Amcor PLC Shs Chess Depository Interests (AMC) AI Stock Analysis

• Market Cap: AU$29.99B
• Dividend Yield: 6.34%
• Average Volume (3M): 3.59M
• Price to Earnings (P/E): 26.9
• Beta (1Y): 0.13
• Revenue Growth: 31.27%
• EPS Growth: -33.87%
• Country: AU
• Employees: 41,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Packaging & Containers
• EPS (TTM): 1.23
• Shares Outstanding: 462,045,700
• 10 Day Avg. Volume: 3,634,462
• 30 Day Avg. Volume: 3,590,794
• PEG Ratio: -0.81
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 0.99
• P/FCF Ratio: 18.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$75.04
• Price Target Upside: 12.74% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): 5.72
• Revenue Forecast (FY): AU$32.74B

• Rating: 57 Neutral
• Price Target: AU$69.00 ▲(3.67% Upside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is driven primarily by stable financial performance: strong recent revenue growth and generally solid cash generation are outweighed by compressed profitability and notable leverage. Valuation is supported by a high dividend yield but held back by a relatively high P/E. Technicals are mixed, with recent weakness versus the 20-day average despite being above longer-term moving averages.

Positive Factors

Revenue Momentum

Sustained TTM top-line growth indicates recovering demand and expanding volumes across end markets. Durable revenue momentum helps absorb fixed costs, supports scale benefits and reinvestment in capacity or innovation, improving long-term competitiveness in packaging markets.

Cash Generation Quality

Free cash flow roughly matching net income shows strong cash conversion and disciplined working-capital management. Reliable cash generation underpins dividends, capex and debt servicing over time, providing financial flexibility even with variable margins in the sector.

Diversified Packaging Franchise

Broad product set and end-market diversification reduce exposure to any single customer or category. Recurring, defensive demand from consumer and healthcare customers and ability to offer value-added specialty packaging support long-term customer retention and steady revenue streams.

Negative Factors

Compressed Profitability

Marked margin compression reduces cushion vs input-cost shocks and limits room for reinvestment or margin recovery initiatives. Persistently lower profitability can constrain returns on capital, reduce reinvestment capacity and make the business more sensitive to cyclical demand shifts.

Elevated Leverage

Meaningful leverage in a lower-margin manufacturing business limits strategic optionality and increases vulnerability to cash-flow volatility. High debt-to-equity can restrict M&A, capex plans or dividend flexibility and raises refinancing and covenant risks during downturns.

Inconsistent Cash Conversion

Volatility in free-cash-flow growth and weaker annual conversion signal working-cap or timing pressures. Inconsistent cash conversion makes capital allocation harder, can pressure dividend sustainability or debt paydown plans, and increases sensitivity to operational or commodity swings.

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 flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment offers rigid containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. The company sells its products primarily through its direct sales force. Amcor plc was incorporated in 2018 and is headquartered in Zürich, Switzerland.

How the Company Makes Money

Amcor generates revenue primarily through the sale of its packaging products to a diverse customer base in multiple industries. The company operates under a revenue model that includes both direct sales and long-term contracts with major clients, ensuring a steady income stream. Key revenue streams include the production and sale of flexible packaging solutions, rigid containers, and specialty cartons. Amcor also benefits from strategic partnerships with leading brands in the consumer goods and healthcare sectors, which often involve collaborative innovation projects and joint ventures. Additionally, the company's commitment to sustainability and the development of eco-friendly packaging solutions has become a significant factor in attracting environmentally conscious clients, further enhancing its revenue potential.

Amcor PLC Shs Chess Depository Interests Financial Statement Overview

Summary

Revenue momentum improved in the TTM period (+13.2%), and cash generation is generally solid with TTM free cash flow slightly exceeding net income (~1.01). Offsetting this, profitability has weakened materially (TTM net margin ~3.0% vs ~7.1% in 2023), and leverage remains meaningful (TTM debt-to-equity ~1.30), limiting flexibility.

Income Statement

TTM (Trailing-Twelve-Months) revenue growth is strong (+13.2%) versus the latest annual period (+0.1%), indicating improved top-line momentum. However, profitability is modest: TTM net margin is ~3.0% and has declined versus prior years (annual net margin was ~7.1% in 2023 and ~5.4% in 2024), with EBIT margin also lower than the 2022–2023 range. Overall, the business is growing again, but operating efficiency and bottom-line conversion have weakened.

Balance Sheet

Leverage remains meaningful, with TTM debt-to-equity at ~1.30 (similar to 2025 annual ~1.28), which limits balance-sheet flexibility. Return on equity is moderate in TTM (~6.1%) and below the stronger levels seen in 2022–2024, consistent with the recent profitability step-down. Positively, equity is sizable in the latest periods, but the overall profile is still tilted toward higher leverage for a steady, lower-margin packaging business.

Cash Flow

Cash generation is solid: TTM free cash flow slightly exceeds net income (free cash flow to net income ~1.01), suggesting good earnings quality and working-capital discipline. That said, TTM free cash flow growth is modestly negative (-3.6%), and the latest annual period shows weaker conversion (free cash flow to net income ~0.58), pointing to some volatility in cash realization. Operating cash flow remains positive and supportive, but consistency has room to improve.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	19.70B	15.01B	13.64B	14.69B	14.54B	12.86B
Gross Profit	3.58B	2.83B	2.71B	2.73B	2.82B	2.73B
EBITDA	2.46B	1.77B	1.85B	2.13B	1.90B	1.92B
Net Income	598.92M	511.00M	730.00M	1.05B	805.00M	939.00M
Balance Sheet
Total Assets	37.07B	37.07B	16.52B	17.00B	17.43B	17.19B
Cash, Cash Equivalents and Short-Term Investments	1.06B	827.00M	588.00M	689.00M	775.00M	850.00M
Total Debt	16.91B	15.01B	7.19B	6.75B	6.49B	6.29B
Total Liabilities	25.42B	25.33B	12.57B	12.91B	13.29B	12.37B
Stockholders Equity	11.64B	11.73B	3.88B	4.09B	4.14B	4.82B
Cash Flow
Free Cash Flow	1.14B	810.00M	829.00M	735.00M	999.00M	993.00M
Operating Cash Flow	1.61B	1.39B	1.32B	1.26B	1.53B	1.46B
Investing Cash Flow	-2.41B	-2.10B	-476.00M	-308.00M	-510.00M	-228.00M
Financing Cash Flow	1.35B	910.00M	-857.00M	-1.01B	-886.00M	-1.18B

Amcor PLC Shs Chess Depository Interests Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 66.56
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 66.56 is below the 20-day moving average (MA) of 68.68, above the 50-day MA of 65.08, and above the 200-day MA of 64.75, indicating a neutral trend. The MACD of 0.77 indicates Positive momentum. The RSI at 46.38 is Neutral, neither overbought nor oversold. The STOCH value of 6.38 is Positive, 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ORA	59 Neutral	AU$2.54B	11.83	2.55%	4.50%	-55.50%	-25.65%
AMC	57 Neutral	AU$29.99B	26.94	7.73%	6.34%	31.27%	-33.87%
PPG	44 Neutral	AU$3.27M	-0.04	―	―	-11.30%	-609.09%

Amcor PLC Shs Chess Depository Interests Corporate Events

Amcor Updates CDI and Securities Balances for February 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 company also disclosed a reduction in the number of common shares without CDIs, as well as declines in outstanding options and share rights, driven by transmutations between ASX and NYSE listings, new share issuance for share plans, and the net effect of option grants, distributions, and expiries, signaling routine capital management activity rather than a strategic shift.

The most recent analyst rating on (AU:AMC) stock is a Buy with a A$91.25 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.

Amcor Corrects Executive Shareholding After Reverse Stock Split

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 president and chief human resources officer Susana Suarez Gonzalez. The amendment clarifies that 14,000 restricted stock units granted in 2024 vested on 27 February 2026, were converted into ordinary shares adjusted for a recent 1‑for‑5 reverse stock split, and that 5,953 shares were withheld to cover tax obligations, resulting in updated, accurate post‑transaction shareholdings.

The filing underscores Amcor’s effort to maintain accurate executive ownership disclosures following its capital structure change, which can be important for investor assessment of management incentives and alignment. By proactively correcting the earlier reporting error and detailing the treatment of vested equity awards after the reverse split, the company provides greater transparency to shareholders watching insider transactions and governance practices.

The most recent analyst rating on (AU:AMC) stock is a Buy with a A$91.25 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.

Amcor CEO Updates Insider Holdings After RSU Vesting and Reverse Split

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 the vesting and conversion of restricted stock units into ordinary shares, adjusted for Amcor’s recent 1‑for‑5 reverse stock split, and includes share withholding for taxes, signaling routine executive equity compensation activity and updated insider holdings for investors.

The most recent analyst rating on (AU:AMC) stock is a Buy with a A$91.25 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.

Amcor Discloses Insider Form 144 Filing for Planned Share Sale

Amcor plc has notified investors that it has filed a Form 144 with the U.S. Securities and Exchange Commission regarding a proposed sale of securities by company officer Michael Casamento. The filing signals a planned disposition of Amcor shares under Rule 144, which may be closely watched by shareholders as an indicator of insider trading activity but does not, on its own, imply any change in the company’s underlying operations or strategy.

The company, which generates about $23 billion in annualized sales and employs more than 75,000 people across over 400 locations in more than 40 countries, remains focused on delivering sustainable packaging solutions globally. Amcor’s disclosure of the Form 144 aims to maintain transparency with the market and aligns with its obligations as a dual-listed entity on the NYSE and ASX.

The most recent analyst rating on (AU:AMC) stock is a Hold with a A$76.00 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.

Amcor Increases CDIs on Issue as More NYSE Shares Convert to ASX Securities

Amcor Plc has reported its monthly statement of CHESS Depositary Interests (CDIs) for January 2026, showing an increase in CDIs on issue over its quoted securities from 140,466,550 to 141,555,089. Over the same period, the number of underlying common shares over which CDIs have not been issued decreased from 321,579,140 to 320,490,601, reflecting a net conversion of 1,088,539 common shares into CDIs. The filing underscores ongoing transmutation activity between Amcor’s NYSE-listed common shares and ASX-traded CDIs, highlighting the company’s continued engagement with dual-listed capital markets and access for Australian investors to its equity.

The most recent analyst rating on (AU:AMC) stock is a Buy with a A$91.25 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.

Amcor Files Quarterly Form 10-Q for December 2025 Period

Amcor plc has filed its Form 10-Q for the quarter ended 31 December 2025 with the US Securities and Exchange Commission, providing investors and regulators with an update on the company’s financial and operational performance. The filing, which accompanies the company’s dual listings on the NYSE and ASX, underscores Amcor’s ongoing compliance with US reporting standards and offers stakeholders greater transparency into the global packaging group’s quarterly results and capital structure.

The most recent analyst rating on (AU:AMC) stock is a Buy with a A$75.00 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.

Amcor Declares USD 0.65 Quarterly Dividend on ASX-Listed CDIs

Amcor PLC has declared an ordinary quarterly dividend of USD 0.65 per CDI for the period ended 31 December 2025, payable on 17 March 2026 to shareholders on the register as of 25 February 2026, with an ex-dividend date of 24 February 2026. The announcement underlines the company’s ongoing practice of returning capital to investors through regular quarterly distributions, reinforcing income visibility for shareholders in its ASX-listed CDIs and signalling continued confidence in its cash generation and financial position.

The most recent analyst rating on (AU:AMC) stock is a Buy with a A$91.25 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.

Amcor Notifies ASX of Latest Form 8-K Filing with US Regulator

Amcor has notified the Australian Securities Exchange that it has filed a Form 8-K with the US Securities and Exchange Commission, underscoring its ongoing compliance and disclosure obligations as a dual-listed company. The filing signals continued alignment with US reporting standards and provides an administrative update for investors in both its US and Australian markets, reinforcing transparency in its capital markets presence.

The most recent analyst rating on (AU:AMC) stock is a Buy with a A$91.25 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.

Amcor Reports Higher CDI Count on ASX Following Transfers from NYSE-Listed Shares

Amcor PLC has reported an increase in the number of Chess Depository Interests (CDIs) quoted on the ASX over its NYSE-listed shares for December 2025, with CDIs rising to 702.15 million from 697.91 million, a net increase of about 4.24 million. This change reflects net transfers between ASX-quoted CDIs and ordinary shares traded on the NYSE, alongside modest reductions in common shares not covered by CDIs and adjustments in options and share rights due to grants, expiries and distributions, highlighting ongoing capital structure activity but no major change to the overall equity base.

The most recent analyst rating on (AU:AMC) stock is a Hold with a A$13.60 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.

Amcor PLC Announces SEC Filing Reflecting Executive Share Acquisition

Amcor PLC announced the filing of a Form 4 with the US Securities and Exchange Commission, indicating changes in beneficial ownership by its Executive VP, Finance & CFO, Stephen R. Scherger. The transaction involved the acquisition of 121,065 ordinary shares at an average price of $8.3177 per share. This filing reflects Amcor’s ongoing commitment to transparency in its financial operations, potentially impacting investor confidence and market perception.

The most recent analyst rating on (AU:AMC) stock is a Hold with a A$13.60 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.

Amcor PLC Removed from S&P/ASX 50 Index in December 2025 Rebalance

Amcor PLC, a company previously included in the S&P/ASX 50 Index, is being removed from this index as part of the December 2025 quarterly rebalance by S&P Dow Jones Indices. This change, effective December 22, 2025, reflects a shift in the company’s market positioning and may impact its visibility and attractiveness to certain investors, as index inclusion often influences investment decisions.

The most recent analyst rating on (AU:AMC) stock is a Hold with a A$13.60 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.