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Amcor PLC Shs Chess Depository Interests
(Sydney:AMC)
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Rating:68Neutral
Price Target:
AU$71.00
▲(5.53% Upside)
Action:Reiterated
Date:08/17/26
Overall score is driven primarily by moderate financial quality: improving growth and a profitability rebound are offset by elevated leverage and only moderate cash conversion. Technicals add support due to a clear uptrend with healthy (not overbought) momentum. Valuation is helped by a strong dividend yield, while the earnings call adds upside through upbeat guidance, strong synergy execution and a constructive 2027 outlook, partially tempered by leverage and working-capital headwinds.
Positive Factors
Revenue Growth and Profitability Rebound
Recent revenue growth and a broad operating-profit rebound indicate improving demand, execution and cost control. Sustaining this recovery would strengthen earnings quality and provide a foundation for further margin improvement across the packaging portfolio.
Negative Factors
Elevated Leverage
High leverage reduces financial flexibility and leaves more earnings exposed to interest costs, especially during the post-acquisition integration period. The planned decline toward roughly 3x by year-end 2027 remains dependent on cash generation and execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Profitability Rebound
Recent revenue growth and a broad operating-profit rebound indicate improving demand, execution and cost control. Sustaining this recovery would strengthen earnings quality and provide a foundation for further margin improvement across the packaging portfolio.
Read all positive factors
Amcor PLC Shs Chess Depository Interests (AMC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$28.99B
Dividend Yield5.94%
Average Volume (3M)629.51K
Price to Earnings (P/E)18.9
Beta (1Y)0.58
Revenue Growth49.11%
EPS Growth25.55%
CountryAU
Employees75,000
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)2.64
Shares Outstanding462,345,700
10 Day Avg. Volume654,185
30 Day Avg. Volume629,506
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.70
Price to Sales (P/S)0.85
P/FCF Ratio15.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$69.75Price Target Upside3.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)6.09
Revenue Forecast (FY)AU$33.55B
Amcor PLC Shs Chess Depository Interests Business Overview & Revenue Model
Company Description
Amcor plc, together with its subsidiaries, engages in the production and sale of packaging products in Europe, North America, Latin America, and the Asia Pacific. The company operates in two segments, Global Flexible Packaging Solutions and Global...
How the Company Makes Money
Amcor makes money by designing, manufacturing, and selling packaging products and related services to brand owners and manufacturers. Its revenue is primarily generated from the sale of (1) flexible packaging products (e.g., multilayer films, lami...
Amcor PLC Shs Chess Depository Interests Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call conveyed a positive operational and financial momentum driven by strong EPS growth (Q4 +23%, FY +13%), synergy capture ahead of plan (FY synergies $285M, Q4 $115M), margin expansion across segments and an inflection to modestly positive volumes. Management acknowledged headwinds — a $500M working capital impact (primarily receivables) related to the Middle East conflict, a $200M free-cash-flow shortfall versus outlook, near-term leverage above target and some price/mix and health-care volume softness — but provided clear remediation plans (recover >$500M in 12 months, $650M 3-year synergy target intact, guidance for the transition period and expectation of double-digit EPS growth in calendar 2027). On balance, positives materially outweigh the manageable near-term challenges, with a constructive outlook for 2027.Positive Updates
Strong EPS Growth
Q4 adjusted EPS of $1.23, up 23% year-over-year; full year fiscal 2026 adjusted EPS of $4.02, up 13% year-over-year.
Negative Updates
Free Cash Flow Shortfall
Fiscal year free cash flow was $1.3 billion, which was $200 million below the company's outlook, primarily due to working capital impacts related to the Middle East conflict and accelerated integration spending.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong EPS Growth
Q4 adjusted EPS of $1.23, up 23% year-over-year; full year fiscal 2026 adjusted EPS of $4.02, up 13% year-over-year.
Read all positive updates
Company Guidance
Amcor guided adjusted EPS of $1.80–$1.90 for the six months ending Dec 31, 2026 (versus prior-year baseline of $1.79 after a $0.04 divestiture headwind), with the bridge including a $0.10–$0.12 adverse impact from higher interest and taxes and a $0.13–$0.21 positive contribution from synergy capture and net operating performance (roughly double‑digit growth at the midpoint); leverage is expected to be 3.5–3.6x on Dec 31, 2026 (targeting ~3x by year‑end 2027), and management has line of sight to double‑digit adjusted EPS growth in calendar 2027. The company reaffirmed its $650 million 3‑year synergy target (already achieving $285 million in FY26, including $115 million in Q4, and roughly $140 million of annualized growth wins toward an initial $280 million growth target), reported FY26 free cash flow of $1.3 billion (impacted by $290 million of Berry-related cash costs and Middle East working‑capital effects), expects to recover more than $500 million of that working‑capital impact over the next 12 months, plans to run steady CapEx at ~5% of sales, and declared a quarterly dividend of $0.65 per share.Amcor PLC Shs Chess Depository Interests Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
54
Neutral
Cash Flow
60
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 23.51B | 15.01B | 13.64B | 14.69B | 14.54B |
| Gross Profit | 4.04B | 2.83B | 2.71B | 2.73B | 2.82B |
| EBITDA | 3.44B | 1.77B | 1.85B | 2.13B | 1.90B |
| Net Income | 1.09B | 511.00M | 730.00M | 1.05B | 805.00M |
Balance Sheet | |||||
| Total Assets | 37.08B | 37.07B | 16.52B | 17.00B | 17.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.11B | 827.00M | 588.00M | 689.00M | 775.00M |
| Total Debt | 14.01B | 15.01B | 7.19B | 6.75B | 6.49B |
| Total Liabilities | 25.28B | 25.33B | 12.57B | 12.91B | 13.29B |
| Stockholders Equity | 11.80B | 11.73B | 3.88B | 4.09B | 4.14B |
Cash Flow | |||||
| Free Cash Flow | 1.26B | 810.00M | 829.00M | 735.00M | 999.00M |
| Operating Cash Flow | 2.20B | 1.39B | 1.32B | 1.26B | 1.53B |
| Investing Cash Flow | -535.50M | -2.10B | -476.00M | -308.00M | -510.00M |
| Financing Cash Flow | -1.36B | 910.00M | -857.00M | -1.01B | -886.00M |
Amcor PLC Shs Chess Depository Interests Risk Analysis
Amcor PLC Shs Chess Depository Interests disclosed 33 risk factors in its most recent earnings report. Amcor PLC Shs Chess Depository Interests reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Amcor PLC Shs Chess Depository Interests Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$1.56B | 32.56 | 30.40% | 2.06% | 15.55% | 17.30% | |
68 Neutral | AU$28.99B | 18.89 | 9.45% | 5.94% | 49.11% | 25.55% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | AU$1.82B | -2.97 | -26.21% | 6.00% | 6.49% | -564.86% | |
44 Neutral | AU$3.27M | -0.06 | -49.58% | 1.94% | ― | ― |
* Consumer Cyclical Sector Average
AU:AMC
Amcor PLC Shs Chess Depository Interests
63.14
3.79
6.39%
AU:ORA
Orora
1.50
-0.45
-23.29%
AU:PPG
Pro-Pac Packaging Limited
0.02
0.00
0.00%
AU:SNL
Supply Network Limited
35.49
1.01
2.92%
Amcor PLC Shs Chess Depository Interests Corporate Events
Invesco Discloses Major Stake in Amcor Through SEC 13G Filing
Aug 16, 2026
Amcor PLC has notified the market that it has filed a Schedule 13G with the U.S. Securities and Exchange Commission relating to its common stock and ADRs, with the filing dated March 31, 2026 and submitted to the SEC on August 14, 2026. The filing...
Amcor Discloses Auditor Change in SEC Filing
Aug 16, 2026
Amcor plc, a global packaging leader focused on sustainable solutions for consumer products in nutrition, health, beauty and wellness, operates around 400 sites in more than 40 countries. Its extensive portfolio of flexible and rigid packaging, ca...
Amcor Files 2026 Form 10-K and Confirms NYSE Compliance
Aug 16, 2026
Amcor plc, a global packaging specialist listed on both the New York Stock Exchange and the Australian Securities Exchange, develops sustainable flexible and rigid packaging, cartons and closures for consumer brands in nutrition, health, beauty an...
Amcor Declares USD 0.65 Quarterly Dividend on ASX-Listed CDIs
Aug 13, 2026
Amcor PLC, a global packaging company listed on the ASX as a foreign exempt NYSE issuer under the code AMC, has announced a quarterly dividend for holders of its CHESS Depository Interests. The distribution reflects the company’s ongoing pol...
Amcor Updates CDI and Equity Balances Across ASX and NYSE
Aug 5, 2026
Amcor PLC reported updated figures for its Chess Depository Interests on issue for July 2026, showing a decline in CDIs over quoted securities on the ASX to 140,289,945, primarily due to net transfers between CDIs and ordinary shares traded on the...
Amcor Adjusts CDI and Share Balances Across ASX and NYSE Listings
Jul 2, 2026
Amcor PLC has reported a decline in Chess Depository Interests on issue for June 2026, with CDI holdings on the ASX falling to 140,959,867 from 144,061,333, driven by net transfers of securities between CDIs and ordinary shares quoted on the New Y...
Amcor Discloses Executive Equity Awards in New SEC Form 4 Filing
Jun 16, 2026
Amcor has notified the Australian Securities Exchange that it has filed a Form 4 with the U.S. Securities and Exchange Commission, detailing changes in the beneficial ownership of its securities by senior executive Ryan David Yost. The filing repo...
Amcor Reports Routine May CDI and Equity Movements Across ASX and NYSE Registers
Jun 4, 2026
Amcor PLC reported its monthly ASX disclosure for May 2026, showing a slight decrease in CHESS Depositary Interests on issue to 144,061,333 CDIs, reflecting net transfers between CDIs on the ASX and ordinary shares traded on the NYSE. The number o...
Amcor Files Form SD with U.S. SEC, Reinforcing Regulatory Compliance
May 27, 2026
Amcor has notified investors that it has filed a Form SD with the U.S. Securities and Exchange Commission for the 2025 reporting period under Rule 13p-1, which relates to specialized disclosure requirements. The filing underscores Amcor’s on...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.