Financials Amcor plc

Equities

AMCR

JE00BJ1F3079

Non-Paper Containers & Packaging

Market Closed - Nyse Other stock markets 21:00:07 03/05/2024 BST			5-day change	1st Jan Change
10.02 ^USD	+1.47%		+11.65%	+3.89%

05-01	Correction: -- Earnings Flash (AMCR) AMCOR Posts Q3 EPS $0.178	MT
05-01	Amcor Shares Jump After Fiscal Q3 Adjusted Earnings Beat	MT

Valuation

Fiscal Period: Junio	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	18,654	16,005	17,557	18,442	14,325	14,458	-	-
Enterprise Value (EV) ¹	23,762	21,496	22,996	24,157	20,382	20,700	20,573	20,448
P/E ratio	-	26.7 x	19 x	23.5 x	14.2 x	16.1 x	14.4 x	13.6 x
Yield	3.96%	4.51%	4.1%	3.86%	4.91%	4.98%	5.2%	5.38%
Capitalization / Revenue	1.97 x	1.28 x	1.37 x	1.27 x	0.97 x	1.05 x	1.01 x	0.99 x
EV / Revenue	2.51 x	1.72 x	1.79 x	1.66 x	1.39 x	1.5 x	1.43 x	1.39 x
EV / EBITDA	17 x	11.2 x	11.3 x	11.4 x	10.1 x	10.4 x	9.84 x	9.54 x
EV / FCF	53.5 x	21.8 x	23.2 x	24.2 x	27.7 x	23.9 x	20.5 x	20.2 x
FCF Yield	1.87%	4.58%	4.32%	4.14%	3.61%	4.18%	4.88%	4.94%
Price to Book	-	3.49 x	3.7 x	4.53 x	3.61 x	3.6 x	3.61 x	3.67 x
Nbr of stocks (in thousands)	1,623,530	1,567,571	1,532,027	1,483,676	1,435,322	1,444,343	-	-
Reference price ²	11.49	10.21	11.46	12.43	9.980	10.01	10.01	10.01
Announcement Date	20/08/19	18/08/20	17/08/21	17/08/22	16/08/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	9,458	12,468	12,861	14,544	14,694	13,782	14,369	14,677
EBITDA ¹	1,394	1,913	2,028	2,117	2,018	1,982	2,091	2,144
EBIT ¹	1,075	1,497	1,621	1,701	1,608	1,566	1,644	1,688
Operating Margin	11.37%	12.01%	12.6%	11.7%	10.94%	11.36%	11.44%	11.5%
Earnings before Tax (EBT) ¹	604.1	825	1,193	1,115	1,251	1,119	1,265	1,355
Net income ¹	430.2	612	939	805	1,048	840.5	972.2	1,009
Net margin	4.55%	4.91%	7.3%	5.53%	7.13%	6.1%	6.77%	6.87%
EPS ²	-	0.3820	0.6020	0.5290	0.7050	0.6200	0.6929	0.7378
Free Cash Flow ¹	444	984	993	999	735	866.2	1,004	1,011
FCF margin	4.69%	7.89%	7.72%	6.87%	5%	6.28%	6.99%	6.89%
FCF Conversion (EBITDA)	31.85%	51.44%	48.96%	47.19%	36.42%	43.71%	48.03%	47.13%
FCF Conversion (Net income)	103.21%	160.78%	105.75%	124.1%	70.13%	103.05%	103.3%	100.2%
Dividend per Share ²	0.4550	0.4600	0.4700	0.4800	0.4900	0.4988	0.5207	0.5384
Announcement Date	20/08/19	18/08/20	17/08/21	17/08/22	16/08/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2020 S1	2020 S2	2021 S1	2021 S2	2022 Q2	2022 S1	2022 Q3	2022 Q4	2022 S2	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2024 S2	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	6,184	6,284	6,200	6,661	3,507	6,927	3,708	3,909	7,617	3,712	3,642	7,354	3,667	3,673	7,340	3,443	3,251	6,694	3,411	3,649	7,368	3,512	3,408	3,549	3,766
EBITDA ¹	911	1,002	948	1,080	490	976	531	609	1,140	494	500	994	484	540	1,024	459	454	913	499	560	1,052	497.6	484.6	527.4	575.2
EBIT ¹	699	798	743	878	388	769	427	505	932	392	399	791	382	436	817	358	352	709	397	453.5	846.7	376	373.6	417	479.1
Operating Margin	11.3%	12.7%	11.98%	13.18%	11.06%	11.1%	11.52%	12.92%	12.24%	10.56%	10.96%	10.76%	10.42%	11.87%	11.13%	10.4%	10.83%	10.59%	11.64%	12.43%	11.49%	10.7%	10.97%	11.75%	12.72%
Earnings before Tax (EBT) ¹	-	-	-	-	290	-	343	216	-	292	494	-	213	252	-	194	165	-	230	328.1	-	277.2	276.4	307.4	342.3
Net income ¹	252	-	417	522	225	427	269	109	-	232	459	-	177	181	358	152	134	286	187	263	-	216.5	215.8	240.4	267.9
Net margin	4.08%	-	6.73%	7.84%	6.42%	6.16%	7.25%	2.79%	-	6.25%	12.6%	-	4.83%	4.93%	4.88%	4.41%	4.12%	4.27%	5.48%	7.21%	-	6.16%	6.33%	6.77%	7.11%
EPS ²	-	-	-	-	0.1480	-	0.1780	0.0730	-	0.1550	0.3070	-	0.1190	0.1230	-	0.1050	0.0920	-	0.1290	0.1900	-	0.1500	0.1500	0.1700	0.1900
Dividend per Share ²	-	-	-	-	0.1200	-	0.1200	0.1200	-	0.1225	-	-	0.1225	-	-	-	-	-	0.1250	0.1250	-	0.1300	0.1300	0.1300	0.1300
Announcement Date	11/02/20	18/08/20	02/02/21	17/08/21	01/02/22	01/02/22	03/05/22	17/08/22	17/08/22	01/11/22	07/02/23	07/02/23	02/05/23	16/08/23	16/08/23	31/10/23	06/02/24	06/02/24	30/04/24	-	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	5,108	5,491	5,439	5,715	6,057	6,242	6,115	5,990
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.664 x	2.87 x	2.682 x	2.7 x	3.001 x	3.15 x	2.925 x	2.794 x
Free Cash Flow ¹	444	984	993	999	735	866	1,004	1,011
ROE (net income / shareholders' equity)	22.9%	19.8%	24.4%	27.7%	26.5%	25.1%	25.3%	25.9%
ROA (Net income/ Total Assets)	5.56%	3.64%	5.58%	7.07%	6.33%	6.27%	6.45%	6.6%
Assets ¹	7,732	16,813	16,815	11,382	16,566	13,411	15,073	15,275
Book Value Per Share ²	-	2.930	3.100	2.750	2.760	2.780	2.780	2.730
Cash Flow per Share ²	-	0.8600	0.9400	1.010	0.8700	0.9500	1.250	1.020
Capex ¹	332	400	468	527	526	501	519	510
Capex / Sales	3.51%	3.21%	3.64%	3.62%	3.58%	3.63%	3.61%	3.47%
Announcement Date	20/08/19	18/08/20	17/08/21	17/08/22	16/08/23	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Amcor plc

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

10.01 USD

Average target price

10.83 USD

Spread / Average Target

+8.21%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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