The a2 Milk Company Ltd
Research The a2 Milk Company Ltd (A2M) on Bullrun: market cap AUD 4.86B, P/E 29.0, dividend yield 2.0%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerA2M
- ExchangeAU
- CountryNew Zealand
- SectorConsumer Defensive
- IndustryPackaged Foods
- CurrencyAUD
- Market capAUD 4.86B
- P/E29.0
- Dividend yield2.0%
- Financial periodFY2025
- RevenueNZD 1.90B
- Revenue growth13.5%
- Net incomeNZD 202.89M
- Free cash flowNZD 197.51M
- Gross margin46.1%
Valuation Snapshot
latest market cap is AUD 4.86B; P/E is 29.0; dividend yield is 2.0%.
Peer valuation comparison
Latest P/E is 29x versus a Consumer Defensive sector median of 17.24x (68.2% above).
Latest dividend yield is 1.95% versus a Consumer Defensive sector median of 3.01% (35.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | NZD 1.90B | NZD 202.89M | NZD 197.51M | 46.1% | 0.28 | NZD 1.10B | NZD 100.74M | NZD 1.45B |
| FY2024 | NZD 1.67B | NZD 167.58M | NZD 235.22M | 45.8% | 0.23 | NZD 968.94M | NZD 66.22M | NZD 1.27B |
| FY2023 | NZD 1.59B | NZD 155.64M | NZD 100.88M | 46.5% | 0.21 | NZD 802.23M | NZD 101.53M | NZD 1.15B |
| FY2022 | NZD 1.44B | NZD 122.62M | NZD 198.63M | 46.0% | 0.16 | NZD 887.31M | NZD 124.35M | NZD 1.18B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-03 | AUD 4.86B | 29.0 | 2.0% | 0.13 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.13 AUD, yield 2.0%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.1 NZD |
About The a2 Milk Company Ltd
The a2 Milk Company Limited, together with its subsidiaries, sells A2-type protein type branded milk and related products in Australia, New Zealand, China, rest of Asia, and the United States. The company offers infant milk formula, milk, and other nutritional products under the a2 Milk and a2 Platinum brands. It also provides rent, royalty, and licensing services. The company was formerly known as A2 Corporation Limited and changed its name to The a2 Milk Company Limited in April 2014.
Related stock research
Other Consumer Defensive stocks
Frequently asked questions
What is The a2 Milk Company Ltd's market cap?
The a2 Milk Company Ltd's market capitalization is AUD 4.86B.
What is The a2 Milk Company Ltd's P/E ratio?
The a2 Milk Company Ltd's price-to-earnings (P/E) ratio is 29.0.
Does The a2 Milk Company Ltd pay a dividend?
The a2 Milk Company Ltd has a dividend yield of 2.0%.
What does The a2 Milk Company Ltd do?
The a2 Milk Company Limited, together with its subsidiaries, sells A2-type protein type branded milk and related products in Australia, New Zealand, China, rest of Asia, and the United States. The company offers infant milk formula, milk, and other nutritional products under the a2 Milk and a2 Platinum brands. It also provides rent, royalty, and licensing services. The company was formerly known as A2 Corporation Limited and changed its name to The a2 Milk Company Limited in April 2014. The a2 Milk Company Limited was incorporated in 2000 and is based in Auckland, New Zealand.