--- title: Smurfit Westrock (SW) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/sw ticker: SW as_of: 2026-10-17 sector: Consumer Cyclical industry: Packaging & Containers --- # Smurfit Westrock (SW) Smurfit Westrock (SW) closed at $41.16 on Oct 16, 2026, undervalued by 9% vs its model value of $45.09 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $41.16 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $45.09 | | Price vs model | undervalued by 9% vs model | | Range of that model | $18.75 – $161.57 | | Market value | $21.6B | | P/E (fiscal 2025) | 30.9 | | Net margin (fiscal 2025) | 2.2% | | Free cash flow (fiscal 2025) | $1.2B | | Dividend yield (trailing twelve months) | 4.34% | | Beta | 0.93 | | Cost of capital (WACC) | 7.25% | | Business classification | Cyclical (High revenue growth (~61% recent), Thin margins (2.2% net margin), Strong dividend yield, Highly cyclical earnings, Strong FCF yield (5.6%)) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Highest dividend yield | #46 | 4.34% | https://sweetvaluelab.com/lists/highest-dividend-yield | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 4.34% | | Dividends per share, last 12 months | $1.79 | | Dividends / free cash flow (fiscal 2025) | 75.0% | | Raised | 1 years in a row | | Growth over 3 years | -13.2% a year | | Latest payment | $0.4523, ex-date Aug 14, 2026, paid Sep 10, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Sep 29, 2022 | $2.73 | | To Aug 15, 2024 | $3.12 | | To Aug 15, 2025 | $1.59 | | Trailing twelve months (to Aug 14, 2026) | $1.79 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $45.09 | $18.75 | $161.57 | | DCF · Perpetuity growth · 10y | cross check | $48.99 | $22.36 | $165.09 | | DCF · EBITDA exit · 5y | cross check | $133.66 | $91.31 | $183.50 | | DCF · EBITDA exit · 10y | cross check | $123.65 | $78.22 | $184.26 | | P/E · peers | cross check | $32.85 | $23.55 | $58.65 | | P/E · own history | cross check | $29.46 | $18.27 | $75.40 | | PEG | sanity check | $53.83 | $53.83 | $53.83 | | EV/EBITDA · peers | cross check | $104.43 | $62.59 | $181.74 | | EV/Revenue · peers | cross check | $60.14 | $40.28 | $70.31 | | Earnings power value | cross check | $19.76 | $12.18 | $31.31 | | Dividend discount | cross check | $45.39 | $31.66 | $66.45 | ## Insider activity (SEC Form 4) No open-market insider buys or sales filed in the past 90 days. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Sep 10, 2026 | SMURFIT ANTHONY P J | President and CEO | Grant / award | 486 | $0 | | Sep 10, 2026 | SMURFIT ANTHONY P J | President and CEO | Grant / award | 910 | $0 | | Sep 10, 2026 | Page Irene | Chief Accounting Officer | Grant / award | 23 | $0 | | Sep 10, 2026 | Page Irene | Chief Accounting Officer | Grant / award | 152 | $0 | | Sep 10, 2026 | Mayer Saverio | See remarks | Grant / award | 119 | $0 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Jul 31, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/2005951/000162828026051195/smur-20260630.htm | | Jul 29, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/2005951/000110465926087794/tm2621489d1_8k.htm | | May 1, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/2005951/000162828026029089/smur-20260331.htm | | May 1, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/2005951/000110465926053535/tm2613273d1_8k.htm | | Apr 30, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/2005951/000110465926052046/tm2613071d1_8k.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Sarah Ketterer | 2026-06-30 | 15,039,041 | $695.7M | | Harry Burn | 2026-06-30 | 1,835,817 | $84.9M | | Soros | 2026-06-30 | 1,512,798 | $70.0M | | Bridgewater | 2026-06-30 | 471,953 | $21.8M | 5 tracked managers in all. ## About Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in North America, South America, Europe, Asia, Africa, Australia, and internationally. The company produces containerboard and paperboard; packaging of corrugated containers; consumer packaging; and offers solid board, kraft paper, and graphic board, as well as other packaging products, such as solidboard packaging, paper sacks and bag-in-box. It produces linerboard and corrugated medium and paperboard; and other paper-based packaging, such as folding cartons, inserts, labels and displays. The company primarily serves food and beverage, healthcare, beauty and personal care, garden, consumer goods, industrial, and foodservice markets. It markets its products through its own sales force, independent sales representatives,… --- Source: https://sweetvaluelab.com/stocks/sw (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.