Company Valuation: Ball Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 31,181 16,054 18,136 16,452 14,195 16,615 - -
Change - -48.51% 12.97% -9.28% -13.72% 17.05% - -
Enterprise Value (EV) 1 38,355 24,454 26,010 21,240 19,995 22,316 22,055 21,708
Change - -36.24% 6.36% -18.34% -5.86% 11.6% -1.17% -1.57%
P/E 36.3x 22.7x 25.8x 4.24x 16.1x 17.9x 15.3x 13.6x
PBR 8.52x 4.64x 4.82x 2.72x 2.7x 2.92x 2.68x 2.41x
PEG - -1.5x -29.03x 0x -0.2x 2.88x 0.9x 1.1x
Capitalization / Revenue 2.26x 1.05x 1.29x 1.39x 1.08x 1.11x 1.07x 1.04x
EV / Revenue 2.78x 1.59x 1.85x 1.8x 1.52x 1.5x 1.42x 1.36x
EV / EBITDA 18x 12.5x 12.3x 10.9x 9.8x 10.3x 9.67x 9x
EV / EBIT 24.2x 17.2x 16.7x 14.4x 12.9x 13.6x 12.5x 11.5x
EV / FCF 1,128x -18.1x 31.8x -57.6x 25.4x 22.5x 20.4x 18.4x
FCF Yield 0.09% -5.52% 3.14% -1.74% 3.94% 4.44% 4.89% 5.44%
Dividend per Share 2 0.7 0.8 0.8 0.8 0.8 0.7996 0.8348 0.9
Rate of return 0.73% 1.56% 1.39% 1.45% 1.51% 1.27% 1.33% 1.43%
EPS 2 2.65 2.25 2.23 13 3.3 3.505 4.098 4.627
Distribution rate 26.4% 35.6% 35.9% 6.15% 24.2% 22.8% 20.4% 19.5%
Net sales 1 13,811 15,349 14,029 11,795 13,161 14,925 15,548 15,924
EBITDA 1 2,133 1,957 2,112 1,944 2,041 2,158 2,281 2,412
EBIT 1 1,585 1,420 1,561 1,472 1,554 1,646 1,768 1,889
Net income 1 878 719 707 4,008 912 926.6 1,046 1,154
Net Debt 1 7,174 8,400 7,874 4,788 5,800 5,700 5,439 5,093
Reference price 2 96.27 51.14 57.52 55.13 52.97 62.77 62.77 62.77
Nbr of stocks (in thousands) 323,894 313,920 315,301 298,426 267,987 264,703 - -
Announcement Date 1/27/22 2/2/23 2/1/24 2/4/25 2/3/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.91x1.5x10.34x1.27% 16.62B
18.18x1.77x10.8x2.29% 13.12B
15.7x1.29x8.4x1.2% 12.54B
17.66x2.11x10.03x1.58% 11.19B
30.63x1.13x8.44x2.65% 9.34B
13.03x1.04x7.14x2.03% 4.38B
14.75x - - 2.7% 4.32B
16.65x2.19x9.6x5.73% 3.05B
Average 18.06x 1.58x 9.25x 2.43% 9.32B
Weighted average by Cap. 18.62x 1.56x 9.55x 1.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield