The a2 Milk Company Limited (NZE:ATM)

The a2 Milk Company Ratios and Metrics

Market cap in millions NZD. Fiscal year is July - June.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 18, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Market Capitalization	5,201	6,248	5,133	3,863	3,666	4,788
Market Cap Growth	-20.62%	21.73%	32.89%	5.36%	-23.42%	-67.95%
Enterprise Value	4,324	5,282	4,395	3,216	3,033	4,030
Last Close Price	7.17	8.45	6.89	5.19	4.78	6.25
PE Ratio	25.19	30.80	30.63	24.82	29.90	59.36
Forward PE	23.06	28.52	27.12	21.73	23.47	28.26
PS Ratio	2.53	3.29	3.07	2.43	2.54	3.97
PB Ratio	3.75	4.37	4.08	3.36	3.07	4.42
P/TBV Ratio	4.45	4.66	4.44	3.72	3.42	4.48
P/FCF Ratio	25.06	31.59	21.50	38.16	18.44	57.17
P/OCF Ratio	23.87	31.01	20.07	34.71	17.99	53.54
PEG Ratio	1.53	1.67	2.31	1.03	0.77	-
EV/Sales Ratio	2.10	2.78	2.63	2.02	2.10	3.35
EV/EBITDA Ratio	14.90	19.69	19.18	14.96	15.88	31.00
EV/EBIT Ratio	16.10	21.29	21.73	15.99	17.10	31.88
EV/FCF Ratio	20.83	26.70	18.41	31.78	15.25	48.13
Debt / Equity Ratio	0.01	0.07	0.05	0.09	0.10	0.02
Debt / EBITDA Ratio	0.07	0.37	0.28	0.46	0.64	0.12
Debt / FCF Ratio	0.09	0.51	0.28	1.00	0.63	0.20
Net Debt / Equity Ratio	-0.63	-0.70	-0.72	-0.61	-0.64	-0.79
Net Debt / EBITDA Ratio	-3.09	-3.72	-3.94	-3.26	-3.99	-6.60
Net Debt / FCF Ratio	-4.23	-5.05	-3.78	-6.92	-3.84	-10.25
Asset Turnover	1.10	1.03	1.00	0.96	0.94	0.85
Inventory Turnover	6.09	6.43	4.86	5.11	6.19	5.36
Quick Ratio	2.29	2.65	2.51	2.32	2.22	3.48
Current Ratio	2.96	3.22	3.09	2.96	2.66	3.99
Return on Equity (ROE)	14.72%	14.29%	12.79%	12.36%	10.07%	7.27%
Return on Assets (ROA)	8.98%	8.43%	7.55%	7.56%	7.18%	5.59%
Return on Invested Capital (ROIC)	35.41%	41.96%	32.55%	29.73%	34.20%	32.76%
Return on Capital Employed (ROCE)	19.00%	16.60%	15.30%	16.30%	13.90%	11.50%
Earnings Yield	2.35%	3.25%	3.26%	4.03%	3.35%	1.69%
FCF Yield	3.99%	3.17%	4.65%	2.62%	5.42%	1.75%
Dividend Yield	3.23%	2.37%	-	-	-	-
Payout Ratio	118.75%	30.33%	-	-	-	-
Buyback Yield / Dilution	-0.04%	-0.20%	1.37%	0.96%	-0.14%	-0.33%
Total Shareholder Return	3.19%	2.17%	1.37%	0.96%	-0.14%	-0.33%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.