BALL Corp (BALL)
Materials · Metal, Glass & Plastic Containers · US stock · S&P 500 component
$65.81
▲ +1.66 (2.59%)
Fair valueFair
$74 +12.2% to fair value
$37fair band $63–$89$111
Day's range
$64.13 – $66.12
52-week range
$44.83 – $68.29
About BALL Corp
Ball makes aluminium beverage cans and related packaging for soft drink, beer and other beverage producers, with plants in the Americas, Europe and other regions. It also has an aerospace business that builds spacecraft and instruments, although it has been reshaping this part of the group. Revenue comes mainly from supplying cans under contracts with large customers, and aluminium prices and beverage demand influence results.
Trailing twelve-month revenue stands at $14.3 billion, while revenue fell by 0.5% a year over the past three years. Return on invested capital is 9%, alongside an operating margin of 10.4%. Net debt is 3.1 times EBITDA. The company pays a dividend, and the yield is 1.2%. On the X-Ray Score, it is rated 51 out of 100. The figures are a snapshot of reported results rather than a forecast.
Price chart
52-wk range $44.83 – $68.29Volume 1,893,253Daily, split-adjusted
Vitals
Market cap$17.6B
52-week range$44.83 – $68.29
Volume (last day)1,893,253
P/E (TTM)18.8
EBIT / EV yield6.1%
Free-cash-flow yield4.7%
Dividend yield1.2%
Revenue (TTM)$14.3B
Net income (TTM)$949M
Operating margin10.4%
Return on capital9.4%
Debt incl. leases$7.2B
Cash & securities$491M
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
$74middle half of models $69 – $84
Fair
+12.2% to fair value
Average of the 15 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 $66
Undervalued < $63Fair $63 – $89Overvalued > $89
P/E multiple
$68
P/B multiple
$70
P/S multiple
$67
EV/EBITDA multiple
$72
EV/EBIT multiple
$84
EV/revenue multiple
$70
10-year DCF, EBITDA exit
$89
5-year DCF, EBITDA exit
$85
10-year DCF, revenue exit
$88
5-year DCF, revenue exit
$84
10-year DCF, growth exit
$78
5-year DCF, growth exit
$72
Dividend discount, stable
$34
Dividend discount, multi-stage
$67
Earnings power value
$79
Growth the price implies
13.5%/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, fairly priced
The price sits inside our fair-value band. 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
Fair
68/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield6.1%
Free-cash-flow yield4.7%
Fair value vs price1.1×
Growth
Fair
59/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)-0.5%
EPS growth (3y)13.6%
Growth consistency60%
Profitability
Weak
43/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital9.4%
Operating margin10.4%
Financial health
Weak
42/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA3.1×
Interest cover4.6×
Dividends
Weak
32/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.2%
Dividends vs free cash flow26%
Dividend growth-4.7%
Quarterly results: last 6 quarters
+7.8%
Mar '25
+12.8%
Jun '25
+9.6%
Sep '25
+16.2%
Dec '25
+16.3%
Mar '26
+19.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.0B, diluted EPS $0.83.
SWOT analysis: BALL Corp
Strengthsinside the company
- Earnings per share have compounded at 13.6% a year over three years.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Revenue has fallen 0.5% a year over three years while sector peers grew 0.6%.
Opportunitiesvaluation and setting
- Revenue growth picked up to 11.6% last year from -0.5% a year over three years.
- Trades at 18.5x earnings, 30% below the 26.6x median of sector peers.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
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 BALL with peers and sector
Medians of 22 Materials peers and of 22 Materials stocks in our universe.
Largest peers (X-Ray Score): LIN 43, NEM 81, FCX 55, SHW 54, ECL 50, APD 25.
| Metric | BALL | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 51 | 52 | 52 |
| Valuation | 68 | 43 | 43 |
| Growth | 59 | 55 | 55 |
| Profitability | 43 | 55 | 55 |
| Financial health | 42 | 50 | 50 |
| Dividends | 32 | 56 | 56 |
Sector leaders: highest X-Ray Score in Materials
BALL ranks #12 of 23 in 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 BALL
Each factor is rated by where BALL 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: 6 Good · 9 Average · 5 Bad of 20
Growth: 2 · 1 · 0
Profitability: 0 · 4 · 0
Financial strength: 1 · 0 · 3
Valuation: 3 · 2 · 0
Cash flow: 0 · 2 · 1
Efficiency: 0 · 0 · 1
| Factor | BALL | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | −0.5% | Average beats 41% | +0.6% | – | – |
| Revenue growth, last year | +11.6% | Good beats 76% | +5.3% | −2.2% | ▲ Better |
| EPS growth, 3 years a year | +13.6% | Good beats 72% | +0.5% | – | – |
| Profitability | |||||
| Operating margin | 10.4% | Average beats 41% | 11.8% | 9.3% | ▲ Better |
| Net margin | 6.6% | Average beats 37% | 7.8% | 6.4% | ≈ In line |
| Return on invested capital | 9.4% | Average beats 41% | 10.0% | – | – |
| Return on equity | 16.5% | Average beats 59% | 14.8% | 21.1% | ▼ Worse |
| Financial strength | |||||
| Net debt / EBITDA | 3.1x | Bad beats 28% | 2.4x | 3.6x | ▲ Better |
| Interest cover | 4.6x | Bad beats 30% | 7.8x | 3.9x | ≈ In line |
| Current ratio | 1.07 | Bad beats 11% | 1.61 | 0.88 | ▲ Better |
| Piotroski F-score | 7 / 9 | Good beats 67% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 18.5x | Good beats 71% | 21.6x | 22.4x | ▲ Better |
| Price / book | 3.1x | Average beats 54% | 3.1x | 4.7x | ▲ Better |
| Price / sales | 1.2x | Good beats 76% | 2.1x | 1.4x | ≈ In line |
| EV / EBITDA | 11.4x | Good beats 72% | 14.2x | 13.8x | ▲ Better |
| Free cash flow yield | 4.7% | Average beats 64% | 3.4% | 0.1% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 5.8% | Average beats 39% | 7.7% | 0.2% | ▲ Better |
| Cash from operations / net income | 1.50 | Average beats 50% | 1.50 | 1.38 | ≈ In line |
| Accruals (lower is better) | −2.4% | Bad beats 16% | −4.2% | – | – |
| Efficiency | |||||
| Days sales outstanding | 70 days | Bad beats 18% | 54 days | 54 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 · ● 6 Average · ● 4 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 46/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $13.8B | $13.4B | $12.1B | $11.8B | $13.2B |
| Operating income | $1.3B | $1.2B | $1.3B | $828M | $1.4B |
| Net income | $878M | $732M | $711M | $4.0B | $915M |
| Operating cash flow | $1.8B | $301M | $1.9B | $115M | $1.3B |
| Operating margin | 9.3% | 9.1% | 10.6% | 7.0% | 11.0% |
| Free cash flow | $34M | −$1.4B | $818M | −$369M | $788M |
| Diluted EPS | $2.65 | $2.25 | $2.23 | $13.00 | $3.30 |
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
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 62.16 | Bullish |
| EMA 10 | 62.61 | Bullish |
| SMA 20 | 59.58 | Bullish |
| EMA 20 | 61.19 | Bullish |
| SMA 50 | 60.77 | Bullish |
| EMA 50 | 60.71 | Bullish |
| SMA 100 | 60.64 | Bullish |
| EMA 100 | 60.44 | Bullish |
| SMA 200 | 60.32 | Bullish |
| EMA 200 | 59.25 | Bullish |
Oscillators (daily)
| RSI (14) | 78.66 | Bearish |
| MACD (12, 26) | 1.28 | Bullish |
| Momentum (12) | 14.59 | Bullish |
| Stochastic %K (14) | 96.96 | Bearish |
| Williams %R (14) | -3.04 | Bearish |
| CCI (20) | 149.4 | Bearish |
Pivot points (classic, last session)
S3 62.60 | S2 63.36 | S1 64.59 | Pivot 65.35 | R1 66.58 | R2 67.34 | R3 68.57 |
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
0.80 USD
Yield on today's price
1.22%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.2000 | |
| 0.2000 | |
| 0.2000 | |
| 0.2000 | |
| 0.2000 | |
| 0.2000 | |
| 0.2000 | |
| 0.2000 | |
| 0.2000 | |
| 0.2000 | |
| 0.2000 | |
| 0.2000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold BALL
| ETF | Share of the fund |
|---|---|
| XLB Materials Select Sector SPDR | 2.22% |
| WTV WisdomTree U.S. Quality Shareholder Yi... | 1.40% |
| JAVA JPMorgan Active Value | 0.69% |
| DFAT DFA Investment Dimensions Group Inc. | 0.69% |
| DON WisdomTree U.S. MidCap Dividend | 0.48% |
| RPV Invesco S&P 500 Pure Value | 0.48% |
| VBR Vanguard Small-Cap Value | 0.36% |
| SCHM Schwab U.S. Mid-Cap | 0.27% |
The eight funds with the largest weight in BALL 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.
BALL stock splits
BALL has split its stock 4 times since 2002. The latest was a 2-for-1 split on 17 May 2017.
Full BALL stock split history →BALL SEC filings
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Shareholder vote results
DEF 14ASEC EDGAR
Proxy statement
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.