ORORA LIMITED (ORA)
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ORA

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

$2.20

20 Feb
2025

-0.010

OPEN

$2.19

-0.45%

HIGH

$2.22

7,775,215

LOW

$2.19

TARGET
$2.448 11.3% 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 11.9 xxx
DPS (cps) xxx 10.0 9.3 xxx
EPS Growth xxx - 27.6% - 19.9% xxx
DPS Growth xxx - 38.8% - 7.4% xxx
PE Ratio xxx N/A 18.2 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx 67.4% 77.9% xxx

Dividend yield today if purchased 3 years ago: 2.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.63

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 © 2025 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

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

14/02/2025

1

Outperform

$2.50

13.64%

Orora posted continuing EBIT in the first half that was below Macquarie's estimates.

The result was considered "messy" and complicated by the discontinued operations whilst Saverglass experienced the strongest order book in 18 months, although this needs to flow through to actual sales.

The weakness in Australian commercial wine continues to weigh on the business and offset better exports to China. Cans remain the bright spot, the broker adds.

Buybacks will recommence post the result. Outperform retained. Target is reduced to $2.50 from $2.84.

FORECAST
Macquarie forecasts a full year FY25 dividend of 10.00 cents and EPS of 11.30 cents.
Macquarie forecasts a full year FY26 dividend of 11.00 cents and EPS of 15.60 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$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

3

xx-xxxxxxx xx xxxxxxx

$xx.xx

xx.xx%

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Jarden

17/02/2025

2

Downgrade to Overweight from Buy

$2.40

9.09%

Jarden misinterpreted Orora's guidance at the 1H25 result alluding to a "mid-30's" EBIT ambition longer term for its glass manufacturing segment, as representing a half-year EBIT contribution. This meant the broker essentially doubled the stated ambition in its forward forecasts

The broker has now unwound this overestimate over FY26-27, resulting in a downgrade to its recently revised core EPS forecasts.

Target price cut to $2.4 from $2.6, and rating downgraded to Overweight from Buy.

FORECAST
Jarden forecasts a full year FY25 dividend of 10.00 cents and EPS of 11.40 cents.
Jarden forecasts a full year FY26 dividend of 10.90 cents and EPS of 15.50 cents.
Access Extra Coverage Research History >

ORA STOCK CHART

FNArena News on ORA

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 21-02-25

Feb 21 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Feb 20, 2025

Feb 20 2025 - Daily Market Reports
3
Rudi’s View: More Beats In Early Feb Results

Feb 19 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – Feb 17, 2025

Feb 17 2025 - Daily Market Reports
5
FNArena Corporate Results Monitor – 14-02-2025

Feb 14 2025 - Australia

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