Are these ASX 200 stocks trading near 52 week low offering a potential opportunity?

Amcor plc and Xero Limited are two ASX 200 stocks that are trading close to their 52-week lows which creates a potential opportunity for investors as short-term market pressure contrasts with their long-term earnings strength and global scale.

Amcor plc (ASX: AMC)

completed merger with Berry Global in April 2025 which has amplified the scale and reach of the business.
The merger has created one of the largest consumer packaging companies in the world with presence across flexible and rigid packaging solutions serving markets such as food, beverage, healthcare, beauty and wellness.

Over the past year, the company’s share price has declined by around 17% with a large portion of the selloff occurring after the fourth quarter update in August when the stock fell 10% in a single day following EBITDA results that came in below expectations.

There are positives to consider as the stock has a dividend yield of over 6% and the balance sheet is strong with total assets of US$37.1 billion and shareholder’s equity of US$11.7 billion.
Financial performance in the September 2025 quarter reflected the benefits of the enlarged scale as net sales increased to US$5.7 billion supported by the Berry merger and ended the quarter with a cash position of US$825 million.

Operating income rose to US$461 million while net income attributable to shareholders improved to US$262 million and the company has a structured multi-year integration and restructuring program running through FY2028.

Xero Limited (ASX: XRO) 

is one of the highest-quality SaaS businesses on the ASX supported by durable growth but the shares are down almost 37% in the last 12 months which has created an opportunity for investors.
For H1 FY26, the company reported operating revenue of NZ$1.19 billion which represents 20% year-on-year growth driven by a balanced contribution from subscriber growth and ARPU expansion.

Adjusted EBITDA increased to NZ$351 million with a strong margin of 29.4% which highlights improving operating leverage even as the company continues to invest in product development.
Free cash flow rose to NZ$321 million which translated into a free cash flow margin of 26.9% and reflects the underlying strength of the business model.

Global subscriber numbers reached 4.59 million while churn rate was low which demonstrates strong customer retention and pricing power.
Management reiterated its ambition to more than double FY25 group revenue by FY28 which is expected to be driven by faster growth in the US, higher payments monetisation and continued ARPU expansion across mature markets.

The integration of Melio positions Xero to capture a much larger share of the US SMB payments opportunity while AI led automation and analytics should improve customer lifetime value.
Xero represents a rare combination of scale, growth and profitability with a long runway in global SMB digitisation.

(Source: Company Reports)