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SML - Synlait Milk profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

Synlait Milk 

Directory

NZX code: SML
Short name: Synlait Milk
Legal name: Synlait Milk Limited
Industry sector: Milk Production
NZX50 rank: 48 of 50
Head office address: 1028 Heslerton Road, Rd 13, Rakaia, 7783
Chairman: Graeme Milne
Chief executive: John Penno
Financial year ended: July
Locations: New Zealand
Auditor: Deloitte
Bankers: [Not Disclosed]

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Synlait Milk

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Financial statement history
 

A. Recent trading and performance summary:

  Total
revenue
NPAT Earnings
per share
fye July mln mln cents
2017 $759 $39.5 22.1
2018 $879 $74.6 41.6
2019 $1024 $81.2 45.9
2020 $1302 $74.3 42.0
2021 $1367 ($28.5) (13.8)

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye July bln bln %
2017 $0.754 $0.361 52.1
2018 $0.794 $0.369 53.5
2019 $1.150 $0.658 42.8
2020 $1.492 $0.886 40.6
2021 $1.618 $0.851 47.4

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C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye July mln mln mln
2017 $131.9 $60.2 $73.8
2018 $98.4 $140.1 $32.1
2019 $321.1 $337.4 $16.0
2020 $214.9 $225.0 $5.9
2021 $146.9 $136.8 $16.0

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D. Recent key ratio analysis:

  Earnings
per share
Price:Earnings
ratio
NTA/share Dividend
yield
fye July cents annual avg dollars annual avg %
2017 22.1 20.1 2.15 N/A
2018 41.6 26.2 2.29 N/A
2019 45.9 21.9 2.61 N/A
2020 42.0 16.4 2.76 N/A
2021 (13.8) (27.0) 3.10 N/A

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Description of trading activities 

Synlait Milk manufactures and sells milk powder and other milk products. These products include infant formula and base pediatric powders for blending into finished infant formula.

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CEO profile

John Penno was appointed CEO of Synlait Milk in September of 2021. He has a degree in Agricultural Science and began his career in the dairy industry as a consulting officer for the New Zealand Dairy Board. He then completed a PhD in animal science. John co-founded the Synlait group in 2000. He also chairs the Pure Food Co. Limited and is a director of Okuora Holdings Limited, Thorndale Dairies Limited and Leaft Foods Limited.


Chairman profile

Graeme Milne joined Synlait in 2006 as a director. He is the Chairman of both Synlait Milk Limited and Synlait Milk Finance Limited. Currently, he is also Chair of Terracare Fertilisers Ltd, PF Olsen Limited and PF Olsen Group Limited.


Links:

Company website: https://www.synlait.com/
Investor information: https://www.synlait.com/investors/
NZX listing: https://www.nzx.com/companies/SML
Annual reports: https://www.synlait.com/investors/

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