Avery Dennison Corporation (AVY) vs Ball Corporation (BALL)

Avery Dennison Corporation and Ball Corporation are both Packaging & Containers companies. Ball Corporation is the larger, with a market value of $16.6B against $13.3B — 1.2× the size. Ball Corporation trades at the lower P/E: 17.9× against 19.2×. Ball Corporation grew revenue faster over the last twelve months: 15.6% against 5.84%. Avery Dennison Corporation has the higher net margin (7.62% vs 6.61%) and the higher return on invested capital (12.9% vs 7.34%). Both pay a dividend; Avery Dennison Corporation yields more (2.21% vs 1.27%). Across the 23 metrics below, Avery Dennison Corporation leads on 14 and Ball Corporation on 9.

Valuation

Metric AVY BALL Packaging & Containers median
P/E 19.21 17.89 17.11
P/S 1.45 1.17 0.87
P/B 5.76 2.91 1.66
Price to free cash flow 12.86 20.29 13.16
EV/EBITDA 11.39 11.15 9.21
EV/Sales 1.77 1.64 1.35
Earnings yield 5.21% 5.59% 4.96%
Free cash flow yield 7.78% 4.93% 6.15%

Profitability

Metric AVY BALL Packaging & Containers median
Gross margin 28.98% 18.63% 20.03%
Operating margin 11.80% 10.25% 8.36%
Net margin 7.62% 6.61% 4.53%
Free cash flow margin 11.25% 5.77% 5.14%
Return on equity 31.16% 17.15% 11.28%
Return on assets 7.93% 4.89% 4.29%
Return on invested capital 12.93% 7.34% 6.43%

Growth

Metric AVY BALL Packaging & Containers median
Revenue growth (TTM) 5.84% 15.56% 9.10%
EPS growth (last fiscal year) 0.69% (74.62%) 0.69%
Revenue growth, 5-year CAGR 4.90% 2.24% 5.66%
Net income growth, 5-year CAGR 4.36% 9.29% 0.00%

Health

Metric AVY BALL Packaging & Containers median
Debt to equity 1.37 1.25 0.78
Current ratio 1.13 1.07 1.29
Net debt to EBITDA 2.19 2.83 2.65

Dividend

Metric AVY BALL Packaging & Containers median
Dividend yield 2.21% 1.27% 3.14%
Payout ratio 0.43 0.23 0.56

Size

Metric AVY BALL Packaging & Containers median
Market cap 13.33b 16.62b 3.71b

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