AMBP - Ardagh Metal Packaging S.A.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$4.52
DETAILS
HIGH:
$5.00
LOW:
$4.25
MEDIAN:
$4.30
CONSENSUS:
$4.52
UPSIDE:
11.88%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 5,497 | 4,908 | 4,812 | 4,689 | 4,055 | 3,451 | 3,344 | 3,338 |
| Cost of Revenue | 4,938 | 4,278 | 4,338 | 4,163 | 3,439 | 2,903 | 2,832 | 2,808 |
| Gross Profit | 559 | 630 | 474 | 526 | 616 | 548 | 512 | 530 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 283 | 288 | 246 | 212 | 418 | 189 | 165 | 149 |
| Other Expenses | 0 | 140 | 152 | 138 | 151 | 149 | 149 | 0 |
| Operating Expenses | 283 | 428 | 398 | 350 | 569 | 338 | 314 | 384 |
| Operating Income | ||||||||
| Operating Income | 276 | 202 | 76 | 176 | 47 | 210 | 198 | 228 |
| Interest Expense | 209 | 205 | 161 | 132 | 126 | 155 | 174 | 0 |
| Interest Income | 0 | (5) | 5 | 0 | 0 | 0 | 170 | 171 |
| Profitability | ||||||||
| EBITDA | 739 | 629 | 508 | 743 | 281 | 604 | 449 | 512 |
| EBIT | 276 | 180 | 90 | 384 | (62) | 289 | 159 | 228 |
| Income Before Tax | 4 | 10 | (71) | 256 | (188) | 140 | (15) | (25) |
| Income Tax Expense | (7) | 13 | (21) | 19 | 22 | 29 | 25 | 50 |
| Net Income | 11 | (3) | (50) | 237 | (210) | 111 | (40) | (75) |
| Per Share Data | ||||||||
| EPS (Basic) | -0.02 | -0.05 | -0.12 | 0.39 | -0.39 | 0.18 | -0.07 | -0.12 |
| EPS (Diluted) | -0.02 | -0.05 | -0.12 | 0.39 | -0.39 | 0.18 | -0.07 | -0.12 |
| Shares Outstanding | 597.7 | 597.7 | 597.6 | 601 | 538.8 | 603.3 | 603.3 | 603.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 522 | 602 | 434 | 555 | 435 | 257 | 284 | 148 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 125 | 23 | 0 | 0 |
| Net Receivables | 734 | 618 | 581 | 748 | 694 | 507 | 318 | 410 |
| Inventory | 509 | 382 | 469 | 567 | 407 | 250 | 268 | 238 |
| Other Current Assets | 75 | 28 | 21 | 38 | 0 | (0.4) | 101 | 79 |
| Total Current Assets | 1,840 | 1,630 | 1,505 | 1,908 | 1,661 | 1,037 | 971 | 875 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 2,515 | 2,480 | 2,628 | 2,390 | 1,842 | 1,232 | 1,076 | 953 |
| Goodwill | 1,035 | 966 | 999 | 976 | 1,010 | 1,055 | 1,003 | 1,014 |
| Intangible Assets | 146 | 257 | 383 | 497 | 652 | 829 | 934 | 1,085 |
| Long-Term Investments | 2 | 2 | 0 | 9 | 7 | 9 | 0 | 0 |
| Other Non-Current Assets | 141 | 63 | 92 | 31 | 82 | 4 | 82 | 96 |
| Total Non-Current Assets | 3,839 | 3,832 | 4,164 | 3,957 | 3,664 | 3,217 | 3,095 | 3,148 |
| Total Assets | 5,679 | 5,462 | 5,669 | 5,865 | 5,325 | 4,254 | 4,066 | 4,023 |
| Current Liabilities | ||||||||
| Account Payables | 1,611 | 1,041 | 1,091 | 1,060 | 1,261 | 843 | 619 | 556 |
| Short-Term Debt | 118 | 105 | 94 | 68 | 66 | 54 | 42 | 697 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 46 | 323 | 301 | 31 | 13 | 270 | 225 |
| Total Current Liabilities | 1,729 | 1,448 | 1,522 | 1,464 | 1,400 | 969 | 931 | 1,478 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 3,933 | 3,797 | 3,640 | 3,524 | 2,831 | 2,793 | 2,605 | 1,931 |
| Deferred Tax Liabilities | 117 | 141 | 136 | 158 | 207 | 203 | 0 | 0 |
| Other Non-Current Liabilities | 207 | 212 | 265 | 264 | 601 | 241 | 385 | 367 |
| Total Non-Current Liabilities | 4,625 | 4,150 | 4,041 | 3,946 | 3,639 | 3,237 | 3,123 | 2,405 |
| Total Liabilities | 6,354 | 5,598 | 5,563 | 5,410 | 5,039 | 4,206 | 4,054 | 3,883 |
| Stockholders' Equity | ||||||||
| Common Stock | 7 | 267 | 267 | 267 | 7 | 63 | 16 | 148 |
| Retained Earnings | (972) | (738) | (469) | (144) | (120) | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | (54) | (5,660) | (5,687) | (5,657) | (5,593) | (15) | (4) | (8) |
| Total Stockholders' Equity | (683) | (142) | 100 | 455 | 286 | 48 | 12 | 140 |
| Total Liabilities & Equity | 5,679 | 5,462 | 5,669 | 5,865 | 5,325 | 4,254 | 4,066 | 4,023 |
| Debt Metrics | ||||||||
| Total Debt | 4,419 | 3,902 | 3,734 | 3,592 | 2,897 | 2,847 | 2,780 | 2,735 |
| Net Debt | 3,897 | 3,300 | 3,300 | 3,037 | 2,462 | 2,590 | 2,496 | 2,587 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 11 | (3) | (50) | 237 | (210) | 111 | (40) | (75) |
| Depreciation & Amortization | 463 | 449 | 418 | 359 | 343 | 315 | 295 | 284 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 0 | 40 | 270 | (202) | 16 | 7 | 102 | 18 |
| Other Non-Cash Items | (25) | (49) | (1) | (208) | 287 | (128) | 20 | 45 |
| Operating Cash Flow | 449 | 450 | 616 | 205 | 458 | 334 | 377 | 272 |
| Investing Activities | ||||||||
| Capital Expenditure | (184) | (187) | (379) | (596) | (687) | (268) | (201) | (184) |
| Acquisitions | 0 | 0 | 0 | 0 | (5) | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (12) | (10) | (10) | (7) | (5) | (4) | 2 |
| Investing Cash Flow | (184) | (179) | (378) | (595) | (691) | (268) | (205) | (182) |
| Financing Activities | ||||||||
| Net Debt Issuance | 241 | 191 | (82) | 540 | (16) | (43) | (10) | (19) |
| Stock Repurchased | 0 | 0 | 0 | (36) | 0 | 0 | 0 | 0 |
| Dividends Paid | (262) | (264) | (263) | (251) | 0 | 0 | 0 | 0 |
| Other Financing Activities | (353) | (8) | (3) | (11) | (455) | (55) | (26) | (71) |
| Financing Cash Flow | (374) | (81) | (348) | 499 | 454 | (98) | (36) | (90) |
| Cash Position | ||||||||
| Net Change in Cash | (88) | 167 | (112) | 92 | 206 | (27) | 136 | (2) |
| Cash at Beginning | 610 | 443 | 555 | 463 | 257 | 284 | 148 | 150 |
| Cash at End | 522 | 610 | 443 | 555 | 463 | 257 | 284 | 148 |
| Free Cash Flow | 265 | 263 | 237 | (391) | (229) | 66 | 176 | 88 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 5,497 | 4,908 | 4,812 | 4,689 | 4,055 | 3,451 | 3,344 | 3,338 |
| Gross Profit | 559 | 630 | 474 | 526 | 616 | 548 | 512 | 530 |
| Operating Income | 276 | 202 | 76 | 176 | 47 | 210 | 198 | 228 |
| Net Income | 11 | (3) | (50) | 237 | (210) | 111 | (40) | (75) |
| EPS (Diluted) | -0.02 | -0.05 | -0.12 | 0.39 | -0.39 | 0.18 | -0.07 | -0.12 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 522 | 602 | 434 | 555 | 435 | 257 | 284 | 148 |
| Total Assets | 5,679 | 5,462 | 5,669 | 5,865 | 5,325 | 4,254 | 4,066 | 4,023 |
| Total Debt | 4,419 | 3,902 | 3,734 | 3,592 | 2,897 | 2,847 | 2,780 | 2,735 |
| Stockholders' Equity | (683) | (142) | 100 | 455 | 286 | 48 | 12 | 140 |
| Cash Flow | ||||||||
| Operating Cash Flow | 449 | 450 | 616 | 205 | 458 | 334 | 377 | 272 |
| Capital Expenditure | (184) | (187) | (379) | (596) | (687) | (268) | (201) | (184) |
| Free Cash Flow | 265 | 263 | 237 | (391) | (229) | 66 | 176 | 88 |