We Raise Our Dividend Forecasts as Amcor's Balance Sheet Regains Strength

Amcor’s strategy revolves around strategic acquisitions and divestments, market share growth, and investment in capacity and capabilities. We see several merits to its strategy, which has led to organic and acquisitive growth and average annual returns on invested capital of 16% over the five years to fiscal 2025, comparing favorably against a weighted average cost of capital of 8%.