2240 GMT - Packaging company Amcor's debt metrics are likely to stay elevated for longer, signals Barrenjoey. Amcor's 3Q cash flow of US$101 million fell short of hopes, as did that of recently acquired Berry. Analyst Brook Campbell-Crawford says the market often does a poor job of profiling Amcor's cash flow, which mostly comes through in 4Q. "Nevertheless, we do believe Amcor's cash earnings persistently underperform its adjusted profit-and-loss earnings," Barrenjoey says. That's partly due to regular FX headwinds from emerging markets and capex. "While Amcor is only trading on 11x our near-term EPS, we don't expect the shares to re-rate given cash conversion remains weak, volume growth is subdued, and there could be structural issues in North America Beverage," says Barrenjoey. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 01, 2025 18:40 ET (22:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。