SYNLAIT MILK LIMITED (SM1)
Share Price Analysis and Chart

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SM1

SM1 - SYNLAIT MILK LIMITED

FNArena Sector : Dairy
Year End: July
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 10.51
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.41

25 Mar
2026

0.000

OPEN

$0.39

0.000

HIGH

$0.41

23,694

LOW

$0.39

TARGET
$0.72 75.6% upside
OTHER COMPANIES IN THE SAME SECTOR
A2M . BGA . BUB . NUC . NUC . TFL .
FNARENA'S MARKET CONSENSUS FORECASTS
SM1: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) - 4.3 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-6.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,669.0 M
Book Value Per Share xxxxxxxxxxxxxxx119.9
Net Operating Cash Flow xxxxxxxxxxxxxxx107.3 M
Net Profit Margin xxxxxxxxxxxxxxx-2.18 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-5.71 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.74 %
Return on Assets xxxxxxxxxxxxxxx-2.45 %
Return on Equity xxxxxxxxxxxxxxx-5.71 %
Return on Total Capital xxxxxxxxxxxxxxx-1.70 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx86.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx307 M
Long Term Debt xxxxxxxxxxxxxxx45 M
Total Debt xxxxxxxxxxxxxxx352 M
Goodwill - Gross xxxxxxxxxxxxxxx53 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx72 M
Price To Book Value xxxxxxxxxxxxxxx0.46

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx21.6 M
Capex % of Sales xxxxxxxxxxxxxxx1.29 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,573 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx115 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

24/03/2026

5

Sell

-

-

Synlait Milk should expect pressure on its balance sheet to ease following the upcoming sale of North Island assets, UBS asserts, although EBIT improvement is likely to be restricted by a2 Milk ((A2M)) internalisation of the English-label infant formula manufacturing in FY27/FY28.

In line with guidance, EBITDA fell in the first half to a loss of -$35m, larger than expected.

The broker lowers ingredients margins to reflect reduced manufacturing efficiency. A quick re-rating appears unlikely and a Sell rating is maintained.

Target is reduced to NZ$0.40 from NZ$0.57.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -10.68 cents.
UBS forecasts a full year FY27 dividend of 0.89 cents and EPS of 1.78 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

25/03/2026

4

Underweight

-

-

Synlait Milk delivered a weak operating performance in the first half, the culmination of a series of inventory manufacturing challenges, Jarden observes.

The loss was driven by higher costs for manufacturing plant adjustments and lower ingredients returns.

Jarden reiterates an Underweight rating, finding it difficult to forecast earnings given the volatility in the business, and ahead of a strategy re-set.

The main risks include management execution, demand from a2 Milk ((A2M)) and the NZ dollar and commodity price volatility. Target is steady at NZ$0.45.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -8.99 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.78 cents.
Access Extra Coverage Research History >

SM1 STOCK CHART

FNArena News on SM1

1
Australian Broker Call *Extra* Edition – Mar 25, 2026

Mar 25 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 25-03-2026

Mar 25 2026 - Australia
3
a2 Milk Confidently Targets More Gains In China

Mar 23 2026 - Australia
4
Next Week At A Glance – 9-13 Mar 2026

Mar 06 2026 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 31-10-25

Nov 03 2025 - Weekly Reports

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