TacticScaleWhat Silgan Does & How It Makes Money (SLGN)
Updated October 2026 · reflects Silgan's latest reported financials
Maker of metal, plastic, and dispensing packaging for consumer goods. Silgan earns revenue by manufacturing rigid packaging in high volumes and selling it to consumer goods companies and food processors.
How Silgan makes money
Silgan earns revenue by manufacturing rigid packaging in high volumes and selling it to consumer goods companies and food processors. It sells mainly through its own sales force, and also through distributors and an online catalog.
What Silgan does
Silgan Holdings, founded in 1987 and based in Norwalk, Connecticut, supplies rigid packaging to consumer goods companies in the U.S. and internationally. It has three segments. Dispensing and Specialty Closures makes pumps, sprayers, and metal and plastic closures for fragrance and beauty, food, beverage, personal and health care, home care, and lawn and garden markets, and also sells capping/sealing equipment. Metal Containers makes steel and aluminum cans for pet food, vegetables, fruit, soup, and proteins, plus general line containers. Custom Containers makes PE and PET bottles, thermoformed bowls and trays, and plastic caps, sifters, and fitments. The business depends on steady demand for everyday staples like canned food, condiments, and personal care products. Silgan reaches customers mainly through a direct sales force, with distributors and an online catalog as additional channels.
Products & services
- Dispensing systems (pumps, sprayers)
- Metal and plastic specialty closures
- Steel and aluminum food cans
- Custom PE and PET plastic containers
- Thermoformed bowls and trays for shelf-stable food
- Capping/sealing equipment and detection systems
What is Silgan worth?
On an owner-earnings DCF, Silgan's most-likely value is about $95 versus a recent price near $35 (168% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$64) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $35 is below even the no-growth floor ($64); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -9.0%/yr. A bargain only if that pessimism is overdone.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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