Morningstar Rating

Stock Research and Analysis

by Todd Wenning

Bulls Say

Bemis has the pricing power to pass increasing input costs onto the majority of its customers, thereby allowing it to maintain its flexible packaging margins.
Bemis' economies of scale and scope, paired with its high-valued packaging and materials expertise, create barriers to entry for competitors.
Management has historically done a good job at deleveraging after making acquisitions. Read more 

Bears Say

Bemis has significant exposure to Brazil, where economic growth has been slower than expected. Regional food inflation has hurt consumer demand for higher-margin packaged goods, where Bemis has the widest advantage over competitors.
Rising food prices that aren't fully offset by consumer wage growth will lead to lower volumes and negatively affect Bemis' margins.
The PSM business will continue to be a drag on overall profitability and destroy shareholder capital. Read more 

Management

We award Bemis a Standard stewardship rating. In August, the company announced that its COO, William F. Austen, would assume the CEO role, while Henry Theisen would shift to an executive chairman role until the next annual meeting, when he'd retire.  Read more 

Profile

Bemis manufactures flexible packaging primarily for the food and beverage industry, but also for the medical and consumer product industries. Additionally, Bemis makes pressure-sensitive   Read more 

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