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A2M · ASX

a2 Milk Company Limited (ASX:A2M)

AU$5.71

 -0.03 (-0.523%)
ASX:Live
19/04/2024 04:10:42 PM
HALO Ords HALO Momentum HALO Earnings Momentum HALO Balance Sheet HALO 200 +5
Consensus Score
/10
Recommend
Target Price
Deviation
Unlock Full Consensus Insights

A2M Overview

A2M Health Scores

Short Term

Mean Revision

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Weak

GARP

Strong

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Weak

Earnings

Very Weak

Growth

Earnings

Neutral

Dividends

Very Strong

Quality

Capital Efficiency

Weak

Balance Sheet

Very Weak

About A2M

Telephone

Address

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$4.14B

PE

26.70

EV/EBITDA

14.9

Dividends Overview

DIV Yield

.0%

Franking

N/A

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 3.7 - 6.26

Trade Value (12mth)

US$2,156,098.00

1 week

-1.89%

1 month

-6.24%

YTD

34.67%

1 year

-2.39%

All time high

20.05

Key Fundamentals

EPS 3 yr Growth

-59.500%

EBITDA Margin

14.30%

Operating Cashflow

$111m

Free Cash Flow Return

9.00%

ROIC

12.50%

Interest Coverage

44.60

Quick Ratio

2.40

Other Data

Shares on Issue (Fully Dilluted)

725m

HALO Sector

Next Company Report Date

21-Aug-24

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

NZD

Short Sell (% of issue)

5.64

A2M Announcements

Latest Announcements

Date Announcements

15 April 24

Notification of cessation of securities - A2M

×

Notification of cessation of securities - A2M

05 April 24

Becoming a substantial holder

×

Becoming a substantial holder

28 March 24

Becoming a substantial holder

×

Becoming a substantial holder

21 March 24

Ceasing to be a substantial holder

×

Ceasing to be a substantial holder

20 March 24

Becoming a substantial holder

×

Becoming a substantial holder

14 March 24

Becoming a substantial holder

×

Becoming a substantial holder

28 February 24

NZX Ongoing Disclosure Notice

×

NZX Ongoing Disclosure Notice

19 February 24

Appendix 4D and 1H24 Interim Report

×

Appendix 4D and 1H24 Interim Report

19 February 24

1H24 Results Media Release

×

1H24 Results Media Release

19 February 24

1H24 Results Commentary and Outlook

×

1H24 Results Commentary and Outlook

19 February 24

1H24 Results Presentation

×

1H24 Results Presentation

19 February 24

Becoming a substantial holder

×

Becoming a substantial holder

19 February 24

Appendix 4D

×

Appendix 4D

17 January 24

1H24 Results Call Notification

×

1H24 Results Call Notification

15 January 24

Notification of cessation of securities - A2M

×

Notification of cessation of securities - A2M

22 December 23

Response to Synlait market update announcement

×

Response to Synlait market update announcement

19 December 23

Change of Director's Interest Notice

×

Change of Director's Interest Notice

15 December 23

Notification regarding unquoted securities - A2M

×

Notification regarding unquoted securities - A2M

15 December 23

Change in substantial holding from PPT

×

Change in substantial holding from PPT

29 November 23

NZX Disclosure of Relevant Interests

×

NZX Disclosure of Relevant Interests

23 November 23

Final Director's Interest Notice

×

Final Director's Interest Notice

16 November 23

2023 Annual Meeting

×

2023 Annual Meeting

16 November 23

Results of The a2 Milk Company Limited 2023 Annual Meeting

×

Results of The a2 Milk Company Limited 2023 Annual Meeting

16 November 23

Correction - Results of 2023 Annual Meeting

×

Correction - Results of 2023 Annual Meeting

01 November 23

Notification regarding unquoted securities - A2M

×

Notification regarding unquoted securities - A2M

A2M Fundamentals

Per Share Records

Historical data

Forecasted data

NZD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.11 0.16 0.21 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.11 0.16 0.21 Lock Lock Lock
     Growth % Lock Lock Lock Lock -79.3 51.8 28.7 Lock Lock Lock
     PE X Lock Lock Lock Lock 56.3 35.8 26.7 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 32.3 18.0 14.9 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.09 0.23 0.25 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock 0.11 0.27 0.14 Lock Lock Lock
     Growth % Lock Lock Lock Lock -82.8 147.5 9.4 Lock Lock Lock
     Yield % Lock Lock Lock Lock 1.8 5.6 2.6 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 0.0 0.3 0.0 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 0 0 0 Lock Lock Lock
BPS $ Lock Lock Lock Lock 1.46 1.59 1.59 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 1.44 1.44 1.44 Lock Lock Lock
     Growth % Lock Lock Lock Lock -5.0 0.4 -0.3 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 743 744 737 Lock Lock Lock
Basic m Lock Lock Lock Lock 742 744 733 Lock Lock Lock

Financial Records

Historical data

Forecasted data

NZD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Income Statement
Sales $m Lock Lock Lock Lock 1,205 1,444 1,591 Lock Lock Lock
     Growth % Lock Lock Lock Lock -30.4 19.8 10.2 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 292 378 530 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 510 664 739 Lock Lock Lock
     Growth % Lock Lock Lock Lock -47.4 30.2 11.4 Lock Lock Lock
     Margin % Lock Lock Lock Lock 42.3 46.0 46.5 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 58 54 54 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 225 305 227 Lock Lock Lock
     Growth % Lock Lock Lock Lock -64.9 35.3 -25.4 Lock Lock Lock
     Margin % Lock Lock Lock Lock 18.7 21.1 14.3 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 7 19 18 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 218 286 209 Lock Lock Lock
     Growth % Lock Lock Lock Lock -65.8 31.3 -26.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 18.1 19.8 13.1 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 119 181 223 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 39 67 78 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 81 123 156 Lock Lock Lock
     Growth % Lock Lock Lock Lock -79.1 52.0 26.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 6.7 8.5 9.8 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 89 204 111 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 7 5 10 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -64 -670 -14 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -1 10 -178 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 84 199 101 Lock Lock Lock
     Growth % Lock Lock Lock Lock -80.1 137.5 -49.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.1 0.1 0.1 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock N/A N/A 0 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 875 887 802 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 1,373 1,716 1,612 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 13 80 82 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock -859 -763 -701 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 289 522 462 Lock Lock Lock
Equity $m Lock Lock Lock Lock 1,084 1,139 1,153 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 1,097 1,261 1,228 Lock Lock Lock
     Growth % Lock Lock Lock Lock -4.4 15.0 -2.6 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 5.9 7.1 9.7 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 7.4 10.8 13.5 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 19.3 24.2 16.3 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 7.2 10.6 12.5 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 7.9 17.7 9.0 Lock Lock Lock

Ratios Records

Historical data

Forecasted data

NZD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Leverage
Interest Cover X Lock Lock Lock Lock 292.5 117.6 44.6 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock -3.8 -2.5 -3.1 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock -79.2 -67.0 -60.8 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 4.0 2.7 3.0 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 3.6 2.3 2.4 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 79.8 75.8 71.5 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 32.6 46.3 29.3 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 15.8 17.3 18.9 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 5.3 6.3 5.1 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 1.5 2.0 2.1 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 3.4 5.6 3.5 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.9 0.8 1.0 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.9 0.8 1.0 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 9.9 12.6 14.0 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 8.7 10.6 13.8 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 32.4 36.7 35.0 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 5.9 7.1 9.7 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.3 1.5 1.4 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 7.4 10.8 13.5 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 7.4 10.8 13.5 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 68.3 57.7 71.3 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 23.1 21.2 19.3 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 91.4 78.8 90.6 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 47.5 27.4 27.6 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 44.0 51.4 63.0 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

.0%

Franking Level

N/A

DPSg

0.00%

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

5.64%

Value ($M)

234

Prior Change

N/A

7 Day Change

-0.20%

1 Month Change

-0.30%

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$5.71.
The 52-week high share price for a2 Milk Company Limited (A2M:ASX) is AU$6.26.
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 0.00.
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 26.70.