Ball Corp
BALL
Metal Cans
Mkt Cap
$16.88BPE
27.76Debt
$11.42BCash
$1.349BEV
$26.95BFCF
$433MP/E Ratio
27.76Debt
$11.42BCash
$1.349BEV
$26.95BFCF
$433MBall Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. It operates through four segments: Beverage Packaging, North and Central America; Beverage Packaging, Europe, Middle East and Africa; Beverage Packaging, South America; and Aerospace. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages. It also develops spacecraft, sensors and instruments, radio frequency systems, and other technologies for the civil, commercial, and national security aerospace markets, as well as offers defense hardware, antenna and video tactical solutions, civil and operational space hardware, and systems engineering services. In addition, the company designs, manufactures, and tests satellites, remote sensors, and ground station control hardware and software; and provides launch vehicle integration and satellite operational services. Further, it offers target identification, warning, and attitude control systems and components; cryogenic systems and associated sensor cooling devices; star trackers; and fast-steering mirrors to the government agencies or their prime contractors. Additionally, the company manufactures and sells extruded aluminum aerosol containers, recloseable aluminum bottles, aluminum cups, and aluminum slugs. Ball Corporation was founded in 1880 and is headquartered in Westminster, Colorado.
Sector
DCF
Discounted Cash Flow Valuation of Ball Corp
Value
Growth
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%
Discount
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Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $433M | $397.3M | $364.6M | $334.5M | $306.9M | $281.6M | $258.4M | $237.1M | $217.6M | $199.6M | $183.2M | $1.832B |
| DCF | $345.5M | $275.7M | $219.9M | $175.5M | $140M | $111.7M | $89.14M | $71.12M | $56.75M | $45.28M | $452.8M | |
| Value | $1.983B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 14%
Earnings Stability 56%
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 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 5.5% | 3.5% | 2.9% | 3.4% | 3.9% | 4.7% | 4.9% | 6.4% | 4.7% | 4.3% |
| ROA | 11% | 6.2% | 2.9% | 4.7% | 5.6% | 5.4% | 5.5% | 6.5% | 6.1% | 5.8% |
| ROE | 38% | 22% | 7.4% | 9.2% | 13% | 18% | 17% | 24% | 20% | 15% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +4.66%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.4%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +5.64%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +0.28%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +16.89%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +2.53%.
Safety & Stabiliy
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 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 4.99 | 10.83 | -18.50 | 7.68 | 8.98 | 9.77 | 24.50 | 227.65 | -7.37 | 26.37 |
| Debt Equity | 2.50 | 4.11 | 2.15 | 1.75 | 1.89 | 3.07 | 2.34 | 2.10 | 2.82 | 2.85 |
| MIN | ||||||||||
| Graham Stability | - | - | 68% | 100% | 100% | 100% | 100% | 100% | 100% | 68% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 26.37.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 17.01.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.68.
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 | 12-2015 | 12-2017 | 12-2019 | 12-2021 | Trend |
|---|---|---|---|---|---|
| Revenue | 9.8% | 6.9% | 10% | 11% | 1.1% |
| Net Income | 14% | 14% | 10% | -18% | 2.4% |
| Stockholders Equity | 16% | -2.7% | 5.3% | -4.3% | -5.3% |
| FCF | - | - | - | - | -12% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +6.92%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +1.13%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +13.96%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +2.41%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is -2.71%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -5.29%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -11.98%.