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Ball
(NYSE:BALL)
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Rating:63Neutral
Price Target:
$62.00
â–¼(-3.85% Downside)
Action:Reiterated
Date:05/09/26
The score is primarily driven by solid underlying fundamentals with improving operational performance and upbeat, numeric 2026 guidance, partially offset by weaker cash flow consistency and rising leverage. Technical indicators are a notable drag given bearish momentum and trading below key moving averages, while valuation appears fair with only a modest dividend yield.
Positive Factors
Steady profitability & strong ROE
Sustained mid‑teens ROE and double‑digit EBIT margins indicate Ball converts sales into profit efficiently. This profit durability supports reinvestment, dividends and buybacks, and signals competitive manufacturing economics in beverage packaging versus peers over the medium term.
Negative Factors
Rising leverage
An upward drift in leverage reduces financial flexibility and raises sensitivity to interest costs or demand shocks. Higher net leverage constrains capacity to fund opportunistic M&A or absorb cyclical EBITDA declines without pressuring ratings, covenants or capital returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady profitability & strong ROE
Sustained mid‑teens ROE and double‑digit EBIT margins indicate Ball converts sales into profit efficiently. This profit durability supports reinvestment, dividends and buybacks, and signals competitive manufacturing economics in beverage packaging versus peers over the medium term.
Read all positive factors
Ball Key Performance Indicators (KPIs)
Any
Revenue From Contracts with Customer
Tracks income from customer agreements, providing insight into the stability and predictability of revenue streams.
Tracks income from customer agreements, providing insight into the stability and predictability of revenue streams.
Data provided by:
The Fly
The FlyBall (BALL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.88B
Dividend Yield1.53%
Average Volume (3M)2.79M
Price to Earnings (P/E)18.2
Beta (1Y)0.42
Revenue Growth14.00%
EPS Growth82.84%
CountryUS
Employees16,000
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)3.48
Shares Outstanding266,246,520
10 Day Avg. Volume3,063,104
30 Day Avg. Volume2,791,408
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)2.68
Price to Sales (P/S)1.10
P/FCF Ratio18.44
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue1.65
Enterprise Value/Gross Profit10.48
Enterprise Value/Ebitda10.55
Forecast
1Y Price Target
$68.83Price Target Upside6.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)4
Revenue Forecast (FY)$14.48B
Ball Business Overview & Revenue Model
Company Description
Ball Corporation serves as a global provider of aluminum packaging solutions for a broad spectrum of industries, including beverages, personal care items, and household goods. Its extensive reach covers the United States, Brazil, and numerous inte...
How the Company Makes Money
Ball makes money primarily by manufacturing and selling aluminum beverage packaging to customers such as beverage brand owners and bottlers. Its core revenue stream is the sale of aluminum cans (and can ends) produced at its plants, typically unde...
Ball Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call presented a predominately positive operational and financial picture: management delivered better‑than‑expected operating performance (10% comparable operating earnings growth) and strong EPS growth (+22% YoY), reinforced by disciplined capital allocation (EVA), a clear shareholder return plan ($800M), and confidence in full‑year objectives (10%+ EPS growth, >$900M free cash flow). Near‑term headwinds exist (Q1 South America softness, $35M start‑up costs, elevated corporate costs, and commodity/energy inflation), but many are described as transitory or managed via pass‑throughs and operating levers. On balance, highlights—both quantitative (EPS, operating earnings, cash flow guidance, EMEA acquisition) and qualitative (operational discipline, contract portfolio, high utilization)—outweigh the manageable lowlights, supporting a constructive outlook for 2026 and the longer term.Positive Updates
Modest Volume Growth
Global ship beverage volumes increased approximately 1% year‑over‑year in Q1 2026, with slightly stronger-than-expected volumes in North America, in-line performance in EMEA, and a recovery in April (enterprise volumes up mid-single digits in April).
Negative Updates
South America Volume Weakness in Q1
South America volumes declined mid‑single digits year‑over‑year in Q1 2026 due to customer timing and inventory positions coming into the quarter, creating near‑term headwinds (though April recovery was strong).
Read all updates
Q1-2026 Updates
Positive
Negative
Modest Volume Growth
Global ship beverage volumes increased approximately 1% year‑over‑year in Q1 2026, with slightly stronger-than-expected volumes in North America, in-line performance in EMEA, and a recovery in April (enterprise volumes up mid-single digits in April).
Read all positive updates
Company Guidance
Ball’s guidance and Q1 readthrough was clear and numeric: in Q1 global ship volumes were up nearly 1%, comparable operating earnings rose 10% year‑over‑year and comparable diluted EPS was $0.94 (up 22%); North & Central America volumes were low‑single‑digit with segment operating earnings +2.5%, EMEA volumes low‑single‑digit with segment operating earnings +20%, and South America volumes down mid‑single‑digits with flat segment operating earnings. For full‑year 2026 the company expects 10%+ comparable diluted EPS growth, enterprise volume growth roughly 2%–3% (NA 1%–3% at the low end, EMEA above the 3%–5% long‑term range, South America ~4%–6%), 2x operating‑leverage targets in key regions, free cash flow > $900M, a 2026 comparable effective tax rate slightly above 23%, interest expense around $320M, capex roughly in line with GAAP D&A, reported adjusted corporate undistributed costs ≈ $175M, year‑end net debt/EBITDA ~2.7x, at least $600M of share repurchases (total shareholder returns $800M), and about $35M of Millersburg/start‑up costs hitting later this year with full Millersburg ramp in 2027.Ball Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.64B | 13.16B | 11.80B | 12.02B | 15.29B | 13.93B |
| Gross Profit | 2.14B | 1.96B | 1.84B | 1.72B | 1.75B | 2.03B |
| EBITDA | 2.13B | 2.09B | 1.46B | 1.76B | 1.88B | 1.98B |
| Net Income | 937.00M | 912.00M | 4.01B | 707.00M | 719.00M | 878.00M |
Balance Sheet | ||||||
| Total Assets | 19.77B | 19.52B | 17.63B | 19.30B | 19.91B | 19.71B |
| Cash, Cash Equivalents and Short-Term Investments | 730.00M | 1.21B | 893.00M | 695.00M | 548.00M | 563.00M |
| Total Debt | 7.81B | 7.01B | 6.02B | 8.57B | 9.40B | 8.16B |
| Total Liabilities | 14.15B | 14.10B | 11.70B | 15.47B | 16.38B | 16.03B |
| Stockholders Equity | 5.60B | 5.42B | 5.86B | 3.77B | 3.46B | 3.63B |
Cash Flow | ||||||
| Free Cash Flow | 596.00M | 788.00M | -369.00M | 818.00M | -1.37B | 34.00M |
| Operating Cash Flow | 1.15B | 1.26B | 115.00M | 1.86B | 283.00M | 1.76B |
| Investing Cash Flow | -755.00M | -656.00M | 5.00B | -1.05B | -768.00M | -1.64B |
| Financing Cash Flow | -135.00M | -344.00M | -4.79B | -662.00M | 485.00M | -894.00M |
Ball Technical Analysis
Positive
64.48
Price Trends
57.85
Positive
60.31
Positive
55.53
Positive
Market Momentum
1.65
Negative
74.25
Negative
91.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BALL, the sentiment is Positive. The current price of 64.48 is above the 20-day moving average (MA) of 58.19, above the 50-day MA of 57.85, and above the 200-day MA of 55.53, indicating a bullish trend. The MACD of 1.65 indicates Negative momentum. The RSI at 74.25 is Negative, neither overbought nor oversold. The STOCH value of 91.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BALL.
Ball Risk Analysis
Ball disclosed 27 risk factors in its most recent earnings report. Ball reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ball Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $21.22B | 28.87 | 15.95% | 2.42% | 7.86% | -13.88% | |
64 Neutral | $3.84B | 4.34 | 35.34% | 3.19% | -29.32% | -9.87% | |
63 Neutral | $16.88B | 18.22 | 17.29% | 1.53% | 14.00% | 82.84% | |
63 Neutral | $12.66B | 17.95 | 24.33% | 1.01% | 7.06% | 35.16% | |
63 Neutral | $4.90B | 17.44 | 12.47% | 1.97% | 9.55% | -1.62% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $20.81B | 31.47 | 5.80% | 6.20% | 64.83% | -48.00% |
* Consumer Cyclical Sector Average
BALL
Ball
63.39
5.82
10.11%
CCK
Crown Holdings
113.29
6.47
6.05%
GEF
Greif Class A
75.18
8.72
13.11%
PKG
Packaging
238.20
41.78
21.27%
SLGN
Silgan Holdings
46.39
-8.99
-16.24%
AMCR
Amcor
45.00
-0.57
-1.26%
Ball Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Ball Shareholders Approve Directors, Pay and Incentive Plan
Positive
Apr 29, 2026
At its April 29, 2026 annual meeting of shareholders, Ball’s investors approved the company’s slate of directors, with all nominees, including John A. Bryant, Ronald J. Lewis, and others, receiving sufficient votes despite some opposit...
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.