A mammoth in packaging, Amcor is moving towards industry-leading margins with innovative products.
We update our financial model for narrow-moat Amcor to reflect the current euro/U.S. dollar futures curve, resulting in an increase in our fair value estimate to AUD 12.50 from AUD 12.00. Amcor generates around one third of group earnings in euros, meaning foreign exchange movements have a material impact on USD-denominated group earnings. We maintain our Australian/U.S. dollar spot exchange rate at 0.74 which determines the fair value of the AUD-denominated shares.The foreign exchange update i...
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.
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.
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