ORORA LIMITED (ORA)
Share Price Analysis and Chart

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ORA - ORORA LIMITED

FNArena Sector : Paper & Packaging
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 2.58
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

$2.62

06 Dec
2023

0.080

OPEN

$2.55

3.15%

HIGH

$2.62

3,510,399

LOW

$2.53

TARGET
$3.47 32.4% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AMC . PGH . PPG . SES .
FNARENA'S MARKET CONSENSUS FORECASTS
ORA: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 20.5 21.0 xxx
DPS (cps) xxx 16.4 16.1 xxx
EPS Growth xxx 1.2% 2.6% xxx
DPS Growth xxx 6.1% - 1.5% xxx
PE Ratio xxx N/A 12.5 xxx
Dividend Yield xxx N/A 6.1% xxx
Div Pay Ratio(%) xxx 79.8% 76.6% xxx

Dividend yield today if purchased 3 years ago: 6.10%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.24

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: 01/09 - ex-div 9c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx20.5
DPS All xxxxxxxxxxxxxxx16.4
Sales/Revenue xxxxxxxxxxxxxxx4,291.3 M
Book Value Per Share xxxxxxxxxxxxxxx88.8
Net Operating Cash Flow xxxxxxxxxxxxxxx250.3 M
Net Profit Margin xxxxxxxxxxxxxxx4.31 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx24.13 %
Return on Invested Capital xxxxxxxxxxxxxxx11.52 %
Return on Assets xxxxxxxxxxxxxxx6.51 %
Return on Equity xxxxxxxxxxxxxxx24.13 %
Return on Total Capital xxxxxxxxxxxxxxx16.44 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-82.8 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx204 M
Long Term Debt xxxxxxxxxxxxxxx856 M
Total Debt xxxxxxxxxxxxxxx1,060 M
Goodwill - Gross xxxxxxxxxxxxxxx484 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx58 M
Price To Book Value xxxxxxxxxxxxxxx3.46

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx189.7 M
Capex % of Sales xxxxxxxxxxxxxxx4.42 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,492 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx512 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx9 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

0.6

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

07/09/2023

3

Downgrade to Hold from Add

$3.00

14.50%

Morgans highlights the acquisition of Saverglass for -$2.2bn comes with both execution and integration risks and forecasts the transaction will be 5% EPS in FY25 and 9% accretive in the third year (FY27) of full ownership.

The size of the deal creates heightened risks to Orora's future earnings growth, and, after incorporating the $1.35bn equite raise, the broker downgrades its rating to Hold from Add. The target falls to $3.00 from $4.05.

After allowing for synergies, management is targeting EPS accretion of mid-single digits in FY25, which the analyst considers modest.

France-based Saverglass manafactures premium and ultra-premium glass bottles, servicing luxury spirits and wine producers globally.

FORECAST
Morgans forecasts a full year FY24 dividend of 17.50 cents and EPS of 23.20 cents.
Morgans forecasts a full year FY25 dividend of 19.50 cents and EPS of 25.90 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

ORA STOCK CHART

FNArena News on ORA

1
Rudi’s View: Bear&Bull Market To Continue (?) In 2024

Dec 06 2023 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 01-12-23

Dec 04 2023 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Nov 14, 2023

Nov 14 2023 - Daily Market Reports
4
ESG Focus: Day Of The TRIFRS

Nov 09 2023 - ESG Focus
5
Australian Broker Call *Extra* Edition – Oct 31, 2023

Oct 31 2023 - Daily Market Reports

Latest Paper & Packaging News

1
Two Quality Stocks For When The Tide Goes Out

Jul 22 2022 - Australia
2
Orora Packing a Punch With Growth Initiatives

May 04 2022 - Australia
3
Despite Constraints, Amcor Remains Resilient

Nov 04 2021 - Australia
4
Will Cost Pressures Surface At Amcor?

May 06 2021 - Australia
5
Amcor Sets The Stage For Further M&A

Feb 04 2021 - Australia
6
Confidence Increases Around Amcor

Nov 09 2020 - Australia
7
Orora Surprises With Growth In North America

Oct 22 2020 - Australia
8
Amcor A Trailblazer In The Future Of Plastic

Oct 01 2020 - Australia
9
Treasure Chest: Options Aplenty For Orora

Jul 03 2020 - Treasure Chest
10
Next Week At A Glance – 15-19 Jun 2020

Jun 12 2020 - Weekly Reports