Amcor
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 Year Returns
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
Related Companies
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Amcor.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Amcor's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Packaging industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Packaging industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Amcor's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Amcor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Amcor's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Packaging industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Amcor Company Filings, last reported 2 months ago.
| 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).
Financial health checks
We assess Amcor's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Amcor has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
Income/ dividend checks
We assess Amcor's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Amcor management team is about average.
Management Team
Ron Delia
MD, CEO & Executive Director
$6M
3.9 yrs
Michael Casamento
Executive VP of Finance & CFO
$2M
47
3.5 yrs
Ian Wilson
Executive Vice President of Strategic Development
$2M
60
1.7 yrs
Mike Schmitt
Executive Vice President
$3M
0.3 yrs
Peter Konieczny
President of Amcor Flexibles Europe
$3M
52
3.7 yrs
Tracey Whitehead
Senior VP & Head of Investor Relations
2.3 yrs
Julie McPherson
Group General Counsel & Company Secretary
13.9 yrs
Steve Keogh
Executive Vice President of Human Resources
$1M
Michael Zacka
Chief Commercial Officer & President of Amcor Flexibles Asia Pacific
1.7 yrs
Jerzy Czubak
President of Amcor Specialty Cartons
$1M
59
3.7 yrs
Board of Directors Tenure
Average tenure and age of the Amcor board of directors in years:
- The tenure for the Amcor board of directors is about average.
Board of Directors
Graeme Liebelt
Independent Non-Executive Chairman
$502K
64
5.3 yrs
Ron Delia
MD, CEO & Executive Director
$6M
4.2 yrs
Armin Meyer
Deputy Chairman of the Board
$252K
69
5.3 yrs
Billy Chan
Chairman of AMVIG
$1M
67
12.9 yrs
Paul Brasher
Independent Non-Executive Director
$222K
68
5.2 yrs
Jeremy Sutcliffe
Independent Non-Executive Director
$197K
60
9.4 yrs
Karen Guerra
Independent Non-Executive Director
$198K
62
8.9 yrs
Eva Cheng
Independent Non-Executive Director
$198K
66
4.8 yrs
Tom Long
Independent Non-Executive Director
$196K
59
1.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | 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 | ||
Management checks
We assess Amcor's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleShould 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 - – Full articleAmcor 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 - – Full articleWhat 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 - – Full articleAmcor 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 - – Full articleWhy 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 - – Full articleWho 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 - – Full articleShould 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 - – Full articleCould 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 - – Full articleEstimating 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 - – Full articleAMC 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
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.
