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A2M · ASX

a2 Milk Company Limited (ASX:A2M)

AU$3.92

 -0.05 (-1.259%)
ASX:Live
30/11/2023 04:10:33 PM
Short Sold <-1 over the month Recent Price downgrade HALO Ords HALO Balance Sheet HALO 200 +6
Consensus Score
/10
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A2M Overview

A2M Health Scores

Short Term

Mean Revision

Trend

Event

Halo Model

MQV

GARP

MQV Small

Valuation

Value

Consensus

Momentum

Price

Earnings

Growth

Earnings

Dividends

Quality

Capital Efficiency

Balance Sheet

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$2.85B

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 - 7.14

Trade Value (12mth)

US$2,415,676.00

1 week

1.02%

1 month

2.58%

YTD

-41.36%

1 year

-35.97%

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)

730m

HALO Sector

Staples

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)

4.04

A2M Announcements

Latest Announcements

Date Announcements

31 October 19

Investor Presentation

×

Investor Presentation

30 September 22

Share buyback to commence 5 October - 1Q23 Trading update

×

Share buyback to commence 5 October - 1Q23 Trading update

30 September 22

Notification of buy-back - A2M

×

Notification of buy-back - A2M

30 September 22

Notification of cessation of securities - A2M

×

Notification of cessation of securities - A2M

30 September 22

Notification regarding unquoted securities - A2M

×

Notification regarding unquoted securities - A2M

30 November 22

Update - Notification of buy-back - A2M

×

Update - Notification of buy-back - A2M

30 November 22

NZX Capital Change Notice

×

NZX Capital Change Notice

30 November 22

Change in Substantial Holding

×

Change in Substantial Holding

30 March 22

Ceasing to be a substantial holder

×

Ceasing to be a substantial holder

30 August 23

Application for quotation of securities - A2M

×

Application for quotation of securities - A2M

30 August 23

Notification regarding unquoted securities - A2M

×

Notification regarding unquoted securities - A2M

30 August 23

NZX Capital Change Notice

×

NZX Capital Change Notice

29 September 15

2015 Annual Report and Appendix 4G

×

2015 Annual Report and Appendix 4G

29 September 15

2015 Annual Report

×

2015 Annual Report

29 September 15

Notice of 2015 Annual Meeting

×

Notice of 2015 Annual Meeting

29 November 23

NZX Disclosure of Relevant Interests

×

NZX Disclosure of Relevant Interests

29 November 22

Update - Notification of buy-back - A2M

×

Update - Notification of buy-back - A2M

29 November 22

NZX Capital Change Notice

×

NZX Capital Change Notice

29 August 23

Notification of cessation of securities - A2M

×

Notification of cessation of securities - A2M

29 August 22

Appointment of new independent NED, David Wang

×

Appointment of new independent NED, David Wang

29 August 22

a2MC announces share buyback of up to NZ$150 million

×

a2MC announces share buyback of up to NZ$150 million

29 August 22

Appendix 4E

×

Appendix 4E

29 August 22

FY22 Results Commentary

×

FY22 Results Commentary

29 August 22

FY22 Annual Report

×

FY22 Annual Report

29 August 22

FY22 Results Presentation

×

FY22 Results Presentation

29 August 22

FY22 Corporate Governance Statement

×

FY22 Corporate Governance Statement

29 August 22

Appendix 4G

×

Appendix 4G

29 August 22

Notification of buy-back - A2M

×

Notification of buy-back - 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

4.04%

Value ($M)

114

Prior Change

N/A

7 Day Change

-0.20%

1 Month Change

-1.30%

3 Month Change

-0.50%

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Frequently Asked Questions

The current share price of a2 Milk Company Limited (A2M:ASX) is AU$3.92.
The 52-week high share price for a2 Milk Company Limited (A2M:ASX) is AU$7.14.
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.
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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.