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: ASX100 | ASX200 | ASX300 | ALL-ORDS

Orora is an Australian manufacturer of flexible and rigid packaging and visual communication solutions with operations in Australia, Asia and North America. It listed in 2013 following a de-merger from Amcor.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.31

19 Aug
2025

-0.040

OPEN

$2.33

-1.70%

HIGH

$2.34

3,052,712

LOW

$2.29

TARGET
$2.342 1.4% 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 13.5 xxx
DPS (cps) xxx 10.0 9.9 xxx
EPS Growth xxx - 27.4% 25.6% xxx
DPS Growth xxx 0.0% - 0.6% xxx
PE Ratio xxx N/A 17.1 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx 92.9% 73.6% xxx

Dividend yield today if purchased 3 years ago: 2.79%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.33

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: 30/08 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

15/08/2025

3

Neutral

$2.40

3.90%

UBS assesses Orora delivered a solid FY25 result, with earnings (EBIT) beating expectations by 3% on stronger Saverglass performance and Cans volume growth at the upper end of long-term averages.

While destocking in Saverglass appears largely complete and 2H25 volumes improved 9% sequentially, the broker cautions global wine and spirits demand remains weak, reflecting ongoing cyclical and structural pressures.

For FY26, Saverglass earnings is guided broadly in line with FY25 as volume growth and cost savings are offset by mix shifts and higher depreciation, while Cans earnings is expected to rise on added capacity.

UBS lifts FY26 earnings forecasts on higher Saverglass earnings and favourable FX, though higher interest guidance is partly offset by a lower tax rate.

With leverage reduced to 0.7 times following the North American Packaging Solutions divestment, UBS sees capacity for further buybacks but maintains a Neutral rating given subdued end-market conditions. The target price increases to $2.40 from $2.10.

FORECAST
UBS forecasts a full year FY26 dividend of 11.00 cents and EPS of 13.00 cents.
UBS forecasts a full year FY27 dividend of 11.00 cents and EPS of 14.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

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

18/08/2025

1

Upgrade to Buy from Overweight

$2.60

12.55%

Jarden notes Orora's FY25 result showed the Saverglass unit has stabilised, beating consensus, with the overall result broadly in line.

FY26 outlook surprised to the upside, with Australasia Cans EBIT in line with consensus, Gawler slightly lower but Saverglass better than expected.

The broker reckons lower capex is a big positive for cash flow, and while consensus may need to temper FY26 NPAT expectations, the stabilisation at Saverglass and cash generation should underpin confidence.

Target rises to $2.60 from $2.35 on DCF assumption revisions, lower capex and roll-forward. Rating upgraded to Buy from Overweight.

FORECAST
Jarden forecasts a full year FY26 dividend of 10.10 cents and EPS of 13.60 cents.
Jarden forecasts a full year FY27 dividend of 12.50 cents and EPS of 16.80 cents.
Access Extra Coverage Research History >

ORA STOCK CHART

FNArena News on ORA

1
Rudi’s View: Early August Signals & Observations

Aug 20 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – Aug 18, 2025

Aug 18 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 15-08-2025

Aug 15 2025 - Australia
4
Rudi’s View: Charter Hall, Droneshield, Pinnacle, WiseTech & More

Jul 03 2025 - Rudi's View
5
Rudi’s View: ANZ, Aurizon, Cochlear, Newmont, Telix & More

Jun 26 2025 - Rudi's View

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