Report
Tim Mann
EUR 147.86 For Business Accounts Only

A mammoth in packaging, Amcor is moving towards industry-leading margins with innovative products.

Following the British decision to leave the European Union, we review our estimates for Amcor. Amcor has negligible operational and currency exposure to the United Kingdom (less than 2% of EBIT), although its exposure to Europe is significantly larger (25% of EBIT). Amcor reports in U.S. dollars and we estimate negative currency translation is largest for euro: U.S dollar exchange, given the potential of lower consumer confidence spilling over into Europe. We note Amcor has a strong balance shee...
Underlying
Amcor PLC Shs Chess Depository Interests Repr 1 Sh

Amcor is a packaging company. Co. has the following reportable segments: Amcor Rigid Plastics, which manufactures rigid plastic containers for a range of primarily beverage and food products; Amcor Flexibles, which represents the aggregation of four operating segments of which each manufactures flexible and film packaging for their respective industries; as well as Other/Investments, which holds Co.'s equity accounted investments in the associate AMVIG Holdings Limited (AMVIG) and the joint venture Discma AG (Discma). AMVIG is mainly involved in the manufacture of tobacco packaging while Discma's operations primarily relate to the development and licensing of packaging product development.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tim Mann

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