8-K Announcements
6May 6, 2026·SEC
Apr 30, 2026·SEC
Feb 4, 2026·SEC
Reynolds Consumer Products Inc. (REYN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Reynolds Consumer Products Inc. (REYN) stock price & volume — 10-year historical chart
Reynolds Consumer Products Inc. (REYN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Reynolds Consumer Products Inc. (REYN) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.28vs $0.25+12.0% | $877Mvs $822M+6.6% |
| Q1 2026 | Feb 4, 2026 | $0.59vs $0.60-1.7% | $1.0Bvs $1.0B+2.6% |
| Q4 2025 | Oct 29, 2025 | $0.42vs $0.39+7.7% | $931Mvs $1.0B-7.6% |
| Q3 2025 | Jul 30, 2025 | $0.39vs $0.38+2.6% | $938Mvs $898M+4.4% |
Reynolds Consumer Products Inc. (REYN) competitors in Plastic Packaging (Rigid and Flexible) — business model, growth, and fundamentals comparison
Reynolds Consumer Products Inc. (REYN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Reynolds Consumer Products Inc. (REYN) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2.96B | 3.14B | 3.03B | 3.26B | 3.56B | 3.82B | 3.76B | 3.69B | 3.72B | 3.78B |
| Revenue Growth % | - | 6.26% | -3.5% | 7.62% | 8.98% | 7.34% | -1.6% | -1.62% | 0.7% | 2.77% |
| Cost of Goods Sold | 2.1B | 2.31B | 2.15B | 2.29B | 2.75B | 3.04B | 2.81B | 2.72B | 2.81B | 2.85B |
| COGS % of Revenue | 70.85% | 73.52% | 70.98% | 70.18% | 77.19% | 79.67% | 74.92% | 73.53% | 75.44% | - |
| Gross Profit | 862M▲ 0% | 832M▼ 3.5% | 880M▲ 5.8% | 973M▲ 10.6% | 811M▼ 16.6% | 776M▼ 4.3% | 942M▲ 21.4% | 978M▲ 3.8% | 914M▼ 6.5% | 932M▲ 0% |
| Gross Margin % | 29.15% | 26.48% | 29.02% | 29.82% | 22.81% | 20.33% | 25.08% | 26.47% | 24.56% | 24.66% |
| Gross Profit Growth % | - | -3.48% | 5.77% | 10.57% | -16.65% | -4.32% | 21.39% | 3.82% | -6.54% | - |
| Operating Expenses | 322M | 319M | 370M | 387M | 333M | 362M | 430M | 429M | 422M | 417M |
| OpEx % of Revenue | 10.89% | 10.15% | 12.2% | 11.86% | 9.36% | 9.48% | 11.45% | 11.61% | 11.34% | - |
| Selling, General & Admin | 304M | 298M | 315M | 358M | 320M | 340M | 430M | 429M | 382M | 385M |
| SG&A % of Revenue | 10.28% | 9.48% | 10.39% | 10.97% | 9% | 8.91% | 11.45% | 11.61% | 10.27% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 18M | 21M | 55M | 29M | 13M | 22M | 0 | 0 | 40M | 3M |
| Operating Income | 540M▲ 0% | 513M▼ 5.0% | 510M▼ 0.6% | 586M▲ 14.9% | 478M▼ 18.4% | 414M▼ 13.4% | 512M▲ 23.7% | 549M▲ 7.2% | 492M▼ 10.4% | 514M▲ 0% |
| Operating Margin % | 18.26% | 16.33% | 16.82% | 17.96% | 13.44% | 10.85% | 13.63% | 14.86% | 13.22% | 13.6% |
| Operating Income Growth % | - | -5% | -0.58% | 14.9% | -18.43% | -13.39% | 23.67% | 7.23% | -10.38% | - |
| EBITDA | 630M | 600M | 601M | 685M | 587M | 531M | 636M | 678M | 627M | 617M |
| EBITDA Margin % | 21.31% | 19.1% | 19.82% | 20.99% | 16.51% | 13.91% | 16.93% | 18.35% | 16.85% | 16.32% |
| EBITDA Growth % | - | -4.76% | 0.17% | 13.98% | -14.31% | -9.54% | 19.77% | 6.6% | -7.52% | -6.94% |
| D&A (Non-Cash Add-back) | 90M | 87M | 91M | 99M | 109M | 117M | 124M | 129M | 135M | 103M |
| EBIT | 565M | 564M | 542M | 582M | 474M | 416M | 537M | 578M | 479M | 416M |
| Net Interest Income | -341M | -302M | -234M | -70M | -48M | -76M | -119M | -98M | -86M | -65M |
| Interest Income | 26M | 52M | 33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 367M | 354M | 267M | 70M | 48M | 76M | 119M | 98M | 86M | 44M |
| Other Income/Expense | -322M | -280M | -209M | -70M | -48M | -76M | -119M | -98M | -99M | -86M |
| Pretax Income | 218M▲ 0% | 233M▲ 6.9% | 301M▲ 29.2% | 516M▲ 71.4% | 430M▼ 16.7% | 338M▼ 21.4% | 393M▲ 16.3% | 451M▲ 14.8% | 393M▼ 12.9% | 428M▲ 0% |
| Pretax Margin % | 7.37% | 7.42% | 9.93% | 15.81% | 12.09% | 8.86% | 10.46% | 12.21% | 10.56% | 11.32% |
| Income Tax | -84M | 57M | 76M | 153M | 106M | 80M | 95M | 99M | 92M | 63M |
| Effective Tax Rate % | -38.53% | 24.46% | 25.25% | 29.65% | 24.65% | 23.67% | 24.17% | 21.95% | 23.41% | 14.72% |
| Net Income | 302M▲ 0% | 176M▼ 41.7% | 225M▲ 27.8% | 363M▲ 61.3% | 324M▼ 10.7% | 258M▼ 20.4% | 298M▲ 15.5% | 352M▲ 18.1% | 301M▼ 14.5% | 329M▲ 0% |
| Net Margin % | 10.21% | 5.6% | 7.42% | 11.12% | 9.11% | 6.76% | 7.93% | 9.53% | 8.09% | 8.7% |
| Net Income Growth % | - | -41.72% | 27.84% | 61.33% | -10.74% | -20.37% | 15.5% | 18.12% | -14.49% | -1.79% |
| Net Income (Continuing) | 302M | 176M | 225M | 363M | 324M | 258M | 298M | 352M | 301M | 329M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.49▲ 0% | 0.87▼ 41.6% | 1.07▲ 23.0% | 1.78▲ 66.4% | 1.54▼ 13.5% | 1.23▼ 20.1% | 1.42▲ 15.4% | 1.67▲ 17.6% | 1.43▼ 14.4% | 1.55▲ 0% |
| EPS Growth % | - | -41.61% | 22.99% | 66.36% | -13.48% | -20.13% | 15.45% | 17.61% | -14.37% | -1.26% |
| EPS (Basic) | 1.49 | 0.87 | 1.07 | 1.78 | 1.54 | 1.23 | 1.42 | 1.68 | 1.43 | - |
| Diluted Shares Outstanding | 202.75M | 202.75M | 209.7M | 204.5M | 209.8M | 209.9M | 210M | 210.4M | 210.4M | 211.8M |
| Basic Shares Outstanding | 202.68M | 202.68M | 209.7M | 204.5M | 209.8M | 209.8M | 210M | 210.1M | 210.3M | 210.6M |
| Dividend Payout Ratio | - | - | - | 34.16% | 59.26% | 74.42% | 64.43% | 54.55% | 63.79% | - |
Reynolds Consumer Products Inc. (REYN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 487M | 516M | 570M | 1.05B | 1.1B | 1.17B | 1.04B | 1.1B | 1.12B | 1.1B |
| Cash & Short-Term Investments | 23M | 23M | 102M | 312M | 164M | 38M | 115M | 137M | 147M | 71M |
| Cash Only | 23M | 23M | 102M | 312M | 164M | 38M | 115M | 137M | 147M | 71M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 85M | 58M | 35M | 309M | 338M | 370M | 361M | 350M | 365M | 377M |
| Days Sales Outstanding | 10.49 | 6.74 | 4.21 | 34.56 | 34.69 | 35.38 | 35.08 | 34.57 | 35.8 | 35.03 |
| Inventory | 371M | 429M | 418M | 419M | 583M | 722M | 524M | 567M | 584M | 637M |
| Days Inventory Outstanding | 64.64 | 67.79 | 70.9 | 66.78 | 77.52 | 86.66 | 67.97 | 76.17 | 75.94 | 79.78 |
| Other Current Assets | 8M | 6M | 15M | 13M | 19M | 41M | 41M | 47M | 20M | 20M |
| Total Non-Current Assets | 5.42B | 5.91B | 3.65B | 3.72B | 3.71B | 3.76B | 3.79B | 3.77B | 3.82B | 3.83B |
| Property, Plant & Equipment | 424M | 464M | 579M | 673M | 732M | 787M | 788M | 848M | 921M | 934M |
| Fixed Asset Turnover | 6.97x | 6.77x | 5.24x | 4.85x | 4.86x | 4.85x | 4.77x | 4.36x | 4.04x | 4.15x |
| Goodwill | 1.88B | 1.88B | 1.88B | 1.88B | 1.88B | 1.88B | 1.9B | 1.9B | 1.9B | 1.9B |
| Intangible Assets | 1.19B | 1.16B | 1.12B | 1.09B | 1.06B | 1.03B | 1B | 972M | 943M | 937M |
| Long-Term Investments | 1.93B | 2.4B | 0 | 0 | 0 | -54M | 0 | 1M | 0 | 0 |
| Other Non-Current Assets | -22M | -46M | 9M | 25M | 36M | 61M | 55M | 56M | 61M | 241M |
| Total Assets | 5.91B▲ 0% | 6.42B▲ 8.6% | 4.22B▼ 34.2% | 4.77B▲ 13.0% | 4.81B▲ 0.8% | 4.93B▲ 2.4% | 4.83B▼ 2.0% | 4.87B▲ 0.9% | 4.94B▲ 1.3% | 4.93B▲ 0% |
| Asset Turnover | 0.50x | 0.49x | 0.72x | 0.68x | 0.74x | 0.77x | 0.78x | 0.76x | 0.75x | 0.77x |
| Asset Growth % | - | 8.63% | -34.23% | 13.02% | 0.82% | 2.43% | -2.03% | 0.91% | 1.29% | 4.19% |
| Total Current Liabilities | 4.48B | 1.39B | 378M | 432M | 484M | 496M | 478M | 539M | 577M | 616M |
| Accounts Payable | 366M | 404M | 207M | 226M | 261M | 298M | 253M | 319M | 387M | 418M |
| Days Payables Outstanding | 63.77 | 63.84 | 35.11 | 36.02 | 34.7 | 35.77 | 32.82 | 42.85 | 50.32 | 50.05 |
| Short-Term Debt | 3.63B | 271M | 29M | 38M | 25M | 25M | 17M | 0 | 23M | 25M |
| Deferred Revenue (Current) | -3.63B | -271M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 665M | 95M | 105M | 74M | 124M | 110M | 58M | 153M | 591M |
| Current Ratio | 0.11x | 0.37x | 1.51x | 2.44x | 2.28x | 2.36x | 2.18x | 2.04x | 1.93x | 1.93x |
| Quick Ratio | 0.03x | 0.06x | 0.40x | 1.47x | 1.08x | 0.91x | 1.08x | 0.99x | 0.92x | 0.92x |
| Cash Conversion Cycle | 11.36 | 10.69 | 40 | 65.33 | 77.51 | 86.27 | 70.23 | 67.89 | 61.42 | 64.76 |
| Total Non-Current Liabilities | 2.73B | 6.06B | 4.66B | 2.73B | 2.57B | 2.56B | 2.37B | 2.19B | 2.11B | 2.05B |
| Long-Term Debt | 2.35B | 5.71B | 4.2B | 2.21B | 2.09B | 2.07B | 1.83B | 1.69B | 1.66B | 1.62B |
| Capital Lease Obligations | 0 | 0 | 35M | 51M | 46M | 64M | 57M | 87M | 81M | 248M |
| Deferred Tax Liabilities | 320M | 296M | 357M | 377M | 351M | 365M | 406M | 342M | 350M | 1.39B |
| Other Non-Current Liabilities | 333M | 310M | 67M | 90M | 88M | 70M | 73M | 77M | 14M | 216M |
| Total Liabilities | 7.21B | 7.45B | 5.04B | 3.16B | 3.06B | 3.06B | 2.85B | 2.73B | 2.68B | 2.67B |
| Total Debt | 5.98B | 5.98B | 4.27B | 2.3B | 2.17B | 2.17B | 1.91B | 1.79B | 1.76B | 1.65B |
| Net Debt | 5.95B | 5.96B | 4.17B | 1.99B | 2B | 2.13B | 1.79B | 1.66B | 1.62B | 1.57B |
| Debt / Equity | - | - | - | 1.42x | 1.24x | 1.16x | 0.96x | 0.84x | 0.78x | 0.78x |
| Debt / EBITDA | 9.49x | 9.97x | 7.10x | 3.35x | 3.70x | 4.08x | 3.00x | 2.65x | 2.81x | 2.67x |
| Net Debt / EBITDA | 9.45x | 9.93x | 6.93x | 2.90x | 3.42x | 4.01x | 2.82x | 2.44x | 2.58x | 2.58x |
| Interest Coverage | 1.54x | 1.59x | 2.03x | 8.31x | 9.88x | 5.47x | 4.51x | 5.90x | 5.57x | 9.45x |
| Total Equity | -1.3B▲ 0% | -1.03B▲ 20.9% | -818M▲ 20.4% | 1.61B▲ 297.4% | 1.76B▲ 8.7% | 1.87B▲ 6.4% | 1.98B▲ 6.2% | 2.14B▲ 8.0% | 2.25B▲ 5.2% | 2.27B▲ 0% |
| Equity Growth % | - | 20.88% | 20.35% | 297.43% | 8.73% | 6.38% | 6.16% | 8.02% | 5.18% | 22.78% |
| Book Value per Share | -6.40 | -5.07 | -3.90 | 7.90 | 8.37 | 8.90 | 9.44 | 10.18 | 10.71 | 10.69 |
| Total Shareholders' Equity | -1.3B | -1.03B | -818M | 1.61B | 1.76B | 1.87B | 1.98B | 2.14B | 2.25B | 2.27B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -1.3B | -1.03B | -823M | 233M | 365M | 431M | 537M | 694M | 802M | 813M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 6M | 7M | 5M | 1M | 10M | 52M | 50M | 35M | 20M | 22M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Reynolds Consumer Products Inc. (REYN) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 395M | 530M | 403M | 319M | 310M | 219M | 644M | 489M | 477M | 477M |
| Operating CF Margin % | 13.36% | 16.87% | 13.29% | 9.78% | 8.72% | 5.74% | 17.15% | 13.23% | 12.82% | - |
| Operating CF Growth % | - | 34.18% | -23.96% | -20.84% | -2.82% | -29.35% | 194.06% | -24.07% | -2.45% | 40.34% |
| Net Income | 302M | 176M | 225M | 363M | 324M | 258M | 298M | 352M | 301M | 329M |
| Depreciation & Amortization | 90M | 87M | 91M | 99M | 109M | 117M | 124M | 129M | 135M | 136M |
| Stock-Based Compensation | 0 | 0 | 0 | 5M | 4M | 5M | 14M | 19M | 0 | 16M |
| Deferred Taxes | -158M | -22M | 1M | 67M | 22M | 1M | -5M | -11M | 13M | 21M |
| Other Non-Cash Items | 12M | 15M | -9M | 0 | 0 | 0 | 0 | 0 | 21M | -23M |
| Working Capital Changes | 151M | 274M | 95M | -215M | -149M | -162M | 213M | 0 | 7M | 12M |
| Change in Receivables | 44M | -7M | -19M | -276M | -29M | -31M | 7M | 13M | -16M | -53M |
| Change in Inventory | -78M | -65M | 2M | 0 | -165M | -139M | 198M | -42M | -18M | -5M |
| Change in Payables | -4M | 16M | -6M | 54M | 71M | -14M | -31M | 95M | 40M | 33M |
| Cash from Investing | -364M | -554M | -128M | -143M | -141M | -128M | -110M | -120M | -161M | -166M |
| Capital Expenditures | -56M | -82M | -109M | -143M | -141M | -128M | -104M | -120M | -161M | -122M |
| CapEx % of Revenue | 1.89% | 2.61% | 3.6% | 4.38% | 3.97% | 3.35% | 2.77% | 3.25% | 4.33% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | -6M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -308M | -472M | -19M | 0 | 0 | 0 | 0 | 0 | 0 | -44M |
| Cash from Financing | -40M | 24M | -196M | 34M | -317M | -217M | -457M | -346M | -306M | -313M |
| Debt Issued (Net) | -21M | 3M | -21M | 2.25B | -125M | -25M | -262M | -150M | -108M | -58M |
| Equity Issued (Net) | 0 | 0 | 0 | 1.41B | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | -124M | -192M | -192M | -192M | -192M | -192M | -192M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -19M | 21M | -175M | -3.5B | 0 | 0 | -3M | -4M | -6M | -63M |
| Net Change in Cash | -9M▲ 0% | 0▲ 100.0% | 79M▲ 0% | 210M▲ 165.8% | -148M▼ 170.5% | -126M▲ 14.9% | 77M▲ 161.1% | 22M▼ 71.4% | 10M▼ 54.5% | 13M▲ 0% |
| Free Cash Flow | 339M▲ 0% | 448M▲ 32.2% | 294M▼ 34.4% | 176M▼ 40.1% | 169M▼ 4.0% | 91M▼ 46.2% | 540M▲ 493.4% | 369M▼ 31.7% | 316M▼ 14.4% | 370M▲ 0% |
| FCF Margin % | 11.46% | 14.26% | 9.7% | 5.39% | 4.75% | 2.38% | 14.38% | 9.99% | 8.49% | 9.79% |
| FCF Growth % | - | 32.15% | -34.38% | -40.14% | -3.98% | -46.15% | 493.41% | -31.67% | -14.36% | 17.09% |
| FCF per Share | 1.67 | 2.21 | 1.40 | 0.86 | 0.81 | 0.43 | 2.57 | 1.75 | 1.50 | 1.50 |
| FCF Conversion (FCF/Net Income) | 1.31x | 3.01x | 1.79x | 0.88x | 0.96x | 0.85x | 2.16x | 1.39x | 1.58x | 1.12x |
| Interest Paid | 146M | 123M | 109M | 83M | 41M | 68M | 114M | 98M | 0 | 41M |
| Taxes Paid | 7M | 8M | 4M | 76M | 91M | 64M | 90M | 125M | 0 | 46M |
Reynolds Consumer Products Inc. (REYN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | 91.09% | 19.22% | 14.24% | 15.48% | 17.07% | 13.7% | 14.88% |
| Return on Invested Capital (ROIC) | 8.03% | 9.24% | 12.65% | 9.74% | 8% | 9.88% | 10.87% | 9.62% | 9.62% |
| Gross Margin | 26.48% | 29.02% | 29.82% | 22.81% | 20.33% | 25.08% | 26.47% | 24.56% | 24.66% |
| Net Margin | 5.6% | 7.42% | 11.12% | 9.11% | 6.76% | 7.93% | 9.53% | 8.09% | 8.7% |
| Debt / Equity | - | - | 1.42x | 1.24x | 1.16x | 0.96x | 0.84x | 0.78x | 0.78x |
| Interest Coverage | 1.59x | 2.03x | 8.31x | 9.88x | 5.47x | 4.51x | 5.90x | 5.57x | 9.45x |
| FCF Conversion | 3.01x | 1.79x | 0.88x | 0.96x | 0.85x | 2.16x | 1.39x | 1.58x | 1.12x |
| Revenue Growth | 6.26% | -3.5% | 7.62% | 8.98% | 7.34% | -1.6% | -1.62% | 0.7% | 2.77% |
Reynolds Consumer Products Inc. (REYN) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 6, 2026·SEC
Apr 30, 2026·SEC
Feb 4, 2026·SEC
Reynolds Consumer Products Inc. (REYN) stock FAQ — growth, dividends, profitability & financials explained
Reynolds Consumer Products Inc. (REYN) reported $3.78B in revenue for fiscal year 2025. This represents a 28% increase from $2.96B in 2017.
Reynolds Consumer Products Inc. (REYN) grew revenue by 0.7% over the past year. Growth has been modest.
Yes, Reynolds Consumer Products Inc. (REYN) is profitable, generating $329.0M in net income for fiscal year 2025 (8.1% net margin).
Yes, Reynolds Consumer Products Inc. (REYN) pays a dividend with a yield of 4.17%. This makes it attractive for income-focused investors.
Reynolds Consumer Products Inc. (REYN) has a return on equity (ROE) of 13.7%. This is reasonable for most industries.
Reynolds Consumer Products Inc. (REYN) generated $370.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Reynolds Consumer Products Inc. (REYN) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates