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 $17.4B against $14.3B — 1.2× the size. Avery Dennison Corporation trades at the lower P/E: 20.5× against 33.6×. Ball Corporation grew revenue faster over the last twelve months: 19.2% against 6.77%. Avery Dennison Corporation has the higher net margin (7.56% vs 3.52%) and the higher return on invested capital (13.0% vs 4.57%). Both pay a dividend; Avery Dennison Corporation yields more (2.05% vs 1.20%). Across the 23 metrics below, Avery Dennison Corporation leads on 17 and Ball Corporation on 6.

Valuation

Metric AVY BALL Packaging & Containers median
P/E 20.53 33.55 20.50
P/S 1.54 1.17 0.84
P/B 6.02 3.07 1.81
Price to free cash flow 14.19 29.31 13.39
EV/EBITDA 11.98 15.63 9.53
EV/Sales 1.85 1.62 1.39
Earnings yield 4.87% 2.98% 2.89%
Free cash flow yield 7.05% 3.41% 5.42%

Profitability

Metric AVY BALL Packaging & Containers median
Gross margin 28.83% 17.84% 20.09%
Operating margin 11.74% 6.10% 6.42%
Net margin 7.56% 3.52% 3.43%
Free cash flow margin 10.82% 3.98% 4.78%
Return on equity 30.80% 9.51% 2.28%
Return on assets 7.85% 2.73% 1.04%
Return on invested capital 12.98% 4.57% 4.57%

Growth

Metric AVY BALL Packaging & Containers median
Revenue growth (TTM) 6.77% 19.23% 4.05%
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 1.33 1.27 0.79
Current ratio 1.16 1.04 1.29
Net debt to EBITDA 2.19 2.83 2.59

Dividend

Metric AVY BALL Packaging & Containers median
Dividend yield 2.05% 1.20% 3.38%
Payout ratio 0.42 0.40 0.60

Size

Metric AVY BALL Packaging & Containers median
Market cap 14.32b 17.42b 3.71b

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