Materials · Paper & Plastic Packaging Products & Materials · US stock · price as of 16 Oct 2026
Key indicators
Price
$43.85
52-week range
$35.15 – $48.76
Market cap
$20.3B
P/E (trailing)
36.7×
EV / EBITDA
9.9×
Free-cash-flow yield
6.0%
Dividend yield
4.7%
Revenue (last 12 months)
$23.5B
Revenue growth (3y a year)
19.9%
Operating margin
8.1%
Return on invested capital
6.3%
Net debt / EBITDA
4.2×
Fair value
Blended fair value$66.50 range $62 – $72
Versus priceUndervalued+52% to fair value
Peer multiples
$55.49
Fundamentals-adjusted multiple
$94.57
10-year DCF (market-scaled)
$49.44
Earnings power value (floor, not blended)
$15.95
Model uncertainty
Medium
X-Ray Score
55/ 100 · High confidence · ahead of 61% of sector peers
Valuation72
Growth63
Profitability45
Financial health37
Dividends59
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
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 4.7%. 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.
StocksXray gives Amcor plc an X-Ray Score of 55 out of 100 (high confidence), ahead of 61% of the S&P 500 stocks in its sector. Its strongest lens is valuation (72) and its weakest is financial health (37).
Our fair value blend is $66.50 (range $62.18 to $71.78). At $43.85 the stock trades 34% below that blend, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Amcor plc (AMCR)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2023
FY2024
FY2024
FY2025
FY2026
Now
Price
$38.86
$43.17
$50.67
$42.66
$42.74
$43.85
Market cap
$4.8B
$12.4B
$6.0B
$13.6B
$19.8B
$20.3B
P/E
7.9×
17.1×
11.6×
26.7×
18.0×
36.7×
EV / revenue
1.2×
1.4×
1.3×
1.8×
1.4×
1.4×
EV / EBITDA
13.0×
10.3×
15.1×
15.5×
9.7×
9.9×
Price / free cash flow
4.7×
15.0×
6.5×
16.8×
16.1×
16.5×
Free-cash-flow yield
21.2%
6.7%
15.4%
6.0%
6.2%
6.0%
Price / book
1.5×
3.2×
1.7×
1.2×
1.7×
1.7×
Dividend yield
–
5.76%
–
5.95%
6.05%
4.74%
Fundamentals checklist ● 4 Good · ● 5 Average · ● 7 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.8%Bad
Free-cash-flow yield6.0%Good
Risk models
Altman Z score1.2×Bad
Piotroski F-Score8 of 9Good
Growth
EPS growth (3y)−1.9%Average
Free-cash-flow growth (3y)14.0%Average
Revenue growth (3y)19.9%Good
Growth consistency50%Bad
Balance sheet
Current ratio1.3×Bad
Net debt / EBITDA4.2×Bad
Interest cover2.8×Bad
Valuation
Fair value vs price1.5×Good
EBIT / EV yield5.5%Average
Profitability
Return on invested capital6.3%Average
Operating margin8.1%Bad
Gross profitability12.6%Average
Red flags
Heavy dilution — Share count up more than 5% year on year
XStocksXray
Amcor plc (AMCR)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY23
FY24
FY24
FY25
FY26
LTM
Revenue
10,410
13,640
10,071
15,009
23,506
23,506
Gross profit
2,038
2,712
2,016
2,834
4,690
4,690
Operating income
992
1,214
886
1,009
1,899
1,899
Net income
609
730
516
511
1,106
1,106
Diluted EPS ($)
4.95
2.52
4.38
1.60
2.38
1.19
Free cash flow
1,014
829
921
810
1,229
1,229
Gross margin
19.6%
19.9%
20.0%
18.9%
20.0%
20.0%
Operating margin
9.5%
8.9%
8.8%
6.7%
8.1%
8.1%
Net margin
5.9%
5.4%
5.1%
3.4%
4.7%
4.7%
Balance sheet
FY23
FY24
FY24
FY25
FY26
LTM
Total assets
16,587
16,524
16,613
37,066
37,095
37,095
Cash
989
588
865
827
1,115
1,115
Total debt
9,088
6,699
8,315
14,098
14,012
14,012
Equity
3,216
3,881
3,608
11,728
11,790
11,790
Dividend per share ($)
–
2.49
–
2.54
2.59
2.08
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue ($M)
3,333
5,082
5,745
5,449
5,914
6,398
Growth vs a year earlier
−2.3%
+43.8%
+71.3%
+68.1%
+77.4%
+25.9%
Net income ($M)
196
-39
262
177
278
389
Diluted EPS ($)
0.68
-0.02
0.11
0.38
0.60
–
XStocksXray
Amcor plc (AMCR)
Peers in Paper & Plastic Packaging Products & Materials
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.