Amcor PLC Shs Chess Depository Interests (AU:AMC)
ASX:AMC
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Amcor PLC Shs Chess Depository Interests
(Sydney:AMC)
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Rating:60Neutral
Price Target:
AU$58.00
▲(3.50% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by solid revenue and free-cash-flow generation but constrained by softer profitability and elevated leverage. Valuation is supportive given a moderate P/E and high dividend yield, while technical indicators remain weak with the stock trading below major moving averages. Earnings-call tone is moderately positive on EPS growth and synergies, partly offset by the cut to free cash flow guidance and near-term volume/leverage headwinds.
Positive Factors
Cash generation
Amcor generates meaningful operating and free cash flow on a trailing-twelve-month basis, providing a durable internal funding source. Steady FCF supports dividend payouts, capex for advanced solutions, and a multi-quarter path to deleveraging without relying solely on external financing.
Negative Factors
Elevated leverage
Meaningful gross and adjusted leverage reduces financial flexibility and raises sensitivity to higher rates or slower cash recovery. Deleveraging targets exist but require consistent FCF, divestiture proceeds and discipline; sustained high leverage could constrain capital allocation and rating objectives.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Amcor generates meaningful operating and free cash flow on a trailing-twelve-month basis, providing a durable internal funding source. Steady FCF supports dividend payouts, capex for advanced solutions, and a multi-quarter path to deleveraging without relying solely on external financing.
Read all positive factors
Amcor PLC Shs Chess Depository Interests (AMC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$24.76B
Dividend Yield6.34%
Average Volume (3M)3.59M
Price to Earnings (P/E)16.2
Beta (1Y)0.38
Revenue Growth62.34%
EPS Growth-49.53%
CountryAU
Employees41,000
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)1.72
Shares Outstanding462,345,700
10 Day Avg. Volume3,634,462
30 Day Avg. Volume3,590,794
Financial Highlights & Ratios
PEG Ratio-0.81
Price to Book (P/B)1.27
Price to Sales (P/S)0.99
P/FCF Ratio18.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$67.79Price Target Upside20.96% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)5.5
Revenue Forecast (FY)AU$31.93B
Amcor PLC Shs Chess Depository Interests Business Overview & Revenue Model
Company Description
Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flex...
How the Company Makes Money
Amcor primarily makes money by manufacturing and selling packaging products to brand owners and manufacturers under supply agreements, generating revenue largely from high-volume, repeat purchases tied to customers’ ongoing production needs. Its m...
Amcor PLC Shs Chess Depository Interests Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Positive
The call emphasized strong execution on integration and synergies, accelerating synergy capture (ahead of Year 1 targets), EPS growth (Q3 +6% and YTD +11%), portfolio optimization progress (six divestitures, ~$500M transaction value) and resilient segment margins. Offsetting these positives are near-term cash-flow and working-capital headwinds driven by an intentional inventory build (reducing FY26 free cash flow guidance by ~ $300M versus prior plan), modest volume declines (~1.5%), a ~$25M winter-storm hit, resin inflation and temporary elevation in leverage (3.8x, projected year-end ~3.4–3.5x). Management framed most negatives as transitory and controllable via pricing, procurement and divestiture progress, presenting a view that operational and financial momentum outweighs short-term challenges.Positive Updates
Revenue and Profitability
Q3 revenue of $5.9 billion; EBITDA $892 million; EBIT $687 million. Adjusted EPS of $0.96, up 6% year-over-year; first 9 months adjusted EPS $2.79, up 11% year-over-year. Management notes Q3 financial performance was in line with expectations.
Negative Updates
Free Cash Flow and Working Capital Impact
Q3 free cash outflow of $39 million (after funding $78 million of Berry transaction, restructuring and integration-related cash costs); first 9-month free cash outflow $93 million. Fiscal 2026 free cash flow guidance reduced to $1.5–$1.6 billion from prior $1.8–$1.9 billion primarily due to decision to hold more inventory at higher costs (~$300 million timing/valuation impact vs prior plan).
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue and Profitability
Q3 revenue of $5.9 billion; EBITDA $892 million; EBIT $687 million. Adjusted EPS of $0.96, up 6% year-over-year; first 9 months adjusted EPS $2.79, up 11% year-over-year. Management notes Q3 financial performance was in line with expectations.
Read all positive updates
Company Guidance
Amcor guided fiscal 2026 adjusted EPS of $3.98–$4.03 per share (about 12% growth at the midpoint) with Q4 implied adjusted EPS growth of >20% YoY at the midpoint (reflecting the near‑full lap of the Berry acquisition); fiscal 2026 free cash flow is now expected at $1.5–$1.6 billion (down from prior $1.8–$1.9 billion guidance due to management’s decision to hold more, higher‑cost inventory), capital spending is guided to $850–$900 million, and year‑end adjusted leverage is expected to be ~3.4–3.5x (Q3 adjusted leverage was 3.8x) with a clear pathway toward a 2.5–3.0x target. Management also reconfirmed synergy delivery of $270 million in FY26 (above the original $260 million year‑1 target) and $650 million cumulatively over three years (YTD synergies $170M, Q3 $77M), noted Q3 adjusted EPS of $0.96 (YTD $2.79), declared a quarterly dividend of $0.65/shr, and said the working‑capital timing impact reducing near‑term FCF should reverse as supply conditions normalize.Amcor PLC Shs Chess Depository Interests Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
54
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.28B | 15.01B | 13.64B | 14.69B | 14.54B | 12.86B |
| Gross Profit | 4.12B | 2.83B | 2.71B | 2.73B | 2.82B | 2.73B |
| EBITDA | 2.86B | 1.77B | 1.85B | 2.13B | 1.90B | 1.92B |
| Net Income | 680.92M | 511.00M | 730.00M | 1.05B | 805.00M | 939.00M |
Balance Sheet | ||||||
| Total Assets | 37.58B | 37.07B | 16.52B | 17.00B | 17.43B | 17.19B |
| Cash, Cash Equivalents and Short-Term Investments | 1.59B | 827.00M | 588.00M | 689.00M | 775.00M | 850.00M |
| Total Debt | 16.71B | 15.01B | 7.19B | 6.75B | 6.49B | 6.29B |
| Total Liabilities | 25.92B | 25.33B | 12.57B | 12.91B | 13.29B | 12.37B |
| Stockholders Equity | 11.65B | 11.73B | 3.88B | 4.09B | 4.14B | 4.82B |
Cash Flow | ||||||
| Free Cash Flow | 1.09B | 810.00M | 829.00M | 735.00M | 999.00M | 993.00M |
| Operating Cash Flow | 1.68B | 1.39B | 1.32B | 1.26B | 1.53B | 1.46B |
| Investing Cash Flow | -2.45B | -2.10B | -476.00M | -308.00M | -510.00M | -228.00M |
| Financing Cash Flow | 283.19M | 910.00M | -857.00M | -1.01B | -886.00M | -1.18B |
Amcor PLC Shs Chess Depository Interests Technical Analysis
Neutral
56.04
Price Trends
55.76
Negative
60.37
Negative
61.25
Negative
Market Momentum
-1.01
Negative
46.62
Neutral
35.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AMC, the sentiment is Neutral. The current price of 56.04 is above the 20-day moving average (MA) of 53.56, above the 50-day MA of 55.76, and below the 200-day MA of 61.25, indicating a neutral trend. The MACD of -1.01 indicates Negative momentum. The RSI at 46.62 is Neutral, neither overbought nor oversold. The STOCH value of 35.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:AMC.
Amcor PLC Shs Chess Depository Interests Risk Analysis
Amcor PLC Shs Chess Depository Interests disclosed 35 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$1.28B | 15.48 | 29.62% | 2.15% | 15.03% | 11.75% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | AU$24.76B | 16.19 | 5.80% | 6.34% | 62.34% | -49.53% | |
57 Neutral | AU$1.59B | 11.83 | 4.39% | 4.50% | -38.96% | -32.39% | |
48 Neutral | AU$3.27M | -0.04 | -49.58% | ― | ― | ― |
* Consumer Cyclical Sector Average
AU:AMC
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Amcor PLC Shs Chess Depository Interests Corporate Events
Amcor files March-quarter 2026 Form 10-Q with U.S. regulators
May 8, 2026
Amcor, a major global packaging specialist listed on both the NYSE and ASX, develops sustainable flexible and rigid packaging, cartons and closures for consumer brands across nutrition, health, beauty and wellness categories. Its extensive interna...
Amcor Adjusts CDI and Equity Instrument Balances in April 2026
May 5, 2026
Amcor reported its monthly statement of Chess Depository Interests for April 2026, showing CDI’s quoted on the ASX rose to 144,069,449, a net increase of 500,138 driven by transfers between CDIs and ordinary shares on the NYSE. Corresponding...
Amcor Reports Modest March Changes in CDIs and Equity Instruments
Apr 9, 2026
Amcor reported a modest increase in CHESS Depositary Interests on issue for March 2026, with total CDIs rising to 143,569,311 amid net transfers between ASX-listed CDIs and NYSE-listed ordinary shares. The company also recorded small changes in it...
Amcor Flexibles North America Prices US$1.5 Billion Guaranteed Senior Notes
Mar 5, 2026
Amcor Flexibles North America, a unit of packaging giant Amcor plc, has launched a major debt offering in the U.S. capital markets. The issuance comprises US$750 million of 4.250% guaranteed senior notes due 2029 and US$750 million of 5.125% guara...
Amcor Flexibles North America Plans Offering of New Guaranteed Senior Notes
Mar 5, 2026
Amcor Flexibles North America, an Amcor plc subsidiary, has filed a preliminary prospectus supplement with the U.S. Securities and Exchange Commission for an offering of new guaranteed senior notes. The notes, to be issued in multiple maturities a...
Amcor Updates CDI and Securities Balances for February 2026
Mar 4, 2026
Amcor PLC reported changes in its Chess Depository Interests for February 2026, with CDIs over quoted securities on the ASX rising to 143,534,829 from 141,555,089, reflecting net transfers between CDIs and ordinary shares traded on the NYSE. The c...
Amcor Corrects Executive Shareholding After Reverse Stock Split
Mar 4, 2026
Amcor has informed the Australian Securities Exchange that it has filed an amended Form 4 with the U.S. Securities and Exchange Commission, correcting previously reported figures for the beneficial ownership of ordinary shares by executive vice pr...
Amcor CEO Updates Insider Holdings After RSU Vesting and Reverse Split
Mar 3, 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 chief executive officer, Peter Konieczny. The filing reflects th...
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.