SYNLAIT MILK LIMITED (SM1)
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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

$0.325

25 Jun
2026

-0.005

OPEN

$0.33

-1.52%

HIGH

$0.33

52,249

LOW

$0.33

TARGET
$0.385 18.5% upside
OTHER COMPANIES IN THE SAME SECTOR
A2M . BGA . BUB . NUC . NUC . TFL .
FNARENA'S MARKET CONSENSUS FORECASTS
SM1: 1
Title FY27
Forecast		 FY28
Forecast
EPS (cps) 2.1 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 20.9 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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
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Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-10.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,439.5 M
Book Value Per Share xxxxxxxxxxxxxxx98.3
Net Operating Cash Flow xxxxxxxxxxxxxxx-186.6 M
Net Profit Margin xxxxxxxxxxxxxxx-5.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-11.90 %
Return on Invested Capital xxxxxxxxxxxxxxx-10.43 %
Return on Assets xxxxxxxxxxxxxxx-5.80 %
Return on Equity xxxxxxxxxxxxxxx-11.90 %
Return on Total Capital xxxxxxxxxxxxxxx-6.02 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-210.3 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx91 M
Long Term Debt xxxxxxxxxxxxxxx141 M
Total Debt xxxxxxxxxxxxxxx232 M
Goodwill - Gross xxxxxxxxxxxxxxx49 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx16 M
Price To Book Value xxxxxxxxxxxxxxx0.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx30.7 M
Capex % of Sales xxxxxxxxxxxxxxx2.13 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,411 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx85 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 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

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

10/06/2026

3

Hold

$0.385

18.46%

Synlait Milk's trading update revealed a net loss of -NZ$12m for January to April 2026, which includes Bell Potter's estimated profit from the sale of the North Island site for NZ$21m.

As the update spans reporting periods, the analyst believes it is difficult to determine an estimated run rate for 2H26, although most of the losses appear to have been incurred in January and were flagged in the 1H26 result.

Management also announced Bright Dairy has approved a replacement facility for its NZ$130m loan, which was originally approved in July 2024. The analyst notes the facility is for two years on the same terms.

Earnings (EBITDA) forecasts are downgraded by -57% for FY26, off a low base, the broker states, and by -8% for FY27. The Hold rating is unchanged, with a lower target of 38.5c from 42c.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -7.77 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.26 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

SM1 STOCK CHART

FNArena News on SM1

Latest Dairy News

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6
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