The a2 Milk CoFRA:14L +2.23%73 EV-to-FCF is 28.37 as of Jul. 07, 2026, which is 15% below its 10-year median of 33.42. GuruFocus rates FRA:14L with a GF Score™ of 73/100 and a GF Value™ of €4.14 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,189 Consumer Packaged Goods companies, The a2 Milk Co ranks worse than 69.39% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, The a2 Milk Co's Enterprise Value is €2,951 Mil.
The a2 Milk Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €104 Mil. Therefore, The a2 Milk Co's EV-to-FCF for today is 28.37.
The historical rank and industry rank for The a2 Milk Co's EV-to-FCF or its related term are showing as below:
FRA:14L'
s EV-to-FCF Range Over the Past 10 Years
Min: 8.44 Med: 33.42 Max: 145.48
Current: 26.16
During the past 13 years, the highest EV-to-FCF of The a2 Milk Co was 145.48. The lowest was 8.44. And the median was 33.42.
FRA:14L's EV-to-FCF is ranked worse than 69.39% of 1189
companies
in the Consumer Packaged Goods industry
Industry Median: 15.75
vs FRA:14L: 26.16
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
The a2 Milk Co's PE Ratio (TTM) for today is calculated as:
The a2 Milk Co's share price for today is €4.62.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. The a2 Milk Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.087.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
The a2 Milk Co EV-to-FCF Related Terms
The a2 Milk Co EV-to-FCF Historical Data
* Premium members only.
The historical data trend for The a2 Milk Co's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Packaged Foods subindustry, The a2 Milk Co's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The a2 Milk Co EV-to-FCF vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The a2 Milk Co's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where The a2 Milk Co's EV-to-FCF falls into.
The a2 Milk Co's current Enterprise Value is €2,951 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. The a2 Milk Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €104 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The a2 Milk Co (FRA:14L) has a EV-to-FCF of 28.37 as of Jul. 07, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on The a2 Milk Co and its competitors. This is 15% below median its historical median of 33.42. Over the past decade, The a2 Milk Co's EV-to-FCF has ranged from 8.44 to 145.48. According to the industry distribution chart, The a2 Milk Co ranks #825 out of 1189 companies in the Consumer Packaged Goods industry, placing it in the top 69.4%.
Is The a2 Milk Co's EV-to-FCF too high?
The a2 Milk Co's current EV-to-FCF of 28.37 is 15% below median its 10-year median of 33.42. Over the past 10 years, this metric has ranged from a low of 8.44 to a high of 145.48. The Consumer Packaged Goods industry median EV-to-FCF is 15.75. The a2 Milk Co's value of 28.37 is 80.1% above this industry median. Based on the distribution chart, The a2 Milk Co ranks #825 out of 1189 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, The a2 Milk Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The a2 Milk Co's EV-to-FCF compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, The a2 Milk Co ranks #825 out of 1189 companies for EV-to-FCF. This places The a2 Milk Co in the lower half of its industry. The industry median EV-to-FCF is 15.75. The a2 Milk Co's value of 28.37 is 80.1% above this benchmark. Historically, The a2 Milk Co's own EV-to-FCF has ranged from 8.44 to 145.48 over the past decade. While the company's 10-year median is 33.42 vs. the industry median of 15.75, The a2 Milk Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Consumer Packaged Goods company?
The median EV-to-FCF among Consumer Packaged Goods companies is 15.75, based on 1,189 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The a2 Milk Co's current EV-to-FCF of 28.37 is 80.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on The a2 Milk Co and its competitors. For the Consumer Packaged Goods industry, the median EV-to-FCF is 15.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The a2 Milk Co's current EV-to-FCF is 28.37, which is 15% below median its own 10-year median of 33.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The a2 Milk Co stock overvalued right now?
Based on GuruFocus' analysis, The a2 Milk Co (FRA:14L) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.14, compared to a current price of €4.62 — trading 11.6% above its estimated fair value. The current EV-to-FCF is 28.37, which is 15% below median its 10-year median of 33.42 and 80.1% above the Consumer Packaged Goods industry median of 15.75. The a2 Milk Co's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For The a2 Milk Co (FRA:14L), the current EV-to-FCF is 28.37 as of Jul. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is The a2 Milk Co (FRA:14L) Overvalued in 2026?
Based on GuruFocus' analysis, The a2 Milk Co stock appears to be overvalued.
The current stock price of €4.62 is trading 11.6% above its estimated GF Value™ of €4.14.
GuruFocus considers The a2 Milk Co to be Modestly Overvalued.
Key valuation signals for FRA:14L:
EV-to-FCF: 28.37 (15% below median its 10-year median of 33.42)
GF Value™: €4.14 vs. price of €4.62 (11.6% above fair value)
Industry Position: 80.1% above the Consumer Packaged Goods median (#825 of 1189)
No single metric tells the full story. See the FRA:14L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
73GF Score
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