ORORA LIMITED (ORA)
Share Price Analysis and Chart

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ORA - ORORA LIMITED

FNArena Sector : Paper & Packaging
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 4.26
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Orora is an Australian manufacturer of flexible and rigid packaging and visual communication solutions with operations in Australia, Asia and North America. It listed in 2013 following a de-merger from Amcor.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.50

20 Nov
2024

-0.030

OPEN

$2.52

-1.19%

HIGH

$2.52

3,097,564

LOW

$2.48

TARGET
$2.658 6.3% upside
OTHER COMPANIES IN THE SAME SECTOR
AMC . PGH . PPG .
FNARENA'S MARKET CONSENSUS FORECASTS
ORA: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 14.8 15.0 xxx
DPS (cps) xxx 10.0 10.3 xxx
EPS Growth xxx - 27.6% 1.4% xxx
DPS Growth xxx - 38.8% 2.8% xxx
PE Ratio xxx N/A 16.5 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx 67.4% 68.3% xxx

Dividend yield today if purchased 3 years ago: 2.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.03

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: 30/08 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx14.8
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx4,697.6 M
Book Value Per Share xxxxxxxxxxxxxxx156.2
Net Operating Cash Flow xxxxxxxxxxxxxxx387.6 M
Net Profit Margin xxxxxxxxxxxxxxx3.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx12.81 %
Return on Invested Capital xxxxxxxxxxxxxxx6.11 %
Return on Assets xxxxxxxxxxxxxxx4.09 %
Return on Equity xxxxxxxxxxxxxxx12.81 %
Return on Total Capital xxxxxxxxxxxxxxx11.13 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-16.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx105 M
Long Term Debt xxxxxxxxxxxxxxx2,313 M
Total Debt xxxxxxxxxxxxxxx2,418 M
Goodwill - Gross xxxxxxxxxxxxxxx1,131 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx275 M
Price To Book Value xxxxxxxxxxxxxxx1.26

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx260.8 M
Capex % of Sales xxxxxxxxxxxxxxx5.55 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,782 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx561 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx24 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

0.2

No. Of Recommendations

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

05/09/2024

3

Neutral

$2.45

-2.00%

UBS notes the divestment of Orora's US packaging distribution business will allow for debt repayment and a degearing of the balance sheet to below the target range, with capex of -$130m pulled forward on the expansion of Cans at Rocklea.

The company will now be more concentrated on beverage packaging, the analyst highlights, with around 50% of earnings before interest and tax from Australasian operations.

Saverglass represents the other 50% with exposure to the premium spirit and wine markets in EU/US. Production is currently running at 60% because of Spirits market de-stocking.

Neutral retained with $2.45 target price with possible capital returns for shareholders.

FORECAST
UBS forecasts a full year FY25 EPS of 16.00 cents.
UBS forecasts a full year FY26 EPS of 19.00 cents.

Morgan Stanley

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Goldman Sachs

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Jarden

17/10/2024

1

Buy

$2.70

8.00%

Jarden has returned from research restriction with a Buy rating on Orora and a $2.70 target price.

The broker believes the outlook for the company remains mixed, but the risk of further disappointment on earnings has declined with Saverglass restocking improving.

Sale of OPS will also boost Orora's balance sheet with net proceeds of $1.7bn. Buy. $2.70 target price.

FORECAST
Jarden forecasts a full year FY25 dividend of 9.70 cents and EPS of 14.10 cents.
Jarden forecasts a full year FY26 dividend of 11.90 cents and EPS of 17.00 cents.
Access Extra Coverage Research History >

ORA STOCK CHART

FNArena News on ORA

1
Australian Broker Call *Extra* Edition – Oct 22, 2024

Oct 22 2024 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Oct 17, 2024

Oct 17 2024 - Daily Market Reports
3
The Drinks Are On Orora

Sep 09 2024 - Australia
4
Australian Broker Call *Extra* Edition – Sep 09, 2024

Sep 09 2024 - Daily Market Reports
5
Next Week At A Glance – 9-13 Sep 2024

Sep 06 2024 - Weekly Reports

Latest Paper & Packaging News

1
The Drinks Are On Orora

Sep 09 2024 - Australia
2
Orora Awaiting The End Of Destocking

Apr 24 2024 - Australia
3
Destocking Remains Amcor’s Hobgoblin

Feb 08 2024 - Australia
4
Two Quality Stocks For When The Tide Goes Out

Jul 22 2022 - Australia
5
Orora Packing a Punch With Growth Initiatives

May 04 2022 - Australia
6
Despite Constraints, Amcor Remains Resilient

Nov 04 2021 - Australia
7
Will Cost Pressures Surface At Amcor?

May 06 2021 - Australia
8
Amcor Sets The Stage For Further M&A

Feb 04 2021 - Australia
9
Confidence Increases Around Amcor

Nov 09 2020 - Australia
10
Orora Surprises With Growth In North America

Oct 22 2020 - Australia