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ORA

Orora ASX:ORA Stock Report

Last Price

AU$3.08

Market Cap

AU$2.6b

7D

-4.3%

1Y

-1.3%

Updated

26 Sep, 2022

Data

Company Financials +
ORA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health4/6
Dividends3/6

ORA Stock Overview

Orora Limited designs, manufactures, and supplies packaging products and services to the grocery, fast moving consumer goods, and industrial markets in Australia, New Zealand, the United States, and internationally.

Orora Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Orora
Historical stock prices
Current Share PriceAU$3.08
52 Week HighAU$4.02
52 Week LowAU$3.04
Beta0.35
1 Month Change-11.49%
3 Month Change-16.30%
1 Year Change-1.28%
3 Year Change-15.33%
5 Year Change-20.52%
Change since IPO101.97%

Recent News & Updates

Sep 20
If EPS Growth Is Important To You, Orora (ASX:ORA) Presents An Opportunity

If EPS Growth Is Important To You, Orora (ASX:ORA) Presents An Opportunity

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Shareholder Returns

ORAAU PackagingAU Market
7D-4.3%-5.1%-2.7%
1Y-1.3%-23.0%-11.0%

Return vs Industry: ORA exceeded the Australian Packaging industry which returned -23% over the past year.

Return vs Market: ORA exceeded the Australian Market which returned -11% over the past year.

Price Volatility

Is ORA's price volatile compared to industry and market?
ORA volatility
ORA Average Weekly Movement3.5%
Packaging Industry Average Movement4.8%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market4.3%

Stable Share Price: ORA is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ORA's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19494,820Brian Lowehttps://www.ororagroup.com

Orora Limited designs, manufactures, and supplies packaging products and services to the grocery, fast moving consumer goods, and industrial markets in Australia, New Zealand, the United States, and internationally. The company operates through Orora Australasia and Orora North America segments. It also provides glass bottles, aluminum cans, tabs, and ends, closures and caps, boxes and cartons, point-of-purchase displays, packaging equipment, rigid and flexible packaging, and general packaging materials and supplies.

Orora Fundamentals Summary

How do Orora's earnings and revenue compare to its market cap?
ORA fundamental statistics
Market CapAU$2.59b
Earnings (TTM)AU$187.10m
Revenue (TTM)AU$4.09b

13.8x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ORA income statement (TTM)
RevenueAU$4.09b
Cost of RevenueAU$3.32b
Gross ProfitAU$772.80m
Other ExpensesAU$585.70m
EarningsAU$187.10m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.22
Gross Margin18.89%
Net Profit Margin4.57%
Debt/Equity Ratio93.2%

How did ORA perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

76%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ORA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ORA?

Other financial metrics that can be useful for relative valuation.

ORA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA9.8x
PEG Ratio2.8x

Price to Earnings Ratio vs Peers

How does ORA's PE Ratio compare to its peers?

ORA PE Ratio vs Peers
The above table shows the PE ratio for ORA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.4x
PGH Pact Group Holdings
39.7x20.9%AU$483.7m
CRN Coronado Global Resources
1.9x-69.5%AU$2.5b
BKW Brickworks
3.7x-45.5%AU$3.2b
SGM Sims
4.3x-27.5%AU$2.6b
ORA Orora
13.8x5.0%AU$2.6b

Price-To-Earnings vs Peers: ORA is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (12.4x).


Price to Earnings Ratio vs Industry

How does ORA's PE Ratio compare vs other companies in the Global Packaging Industry?

Price-To-Earnings vs Industry: ORA is good value based on its Price-To-Earnings Ratio (13.8x) compared to the Global Packaging industry average (13.9x)


Price to Earnings Ratio vs Fair Ratio

What is ORA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ORA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ratio16.4x

Price-To-Earnings vs Fair Ratio: ORA is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (16.4x).


Share Price vs Fair Value

What is the Fair Price of ORA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ORA (A$3.08) is trading below our estimate of fair value (A$7.86)

Significantly Below Fair Value: ORA is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Orora forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORA's forecast earnings growth (5% per year) is above the savings rate (1.8%).

Earnings vs Market: ORA's earnings (5% per year) are forecast to grow slower than the Australian market (6.7% per year).

High Growth Earnings: ORA's earnings are forecast to grow, but not significantly.

Revenue vs Market: ORA's revenue (2.6% per year) is forecast to grow slower than the Australian market (3.7% per year).

High Growth Revenue: ORA's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ORA's Return on Equity is forecast to be high in 3 years time (24.8%)


Discover growth companies

Past Performance

How has Orora performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-11.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ORA has high quality earnings.

Growing Profit Margin: ORA's current net profit margins (4.6%) are higher than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: ORA's earnings have declined by 11% per year over the past 5 years.

Accelerating Growth: ORA's earnings growth over the past year (44.3%) exceeds its 5-year average (-11% per year).

Earnings vs Industry: ORA earnings growth over the past year (44.3%) exceeded the Packaging industry 6.8%.


Return on Equity

High ROE: ORA's Return on Equity (25.6%) is considered high.


Discover strong past performing companies

Financial Health

How is Orora's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ORA's short term assets (A$1.3B) exceed its short term liabilities (A$1.1B).

Long Term Liabilities: ORA's short term assets (A$1.3B) exceed its long term liabilities (A$854.8M).


Debt to Equity History and Analysis

Debt Level: ORA's net debt to equity ratio (86%) is considered high.

Reducing Debt: ORA's debt to equity ratio has increased from 47.2% to 93.2% over the past 5 years.

Debt Coverage: ORA's debt is well covered by operating cash flow (37.8%).

Interest Coverage: ORA's interest payments on its debt are well covered by EBIT (11.5x coverage).


Balance Sheet


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Dividend

What is Orora current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.52%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ORA's dividend (5.52%) is higher than the bottom 25% of dividend payers in the Australian market (2.78%).

High Dividend: ORA's dividend (5.52%) is low compared to the top 25% of dividend payers in the Australian market (7.03%).


Stability and Growth of Payments

Stable Dividend: ORA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ORA's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (76.2%), ORA's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (86.3%), ORA's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Brian Lowe

2.92yrs

Tenure

AU$2,941,584

Compensation

Mr. Brian Phillip Lowe, MBA, serves as Managing Director, Chief Executive Officer and Director at Orora Limited since October 1, 2019. Mr. Lowe served as Group General Manager of Fibre at Orora Limited sin...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD1.93M) is about average for companies of similar size in the Australian market ($USD1.62M).

Compensation vs Earnings: Brian's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: ORA's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: ORA's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:ORA Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
16 Sep 22BuyAU$181,012State Street Global Advisors, Inc.Company73,053AU$3.30
16 Sep 22SellAU$167,204State Street Global Advisors, Inc.Company50,668AU$3.30
31 Aug 22SellAU$0State Street Global Advisors, Inc.Company149,470AU$3.54
30 Aug 22BuyAU$150,262State Street Global Advisors, Inc.Company175,279AU$3.58
19 Jul 22BuyAU$1,195,211State Street Global Advisors, Inc.Company344,521AU$3.73
22 Jun 22SellAU$703,741State Street Global Advisors, Inc.Company232,054AU$3.64
17 Jun 22BuyAU$1,569,729State Street Global Advisors, Inc.Company434,828AU$3.61
14 Jun 22BuyAU$161,201State Street Global Advisors, Inc.Company244,009AU$3.66
07 Jun 22BuyAU$13,511State Street Global Advisors, Inc.Company3,537AU$3.82
31 May 22BuyAU$14,159,226State Street Global Advisors, Inc.Company3,593,384AU$4.00
22 Apr 22BuyAU$206,250Michael FraserIndividual55,000AU$3.75
01 Mar 22SellAU$15,267,314Challenger LimitedCompany4,135,891AU$3.69
28 Feb 22BuyAU$1,815,009Challenger LimitedCompany487,107AU$3.73
17 Feb 22BuyAU$449,245Challenger LimitedCompany120,441AU$3.73
17 Feb 22SellAU$20,998,484Challenger LimitedCompany5,802,720AU$3.73
09 Feb 22BuyAU$30,122,030Challenger LimitedCompany9,059,915AU$3.32
01 Feb 22SellAU$2,687,021Challenger LimitedCompany767,935AU$3.50
25 Jan 22BuyAU$81,816,183Challenger LimitedCompany24,586,303AU$3.33
16 Dec 21SellAU$21,717,691Challenger LimitedCompany6,524,126AU$3.33
25 Nov 21SellAU$3,880,966Yarra Capital ManagementCompany1,154,986AU$3.36
22 Nov 21BuyAU$25,335,658Yarra Capital ManagementCompany7,584,667AU$3.34
18 Nov 21BuyAU$15,858,824Yarra Capital ManagementCompany4,789,140AU$3.31
18 Nov 21SellAU$37,232,983Yarra Capital ManagementCompany11,295,801AU$3.30

Ownership Breakdown

What is the ownership structure of ORA?
Owner TypeNumber of SharesOwnership Percentage
Private Companies902,1750.1%
Individual Insiders2,751,9510.3%
Institutions349,796,68941.6%
General Public486,502,74957.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 39.68% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
5.75%
The Vanguard Group, Inc.
48,284,772A$148.7m0%no data
5.35%
Perpetual Limited
44,899,737A$138.3m0%2.34%
5.22%
Challenger Limited
43,813,048A$134.9m0%3.29%
5.02%
State Street Global Advisors, Inc.
42,143,409A$129.8m3.44%no data
4.67%
Yarra Capital Management
39,191,278A$120.7m0%9.69%
2.86%
Greencape Capital Pty Ltd
24,008,906A$73.9m0%4.12%
1.87%
Dimensional Fund Advisors LP
15,697,613A$48.3m2.71%0.01%
1.85%
Norges Bank Investment Management
15,524,316A$47.8m0%no data
1.53%
BlackRock, Inc.
12,854,446A$39.6m-2.99%no data
0.6%
Bessemer Investment Management LLC
5,079,240A$15.6m2.16%0.02%
0.58%
BetaShares Capital Limited
4,904,947A$15.1m4.94%0.13%
0.55%
Netwealth Investments Ltd.
4,615,176A$14.2m-1.12%0.19%
0.52%
Nikko Asset Management Co., Ltd.
4,353,777A$13.4m0%no data
0.42%
AllianceBernstein L.P.
3,495,043A$10.8m4.18%no data
0.41%
PineBridge Investments LLC
3,412,218A$10.5m0%0.06%
0.38%
SEI Investments Company
3,195,277A$9.8m0%0.01%
0.32%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
2,709,894A$8.3m-8.42%no data
0.28%
WisdomTree Asset Management, Inc.
2,334,865A$7.2m1.07%0.04%
0.26%
Charles Schwab Investment Management, Inc.
2,142,403A$6.6m2.31%no data
0.25%
National Australia Bank Limited, Asset Management Arm
2,090,577A$6.4m-19.12%0.75%
0.23%
Principal Global Investors, LLC
1,915,141A$5.9m0%no data
0.22%
American Century Investment Management Inc
1,832,618A$5.6m0%no data
0.19%
Mercer Investments LLC
1,626,284A$5.0m0%0.05%
0.19%
BKI Investment Company Limited
1,600,000A$4.9m0%0.42%
0.18%
Van Eck Associates Corporation
1,533,480A$4.7m17.01%0.01%

Company Information

Orora Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Orora Limited
  • Ticker: ORA
  • Exchange: ASX
  • Founded: 1949
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Implied Market Cap: AU$2.587b
  • Shares outstanding: 839.95m
  • Website: https://www.ororagroup.com

Number of Employees


Location

  • Orora Limited
  • 109-133 Burwood Road
  • Hawthorn
  • Victoria
  • 3122
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORAASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2013
OORDDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2013
ORACHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2013
ORRA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2013
ORRY.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDJul 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.