A2M · ASX

a2 Milk Company Limited (ASX:A2M)

AU$5.99

 -0.15 (-2.443%)
ASX:Live
17/10/2024 04:10:40 PM
HALO Ords HALO Balance Sheet HALO 200 HALO 100 GROWTH AUS +3
Consensus Score
/10
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A2M Overview

A2M Health Scores

Short Term

Mean Reversion

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Strong

GARP

Very Strong

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Neutral

Earnings

Neutral

Growth

Earnings

Strong

Dividends

Very Strong

Quality

Capital Efficiency

Weak

Balance Sheet

Very Weak

About A2M

Website

a2 Milk Company Limited

Telephone

64.80.022.4632

Address

Level 10 51 Shortland Street Auckland 1010

Description

The a2 Milk Co. Ltd. engages in the distribution and sale of milk and dairy products. It operates through the following segments: Australia and New Zealand, China and Other Asia, USA, and Mataura Valley Milk. The Australia and New Zealand segment derives revenue from infant formula, milk and dairy products, along with royalty and license fee income. The China and Other Asia segment includes exporting of infant formula, milk, and dairy products. The USA segment receives external revenue from milk sales and license fees. The Mataura Valley Milk segment is involved in manufacturing and sale of nutritional and commodity products. The company was founded by Corran McLachlan and Howard Paterson on February 17, 2000, and is headquartered in Auckland, New Zealand.

A2M Price Chart

Key Stats

Market Cap

AU$4.63B

PE

32.30

EV/EBITDA

20.1

Dividends Overview

DIV Yield

.1%

Franking

%

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 3.7 - 7.37

Trade Value (12mth)

US$2,340,119.00

1 week

-4.81%

1 month

13.7%

YTD

44.81%

1 year

45.84%

All time high

20.05

Key Fundamentals

EPS 3 yr Growth

113.50%

EBITDA Margin

14.40%

Operating Cashflow

$256m

Free Cash Flow Return

20.20%

ROIC

13.20%

Interest Coverage

53.50

Quick Ratio

2.70

Other Data

Shares on Issue (Fully Dilluted)

728m

HALO Sector

Staples

Next Company Report Date

20-Aug-25

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

NZD

Short Sell (% of issue)

5.21

A2M Announcements

Latest Announcements

Date Announcements

10 October 24

Becoming a substantial holder

×

Becoming a substantial holder

10 October 24

Becoming a substantial holder

×

Becoming a substantial holder

04 October 24

Notification of cessation of securities - A2M

×

Notification of cessation of securities - A2M

04 October 24

Notification regarding unquoted securities - A2M

×

Notification regarding unquoted securities - A2M

04 October 24

Annexure to Notification regarding unquoted securities

×

Annexure to Notification regarding unquoted securities

30 September 24

Response to ASX Price Query

×

Response to ASX Price Query

27 September 24

Pause in Trading

×

Pause in Trading

27 September 24

Trading Halt

×

Trading Halt

26 September 24

Becoming a substantial holder

×

Becoming a substantial holder

19 September 24

2024 Annual Meeting, Closing Date for Director Nominations

×

2024 Annual Meeting, Closing Date for Director Nominations

06 September 24

Synlait Special Shareholders Meeting update

×

Synlait Special Shareholders Meeting update

06 September 24

Change of Director's Interest Notice

×

Change of Director's Interest Notice

06 September 24

NZX - Disclosure of Relevant Interests

×

NZX - Disclosure of Relevant Interests

30 August 24

Notification of cessation of securities - A2M

×

Notification of cessation of securities - A2M

30 August 24

Notification of cessation of securities - A2M

×

Notification of cessation of securities - A2M

30 August 24

Application for quotation of securities - A2M

×

Application for quotation of securities - A2M

30 August 24

Notification regarding unquoted securities - A2M

×

Notification regarding unquoted securities - A2M

28 August 24

Synlait Special Shareholders' Meeting update

×

Synlait Special Shareholders' Meeting update

20 August 24

a2MC to support and participate in Synlait equity raise

×

a2MC to support and participate in Synlait equity raise

19 August 24

Appendix 4E

×

Appendix 4E

19 August 24

FY24 Results media release

×

FY24 Results media release

19 August 24

FY24 Results commentary and outlook

×

FY24 Results commentary and outlook

19 August 24

FY24 Annual Report

×

FY24 Annual Report

19 August 24

FY24 Results presentation

×

FY24 Results presentation

19 August 24

FY24 Corporate Governance Statement

×

FY24 Corporate Governance Statement

A2M Fundamentals

Per Share Records

Historical data

Forecast data

NZD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.16 0.21 0.23 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.16 0.21 0.23 Lock Lock Lock
     Growth % Lock Lock Lock Lock 51.8 28.7 9.2 Lock Lock Lock
     PE X Lock Lock Lock Lock 35.8 26.7 32.3 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 18.0 14.9 20.1 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.23 0.25 0.28 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock 0.27 0.14 0.33 Lock Lock Lock
     Growth % Lock Lock Lock Lock 147.5 9.4 11.6 Lock Lock Lock
     Yield % Lock Lock Lock Lock 5.6 2.6 4.7 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.00 0.00 0.00 Lock Lock Lock
     Growth % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
     Yield % Lock Lock Lock Lock 0.3 0.0 0.1 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 0 0 0 Lock Lock Lock
BPS $ Lock Lock Lock Lock 1.59 1.59 1.76 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 1.44 1.44 1.60 Lock Lock Lock
     Growth % Lock Lock Lock Lock 0.4 -0.3 11.1 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 744 737 727 Lock Lock Lock
Basic m Lock Lock Lock Lock 744 733 723 Lock Lock Lock

Financial Records

Historical data

Forecast data

NZD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Income Statement
Sales $m Lock Lock Lock Lock 1,444 1,591 1,673 Lock Lock Lock
     Growth % Lock Lock Lock Lock 19.8 10.2 5.2 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 378 530 558 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 664 739 767 Lock Lock Lock
     Growth % Lock Lock Lock Lock 30.2 11.4 3.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 46.0 46.5 45.8 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 54 54 54 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 305 227 240 Lock Lock Lock
     Growth % Lock Lock Lock Lock 35.3 -25.4 5.8 Lock Lock Lock
     Margin % Lock Lock Lock Lock 21.1 14.3 14.4 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 19 18 32 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 286 209 208 Lock Lock Lock
     Growth % Lock Lock Lock Lock 31.3 -26.9 -0.4 Lock Lock Lock
     Margin % Lock Lock Lock Lock 19.8 13.1 12.4 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 181 223 238 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 67 78 84 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 123 156 168 Lock Lock Lock
     Growth % Lock Lock Lock Lock 52.0 26.9 7.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 8.5 9.8 10.0 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 204 111 256 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 5 10 21 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -670 -14 -37 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock 10 -178 -50 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 199 101 239 Lock Lock Lock
     Growth % Lock Lock Lock Lock 137.5 -49.1 135.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.1 0.1 0.1 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 0 0 0 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 887 802 969 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 1,716 1,612 1,735 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 80 82 61 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock -763 -701 -903 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 522 462 478 Lock Lock Lock
Equity $m Lock Lock Lock Lock 1,139 1,153 1,249 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 1,261 1,228 1,327 Lock Lock Lock
     Growth % Lock Lock Lock Lock 15.0 -2.6 8.1 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 7.1 9.7 9.7 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 10.8 13.5 13.4 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 24.2 16.3 16.3 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 10.6 12.5 13.2 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 17.7 9.0 20.2 Lock Lock Lock

Ratios Records

Historical data

Forecast data

NZD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Leverage
Interest Cover X Lock Lock Lock Lock 117.6 44.6 53.5 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock -2.5 -3.1 -3.8 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock -67.0 -60.8 -72.3 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 2.7 3.0 3.1 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 2.3 2.4 2.7 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 75.8 71.5 75.2 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 46.3 29.3 61.4 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 17.3 18.9 21.5 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 6.3 5.1 4.9 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 2.0 2.1 1.9 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 5.6 3.5 4.9 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.8 1.0 1.0 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.8 1.0 1.0 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 12.6 14.0 14.2 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 10.6 13.8 13.7 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 36.7 35.0 35.4 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 7.1 9.7 9.7 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.5 1.4 1.4 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 10.8 13.5 13.4 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 100.0 100.0 100.0 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 10.8 13.5 13.4 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 57.7 71.3 74.4 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 21.2 19.3 17.0 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 78.8 90.6 91.4 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 27.4 27.6 28.1 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 51.4 63.0 63.3 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

.1%

Franking Level

%

DPSg

N/A

Quality Yield

Lock

Falling Divs over next 2

Lock

Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

5.21%

Value ($M)

243

Prior Change

-0.10%

7 Day Change

N/A

1 Month Change

N/A

3 Month Change

0.90%

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A2M Shortsell

Frequently Asked Questions

The current share price of a2 Milk Company Limited (A2M:ASX) is AU$5.99.
The 52-week high share price for a2 Milk Company Limited (A2M:ASX) is AU$7.37.
The 52-week low share price for a2 Milk Company Limited (A2M:ASX)? is AU$3.70.
The current TTM dividend payout for a2 Milk Company Limited (A2M:ASX) is 0.10.
a2 Milk Company Limited (A2M:ASX) does not pay a dividend.
a2 Milk Company Limited (A2M:ASX) does not offer franking credits.
a2 Milk Company Limited (A2M:ASX) is classified in the Staples.
The current P/E ratio for a2 Milk Company Limited (A2M:ASX) is 32.30.
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HALO Technologies Pty Ltd ABN 54 623 830 866 is a Corporate Authorised Representative No 1261916 of Macrovue Pty Ltd ABN 98 600 022 679 AFSL 484264. Macrovue Pty Ltd is a wholly owned subsidiary of HALO Technologies Pty Ltd.