AMCR
Amcor plc$38.41
LiveJun 02, 2026
Market cap
$17.76B
52w range
36.25 – 50.94
P / E
—
EPS
—
Volume
2.74M
Revenue · FY
$15.01B
+10.04% YoY
Explain this page
Arphra AIPlain-English read on Amcor plc’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +21.24% | +19.39% | +18.54% | +19.88% | +18.88% | +19.44% | +18.86% | +19.34% | +19.60% |
| Operating margin | +10.27% | +8.52% | +10.26% | +8.90% | +6.72% | +8.82% | +8.70% | +8.81% | +8.86% |
| EBITDA margin | +14.93% | +13.06% | +14.48% | +13.56% | +11.78% | +13.38% | +13.10% | +13.24% | +13.58% |
| EBIT margin | +10.47% | +8.76% | +10.49% | +9.20% | +6.97% | +9.05% | +8.63% | +8.85% | +8.76% |
| Pre-tax margin | +9.42% | +7.67% | +8.51% | +6.62% | +4.35% | +6.44% | +6.64% | +6.66% | +6.51% |
| Net margin | +7.30% | +5.53% | +7.13% | +5.35% | +3.40% | +5.42% | +5.38% | +5.21% | +5.40% |
| Cost structure | |||||||||
| Cost of revenue / sales | +78.76% | +80.61% | +81.46% | +80.12% | +81.12% | +78.92% | +78.78% | +80.08% | +83.21% |
| R&D intensity | +0.78% | +0.66% | +0.69% | +0.78% | +0.80% | +0.77% | +0.75% | +0.78% | +0.76% |
| SG&A intensity | +10.05% | +8.83% | +7.39% | +8.01% | +8.03% | +8.01% | +7.83% | +7.59% | +7.87% |
| Effective tax rate | +21.53% | +26.91% | +15.43% | +18.05% | +20.67% | +18.54% | +17.84% | +17.62% | +18.46% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +19.48% | +19.44% | +25.62% | +18.47% | +4.35% | +12.67% | +12.94% | +12.39% | +12.70% |
| Return on assets (ROA) | +5.46% | +4.62% | +6.16% | +4.42% | +1.38% | +3.38% | +3.33% | +3.20% | +3.39% |
| Return on capital (ROC) | +11.42% | +11.14% | +13.35% | +10.90% | +3.77% | +8.05% | +7.87% | +8.11% | +8.02% |
| Return on invested capital (ROIC) | +8.11% | +7.24% | +9.28% | +6.55% | +1.91% | +4.94% | +4.86% | +4.80% | +4.89% |
| Asset turnover | +74.83% | +83.46% | +86.42% | +82.55% | +40.49% | +62.37% | +62.01% | +61.39% | +62.65% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +7.30% | +5.53% | +7.13% | +5.35% | +3.40% | +5.42% | +5.38% | +5.21% | +5.40% |
| Asset turnover (× revenue / assets) | +74.83% | +83.46% | +86.42% | +82.55% | +40.49% | +62.37% | +62.01% | +61.39% | +62.65% |
| Equity multiplier (× assets / equity) | +356.52% | +420.82% | +415.72% | +418.01% | +315.72% | +375.02% | +388.20% | +386.99% | +375.08% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.75 | 0.83 | 0.86 | 0.83 | 0.40 | 0.62 | 0.62 | 0.61 | 0.63 |
| Fixed-asset turnover | 3.00 | 3.46 | 3.42 | 3.15 | 1.61 | — | — | — | — |
| Inventory turnover | 5.09 | 4.81 | 5.41 | 5.38 | 3.51 | — | — | — | — |
| Receivables turnover | 6.90 | 7.52 | 7.84 | 7.39 | 4.38 | — | — | — | — |
| Payables turnover | 3.94 | 3.82 | 4.45 | 4.24 | 3.49 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 52.90 | 48.56 | 46.58 | 49.40 | 83.32 | — | — | — | — |
| Days inventory outstanding (DIO) | 71.75 | 75.93 | 67.49 | 67.84 | 104.06 | — | — | — | — |
| Days payables outstanding (DPO) | 92.75 | 95.67 | 82.03 | 86.17 | 104.63 | — | — | — | — |
| Cash conversion cycle | 31.89 | 28.82 | 32.03 | 31.06 | 82.75 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.56 | 1.90 | 1.20 | 1.81 | 2.72 | 1.66 | 1.67 | 1.79 | 1.70 |
| FCF / Net income | 1.06 | 1.24 | 0.70 | 1.14 | 1.59 | 1.04 | 1.05 | 1.05 | 1.04 |
| FCF margin | +7.72% | +6.87% | +5.00% | +6.08% | +5.40% | +5.63% | +5.64% | +5.46% | +5.61% |
| OCF margin | +11.36% | +10.49% | +8.58% | +9.68% | +9.26% | +9.01% | +8.95% | +9.33% | +9.19% |
| CapEx / Revenue | +3.64% | +3.62% | +3.58% | +3.61% | +3.86% | +3.73% | +3.78% | +3.59% | +3.64% |
| CapEx / D&A | 0.82 | 0.84 | 0.90 | 0.83 | 0.80 | — | — | — | — |
| Stock-based comp / Revenue | +0.45% | +0.43% | +0.37% | +0.23% | +0.49% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 3.00 | 2.65 | 3.53 | 2.53 | 1.60 | 3.98 | 4.33 | 4.65 | 4.52 |
| EPS · basic | 3.02 | 2.65 | 3.55 | 2.53 | 1.61 | 3.94 | 4.35 | 4.62 | 4.52 |
| Book value / share | 15.49 | 13.66 | 13.86 | 13.72 | 36.85 | 31.09 | 31.14 | 31.95 | 31.72 |
| Tangible BV / share | -7.82 | -9.24 | -9.49 | -9.66 | -21.78 | 31.09 | 31.14 | 31.95 | 31.72 |
| Sales / share | 41.33 | 47.97 | 49.78 | 47.33 | 47.11 | 72.71 | 74.96 | 75.90 | 74.55 |
| Operating CF / share | 4.69 | 5.03 | 4.27 | 4.58 | 4.36 | 6.55 | 6.71 | 7.08 | 6.85 |
| Free cash flow / share | 3.19 | 3.29 | 2.49 | 2.88 | 2.54 | 4.10 | 4.23 | 4.15 | 4.18 |
| Dividends / share | 2.38 | 2.41 | 2.45 | 2.51 | 2.65 | 3.94 | 3.95 | 4.03 | 3.95 |
| Payout ratio | +79.02% | +90.93% | +68.99% | +98.90% | +165.36% | +99.90% | +98.08% | +101.83% | +98.12% |
| Retention ratio | +20.98% | +9.07% | +31.01% | +1.10% | -65.36% | +0.10% | +1.92% | -1.83% | +1.88% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +13.09% | +1.03% | -7.17% | +10.04% | +53.89% | +3.07% | +1.03% | -2.09% | +7.85% |
| Gross profit · YoY | — | +3.22% | -3.37% | -0.48% | +4.50% | +58.43% | -0.02% | +3.61% | -0.77% | +6.77% |
| Profit | ||||||||||
| Operating income · YoY | — | -6.21% | +21.71% | -19.50% | -16.89% | +102.00% | +1.59% | +2.27% | -1.49% | +5.88% |
| EBITDA · YoY | — | -1.09% | +12.01% | -13.02% | -4.43% | +74.84% | +0.85% | +2.13% | +0.45% | +6.59% |
| Net income · YoY | — | -14.27% | +30.19% | -30.34% | -30.00% | +144.93% | +2.24% | -2.01% | +1.49% | +3.87% |
| Operating | ||||||||||
| EBIT · YoY | — | -5.35% | +20.96% | -18.56% | -16.65% | +99.89% | -1.75% | +3.59% | -3.10% | +5.48% |
| R&D · YoY | — | -4.00% | +5.21% | +4.95% | +13.21% | +47.68% | +0.36% | +5.09% | -4.71% | +7.48% |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | -11.67% | +33.21% | -28.33% | -36.76% | +148.85% | +8.76% | +7.29% | -2.68% | +5.26% |
| EPS · basic · YoY | — | -12.25% | +33.96% | -28.73% | -36.36% | +144.84% | +10.27% | +6.20% | -2.08% | +5.17% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $6.75B | $6.98B | $7.21B | $7.19B | $15.01B | $15.46B | $16.44B | $16B | $15.99B |
| Net debt | $5.9B | $6.21B | $6.52B | $6.6B | $14.18B | $14.34B | $15.26B | $14.81B | $14.86B |
| Net debt / EBITDA | 3.07 | 3.27 | 3.07 | 3.57 | 8.02 | 4.64 | 4.89 | 4.65 | 4.65 |
| Debt / equity | 1.40 | 1.69 | 1.76 | 1.82 | 1.28 | 1.57 | 1.66 | 1.58 | 1.60 |
| Debt / assets | +39.28% | +40.07% | +42.40% | +43.49% | +40.49% | +41.73% | +42.82% | +40.83% | +42.54% |
| Equity / assets | +28.05% | +23.76% | +24.05% | +23.92% | +31.67% | +26.67% | +25.76% | +25.84% | +26.66% |
| Coverage | |||||||||
| EBITDA / interest expense | 12.55 | 11.94 | 7.33 | 5.32 | 4.46 | 5.63 | 5.38 | 5.42 | 5.66 |
| Operating income / interest | 8.63 | 7.79 | 5.20 | 3.49 | 2.55 | 3.71 | 3.57 | 3.60 | 3.69 |
| Interest expense | $153M | $159M | $290M | $348M | $396M | $548.98M | $579.72M | $587.45M | $565.18M |
| Liquidity | |||||||||
| Current ratio | 1.21 | 1.15 | 1.19 | 1.17 | 1.21 | — | — | — | — |
| Quick ratio | 0.62 | 0.53 | 0.57 | 0.57 | 0.61 | — | — | — | — |
| Cash ratio | 0.20 | 0.15 | 0.15 | 0.14 | 0.12 | — | — | — | — |
| Working capital | $921M | $750M | $832M | $704M | $1.45B | — | — | — | — |
| Working capital / revenue | +7.16% | +5.16% | +5.66% | +5.16% | +9.64% | — | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).