Ball Corp. (BALL) intrinsic value & 10-year financials
Ball Corp. (BALL) has a Graham intrinsic value of $70.61 per share. At $63.20 on Oct 17, 2026, the stock trades 10% below that value. Over the last 10 fiscal years revenue grew 4.2% a year to $13.2B, with an average return on invested capital of 10.9%.
- Graham intrinsic value
- $70.61
- Share price (Oct 17, 2026)
- $63.20
- Price vs Graham value
- 10% below
- Market cap
- $17.4B
- Revenue (FY2025)
- $13.2B
- Revenue growth (10-yr CAGR)
- 4.2%
- ROIC (10-yr avg)
- 10.9%
- Free cash flow (FY2025)
- $788.0M
BALL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $13.2B | $915.0M | $3.30 | $788.0M | — | 8.4% |
| FY2024 | $11.8B | $4.0B | $13.00 | -$369.0M | — | 36.6% |
| FY2023 | $14.0B | $711.0M | $2.23 | $818.0M | 9.1% | 9.5% |
| FY2022 | $15.3B | $732.0M | $2.25 | -$1.4B | 7.9% | 9.0% |
| FY2021 | $13.8B | $878.0M | $2.65 | $34.0M | 9.3% | 10.7% |
| FY2020 | $11.8B | $582.0M | $1.76 | $319.0M | 8.5% | 9.2% |
| FY2019 | $11.5B | $536.0M | $1.66 | $950.0M | 8.1% | 9.0% |
| FY2018 | $11.6B | $453.0M | $1.29 | $750.0M | 8.0% | 6.9% |
| FY2017 | $11.0B | $380.0M | $1.05 | $922.0M | 7.3% | 5.5% |
| FY2016 | $9.1B | $266.0M | $1.63 | -$412.0M | 5.1% | 4.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Ball Corporation has demonstrated mature, steady growth, with revenue compounding at 4.2% annually over the past decade.
Ball Corporation returns on capital have been average, hovering around 10.9% ROIC over the decade.
Ball Corporation has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Ball Corporation is modeled at 8.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $70.61 per share.