- AU$6.70bn
- AU$5.82bn
- NZ$1.90bn
- 98
- 30
- 98
- 88
Growth & Value
| 12m Forecast Rolling | Industry | Market | |
|---|---|---|---|
| PE Ratio (f) | 34.93 | ||
| PEG Ratio (f) | 4.51 | ||
| EPS Growth (f) | 8.39% | ||
| Dividend Yield (f) | 2.97% | ||
| Valuation (ttm) | Industry | Market | |
|---|---|---|---|
| Price to Book Value | 5.33 | ||
| Price to Tang. Book | 5.77 | ||
| Price to Free Cashflow | 39.15 | ||
| Price to Sales | 4.07 | ||
| EV to EBITDA | 24.61 | ||
Shareholder Activity
| Type | Buy / Hold / Sell |
|---|---|
| Institutions | |
| Directors | |
| Community |
Guru Screens
Quality
| Name | Industry | Market | |
|---|---|---|---|
| Return on Capital | 19.39% | ||
| Return on Equity | 14.93% | ||
| Operating Margin | 15.23% | ||
Financial Summary
| Year End 30th Jun | Unit | 2021 | 2022 | 2023 | 2024 | 2025 | 2026E | 2027E | CAGR / Avg |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | NZ$m | 1,205.03 | 1,443.74 | 1,591.09 | 1,673.32 | 1,899.27 | 1,929.83 | 2,093.11 | 1.88% |
| Operating Profit | m | ||||||||
| Net Profit | m | ||||||||
| EPS Reported | |||||||||
| Diluted Normalised EPS | |||||||||
| EPS Growth | % | -79.29 | +51.82 | +28.15 | +9.17 | +20.84 | +2.26 | +18.25 | n/a |
| PE Ratio | x | ||||||||
| PEG | |||||||||
| Profitability | |||||||||
| Operating Margin | % | ||||||||
| ROA | % | ||||||||
| ROCE | % | ||||||||
| ROE | % | ||||||||
| Cashflow | |||||||||
| Op. Cashflow ps | |||||||||
| Capex ps | |||||||||
| Free Cashflow ps | |||||||||
| Dividends | |||||||||
| Dividend ps | |||||||||
| Dividend Growth | % | ||||||||
| Dividend Yield | % | ||||||||
| Dividend Cover | x | ||||||||
| Balance Sheet | |||||||||
| Cash etc | m | ||||||||
| Working Capital | m | ||||||||
| NFA | m | ||||||||
| Net Debt | m | ||||||||
| Book Value | m | ||||||||
| Diluted Weighted Average Shares | m | ||||||||
| Book Value ps | |||||||||
Other Ratios
| Leverage (ttm) | Total | - Intang | + Pension |
|---|---|---|---|
| Gross Gearing | |||
| Net Gearing | |||
| Cash / Assets |
| Liquidity (ttm) | |
|---|---|
| Curr. Ratio | |
| Quick Ratio | |
| Interest Cov. | |
| Efficiency (ttm) | |
|---|---|
| Asset Turnover | |
| Recs Turnover | |
| Stock Turnover | |
Recent History
| Latest interim period vs. prior period | Industry | Market | |
|---|---|---|---|
| Sales Growth | |||
| EPS Growth | |||
| 3yr Compound Annual Growth Rate | Industry | Market | |
|---|---|---|---|
| Sales CAGR | |||
| EPS CAGR | |||
| DPS CAGR | |||
Profile Summary
The a2 Milk Company Limited is a New Zealand-based dairy nutritional’s company. The principal activity of the Company is the sale of branded products in targeted markets made with milk naturally containing A2-type protein. Its segments include China and Other Asia, Australia and New Zealand, and USA. The China and Other Asia segment sells China label and English label infant milk formula (IMF), plain and fortified milk powders, liquid milk and other nutritional products in offline stores and domestic and cross-border e-commerce channels. Australia and New Zealand segment sales of English label IMF, plain and fortified milk powders for children, adults and pregnant women through reseller and retail channels, and production and sales of liquid milk across retail channels in Australia and New Zealand. North America segment sales of liquid milk and IMF in the United States of America and liquid milk in Canada. It offers products under a2 Milk and a2 Platinum brands.
Directors
- David Hearn NEC (62)
- David Bortolussi CEO
- Julia Hoare NVC
- Race Strauss CFO
- Bernard May CEX
- Blake Waltrip CEX
- Li Xiao CEX
- Shareef Khan COO
- Amanda Hart CHO
- Edith Bailey CMO
- Kevin Bush GMG
- Yohan Senaratne GMG
- Eleanor Khor OTH
- Jaron McVicar SEC
- Warwick Every-Burns NID
- Philippa Mary Greenwood NID
- Chienling Lee NID (55)
- Last Annual
- June 30th, 2025
- Last Interim
- June 30th, 2025
- Incorporated
- February 17th, 2000
- Public Since
- April 21st, 2004
- No. of Shareholders
- 55,622
- No. of Employees
- 505
- Sector
- Food & Tobacco
- Industry
- Consumer Defensives
- Exchange
Australian Stock Exchange - SEATS
- Shares in Issue
- 723,511,070

- Address
- Level 17, 51 Shortland Street, AUCKLAND, 1010
- Web
- https://thea2milkcompany.com
- Phone
- +64 93755998
- Auditors
- Ernst & Young
Upcoming Events for A2M
Half Year 2026 A2 Milk Company Ltd Earnings Release
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FAQ
As of Today at 18:00 UTC, shares in A2 Milk are trading at AU$9.22. This share price information is delayed by 15 minutes.
Shares in A2 Milk last closed at AU$9.22 and the price had moved by +88.16% over the past 365 days. In terms of relative price strength the A2 Milk share price has outperformed the ASX All Ordinaries Index by +79.14% over the past year.
The overall consensus recommendation for A2 Milk is Buy. You can view the full broker recommendation list by unlocking its StockReport.
Find out moreThe A2 Milk dividend yield is 1.88% based on the trailing twelve month period.
Last year, A2 Milk paid a total dividend of NZ$0.20, and it currently has a trailing dividend yield of 1.88%. We do not have any data on when A2 Milk is to next pay dividends.
We do not have data on when A2 Milk is to next pay dividends. The historic dividend yield on A2 Milk shares is currently 1.88%.
To buy shares in A2 Milk you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.
As of the previous close price of AU$9.22, shares in A2 Milk had a market capitalisation of AU$6.70bn.
Here are the trading details for A2 Milk:
- Country of listing: Australia
- Exchange: ASX
- Ticker Symbol: A2M
Based on an overall assessment of its quality, value and momentum A2 Milk is currently classified as a High Flyer. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.
The analyst consensus target price for shares in A2 Milk is AU$8.66. That is 6.04% below the last closing price of AU$9.22.
Analysts covering A2 Milk currently have a consensus Earnings Per Share (EPS) forecast of NZ$0.29 for the next financial year.
Find out moreAn important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like A2 Milk. Over the past six months, its share price has outperformed the ASX All Ordinaries Index by +5.55%.
As of the last closing price of AU$9.22, shares in A2 Milk were trading +11.68% higher than their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.
The A2 Milk PE ratio based on its reported earnings over the past 12 months is 34.93. The shares last closed at AU$9.22.
The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.
The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.
A2 Milk's management team is headed by:
- David Hearn - NEC
- David Bortolussi - CEO
- Julia Hoare - NVC
- Race Strauss - CFO
- Bernard May - CEX
- Blake Waltrip - CEX
- Li Xiao - CEX
- Shareef Khan - COO
- Amanda Hart - CHO
- Edith Bailey - CMO
- Kevin Bush - GMG
- Yohan Senaratne - GMG
- Eleanor Khor - OTH
- Jaron McVicar - SEC
- Warwick Every-Burns - NID
- Philippa Mary Greenwood - NID
- Chienling Lee - NID





