ORORA LIMITED (ORA)
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ORA

ORA - ORORA LIMITED

FNArena Sector : Paper & Packaging
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.63
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

$1.52

05 Aug
2026

-0.005

OPEN

$1.54

-0.33%

HIGH

$1.56

2,929,991

LOW

$1.52

TARGET
$1.63 7.2% upside
OTHER COMPANIES IN THE SAME SECTOR
AMC . PPG .
FNARENA'S MARKET CONSENSUS FORECASTS
ORA: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 10.8 10.9 xxx
DPS (cps) xxx 10.0 9.3 xxx
EPS Growth xxx - 27.4% 1.5% xxx
DPS Growth xxx 0.0% - 6.7% xxx
PE Ratio xxx N/A 14.0 xxx
Dividend Yield xxx N/A 6.1% xxx
Div Pay Ratio(%) xxx 92.9% 85.4% xxx

Dividend yield today if purchased 3 years ago: 2.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.56

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx10.8
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx2,090.2 M
Book Value Per Share xxxxxxxxxxxxxxx226.3
Net Operating Cash Flow xxxxxxxxxxxxxxx372.7 M
Net Profit Margin xxxxxxxxxxxxxxx3.17 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx2.65 %
Return on Invested Capital xxxxxxxxxxxxxxx1.67 %
Return on Assets xxxxxxxxxxxxxxx1.20 %
Return on Equity xxxxxxxxxxxxxxx2.65 %
Return on Total Capital xxxxxxxxxxxxxxx6.02 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-26.7 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx28 M
Long Term Debt xxxxxxxxxxxxxxx625 M
Total Debt xxxxxxxxxxxxxxx653 M
Goodwill - Gross xxxxxxxxxxxxxxx767 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx257 M
Price To Book Value xxxxxxxxxxxxxxx0.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx266.6 M
Capex % of Sales xxxxxxxxxxxxxxx12.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,609 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx239 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

08/07/2026

3

Downgrade to Neutral from Outperform

$1.55

1.97%

Macquarie suspects the tough conditions are likely to continue for some time for Saverglass, reflecting weak demand and adverse price/mix.

Orora has not indicated any change in guidance since its April update and the broker retains FY27 estimates for EPS that are -16% below consensus.

Saverglass continues to experience the effects of de-premiumisation and a material negative impact on profit. Macquarie now forecasts EUR57m in FY27 European earnings, down -11% on the prior corresponding period.

A Middle East peace deal and lower oil prices are not expected to manifest until the second half of FY27. A 5% buyback is factored in to the broker's estimates and the target is lowered to $1.55 from $1.90. Rating is downgraded to Neutral from Outperform.

FORECAST
Macquarie forecasts a full year FY26 dividend of 9.00 cents and EPS of 11.20 cents.
Macquarie forecasts a full year FY27 dividend of 8.00 cents and EPS of 10.30 cents.

Morgans

xx/xx/xxxx

3

xxxx

$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

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

06/08/2026

3

Neutral

$1.80

18.42%

Jarden maintains a Neutral rating for Orora with a $1.80 target price ahead of FY26 results.

The analyst notes the market will focus on recent trading conditions following April's downgrade, specifically examining the impact of Middle East disruptions and softer demand on the Saverglass division.

While customer results from global alcoholic beverage manufacturers indicate a sequential volume improvement in tequila and vodka, seasonal demand shifts and ongoing uncertainty create a significant headwind for Saverglass earnings through the second half of FY26.

Despite robust volume growth from the Australasian Cans business, the broker's estimates for FY27 core earnings per share were lowered -6% after reconsidering capital expenditure, net finance costs, and free cash flow assumptions.

Expecting financial leverage to remain below 1.5x, the analyst suggests a resumption of the paused share buyback program could provide a positive catalyst, though confidence in Saverglass's earnings trajectory into FY27 is required to close the valuation gap.

FORECAST
Jarden forecasts a full year FY26 EPS of 11.50 cents.
Jarden forecasts a full year FY27 EPS of 11.20 cents.
Access Extra Coverage Research History >

ORA STOCK CHART

FNArena News on ORA

1
Australian Broker Call *Extra* Edition – Aug 06, 2026

Aug 06 2026 - Daily Market Reports
2
Next Week At A Glance – 20-25 Jul 2026

Jul 17 2026 - Weekly Reports
3
Weekly Ratings, Targets, Forecast Changes – 10-07-26

Jul 13 2026 - Weekly Reports
4
Next Week At A Glance – 18-22 May 2026

May 15 2026 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 17-04-26

Apr 20 2026 - Weekly Reports

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