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Ardagh Metal Packaging S.A. (AMBP) 10-Year Financial Performance & Capital Metrics

AMBP • • Industrial / General
Consumer CyclicalPackagingMetal PackagingBeverage Can Manufacturers
AboutArdagh Metal Packaging S.A. supplies metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine. The company serves beverage producers. The company is based in Luxembourg, Luxembourg. Ardagh Metal Packaging S.A. is a subsidiary of Ardagh Group S.A.Show more
  • Revenue $4.91B +2.0%
  • EBITDA $651M +31.8%
  • Net Income -$3M +94.0%
  • EPS (Diluted) -0.05 +62.3%
  • Gross Margin 12.84% +30.3%
  • EBITDA Margin 13.26% +29.2%
  • Operating Margin 4.12% +160.6%
  • Net Margin -0.06% +94.1%
  • ROE -
  • ROIC 4.61% +179.1%
  • Debt/Equity -
  • Interest Coverage 0.99 +108.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 23.1%

✗Weaknesses

  • ✗Thin 5Y average net margin of 0.4%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y7.98%
3Y6.57%
TTM10.34%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM133.33%

EPS CAGR

10Y-
5Y-
3Y-
TTM85.06%

ROCE

10Y Avg4.96%
5Y Avg3.76%
3Y Avg3.65%
Latest4.95%

Peer Comparison

Beverage Can Manufacturers
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CCKCrown Holdings, Inc.12.09B104.7829.52-1.74%7.79%27.04%6.53%1.99
BALLBall Corporation14.98B55.894.30-1.84%5.37%12.47%1.01
AMBPArdagh Metal Packaging S.A.2.62B4.39-97.121.99%0.3%10.02%

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+3.34B3.34B3.45B4.05B4.69B4.81B4.91B
Revenue Growth %-0%0.03%0.18%0.16%0.03%0.02%
Cost of Goods Sold+2.81B2.83B2.9B3.44B4.16B4.34B4.28B
COGS % of Revenue0.84%0.85%0.84%0.85%0.89%0.9%0.87%
Gross Profit+530M512M548M616M526M474M630M
Gross Margin %0.16%0.15%0.16%0.15%0.11%0.1%0.13%
Gross Profit Growth %--0.03%0.07%0.12%-0.15%-0.1%0.33%
Operating Expenses+384M314M338M569M350M398M428M
OpEx % of Revenue0.12%0.09%0.1%0.14%0.07%0.08%0.09%
Selling, General & Admin149M165M189M418M212M246M288M
SG&A % of Revenue0.04%0.05%0.05%0.1%0.05%0.05%0.06%
Research & Development0000000
R&D % of Revenue-------
Other Operating Expenses0149M149M151M138M152M140M
Operating Income+228M198M210M47M176M76M202M
Operating Margin %0.07%0.06%0.06%0.01%0.04%0.02%0.04%
Operating Income Growth %--0.13%0.06%-0.78%2.74%-0.57%1.66%
EBITDA+512M488M525M390M535M494M651M
EBITDA Margin %0.15%0.15%0.15%0.1%0.11%0.1%0.13%
EBITDA Growth %--0.05%0.08%-0.26%0.37%-0.08%0.32%
D&A (Non-Cash Add-back)284M290M315M343M359M418M449M
EBIT228M159M289M-62M384M90M180M
Net Interest Income+0-191M-158M-186M-135M-156M-210M
Interest Income171M170M146M115M113M5M-5M
Interest Expense0174M149M118M116M161M205M
Other Income/Expense-253M-213M-70M-235M80M-147M-192M
Pretax Income+-25M-15M140M-188M256M-71M10M
Pretax Margin %-0.01%-0%0.04%-0.05%0.05%-0.01%0%
Income Tax+50M25M29M22M19M-21M13M
Effective Tax Rate %3%2.67%0.79%1.12%0.93%0.7%-0.3%
Net Income+-75M-40M111M-210M237M-50M-3M
Net Margin %-0.02%-0.01%0.03%-0.05%0.05%-0.01%-0%
Net Income Growth %-0.47%3.77%-2.89%2.13%-1.21%0.94%
Net Income (Continuing)-75M-40M111M-210M237M-50M-3M
Discontinued Operations0000000
Minority Interest000006M6M
EPS (Diluted)+-0.12-0.070.18-0.390.39-0.12-0.05
EPS Growth %-0.45%3.71%-3.17%2%-1.31%0.62%
EPS (Basic)-0.12-0.070.18-0.390.39-0.12-0.05
Diluted Shares Outstanding603.28M603.28M603.28M538.8M601M597.6M597.7M
Basic Shares Outstanding603.28M603.28M603.28M538.8M601M597.6M597.7M
Dividend Payout Ratio----1.06%--

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+875M971M1.04B1.66B1.91B1.5B1.63B
Cash & Short-Term Investments148M284M280M560M555M434M602M
Cash Only148M284M257M435M555M434M602M
Short-Term Investments0023M125M000
Accounts Receivable410M318M507M694M748M581M618M
Days Sales Outstanding44.8334.7153.6262.4758.2344.0745.96
Inventory238M268M250M407M567M469M382M
Days Inventory Outstanding30.9434.5431.4343.249.7139.4632.59
Other Current Assets79M101M-354.09K038M21M28M
Total Non-Current Assets+3.15B3.1B3.22B3.66B3.96B4.16B3.83B
Property, Plant & Equipment953M1.08B1.23B1.84B2.39B2.63B2.48B
Fixed Asset Turnover3.50x3.11x2.80x2.20x1.96x1.83x1.98x
Goodwill1.01B1B1.05B1.01B976M999M966M
Intangible Assets1.08B934M829M652M497M383M257M
Long-Term Investments009M7M9M02M
Other Non-Current Assets96M82M4M82M31M92M63M
Total Assets+4.02B4.07B4.25B5.33B5.87B5.67B5.46B
Asset Turnover0.83x0.82x0.81x0.76x0.80x0.85x0.90x
Asset Growth %-0.01%0.05%0.25%0.1%-0.03%-0.04%
Total Current Liabilities+1.48B931M969M1.4B1.46B1.52B1.45B
Accounts Payable556M619M843M1.26B1.06B1.09B1.04B
Days Payables Outstanding72.2779.78105.99133.8492.9491.888.82
Short-Term Debt697M42M54M66M68M94M105M
Deferred Revenue (Current)0001000K000
Other Current Liabilities225M270M13M31M301M323M46M
Current Ratio0.59x1.04x1.07x1.19x1.30x0.99x1.13x
Quick Ratio0.43x0.76x0.81x0.90x0.92x0.68x0.86x
Cash Conversion Cycle3.5-10.53-20.94-28.1715-8.27-10.27
Total Non-Current Liabilities+2.4B3.12B3.24B3.64B3.95B4.04B4.15B
Long-Term Debt1.93B2.6B2.79B2.83B3.52B3.64B3.8B
Capital Lease Obligations107M133M00000
Deferred Tax Liabilities00203M207M158M136M141M
Other Non-Current Liabilities367M385M241M601M264M265M212M
Total Liabilities3.88B4.05B4.21B5.04B5.41B5.56B5.6B
Total Debt+2.73B2.78B2.85B2.9B3.59B3.73B3.9B
Net Debt2.59B2.5B2.59B2.46B3.04B3.3B3.3B
Debt / Equity19.54x231.67x59.31x10.13x7.89x35.23x-
Debt / EBITDA5.34x5.70x5.42x7.43x6.71x7.56x5.99x
Net Debt / EBITDA5.05x5.11x4.93x6.31x5.68x6.68x5.07x
Interest Coverage-1.14x1.41x0.40x1.52x0.47x0.99x
Total Equity+140M12M48M286M455M106M-136M
Equity Growth %--0.91%3%4.96%0.59%-0.77%-2.28%
Book Value per Share0.230.020.080.530.760.18-0.23
Total Shareholders' Equity140M12M48M286M455M100M-142M
Common Stock148M16M63M7M267M267M267M
Retained Earnings000-120M-144M-469M-738M
Treasury Stock0000000
Accumulated OCI-8M-4M-15M-5.59B-5.66B-5.69B-5.66B
Minority Interest000006M6M

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+272M377M334M458M205M616M450M
Operating CF Margin %0.08%0.11%0.1%0.11%0.04%0.13%0.09%
Operating CF Growth %-0.39%-0.11%0.37%-0.55%2%-0.27%
Net Income-75M-40M111M-210M237M-50M-3M
Depreciation & Amortization284M295M315M343M359M418M449M
Stock-Based Compensation0000000
Deferred Taxes0029M22M19M-21M13M
Other Non-Cash Items45M20M-128M287M-208M-1M-49M
Working Capital Changes18M102M7M16M-202M270M40M
Change in Receivables0000000
Change in Inventory0000000
Change in Payables0000000
Cash from Investing+-182M-205M-268M-691M-595M-378M-179M
Capital Expenditures-184M-201M-263M-679M-585M-368M-167M
CapEx % of Revenue0.06%0.06%0.08%0.17%0.12%0.08%0.03%
Acquisitions-------
Investments-------
Other Investing2M-4M-5M-7M-10M-10M-12M
Cash from Financing+-90M-36M-98M454M499M-348M-81M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000-251M-263M-264M
Share Repurchases-------
Other Financing-71M-26M-55M-455M-11M-3M-8M
Net Change in Cash-------
Free Cash Flow+88M176M66M-229M-391M237M263M
FCF Margin %0.03%0.05%0.02%-0.06%-0.08%0.05%0.05%
FCF Growth %-1%-0.63%-4.47%-0.71%1.61%0.11%
FCF per Share0.150.290.11-0.43-0.650.400.44
FCF Conversion (FCF/Net Income)-3.63x-9.43x3.01x-2.18x0.86x-12.32x-150.00x
Interest Paid0178M00000
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-53.57%-52.63%370%-125.75%63.97%-17.83%-
Return on Invested Capital (ROIC)6.27%5.67%6.12%1.31%4.23%1.65%4.61%
Gross Margin15.88%15.31%15.88%15.19%11.22%9.85%12.84%
Net Margin-2.25%-1.2%3.22%-5.18%5.05%-1.04%-0.06%
Debt / Equity19.54x231.67x59.31x10.13x7.89x35.23x-
Interest Coverage-1.14x1.41x0.40x1.52x0.47x0.99x
FCF Conversion-3.63x-9.43x3.01x-2.18x0.86x-12.32x-150.00x
Revenue Growth-0.18%3.2%17.5%15.63%2.62%1.99%

Revenue by Geography

2021202220232024
U.S.1.73B2.18B2.31B2.12B
U.S. Growth-26.29%5.78%-8.02%
U.K396M385M495M509M
U.K Growth--2.78%28.57%2.83%
Brazil439M549M471M-
Brazil Growth-25.06%-14.21%-
Luxembourg----
Luxembourg Growth----

Frequently Asked Questions

Growth & Financials

Ardagh Metal Packaging S.A. (AMBP) reported $5.35B in revenue for fiscal year 2024. This represents a 60% increase from $3.34B in 2018.

Ardagh Metal Packaging S.A. (AMBP) grew revenue by 2.0% over the past year. Growth has been modest.

Yes, Ardagh Metal Packaging S.A. (AMBP) is profitable, generating $16.0M in net income for fiscal year 2024 (-0.1% net margin).

Dividend & Returns

Yes, Ardagh Metal Packaging S.A. (AMBP) pays a dividend with a yield of 10.06%. This makes it attractive for income-focused investors.

Ardagh Metal Packaging S.A. (AMBP) generated $289.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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