Amcor (AMCR) Could Be 9% Undervalued Ahead Of November 4 Earnings

Wall Street expectations for higher earnings and revenue in Amcor (NYSE:AMCR) for the September 2026 quarter, ahead of results on November 4, put the upcoming report firmly in focus for investors.

Recent price action has been quietly constructive, with Amcor’s 30 day share price return of 6.71% and year to date share price gain of 8.58% pointing to building momentum ahead of earnings. The 1 year total shareholder return of 21.09% contrasts with a slightly negative 5 year total shareholder return of 4.68%.

Scan how Amcor’s setup compares with other packaging and materials plays that are showing constructive momentum and solid fundamentals through our hand picked 26 high quality undervalued stocks.

Amcor’s recent rebound and the gap between its US$45.66 share price, analyst targets and intrinsic value estimates create a wide valuation spread. Where does a reasonable fair value anchor sit within that range?

Most Popular Narrative: 9% Undervalued

Against Amcor’s last close at $45.66, the most followed narrative anchors fair value at about $50.18. This points to a modest valuation gap that rests on execution of very specific earnings and cash flow plans rather than broad thematic packaging enthusiasm.

The plan to recover more than US$500 million of working capital over the next 12 months and to use a portion of an expected US$2.5b of free cash flow in the following 12 month period for roughly US$1b of debt reduction supports lower interest expense and more flexibility for earnings accretive capital allocation.

Refinement of Amcor’s commercial model, including the ability to pass through around US$280 million of resin inflation within shortened pricing lags and with only 4% to 5% of resin sourced from more volatile regions, can continue to protect net margins and earnings from raw material swings.

See why 41 investors see Amcor as 9% undervalued.

Result: Fair Value of $50.18 (UNDERVALUED)

Still, weakness in organic volumes or slower than planned Berry integration synergies could flip the current Amcor narrative from mild upside to a prolonged reset.

Find out about the key risks to this Amcor narrative.

Next Steps

Mixed feelings about Amcor’s setup so far. If you want to move fast and form your own call, you can weigh up the 3 key rewards and 2 important warning signs.

Looking for more Amcor investment ideas?

If Amcor has sharpened your focus, do not stop here. Broaden your watchlist now, or you risk missing opportunities sitting in plain sight.

• Target potential mispricings early by scanning the 26 high quality undervalued stocks that combine strong fundamentals with appealing valuations.
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