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
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| NZX code: | SML |
| Short name: | Synlait Milk |
| Legal name: | Synlait Milk Limited |
| Industry sector: | Milk Production |
| NZX50 rank: | 50 of 50 |
| Head office address: | 1028 Heslerton Road, Rd 13, Rakaia, 7783 |
| Chairman: | Simon Robertson |
| Chief executive: | Grant Watson |
| Financial year ended: | July |
| Locations: | New Zealand |
| Auditor: | Deloitte |
| Bankers: | [Not Disclosed] |
Synlait Milk
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Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye July | bln | mln | cents |
| 2018 | $0.879 | $74.6 | 41.6 |
| 2019 | $1.024 | $81.2 | 45.9 |
| 2020 | $1.302 | $74.3 | 42.0 |
| 2021 | $1.367 | ($28.5) | (13.8) |
| 2022 | $1.661 | $38.5 | 17.6 |
| 2023 | $1.600 | ($4.30) | (1.96) |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye July | bln | bln | % |
| 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 |
| 2022 | $1.576 | $0.828 | 47.5 |
| 2023 | $1.690 | $0.900 | 53.3 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye July | mln | mln | mln |
| 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 |
| 2022 | $232.9 | $234.8 | $14.5 |
| 2023 | $39.04 | $80.61 | $9.29 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye July | cents | annual avg | dollars | annual avg % |
| 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 |
| 2022 | 17.6 | 18.2 | 2.70 | N/A |
| 2023 | (0.02) | 0 | 2.88 | N/A |
Description of trading activities
Synlait Milk combines both the expertise of Kiwi farmers with ‘state-of-the-art’ processing to create and produce a wide array of milk products for National and International customers.
CEO profile
The current CEO of Synlait Milk is Grant Watson. Watson joined the company as CEO in January, 2022. Prior to joining Synlait Milk, Watson was the CEO of indigenous Māori milk company, Miraka. Watson joins with an abundance of experience in the Milk industry having also spent 10 years at Fonterra.
Chairman profile
Simon Robertson was appointed to the Synalit board in November of 2020, fast-forward to December 2022 Robertson was elected as Chair. Robertson is experienced as a director of a company, spending 10 years with Auckland Airport directing the Finance, Accounting, and Business technology departments with his time reflecting significant growth for Auckland International Airport.
Robertson is also a director for the following companies:
- Ballance
- Alliance Group
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/ |