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A2 Milk Company Ltd
NZX:ATM

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A2 Milk Company Ltd
NZX:ATM
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Price: 9.11 NZD -1.3% Market Closed
Market Cap: NZ$6.6B

Gross Margin

48.1%
Current
Improving
by 1.4%
vs 3-y average of 46.7%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
48.1%
=
Gross Profit
NZ$960.8m
/
Revenue
NZ$2B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
48.1%
=
Gross Profit
NZ$960.8m
/
Revenue
NZ$2B

Peer Comparison

Country Company Market Cap Gross
Margin
NZ
A2 Milk Company Ltd
NZX:ATM
6.6B NZD
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JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY
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CH
Nestle SA
SIX:NESN
202.5B CHF
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US
Mondelez International Inc
NASDAQ:MDLZ
73.4B USD
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FR
Danone SA
PAR:BN
43.6B EUR
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ZA
Tiger Brands Ltd
JSE:TBS
49.5B ZAR
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US
Hershey Co
NYSE:HSY
39.1B USD
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CN
Muyuan Foods Co Ltd
SZSE:002714
248.7B CNY
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CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
233.3B CNY
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ZA
Avi Ltd
JSE:AVI
32.8B ZAR
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CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
24.2B CHF
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Market Distribution

In line with most companies in New Zealand
Percentile
47th
Based on 251 companies
47th percentile
48.1%
Low
-127.6% — 37.1%
Typical Range
37.1% — 64.7%
High
64.7% — 107.2%
Distribution Statistics
New Zealand
Min -127.6%
30th Percentile 37.1%
Median 51%
70th Percentile 64.7%
Max 107.2%

A2 Milk Company Ltd
Glance View

Market Cap
6.6B NZD
Industry
Food Products

A2 Milk Company Ltd, hailing from New Zealand, has carved out a unique niche within the global dairy industry by revolutionizing the way people perceive and consume milk. Founded in 2000 by Dr. Corran McLachlan and Howard Paterson, the company diverged from traditional dairy producers by focusing exclusively on milk that contains only the A2 beta-casein protein. The science behind this innovation is grounded in research suggesting that A2 milk could offer digestive benefits for those sensitive to the more common A1 protein found in most cow's milk. This unique selling proposition allowed A2 Milk to position itself as a premium product, catering to health-conscious consumers and those seeking alternatives to regular dairy products. Through rigorous marketing and strategic product differentiation, A2 Milk expanded its footprint into major markets such as Australia, China, and the United States, establishing itself as a global player. The company's business model is strategically designed around branding and supply chain efficiency. A2 Milk operates by partnering with dairy farmers who specifically breed cows that produce only the A2 protein, ensuring authenticity and consistency in their product offerings. This approach not only supports a robust supply chain but also fosters strong relationships with suppliers and enhances quality control. A2 Milk generates revenue primarily through the sale of fresh milk, infant formula, milk powder, and other related dairy products. This portfolio diversification helps mitigate risks and tap into various customer segments. Moreover, A2 Milk's success lies in its ability to leverage strategic partnerships, innovative marketing, and consumer trust to maintain its competitive edge in the niche market, attracting both loyal customers and investors alike.

ATM Intrinsic Value
7.58 NZD
Overvaluation 17%
Intrinsic Value
Price NZ$9.11
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
48.1%
=
Gross Profit
NZ$960.8m
/
Revenue
NZ$2B
What is A2 Milk Company Ltd's current Gross Margin?

The current Gross Margin for A2 Milk Company Ltd is 48.1%, which is above its 3-year median of 46.7%.

How has Gross Margin changed over time?

Over the last 3 years, A2 Milk Company Ltd’s Gross Margin has increased from 46.7% to 48.1%. During this period, it reached a low of 44.9% on Dec 31, 2024 and a high of 48.1% on Jan 1, 2026.

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