Financials Amcor plc Australian S.E.

Equities

AMC

AU000000AMC4

Non-Paper Containers & Packaging

Market Closed - Australian S.E. Other stock markets 02:10:44 2024-04-26 EDT			5-day change	1st Jan Change
13.73 ^AUD	-0.58%		-0.07%	-3.38%

03-20	North American Morning Briefing : Markets on Hold as Fed Decision Nears	DJ
03-20	Amcor CEO to Retire; Shares Down 3%	MT

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	18,654	16,005	17,557	18,442	14,325	12,956	-	-
Enterprise Value (EV) ¹	23,762	21,496	22,996	24,157	20,382	19,283	19,219	19,142
P/E ratio	-	26.7 x	19 x	23.5 x	14.2 x	14.8 x	13.2 x	12.3 x
Yield	3.96%	4.51%	4.1%	3.86%	4.91%	5.69%	5.81%	5.49%
Capitalization / Revenue	1.97 x	1.28 x	1.37 x	1.27 x	0.97 x	0.92 x	0.89 x	0.88 x
EV / Revenue	2.51 x	1.72 x	1.79 x	1.66 x	1.39 x	1.37 x	1.33 x	1.29 x
EV / EBITDA	17 x	11.2 x	11.3 x	11.4 x	10.1 x	9.78 x	9.3 x	8.99 x
EV / FCF	53.5 x	21.8 x	23.2 x	24.2 x	27.7 x	22.7 x	20.7 x	19.8 x
FCF Yield	1.87%	4.58%	4.32%	4.14%	3.61%	4.4%	4.83%	5.06%
Price to Book	-	3.49 x	3.7 x	4.53 x	3.61 x	3.24 x	3.26 x	3.31 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	8.970	8.970	8.970
Announcement Date	19-08-20	20-08-18	21-08-17	22-08-17	23-08-16	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	9,458	12,468	12,861	14,544	14,694	14,048	14,483	14,802
EBITDA ¹	1,394	1,913	2,028	2,117	2,018	1,972	2,067	2,130
EBIT ¹	1,075	1,497	1,621	1,701	1,608	1,546	1,625	1,668
Operating Margin	11.37%	12.01%	12.6%	11.7%	10.94%	11.01%	11.22%	11.27%
Earnings before Tax (EBT) ¹	604.1	825	1,193	1,115	1,251	1,078	1,212	1,295
Net income ¹	430.2	612	939	805	1,048	828.5	944.1	977.3
Net margin	4.55%	4.91%	7.3%	5.53%	7.13%	5.9%	6.52%	6.6%
EPS ²	-	0.3820	0.6020	0.5290	0.7050	0.6057	0.6778	0.7303
Free Cash Flow ¹	444	984	993	999	735	847.9	928.5	968.6
FCF margin	4.69%	7.89%	7.72%	6.87%	5%	6.04%	6.41%	6.54%
FCF Conversion (EBITDA)	31.85%	51.44%	48.96%	47.19%	36.42%	43%	44.92%	45.47%
FCF Conversion (Net income)	103.21%	160.78%	105.75%	124.1%	70.13%	102.34%	98.35%	99.11%
Dividend per Share ²	0.4550	0.4600	0.4700	0.4800	0.4900	0.5106	0.5207	0.4929
Announcement Date	19-08-20	20-08-18	21-08-17	22-08-17	23-08-16	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juni	2020 S1	2020 S2	2021 S1	2021 S2	2022 Q1	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
Net sales ¹	6,184	6,284	6,200	6,661	3,420	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	3,494	3,675	7,368	3,588	3,459	3,698
EBITDA ¹	911	1,002	948	1,080	486	490	976	531	609	1,140	494	500	994	484	540	1,024	459	454	913	485.4	560.5	1,025	503.2	502.4	533.5
EBIT ¹	699	798	743	878	381	388	769	427	505	932	392	399	791	382	436	817	358	352	709	381.1	452	819.8	372.4	383.1	-
Operating Margin	11.3%	12.7%	11.98%	13.18%	11.14%	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%	10.91%	12.3%	11.13%	10.38%	11.08%	-
Earnings before Tax (EBT) ¹	-	-	-	-	266	290	-	343	216	-	292	494	-	213	252	-	194	165	-	265.2	328.1	-	277.2	276.4	307.4
Net income ¹	252	-	417	522	202	225	427	269	109	-	232	459	-	177	181	358	152	134	286	203	258.4	-	216.5	215.8	240.4
Net margin	4.08%	-	6.73%	7.84%	5.91%	6.42%	6.16%	7.25%	2.79%	-	6.25%	12.6%	-	4.83%	4.93%	4.88%	4.41%	4.12%	4.27%	5.81%	7.03%	-	6.03%	6.24%	6.5%
EPS ²	-	-	-	-	-	0.1480	-	0.1780	0.0730	-	0.1550	0.3070	-	0.1190	0.1230	-	0.1050	0.0920	-	0.1450	0.1800	-	0.1500	0.1500	0.1700
Dividend per Share ²	-	-	-	-	0.1200	0.1200	-	0.1200	0.1200	-	0.1225	-	-	0.1225	-	-	-	-	-	0.1275	0.1275	-	0.1300	0.1300	0.1300
Announcement Date	20-02-11	20-08-18	21-02-02	21-08-17	21-11-02	22-02-01	22-02-01	22-05-03	22-08-17	22-08-17	22-11-01	23-02-07	23-02-07	23-05-02	23-08-16	23-08-16	23-10-31	24-02-06	24-02-06	-	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: Juni	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	5,108	5,491	5,439	5,715	6,057	6,327	6,264	6,187
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.664 x	2.87 x	2.682 x	2.7 x	3.001 x	3.209 x	3.03 x	2.904 x
Free Cash Flow ¹	444	984	993	999	735	848	928	969
ROE (net income / shareholders' equity)	22.9%	19.8%	24.4%	27.7%	26.5%	24.2%	25%	25.6%
ROA (Net income/ Total Assets)	5.56%	3.64%	5.58%	7.07%	6.33%	6.85%	7.14%	7.25%
Assets ¹	7,732	16,813	16,815	11,382	16,566	12,100	13,217	13,489
Book Value Per Share ²	-	2.930	3.100	2.750	2.760	2.770	2.750	2.710
Cash Flow per Share ²	-	0.8600	0.9400	1.010	0.8700	0.9800	1.250	-
Capex ¹	332	400	468	527	526	524	536	534
Capex / Sales	3.51%	3.21%	3.64%	3.62%	3.58%	3.73%	3.7%	3.61%
Announcement Date	19-08-20	20-08-18	21-08-17	22-08-17	23-08-16	-	-	-

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

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

8.97 USD

Average target price

10.75 USD

Spread / Average Target

+19.87%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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