Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Ball Corporation

BALL stock analysis · Materials · Metal, Glass & Plastic Containers

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$62.40HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$16.6B

Price × SEC outstanding shares. Shares measured 2026-05-01. Approximate; share and price dates can differ.

View share-count filing ↗
Derived operating income

Derived consolidated continuing-operation operating income: revenue less cost of sales excluding D&A, D&A, SG&A and the signed business-consolidation/other-activities line. Retains its operating restructuring, impairment and disposal gains/losses, including the FY2025 net credit. Excludes separately presented financing interest, debt-refinancing costs and equity-affiliate earnings. No depreciation, amortization or operating special charges are added back. Applies only to FY2024 and FY2025. Read the financial statement ↗

Valuation

DCF value

$44.95

Equity cash-flow scenario · SEC outstanding shares at 2026-05-01 · -28.0% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

13.0%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

63.8%

18 sector peers · median 29.8×

How this is calculated ↗
Valuation

Historical multiples

23.3×

7 annual observations · snapshot P/E 18.2× · -21.7% versus history

How this is calculated ↗
Valuation

Free cash flow yield

4.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

10.4%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

66/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

10.8%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-1.9%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

8.2%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.9B2020-12-31: cfo $1,432,000,000.002020-12-31: capex $1,113,000,000.0020202021-12-31: cfo $1,760,000,000.002021-12-31: capex $1,726,000,000.0020212022-12-31: cfo $301,000,000.002022-12-31: capex $1,651,000,000.0020222023-12-31: cfo $1,863,000,000.002023-12-31: capex $1,045,000,000.0020232024-12-31: cfo $115,000,000.002024-12-31: capex $484,000,000.0020242025-12-31: cfo $1,262,000,000.002025-12-31: capex $474,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$56.38$61.52$67.04
10.0%$41.32$44.95$48.86
12.0%$32.60$35.37$38.34

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3113.2B915M1.3B474M19.5B
2024-12-3111.8B4B115M484M17.6B
2023-12-3112.1B711M1.9B1B19.3B
2022-12-3113.4B732M301M1.7B19.9B
2021-12-3113.8B878M1.8B1.7B19.7B
2020-12-3111.8B582M1.4B1.1B18.3B
2019-12-3111.5B536M1.5B598M17.4B
2018-12-3111.6B453M1.6B816M16.6B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue13.2BRevenueFromContractWithCustomerIncludingAssessedTax2026-02-19
netIncome915MProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-19
Parent/common earnings proxy912MNetIncomeLossAvailableToCommonStockholdersBasic2026-02-19
cfo1.3BNetCashProvidedByUsedInOperatingActivities2026-02-19
capex474MPaymentsToAcquirePropertyPlantAndEquipment2026-02-19
operatingIncome1.4BReviewed manual correction
Derived consolidated continuing-operation operating income: revenue less cost of sales excluding D&A, D&A, SG&A and the signed business-consolidation/other-activities line. Retains its operating restructuring, impairment and disposal gains/losses, including the FY2025 net credit. Excludes separately presented financing interest, debt-refinancing costs and equity-affiliate earnings. No depreciation, amortization or operating special charges are added back. Applies only to FY2024 and FY2025.
2026-02-19
assets19.5BAssets2026-02-19
equity5.4BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-19
Parent book equity proxy5.4BStockholdersEquity2026-02-19
debt7BLongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities2026-02-19
shortDebtNot reported under a supported tag
cash1.2BCashAndCashEquivalentsAtCarryingValue2026-02-19
shares276MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-19
dividends220MPaymentsOfDividendsCommonStock2026-02-19
buybacks1.3BPaymentsForRepurchaseOfCommonStock2026-02-19
issuanceNot reported under a supported tag