Synlait Milk Ltd
NZX:SML

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Synlait Milk Ltd
NZX:SML
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Price: 0.64 NZD -1.54% Market Closed
Market Cap: 386m NZD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one SML stock under the Base Case scenario is 1.27 NZD. Compared to the current market price of 0.64 NZD, Synlait Milk Ltd is Undervalued by 50%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SML Relative Value
Base Case
1.27 NZD
Undervaluation 50%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.2
P/S
P/S
Price to Sales
0.2
vs History
68
vs Industry
79
Median 3Y
0.2
Median 5Y
0.5
Industry
1
Forward
0.2
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
31
Median 3Y
-0.9
Median 5Y
-0.5
Industry
16.5
Forward
126.7
More Details
9.4
P/OCF
P/OCF
Price to OCF
9.4
vs History
33
vs Industry
70
Median 3Y
3
Median 5Y
7.4
Industry
9.7
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
56
Median 3Y
1.6
Median 5Y
1.6
Industry
17.1
More Details
0.5
P/B
P/B
Price to Book Value
0.5
vs History
61
vs Industry
66
Median 3Y
0.4
Median 5Y
0.9
Industry
1.5
More Details
0.3
EV/S
EV/S
Enterprise Value to Sales
0.3
vs History
68
vs Industry
74
Median 3Y
0.4
Median 5Y
0.7
Industry
1.1
Forward
0.3
More Details
5.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
5.6
vs History
66
vs Industry
16
Median 3Y
6
Median 5Y
6.8
Industry
4.7
More Details
Negative
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
N/A
vs History
vs Industry
22
Median 3Y
10.8
Median 5Y
11.1
Industry
10.2
Forward
6.1
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
31
Median 3Y
10.8
Median 5Y
11.1
Industry
13.4
Forward
13.6
More Details
15.7
EV/OCF
EV/OCF
Enterprise Value to OCF
15.7
vs History
26
vs Industry
67
Median 3Y
5
Median 5Y
12.3
Industry
10.8
More Details
44.2
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
44.2
vs History
6
vs Industry
37
Median 3Y
7.1
Median 5Y
-5.7
Industry
14.8
More Details
0.5
EV/IC
EV/IC
Enterprise Value to IC
0.5
vs History
60
vs Industry
73
Median 3Y
0.4
Median 5Y
0.7
Industry
1.1
More Details

Multiples Across Competitors

SML Competitors Multiples
Synlait Milk Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
NZ
Synlait Milk Ltd
NZX:SML
386m NZD 0.2 -4.8 -46.2 -46.2
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 895.9 540 752.8 186 542.5 318 284.3
CH
Nestle SA
SIX:NESN
197.6B CHF 2.2 18.2 12.6 15.5
US
Mondelez International Inc
NASDAQ:MDLZ
90.4B USD 2.5 25.1 18 23.1
FR
Danone SA
PAR:BN
43.6B EUR 1.6 21.6 10.4 13.8
ZA
Tiger Brands Ltd
JSE:TBS
46.7B Zac 0 0 0 0
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
30.6B CHF 5.6 45.5 25.9 34.4
US
Hershey Co
NYSE:HSY
34.7B USD 3.2 21.1 13.8 16.6
CN
Muyuan Foods Co Ltd
SZSE:002714
251.6B CNY 1.7 10.2 10.7 10.7
US
Kraft Heinz Co
NASDAQ:KHC
33.5B USD 1.3 12.6 8.3 9.8
ZA
Avi Ltd
JSE:AVI
31B Zac 0 0 0 0
P/E Multiple
Earnings Growth PEG
NZ
Synlait Milk Ltd
NZX:SML
Average P/E: 67 613.4
Negative Multiple: -4.8 		N/A N/A
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
540 752.8
N/A N/A
CH
Nestle SA
SIX:NESN
18.2
7%
2.6
US
Mondelez International Inc
NASDAQ:MDLZ
25.1
1%
25.1
FR
Danone SA
PAR:BN
21.6
13%
1.7
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
13%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
45.5
10%
4.6
US
Hershey Co
NYSE:HSY
21.1
-11%
N/A
CN
Muyuan Foods Co Ltd
SZSE:002714
10.2
20%
0.5
US
Kraft Heinz Co
NASDAQ:KHC
12.6
7%
1.8
ZA
A
Avi Ltd
JSE:AVI
Not Available
7%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NZ
Synlait Milk Ltd
NZX:SML
Average EV/EBITDA: 23 330.3
Negative Multiple: -46.2 		N/A N/A
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
186 542.5
N/A N/A
CH
Nestle SA
SIX:NESN
12.6
3%
4.2
US
Mondelez International Inc
NASDAQ:MDLZ
18
-1%
N/A
FR
Danone SA
PAR:BN
10.4
5%
2.1
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
12%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
25.9
8%
3.2
US
Hershey Co
NYSE:HSY
13.8
-8%
N/A
CN
Muyuan Foods Co Ltd
SZSE:002714
10.7
33%
0.3
US
Kraft Heinz Co
NASDAQ:KHC
8.3
-1%
N/A
ZA
A
Avi Ltd
JSE:AVI
Not Available
6%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NZ
Synlait Milk Ltd
NZX:SML
Average EV/EBIT: 39 801
Negative Multiple: -46.2 		N/A N/A
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
318 284.3
N/A N/A
CH
Nestle SA
SIX:NESN
15.5
2%
7.7
US
Mondelez International Inc
NASDAQ:MDLZ
23.1
-2%
N/A
FR
Danone SA
PAR:BN
13.8
6%
2.3
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
15%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
34.4
9%
3.8
US
Hershey Co
NYSE:HSY
16.6
-10%
N/A
CN
Muyuan Foods Co Ltd
SZSE:002714
10.7
18%
0.6
US
Kraft Heinz Co
NASDAQ:KHC
9.8
-1%
N/A
ZA
A
Avi Ltd
JSE:AVI
Not Available
6%
N/A

See Also

Summary
SML intrinsic value, competitors valuation, and company profile.
DCF Valuation
SML stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SML stock valuation using valuation multiples.
Wall Street Estimates
SML price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SML stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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