MeritValue

Amcor plc

AMCRdata completeness 100%9 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$12.9B1$14.5B2$14.7B3$13.6B3$15B3
Net income$939M4$805M5$1.05B6$730M6$511M6
Operating cash flow$1.46B7$1.53B8$1.26B9$1.32B9$1.39B9
Capital expenditure$468M10$527M11$526M12$492M12$580M12
Free cash flow (derived)$993M7$999M8$735M9$829M9$810M9
Total debt$98M13$136M14$80M15$84M16$116M16
Cash & equivalents$850M17$775M18$689M19$588M20$827M20
Diluted shares1.56B1.52B1.48B1.44B1.59B

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
6.3e-7%
of the whole company
Your share of last year’s profit
$3.21
Your share of its debt
$0.73
Your share of free cash flow
$5.08
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$7.32
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth0.0%
  • fcfBase$810M
DCF · Growth Exit 5Y
$7.89
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth0.0%
  • fcfBase$810M
Earnings Power Value
$5.32
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$805M
  • growthAssumed0.0%
Graham Number
$7.28
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

iv. The price question — last, on purpose
What does today’s price assume?
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years0.0%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $7.89

Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 10-K · period ending 2021-06-30 · accession 0001748790-23-000030 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-06-30 · accession 0001748790-24-000022 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-06-30 · accession 0001748790-25-000023 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-06-30 · accession 0001748790-23-000030 (NetIncomeLoss)
  5. 10-K · period ending 2022-06-30 · accession 0001748790-24-000022 (NetIncomeLoss)
  6. 10-K · period ending 2023-06-30 · accession 0001748790-25-000023 (NetIncomeLoss)
  7. 10-K · period ending 2021-06-30 · accession 0001748790-23-000030 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-06-30 · accession 0001748790-24-000022 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-06-30 · accession 0001748790-25-000023 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-06-30 · accession 0001748790-23-000030 (PaymentsToAcquireProductiveAssets)
  11. 10-K · period ending 2022-06-30 · accession 0001748790-24-000022 (PaymentsToAcquireProductiveAssets)
  12. 10-K · period ending 2023-06-30 · accession 0001748790-25-000023 (PaymentsToAcquireProductiveAssets)
  13. 10-K · period ending 2021-06-30 · accession 0001748790-22-000024 (ShortTermBorrowings)
  14. 10-K · period ending 2022-06-30 · accession 0001748790-23-000030 (ShortTermBorrowings)
  15. 10-K · period ending 2023-06-30 · accession 0001748790-24-000022 (ShortTermBorrowings)
  16. 10-K · period ending 2024-06-30 · accession 0001748790-25-000023 (ShortTermBorrowings)
  17. 10-K · period ending 2021-06-30 · accession 0001748790-22-000024 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-06-30 · accession 0001748790-23-000030 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-06-30 · accession 0001748790-24-000022 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-06-30 · accession 0001748790-25-000023 (CashAndCashEquivalentsAtCarryingValue)