Synlait Milk (NZSE:SML) Total Operating Expense: NZ$168 Mil (TTM As of Jan. 2026)


NZSE:SML Synlait Milk Ltd NZSE:SML
29 GF Score
Price NZ$0.39
GF Value NZ$0.33
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Synlait Milk Total Operating Expense?

Synlait Milk NZSE:SML 29 Total Operating Expense is NZ$168 Mil as of Jan. 2026. GuruFocus rates NZSE:SML with a GF Score™ of 29/100 and a GF Value™ of NZ$0.33 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Synlait Milk's Total Operating Expense for the six months ended in Jan. 2026 was NZ$71 Mil. Synlait Milk's Total Operating Expense for the trailing twelve months (TTM) ended in Jan. 2026 was NZ$168 Mil.

Synlait Milk Total Operating Expense Related Terms

Synlait Milk Total Operating Expense Historical Data

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The historical data trend for Synlait Milk's Total Operating Expense 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 Total Operating Expense Chart

Synlait Milk Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 137.31 142.05 165.84 188.56 182.72

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
Total Operating Expense 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 82.89 105.67 85.55 97.16 70.95
NZSE:SML
29GF Score
Synlait Milk Ltd NZSE:SML
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Synlait Milk Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$168 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.

What does a Total Operating Expense of NZ$168 Mil mean?
Synlait Milk (NZSE:SML) has a Total Operating Expense of NZ$168 Mil as of Jan. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Synlait Milk and its competitors.
Is Synlait Milk's Total Operating Expense too high?
Synlait Milk's current Total Operating Expense is NZ$168 Mil. Overall, Synlait Milk has a GF Score™ of 29/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Synlait Milk's Total Operating Expense compare to KHC and GIS?
Synlait Milk's Total Operating Expense of NZ$168 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Consumer Packaged Goods company?
A good Total Operating Expense depends on the Consumer Packaged Goods industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Synlait Milk and its competitors. Synlait Milk's current Total Operating Expense is NZ$168 Mil. 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$0.39 — trading 18.2% above its estimated fair value. The current Total Operating Expense is NZ$168 Mil. Synlait Milk's overall GF Score™ is 29/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Synlait Milk (NZSE:SML), the current Total Operating Expense is NZ$168 Mil 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$0.39 is trading 18.2% above its estimated GF Value™ of NZ$0.33. GuruFocus considers Synlait Milk to be Modestly Overvalued.

Key valuation signals for NZSE:SML:

  • Total Operating Expense: NZ$168 Mil
  • GF Value™: NZ$0.33 vs. price of NZ$0.39 (18.2% above fair value)
  • GF Score™: 29/100 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.
29GF Score

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

NZ$0.39
Price
NZ$0.33
GF Value