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Ball

NYSE:BLL
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BLL
NYSE
$20B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Ball Corporation supplies metal packaging products to the beverage, personal care, and household products industries. The last earnings update was 59 days ago. More info.


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BLL Share Price and Events
7 Day Returns
0.6%
NYSE:BLL
-3.4%
US Packaging
-0.8%
US Market
1 Year Returns
45%
NYSE:BLL
-4.7%
US Packaging
7%
US Market
BLL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ball (BLL) 0.6% 1.3% 15.8% 45% 57.2% 109%
US Packaging -3.4% 1.8% 7% -4.7% 21.6% 28%
US Market -0.8% 2.7% 7.5% 7% 37.9% 47%
1 Year Return vs Industry and Market
  • BLL outperformed the Packaging industry which returned -4.7% over the past year.
  • BLL outperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
BLL
Industry
5yr Volatility vs Market

Value

 Is Ball 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 Ball 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 Ball.

NYSE:BLL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:BLL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Packaging Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.892 (1 + (1- 21%) (34.3%))
1.09
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.09 * 5.96%)
9.22%

Discounted Cash Flow Calculation for NYSE:BLL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ball 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.

NYSE:BLL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.22%)
2019 1,027.53 Analyst x8 940.75
2020 1,099.06 Analyst x5 921.27
2021 1,111.00 Analyst x1 852.64
2022 1,128.51 Est @ 1.58% 792.94
2023 1,150.20 Est @ 1.92% 739.93
2024 1,175.09 Est @ 2.16% 692.11
2025 1,202.52 Est @ 2.33% 648.45
2026 1,232.02 Est @ 2.45% 608.26
2027 1,263.26 Est @ 2.54% 571.01
2028 1,296.04 Est @ 2.59% 536.36
Present value of next 10 years cash flows $7,303.72
NYSE:BLL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,296.04 × (1 + 2.73%) ÷ (9.22% – 2.73%)
$20,503.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $20,503.62 ÷ (1 + 9.22%)10
$8,485.29
NYSE:BLL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $7,303.72 + $8,485.29
$15,789.02
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $15,789.02 / 334.17
$47.25
NYSE:BLL Discount to Share Price
Calculation Result
Value per share (USD) From above. $47.25
Current discount Discount to share price of $58.71
= -1 x ($58.71 - $47.25) / $47.25
-24.3%

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

  • The current share price of Ball is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Ball's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ball's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:BLL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.32
NYSE:BLL Share Price ** NYSE (2019-04-22) in USD $58.71
United States of America Packaging Industry PE Ratio Median Figure of 15 Publicly-Listed Packaging Companies 18.1x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.21x

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

** Primary Listing of Ball.

NYSE:BLL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BLL Share Price ÷ EPS (both in USD)

= 58.71 ÷ 1.32

44.59x

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

  • Ball is overvalued based on earnings compared to the US Packaging industry average.
  • Ball is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ball's expected growth come at a high price?
Raw Data
NYSE:BLL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 44.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
26.7%per year
United States of America Packaging Industry PEG Ratio Median Figure of 15 Publicly-Listed Packaging Companies 1.82x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:BLL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 44.59x ÷ 26.7%

1.67x

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

  • Ball is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ball's assets?
Raw Data
NYSE:BLL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $10.31
NYSE:BLL Share Price * NYSE (2019-04-22) in USD $58.71
United States of America Packaging Industry PB Ratio Median Figure of 19 Publicly-Listed Packaging Companies 3.76x
United States of America Market PB Ratio Median Figure of 5,186 Publicly-Listed Companies 1.91x
NYSE:BLL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BLL Share Price ÷ Book Value per Share (both in USD)

= 58.71 ÷ 10.31

5.69x

* Primary Listing of Ball.

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

  • Ball is overvalued based on assets compared to the US Packaging industry average.
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Value checks
We assess Ball'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. Ball 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.

Future Performance

 How is Ball expected to perform in the next 1 to 3 years based on estimates from 12 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
26.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ball expected to grow at an attractive rate?
  • Ball's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ball's earnings growth is expected to exceed the United States of America market average.
  • Ball's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:BLL Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:BLL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 26.7%
NYSE:BLL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 2.9%
United States of America Packaging Industry Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Packaging Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
NYSE:BLL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:BLL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 12,771 4
2020-12-31 12,185 1,610 827 11
2019-12-31 11,718 1,525 732 12
NYSE:BLL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 11,635 1,566 454
2018-09-30 11,579 1,761 462
2018-06-30 11,541 1,651 451
2018-03-31 11,295 1,805 431
2017-12-31 10,983 1,478 374
2017-09-30 10,760 1,371 268
2017-06-30 10,604 419 250
2017-03-31 9,778 179 458
2016-12-31 9,061 193 263
2016-09-30 8,342 -23 265
2016-06-30 7,687 832 280
2016-03-31 7,830 802 133

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ball's earnings are expected to grow significantly at over 20% yearly.
  • Ball's revenue is expected to grow by 2.9% 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
NYSE:BLL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Ball Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BLL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 2.57 2.64 2.48 3.00
2019-12-31 2.17 2.30 1.98 3.00
NYSE:BLL Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.32
2018-09-30 1.33
2018-06-30 1.29
2018-03-31 1.23
2017-12-31 1.07
2017-09-30 0.77
2017-06-30 0.71
2017-03-31 1.37
2016-12-31 0.83
2016-09-30 0.89
2016-06-30 1.00
2016-03-31 0.48

*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.
  • Ball is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Ball'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Ball has a total score of 4/6, 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.

Past Performance

  How has Ball 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 Ball'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.
  • Ball's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Ball's 1-year earnings growth exceeds its 5-year average (21.4% vs -1.9%)
  • Ball's earnings growth has exceeded the US Packaging industry average in the past year (21.4% vs 7.6%).
Earnings and Revenue History
Ball'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 Ball Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BLL 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 11,635.00 454.00 478.00
2018-09-30 11,579.00 462.00 468.00
2018-06-30 11,541.00 451.00 482.00
2018-03-31 11,295.00 431.00 483.00
2017-12-31 10,983.00 374.00 514.00
2017-09-30 10,760.00 268.00 562.00
2017-06-30 10,604.00 250.00 570.00
2017-03-31 9,778.00 458.00 547.00
2016-12-31 9,061.00 263.00 512.00
2016-09-30 8,342.00 265.00 458.00
2016-06-30 7,687.00 280.00 429.00
2016-03-31 7,830.00 133.00 442.00
2015-12-31 7,997.00 281.00 450.00
2015-09-30 8,224.40 302.00 464.30
2015-06-30 8,366.30 404.40 481.40
2015-03-31 8,486.20 397.50 474.80
2014-12-31 8,570.00 470.00 466.00
2014-09-30 8,534.40 518.50 449.60
2014-06-30 8,573.40 486.00 425.50
2014-03-31 8,483.90 428.00 417.00
2013-12-31 8,468.10 406.40 418.60
2013-09-30 8,585.50 342.40 412.20
2013-06-30 8,590.10 344.80 399.50
2013-03-31 8,684.00 389.60 395.20
2012-12-31 8,735.70 399.10 385.50
2012-09-30 8,673.20 422.70 383.70
2012-07-01 8,649.00 438.80 387.10

*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.
  • Ball has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ball used its assets less efficiently than the US Packaging industry average last year based on Return on Assets.
  • Ball's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ball'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.
Ball has a total score of 2/6, 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.

Health

 How is Ball'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 Ball's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ball's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ball's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ball'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 0.6x 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 Ball Company Filings, last reported 3 months ago.

NYSE:BLL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,562.00 6,729.00 721.00
2018-09-30 3,745.00 6,673.00 598.00
2018-06-30 3,995.00 7,443.00 549.00
2018-03-31 4,138.00 7,468.00 477.00
2017-12-31 4,046.00 6,971.00 448.00
2017-09-30 3,638.00 7,556.00 556.00
2017-06-30 3,710.00 7,548.00 433.00
2017-03-31 3,723.00 7,973.00 458.00
2016-12-31 3,541.00 7,532.00 597.00
2016-09-30 3,820.00 8,126.00 645.00
2016-06-30 3,834.00 11,359.00 6,399.00
2016-03-31 1,078.00 5,799.00 205.00
2015-12-31 1,261.00 5,074.00 224.00
2015-09-30 1,243.40 3,162.30 244.40
2015-06-30 1,342.80 3,263.80 227.30
2015-03-31 1,153.40 3,497.90 228.80
2014-12-31 1,239.60 3,168.90 191.40
2014-09-30 1,414.70 3,318.00 189.50
2014-06-30 1,406.60 3,537.90 155.30
2014-03-31 1,282.10 3,771.50 175.40
2013-12-31 1,416.00 3,605.10 416.00
2013-09-30 1,316.80 3,523.80 168.20
2013-06-30 1,207.40 3,833.10 169.50
2013-03-31 1,257.50 3,832.20 208.00
2012-12-31 1,290.00 3,306.60 174.10
2012-09-30 1,470.10 3,333.80 181.20
2012-07-01 1,341.40 3,462.70 123.50
  • Ball's level of debt (188.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (255% vs 188.9% today).
  • Debt is well covered by operating cash flow (23.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Ball'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. Ball has a total score of 3/6, 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.

Dividends

 What is Ball'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
0.68%
Current annual income from Ball dividends. Estimated to be 0.71% next year.
If you bought $2,000 of Ball shares you are expected to receive $14 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?
  • Ball's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • Ball's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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
NYSE:BLL 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 12 Analyst Estimates (S&P Global) See Below
United States of America Packaging Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NYSE:BLL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.44 5.00
2020-12-31 0.42 8.00
2019-12-31 0.40 8.00
NYSE:BLL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-23 0.400 0.719
2018-10-24 0.400 0.845
2018-07-25 0.400 0.939
2018-04-25 0.400 1.066
2018-01-24 0.400 1.011
2017-10-25 0.400 1.011
2017-07-26 0.400 0.976
2017-04-26 0.400 0.976
2017-01-25 0.260 0.705
2016-10-26 0.260 0.680
2016-07-27 0.260 0.661
2016-04-27 0.260 0.724
2016-01-27 0.260 0.753
2015-10-28 0.260 0.751
2015-07-29 0.260 0.781
2015-04-29 0.260 0.728
2015-02-04 0.260 0.725
2014-10-29 0.260 0.787
2014-07-30 0.260 0.812
2014-04-30 0.260 0.852
2014-01-29 0.260 0.956
2013-10-23 0.260 1.038
2013-07-24 0.260 1.150
2013-04-24 0.260 1.179
2013-01-30 0.260 1.136
2012-07-25 0.200 0.921
2012-04-25 0.200 0.980
2012-01-25 0.200 0.977
2011-10-26 0.140 0.793
2011-07-27 0.140 0.818
2011-04-27 0.140 0.726
2011-01-26 0.140 0.778
2010-10-27 0.100 0.593
2010-07-28 0.100 0.677
2010-04-28 0.100 0.760
2010-01-27 0.100 0.750
2009-10-28 0.100 0.787
2009-07-22 0.100 0.804
2009-04-23 0.100 0.953

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

  • Ball is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Ball is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Ball's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Ball's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Ball's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Ball's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Ball afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ball has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Ball'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
John Hayes
COMPENSATION $10,941,645
AGE 53
TENURE AS CEO 8.3 years
CEO Bio

Mr. John A. Hayes has been the Chief Executive Officer of Ball Corporation since January 26, 2011 and has been its President since January 1, 2010. Mr. Hayes served as the Chief Operating Officer of Ball Corporation since January 2008 until January 2011. He served as an Executive Vice President of Ball Corporation from January 2008 to January 1, 2010. He served as Vice President of Ball Corporation since 2005. He served as Senior Vice President of Ball Corp. from April 2007 to January 2008. He served as the Vice President of Ball Corp. since 2005. He served as the President of Ball Packaging Europe GmbH, a subsidiary of Ball Corp. from March 2006 to January 2008 and served as its Executive Vice President since May 24, 2005. He served as Vice President of Corporate Strategy, Marketing and Development of Ball Corp. from 2003 to 2005 and Vice President, Corporate Planning and Development from April 2000 to 2003 and also served as Senior Director, Corporate Planning and Development since February 1999 to April 2000. He served as Vice President, Mergers and Acquisitions/Corporate Finance of Lehman Brothers, Chicago, Illinois from April 1993 to February 1999. He was Research associate/senior research associate of Greenwich Associates, Stamford, Conn. He has been Chairman of Ball Corporation since April 2013 and has been its Director since January 1, 2010. He served as Chairman of Beverage Can Makers Europe, Brussels, Belgium from 2006 to 2007. He has been Member of board of directors at Leeds School of Business, University of Colorado, Boulder since 2009. Mr. Hayes holds an MBA in finance and strategy, J. L. Kellogg Graduate School of Management at Northwestern University; named Ira J. Harris scholar in finance, Evanston, Illinois in 1993 and Bachelors degree in English and Economics, Colgate University, Hamilton, New York in 1988.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year.
  • John's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

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

4.3
Average Tenure
56
Average Age
  • The tenure for the Ball management team is about average.
Management Team

John Hayes

TITLE
Chairman
COMPENSATION
$11M
AGE
53
TENURE
8.3 yrs

Scott Morrison

TITLE
Senior VP & CFO
COMPENSATION
$3M
AGE
56
TENURE
9.3 yrs

Lisa Pauley

TITLE
Senior Vice President of Human Resources & Administration
COMPENSATION
$2M
AGE
57
TENURE
7.8 yrs

Charles Baker

TITLE
VP, General Counsel & Corporate Secretary
COMPENSATION
$2M
AGE
61
TENURE
15 yrs

Dan Fisher

TITLE
Senior VP & COO of Global Metal Beverage Packaging
COMPENSATION
$3M
AGE
45
TENURE
2.3 yrs

Ann Scott

TITLE
Director of Investor Relations
AGE
54

Kathleen Pitre

TITLE
Vice President of Communications & Corporate Relations
TENURE
4.3 yrs

Daniel Rabbitt

TITLE
Vice President of Corporate Planning & Development
TENURE
2.8 yrs

Colin Gillis

TITLE
President of Beverage Packaging Europe
AGE
64
TENURE
3.3 yrs

Gihan Atapattu

TITLE
President of Beverage Packaging Asia Pacific
TENURE
3.3 yrs
Board of Directors Tenure

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

5.3
Average Tenure
61
Average Age
  • The tenure for the Ball board of directors is about average.
Board of Directors

John Hayes

TITLE
Chairman
COMPENSATION
$11M
AGE
53
TENURE
6 yrs

Stuart Taylor

TITLE
Independent Director
COMPENSATION
$283K
AGE
57
TENURE
20.3 yrs

Tim Solso

TITLE
Lead Independent Director
COMPENSATION
$315K
AGE
70
TENURE
6 yrs

Mike Cave

TITLE
Independent Director
COMPENSATION
$260K
AGE
57
TENURE
4.5 yrs

Georgia Nelson

TITLE
Independent Director
COMPENSATION
$254K
AGE
68
TENURE
12.8 yrs

Bob Alspaugh

TITLE
Independent Director
COMPENSATION
$295K
AGE
71
TENURE
11.3 yrs

Pedro Mariani Bittencourt

TITLE
Director
COMPENSATION
$250K
AGE
65
TENURE
1.5 yrs

Cindy Niekamp

TITLE
Independent Director
COMPENSATION
$256K
AGE
58
TENURE
2.7 yrs

Dan Heinrich

TITLE
Independent Director
COMPENSATION
$260K
AGE
62
TENURE
2.7 yrs

Cathy Ross

TITLE
Director
COMPENSATION
$268K
AGE
60
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • Ball insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Mar 19 Sell Nate Carey Individual 11. Mar 19 11. Mar 19 -1,900 $55.60 $-105,616
14. Feb 19 Sell John Hayes Individual 13. Feb 19 13. Feb 19 -91,701 $55.20 $-5,061,483
07. Feb 19 Sell Daniel Fisher Individual 06. Feb 19 06. Feb 19 -7,000 $53.13 $-371,886
19. Nov 18 Sell Charles Baker Individual 16. Nov 18 16. Nov 18 -6,561 $50.50 $-331,331
07. Nov 18 Sell Jeffrey Knobel Individual 05. Nov 18 05. Nov 18 -6,899 $47.42 $-327,151
20. Sep 18 Sell Scott Morrison Individual 20. Sep 18 20. Sep 18 -25,000 $44.40 $-1,110,018
20. Sep 18 Sell Robert Strain Individual 19. Sep 18 19. Sep 18 -7,000 $44.30 $-310,100
X
Management checks
We assess Ball'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. Ball 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.

News

Simply Wall St News

A Closer Look At Ball Corporation's (NYSE:BLL) Uninspiring ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.13. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Ball Corporation’s (NYSE:BLL) 9.0% Return On Capital Employed Good News?

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. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

At US$54.13, Is It Time To Put Ball Corporation (NYSE:BLL) On Your Watch List?

Help shape the future of investing tools and receive a $20 prize! … saw a significant share price rise of over 20% in the past couple of months on the NYSE … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price.

Simply Wall St -

Don't Sell Ball Corporation (NYSE:BLL) Before You Read This

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll show how you can use Ball Corporation's (NYSE:BLL) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Who Has Been Selling Ball Corporation (NYSE:BLL) Shares?

We often see insiders buying up shares in companies that perform well over the long term. … So shareholders might well want to know whether insiders have been buying or selling shares in Ball Corporation (NYSE:BLL). … Ball Insider Transactions Over The Last Year.

Simply Wall St -

What Should Investors Know About Ball Corporation's (NYSE:BLL) Capital Returns?

and want to begin learning the link between Ball Corporation (NYSE:BLL)’s return fundamentals and stock market performance. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in Ball, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

How Ball Corporation (NYSE:BLL) Could Add Value To Your Portfolio

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Ball Corporation (NYSE:BLL) due to its excellent fundamentals in more than one area.

Simply Wall St -

How Ball Corporation's (NYSE:BLL) Earnings Growth Stacks Up Against The Industry

When Ball Corporation (NYSE:BLL) released its most recent earnings update (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Was BLL's recent earnings decline worse than the long-term trend and the industry. … BLL's trailing twelve-month earnings (from 31 March 2018) of US$431.00m has

Simply Wall St -

Is Ball Corporation (NYSE:BLL) A Sell At Its Current PE Ratio?

But should this larger multiple be the final verdict of BLL’s overvaluation. … This is because multiples like PE tend to overlook key company-specific factors such as future growth and capital structure … In this article, I am going to take you through some key things to consider in order to identify which multiple is the most relevant for

Simply Wall St -

Estimating The Fair Value Of Ball Corporation (NYSE:BLL)

by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Company Info

Description

Ball Corporation supplies metal packaging products to the beverage, personal care, and household products industries. It operates in four segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; and Aerospace. The Beverage Packaging, North and Central America segment manufactures and sells metal beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages. The Beverage Packaging, South America segment offers aluminum beverage containers. The Beverage Packaging, Europe segment manufactures and supplies aluminum beverage containers. The Aerospace segment develops spacecraft, sensors and instruments, radio frequency systems, and other technologies and products for the civil, commercial, and national security aerospace markets, as well as offers defense hardware, antenna and video tactical solutions, civil and operational space hardware, and systems engineering services. It also designs, manufactures, and tests satellites, remote sensors, and ground station control hardware and software; and provides launch vehicle integration and satellite operational services. In addition, this segment provides target identification, warning, and attitude control systems and components; cryogenic systems and associated sensor cooling devices; star trackers; and fast-steering mirrors, as well as technical services and products to the government agencies, prime contractors, and commercial organizations for a range of information and electronic warfare, avionics, intelligence, training, and space system needs. The company also manufactures and sells aerosol containers, extruded aluminum aerosol containers, and aluminum slugs. The company was founded in 1880 and is headquartered in Broomfield, Colorado.

Details
Name: Ball Corporation
BLL
Exchange: NYSE
Founded: 1880
$19,619,093,165
334,169,531
Website: http://www.ball.com
Address: Ball Corporation
10 Longs Peak Drive,
PO Box 5000,
Broomfield,
Colorado, 80021,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BLL Common Stock New York Stock Exchange US USD 14. Dec 1972
DB BL8 Common Stock Deutsche Boerse AG DE EUR 14. Dec 1972
LSE 0HL5 Common Stock London Stock Exchange GB USD 14. Dec 1972
Number of employees
Current staff
Staff numbers
17,500
Ball employees.
Industry
Metal and Glass Containers
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 23:33
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.