SML Stock Overview
Synlait Milk Limited, together with its subsidiaries, manufactures and sells dairy products in China, rest of Asia, the Middle East, Africa, New Zealand, Australia, and internationally.
Synlait Milk Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$3.24|
|52 Week High||NZ$3.96|
|52 Week Low||NZ$3.02|
|1 Month Change||-3.86%|
|3 Month Change||4.18%|
|1 Year Change||-7.16%|
|3 Year Change||-65.35%|
|5 Year Change||-31.93%|
|Change since IPO||18.25%|
Recent News & Updates
Growth Investors: Industry Analysts Just Upgraded Their Synlait Milk Limited (NZSE:SML) Revenue Forecasts By 11%
Synlait Milk Limited ( NZSE:SML ) shareholders will have a reason to smile today, with the analysts making substantial...
|SML||NZ Food||NZ Market|
Return vs Industry: SML exceeded the NZ Food industry which returned -16.8% over the past year.
Return vs Market: SML exceeded the NZ Market which returned -10.7% over the past year.
|SML Average Weekly Movement||4.1%|
|Food Industry Average Movement||4.1%|
|Market Average Movement||4.3%|
|10% most volatile stocks in NZ Market||8.0%|
|10% least volatile stocks in NZ Market||3.0%|
Stable Share Price: SML is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SML's weekly volatility (4%) has been stable over the past year.
About the Company
Synlait Milk Limited, together with its subsidiaries, manufactures and sells dairy products in China, rest of Asia, the Middle East, Africa, New Zealand, Australia, and internationally. The company is also involved in the processing, packaging, and marketing of dairy products, including cheese, butter, and milk powder. It offers liquid milk; milk powder related products; nutritional products, such as infant and adult nutritional powders; ingredients comprising skim milk powders and anhydrous milk fat; and specialized nutritional ingredients, such as lactoferrin.
Synlait Milk Fundamentals Summary
|SML fundamental statistics|
Is SML overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SML income statement (TTM)|
|Cost of Revenue||NZ$1.42b|
Last Reported Earnings
Jan 31, 2022
Next Earnings Date
Sep 26, 2022
|Earnings per share (EPS)||-0.032|
|Net Profit Margin||-0.46%|
How did SML perform over the long term?See historical performance and comparison
Is SML undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SML?
Other financial metrics that can be useful for relative valuation.
|What is SML's n/a Ratio?|
Price to Sales Ratio vs Peers
How does SML's PS Ratio compare to its peers?
|SML PS Ratio vs Peers|
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Price-To-Sales vs Peers: SML is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.4x).
Price to Earnings Ratio vs Industry
How does SML's PE Ratio compare vs other companies in the Oceanian Food Industry?
Price-To-Sales vs Industry: SML is good value based on its Price-To-Sales Ratio (0.5x) compared to the NZ Food industry average (0.7x)
Price to Sales Ratio vs Fair Ratio
What is SML's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.5x|
|Fair PS Ratio||0.6x|
Price-To-Sales vs Fair Ratio: SML is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).
Share Price vs Fair Value
What is the Fair Price of SML when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SML (NZ$3.24) is trading below our estimate of fair value (NZ$4.93)
Significantly Below Fair Value: SML is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Synlait Milk forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SML is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).
Earnings vs Market: SML is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SML is expected to become profitable in the next 3 years.
Revenue vs Market: SML's revenue (4.8% per year) is forecast to grow slower than the NZ market (5.8% per year).
High Growth Revenue: SML's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SML's Return on Equity is forecast to be low in 3 years time (8.6%).
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How has Synlait Milk performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SML is currently unprofitable.
Growing Profit Margin: SML is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SML is unprofitable, and losses have increased over the past 5 years at a rate of 17.6% per year.
Accelerating Growth: Unable to compare SML's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SML is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (4.8%).
Return on Equity
High ROE: SML has a negative Return on Equity (-0.93%), as it is currently unprofitable.
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How is Synlait Milk's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SML's short term assets (NZ$509.9M) do not cover its short term liabilities (NZ$518.2M).
Long Term Liabilities: SML's short term assets (NZ$509.9M) exceed its long term liabilities (NZ$421.6M).
Debt to Equity History and Analysis
Debt Level: SML's net debt to equity ratio (52.1%) is considered high.
Reducing Debt: SML's debt to equity ratio has increased from 41% to 57.5% over the past 5 years.
Debt Coverage: SML's debt is well covered by operating cash flow (47.1%).
Interest Coverage: Insufficient data to determine if SML's interest payments on its debt are well covered by EBIT.
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What is Synlait Milk current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SML's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SML's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SML's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SML's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SML has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Grant Watson serves as Chief Executive Officer at Synlait Milk Limited since January 24, 2022. He had been Chief Executive Officer of dairy company, Miraka. Prior to Miraka, he worked at Fonterra where...
Experienced Management: SML's management team is considered experienced (4.6 years average tenure).
Experienced Board: SML's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Synlait Milk Limited's employee growth, exchange listings and data sources
- Name: Synlait Milk Limited
- Ticker: SML
- Exchange: NZSE
- Founded: 2005
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: NZ$708.205m
- Shares outstanding: 218.58m
- Website: https://www.synlait.com
Number of Employees
- Synlait Milk Limited
- 1028 Heslerton Road
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/11 00:00|
|End of Day Share Price||2022/08/11 00:00|
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.