Financials AMCOR19 Australian S.E.

Stocks

AMCDC

AU0000048258

Non-Paper Containers & Packaging

End-of-day quote Australian S.E. Other stock markets			5-day change	1st Jan Change
- ^AUD	-.--%		-.--%	-

07-23	Amcor Shares Unlikely to Secure Sustained Re-rating, Jefferies Says	MT
07-22	Jefferies Downgrades Amcor to Hold From Buy, Adjusts Price Target to $44.92 From $51.36	MT

Projected Income Statement: AMCOR19

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	12,861	14,544	14,694	13,640	15,009	23,134	23,801	23,967
Change	-	13.09%	1.03%	-7.17%	10.04%	54.13%	2.88%	0.7%
EBITDA ¹	2,028	2,117	2,018	1,962	2,186	3,657	3,886	4,051
Change	-	4.39%	-4.68%	-2.78%	11.42%	67.28%	6.27%	4.25%
EBIT ¹	1,621	1,701	1,608	1,560	1,723	2,791	3,000	3,157
Change	-	4.94%	-5.47%	-2.99%	10.45%	61.97%	7.51%	5.22%
Interest Paid ¹	-139	-135	-259	-310	-347	-581.8	-563.8	-541.1
Earnings before Tax (EBT) ¹	1,193	1,115	1,251	907	650	1,324	1,846	2,119
Change	-	-6.54%	12.2%	-27.5%	-28.34%	103.66%	39.48%	14.75%
Net income ¹	939	805	1,048	730	511	1,137	1,486	1,639
Change	-	-14.27%	30.19%	-30.34%	-30%	122.44%	30.7%	10.32%
Announcement Date	17/08/21	17/08/22	16/08/23	15/08/24	14/08/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: June	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2	2028 Q3
Net sales ¹	3,454	3,420	3,507	3,708	3,909	3,712	3,642	3,667	3,673	3,443	3,251	3,411	3,535	3,353	3,241	3,333	5,082	5,745	5,449	5,914	6,076	5,918	5,665	6,085	6,075	5,688	5,668	6,411
Change	-	-0.98%	2.54%	5.73%	5.42%	-5.04%	-1.89%	0.69%	0.16%	-6.26%	-5.58%	4.92%	3.64%	-5.15%	-3.34%	2.84%	52.48%	13.05%	-5.15%	8.53%	2.73%	-2.59%	-4.27%	7.41%	-0.17%	-6.36%	-0.35%	13.11%
EBITDA ¹	573	486	490	531	609	494	500	484	540	459	454	499	550	466	453	477	789	909	826	892	1,021	959.3	896.4	986.3	1,067	976.4	931.6	1,090
Change	-	-15.18%	0.82%	8.37%	14.69%	-18.88%	1.21%	-3.2%	11.57%	-15%	-1.09%	9.91%	10.22%	-15.27%	-2.79%	5.3%	65.41%	15.21%	-9.13%	7.99%	14.45%	-6.03%	-6.56%	10.03%	8.19%	-8.49%	-4.59%	16.96%
EBIT ¹	477	381	388	427	505	392	399	382	436	358	352	397	454	365	363	384	611	687	603	687	813.8	741	684.5	754.6	830.1	762.4	712.9	839
Change	-	-20.13%	1.84%	10.05%	18.27%	-22.38%	1.79%	-4.26%	14.14%	-17.89%	-1.68%	12.78%	14.36%	-19.6%	-0.55%	5.79%	59.11%	12.44%	-12.23%	13.93%	18.46%	-8.95%	-7.62%	10.24%	10%	-8.16%	-6.48%	17.68%
Charge d'intérêts ¹	-36	-35	-34	-36	-35	-50	-68	-71	-70	-75	-78	-79	-78	-75	-72	-75	-125	-140	-154	-153	-144	-146.6	-144.4	-142.9	-143.4	-147	-147	-
Earnings before Tax (EBT) ¹	333	266	290	343	216	292	494	213	252	194	165	230	318	236	224	237	-47	309	178	310	524.3	463.5	374.5	489.2	604.6	501.2	451.3	596.7
Change	-	-20.12%	9.02%	18.28%	-37.03%	35.19%	69.18%	-56.88%	18.31%	-23.02%	-14.95%	39.39%	38.26%	-25.79%	-5.08%	5.8%	-119.83%	757.45%	-42.39%	74.16%	69.14%	-11.59%	-19.2%	30.6%	23.6%	-17.1%	-9.96%	32.22%
Net income ¹	255	202	225	269	109	232	459	177	181	152	134	187	257	191	163	196	-39	262	177	278	410.6	348.5	283	376.7	476.3	392.9	351.6	477.3
Change	-	-20.78%	11.39%	19.56%	-59.48%	112.84%	97.84%	-61.44%	2.26%	-16.02%	-11.84%	39.55%	37.43%	-25.68%	-14.66%	20.25%	-119.9%	771.79%	-32.44%	57.06%	47.7%	-15.13%	-18.79%	33.11%	26.45%	-17.52%	-10.5%	35.75%
Announcement Date	17/08/21	02/11/21	01/02/22	03/05/22	17/08/22	01/11/22	07/02/23	02/05/23	16/08/23	31/10/23	06/02/24	30/04/24	15/08/24	31/10/24	04/02/25	30/04/25	14/08/25	05/11/25	03/02/26	06/05/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: June	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2026 S2	2027 S1
Net sales ¹	6,927	7,617	7,354	7,340	6,694	6,946	6,594	12,385	11,326
Change	-	9.96%	-3.45%	-0.19%	-8.8%	3.76%	-5.07%	87.82%	-8.56%
EBITDA	976	1,140	994	1,024	913	1,049	-	-	1,825
Change	-	16.8%	-12.81%	3.02%	-10.84%	14.9%	-	-	-
EBIT	769	932	791	817	709	851	728	-	1,392
Change	-	21.2%	-15.13%	3.29%	-13.22%	20.03%	-14.45%	-	-
Charge d'intérêts	-69	-66	-118	-141	-153	-157	-147	-	-289.5
Earnings before Tax (EBT)	-	-	-	-	-	-	224	-	840
Change	-	-	-	-	-	-	-	-	-
Net income	427	-	-	358	286	444	-	-	635
Change	-	-	-	-	-20.11%	55.24%	-	-	-
Announcement Date	01/02/22	17/08/22	07/02/23	16/08/23	06/02/24	15/08/24	04/02/25	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: AMCOR19

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	5,439	5,715	6,057	6,111	13,271	13,343	12,761	11,906
Change	-	5.07%	5.98%	0.89%	117.17%	0.54%	-4.36%	-6.7%
Announcement Date	17/08/21	17/08/22	16/08/23	15/08/24	14/08/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: AMCOR19

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	468	527	526	492	580	870.7	891.8	919.4
Change	-	12.61%	-0.19%	-6.46%	17.89%	50.13%	2.42%	3.1%
Free Cash Flow (FCF) ¹	993	999	735	829	810	1,568	1,876	2,063
Change	-	0.6%	-26.43%	12.79%	-2.29%	93.61%	19.65%	9.93%
Announcement Date	17/08/21	17/08/22	16/08/23	15/08/24	14/08/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: AMCOR19

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	15.77%	14.56%	13.73%	14.38%	14.56%	15.81%	16.33%	16.9%
EBIT Margin (%)	12.6%	11.7%	10.94%	11.44%	11.48%	12.06%	12.61%	13.17%
EBT Margin (%)	9.28%	7.67%	8.51%	6.65%	4.33%	5.72%	7.76%	8.84%
Net margin (%)	7.3%	5.53%	7.13%	5.35%	3.4%	4.91%	6.24%	6.84%
FCF margin (%)	7.72%	6.87%	5%	6.08%	5.4%	6.78%	7.88%	8.61%
FCF / Net Income (%)	105.75%	124.1%	70.13%	113.56%	158.51%	137.97%	126.3%	125.86%
Profitability
ROA	5.58%	7.07%	6.33%	6.05%	4.24%	5.65%	6.31%	6.76%
ROE	24.36%	27.67%	26.49%	25.24%	14.48%	15.76%	16.57%	17.18%
Financial Health
Leverage (Debt/EBITDA)	2.68x	2.7x	3x	3.11x	6.07x	3.65x	3.28x	2.94x
Debt / Free cash flow	5.48x	5.72x	8.24x	7.37x	16.38x	8.51x	6.8x	5.77x
Capital Intensity
CAPEX / Current Assets (%)	3.64%	3.62%	3.58%	3.61%	3.86%	3.76%	3.75%	3.84%
CAPEX / EBITDA (%)	23.08%	24.89%	26.07%	25.08%	26.53%	23.81%	22.95%	22.7%
CAPEX / FCF (%)	47.13%	52.75%	71.56%	59.35%	71.6%	55.52%	47.53%	44.57%
Items per share
Cash flow per share ¹	4.695	5.033	4.33	4.6	4.363	4.548	6.382	8.047
Change	-	7.2%	-13.96%	6.22%	-5.15%	4.23%	40.33%	26.1%
Dividend per Share ¹	2.35	2.4	2.45	2.5	2.55	2.531	2.547	2.574
Change	-	2.13%	2.08%	2.04%	2%	-0.75%	0.65%	1.05%
Book Value Per Share ¹	15.49	13.73	13.81	15.73	25.44	25.82	26.88	28.82
Change	-	-11.4%	0.63%	13.88%	61.74%	1.48%	4.12%	7.2%
EPS ¹	3.01	2.645	3.525	2.525	1.6	2.454	3.242	3.696
Change	-	-12.13%	33.27%	-28.37%	-36.63%	53.35%	32.13%	13.99%
Nbr of stocks (in thousands)	306,405	296,735	287,064	288,869	456,770	462,146	462,146	462,146
Announcement Date	17/08/21	17/08/22	16/08/23	15/08/24	14/08/25	-	-	-