Crown Holdings Inc (CCK) is undervalued and International Paper Co (IP) is slightly undervalued.
Against our estimates of intrinsic value, CCK trades at the wider discount: a margin of safety of +33%, against +9% for IP.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.3% (average of 3 methods) values the shares at $163.13; the price of $109.64 is 33% below that value, and 82% of that value comes from beyond year five.
Leak Score 70/100 on 3 of 12 signals
Discounting its cash flows at 8.2% (average of 2 methods) values the shares at $39.36; the price of $35.71 is 9% below that value, and 78% of that value comes from beyond year five.
Leak Score 27/100 on 8 of 12 signals
| Metric | CCK | IP |
|---|---|---|
| Verdict | Undervalued | Slightly undervalued |
| Price | $109.64 | $35.71 |
| Intrinsic value | $163.13 | $39.36 |
| Margin of safety | +33% | +9% |
| Leak Score | 70/100 (3/12) | 27/100 (8/12) |
| Market cap | $11.9B | $18.9B |
| Revenue growth, 5 years | 5.7% | 6.1% |
| Operating margin | 12.8% | 0.9% |
| Net margin | 5.9% | -14.1% |
| Return on equity | 27.2% | -16.5% |
| Debt to equity | 2.19 | 0.83 |
| P/E | 15.8x | — |
| Forward P/E | 12.1x | 11.8x |
| P/B | 4.3x | 1.3x |
| Dividend yield | 1.3% | 5.3% |