Iflex Flexible Packaging (XMAD:IFLEX) Owner Earnings per Share (TTM): 0.18 (As of Dec. 2024) — 98% Below Median

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XMAD:IFLEX Iflex Flexible Packaging SA XMAD:IFLEX
19 GF Score
Price €1.67
! 2 Warning Signs
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What is Iflex Flexible Packaging Owner Earnings per Share (TTM)?

Iflex Flexible Packaging XMAD:IFLEX 19 Owner Earnings per Share (TTM) is 0.18 as of Dec. 2024, which is 98% below its 10-year median of 9.11. GuruFocus rates XMAD:IFLEX with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 199 Packaging & Containers companies, Iflex Flexible Packaging ranks better than 61.81% on this metric.

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Iflex Flexible Packaging's Owner Earnings per Share (TTM) ended in Dec. 2024 was €0.18. It's Price-to-Owner-Earnings ratio for today is 9.28.


The historical rank and industry rank for Iflex Flexible Packaging's Owner Earnings per Share (TTM) or its related term are showing as below:

XMAD:IFLEX' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 8.2   Med: 9.11   Max: 10.83
Current: 9.28


During the past 5 years, the highest Price-to-Owner-Earnings ratio of Iflex Flexible Packaging was 10.83. The lowest was 8.20. And the median was 9.11.


XMAD:IFLEX's Price-to-Owner-Earnings is ranked better than
61.81% of 199 companies
in the Packaging & Containers industry
Industry Median: 12.53 vs XMAD:IFLEX: 9.28

Iflex Flexible Packaging's Earnings per Share (Diluted) for the six months ended in Jun. 2025 was €0.05. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2025 was €0.10. It's PE Ratio (TTM) ratio for today is 17.04.

Iflex Flexible Packaging's EPS without NRI for the six months ended in Jun. 2025 was €0.04. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2025 was €0.10. It's PE Ratio without NRI ratio for today is 16.06.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Iflex Flexible Packaging Owner Earnings per Share (TTM) Related Terms


Iflex Flexible Packaging Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for Iflex Flexible Packaging's Owner Earnings per Share (TTM) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Iflex Flexible Packaging Owner Earnings per Share (TTM) Chart

Iflex Flexible Packaging Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Owner Earnings per Share (TTM)
0.00 0.00 0.00 0.00 0.18

Iflex Flexible Packaging Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Owner Earnings per Share (TTM) Get a 7-Day Free Trial 0.00 0.00 0.00 0.18 0.00

XMAD:IFLEX vs SW, PKG, IP: Owner Earnings per Share (TTM) Comparison

For the Packaging & Containers subindustry, Iflex Flexible Packaging's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Iflex Flexible Packaging Price-to-Owner-Earnings vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Iflex Flexible Packaging's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Iflex Flexible Packaging's Price-to-Owner-Earnings falls into.


XMAD:IFLEX
19GF Score
Iflex Flexible Packaging SA XMAD:IFLEX
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iflex Flexible Packaging Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Iflex Flexible Packaging's Owner Earnings per Share (TTM) Calculation:

Last Year Average of Last 5 Years
Net Income 0.85
Depreciation, Depletion and Amortization 0.62
Change In Deferred Tax 0.00
5Y Average of Maintenance Capital Expenditure 0.56
Change In Working Capital 0.18
Shares Outstanding (Diluted Average) 6.05

1. Start with "Net Income" from income statement. Iflex Flexible Packaging's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was €0.85 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Iflex Flexible Packaging's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Dec. 2024 was €0.62 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income. Iflex Flexible Packaging's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2024 was €0.00 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = €0.56 Mil

It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.

The following shows how to get maintenance capital expenditure.

First, calculate the revenue change regarding to the previous year. If the revenue decreased from the previous year, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous year, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.

Iflex Flexible Packaging's 5-Year Average Maintenance Capital Expenditure = €0.56 Mil

5. "Change In Working Capital" is from cashflow statement. Iflex Flexible Packaging's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2024 was €0.18 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.

6. Iflex Flexible Packaging's Shares Outstanding (Diluted Average) for the months ended in Dec. 2024 was 6.046 Mil.

Iflex Flexible Packaging's Onwer Earnings Per Share for Dec. 2024 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( 0.848 +0.62+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-0.5582+0.177)/6.046
=0.18

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=1.67/0.18
=9.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Owner Earnings per Share (TTM) of 0.18 mean?
Iflex Flexible Packaging (XMAD:IFLEX) has a Owner Earnings per Share (TTM) of 0.18 as of Dec. 2024. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Iflex Flexible Packaging. This is 98% below median its historical median of 9.11. Over the past decade, Iflex Flexible Packaging's Owner Earnings per Share (TTM) has ranged from 8.20 to 10.83. According to the industry distribution chart, Iflex Flexible Packaging ranks #76 out of 199 companies in the Packaging & Containers industry, placing it in the top 38.2%.
Is Iflex Flexible Packaging's Owner Earnings per Share (TTM) too high?
Iflex Flexible Packaging's current Owner Earnings per Share (TTM) of 0.18 is 98% below median its 10-year median of 9.11. Over the past 10 years, this metric has ranged from a low of 8.20 to a high of 10.83. The Packaging & Containers industry median Owner Earnings per Share (TTM) is 12.53. Iflex Flexible Packaging's value of 0.18 is 98.6% below this industry median. Based on the distribution chart, Iflex Flexible Packaging ranks #76 out of 199 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Iflex Flexible Packaging has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Iflex Flexible Packaging's Owner Earnings per Share (TTM) compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Iflex Flexible Packaging ranks #76 out of 199 companies for Owner Earnings per Share (TTM). This puts Iflex Flexible Packaging in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 12.53. Iflex Flexible Packaging's value of 0.18 is 98.6% below this benchmark. Historically, Iflex Flexible Packaging's own Owner Earnings per Share (TTM) has ranged from 8.20 to 10.83 over the past decade. While the company's 10-year median is 9.11 vs. the industry median of 12.53, Iflex Flexible Packaging has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Owner Earnings per Share (TTM) for a Packaging & Containers company?
The median Owner Earnings per Share (TTM) among Packaging & Containers companies is 12.53, based on 199 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iflex Flexible Packaging's current Owner Earnings per Share (TTM) of 0.18 is 98.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Iflex Flexible Packaging. For the Packaging & Containers industry, the median Owner Earnings per Share (TTM) is 12.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iflex Flexible Packaging's current Owner Earnings per Share (TTM) is 0.18, which is 98% below median its own 10-year median of 9.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iflex Flexible Packaging stock overvalued right now?
Iflex Flexible Packaging (XMAD:IFLEX) has a current Owner Earnings per Share (TTM) of 0.18. The current Owner Earnings per Share (TTM) is 0.18, which is 98% below median its 10-year median of 9.11 and 98.6% below the Packaging & Containers industry median of 12.53. Iflex Flexible Packaging's overall GF Score™ is 19/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For Iflex Flexible Packaging (XMAD:IFLEX), the current Owner Earnings per Share (TTM) is 0.18 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Iflex Flexible Packaging Business Description

Address Poligono Industrial Depal, Ulla, Girona, ESP, CP: 17140
Iflex Flexible Packaging SA is a company engaged in the printing and manufacturing of flexible films for the packaging of all types of products by the gravure process or other printing systems. It prints on a wide range of flexible supports, such as Paper, PET, OPP, OPA, PE, Aluminum, etc.
19GF Score

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Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.67
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