Amcor plc (AMCR)
Materials · Paper & Plastic Packaging Products & Materials · US stock · S&P 500 component
$46.28
▲ +1.01 (2.23%)
Fair valueUndervalued
$61 +31.7% to fair value
$30fair band $52–$74$91
Day's range
$45.06 – $46.57
52-week range
$36.25 – $50.94
Red flags⚠ Heavy dilution⚠ Heavy dilution⚠ Heavy dilution⚠ Heavy dilution⚠ Heavy dilution
About Amcor plc
Amcor makes packaging used for food, drinks, medical products, home care and personal care items. It produces flexible films and pouches as well as rigid plastic containers for customers such as consumer goods companies and healthcare firms. Revenue comes from selling this packaging under supply contracts, and part of the price follows the cost of resins and other raw materials, which are passed through to customers.
Trailing twelve-month revenue stands at $23.5 billion. Revenue growth over three years averaged 19.9% a year. Operating margin is 8.1% and return on invested capital is 6%. Net debt to EBITDA is 4.2 times. It pays a dividend with a yield of 4.5%. The X-Ray Score is 57 out of 100. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
Price chart
52-wk range $36.25 – $50.94Volume 4,193,935Daily, split-adjusted
Vitals
Market cap$21.5B
52-week range$36.25 – $50.94
Volume (last day)4,193,935
P/E (TTM)38.8
EBIT / EV yield5.4%
Free-cash-flow yield5.7%
Dividend yield4.5%
Revenue (TTM)$23.5B
Net income (TTM)$1.1B
Operating margin8.1%
Return on capital6.3%
Debt incl. leases$15.1B
Cash & securities$1.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$61middle half of models $49 – $75
Undervalued
+31.7% to fair value
Average of the 11 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $46
Undervalued < $52Fair $52 – $74Overvalued > $74
P/E multiple
$46
P/B multiple
$72
P/S multiple
$50
EV/EBITDA multiple
$51
EV/EBIT multiple
$47
EV/revenue multiple
$46
10-year DCF, EBITDA exit · not used
$96
5-year DCF, EBITDA exit
$83
10-year DCF, revenue exit · not used
$96
5-year DCF, revenue exit
$82
10-year DCF, growth exit
$77
5-year DCF, growth exit
$63
Dividend discount, stable · not used
$137
Dividend discount, multi-stage · not used
$132
Earnings power value
$52
Growth the price implies
12.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, but the price is low
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Materials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
81/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.4%
Free-cash-flow yield5.7%
Fair value vs price1.3×
Growth
Fair
63/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)19.9%
EPS growth (3y)-1.9%
Growth consistency50%
Profitability
Weak
45/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital6.3%
Operating margin8.1%
Gross profitability12.6%
Financial health
Weak
37/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA4.2×
Interest cover2.8×
Dividends
Fair
58/100
Dividend is typical for its sector.
See the numbers →
Dividend yield4.5%
Dividends vs free cash flow78%
Dividend growth18.3%
Quarterly results: last 6 quarters
-2.3%
Mar '25
+43.8%
Jun '25
+71.3%
Sep '25
+68.1%
Dec '25
+77.4%
Mar '26
+25.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $6.4B.
Compare with peers
AVY Avery Dennison Corp61 SW Smurfit Westrock plc56 PKG Packaging Corp Of Amer...54 IP International Paper Co38Other Paper & Plastic Packaging Products & Materials companies by X-Ray Score.
SWOT analysis: Amcor plc
Strengthsinside the company
- Revenue has grown 19.9% a year over three years (median 2.9% for industry peers).
- Free cash flow equals 5.7% of the market value, which funds dividends, buybacks or debt paydown.
- Passes 8 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Net debt is 4.2x EBITDA, above the 3x level that lenders usually watch.
- Operating profit covers interest only 2.8x.
- Altman Z-score of 1.2 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
- Revenue growth picked up to 56.6% last year from 19.9% a year over three years.
- Trades at 19.4x earnings, 39% below the 32.0x median of industry peers.
- The price is 32% below our fair value estimate, with the gap larger than the margin we allow for error.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
- Our checks raised: Heavy dilution; Heavy dilution.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare AMCR with peers and sector
Medians of 4 Paper & Plastic Packaging Products & Materials peers and of 22 Materials stocks in our universe.
Largest peers (X-Ray Score): SW 56, PKG 54, IP 38, AVY 61.
| Metric | AMCR | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 57 | 55 | 51 |
| Valuation | 81 | 55 | 43 |
| Growth | 63 | 65 | 55 |
| Profitability | 45 | 51 | 55 |
| Financial health | 37 | 39 | 50 |
| Dividends | 58 | 58 | 54 |
Sector leaders: highest X-Ray Score in Materials
AMCR ranks #6 of 23 in Materials and #2 of 5 in Paper & Plastic Packaging Products & Materials by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for AMCR
Each factor is rated by where AMCR stands among the 23 Materials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 8 Good · 4 Average · 10 Bad of 22
Growth: 2 · 1 · 0
Profitability: 0 · 1 · 4
Financial strength: 1 · 0 · 3
Valuation: 4 · 1 · 0
Cash flow: 1 · 1 · 2
Efficiency: 0 · 0 · 1
| Factor | AMCR | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +19.9% | Good beats 89% | +0.6% | – | – |
| Revenue growth, last year | +56.6% | Good beats 98% | +5.3% | +31.0% | ▲ Better |
| EPS growth, 3 years a year | −1.9% | Average beats 41% | +0.5% | – | – |
| Profitability | |||||
| Gross margin | 20.0% | Bad beats 28% | 27.9% | 19.9% | ≈ In line |
| Operating margin | 8.1% | Bad beats 33% | 11.8% | 8.8% | ≈ In line |
| Net margin | 4.7% | Bad beats 33% | 7.8% | 5.1% | ≈ In line |
| Return on invested capital | 6.3% | Average beats 37% | 10.0% | – | – |
| Return on equity | 9.4% | Bad beats 33% | 14.8% | 14.3% | ▼ Worse |
| Financial strength | |||||
| Net debt / EBITDA | 4.2x | Bad beats 15% | 2.4x | 7.7x | ▲ Better |
| Interest cover | 2.8x | Bad beats 20% | 7.8x | 2.8x | ≈ In line |
| Current ratio | 1.25 | Bad beats 28% | 1.61 | 1.25 | ≈ In line |
| Piotroski F-score | 8 / 9 | Good beats 83% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 19.4x | Average beats 66% | 21.6x | 19.3x | ≈ In line |
| Price / book | 1.8x | Good beats 72% | 3.1x | 1.7x | ≈ In line |
| Price / sales | 0.9x | Good beats 80% | 2.1x | 1.0x | ≈ In line |
| EV / EBITDA | 10.6x | Good beats 76% | 14.2x | 11.2x | ≈ In line |
| Free cash flow yield | 5.7% | Good beats 79% | 3.4% | 5.9% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 5.2% | Bad beats 30% | 7.7% | 6.1% | ≈ In line |
| Cash from operations / net income | 1.94 | Good beats 71% | 1.50 | 2.65 | ▼ Worse |
| Free cash flow growth, 3 years a year | +14.0% | Average beats 53% | +11.3% | – | – |
| Accruals (lower is better) | −2.8% | Bad beats 25% | −4.2% | – | – |
| Efficiency | |||||
| Days sales outstanding | 57 days | Bad beats 33% | 54 days | 49 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 4 Good · ● 5 Average · ● 7 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Good
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginBad
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 48/100.
Financials
| FY23 | FY24 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $10.4B | $13.6B | $10.1B | $15.0B | $23.5B |
| Operating income | $992M | $1.2B | $886M | $1.0B | $1.9B |
| Net income | $609M | $730M | $516M | $511M | $1.1B |
| Operating cash flow | $1.6B | $1.3B | $1.4B | $1.4B | $2.2B |
| Operating margin | 9.5% | 8.9% | 8.8% | 6.7% | 8.1% |
| Free cash flow | $1.0B | $829M | $921M | $810M | $1.2B |
| Diluted EPS | $4.95 | $2.52 | $4.38 | $1.60 | $2.38 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 43.52 | Bullish |
| EMA 10 | 44.03 | Bullish |
| SMA 20 | 42.76 | Bullish |
| EMA 20 | 43.40 | Bullish |
| SMA 50 | 43.82 | Bullish |
| EMA 50 | 43.32 | Bullish |
| SMA 100 | 43.12 | Bullish |
| EMA 100 | 42.91 | Bullish |
| SMA 200 | 41.96 | Bullish |
| EMA 200 | 42.28 | Bullish |
Oscillators (daily)
| RSI (14) | 73.58 | Bearish |
| MACD (12, 26) | 0.49 | Bullish |
| Momentum (12) | 10.80 | Bullish |
| Stochastic %K (14) | 94.98 | Bearish |
| Williams %R (14) | -5.02 | Bearish |
| CCI (20) | 200.1 | Bearish |
Pivot points (classic, last session)
S3 43.86 | S2 44.46 | S1 45.37 | Pivot 45.97 | R1 46.88 | R2 47.48 | R3 48.39 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.08 USD
Yield on today's price
4.49%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.6500 | |
| 0.6500 | |
| 0.6500 | |
| 0.1300 | |
| 0.1280 | |
| 0.1280 | |
| 0.1280 | |
| 0.1280 | |
| 0.1250 | |
| 0.1250 | |
| 0.1250 | |
| 0.1250 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold AMCR
| ETF | Share of the fund |
|---|---|
| XLB Materials Select Sector SPDR | 2.68% |
| SPHD Invesco S&P 500 High Dividend Low Vola... | 2.40% |
| KNG FT Cboe Vest S&P 500 Dividend Aristocr... | 1.45% |
| NOBL ProShares S&P 500 Dividend Aristocrats | 1.38% |
| SPYD SPDR Portfolio S&P 500 High Dividend | 1.22% |
| GNR SPDR S&P Global Natural Resources | 1.15% |
| SDY SPDR S&P Dividend | 0.93% |
| FDL First Trust Morningstar Dividend Leade... | 0.89% |
The eight funds with the largest weight in AMCR among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
AMCR stock splits
AMCR has split its stock once since 2026. The latest was a 1-for-5 reverse split on 15 Jan 2026.
Full AMCR stock split history →AMCR SEC filings
DEF 14ASEC EDGAR
Proxy statement
10-KSEC EDGAR
Annual report
8-KSEC EDGAR
Change of auditor
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Current report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.