BLL (Update)
Ball Corp
Industrial/Transportation
09/25/2017
Presented
| Date | 09/22/2017 |
| Price | $41.00 |
| Market Cap | $14.72B |
| Ent Value | $22.37B |
| P/E Ratio | 80.39x |
| Book Value | $10.25 |
| Div Yield | 0.98% |
| Shares O/S | 358.98M |
| Ave Daily Vol | 2,080,480 |
| Short Int | 5.79% |
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 business 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 is an update to: BLL - Long, which was originally presented on 11/16/2016 at $38.25.
Publicly traded companies mentioned herein: Ball Corp (BLL)
Highlights
The presenter remains long shares of Ball (BLL), seeing upside from significant share repurchase activity over the next two years. He thinks BLL shares have been largely “abandoned” following the Rexam acquisition; the stock currently trades in a rare period of depressed valuation, and with the potential for $2B of the outstanding shares to be repurchased the risk/reward is favorable. He models $3.40 in 2019 earnings, and assigns a 16x multiple for a $55 price target.
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