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Makes glass bottles, cans and other packaging for beverages and consumer goods, demerged from Amcor.
Makes glass bottles, cans and other packaging for beverages and consumer goods, demerged from Amcor.
Glass furnaces and can lines run continuously and are costly to start and stop, so supply contracts that keep them full matter, and customers are mostly wine, spirits and beverage producers. The company was demerged from Amcor in 2013.
In one line: Australia's Ball Corporation/Owens-Illinois of packaging.
Moat: narrow (scale, installed base). Large-scale glass and can manufacturing plants with entrenched beverage-industry customer relationships.
Headquarters: Melbourne, Australia · Founded: 2013 · Employees: 4,500
Size Orora (ORA.AX) is an Australia Materials company (Containers/Packaging) with a market value of $1.34B, the 154th largest of 316 Australia companies the cockpit tracks. Shares closed at A$1.58 on 6 Nov 2026.
Performance Over six months the shares gained 17.4%, against -10.5% for the median peer and +4.1% for the Australia market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 6.5% over the last twelve months (peer median +0.6%); the operating margin is 10.6% (peer median 6.1%).
Valuation It trades at 15.8× forward earnings against a peer median of 16.5× (10th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is -9%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.7 points below its cost of capital (7.1% WACC).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$2.23B | A$2.23B | A$2.09B | A$1.68B | A$4.29B |
| Revenue growth | — | +6% | +24% | -61% | — |
| Gross profit | A$479M | A$475M | A$481M | A$385M | A$800M |
| EBITDA | A$408M | A$408M | A$401M | A$347M | A$411M |
| Net income | -A$617M | -A$617M | A$143M | A$185M | A$185M |
| Free cash flow | A$79.4M | A$79.4M | A$106M | A$154M | A$60.6M |
| Capital expenditure | A$194M | A$194M | A$267M | A$234M | A$190M |
| Total debt | n/a | A$1.16B | A$653M | A$2.42B | A$1.06B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Orora ORA.AX | $1.34B | +17% | +6% | 11% | 15.8× | 2.5% |
| Amcor AMCR | $20.7B | +14% | +57% | 9% | n/a | 5.8% |
| Ball BALL | $17.2B | +13% | +21% | 11% | 15.3× | 6.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ORA.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.5% | 0.0% | highest of 21 |
| 6-month return | +17.4% | -10.5% | 4th highest of 21 |
| Distance from 52-week high | -34.8% | -29.8% | 10th lowest of 21 |
| Revenue growth (TTM) | +6.5% | +0.6% | 6th highest of 21 |
| Operating margin | 10.6% | 6.1% | 6th highest of 21 |
| Forward P/E | 15.8× | 16.5× | 10th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 2.5% | 2.3% | 7th least demanding of 13 |
| Growth delivered (Del g) | -8.9% | +6.6% | lowest of 13 |
| Hurdle (Req g minus delivered) | +11.4 pp | -3.7 pp | 5th most demanding of 13 |
| ROIC minus cost of capital | -0.7 pp | +0.8 pp | 10th lowest of 21 |
| EV / EBITDA | 6.3× | 7.1× | 2nd cheapest of 8 |
| Net debt / EBITDA | 1.6× | 2.2× | 4th least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Orora ORA.AX | Australia | $1.34B | +17% | +6% | 11% | 15.8× | 2.5% | -8.9% |
| TriMas TRS | United States | $1.37B | -10% | -33% | 5% | 19.1× | n/a | n/a |
| Shenzhen Leaguer 002243.SZ | China | $1.27B | -18% | +5% | -3% | 19.9× | 44.6% | +1.6% |
| Shenzhen Changhong Technology 300151.SZ | China | $1.23B | -12% | -1% | 6% | 59.9× | n/a | n/a |
| Gerresheimer GXI.DE | Germany | $1.21B | +24% | +9% | -4% | 18.0× | 55.8% | +10.3% |
| Shanghai Shunho New Materials Technology 002565.SZ | China | $1.51B | -50% | -15% | -3% | n/a | n/a | n/a |
| Fuji Seal International 7864.T | Japan | $1.18B | +38% | +4% | 9% | 10.8× | -9.5% | +5.9% |
| Jiangsu Hualan New Pharmaceutical Material 301093.SZ | China | $1.53B | -27% | +6% | 5% | 77.4× | 50.9% | +6.7% |
| Shanghai Zijiang Enterprise 600210.SS | China | $1.54B | -3% | -18% | 10% | 11.3× | n/a | n/a |
| Jiamei Food Packaging (Chuzhou) 002969.SZ | China | $1.55B | -56% | -10% | 6% | 86.4× | 22.4% | +7.3% |
| Cascades CAS.TO | Canada | $1.15B | +49% | +1% | 5% | 9.2× | -1.9% | +3.1% |
| Suzhou Hycan 002787.SZ | China | $1.09B | -10% | 0% | 7% | 36.4× | n/a | n/a |
| ORG Technology 002701.SZ | China | $1.65B | -22% | +24% | 5% | 9.6× | -5.2% | +15.8% |
| Taiwan Hon Chuan Enterprise 9939.TW | Taiwan | $1.07B | +7% | 0% | 15% | 10.2× | n/a | n/a |
| Huangshan Novel 002014.SZ | China | $1.02B | +5% | +9% | 12% | 15.7× | n/a | n/a |
| Elopak ELO.OL | Norway | $1.01B | -11% | 0% | 9% | 11.8× | -8.3% | +7.7% |
| Zhejiang Great Shengda Packing 603687.SS | China | $995M | -30% | +1% | 3% | 32.6× | n/a | n/a |
| Zhejiang Zhongxin Environmental Protection Technology 603091.SS | China | $991M | -20% | +31% | 22% | 14.5× | 7.8% | +4.4% |
| Shandong Pharmaceutical Glass 600529.SS | China | $1.85B | 0% | -9% | 18% | 16.5× | -2.4% | +5.5% |
| Xiamen Jihong 002803.SZ | China | $956M | -16% | +12% | 6% | 21.3× | 6.4% | +8.8% |
| Winpak WPK.TO | Canada | $1.91B | +12% | +3% | 15% | 12.5× | -10.9% | +6.6% |