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Synlait Milk Ltd

SML.NZ

Latest Trade

5.55NZD

Change

0.14(+2.59%)

Volume

101,944

Today's Range

5.50

 - 

5.64

52 Week Range

4.36

 - 

9.97

As of on the New Zealand Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
5.41
Open
5.50
Volume
101,944
3M AVG Volume
2.57
Today's High
5.64
Today's Low
5.50
52 Week High
9.97
52 Week Low
4.36
Shares Out (MIL)
179.31
Market Cap (MIL)
1,084.81
Forward P/E
10.18
Dividend (Yield %)
--

Next Event

Synlait Milk Ltd Annual Shareholders Meeting

Latest Developments

More

Synlait Milk Says FY Net Profit After Tax Down 9.0% To NZ$75.2 Mln

Synlait Milk Says Opening Forecast For 2020/2021 Season Is NZ$6.00 Kgms

A2 Milk Increases Shareholding In Synlait

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About Synlait Milk Ltd

Synlait Milk Limited is a dairy processing company. The Company is engaged in manufacturing of nutritional solutions, value added products and specialty ingredients. It manufactures and sells milk powder and milk powder-related products. It manufactures specialized milk powders for infant formula manufacture and base pediatric powders for blending into finished infant formula, and finished infant formula products. Its products include infant and adult nutritional formulations, functional food ingredients and specialized products. The infant nutritional powder is a nutritional product. The ingredient products include whole milk powder, skim milk powder and anhydrous milk fat. The specialty product is synlait lactoferrin. The Company has 140,000 metric tons of annual production capacity and packages upto 30,000 metric tons of canned infant formula. It exports its products around the world to Asia, Middle East and Africa and other regions. Its subsidiary is Synlait Milk Finance Limited.

Industry

Food Processing

Contact Info

1028 Heslerton Road

Rakaia 7783, Private Bag 806

ASHBURTON, CNB

7740

New Zealand

+64.3.3733000

http://www.synlait.com/

Executive Leadership

Graeme Roderick Milne

Independent Chairman of the Board

Leon Clement

Chief Executive Officer

Angela Dixon

Chief Financial Officer

Matthew Foster

General Manager - Strategic Projects

Antony Moess

General Manager - Manufacturing

Key Stats

2.67 mean rating - 6 analysts
Sell
Hold
Buy
Revenue (MM, NZD)

2018

0.9K

2019

1.0K

2020

1.3K

2021(E)

1.5K
EPS (NZD)

2018

0.416

2019

0.459

2020

0.419

2021(E)

0.532
Price To Earnings (TTM)
15.25
Price To Sales (TTM)
0.97
Price To Book (MRQ)
2.09
Price To Cash Flow (TTM)
10.21
Total Debt To Equity (MRQ)
89.14
LT Debt To Equity (MRQ)
54.70
Return on Investment (TTM)
9.35
Return on Equity (TTM)
5.83

Latest News

Latest News

New Zealand's Synlait cuts dairy price forecast as COVID-19 stokes uncertainty

Synlait Milk revised downward its milk price forecast for the current season on Thursday, citing lower dairy prices in tandem with a global slump in commodity prices during the new coronavirus pandemic.

UPDATE 2-NZ's Synlait flags hit from falling China sales, warns on coronavirus; shares slump

* Structural issues in China hurting Synlait - analyst (Adds details on outlook, CEO comment, analyst comment, shares)

New Zealand's Synlait Milk sees lower first-half profit

Synlait Milk Ltd said on Thursday it expects lower half-year profit due to registration delays in China for infant formula.

New Zealand's Synlait Milk raises price forecast amid higher dairy prices

Synlait Milk raised its milk price forecast on Monday, pointing to higher global prices it expects to hold for the rest of the 2019-2020 season.

UPDATE 2-NZ's Synlait misses FY profit estimates, shares slump

* Sees continued growth in profits for fiscal 2020 (Updates throughout with share movement, analyst comment, background)

NZ's Synlait Milk posts a 10% jump in FY profit

New Zealand's Synlait Milk on Thursday posted a 10% rise in annual profit driven by higher infant formula sales during the year.

NZ's Synlait cuts milk price forecast, citing higher supply

New Zealand's Synlait Milk Ltd said on Monday it would revise down its milk price forecast for the 2018/2019 season to NZ$6.25 ($4.27) kilogramme of milk solids (kgMS) due to decreasing dairy commodity prices.

UPDATE 1-New Zealand's Synlait Milk posts 89 pct jump in full year profit

New Zealand's Synlait Milk on Wednesday posted an 89 percent jump in full-year net profit and cut its forecast milk price for the current 2018-2019 season to NZ$6.75 per kilogram of milk solids (kgMS)from NZ$7 per kgMS set earlier.

UPDATE 1-New Zealand's a2 Milk buys 8.2 pct stake in Synlait for $109 mln

New Zealand's a2 Milk Co said on Friday it would acquire an 8.2 percent stake in Synlait Milk Ltd for about NZ$161.8 million ($108.9 million), prompting Synlait's shares to jump 5 percent.

New Zealand's a2 Milk takes 8.2 pct stake in Synlait Milk for $109 mln

New Zealand's a2 Milk Co said on Friday it would acquire an 8.2 percent stake in Synlait Milk Ltd for about NZ$161.8 million ($108.9 million).

New Zealand's Synlait Milk extends a2 Milk Co supply deal

Synlait Milk Ltd <SML.NZ> <SM1.AX> said on Tuesday that it extended its supply deal with a2 Milk Company <ATM.NZ> <A2M.AX> by two years.

New Zealand's Synlait Milk extends a2 Milk Co supply deal

Synlait Milk Ltd said on Tuesday that it extended its supply deal with a2 Milk Company by two years.

New Zealand's Synlait Milk appoints Leon Clement as CEO

New Zealand's Synlait Milk <SML.NZ> on Tuesday said external candidate Leon Clement will assume the role of chief executive officer from mid-August.

NZ's Synlait Milk names Leon Clement CEO

Dairy products maker Synlait Milk on Tuesday said external candidate Leon Clement will assume the role of Chief Executive Officer from mid-August.

UPDATE 1-NZ's Synlait Milk says plant commissioned for 2019-20 season

New Zealand's Synlait Milk on Wednesday said its milk powder plant at its site southeast of Auckland would be commissioned for the 2019-20 season.

Australia shares cautious ahead of Fed; NZ hits record on Synlait earnings

Australian shares were little changed on Wednesday as losses in real estate firms and telcos offset gains in resources stocks, amid wider investor caution ahead of the Federal Reserve's policy meeting.

BRIEF-Synlait Milk Posts H1 Net Profit After Tax NZ$40.7 Mln

* RESEARCH AND DEVELOPMENT SPENDING IS FORECAST AT $7 MILLION IN FY18

New Zealand's Synlait Milk posts record H1 profit

New Zealand's Synlait Milk Ltd on Wednesday reported a record first-half net profit, helped by booming Chinese demand for infant formula from its branding partner, a2 Milk Company Ltd.

BRIEF-Synlait Milk Buys 28 Hectares Of Land In Pokeno, North Waikato

* BUYS 28 HECTARES OF LAND IN POKENO, NORTH WAIKATO, TO ESTABLISH SECOND NUTRITIONAL POWDER MANUFACTURING SITE

BRIEF-Synlait Milk Says No Change To Existing Synlait And A2 Milk Infant Formula Supply Arrangements

* CLARIFIES ANNOUNCEMENTS MADE BY A2 MILK & FONTERRA DO NOT CHANGE CO'S EXCLUSIVE INFANT FORMULA SUPPLY ARRANGEMENTS TO A2 MILK Source text for Eikon: Further company coverage:

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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