ORORA LIMITED (ORA)
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ORA

ORA - ORORA LIMITED

FNArena Sector : Paper & Packaging
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 2.85
Index: ASX200 | ASX300 | ALL-ORDS

Orora is a packaging company focused on beverage packaging and related services, with operations in Australasia and through Saverglass in Europe/North America. Remove the old North American Packaging Solutions reference.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.515

25 Aug
2026

0.045

OPEN

$1.46

3.06%

HIGH

$1.52

8,435,705

LOW

$1.46

TARGET
$1.59 5.0% upside
OTHER COMPANIES IN THE SAME SECTOR
AMC . PPG .
FNARENA'S MARKET CONSENSUS FORECASTS
ORA: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx - 49.5 9.6 xxx
DPS (cps) xxx 9.0 8.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 10.0% - 8.3% xxx
PE Ratio xxx N/A 15.4 xxx
Dividend Yield xxx N/A 5.6% xxx
Div Pay Ratio(%) xxx N/A 85.7% xxx

Dividend yield today if purchased 3 years ago: 2.56%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.08

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/02 - (franking ex-div 5.00c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-49.5
DPS All xxxxxxxxxxxxxxx9.0
Sales/Revenue xxxxxxxxxxxxxxx2,225.9 M
Book Value Per Share xxxxxxxxxxxxxxx158.0
Net Operating Cash Flow xxxxxxxxxxxxxxx273.7 M
Net Profit Margin xxxxxxxxxxxxxxx-27.70 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-25.53 %
Return on Invested Capital xxxxxxxxxxxxxxx-18.73 %
Return on Assets xxxxxxxxxxxxxxx-13.32 %
Return on Equity xxxxxxxxxxxxxxx-25.53 %
Return on Total Capital xxxxxxxxxxxxxxx6.99 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-45.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx31 M
Long Term Debt xxxxxxxxxxxxxxx1,129 M
Total Debt xxxxxxxxxxxxxxx1,160 M
Goodwill - Gross xxxxxxxxxxxxxxx706 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx513 M
Price To Book Value xxxxxxxxxxxxxxx0.88

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx194.3 M
Capex % of Sales xxxxxxxxxxxxxxx8.73 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,751 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx243 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

14/08/2026

3

Neutral

$1.55

2.31%

Macquarie found Orora's FY26 earnings broadly in line. Guidance is for lower earnings in FY27 driven by Saverglass and higher D&A. The broker sees downside risk to FY27 consensus.

For Saverglass, the Middle East conflict has exacerbated cost of living pressures, Macquarie notes; however, there are other structural factors at play including a focus on health & wellbeing driving lower alcohol consumption, increased GLP1 usage and the rise of ready-to-drinks.

The adverse price/mix is likely to persist for Saverglass in the near term, Macquarie warns, combined with a lack of visibility. The buyback re-start is positive and likely to provide near-term share price support, but the broker needs to see improved spirits demand and end to de-premiumisation.

Neutral and $1.55 target retained.

FORECAST
Macquarie forecasts a full year FY27 dividend of 8.00 cents and EPS of 9.90 cents.
Macquarie forecasts a full year FY28 dividend of 8.00 cents and EPS of 11.30 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

17/08/2026

3

Neutral

$1.70

12.21%

Jarden retains a Neutral rating for Orora with its target price decreased to $1.70 from $1.80 following a challenging FY26 result featuring a -1% core earnings per share consensus miss.

The analyst observes near-term risks to broader market forecasts, noting current consensus models sit considerably above the broker's estimates for net profit after tax across FY27 and FY28.

To align with softer expectations, the broker's estimates incorporate an -8% reduction to FY27 core earnings per share alongside a -7% decrease for FY28.

Despite these headwinds, commentary highlights strong cans volume performance and a robust balance sheet support planned capital returns of $90m during FY27.

A likely second-half skew to guidance delivery keeps the broker on the sidelines.
Access Extra Coverage Research History >

ORA STOCK CHART

FNArena News on ORA

1
Australian Broker Call *Extra* Edition – Aug 17, 2026

Aug 17 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 14-08-2026

Aug 14 2026 - Australia
3
FNArena Corporate Results Monitor – 13-08-2026

Aug 13 2026 - Australia
4
Australian Broker Call *Extra* Edition – Aug 13, 2026

Aug 13 2026 - Daily Market Reports
5
Treasure Chest: Orora

Aug 12 2026 - Treasure Chest

Latest Paper & Packaging News

1
Amcor Confident In Berry On Top

Feb 07 2025 - Australia
2
The Drinks Are On Orora

Sep 09 2024 - Australia
3
Orora Awaiting The End Of Destocking

Apr 24 2024 - Australia
4
Destocking Remains Amcor’s Hobgoblin

Feb 08 2024 - Australia
5
Two Quality Stocks For When The Tide Goes Out

Jul 22 2022 - Australia
6
Orora Packing a Punch With Growth Initiatives

May 04 2022 - Australia
7
Despite Constraints, Amcor Remains Resilient

Nov 04 2021 - Australia
8
Will Cost Pressures Surface At Amcor?

May 06 2021 - Australia
9
Amcor Sets The Stage For Further M&A

Feb 04 2021 - Australia
10
Confidence Increases Around Amcor

Nov 09 2020 - Australia