A2 MILK COMPANY LIMITED (A2M)
Share Price Analysis and Chart

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A2M - A2 MILK COMPANY LIMITED

FNArena Sector : Dairy
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 0.45
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

The a2 Milk Company is dual listed on both the NZX and ASX. It produces and sells A1 protein-free milk and related products like infant formula. It was first listed in 2015.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.92

05 Dec
2023

-0.050

OPEN

$3.97

-1.26%

HIGH

$3.99

1,007,346

LOW

$3.90

TARGET
$5.318 35.7% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
BFC . BGA . BUB . FSF . NUC . NUC . SM1 . TFL .
FNARENA'S MARKET CONSENSUS FORECASTS
A2M: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 20.6 xxx
DPS (cps) 1.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 19.6 xxx
Dividend Yield 0.2% xxx
Div Pay Ratio(%) 4.6% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx19.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,455.9 M
Book Value Per Share xxxxxxxxxxxxxxx146.5
Net Operating Cash Flow xxxxxxxxxxxxxxx101.8 M
Net Profit Margin xxxxxxxxxxxxxxx9.78 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx13.42 %
Return on Invested Capital xxxxxxxxxxxxxxx12.55 %
Return on Assets xxxxxxxxxxxxxxx9.39 %
Return on Equity xxxxxxxxxxxxxxx13.42 %
Return on Total Capital xxxxxxxxxxxxxxx16.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx92.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx18 M
Long Term Debt xxxxxxxxxxxxxxx76 M
Total Debt xxxxxxxxxxxxxxx93 M
Goodwill - Gross xxxxxxxxxxxxxxx94 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx738 M
Price To Book Value xxxxxxxxxxxxxxx3.36

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx9.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.65 %
Cost of Goods Sold xxxxxxxxxxxxxxx780 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx485 M
Research & Development xxxxxxxxxxxxxxx6 M
Investments - Total xxxxxxxxxxxxxxx83 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

-

xx.xx%

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Ord Minnett

22/08/2023

2

Accumulate

$7.20

83.67%

Ord Minnett believes the market is preoccupied by the troubles in the near term for a2 Milk Co with the dive in the shares following the FY23 earnings result belying a solid and improving position in Chinese infant formula.

While reducing some of the short-term earnings estimates the broker's long-term view is intact, noting the company continues to gain share in China while the English label business is also recovering. Accumulate retained. Target is $7.20.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 0.00 cents and EPS of 18.68 cents.
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of 25.44 cents.

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >

A2M STOCK CHART

FNArena News on A2M

1
Rudi’s View: Bear&Bull Market To Continue (?) In 2024

Dec 06 2023 - Rudi's View
2
Rudi’s View: All-Weather Portfolio In 2023

Nov 29 2023 - Rudi's View
3
Australian Broker Call *Extra* Edition – Nov 24, 2023

Nov 24 2023 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 17-11-23

Nov 20 2023 - Weekly Reports
5
Rudi’s View: Between Perception & Reality

Nov 15 2023 - Rudi's View

Latest Dairy News

1
Treasure Chest: Bega Cheese

Oct 18 2022 - Treasure Chest
2
a2 Milk Pumps Up Growth Expectations

Oct 29 2021 - Australia
3
Bega Cheese: Melting Up?

Jun 01 2021 - Technicals
4
Synlait Milk Eyes Recovery, But Risks Remain

May 26 2021 - Australia
5
A2 Milk At A Crossroad In China?

Apr 22 2021 - Australia
6
Sales Slowdown Hits a2 Milk Guidance

Dec 21 2020 - Australia
7
Uncertainty Prevails For Synlait Milk

Sep 30 2020 - Small Caps
8
Daigou Drought Sours a2 Milk Outlook

Sep 29 2020 - Australia
9
Treasure Chest: Is a2 Milk In Danger?

Sep 10 2020 - Treasure Chest
10
a2 Milk Souring

Sep 02 2020 - Technicals