- As the annual net operating cash flow of AMCR touched a ten-year zenith, concerns regarding the dividend coverage were fully eliminated.
- The toll the recession has taken on AMCR was limited; adjusted revenues declined by only 1.8%.
- Margins improved, as currency-adjusted EBITDA rose 4%, while the FX-adjusted EBIT increased by 6.7%. A 12.9% growth in diluted EPS was another achievement that proved AMCR is almost recession-immune.
- In fiscal 2020, FCF climbed to a decade high.
- AMCR is in sound financial shape, thus it can continue rewarding shareowners going forward. But as the price is a bit expensive, I prefer to remain neutral.
For further details see:
Now Amcor's Dividend Looks Radically Better