Does AMCOR PLC have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores AMCOR PLC (AMCR) 29.3 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 36, returns on capital 45, balance-sheet safety 1, capital discipline 24.

Is AMCR stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $4.35 per share versus a recent price of $43.94 — 910% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has AMCR's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 29.3 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

AMCOR PLC

AMCR · Consumer Discretionary · $101.3B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power36

Median gross margin 19.9% over 9y, very stable.

Returns on capital45

Median ROIC 10.0%, above the 9% hurdle in 67% of years.

Balance-sheet safety1

Net debt/EBITDA 7.7x, interest coverage 3x.

Capital discipline24

Owner earnings +1.8%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

910% above value

Owner earnings (normalized): $903.0M
Est. intrinsic value / share: $4.35
Recent price: $43.94
Discount to value: 910% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

10 years of fundamentals

The business, in plain English

AMCOR PLC booked $15.0B of revenue in FY2025 in the Consumer Discretionary sector and kept 18.9% of it as gross profit — a moderate-margin business by that measure. After every other cost, 3.4% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $9.1B (FY2017) to $15.0B (FY2025) — about 6.5% a year compounded over 8 years.

It earned 3.2% on invested capital in FY2025, with a median of 10.0% across 9 filed years. The Returns on Capital filter above scores it 45/100.

The balance sheet carried $14.1B of total debt in FY2025 against $653.0M of owner earnings — roughly 21.6 years of owner earnings to retire it all. Balance-Sheet Safety scores it 1/100.

The share count rose 41.8% between FY2019 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 24/100.

Put together: Returns on Capital is the strongest of the four filters (45/100) and Balance-Sheet Safety the weakest (1/100), which is how AMCR lands at 29/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$15.0B FY2025

Gross marginRevenue kept after cost of goods18.9% FY2025

Return on invested capitalOperating profit on the capital employed3.2% FY2025

Owner earningsCash an owner could take out$653.0M FY2025

Gaps in a line mean that item isn’t in AMCR’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale29.3 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — AMCR has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#270 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#268UAVS AgEagle Aerial Systems Inc.29.6 out of 100, No moatNo moat
#269STRT STRATTEC SECURITY CORP29.5 out of 100, No moatNo moat
#271RAIL FREIGHTCAR AMERICA, INC.29.1 out of 100, No moatNo moat
#272KTOS Kratos Defense & Security Solutions, Inc.28.9 out of 100, No moatNo moat

Compare AMCR with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about AMCR

Does AMCOR PLC have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores AMCOR PLC (AMCR) 29.3 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 36, returns on capital 45, balance-sheet safety 1, capital discipline 24.
Is AMCR stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $4.35 per share versus a recent price of $43.94 — 910% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has AMCR's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 29.3 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows AMCR’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/AMCR"
  width="340" height="150" style="border:0"
  title="AMCR Moat Score — The Moat Index"
  loading="lazy"></iframe>

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell AMCR. See the disclaimer.