Recent upgrades in analyst sentiment toward Ardagh Metal Packaging (NYSE:AMBP), including a 5.9% upward move in full year earnings estimates and clear share price outperformance this year, have put the stock back on investor radar.

The recent upgrades seem to be feeding into performance, with a roughly 42% year to date share price return and a 49.6% one year total shareholder return signaling that momentum is building rather than fading.

If AMBP's renewed momentum has you thinking about what else is moving, now is a good time to broaden your search and discover fast growing stocks with high insider ownership

But with earnings expectations rising and the share price now sitting close to analyst targets, the real question is whether AMBP still trades at a discount or if the market is already pricing in that future growth.

Most Popular Narrative: 2.1% Undervalued

With Ardagh Metal Packaging last closing at $4.21 versus a narrative fair value of $4.30, the storyline leans toward a modest upside in the current price.

The combination of resilient double digit shipment growth in the Americas and disciplined capital investments has led to deleveraging, greater financial flexibility, and a strong liquidity position positioning the company to grow free cash flow and support ongoing dividends and reinvestment, all of which should drive higher future earnings per share.

Want to see how steady top line growth, rising margins, and a future earnings multiple all intersect to justify this value? The underlying projections may surprise you.

Result: Fair Value of $4.30 (UNDERVALUED)

However, if high leverage persists and raw material cost volatility intensifies, those pressures could quickly erode margins and call the current valuation narrative into question.

Build Your Own Ardagh Metal Packaging Narrative

If you see the story differently or want to dig into the numbers yourself, you can build a custom view in just minutes. Do it your way

A great starting point for your Ardagh Metal Packaging research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.