Executive Summary
Amcor plc develops, manufactures, and sells various packaging products for food, beverage, pharmaceutical, medical, home and personal care, and other consumer goods end markets worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Mediocre balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Amcor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AMC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
10.5%
AMC
9.5%
AU Packaging
0.3%
AU Market
1 Year Return
-16.1%
AMC
-17.4%
AU Packaging
-22.9%
AU Market
Return vs Industry: AMC exceeded the Australian Packaging industry which returned -17.4% over the past year.
Return vs Market: AMC exceeded the Australian Market which returned -22.9% over the past year.
Shareholder returns
| AMC | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.5% | 9.5% | 0.3% |
| 30 Day | -9.8% | -12.3% | -25.3% |
| 90 Day | -16.5% | -20.2% | -29.9% |
| 1 Year | -12.1%-16.1% | -15.3%-17.4% | -19.4%-22.9% |
| 3 Year | -2.2%-13.8% | -11.9%-18.1% | -8.3%-20.8% |
| 5 Year | 12.3%-8.3% | -0.6%-12.7% | 2.9%-20.3% |
Price Volatility Vs. Market
How volatile is Amcor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
We Think Amcor (ASX:AMC) Is Taking Some Risk With Its Debt1 week ago | Simply Wall St
MD, CEO & Executive Director Ronald Delia Just Bought Shares In Amcor plc (ASX:AMC)2 weeks ago | Simply Wall St
What Kind Of Investor Owns Most Of Amcor plc (ASX:AMC)?Valuation
Is Amcor undervalued compared to its fair value and its price relative to the market?
33.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AMC (A$13) is trading below our estimate of fair value (A$19.62)
Significantly Below Fair Value: AMC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AMC is poor value based on its PE Ratio (24.9x) compared to the Packaging industry average (11.5x).
PE vs Market: AMC is poor value based on its PE Ratio (24.9x) compared to the Australian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: AMC is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: AMC is overvalued based on its PB Ratio (2.4x) compared to the XX Packaging industry average (0.8x).
Next Steps
Future Growth
How is Amcor forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
17.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AMC's forecast earnings growth (17% per year) is above the savings rate (1.1%).
Earnings vs Market: AMC's earnings (17% per year) are forecast to grow faster than the Australian market (9.7% per year).
High Growth Earnings: AMC's earnings are forecast to grow, but not significantly.
Revenue vs Market: AMC's revenue (2% per year) is forecast to grow slower than the Australian market (4% per year).
High Growth Revenue: AMC's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AMC's Return on Equity is forecast to be low in 3 years time (19.7%).
Next Steps
Past Performance
How has Amcor performed over the past 5 years?
-5.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AMC has high quality earnings.
Growing Profit Margin: AMC's current net profit margins (4.1%) are lower than last year (5.7%).
Past Earnings Growth Analysis
Earnings Trend: AMC's earnings have declined by -5.9% per year over the past 5 years.
Accelerating Growth: AMC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AMC had negative earnings growth (-15.6%) over the past year, making it difficult to compare to the Packaging industry average (10.6%).
Return on Equity
High ROE: AMC's Return on Equity (8.5%) is considered low.
Next Steps
Financial Health
How is Amcor's financial position?
Financial Position Analysis
Short Term Liabilities: AMC's short term assets ($4.7B) exceed its short term liabilities ($3.8B).
Long Term Liabilities: AMC's short term assets ($4.7B) do not cover its long term liabilities ($7.7B).
Debt to Equity History and Analysis
Debt Level: AMC's debt to equity ratio (114.9%) is considered high.
Reducing Debt: AMC's debt to equity ratio has reduced from 172.7% to 114.9% over the past 5 years.
Debt Coverage: AMC's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: AMC's interest payments on its debt are well covered by EBIT (5.1x coverage).
Balance Sheet
Inventory Level: AMC has a high level of physical assets or inventory.
Debt Coverage by Assets: AMC's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Amcor's current dividend yield, its reliability and sustainability?
5.77%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AMC's dividend (5.77%) is higher than the bottom 25% of dividend payers in the Australian market (3.35%).
High Dividend: AMC's dividend (5.77%) is low compared to the top 25% of dividend payers in the Australian market (8.5%).
Stability and Growth of Payments
Stable Dividend: AMC's dividend payments have been volatile in the past 10 years.
Growing Dividend: AMC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (147.1%), AMC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AMC's dividends in 3 years are forecast to be covered by earnings (73.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average management tenure
CEO
Ron Delia (48yo)
4.92s
Tenure
US$5,237,557
Compensation
Mr. Ronald Stephen Delia, also known as Ron, BSc (Marketing), MBA serves as Chief Executive Officer and Managing Director of Amcor PLC (formerly, Amcor Limited) since April 17, 2015. Mr. Delia joined Amcor ...
CEO Compensation Analysis
Compensation vs Market: Ron's total compensation ($USD5.24M) is about average for companies of similar size in the Australian market ($USD4.14M).
Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 4.92yrs | US$5.24m | 0.13% $26.5m | |
| Executive VP of Finance & CFO | 4.5yrs | US$2.53m | 0.015% $3.1m | |
| Executive Vice President of Strategic Development | 2.67yrs | US$2.04m | 0.026% $5.2m | |
| President of Flexibles Europe | no data | US$1.74m | 0.022% $4.4m | |
| Executive Vice President | 1.33yrs | US$1.74m | 0.016% $3.2m | |
| President of Amcor Rigid Plastics | 2.17yrs | US$1.61m | 0.0070% $1.4m | |
| VP & Chief Accounting Officer | 1.17yrs | no data | no data | |
| Head of Investor Relations | 3.33yrs | no data | no data | |
| Executive VP & General Counsel | 0.75yr | no data | 0.026% $5.2m | |
| Head of Global Communications | no data | no data | no data |
2.4yrs
Average Tenure
53yo
Average Age
Experienced Management: AMC's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 4.92yrs | US$5.24m | 0.13% $26.5m | |
| Independent Non-Executive Director | 0.75yr | US$7.39k | 0.025% $5.0m | |
| Independent Non-Executive Director | 0.75yr | US$7.53k | 0.012% $2.4m | |
| Independent Deputy Chairman of the Board | 6.25yrs | US$234.49k | 0.0063% $1.3m | |
| Independent Non-Executive Director | 0.75yr | US$7.53k | 0.012% $2.5m | |
| Independent Non-Executive Director | 10.42yrs | US$185.16k | 0.0080% $1.6m | |
| Independent Non-Executive Chairman | 6.25yrs | US$466.60k | 0.012% $2.3m | |
| Independent Non-Executive Director | 2.75yrs | US$184.62k | 0.00050% $99.6k | |
| Chairman of AMVIG | 13.92yrs | US$1.22m | no data | |
| Independent Non-Executive Director | 9.92yrs | US$184.35k | 0.0059% $1.2m |
5.7yrs
Average Tenure
64yo
Average Age
Experienced Board: AMC's board of directors are considered experienced (5.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AMC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.4%.
Top Shareholders
Company Information
Amcor plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Amcor plc
- Ticker: AMC
- Exchange: ASX
- Founded:
- Industry: Paper Packaging
- Sector: Materials
- Market Cap: AU$19.927b
- Shares outstanding: 1.59b
- Website: https://www.amcor.com
Number of Employees
Location
- Amcor plc
- Thurgauerstrasse 34
- Zurich
- Zurich
- 8050
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AMC | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| AXZA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| AXZA | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| AMC | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| AMCR.Y | OTCUS (Other "Grey Market" OTC) | ADR NEW | US | USD | Jan 1993 | |
| AMCR | NYSE (New York Stock Exchange) | Ordinary Shares | US | USD | Jun 2019 | |
| 485 | DB (Deutsche Boerse AG) | Ordinary Shares | DE | EUR | Jun 2019 | |
| AMCR N | BMV (Bolsa Mexicana de Valores) | Ordinary Shares | MX | MXN | Jun 2019 |
Biography
Amcor plc develops, manufactures, and sells various packaging products for food, beverage, pharmaceutical, medical, home and personal care, and other consumer goods end markets worldwide. It operates through two segments, Flexible Packaging and Rigid Packaging. The company provides flexible packaging products, rigid containers, specialty cartons, and closures. The company is headquartered in Zürich, Switzerland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 10:37 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.