BLL
Ball Corp
Industrial/Transportation
11/22/2016
Presented
| Date | 11/16/2016 |
| Price | $38.25 |
| Market Cap | $13.59B |
| Ent Value | $22.12B |
| P/E Ratio | 42.03x |
| Book Value | $10.63 |
| Div Yield | 0.69% |
| Shares O/S | 355.40M |
| Ave Daily Vol | 2,591,648 |
| Short Int | 8.20% |
Current
| Price | $66.03 |
| Market Cap | $20.04B |
| Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following segments: Metal Beverage Packaging, Americas and Asia; Metal Beverage Packaging, Europe; Metal Food and Household Products Packaging; and Aerospace and Technologies. The Metal Beverage Packaging, Americas and Asia, segment consists of the metal beverage packaging, Americas, operations in the U.S., Canada and Brazil, and the metal beverage packaging, Asia, operations in the People's Republic of China. The Metal Beverage Packaging, Europe, segment consists of operations in several countries in Europe, which manufactures and sells metal beverage containers, extruded aluminum aerosol containers and aluminum slugs. The Metal Food and Household Products Packaging, segment consists of operations in the U.S., Canada, Mexico and Argentina, which manufactures and sells metal food, aerosol, paint and general line containers, as well as decorative specialty containers, extruded aluminum aerosol containers and aluminum slugs. The Aerospace and Technologies segment consists of the manufacture and sale of aerospace and other related products and the providing of services used in the defense, civil space and commercial space industries. The company was founded by Edmund Burke Ball, Frank Clayton Ball, George A. Ball, Lucius Lorenzo Ball and William Charles Ball in 1880 and is headquartered in Broomfield, CO. |
Please note, this stock split on 05/17/2017 at a ratio of 2/1. The presented data has been updated to account for the change, however, the text of the note may refer to data based on the original presented price of $76.49.
Publicly traded companies mentioned herein: Ball Corporation (BLL), The Coca-Cola Co (KO), Crown Holdings Inc (CCK)
Highlights
Aluminum cans have been a historically steady global growth story (+2% per year), and the presenter is long shares of Ball Corporation (BLL) - the world’s largest beverage can manufacturer - at $76. He sees the potential for steady business performance and disciplined capital deployment (i.e., share repurchase activity) to drive earnings growth at a higher rate than the Street is forecasting over the next 2-3 years; and the presenter thinks Chairman, President & CEO John Hayes is a capable leader. If his assumptions prove to be accurate the stock should trade up to $100 over the next 12-18 months (15x $6.70/ share of earnings, which is the lower-end of his target annual EPS run-rate range for late 2018/ early 2019).
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