Ball Corp

Industrials
Containers/Packaging
www.ball.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $17.50B
PE 4
Debt $6.00B
Cash $1.44B
EV $22.05B
FCF -$241.00M

Earnings

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Sales & Net Margins

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Earnings	$4.19B
EBIT	$1.06B
ROE	62%
ROA	6%
FCF	-$241.00M
Equity	$6.76B
Growth Stability	97%
PE	4.17
PEG	0.1
PB	2.59
P/FCF	-72.62
P/S	1.42
Price/Cash	0.08
Debt/Equity	0.89
Debt/FCF	-24.88
Net Margins	45%
Gross Margins	21%
Op. Margins	9%
Earnings CAGR	26%
Sales Growth YoY	-14%
Sales Growth QoQ	4%
Sales CAGR	6%
FCF CAGR	-3%
Equity CAGR	12%
Earnings Stability	0.66
Earnings Growth YoY	-3%
Earnings Growth QoQ	25%
Earnings CAGR 5Y	42%

Sales CAGR 5Y	4%
FCF CAGR 5Y	-6%
Equity CAGR 5Y	17%
Earnings CAGR 3Y	-5%
Sales CAGR 3Y	-5%
FCF CAGR 3Y	16%
Equity CAGR 3Y	28%
Market Cap	$17.50B
Revenue	$12.32B
Dividend Yield	1%
Payout Ratio	6%
Assets	$18.82B
Total Debt	$6.00B
Cash	$1.44B
Shares Outstanding	302.41M
EV	22.05B
Earnings Score	90%
Moat Score	88%
Safety Score	68%
Final Score	82%
Working Capital	483M
Current Ratio	1.09
Gross Profit	$2.55B
Shares Growth 3y	-2%
Equity Growth QoQ	-3%
Equity Growth YoY	69%

Assets & ROA

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Stockholders Equity & ROE

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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 four segments - beverage packaging, North and Central America (43% of revenue), beverage packaging, EMEA (25%), beverage packaging, South America (15%), aerospace (14%) - and it generated $13.8 billion in revenue in 2021.

SEC Filings

Direct access to Ball Corp (BALL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Ball Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Ball Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 26%

Stability 66%

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Ball Corp Discounted Cash Flow

Fully customizable DCF calculator online for Ball Corp.

Years

Calculation mode

= -$2B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$241M	-$234M	-$226M	-$219M	-$213M	-$206M	-$200M	-$194M	-$188M	-$182M	-$176M	-$1.8B
DCF		-$212M	-$187M	-$165M	-$145M	-$128M	-$113M	-$99M	-$88M	-$77M	-$68M	-$679M
Value	-$2B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	5%	4%	3%	3%	4%	5%	5%	6%	5%	5%	45%
ROA	-	6%	3%	5%	6%	5%	5%	7%	6%	7%	6%
ROE	-	22%	7%	9%	13%	18%	17%	24%	20%	18%	62%

Good Net Margins (45.32%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	10.83	-18.5	7.68	8.98	9.77	24.5	227.65	-7.37	11.52	-24.88
Debt over Equity	2.5	4.11	2.15	1.75	1.89	3.07	2.34	2.1	2.82	2.46	0.89
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	97%	97%

Good Debt/FCF ratio (-24.88)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.89)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (97%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-7%	13%	21%	6%	-1%	3%	17%	11%	-9%	4%
Earnings YoY growth	-	-40%	-6%	42%	21%	18%	9%	51%	-18%	-2%	42%
Equity YoY growth	-	2%	181%	14%	-12%	-15%	11%	10%	-4%	9%	17%
FCF YoY growth	-	-23%	-186%	-324%	-19%	27%	-66%	-89%	-4K%	-161%	-6%