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Synlait Milk Ltd

SML.NZ

Latest Trade

8.75NZD

Change

0.07(+0.81%)

Volume

18,549

Today's Range

8.65

 - 

8.75

52 Week Range

8.45

 - 

11.35

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

Pricing

Previous Close
8.68
Open
8.71
Volume
18,549
3M AVG Volume
2.23
Today's High
8.75
Today's Low
8.65
52 Week High
11.35
52 Week Low
8.45
Shares Out (MIL)
179.22
Market Cap (MIL)
1,567.34
Forward P/E
16.76
Dividend (Yield %)
--

Next Event

Synlait Milk Ltd Annual Shareholders Meeting

Latest Developments

More

Synlait Milk Has Issued NZ$180 MLN Of Unsecured, Subordinated, Fixed Rate Bonds

Synlait Milk Sets Interest Rate For Five-Year Unsecured Subordinated Bonds

Synlait Milk Receives GACC Infant Formula Approval For Auckland Facility

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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, Rd 13

+64.3.3733000

http://www.synlait.com/

Executive Leadership

Graeme Roderick Milne

Independent Chairman of the Board

Leon Clement

Chief Executive Officer

Nigel Greenwood

Chief Financial Officer

Matthew Foster

General Manager - Strategic Projects

Antony Moess

General Manager - Manufacturing

Key Stats

3.14 mean rating - 7 analysts
Sell
Hold
Buy
Revenue (MM, NZD)

2017

0.8K

2018

0.9K

2019

1.0K

2020(E)

1.3K
EPS (NZD)

2017

0.221

2018

0.416

2019

0.459

2020(E)

0.518
Price To Earnings (TTM)
19.33
Price To Sales (TTM)
1.53
Price To Book (MRQ)
3.23
Price To Cash Flow (TTM)
14.26
Total Debt To Equity (MRQ)
70.91
LT Debt To Equity (MRQ)
50.67
Return on Investment (TTM)
12.35
Return on Equity (TTM)
8.47

Latest News

Latest News

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.

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 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:

BRIEF-Synlait Milk And ‍Bright Dairy Sign Five Year Supply Agreement For Packaged Infant Formula

* CO AND BRIGHT DAIRY SIGN FIVE YEAR SUPPLY AGREEMENT FOR PACKAGED INFANT FORMULA Source text for Eikon: Further company coverage:

BRIEF-Synlait Milk ‍Reaffirmed Milk Price Forecast For 2017 / 2018 Season​

* REAFFIRMED ITS MILK PRICE FORECAST OF NZ$6.50 KGMS FOR 2017 / 2018 SEASON

BRIEF-Synlait Milk Partners With Foodstuffs South Island

* INTENDS TO INVEST ABOUT NZ$125 MILLION IN ADVANCED LIQUID DAIRY PACKAGING FACILITY TO SUPPLY FOODSTUFFS SOUTH ISLAND

BRIEF-Synlait Milk Sees Significant Growth In Profitability In FY18

* SIGNIFICANT GROWTH IN PROFITABILITY EXPECTED IN FY18 WHICH IS DRIVEN BY GROWTH IN CANNED INFANT FORMULA Source text for Eikon: Further company coverage:

BRIEF-Synlait Milk ‍CEO And Founder John Penno Intends To Step Down In Next 12 Months​

* CHIEF EXECUTIVE OFFICER AND FOUNDER JOHN PENNO INTENDS TO STEP DOWN FROM HIS POSITION IN NEXT 12 MONTHS Source text for Eikon: Further company coverage:

BRIEF-Synlait Milk to establish R+D centre in Palmerston North

* Synlait establishing R+D centre in Palmerston North Source text for Eikon: Further company coverage:

BRIEF-Synlait Milk posts FY net profit after tax of NZ$38.2 mln

* Synlait's forecast milk price of $6.50 kgms for current 2017 / 2018 dairy season remains unchanged

BRIEF-Synlait Milk announces supply deal with New Hope Nutritionals for infant formula production

* Co has today announced a new supply agreement with New Hope Nutritionals for production of their infant formula brands Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

A2 Milk and Synlait confident registration with China food regulator will go ahead

A2 Milk Company Limited and supplier Synlait Milk said on Thursday their application with China's food regulator had been accepted for review and they were confident the registration would go ahead as planned.

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

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