Ball Corporation
The largest aluminium packaging company in the world.
Ball is the largest aluminium packaging company in the world for beverage, personal care and household products.
Ball (NYSE:BALL) was founded in 1880 and has 16,000 employees based in Westminster, Colorado. It boasts 60+ Aluminum Packaging Facilities across the world and generated >$14billion in Sales for 2023.
Ball has compounded Sales for the past decade by a mere 5.6% — therefore I categorise it as a Slow Grower. There are however angles to this and you can still make money investing in a “slow grower” — Peter Lynch did it for years, remember?
Note: In early 2024, Ball sold its Aerospace business for $5.6 billion (netted $4.5bln after tax) that it can now allocate elsewhere — we’ll get to that later in the piece.
More importantly, management can finally focus on the beverage segment exclusively. I tend to like industrials that can pull some levers and achieve better economics.
Now let’s look into the Ball Corporation business model, their plan to grow EPS by 10% a year and the levers they will pull to achieve it.