The a2 Milk Company Limited
Financial ratios & Valuation

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
-4.91K348.15118.4860.1741.9937.7460.0127.2924.3130.10N/A37.74
Price/Sales ratio
66.2530.0319.5412.769.298.414.012.312.373.01N/A8.41
Price/Book Value ratio
175.2879.6244.4721.1915.3312.844.462.833.303.98N/A12.84
Price/Cash Flow ratio
-1.27K493.44107.4650.9541.8034.0754.1416.4234.0119.72N/A34.07
Price/Free Cash Flow ratio
-1.13K514.98109.2651.5142.1934.5457.8016.8237.3921.45N/A34.54
Price/Earnings Growth ratio
N/A-0.240.610.550.941.05-0.750.600.773.16N/A1.05
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
35.27%42.88%48.00%50.36%54.84%55.96%42.29%45.95%46.45%45.81%N/A55.96%
Operating Profit Margin
1.37%14.95%25.68%30.27%32.15%31.64%10.49%12.28%12.64%12.08%N/A31.64%
Pretax Profit Margin
0.82%14.82%25.35%30.69%32.46%31.97%9.89%12.56%14.00%14.23%N/A31.97%
Net Profit Margin
-1.34%8.62%16.49%21.20%22.12%22.29%6.69%8.49%9.78%10.01%N/A22.29%
Effective Tax Rate
263.23%41.80%34.95%30.91%30.26%29.85%32.37%36.74%35.00%35.38%N/A29.85%
Return on Assets
-2.35%14.48%26.35%27.32%28.57%26.54%5.87%7.14%9.65%9.65%N/A26.54%
Return On Equity
-3.56%22.87%37.53%35.21%36.52%34.02%7.44%10.38%13.58%13.23%N/A34.02%
Return on Capital Employed
3.55%39.56%58.42%50.26%53.06%47.71%11.52%13.90%16.32%15.34%N/A47.71%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A2.66N/A
Quick Ratio
1.921.692.242.712.653.213.582.342.442.652.203.21
Cash ratio
0.210.750.880.960.881.353.180.990.922.322.010.88
Days of Sales Outstanding
85.0446.1545.6421.1316.2713.3914.4517.0113.2317.02N/A13.39
Days of Inventory outstanding
17.6195.2036.3251.0867.4070.5658.9065.5182.8772.31N/A70.56
Operating Cycle
102.66141.3581.9772.2283.6783.9573.3582.5296.1189.34N/A83.95
Days of Payables Outstanding
55.1866.9843.5452.6552.2962.2321.5138.8723.4433.76N/A62.23
Cash Conversion Cycle
47.4874.3638.4319.5631.3721.7151.8443.6472.6655.58N/A21.71
Debt Ratios
Debt Ratio
N/AN/AN/AN/AN/AN/AN/A0.060.050.020.30N/A
Debt Equity Ratio
N/AN/AN/AN/AN/AN/AN/A0.090.070.020.44N/A
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/A0.050.050.020.06N/A
Total Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/A0.080.060.020.09N/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/AN/AN/A1.901.356.74N/AN/A
Company Equity Multiplier
1.511.571.421.281.271.281.261.451.401.361.451.27
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.050.060.180.250.220.240.070.140.060.15N/A0.24
Free Cash Flow / Operating Cash Flow Ratio
1.120.950.980.980.990.980.930.970.900.91N/A0.98
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/AN/AN/A1.901.356.74N/AN/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/A4.997.41N/AN/AN/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A