Ball Corporation

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $850M normalized FCF base (TTM FCF $827M, adjusted slightly up for easing capex program); 6% FCF growth years 1-5 (beverage-can volume recovery, price/mix); 3% years 6-10; 8% discount rate; 2.5% terminal growth; $7.08B net debt; 264.70M shares outstanding.

Reasoning: Ball is a mature, capital-intensive aluminum packaging manufacturer with stable, largely contracted cash flows tied to global beverage-can demand; a multi-stage FCF DCF captures the 2026 volume rebound followed by the more moderate long-term growth typical of the packaging industry, which is more appropriate than extrapolating the cyclical near-term growth rate.