NYSE · BALL

Ball Corporation

Consumer Cyclical · Packaging & Containers

$60.75▼ 0.83% ($0.51)at close

Pre-market$61.17▲ 0.69%7:22 AM ET

52-week

$44.83$68.29

What the market price implies · Reverse DCF

Historical revenue grew by -1.41%/yr over the past 4 years.

Selected forecast · Base scenario

3.64%/yr · actual 10-year annualized revenue growth

Year 1 growth: 5.7%

Market-implied · Base operating assumptions + edited margins

Unavailable · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

No supported revenue growth rate matches this price with these operating assumptions.

Valuation

Recommended · Revenue & margin DCF

Price used

$60.75

Estimated value / share

Unavailable

Base scenario

USD · TTM ending 2026-06-30

Enterprise value of $6.30B does not cover net debt, preferred stock and minority interest of $6.75B, so equity value is negative and no fair value per share can be shown. The projected cash flows are positive; the shortfall is in the equity bridge, not the forecast. This engine cannot separate captive-finance or other non-operating borrowings from operating debt.

Year 1 growth 5.7% · Ending margin 6% · Discount rate 8.11%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 17, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 18, 2026, 11:38 AM UTC · provider

Why this method?

FCFF is positive, but it is still too unstable and too short-lived to anchor even a normalized FCFF DCF. Use revenue and margin assumptions instead of compounding current FCFF.

Is FCFF positive and has it been for 3+ consecutive years? 3 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 864.1%.

Do you have 5+ years of positive FCFF history? Only 3 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveHigh confidence

1Y Price: 23.88%Revenue (TTM): 15.65%FCF (TTM): 119.95%P/FCF: 24th pct

What changed

The stock rose 23.88% over the last year. Revenue grew 15.65% over the trailing twelve months. Operating margin moved from 8.83% to 11.07%. Free cash flow grew 119.95% over the trailing twelve months.

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 24th percentile of their historical P/FCF range.

What would invalidate this read

Operating margin is at 11.07%. Revenue grew 15.65% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.

Performance

Return analysis

Company profile

Ball Corporation serves as a global provider of aluminum packaging solutions for a broad spectrum of industries, including beverages, personal care items, and household goods.

CEORonald J. Lewis

SectorConsumer Cyclical

IndustryPackaging & Containers

Employees16,000

IPO dateJul 13, 1972

https://www.ball.com

Market multiples

Forward P/E—

EV/EBITDA9.72

Enterprise value$20.33B

Stock splits

May 17, 2017↑ Forward

Every 1 shares became 2

+100%

Feb 16, 2011↑ Forward

Every 1 shares became 2

+100%

Aug 24, 2004↑ Forward

Every 1 shares became 2

+100%

Feb 25, 2002↑ Forward

Every 1 shares became 2

+100%

Oct 2, 1985↑ Forward

Every 1 shares became 2

+100%

Oct 4, 1982↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth20.36%

Gross margin (FY2025)14.86%▼0.7ppvs FY2024

Operating margin (FY2025)10.56%▲2.2ppvs FY2024

ROE17.28%▲1.1ppvs FY2025

Analyst consensus

RatingBuy

Target price$75.00▲23.46%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 3, 2026

Q4 FY26 · EPS est $1.05 · Revenue est $3.77B

View

Dividends

$0.80/shareQuarterlyDividend Aristocrat · 31yrSafe

BALL pays a dividend with a 1.32% dividend yield, 31 consecutive years of growth, growing at 4.24% annually, covered 3.6× by free cash flow.

Dividend Yield

1.32%

Annual Div / Share

$0.80

5yr CAGR

+4.24%

Doubles every ~16.7yr

Payout Ratio

22.73%

Safe

Dividend Growth Rate

3yr CAGR

+0%

5yr CAGR

+4.24%

10yr CAGR

+11.9%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$0.80+0.0%

2025$0.80+0.0%

2024$0.80+0.0%

2023$0.80+0.0%

2022$0.80+23.1%

2021$0.65+8.3%

2020$0.60+20.0%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$13/yr

$1/mo

In 5 yrs

$16/yr+23%

$1/mo

In 10 yrs

$20/yr+51%

$2/mo

Today	In 5 yrs	In 10 yrs
$13/yr $1/mo	$16/yr+23% $1/mo	$20/yr+51% $2/mo

Yield-on-cost grows from 1.32% → 1.99% over 10yr

Analysis

Dividend Strengths

Dividend Aristocrat

BALL has raised its dividend for 31 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.

Well-covered by free cash flow

The dividend is covered 3.6× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

No strong risk signal stands out from the latest period pair.

NYSE · BALL

Ball Corporation

Consumer Cyclical · Packaging & Containers

$60.75▼ 0.83% ($0.51)at close

Pre-market$61.17▲ 0.69%7:22 AM ET

52-week

$44.83$68.29

What the market price implies · Reverse DCF

Historical revenue grew by -1.41%/yr over the past 4 years.

Selected forecast · Base scenario

3.64%/yr · actual 10-year annualized revenue growth

Year 1 growth: 5.7%

Market-implied · Base operating assumptions + edited margins

Unavailable · flat 10-year annualized revenue growth

No supported revenue growth rate matches this price with these operating assumptions.

Valuation

Recommended · Revenue & margin DCF

Price used

$60.75

Estimated value / share

Unavailable

Base scenario

USD · TTM ending 2026-06-30

Year 1 growth 5.7% · Ending margin 6% · Discount rate 8.11%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 17, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 18, 2026, 11:38 AM UTC · provider

Why this method?

FCFF is positive, but it is still too unstable and too short-lived to anchor even a normalized FCFF DCF. Use revenue and margin assumptions instead of compounding current FCFF.

Is FCFF positive and has it been for 3+ consecutive years? 3 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 864.1%.

Do you have 5+ years of positive FCFF history? Only 3 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveHigh confidence

1Y Price: 23.88%Revenue (TTM): 15.65%FCF (TTM): 119.95%P/FCF: 24th pct

What changed

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 24th percentile of their historical P/FCF range.

What would invalidate this read

Performance

Return analysis

Company profile

Ball Corporation serves as a global provider of aluminum packaging solutions for a broad spectrum of industries, including beverages, personal care items, and household goods.

CEORonald J. Lewis

SectorConsumer Cyclical

IndustryPackaging & Containers

Employees16,000

IPO dateJul 13, 1972

https://www.ball.com

Market multiples

Forward P/E—

EV/EBITDA9.72

Enterprise value$20.33B

Stock splits

May 17, 2017↑ Forward

Every 1 shares became 2

+100%

Feb 16, 2011↑ Forward

Every 1 shares became 2

+100%

Aug 24, 2004↑ Forward

Every 1 shares became 2

+100%

Feb 25, 2002↑ Forward

Every 1 shares became 2

+100%

Oct 2, 1985↑ Forward

Every 1 shares became 2

+100%

Oct 4, 1982↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth20.36%

Gross margin (FY2025)14.86%▼0.7ppvs FY2024

Operating margin (FY2025)10.56%▲2.2ppvs FY2024

ROE17.28%▲1.1ppvs FY2025

Analyst consensus

RatingBuy

Target price$75.00▲23.46%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 3, 2026

Q4 FY26 · EPS est $1.05 · Revenue est $3.77B

View

Dividends

$0.80/shareQuarterlyDividend Aristocrat · 31yrSafe

BALL pays a dividend with a 1.32% dividend yield, 31 consecutive years of growth, growing at 4.24% annually, covered 3.6× by free cash flow.

Dividend Yield

1.32%

Annual Div / Share

$0.80

5yr CAGR

+4.24%

Doubles every ~16.7yr

Payout Ratio

22.73%

Safe

Dividend Growth Rate

3yr CAGR

+0%

5yr CAGR

+4.24%

10yr CAGR

+11.9%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$0.80+0.0%

2025$0.80+0.0%

2024$0.80+0.0%

2023$0.80+0.0%

2022$0.80+23.1%

2021$0.65+8.3%

2020$0.60+20.0%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$13/yr

$1/mo

In 5 yrs

$16/yr+23%

$1/mo

In 10 yrs

$20/yr+51%

$2/mo

Today	In 5 yrs	In 10 yrs
$13/yr $1/mo	$16/yr+23% $1/mo	$20/yr+51% $2/mo

Yield-on-cost grows from 1.32% → 1.99% over 10yr

Analysis

Dividend Strengths

Dividend Aristocrat

BALL has raised its dividend for 31 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.

Well-covered by free cash flow

The dividend is covered 3.6× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

No strong risk signal stands out from the latest period pair.