When a company such as ARD splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the ARD split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ARD shares, starting with a $10,000 purchase of ARD, presented on a split-history-adjusted basis factoring in the complete ARD split history.

About ARD

Ardagh Group is a holding company. Through its subsidiaries, Co. is engaged in supplying rigid packaging solutions. Co.'s products include metal and glass containers primarily for food and beverage markets. Co.'s end-use categories include beer, wine, spirits, carbonated soft drinks, energy drinks, juices and water, as well as food and pharmaceuticals. Co. manages its business in two divisions, Metal Beverage Packaging and Glass Packaging. Co.'s Metal Beverage Packaging division supplies consumer metal beverage packaging. Co.'s Glass Packaging division manufactures both proprietary and non-proprietary glass containers for a variety of end-use categories, mainly beverage and food. According to our ARD split history records, ARD has had 1 split.

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