Amcor plc

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF. Base normalized FCF $1.30B (vs $1.23B TTM, reflecting early Berry Global merger synergy capture) growing 8%/8%/7%/6%/5% (yrs1-5) as synergies ramp, then 4%/4%/3.5%/3%/3% (yrs6-10); 8% discount rate; 2.5% terminal growth. PV(FCF yrs1-10) ~$11.83B plus PV(terminal, TV=$39.94B) ~$18.50B equals EV ~$30.33B. Net debt $14.03B (total debt $15.14B post-Berry deal, cash ~$1.11B). Equity value ~$16.30B divided by 461.95M diluted shares.

Reasoning: Amcor is a mature, capital-intensive, low-margin global packaging business post-Berry merger; a DCF anchored to synergy-driven mid-single-digit FCF growth and gradual deleveraging is the appropriate conservative-growth, moderate-multiple approach.