Company Valuation: Ball Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 31,181 16,054 18,136 16,452 14,195 14,831 - -
Change - -48.51% 12.97% -9.28% -13.72% 4.48% - -
Enterprise Value (EV) 1 38,355 24,454 26,010 21,240 19,995 20,532 20,270 19,924
Change - -36.24% 6.36% -18.34% -5.86% 2.68% -1.27% -1.71%
P/E 36.3x 22.7x 25.8x 4.24x 16.1x 16x 13.7x 12.1x
PBR 8.52x 4.64x 4.82x 2.72x 2.7x 2.6x 2.39x 2.15x
PEG - -1.5x -29.03x 0x -0.2x 2.58x 0.8x 0.9x
Capitalization / Revenue 2.26x 1.05x 1.29x 1.39x 1.08x 0.99x 0.95x 0.93x
EV / Revenue 2.78x 1.59x 1.85x 1.8x 1.52x 1.38x 1.3x 1.25x
EV / EBITDA 18x 12.5x 12.3x 10.9x 9.8x 9.51x 8.89x 8.26x
EV / EBIT 24.2x 17.2x 16.7x 14.4x 12.9x 12.5x 11.5x 10.5x
EV / FCF 1,128x -18.1x 31.8x -57.6x 25.4x 20.7x 18.8x 16.9x
FCF Yield 0.09% -5.52% 3.14% -1.74% 3.94% 4.83% 5.33% 5.92%
Dividend per Share 2 0.7 0.8 0.8 0.8 0.8 0.7996 0.8348 0.9
Rate of return 0.73% 1.56% 1.39% 1.45% 1.51% 1.43% 1.49% 1.61%
EPS 2 2.65 2.25 2.23 13 3.3 3.505 4.098 4.627
Distribution rate 26.4% 35.6% 35.9% 6.15% 24.2% 22.8% 20.4% 19.5%
Net sales 1 13,811 15,349 14,029 11,795 13,161 14,925 15,548 15,924
EBITDA 1 2,133 1,957 2,112 1,944 2,041 2,158 2,281 2,412
EBIT 1 1,585 1,420 1,561 1,472 1,554 1,646 1,768 1,889
Net income 1 878 719 707 4,008 912 926.6 1,046 1,154
Net Debt 1 7,174 8,400 7,874 4,788 5,800 5,700 5,439 5,093
Reference price 2 96.27 51.14 57.52 55.13 52.97 56.03 56.03 56.03
Nbr of stocks (in thousands) 323,894 313,920 315,301 298,426 267,987 264,703 - -
Announcement Date 27/01/22 02/02/23 01/02/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.48x1.33x8.09x6.25% 19.34B
18.33x2.93x8.26x3.35% 18.13B
15.99x1.38x9.51x1.43% 14.83B
17.93x1.75x10.68x2.33% 12.93B
14.19x1.2x7.83x1.33% 11.33B
18.22x2.17x10.31x1.53% 11.3B
30.33x1.13x8.36x2.69% 9.11B
22.72x2.03x9.76x1.61% 7.7B
Average 18.90x 1.74x 9.10x 2.57% 13.09B
Weighted average by Cap. 17.96x 1.78x 9.00x 2.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield