Australia Stock Alert
CLOSING UPDATE: Amcor decreases 0.7% - underperforming 86% of stocks January 18, 2018 16:00:00 AEST
NEWS BITES - AUSTRALIA
This is an end of day Alert, produced after today's Australian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Amcor, Australia's 5th largest materials company by market capitalisation, has decreased 10.0c (or 0.7%) today to trade at $A14.50 and has underperformed 86% of the market in the past month. Compared with the All Ordinaries Index which rose 9.7 points (or 0.2%) in the day, this represented a relative price change of -0.8%.
Technical indicators complementing today's significant downtrend:
+ The negative 0.21 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The price dropped 2.2% in the last week.
Other Bearish Signals include:
+ Net profit margin has averaged 5.7% in the last 3 years. This is lower than the sector average of 7.6% and suggests a low margin of safety.
Amcor today is at a discount of 12.0% to the 12-month high of $A16.47 on 20 Jun, 2017. It is at a premium of 7.7% to the 12-month low of $A13.47 on 03 Feb, 2017.
Tobin's Q Ratio is 1.5. Compared with the rest of the market the stock is undervalued.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 22.4 [25.3]
Price/Sales of 1.4 [2.4]
Dividend yield of 3.8% [3.2%]
Return on Assets 6.8% [4.7%]
Return on Capital Employed 19% [10.0%]
Morning Alert: Amcor in 4th consecutive fall, nears a 14-month low
January 18, 2018 11:00:00 AEST
Amcor Limited (ASX:AMC) slipped further on Thursday, sliding an additional 6.0c (or 0.4%) to trade at $A14.54. The stock decreased 0.4% on Tuesday and 1.08% on Wednesday bringing its 4-day fall to 2.2%. It is now approaching its 296-day low of $A14.51.
Amcor Limited (AU:AMC; ASX:AMC; AX:AMC)