a2 Milk Past Earnings Performance
Past criteria checks 4/6
a2 Milk's earnings have been declining at an average annual rate of -22.9%, while the Food industry saw earnings declining at 3.7% annually. Revenues have been growing at an average rate of 3.3% per year. a2 Milk's return on equity is 12.9%, and it has net margins of 10.3%.
Key information
-22.9%
Earnings growth rate
-22.9%
EPS growth rate
| Food Industry Growth | -2.9% |
| Revenue growth rate | 3.3% |
| Return on equity | 12.9% |
| Net Margin | 10.3% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
a2 Milk (NZSE:ATM) May Have Issues Allocating Its Capital
Apr 16
Is a2 Milk (NZSE:ATM) Using Too Much Debt?
Mar 09The a2 Milk Company Limited's (NZSE:ATM) 28% Share Price Surge Not Quite Adding Up
Feb 07Some Confidence Is Lacking In The a2 Milk Company Limited's (NZSE:ATM) P/E
Dec 22a2 Milk (NZSE:ATM) Could Easily Take On More Debt
Dec 01We Discuss Why The a2 Milk Company Limited's (NZSE:ATM) CEO Compensation May Be Closely Reviewed
Nov 09a2 Milk (NZSE:ATM) Will Want To Turn Around Its Return Trends
Oct 31Is a2 Milk (NZSE:ATM) A Risky Investment?
Aug 23a2 Milk (NZSE:ATM) Could Be Struggling To Allocate Capital
Jul 28a2 Milk (NZSE:ATM) Seems To Use Debt Rather Sparingly
May 24Returns On Capital At a2 Milk (NZSE:ATM) Paint A Concerning Picture
Apr 25Is The a2 Milk Company Limited (NZSE:ATM) Trading At A 47% Discount?
Apr 07A Look At The Intrinsic Value Of The a2 Milk Company Limited (NZSE:ATM)
Jan 05The Returns On Capital At a2 Milk (NZSE:ATM) Don't Inspire Confidence
Dec 21Does a2 Milk (NZSE:ATM) Have A Healthy Balance Sheet?
Sep 25Calculating The Fair Value Of The a2 Milk Company Limited (NZSE:ATM)
Sep 11a2 Milk (NZSE:ATM) May Have Issues Allocating Its Capital
Aug 29We Think a2 Milk (NZSE:ATM) Can Stay On Top Of Its Debt
Jun 21Capital Allocation Trends At a2 Milk (NZSE:ATM) Aren't Ideal
May 15Does a2 Milk (NZSE:ATM) Have A Healthy Balance Sheet?
Feb 27a2 Milk's (NZSE:ATM) Returns On Capital Not Reflecting Well On The Business
Feb 09a2 Milk (NZSE:ATM) May Have Issues Allocating Its Capital
Nov 05We Like a2 Milk's (NZSE:ATM) Returns And Here's How They're Trending
Jul 29The Consensus EPS Estimates For The a2 Milk Company Limited (NZSE:ATM) Just Fell Dramatically
May 16a2 Milk (NZSE:ATM) Could Become A Multi-Bagger
Apr 28Did The a2 Milk Company Limited (NZSE:ATM) Insiders Sell Shares?
Mar 17Earnings Update: The a2 Milk Company Limited (NZSE:ATM) Just Reported And Analysts Are Trimming Their Forecasts
Feb 27The a2 Milk Company Limited's (NZSE:ATM) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
Feb 12What Kind Of Investors Own Most Of The a2 Milk Company Limited (NZSE:ATM)?
Jan 30The 48% Return On Capital At a2 Milk (NZSE:ATM) Got Our Attention
Jan 17Is There More To The Story Than a2 Milk's (NZSE:ATM) Earnings Growth?
Jan 05Analysts Just Shaved Their The a2 Milk Company Limited (NZSE:ATM) Forecasts Dramatically
Dec 23Revenue & Expenses BreakdownBeta
Revenue & Expenses Breakdown
BetaHow a2 Milk makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 1,620 | 167 | 541 | 0 |
| 30 Sep 23 | 1,606 | 161 | 540 | 0 |
| 30 Jun 23 | 1,591 | 156 | 540 | 0 |
| 31 Mar 23 | 1,579 | 146 | 541 | 0 |
| 31 Dec 22 | 1,567 | 137 | 594 | 0 |
| 30 Sep 22 | 1,505 | 130 | 541 | 0 |
| 30 Jun 22 | 1,444 | 123 | 489 | 0 |
| 31 Mar 22 | 1,315 | 71 | 417 | 0 |
| 31 Dec 21 | 1,186 | 20 | 346 | 0 |
| 30 Sep 21 | 1,196 | 50 | 324 | 0 |
| 30 Jun 21 | 1,205 | 81 | 301 | 0 |
| 31 Mar 21 | 1,404 | 200 | 306 | 0 |
| 31 Dec 20 | 1,603 | 320 | 311 | 0 |
| 30 Sep 20 | 1,667 | 354 | 323 | 0 |
| 30 Jun 20 | 1,731 | 388 | 334 | 0 |
| 31 Mar 20 | 1,613 | 358 | 311 | 0 |
| 31 Dec 19 | 1,495 | 328 | 288 | 0 |
| 30 Sep 19 | 1,398 | 311 | 261 | 0 |
| 30 Jun 19 | 1,301 | 295 | 234 | 0 |
| 31 Mar 19 | 1,200 | 273 | 209 | 0 |
| 31 Dec 18 | 1,099 | 252 | 183 | 0 |
| 30 Sep 18 | 1,011 | 224 | 167 | 0 |
| 30 Jun 18 | 923 | 196 | 151 | 0 |
| 31 Mar 18 | 825 | 173 | 135 | 0 |
| 31 Dec 17 | 728 | 150 | 119 | 0 |
| 30 Sep 17 | 639 | 120 | 108 | 0 |
| 30 Jun 17 | 550 | 91 | 97 | 0 |
| 31 Mar 17 | 510 | 75 | 93 | 0 |
| 31 Dec 16 | 470 | 60 | 90 | 0 |
| 30 Sep 16 | 411 | 45 | 85 | 0 |
| 30 Jun 16 | 353 | 30 | 80 | 0 |
| 31 Mar 16 | 286 | 19 | 63 | 0 |
| 31 Dec 15 | 219 | 8 | 47 | 0 |
| 30 Sep 15 | 187 | 3 | 39 | 0 |
| 30 Jun 15 | 155 | -2 | 30 | 0 |
| 31 Mar 15 | 143 | -1 | 28 | 0 |
| 31 Dec 14 | 131 | -1 | 26 | 0 |
| 30 Sep 14 | 121 | 0 | 24 | 0 |
| 30 Jun 14 | 111 | 0 | 22 | 0 |
| 31 Mar 14 | 108 | 2 | 20 | 0 |
| 31 Dec 13 | 104 | 4 | 17 | 0 |
| 30 Sep 13 | 99 | 4 | 15 | 0 |
| 30 Jun 13 | 95 | 4 | 13 | 0 |
Quality Earnings: ATM has high quality earnings.
Growing Profit Margin: ATM's current net profit margins (10.3%) are higher than last year (8.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ATM's earnings have declined by 22.9% per year over the past 5 years.
Accelerating Growth: ATM's earnings growth over the past year (22.2%) exceeds its 5-year average (-22.9% per year).
Earnings vs Industry: ATM earnings growth over the past year (22.2%) exceeded the Food industry 7.8%.
Return on Equity
High ROE: ATM's Return on Equity (12.9%) is considered low.