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Amcor

ASX:AMC
Snowflake Description

Average dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AMC
ASX
A$17B
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. The last earnings update was 39 days ago. More info.


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AMC Share Price and Events
7 Day Returns
1.1%
ASX:AMC
-0.1%
Global Packaging
0.1%
AU Market
1 Year Returns
6.6%
ASX:AMC
-7.4%
Global Packaging
1.6%
AU Market
AMC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Amcor (AMC) 1.1% 0.9% 15% 6.6% 3.7% 43.3%
Global Packaging -0.1% 0.2% 14.7% -7.4% 18% 36.3%
AU Market 0.1% 0.7% 11.2% 1.6% 18.7% 5.1%
1 Year Return vs Industry and Market
  • AMC outperformed the Packaging industry which returned -7.4% over the past year.
  • AMC outperformed the Market in Australia which returned 1.6% over the past year.
Price Volatility
AMC
Industry
5yr Volatility vs Market

AMC Value

 Is Amcor undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Amcor to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Amcor.

ASX:AMC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:AMC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Packaging Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.867 (1 + (1- 30%) (36.78%))
1.06
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.06 * 5.96%)
8.63%

Discounted Cash Flow Calculation for ASX:AMC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Amcor is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:AMC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.63%)
2019 829.00 Analyst x5 763.13
2020 818.88 Analyst x4 693.91
2021 864.53 Analyst x3 674.39
2022 903.38 Est @ 4.49% 648.69
2023 938.06 Est @ 3.84% 620.07
2024 969.77 Est @ 3.38% 590.10
2025 999.45 Est @ 3.06% 559.83
2026 1,027.79 Est @ 2.84% 529.96
2027 1,055.32 Est @ 2.68% 500.92
2028 1,082.43 Est @ 2.57% 472.96
Present value of next 10 years cash flows $6,053.95
ASX:AMC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,082.43 × (1 + 2.31%) ÷ (8.63% – 2.31%)
$17,523.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $17,523.09 ÷ (1 + 8.63%)10
$7,656.57
ASX:AMC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,053.95 + $7,656.57
$13,710.52
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $13,710.52 / 1,157.06
$11.85
ASX:AMC Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:AMC)
1.41
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $11.85 x 1.41
A$16.71
Value per share (AUD) From above. A$16.71
Current discount Discount to share price of A$14.99
= -1 x (A$14.99 - A$16.71) / A$16.71
10.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Amcor is available for.
Intrinsic value
10%
Share price is A$14.99 vs Future cash flow value of A$16.71
Current Discount Checks
For Amcor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Amcor's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Amcor's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Amcor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Amcor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:AMC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.57
ASX:AMC Share Price ** ASX (2019-03-21) in AUD A$14.99
ASX:AMC Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.709 $10.63
Global Packaging Industry PE Ratio Median Figure of 120 Publicly-Listed Packaging Companies 14.49x
Australia Market PE Ratio Median Figure of 543 Publicly-Listed Companies 16.2x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Amcor.

ASX:AMC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:AMC Share Price ÷ EPS (both in USD)

= 10.63 ÷ 0.57

18.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amcor is overvalued based on earnings compared to the Global Packaging industry average.
  • Amcor is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Amcor's expected growth come at a high price?
Raw Data
ASX:AMC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
12.3%per year
Global Packaging Industry PEG Ratio Median Figure of 46 Publicly-Listed Packaging Companies 1.55x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

ASX:AMC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.6x ÷ 12.3%

1.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amcor is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Amcor's assets?
Raw Data
ASX:AMC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.86
ASX:AMC Share Price * ASX (2019-03-21) in AUD A$14.99
ASX:AMC Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.709 $10.63
Global Packaging Industry PB Ratio Median Figure of 156 Publicly-Listed Packaging Companies 1.48x
Australia Market PB Ratio Median Figure of 1,668 Publicly-Listed Companies 1.67x
ASX:AMC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:AMC Share Price ÷ Book Value per Share (both in USD)

= 10.63 ÷ 0.86

12.38x

* Primary Listing of Amcor.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amcor is overvalued based on assets compared to the Global Packaging industry average.
X
Value checks
We assess Amcor's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Packaging industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Packaging industry average (and greater than 0)? (1 check)
  5. Amcor has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AMC Future Performance

 How is Amcor expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Amcor expected to grow at an attractive rate?
  • Amcor's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Amcor's earnings growth is expected to exceed the Australia market average.
  • Amcor's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:AMC Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:AMC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 12.3%
ASX:AMC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 2.6%
Global Packaging Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
Global Packaging Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:AMC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:AMC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 10,575 2
2022-06-30 10,297 2
2021-06-30 9,955 1,249 864 5
2020-06-30 9,750 1,160 796 7
2019-06-30 9,499 1,109 680 10
ASX:AMC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 9,369 988 662
2018-09-30 9,344 963 693
2018-06-30 9,319 937 724
2018-03-31 9,228 964 682
2017-12-31 9,136 991 640
2017-09-30 9,118 1,009 619
2017-06-30 9,101 1,027 597
2017-03-31 9,221 1,039 411
2016-12-31 9,341 1,051 225
2016-09-30 9,381 1,075 235
2016-06-30 9,421 1,099 244
2016-03-31 9,386 1,080 454

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Amcor's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
  • Amcor's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:AMC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Amcor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AMC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.72 0.72 0.72 1.00
2022-06-30 0.71 0.71 0.71 1.00
2021-06-30 0.75 0.80 0.68 4.00
2020-06-30 0.69 0.72 0.66 5.00
2019-06-30 0.59 0.67 0.46 6.00
ASX:AMC Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.57
2018-09-30 0.60
2018-06-30 0.63
2018-03-31 0.59
2017-12-31 0.55
2017-09-30 0.53
2017-06-30 0.52
2017-03-31 0.36
2016-12-31 0.19
2016-09-30 0.20
2016-06-30 0.21
2016-03-31 0.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Amcor is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Amcor's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Amcor has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AMC Past Performance

  How has Amcor performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Amcor's growth in the last year to its industry (Packaging).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Amcor's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Amcor's 1-year earnings growth exceeds its 5-year average (3.4% vs -1.2%)
  • Amcor's earnings growth has exceeded the Global Packaging industry average in the past year (3.4% vs 1.7%).
Earnings and Revenue History
Amcor's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Amcor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AMC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 9,368.70 661.90 877.90 59.80
2018-09-30 9,343.90 692.95 848.15 62.65
2018-06-30 9,319.10 724.00 818.40 65.50
2018-03-31 9,227.50 682.05 787.75 68.60
2017-12-31 9,135.90 640.10 757.10 71.70
2017-09-30 9,118.45 618.55 799.35 70.40
2017-06-30 9,101.00 597.00 841.60 69.10
2017-03-31 9,220.95 411.10 913.40 68.15
2016-12-31 9,340.90 225.20 985.20 67.20
2016-09-30 9,381.10 234.65 969.40 67.30
2016-06-30 9,421.30 244.10 953.60 67.40
2016-03-31 9,385.90 454.30 952.45 65.60
2015-12-31 9,350.50 664.50 951.30 63.80
2015-09-30 9,481.15 672.40 947.55 63.35
2015-06-30 9,611.80 680.30 943.80 62.90
2015-03-31 9,794.45 689.15 928.50 65.55
2014-12-31 9,977.10 698.00 913.20 68.20
2014-09-30 9,970.80 687.90 889.75 68.95
2014-06-30 9,964.50 677.80 866.30 69.70
2014-03-31 9,734.92 641.32 853.14 67.68
2013-12-31 9,216.20 587.11 805.60 63.61
2013-09-30 9,141.10 575.38 803.87 63.32
2013-06-30 8,683.85 539.39 767.61 60.42
2013-03-31 11,233.72 577.05 1,009.99 68.44
2012-12-31 11,058.92 495.35 1,046.15 68.21
2012-09-30 11,851.78 461.58 1,199.95 69.42
2012-06-30 12,480.58 422.33 1,336.10 69.71
2012-03-31 12,709.42 387.84 1,402.30 79.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Amcor made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Amcor used its assets more efficiently than the Global Packaging industry average last year based on Return on Assets.
  • Amcor's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Amcor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Packaging industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Amcor has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AMC Health

 How is Amcor's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Amcor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Amcor's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Amcor's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Amcor's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Amcor Company Filings, last reported 2 months ago.

ASX:AMC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,057.50 4,514.20 490.60
2018-09-30 1,057.50 4,514.20 490.60
2018-06-30 1,090.50 4,494.30 620.80
2018-03-31 1,090.50 4,494.30 620.80
2017-12-31 957.90 4,773.20 419.90
2017-09-30 957.90 4,773.20 419.90
2017-06-30 869.70 4,611.00 561.50
2017-03-31 869.70 4,611.00 561.50
2016-12-31 842.10 4,671.80 386.60
2016-09-30 842.10 4,671.80 386.60
2016-06-30 845.50 4,345.10 515.70
2016-03-31 845.50 4,345.10 515.70
2015-12-31 1,219.20 4,012.60 488.90
2015-09-30 1,219.20 4,012.60 488.90
2015-06-30 1,587.00 3,585.30 704.90
2015-03-31 1,587.00 3,585.30 704.90
2014-12-31 2,005.40 3,460.60 404.50
2014-09-30 2,005.40 3,460.60 404.50
2014-06-30 2,139.10 3,523.10 509.70
2014-03-31 2,105.70 3,468.08 501.69
2013-12-31 2,086.48 3,799.67 372.49
2013-09-30 2,180.68 3,971.21 389.31
2013-06-30 3,390.67 4,004.94 361.51
2013-03-31 3,852.09 4,553.53 411.03
2012-12-31 3,550.95 4,291.96 373.46
2012-09-30 3,548.74 4,289.29 373.23
2012-06-30 3,459.34 4,000.41 366.04
2012-03-31 3,504.17 4,052.26 370.78
  • Amcor's level of debt (426.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (181.9% vs 426.9% today).
  • Debt is well covered by operating cash flow (21.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess Amcor's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Amcor has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AMC Dividends

 What is Amcor's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.28%
Current annual income from Amcor dividends. Estimated to be 4.79% next year.
If you bought A$2,000 of Amcor shares you are expected to receive A$86 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Amcor's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.63%).
  • Amcor's dividend is below the markets top 25% of dividend payers in Australia (5.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:AMC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Global Packaging Industry Average Dividend Yield Market Cap Weighted Average of 81 Stocks 2.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 418 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:AMC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.60 1.00
2022-06-30 0.57 1.00
2021-06-30 0.53 9.00
2020-06-30 0.51 11.00
2019-06-30 0.48 11.00
ASX:AMC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-11 0.455 4.319
2018-08-20 0.450 4.633
2018-02-12 0.445 4.159
2017-08-21 0.430 3.594
2017-02-13 0.415 3.538
2016-08-24 0.410 3.661
2015-08-24 0.363 3.763
2015-02-16 0.344 3.410
2014-08-20 0.332 3.564
2014-08-18 0.400 4.006
2013-09-18 0.357 3.909
2013-08-19 0.365 3.860
2013-02-18 0.347 3.969
2012-09-19 0.387 4.727
2012-08-21 0.387 5.042
2012-08-20 0.397 4.942
2012-02-20 0.348 4.902
2011-08-22 0.340 5.146
2011-02-28 0.334 4.865
2010-08-26 0.262 4.417
2010-02-23 0.204 3.925
2009-08-20 0.281 5.867
2009-03-23 0.231 6.912

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Amcor's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Amcor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Amcor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Amcor has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AMC Management

 What is the CEO of Amcor's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ron Delia
COMPENSATION $5,626,653
TENURE AS CEO 3.9 years
CEO Bio

Mr. Ron S. Delia, BSc (Marketing), MBA has been Chief Executive Officer and Managing Director of Amcor Limited since April 17, 2015. Mr. Delia joined Amcor in 2005. Mr. Delia served as the Chief Financial Officer and Executive Vice President of Finance at Amcor Limited from February 1, 2010 to 2015 and served as its General Manager of Rigid Plastics for Central & South America. He served as Vice President and General Manager of Amcor Rigid Plastics Latin America from 2008 to 2011 based in Miami; Executive Vice President of Corporate Operations at Amcor Ltd. from 2005 to 2008. Mr. Delia served as an Executive General Manager of Operations Development at Amcor Ltd. since September 21, 2005. He served as the Chief Financial Officer and Executive Vice President of Finance of Orora Limited. Mr. Delia has an extensive background working with global manufacturing and packaging businesses since he joined McKinsey in 2000. Prior to joining McKinsey, he held a Senior Management role in a business that is now part of Alcan Packaging. Prior to joining Amcor, Mr. Delia was an Associate Principal of McKinsey & Company based in New York and also held senior commercial roles in American National Can Co., based in New Jersey. He has been a Director of Amcor Limited since April 2015.

CEO Compensation
  • Ron's compensation has been consistent with company performance over the past year.
  • Ron's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure and age of the Amcor management team in years:

3.5
Average Tenure
55.5
Average Age
  • The tenure for the Amcor management team is about average.
Management Team

Ron Delia

TITLE
MD, CEO & Executive Director
COMPENSATION
$6M
TENURE
3.9 yrs

Michael Casamento

TITLE
Executive VP of Finance & CFO
COMPENSATION
$2M
AGE
47
TENURE
3.5 yrs

Ian Wilson

TITLE
Executive Vice President of Strategic Development
COMPENSATION
$2M
AGE
60
TENURE
1.7 yrs

Mike Schmitt

TITLE
Executive Vice President
COMPENSATION
$3M
TENURE
0.3 yrs

Peter Konieczny

TITLE
President of Amcor Flexibles Europe
COMPENSATION
$3M
AGE
52
TENURE
3.7 yrs

Tracey Whitehead

TITLE
Senior VP & Head of Investor Relations
TENURE
2.3 yrs

Julie McPherson

TITLE
Group General Counsel & Company Secretary
TENURE
13.9 yrs

Steve Keogh

TITLE
Executive Vice President of Human Resources
COMPENSATION
$1M

Michael Zacka

TITLE
Chief Commercial Officer & President of Amcor Flexibles Asia Pacific
TENURE
1.7 yrs

Jerzy Czubak

TITLE
President of Amcor Specialty Cartons
COMPENSATION
$1M
AGE
59
TENURE
3.7 yrs
Board of Directors Tenure

Average tenure and age of the Amcor board of directors in years:

5.3
Average Tenure
65
Average Age
  • The tenure for the Amcor board of directors is about average.
Board of Directors

Graeme Liebelt

TITLE
Independent Non-Executive Chairman
COMPENSATION
$502K
AGE
64
TENURE
5.3 yrs

Ron Delia

TITLE
MD, CEO & Executive Director
COMPENSATION
$6M
TENURE
4.2 yrs

Armin Meyer

TITLE
Deputy Chairman of the Board
COMPENSATION
$252K
AGE
69
TENURE
5.3 yrs

Billy Chan

TITLE
Chairman of AMVIG
COMPENSATION
$1M
AGE
67
TENURE
12.9 yrs

Paul Brasher

TITLE
Independent Non-Executive Director
COMPENSATION
$222K
AGE
68
TENURE
5.2 yrs

Jeremy Sutcliffe

TITLE
Independent Non-Executive Director
COMPENSATION
$197K
AGE
60
TENURE
9.4 yrs

Karen Guerra

TITLE
Independent Non-Executive Director
COMPENSATION
$198K
AGE
62
TENURE
8.9 yrs

Eva Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
$198K
AGE
66
TENURE
4.8 yrs

Tom Long

TITLE
Independent Non-Executive Director
COMPENSATION
$196K
AGE
59
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
08. Nov 18 Buy Graeme Liebelt Individual 07. Nov 18 07. Nov 18 30,075 A$13.32 A$400,539
11. Sep 18 Buy Paul Brasher Individual 10. Sep 18 10. Sep 18 7,000 A$13.96 A$97,720
14. Jun 18 Buy The Vanguard Group, Inc. Company 14. Feb 18 12. Jun 18 1,341,858 A$14.33 A$19,228,825
14. Jun 18 Sell The Vanguard Group, Inc. Company 13. Feb 18 07. Jun 18 -908,550 A$14.49 A$-13,053,099
24. May 18 Buy Li Kam Cheng Individual 23. May 18 23. May 18 10,000 A$13.76 A$137,600
14. May 18 Buy Invesco Ltd. Company 11. Jan 18 09. May 18 5,019,526 A$13.80 A$69,287,336
08. May 18 Buy Ronald Barton Individual 07. May 18 07. May 18 10,000 A$13.30 A$133,000
04. May 18 Buy Ron Delia Individual 04. May 18 04. May 18 15,000 A$13.39 A$200,850
X
Management checks
We assess Amcor's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Amcor has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AMC News

Simply Wall St News

How Much is Amcor Limited's (ASX:AMC) CEO Getting Paid?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Ron Delia's Compensation Compare With Similar Sized Companies. … Our data indicates that Amcor Limited is worth AU$17b, and total annual CEO compensation is US$5.6m.

Simply Wall St -

Should We Be Delighted With Amcor Limited's (ASX:AMC) ROE Of 64%?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every A$1 worth of equity in the company, it was able to earn A$0.64. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Amcor Limited (ASX:AMC): What We Can Expect From This Growth Stock

Want to participate in a short research study? … Help shape the future of investing tools and receive a $20 prize! … After Amcor Limited's (ASX:AMC) earnings announcement on 31 December 2018,

Simply Wall St -

What Should We Expect From Amcor Limited's (ASX:AMC) Earnings In The Years Ahead?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … In June 2018, Amcor Limited (ASX:AMC) announced its most recent earnings update, whicha

Simply Wall St -

Amcor Limited (ASX:AMC) Earns A Nice Return On Capital Employed

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Why Amcor Limited (ASX:AMC) Is An Attractive Investment To Consider

Attractive stocks have exceptional fundamentals. … In the case of Amcor Limited (ASX:AMC), there's … dividend-paying company

Simply Wall St -

Who Has Been Buying Amcor Limited (ASX:AMC) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Amcor Limited (ASX:AMC). … Amcor Insider Transactions Over The Last Year.

Simply Wall St -

Should Amcor Limited (ASX:AMC) Be Part Of Your Portfolio?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Amcor Limited (ASX:AMC) has paid a dividend to shareholders. … 5 questions I ask before picking a dividend stock

Simply Wall St -

Could Amcor Limited's (ASX:AMC) Investor Composition Influence The Stock Price?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned. … institutions own shares in the company.

Simply Wall St -

Estimating The Intrinsic Value Of Amcor Limited (ASX:AMC)

by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

AMC Company Info

Description

Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.

Details
Name: Amcor Limited
AMC
Exchange: ASX
Founded: 1926
A$17,309,572,720
1,157,057,000
Website: http://www.amcor.com
Address: Amcor Limited
60 City Road,
Level 11,
Southbank,
Victoria, 3006,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AMC Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK AMCR.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB AXZA Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA AMC Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
OTCPK AMCR.Y ADR NEW Pink Sheets LLC US USD 11. Jan 1993
Number of employees
Current staff
Staff numbers
0
Amcor employees.
Industry
Paper Packaging
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 10:32
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/02/10
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.