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Ball Corp BALL

Morningstar Rating
$60.66 +0.23 (0.38%)
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Company Report

Ball: Investor Day Highlights Eco-Friendly Packaging and Long-Term Growth Plans

Narrow-moat-rated Ball held its investor day during June 18 trading. The company directed the spotlight toward its view on environmental consciousness in the aluminum packaging industry and how its product portfolio is poised to benefit from this secular tailwind. As we have noted before, we share the view that aluminum cans will benefit in the long term from a shift toward eco-friendly packaging, with Ball particularly well positioned to capitalize. On balance, the investor day did not reveal any new information to materially alter our valuation, but it did offer guidance on the firm’s strategy for both growth and productivity gains as a pure-play aluminum packaging manufacturer following the sale of its aerospace business earlier this year. As such, we have maintained our fair value estimate of $60 per share.

Price vs Fair Value

BALL is trading at a 878% premium.
Price
$60.66
Fair Value
$82.00
Uncertainty
High
1-Star Price
$35.00
5-Star Price
$26.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Ball's capacity expansion plans should amplify the firm's growth prospects. New products and shifts in consumer preferences will drive volume growth.

Bears

Ball’s capacity expansion plans could prove aggressive and leave the company at risk of significant amounts of excess capacity should demand moderate.

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News

Trading Information

Previous Close Price
$60.43
Day Range
$60.2961.37
52-Week Range
$42.8171.32
Bid/Ask
$60.02 / $60.77
Market Cap
$18.83 Bil
Volume/Avg
4.7 Mil / 2.0 Mil

Key Statistics

Price/Earnings (Normalized)
20.92
Price/Sales
1.43
Dividend Yield (Trailing)
1.32%
Dividend Yield (Forward)
1.32%
Total Yield
2.29%

Company Profile

Ball is the world's largest metal can manufacturer with market share over 40% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball maintains a small presence in the U.S. defense industry through its aerospace segment. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments—beverage packaging, North and Central America (43% of 2023 revenue), beverage packaging, EMEA (24%), beverage packaging, South America (14%)—and it generated $14 billion in revenue in 2023.
Sector
Consumer Cyclical
Industry
Packaging & Containers
Stock Style Box
Mid Core
Total Number of Employees
21,000

Competitors

Valuation

Metric
BALL
OI
CCK
Price/Earnings (Normalized)
20.924.9313.68
Price/Book Value
2.601.023.79
Price/Sales
1.430.250.79
Price/Cash Flow
39.432.037.95
Price/Earnings
BALL
OI
CCK

Financial Strength

Metric
BALL
OI
CCK
Quick Ratio
0.890.460.71
Current Ratio
1.211.021.19
Interest Coverage
2.600.762.57
Quick Ratio
BALL
OI
CCK

Profitability

Metric
BALL
OI
CCK
Return on Assets (Normalized)
3.75%3.39%4.65%
Return on Equity (Normalized)
16.58%17.98%29.56%
Return on Invested Capital (Normalized)
8.26%8.82%9.24%
Return on Assets
BALL
OI
CCK
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Economic Moat
Market Cap
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