Investment Thesis
Source: smurfitkappa.com
Smurfit Kappa (OTCPK:SMFTF) is one of the world's largest paper packaging companies and a leader in the segment in Europe and South America. The group relies heavily on recycled paper for its European business and is promoting usage of paper-based packaging as a way to reduce plastic pollution and reduction in CO2 emissions.
In the case of SKG, the environmental aspect goes hand in hand with a solid business model that is posed to earn above peer average return on capital. Over the past 5-year period Smurfit Kappa shares