Sonoco Products Co. (SON) intrinsic value & 10-year financials

Sonoco Products Co. (SON) has a Graham intrinsic value of $334.48 per share. At $49.79 on Oct 17, 2026, the stock trades 85% below that value. Over the last 10 fiscal years revenue grew 5.2% a year to $7.5B, with an average return on invested capital of 10.1%.

Graham intrinsic value
$334.48
Share price (Oct 17, 2026)
$49.79
Price vs Graham value
85% below
Market cap
$5.0B
Revenue (FY2025)
$7.5B
Revenue growth (10-yr CAGR)
5.2%
ROIC (10-yr avg)
10.1%
Free cash flow (FY2025)
$345.8M

SON 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $7.5B $1.0B $10.07 $345.8M 13.5% 10.5%
FY2024 $5.0B $163.9M $1.65 $440.6M 6.5% 4.5%
FY2023 $6.8B $475.0M $4.80 $519.8M 10.6% 10.5%
FY2022 $7.3B $466.4M $4.72 $180.3M 9.3% 12.9%
FY2021 $5.6B -$85.5M -$0.86 $42.7M 8.7% 8.6%
FY2020 $5.2B $207.5M $2.05 $511.5M 6.8% 8.9%
FY2019 $5.4B $291.8M $2.88 $229.9M 8.7% 11.1%
FY2018 $5.4B $313.6M $3.10 $397.3M 8.1% 12.3%
FY2017 $5.0B $175.3M $1.74 $160.4M 7.3% 7.9%
FY2016 $4.8B $286.4M $2.81 $211.9M 10.3% 13.6%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

SONOCO PRODUCTS CO has demonstrated mature, steady growth, with revenue compounding at 5.2% annually over the past decade.

SONOCO PRODUCTS CO returns on capital have been average, hovering around 10.1% ROIC over the decade.

Over the decade, SONOCO PRODUCTS CO shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, SONOCO PRODUCTS CO is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $334.48 per share.

SON stock: frequently asked questions

What is the intrinsic value of Sonoco Products Co. (SON) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SON's intrinsic value is about $334.48 per share.

Is SON stock undervalued?

At $49.79 (close on Oct 17, 2026), SON trades 85% below its Graham value of $334.48. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Sonoco Products Co. grown?

Revenue went from $4.8B in fiscal 2016 to $7.5B in fiscal 2025, a compound annual growth rate of 5.2%. Net income was $1.0B in fiscal 2025.

Does Sonoco Products Co. generate free cash flow?

Sonoco Products Co. generated $345.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is SON's return on invested capital?

Average ROIC over the last 10 fiscal years was 10.1%, and average return on equity was 15.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SON data come from?

From Sonoco Products Co.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 28, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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