Business Description
![The a2 Milk Co Ltd The a2 Milk Co Ltd logo](https://static.gurufocus.com/logos/0C0000189W.png?14)
The a2 Milk Co Ltd
NAICS : 311511
SIC : 2026
ISIN : NZATME0002S8
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Traded in other countries / regions
A2M.AustraliaATM.New ZealandACOPF.USA14L.Germany IPO Date
2015-03-31Description
A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.
Financial Strength
9/10
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
Cash-To-Debt | 14.77 | |||||
Equity-to-Asset | 0.75 | |||||
Debt-to-Equity | 0.05 | |||||
Debt-to-EBITDA | 0.22 | |||||
Interest Coverage | 37.73 | |||||
Piotroski F-Score | 7/9 | |||||
Altman Z-Score | 10.19 | |||||
Beneish M-Score | -2.48 | |||||
WACC vs ROIC |
Growth Rank
7/10
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
3-Year Revenue Growth Rate | -3.3 | |||||
3-Year EBITDA Growth Rate | -24.3 | |||||
3-Year EPS without NRI Growth Rate | -26.7 | |||||
3-Year FCF Growth Rate | -38.2 | |||||
3-Year Book Growth Rate | 0.4 | |||||
Future 3-5Y EPS without NRI Growth Rate | 13.98 | |||||
Future 3-5Y Total Revenue Growth Rate | 6.55 |
Momentum Rank
6/10
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
5-Day RSI | 49.81 | |||||
9-Day RSI | 51.7 | |||||
14-Day RSI | 52.18 | |||||
6-1 Month Momentum % | 42.64 | |||||
12-1 Month Momentum % | 31.01 |
Liquidity Ratio
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
Current Ratio | 3.26 | |||||
Quick Ratio | 2.69 | |||||
Cash Ratio | 2.42 | |||||
Days Inventory | 80.16 | |||||
Days Sales Outstanding | 16.97 | |||||
Days Payable | 98.87 |
Dividend & Buy Back
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
3-Year Average Share Buyback Ratio | 0.8 | |||||
Shareholder Yield % | 1.91 |
Profitability Rank
8/10
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
Gross Margin % | 46.05 | |||||
Operating Margin % | 11.56 | |||||
Net Margin % | 10.32 | |||||
FCF Margin % | 9.82 | |||||
ROE % | 14.05 | |||||
ROA % | 10.14 | |||||
ROIC % | 21.63 | |||||
ROC (Joel Greenblatt) % | 91.72 | |||||
ROCE % | 18.97 | |||||
Years of Profitability over Past 10-Year | 9 |
GF Value Rank
6/10
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
PE Ratio | 32.46 | |||||
Forward PE Ratio | 26.25 | |||||
PE Ratio without NRI | 32.46 | |||||
Shiller PE Ratio | 31.37 | |||||
Price-to-Owner-Earnings | 32.93 | |||||
PS Ratio | 3.33 | |||||
PB Ratio | 4.43 | |||||
Price-to-Tangible-Book | 4.86 | |||||
Price-to-Free-Cash-Flow | 34.08 | |||||
Price-to-Operating-Cash-Flow | 30.72 | |||||
EV-to-EBIT | 19.17 | |||||
EV-to-Forward-EBIT | 10.01 | |||||
EV-to-EBITDA | 17.84 | |||||
EV-to-Forward-EBITDA | 9.18 | |||||
EV-to-Revenue | 2.84 | |||||
EV-to-Forward-Revenue | 1.34 | |||||
EV-to-FCF | 28.93 | |||||
Price-to-Projected-FCF | 1.55 | |||||
Price-to-Graham-Number | 2.66 | |||||
Price-to-Net-Current-Asset-Value | 7.21 | |||||
Price-to-Net-Cash | 12.02 | |||||
Earnings Yield (Greenblatt) % | 5.21 | |||||
FCF Yield % | 2.96 | |||||
Forward Rate of Return (Yacktman) % | -8.25 |