A2 Milk Company Ltd
The a2 Milk Company Limited, together with its subsidiaries, sells A2-type protein type branded milk and related products in Australia, New Zealand, China, rest of Asia, and the United States. The company offers infant milk formula; other nutritional products and milk; manufactures and sells nutritional and ingredients products, as well as provides rent, royalty, and licensing services. It offers… Read more
A2 Milk Company Ltd (14L) - Net Assets
Latest net assets as of June 2025: €1.43 Billion EUR
Based on the latest financial reports, A2 Milk Company Ltd (14L) has net assets worth €1.43 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.94 Billion) and total liabilities (€511.37 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.43 Billion |
| % of Total Assets | 73.67% |
| Annual Growth Rate | 24.91% |
| 5-Year Change | 31.99% |
| 10-Year Change | N/A |
| Growth Volatility | 41.48 |
A2 Milk Company Ltd - Net Assets Trend (2017–2025)
This chart illustrates how A2 Milk Company Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for A2 Milk Company Ltd (2017–2025)
The table below shows the annual net assets of A2 Milk Company Ltd from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | €1.43 Billion | +13.84% |
| 2024-06-30 | €1.26 Billion | +9.33% |
| 2023-06-30 | €1.15 Billion | -3.72% |
| 2022-06-30 | €1.19 Billion | +10.15% |
| 2021-06-30 | €1.08 Billion | -4.42% |
| 2020-06-30 | €1.13 Billion | +43.94% |
| 2019-06-30 | €787.85 Million | +41.77% |
| 2018-06-30 | €555.71 Million | +130.12% |
| 2017-06-30 | €241.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to A2 Milk Company Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1617.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.63 Billion | 112.48% |
| Total Equity | €1.45 Billion | 100.00% |
A2 Milk Company Ltd Competitors by Market Cap
The table below lists competitors of A2 Milk Company Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aurizon Holdings Ltd
AU:AZJ
|
$4.22 Billion |
|
1YQA
XETRA:1YQA
|
$4.22 Billion |
|
Kingsoft Cloud Holdings Ltd
NASDAQ:KC
|
$4.22 Billion |
|
The Kraft Heinz Company
SA:KHCB34
|
$4.22 Billion |
|
Financiere de Tubize SA
LSE:0D53
|
$4.22 Billion |
|
RadNet Inc
NASDAQ:RDNT
|
$4.22 Billion |
|
Urban Outfitters Inc
NASDAQ:URBN
|
$4.21 Billion |
|
Mirion Technologies Inc
NYSE:MIR
|
$4.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in A2 Milk Company Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,266,476,000 to 1,450,971,000, a change of 184,495,000 (14.6%).
- Net income of 202,889,000 contributed positively to equity growth.
- Dividend payments of 61,542,000 reduced retained earnings.
- Other factors increased equity by 43,148,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €202.89 Million | +13.98% |
| Dividends Paid | €61.54 Million | -4.24% |
| Other Changes | €43.15 Million | +2.97% |
| Total Change | €- | 14.57% |
Book Value vs Market Value Analysis
This analysis compares A2 Milk Company Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.85x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 17.21x to 2.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | €0.33 | €5.72 | x |
| 2018-06-30 | €0.76 | €5.72 | x |
| 2019-06-30 | €1.07 | €5.72 | x |
| 2020-06-30 | €1.53 | €5.72 | x |
| 2021-06-30 | €1.46 | €5.72 | x |
| 2022-06-30 | €1.59 | €5.72 | x |
| 2023-06-30 | €1.59 | €5.72 | x |
| 2024-06-30 | €1.75 | €5.72 | x |
| 2025-06-30 | €2.00 | €5.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently A2 Milk Company Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.98%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.68%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.34x
- Recent ROE (13.98%) is below the historical average (22.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 37.54% | 16.50% | 1.60x | 1.42x | €66.50 Million |
| 2018 | 35.21% | 21.22% | 1.28x | 1.30x | €140.11 Million |
| 2019 | 36.52% | 22.06% | 1.31x | 1.26x | €208.96 Million |
| 2020 | 34.02% | 22.29% | 1.19x | 1.28x | €272.43 Million |
| 2021 | 7.44% | 6.69% | 0.88x | 1.27x | €-27.74 Million |
| 2022 | 10.39% | 8.49% | 0.84x | 1.45x | €4.59 Million |
| 2023 | 13.58% | 9.78% | 0.99x | 1.41x | €41.06 Million |
| 2024 | 13.23% | 10.01% | 0.96x | 1.37x | €40.93 Million |
| 2025 | 13.98% | 10.68% | 0.98x | 1.34x | €57.79 Million |
Industry Comparison
This section compares A2 Milk Company Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,644,938,336,444
- Average return on equity (ROE) among peers: -44.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| A2 Milk Company Ltd (14L) | €1.43 Billion | 37.54% | 0.36x | $4.22 Billion |
| COFCO Joycome Foods Limited (0M7) | $4.95 Billion | 8.99% | 0.80x | $488.54 Million |
| WH Group Ltd (0WH) | $8.22 Billion | 13.78% | 0.86x | $7.97 Billion |
| HOCHDORF HLDG AG (1Z3) | $157.90 Million | -6.47% | 0.72x | $3.16 Million |
| PT Salim Ivomas Pratama Tbk (2IR) | $17.23 Trillion | 1.53% | 0.84x | $11.50 Million |
| DaChan Food (Asia) Limited (3DS) | $1.86 Billion | -5.82% | 1.11x | $18.17 Million |
| Global Sweeteners Holdings Limited (3GS) | $178.49 Million | -422.13% | 8.06x | $2.66 Million |
| Meiji Holdings Co. Ltd (3M0) | $560.63 Billion | 11.04% | 0.79x | $5.76 Billion |
| Megmilk Snow Brand Co. Ltd (6MG) | $198.25 Billion | 7.52% | 1.01x | $839.43 Million |
| PT Eagle High Plantations Tbk (7B7) | $5.80 Trillion | -7.76% | 1.79x | $31.04 Million |