Yep and we've bounced nicely off the lows. Really like this as a defensive stock. Thinking of adding more.
The company’s share price is fairly valued in terms of its EV/EBITDA of around 10x-11x which is in-line with its historical averages. That said, Amcor will be a relative outperformer because 1) the company's defensive end market exposure (food, beverage, household and healthcare), and 2) its relatively low leverage and investment grade rating versus its peers. Looks like we'll be trading between $13-14 for the foreseeable future. 5% yield is not to be sniffed at either. Long term hold for me.
Spruce Point - short, page-20
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Last
$15.25 |
Change
0.140(0.93%) |
Mkt cap ! $9.120B | |||
| Open | High | Low | Value | Volume |
| $15.25 | $15.27 | $15.22 | $13.69M | 898.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 17443 | $15.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.25 | 28196 | 28 |
View Market Depth
| Last trade - 14.09pm 23/07/2024 (20 minute delay) ? |
| AMC (ASX) Chart |