Stock Analysis

Synlait Milk First Half 2023 Earnings: EPS: NZ$0.022 (vs NZ$0.13 in 1H 2022)

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NZSE:SML
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Synlait Milk (NZSE:SML) First Half 2023 Results

Key Financial Results

  • Revenue: NZ$769.8m (down 2.6% from 1H 2022).
  • Net income: NZ$4.81m (down 83% from 1H 2022).
  • Profit margin: 0.6% (down from 3.5% in 1H 2022).
  • EPS: NZ$0.022 (down from NZ$0.13 in 1H 2022).
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NZSE:SML Earnings and Revenue Growth March 28th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Synlait Milk Earnings Insights

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Food industry in New Zealand.

Performance of the New Zealander Food industry.

The company's shares are down 13% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Synlait Milk (1 is potentially serious!) that you need to take into consideration.

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Find out whether Synlait Milk is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.