One-glance verdict
Within fair range
$45.66 our estimate vs market $47.39
Wall Street consensus: $50.07 (9.7% higher than our fair-value estimate)
4% above our estimate
Fundamentals snapshot
Amcor plc
AMCR · NYQ · Consumer Cyclical · Packaging & Containers
Current price
$47.39
52-week range
$36.25 - $50.94
Market cap
$21.89B
Balance sheet
Stretched
3.25x Stretched
Net debt $14.02B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 362.5% last year.
- Reward Returns 9.4% on equity, ahead of 25% of its peers.
- Risk Net debt grew 110.9% over 3 years.
- Risk Insider ownership is only 0.3% (peer median: 0.6%).
What this company does
Amcor plc
Amcor designs and makes packaging for everyday items like food and medicine. Most of their money comes from selling this packaging worldwide, which is important because they are a big player in keeping products safe and fresh for us.
How the company got here
Amcor's story began in the 1860s in Australia with paper milling businesses. Over time, it expanded and diversified into various packaging types. A significant turning point was in 1986 when the company officially changed its name to Amcor Limited, reflecting its broader focus beyond just paper. The company has since grown through strategic acquisitions, notably in the early 2000s and 2010s, to become a global leader in packaging solutions. Today, Amcor is headquartered in Switzerland and is a multinational corporation with a presence in numerous countries.
What it actually does
Amcor creates and produces a wide range of packaging solutions for everyday products. Think of the containers for your favorite snacks, beverages, or personal care items, and the specialized packaging for medicines. They develop materials like flexible films and rigid containers that protect products, keep them fresh, and make them easy for consumers to use. Amcor works with many well-known brands to ensure their products reach consumers safely and attractively.
Global Flexible Packaging Solutions
This is Amcor's largest business segment, focusing on creating flexible packaging. This includes things like the pouches for chips and coffee, the wrappers for candy bars, and the bags used for pet food. They also produce films and laminates used in various applications, including for food, healthcare, and personal care products. This segment is crucial for keeping many consumer goods fresh and appealing on store shelves.
Global Rigid Packaging Solutions
This segment is responsible for making rigid packaging, which means containers that hold their shape. This includes plastic bottles for beverages like water and soda, jars for sauces and spreads, and tubs for yogurt or ice cream. They also produce closures, like the caps on bottles and jars. This part of Amcor's business is vital for products that need a sturdy container to maintain their form and protect their contents.
What management is betting on now
Amcor's main focus is on being a leader in responsible packaging. This means developing packaging that is not only functional but also more sustainable, aiming for solutions that are recyclable or reusable. They are investing in innovation to create better products that reduce environmental impact, such as using more recycled materials and designing lighter-weight packaging. The company is also concentrating on categories with strong growth potential and building close relationships with major global customers.
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q1
$-414.00M
FY2025 Q2
$330.00M
FY2025 Q3
$0.00
FY2025 Q4
$894.00M
FY2026 Q1
$-371.00M
FY2026 Q2
$282.00M
FY2026 Q3
$-42.00M
FY2026 Q4
$1.36B
Revenue
$6.40B
Net income
$389.00M
Diluted EPS
1.29
Operating cash flow
$1.59B
Free cash flow
$1.36B
Fetching…
Sources
Revenue
$5.91B
Net income
$278.00M
Diluted EPS
0.60
Operating cash flow
$186.00M
Free cash flow
$-42.00M
Fetching…
Sources
Revenue
$5.45B
Net income
$177.00M
Diluted EPS
0.38
Operating cash flow
$503.00M
Free cash flow
$282.00M
Fetching…
Sources
Revenue
$5.75B
Net income
$262.00M
Diluted EPS
0.11
Operating cash flow
$-133.00M
Free cash flow
$-371.00M
Fetching…
Sources
Revenue
$5.08B
Net income
$-39.00M
Diluted EPS
-0.06
Operating cash flow
$1.11B
Free cash flow
$894.00M
Fetching…
Sources
Revenue
$3.33B
Net income
$196.00M
Diluted EPS
0.14
Operating cash flow
$117.00M
Free cash flow
$0.00
Fetching…
Sources
Revenue
$3.24B
Net income
$163.00M
Diluted EPS
0.11
Operating cash flow
$428.00M
Free cash flow
$330.00M
Fetching…
Sources
Revenue
$3.35B
Net income
$191.00M
Diluted EPS
0.13
Operating cash flow
$-269.00M
Free cash flow
$-414.00M
Fetching…
Sources
Is it cheap or expensive?
Fair value $45.66 vs current price $47.39
Wall Street consensus is the average analyst price target: $50.07 (9.7% higher than our fair-value estimate).
Our most-likely fair value is $45.66 a share — about 3.7% away from today's price of $47.39, so the stock currently looks fairly priced.
Is it drowning in debt?
Stretched
Net debt $14.0B. Interest coverage 3.2x.
Net debt
$14.02B
Interest coverage
3.25x
Amcor plc's profit covers its interest bill about 3.2 times over. and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Stretched
Worse cushion
Baseline
Better cushion
AMCR
BASELINE
Amcor plc
Total debt $15.14B Interest coverage 3.25x This is the baseline the peer rows are being compared against.
Total debt $4.40B Interest coverage 15.87x +388% vs AMCR Carries about 4.9x more debt cushion than AMCR.
Total debt $10.14B Interest coverage -0.02x -100% vs AMCR This peer has almost no interest-payment cushion compared with AMCR.
Total debt $7.58B Interest coverage 4.43x +36% vs AMCR Carries about 1.4x more debt cushion than AMCR.
Total debt $6.06B Interest coverage 4.11x +26% vs AMCR Carries about 1.3x more debt cushion than AMCR.
What you should know
The case for and against AMCR
3 Rewards
2 Risks
Rewards
-
Revenue grew 362.5% last year.
-
Returns 9.4% on equity, ahead of 25% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
-
Net debt grew 110.9% over 3 years.
-
Insider ownership is only 0.3% (peer median: 0.6%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
19.91x
Forward P/E
10.95x
P/B
1.86x
P/S
0.93x
EV/EBITDA
10.16x
PEG ratio
1.06x
Profitability
How much profit each dollar creates
Gross margin
20.0%
Operating margin
9.7%
Net margin
4.7%
ROE
9.4%
ROA
3.6%
Health
Liquidity and balance-sheet strength
Debt / equity
1.28x
Current ratio
1.25x
Quick ratio
0.64x
Total debt
$15.14B
Total cash
$1.12B
Growth
How the business has been compounding
Revenue TTM
$23.51B
Revenue 5Y CAGR
12.8%
EPS TTM
2.38
EPS 5Y CAGR
-12.3%
Cash flow
How much cash the business throws off
Operating CF TTM
$2.15B
Free CF TTM
$1.23B
FCF margin
5.2%
Dividend
Shareholder payout
Yield
5.5%
Payout ratio
108.7%
Last ex-div date
2026-09-04