Ball Corp vs Smurfit WestRock plc

Ball Corp (BALL) is overvalued and Smurfit WestRock plc (SW) is overvalued.

Both trade above our estimate of their intrinsic value. BALL is the closer of the two: -20%, against -27% for SW.

Values as of the 22 Sept 2026 close.

Ball Corp (BALL)

Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $49.92; the price of $59.97 is 20% above that value, and 78% of that value comes from beyond year five.

Leak Score 14/100 on 3 of 12 signals

Smurfit WestRock plc (SW)

Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $36.68; the price of $46.45 is 27% above that value, and 80% of that value comes from beyond year five.

Leak Score 0/100 on 2 of 12 signals

MetricBALLSW
VerdictOvervaluedOvervalued
Price$59.97$46.45
Intrinsic value$49.92$36.68
Margin of safety-20%-27%
Leak Score14/100 (3/12)0/100 (2/12)
Market cap$15.9B$24.3B
Revenue growth, 5 years2.3%26.2%
Operating margin11.5%5.8%
Net margin6.6%1.6%
Return on equity17.3%2.7%
Debt to equity1.320.79
P/E17.1x49.4x
Forward P/E13.3x13.3x
P/B2.8x1.4x
Dividend yield1.3%4.0%

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