The a2 Milk Company Limited

ASX:A2M Stock Report

Market Cap: AU$4.1b

a2 Milk Past Earnings Performance

Past criteria checks 4/6

a2 Milk's earnings have been declining at an average annual rate of -22.4%, while the Food industry saw earnings declining at 6.1% annually. Revenues have been growing at an average rate of 2.2% per year. a2 Milk's return on equity is 12.2%, and it has net margins of 10%.

Key information

-22.4%

Earnings growth rate

-22.2%

EPS growth rate

Food Industry Growth5.9%
Revenue growth rate2.2%
Return on equity12.2%
Net Margin10.0%
Last Earnings Update30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How a2 Milk makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:A2M Revenue, expenses and earnings (NZD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 241,6731685670
31 Mar 241,6471675540
31 Dec 231,6201675410
30 Sep 231,6061615400
30 Jun 231,5911565400
31 Mar 231,5791465670
31 Dec 221,5671375940
30 Sep 221,5051305410
30 Jun 221,4441234890
31 Mar 221,315714170
31 Dec 211,186203460
30 Sep 211,196503240
30 Jun 211,205813010
31 Mar 211,4042003060
31 Dec 201,6033203110
30 Sep 201,6673543230
30 Jun 201,7313883340
31 Mar 201,6133583110
31 Dec 191,4953282880
30 Sep 191,3983112610
30 Jun 191,3012952340
31 Mar 191,2002732090
31 Dec 181,0992521830
30 Sep 181,0112241670
30 Jun 189231961510
31 Mar 188251731350
31 Dec 177281501190
30 Sep 176391201080
30 Jun 1755091970
31 Mar 1751075930
31 Dec 1647060900
30 Sep 1641145850
30 Jun 1635330800
31 Mar 1628619630
31 Dec 152198470
30 Sep 151873390
30 Jun 15155-2300
31 Mar 15143-1280
31 Dec 14131-1260
30 Sep 141210240
30 Jun 141110220
31 Mar 141082200
31 Dec 131044170

Quality Earnings: A2M has high quality earnings.

Growing Profit Margin: A2M's current net profit margins (10%) are higher than last year (9.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: A2M's earnings have declined by 22.4% per year over the past 5 years.

Accelerating Growth: A2M's earnings growth over the past year (7.7%) exceeds its 5-year average (-22.4% per year).

Earnings vs Industry: A2M earnings growth over the past year (7.7%) exceeded the Food industry -0.5%.

Return on Equity

High ROE: A2M's Return on Equity (12.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 14:00
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The a2 Milk Company Limited is covered by 21 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
Thomas KierathBarrenjoey Markets Pty Limited
Jonathan SnapeBell Potter