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The a2 Milk Company Limited (ATM.NZ)
NZD8.40
-0.17 (-1.98%)
NZ NZE Consumer Defensive Packaged Foods
Address
51 Shortland Street 1010
Auckland, NZ
Auckland, NZ
CEO
David L. Bortolussi
Website
thea2milkcompany.com
IPO
2004-01-05
ISIN NZATME0002S8
Also trades on
Australian Securities Exchange · A2M.AX (AUD)
New Zealand Exchange · ATM.NZ (NZD)
Other OTC · ACOPF (USD)
Other OTC · ACOPY (USD)
Description
The a2 Milk Company Limited, along with its affiliated entities, distributes A2 protein-branded dairy products and related merchandise across key international markets including Australia, New Zealand, China, various other Asian territories, and the United States. Its core offerings include fresh milk, marketed under the "a2 Milk" brand, and infant formula, sold as "a2 Platinum." This Auckland, New Zealand-headquartered company was founded in 2000 and officially changed its name from A2 Corporation Limited to its present form in April 2014.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
NZD8.40
-0.17 (-1.98%)
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Volume Profile
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Liquidity & share structure
Average Volume
681.1K
Beta
0.29
Float Shares
723.05M
Free Float %
99.7%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.09% | -6.16% | -24.45% | -43.29% | -40.40% | -39.24% | -26.24% | +13.91% | +11.77% | +328.10% | +1,537.50% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
8.40
DCF (Unlevered)
23.06
+174.5%
DCF (Levered)
20.27
+141.3%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
33% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 3 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 1 | 0 |
Quality scores
Altman Z-Score
10.89
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Packaged Foods: +4.4%+13.5% ★ Q4'25: +144.7% (vs Q4'23)
-
EPS growth Packaged Foods: +14.6%+21.7% ★ Q4'25: +172.1% (vs Q4'23)
-
FCF margin FCF growth · Packaged Foods: +15.9%+9.7% Q4'25: +8.7% (vs Q4'23)
-
EBIT margin Packaged Foods: +7.9%+15.4% ★ Q4'25: +15.5% (vs Q4'23)
-
ROIC Packaged Foods: +7.0%+44.9% ★ Q4'25: +81.4% (vs Q4'23)
-
Share dilution Packaged Foods: +0.0%+0.2% Q4'25: +0.3% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×0.32× ★ Q4'25: 0.05× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Jun 2015 actual |
Jun 2016 actual |
Jun 2017 actual |
Jun 2018 actual |
Jun 2019 actual |
Jun 2020 actual |
Jun 2021 actual |
Jun 2022 actual |
Jun 2023 actual |
Jun 2024 actual |
Jun 2025 actual |
Jun 2026 13 Rev. Ana. 4 EPS Ana. |
Jun 2027 13 Rev. Ana. 5 EPS Ana. |
Jun 2028 12 Rev. Ana. 4 EPS Ana. |
Jun 2029 10 Rev. Ana. 1 EPS Ana. |
Jun 2030 6 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
155.11M
est: 155.59M (-0.3%)
|
352.78M
est: 353.04M (-0.1%)
|
549.53M
est: 543.49M (+1.1%)
|
922.68M
est: 920.57M (+0.2%)
|
1.30B
est: 1.31B (-1.0%)
|
1.73B
est: 1.76B (-1.6%)
|
1.21B
est: 1.23B (-1.7%)
|
1.44B
est: 1.40B (+3.2%)
|
1.59B
est: 1.59B (+0.1%)
|
1.67B
est: 1.68B (-0.3%)
|
1.90B
est: 1.88B (+0.9%)
|
1.99B
1.96B – 2.02B
+5.7% YoY
|
2.20B
2.00B – 2.29B
+10.5% YoY
|
2.39B
2.37B – 2.40B
+8.6% YoY
|
2.65B
2.50B – 2.72B
+10.9% YoY
|
2.86B
2.70B – 2.94B
+8.0% YoY
|
| EBITDA |
3.33M
est: 22.17M (-85.0%)
|
54.10M
est: 50.32M (+7.5%)
|
142.38M
est: 77.46M (+83.8%)
|
280.88M
est: 131.20M (+114.1%)
|
420.22M
est: 187.22M (+124.5%)
|
549.76M
est: 250.73M (+119.3%)
|
130.01M
est: 174.68M (-25.6%)
|
196.34M
est: 199.35M (-1.5%)
|
219.42M
est: 226.52M (-3.1%)
|
273.34M
est: 395.05M (-30.8%)
|
318.07M
est: 443.32M (-28.3%)
|
468.76M
460.48M – 474.77M
+5.7% YoY
|
518.15M
470.17M – 538.71M
+10.5% YoY
|
562.56M
559.17M – 565.95M
+8.6% YoY
|
623.93M
588.42M – 640.70M
+10.9% YoY
|
674.15M
635.79M – 692.28M
+8.0% YoY
|
| EBIT |
2.13M
est: 20.19M (-89.5%)
|
52.76M
est: 45.81M (+15.2%)
|
139.49M
est: 70.52M (+97.8%)
|
279.37M
est: 119.45M (+133.9%)
|
418.21M
est: 170.45M (+145.4%)
|
547.72M
est: 228.26M (+140.0%)
|
119.34M
est: 159.03M (-25.0%)
|
177.41M
est: 181.49M (-2.3%)
|
201.22M
est: 206.22M (-2.4%)
|
241.14M
est: 356.02M (-32.3%)
|
291.73M
est: 399.53M (-27.0%)
|
422.46M
414.99M – 427.87M
+5.7% YoY
|
466.97M
423.73M – 485.50M
+10.5% YoY
|
506.99M
503.93M – 510.04M
+8.6% YoY
|
562.29M
530.30M – 577.41M
+10.9% YoY
|
607.56M
572.99M – 623.89M
+8.0% YoY
|
| Net Income |
-2.09M
est: -26.2K (-7,878.8%)
|
30.44M
est: 33.16M (-8.2%)
|
90.65M
est: 81.90M (+10.7%)
|
195.68M
est: 187.32M (+4.5%)
|
287.74M
est: 291.95M (-1.4%)
|
385.84M
est: 388.18M (-0.6%)
|
80.66M
est: 91.72M (-12.1%)
|
122.62M
est: 111.83M (+9.7%)
|
155.64M
est: 146.23M (+6.4%)
|
167.58M
est: 167.58M (+0.0%)
|
202.89M
est: 202.89M (+0.0%)
|
200.22M
196.10M – 204.35M
-1.3% YoY
|
254.57M
244.07M – 264.12M
+27.1% YoY
|
303.57M
254.73M – 354.89M
+19.2% YoY
|
384.23M
355.81M – 397.66M
+26.6% YoY
|
371.27M
343.80M – 384.25M
-3.4% YoY
|
| SGA |
30.84M
est: 49.73M (-38.0%)
|
79.78M
est: 112.83M (-29.3%)
|
94.64M
est: 173.70M (-45.5%)
|
151.76M
est: 294.21M (-48.4%)
|
234.19M
est: 419.84M (-44.2%)
|
334.20M
est: 562.24M (-40.6%)
|
301.48M
est: 391.71M (-23.0%)
|
488.60M
est: 447.04M (+9.3%)
|
539.72M
est: 507.95M (+6.3%)
|
566.52M
est: 536.18M (+5.7%)
|
629.77M
est: 601.70M (+4.7%)
|
636.23M
624.99M – 644.39M
+5.7% YoY
|
703.26M
638.14M – 731.17M
+10.5% YoY
|
763.54M
758.94M – 768.14M
+8.6% YoY
|
846.83M
798.64M – 869.60M
+10.9% YoY
|
915.00M
862.93M – 939.60M
+8.0% YoY
|
| EPS |
0.00
est: 0.00 (-9,066.7%)
|
0.04
est: 0.05 (-2.8%)
|
0.13
est: 0.11 (+15.6%)
|
0.27
est: 0.26 (+4.9%)
|
0.39
est: 0.40 (-2.8%)
|
0.53
est: 0.53 (-0.6%)
|
0.11
est: 0.13 (-12.7%)
|
0.16
est: 0.15 (+4.2%)
|
0.21
est: 0.20 (+5.1%)
|
0.23
est: 0.24 (-3.6%)
|
0.28
est: 0.28 (+0.9%)
|
0.28
0.27 – 0.28
-0.1% YoY
|
0.35
0.34 – 0.36
+24.8% YoY
|
0.42
0.35 – 0.49
+21.4% YoY
|
0.53
0.49 – 0.55
+25.5% YoY
|
0.51
0.47 – 0.53
-3.4% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-28 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-27 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-26 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-25 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-22 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-21 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-20 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-19 | B+ | 3/5 | 5/5 | 4/5 | 5/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-18 | B+ | 3/5 | 5/5 | 4/5 | 5/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-15 | B+ | 3/5 | 5/5 | 4/5 | 5/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-14 | B+ | 3/5 | 5/5 | 4/5 | 5/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-13 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-12 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-11 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-08 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-07 | A- | 4/5 | 5/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-06 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-05 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-04 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-01 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-30 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-29 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-28 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-24 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-23 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-22 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-21 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-20 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-17 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-16 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
437.25M
OE per share TTM
0.60
Owner's Yield
9.20%
Maintenance CapEx ratio
43.64%
Maint CapEx / Avg PPE
10.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 25 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | VanEck - S&P/ASX MidCap ETF MVE.AX | 1.60% | 5.26M | 0.45% |
| 2 | Franklin FTSE Australia ETF FLAU | 0.20% | 307.6K | 0.09% |
| 3 | Xtrackers S&P ASX 200 UCITS ETF 1D XAUS.L | 0.20% | 143.5K | 0.50% |
| 4 | Columbia International Equity Income ETF INEQ | 0.16% | 147.8K | 0.45% |
| 5 | BMO Global Consumer Staples Hedged to CAD Index ETF STPL.TO | 0.09% | 19.5K | 0.40% |
| 6 | Goldman Sachs ActiveBeta World Equity ETF GSWO | 0.08% | 1.32M | 0.15% |
| 7 | Schwab Fundamental International Small Company Index ETF FNDC | 0.06% | 1.72M | 0.39% |
| 8 | Amundi S&P World Consumer Staples Screened UCITS ETF Acc STAW.MI | 0.04% | 116.7K | 0.18% |
| 9 | JPMorgan ETFs (Ireland) ICAV - Carbon Transition Global Equity (CTB) UCITS ETF JPCE.MI | 0.02% | 109.7K | 0.19% |
| 10 | JPMorgan ETFs (Ireland) ICAV - Carbon Transition Global Equity (CTB) UCITS ETF JPCT.L | 0.02% | 96.3K | 0.19% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
597.8K
Shares Outstanding
725.43M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| David L. Bortolussi | MD, Chief Executive Officer & Director | 5M | male |
| Chante Mueller | Head of Investor Relations | — | male |
| David Muscat | Chief Financial Officer | — | male |
| Eleanor Khor | Advisor | — | female |
| Helena He | Chief Marketing Officer | — | female |
| Jaron McVicar | Chief Sustainability Officer & MD of ANZ and Sustainability | — | male |
| Kate Tidbury | Chief Legal Officer & Company Secretary | — | female |
| Kevin Bush | Managing Director of USA | — | male |
| Li Xiao | Chief Executive of Greater China | — | male |
| Amanda Hart | Chief People & Culture Officer | — | female |
| Yohan Senaratne | Managing Director of International | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for ATM.NZ
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
