# Ball Corporation (BALL) — Stock CV

Ball Corporation is a $15.5B industrial company. Revenue grew 15.6% over the last year, it keeps 7¢ of every dollar of sales as profit, and its net debt equals ~7.0 years of free cash flow. It trades at 16.3× earnings — in the cheapest third of its own history.

> Ball is the world's largest metal can manufacturer with market share over 30% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies.

## Identity

- **Ticker**: BALL
- **Sector**: Industrials
- **Industry**: Metal Cans
- **Headquarters**: WESTMINSTER, CO
- **Employees**: 16 000
- **Website**: https://www.ball.com
- **Market cap**: $15.5B
- **Last price**: $58.46
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $14.3B
- **Net income**: $947M
- **Free cash flow**: $827M
- **Net debt**: $5.80B
- **P/E**: 16.3
- **Revenue growth (YoY)**: 15.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 85 |
| Growth | 46 |
| Profitability | 57 |
| Health | 52 |
| Quality | 82 |
| Moat | 28 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +15.6% YoY
- [x] Profitable — $947M TTM
- [x] Profit growing — +13.7% YoY
- [x] Generates cash — $827M TTM
- [ ] Debt under control — ~7.0y of cash flow to repay
- [x] Established company — $15.5B market cap
- [x] Not printing shares — -18.9% shares over ~5y
- [x] Proven track record — 9/9 profitable years
- [x] Financially stable — Altman Z 2.0 — grey
- [x] Pays a dividend — yield 1.39%
- [x] Valuation not extreme — P/E 16.3

## Experience (career milestones)

- **FY2024** — Best year on record: $4.01B net income
- **2020** — Ball acquired the naming rights of Pepsi Center in Downtown Denver and renamed it Ball Arena
- **FY2017** — Revenue crossed $10B: $11.0B for the year
- **FY2016** — Profitable every year on record: 9 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $9.06B in first reported year
- **2016** — Ball acquired British firm Rexam plc to become the world's largest producer of aluminum beverage cans
- **Mar 6, 2009** — The Ball Aerospace-built Kepler space telescope carrying the largest camera ever sent by NASA…
- **2006** — Sensing an opportunity to expand its packaging business in other categories, Ball entered the steel aerosol business…
- **1996** — Ball no longer produces glass mason jars and left the home canning business altogether in 1996 by spinning off a…
- **Jul 13, 1972** — Ball Corporation's stock went public on July 13, 1972
- **1969** — Renamed the Ball Corporation in 1969, it acquired Jeffco Manufacturing Company, a maker of recyclable aluminum…
- **1922** — The business was renamed the Ball Brothers Company in 1922 and the Ball Corporation in 1969
- **1898** — Ball machine, patented in 1898, introduced mass production into its glass-blowing process and gave it a competitive…
- **1886** — The Ball brothers renamed their business the Ball Brothers Glass Manufacturing Company, incorporated in 1886

## Strengths

- Revenue growing 15.6% year over year

## Watch-outs

- Net debt would take ~8.6 years of free cash flow to repay
- Net debt equals ~7.0 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $13.8B | $878M | $34.0M |
| FY2022 | $15.3B | $719M | -$1.35B |
| FY2023 | $14.0B | $707M | $818M |
| FY2024 | $11.8B | $4.01B | -$369M |
| FY2025 | $13.2B | $912M | $788M |

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Source: https://stockcv.com/BALL — derived from company filings; may be delayed or incomplete. Information, not investment advice.