Synlait Milk (NZSE:SML) ROCE %: -13.55% (As of Jan. 2026)


NZSE:SML Synlait Milk Ltd NZSE:SML
33 GF Score
Price NZ$0.42
GF Value NZ$0.33
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Synlait Milk ROCE %?

Synlait Milk NZSE:SML +1.22% 33 ROCE % is -13.55% as of Jan. 2026. GuruFocus rates NZSE:SML with a GF Score™ of 33/100 and a GF Value™ of NZ$0.33 (Modestly Overvalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Synlait Milk's annualized ROCE % for the quarter that ended in Jan. 2026 was -13.55%.

Synlait Milk  (NZSE:SML) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Synlait Milk ROCE % Related Terms

Synlait Milk ROCE % Historical Data

* Premium members only.

The historical data trend for Synlait Milk's ROCE % 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.

Synlait Milk ROCE % Chart

Synlait Milk Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.60 4.85 0.69 -20.22 -2.16

Synlait Milk Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
ROCE % 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 -15.29 -28.32 6.60 -10.64 -13.55
NZSE:SML
33GF Score
Synlait Milk Ltd NZSE:SML
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Synlait Milk ROCE % Calculation

Synlait Milk's annualized ROCE % for the fiscal year that ended in Jul. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jul. 2025 )  (A: Jul. 2024 )(A: Jul. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jul. 2025 )  (A: Jul. 2024 )(A: Jul. 2025 )
=-18.265/( ( (1494.015 - 642.309) + (1563.878 - 721.841) )/ 2 )
=-18.265/( (851.706+842.037)/ 2 )
=-18.265/846.8715
=-2.16 %

Synlait Milk's ROCE % of for the quarter that ended in Jan. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jan. 2026 )  (Q: Jul. 2025 )(Q: Jan. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jan. 2026 )  (Q: Jul. 2025 )(Q: Jan. 2026 )
=-109.258/( ( (1563.878 - 721.841) + (1782.66 - 1012.159) )/ 2 )
=-109.258/( ( 842.037 + 770.501 )/ 2 )
=-109.258/806.269
=-13.55 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -13.55% mean?
Synlait Milk (NZSE:SML) has a ROCE % of -13.55% as of Jan. 2026.
Is Synlait Milk's ROCE % too high?
Synlait Milk's current ROCE % is -13.55%. Overall, Synlait Milk has a GF Score™ of 33/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Synlait Milk's ROCE % compare to KHC and GIS?
Synlait Milk's ROCE % of -13.55% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROCE % is 8.78. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Consumer Packaged Goods company?
The median ROCE % among Consumer Packaged Goods companies is 8.78, based on 1,938 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Consumer Packaged Goods industry, the median ROCE % is 8.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synlait Milk's current ROCE % is -13.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synlait Milk stock overvalued right now?
Based on GuruFocus' analysis, Synlait Milk (NZSE:SML) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$0.33, compared to a current price of NZ$0.42 — trading 25.8% above its estimated fair value. The current ROCE % is -13.55%. Synlait Milk's overall GF Score™ is 33/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Synlait Milk (NZSE:SML), the current ROCE % is -13.55% as of Jan. 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 Synlait Milk (NZSE:SML) Overvalued in 2026?

Based on GuruFocus' analysis, Synlait Milk stock appears to be overvalued. The current stock price of NZ$0.42 is trading 25.8% above its estimated GF Value™ of NZ$0.33. GuruFocus considers Synlait Milk to be Modestly Overvalued.

Key valuation signals for NZSE:SML:

  • ROCE %: -13.55%
  • GF Value™: NZ$0.33 vs. price of NZ$0.42 (25.8% above fair value)
  • GF Score™: 33/100 with 4 warning signs

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

Synlait Milk Business Description

Other Exchanges SM1:Australia
Address 1028 Heslerton Road, RD13, Rakaia, STL, NZL, 7783
Synlait Milk Ltd is a dairy processing company that benefits from a differentiated milk supply and operating environment in New Zealand. The business operates within one industry that includes the manufacture of milk powder and its related products, liquid milk, cheese, and butter. Its segment are Synlait and Dairyworks, out of which it derives maximum revenue from Synlait segment.
33GF Score

Get the complete analysis for NZSE:SML

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NZ$0.42
Price
NZ$0.33
GF Value