ACOPF (The a2 Milk Co) Intrinsic Value: Projected FCF: $2.33 (As of Sep. 08, 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ACOPF The a2 Milk Co Ltd ACOPF
92 GF Score
Price $4.81
GF Value $4.56
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is The a2 Milk Co Intrinsic Value: Projected FCF?

The a2 Milk Co ACOPF +0.31% 92 Intrinsic Value: Projected FCF is $2.33 as of Sep. 08, 2026. GuruFocus rates ACOPF with a GF Score™ of 92/100 and a GF Value™ of $4.56 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,325 Consumer Packaged Goods companies, The a2 Milk Co ranks worse than 78.87% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-08), The a2 Milk Co's Intrinsic Value: Projected FCF is $2.33. The stock price of The a2 Milk Co is $4.81. Therefore, The a2 Milk Co's Price-to-Intrinsic-Value-Projected-FCF of today is 2.1.

The historical rank and industry rank for The a2 Milk Co's Intrinsic Value: Projected FCF or its related term are showing as below:

ACOPF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.94   Med: 2.14   Max: 7.46
Current: 2.06

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of The a2 Milk Co was 7.46. The lowest was 0.94. And the median was 2.14.

ACOPF's Price-to-Projected-FCF is ranked worse than
78.87% of 1325 companies
in the Consumer Packaged Goods industry
Industry Median: 1.03 vs ACOPF: 2.06

The a2 Milk Co  (OTCPK:ACOPF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

The a2 Milk Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=4.81/2.1990721826588
=2.19

* 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 Intrinsic Value: Projected FCF Related Terms


The a2 Milk Co Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for The a2 Milk Co's Intrinsic Value: Projected 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.

The a2 Milk Co Intrinsic Value: Projected FCF Chart

The a2 Milk Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.29 2.94 2.54 2.62 2.13

The a2 Milk Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.54 0.00 2.62 0.00 2.13

ACOPF vs KHC, GIS: Intrinsic Value: Projected FCF Comparison

For the Packaged Foods subindustry, The a2 Milk Co's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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 Price-to-Projected-FCF vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The a2 Milk Co's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where The a2 Milk Co's Price-to-Projected-FCF falls into.


ACOPF
92GF Score
The a2 Milk Co Ltd ACOPF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The a2 Milk Co Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get The a2 Milk Co's Free Cash Flow(6 year avg) = $116.49.

The a2 Milk Co's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*116.49014285714+620.298*0.8)/729.974
=2.20

* 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.

What does a Intrinsic Value: Projected FCF of $2.33 mean?
The a2 Milk Co (ACOPF) has a Intrinsic Value: Projected FCF of $2.33 as of Sep. 08, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on The a2 Milk Co and its competitors. According to the industry distribution chart, The a2 Milk Co ranks #1045 out of 1325 companies in the Consumer Packaged Goods industry, placing it in the top 78.9%.
Is The a2 Milk Co's Intrinsic Value: Projected FCF too high?
The a2 Milk Co's current Intrinsic Value: Projected FCF is $2.33. The Consumer Packaged Goods industry median Intrinsic Value: Projected FCF is 1.03. The a2 Milk Co's value of $2.33 is 126.2% above this industry median. Based on the distribution chart, The a2 Milk Co ranks #1045 out of 1325 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, The a2 Milk Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The a2 Milk Co's Intrinsic Value: Projected FCF compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, The a2 Milk Co ranks #1045 out of 1325 companies for Intrinsic Value: Projected FCF. This places The a2 Milk Co in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.03. The a2 Milk Co's value of $2.33 is 126.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Consumer Packaged Goods company?
The median Intrinsic Value: Projected FCF among Consumer Packaged Goods companies is 1.03, based on 1,325 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The a2 Milk Co's current Intrinsic Value: Projected FCF of $2.33 is 126.2% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on The a2 Milk Co and its competitors. For the Consumer Packaged Goods industry, the median Intrinsic Value: Projected FCF is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The a2 Milk Co's current Intrinsic Value: Projected FCF is $2.33. 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 (ACOPF) is currently considered Fairly Valued. The stock's GF Value™ is $4.56, compared to a current price of $4.81 — trading 5.5% above its estimated fair value. The current Intrinsic Value: Projected FCF is $2.33 and 126.2% above the Consumer Packaged Goods industry median of 1.03. The a2 Milk Co's overall GF Score™ is 92/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For The a2 Milk Co (ACOPF), the current Intrinsic Value: Projected FCF is $2.33 as of Sep. 08, 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 (ACOPF) Overvalued in 2026?

Based on GuruFocus' analysis, The a2 Milk Co stock appears to be overvalued. The current stock price of $4.81 is trading 5.5% above its estimated GF Value™ of $4.56. GuruFocus considers The a2 Milk Co to be Fairly Valued.

Key valuation signals for ACOPF:

  • Intrinsic Value: Projected FCF: $2.33
  • GF Value™: $4.56 vs. price of $4.81 (5.5% above fair value)
  • GF Score™: 92/100 with 2 warning signs
  • Industry Position: 126.2% above the Consumer Packaged Goods median (#1045 of 1325)

No single metric tells the full story. See the ACOPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The a2 Milk Co Business Description

Address 51 Shortland Street, Level 10, Auckland, NTL, NZL, 1010
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.
92GF Score

Get the complete analysis for ACOPF

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.81
Price
$4.56
GF Value