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Synlait Milk Ltd
Buy, Hold or Sell?

Let's analyse Synlait together

PenkeI guess you are interested in Synlait Milk Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Synlait Milk Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Synlait (30 sec.)










What can you expect buying and holding a share of Synlait? (30 sec.)

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
A$3.38
Expected worth in 1 year
A$4.13
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
A$0.75
Return On Investment
107.2%

For what price can you sell your share?

Current Price per Share
A$0.70
Expected price per share
A$0.65 - A$0.855
How sure are you?
50%
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1. Valuation of Synlait (5 min.)




Live pricePrice per Share (EOD)

A$0.70

Intrinsic Value Per Share

A$-3.41 - A$-0.52

Total Value Per Share

A$-0.02 - A$2.86

2. Growth of Synlait (5 min.)




Is Synlait growing?

Current yearPrevious yearGrowGrow %
How rich?$482.5m$456.9m$25.6m5.3%

How much money is Synlait making?

Current yearPrevious yearGrowGrow %
Making money-$2.6m$23.5m-$26.1m-997.6%
Net Profit Margin-0.3%2.3%--

How much money comes from the company's main activities?

3. Financial Health of Synlait (5 min.)




4. Comparing to competitors in the Packaged Foods industry (5 min.)




  Industry Rankings (Packaged Foods)  


Richest
#159 / 497

Most Revenue
#108 / 497

Most Profit
#417 / 497

Most Efficient
#358 / 497
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What can you expect buying and holding a share of Synlait? (5 min.)

Welcome investor! Synlait's management wants to use your money to grow the business. In return you get a share of Synlait.

What can you expect buying and holding a share of Synlait?

First you should know what it really means to hold a share of Synlait. And how you can make/lose money.

Speculation

The Price per Share of Synlait is A$0.7. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Synlait.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Synlait, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$3.38. Based on the TTM, the Book Value Change Per Share is A$0.19 per quarter. Based on the YOY, the Book Value Change Per Share is A$-0.09 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Synlait.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps-0.01-1.7%-0.01-1.7%0.1115.3%0.0913.0%0.1013.6%
Usd Book Value Change Per Share0.1217.5%0.1217.5%-0.06-8.2%0.2029.2%0.1725.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.1217.5%0.1217.5%-0.06-8.2%0.2029.2%0.1725.0%
Usd Price Per Share0.98-0.98-1.92-3.15-2.49-
Price to Earnings Ratio-81.38--81.38-17.87--9.07-1.04-
Price-to-Total Gains Ratio7.97-7.97--33.36-5.30-15.20-
Price to Book Ratio0.44-0.44-0.92-1.91-1.74-
Price-to-Total Gains Ratio7.97-7.97--33.36-5.30-15.20-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.45682
Number of shares2189
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.120.20
Usd Total Gains Per Share0.120.20
Gains per Quarter (2189 shares)268.12447.14
Gains per Year (2189 shares)1,072.471,788.55
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1010721062017891779
2021452134035773568
3032173206053665357
4042904278071547146
5053625350089438935
606435642201073110724
707507749401252012513
808580856601430814302
909652963801609716091
100107251071001788517880

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%1.02.00.033.3%3.02.00.060.0%8.02.00.080.0%9.02.00.081.8%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%9.02.00.081.8%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%0.00.011.00.0%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%9.02.00.081.8%
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Fundamentals of Synlait

About Synlait Milk Ltd

Synlait Milk Limited, together with its subsidiaries, manufactures and sells dairy products in China, rest of Asia, the Middle East, Africa, New Zealand, Australia, and internationally. It operates through Synlait and Dairyworks segments. The company is also involved in the processing, packaging, and marketing of dairy products, including cheese, butter, and milk powder. It offers liquid milk; milk powder related products; nutritional products, such as infant and adult nutritional powders; ingredients comprising whole milk powders, skim milk powders, butter milk powders, and anhydrous milk fat; and specialized nutritional ingredients, such as lactoferrin. Synlait Milk Limited was incorporated in 2005 and is headquartered in Rakaia, New Zealand.

Fundamental data was last updated by Penke on 2024-02-25 20:11:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is not making a profit/loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Synlait Milk Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Synlait earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Synlait to the Packaged Foods industry mean.
  • A Net Profit Margin of -0.3% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Synlait Milk Ltd:

  • The MRQ is -0.3%. The company is not making a profit/loss.
  • The TTM is -0.3%. The company is not making a profit/loss.
Trends
Current periodCompared to+/- 
MRQ-0.3%TTM-0.3%0.0%
TTM-0.3%YOY2.3%-2.6%
TTM-0.3%5Y2.7%-3.1%
5Y2.7%10Y3.9%-1.2%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.3%3.4%-3.7%
TTM-0.3%2.7%-3.0%
YOY2.3%3.1%-0.8%
5Y2.7%3.1%-0.4%
10Y3.9%3.6%+0.3%
1.1.2. Return on Assets

Shows how efficient Synlait is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Synlait to the Packaged Foods industry mean.
  • -0.3% Return on Assets means that Synlait generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Synlait Milk Ltd:

  • The MRQ is -0.3%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -0.3%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.3%TTM-0.3%0.0%
TTM-0.3%YOY2.4%-2.7%
TTM-0.3%5Y2.5%-2.8%
5Y2.5%10Y3.9%-1.4%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.3%1.3%-1.6%
TTM-0.3%1.0%-1.3%
YOY2.4%1.2%+1.2%
5Y2.5%1.2%+1.3%
10Y3.9%1.2%+2.7%
1.1.3. Return on Equity

Shows how efficient Synlait is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Synlait to the Packaged Foods industry mean.
  • -0.5% Return on Equity means Synlait generated $-0.01 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Synlait Milk Ltd:

  • The MRQ is -0.5%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -0.5%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.5%TTM-0.5%0.0%
TTM-0.5%YOY5.1%-5.7%
TTM-0.5%5Y6.0%-6.5%
5Y6.0%10Y8.8%-2.8%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.5%2.6%-3.1%
TTM-0.5%2.1%-2.6%
YOY5.1%2.3%+2.8%
5Y6.0%2.4%+3.6%
10Y8.8%2.6%+6.2%
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1.2. Operating Efficiency of Synlait Milk Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Synlait is operating .

  • Measures how much profit Synlait makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Synlait to the Packaged Foods industry mean.
  • An Operating Margin of 0.6% means the company generated $0.01  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Synlait Milk Ltd:

  • The MRQ is 0.6%. The company is operating inefficient. -1
  • The TTM is 0.6%. The company is operating inefficient. -1
Trends
Current periodCompared to+/- 
MRQ0.6%TTM0.6%0.0%
TTM0.6%YOY4.3%-3.7%
TTM0.6%5Y5.0%-4.4%
5Y5.0%10Y6.9%-1.9%
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6%4.9%-4.3%
TTM0.6%3.3%-2.7%
YOY4.3%5.0%-0.7%
5Y5.0%5.2%-0.2%
10Y6.9%4.8%+2.1%
1.2.2. Operating Ratio

Measures how efficient Synlait is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Packaged Foods industry mean).
  • An Operation Ratio of 1.01 means that the operating costs are $1.01 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Synlait Milk Ltd:

  • The MRQ is 1.005. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.005. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.005TTM1.0050.000
TTM1.005YOY0.967+0.038
TTM1.0055Y0.956+0.050
5Y0.95610Y0.934+0.022
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0051.541-0.536
TTM1.0051.520-0.515
YOY0.9671.514-0.547
5Y0.9561.446-0.490
10Y0.9341.246-0.312
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1.3. Liquidity of Synlait Milk Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Synlait is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Packaged Foods industry mean).
  • A Current Ratio of 0.90 means the company has $0.90 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Synlait Milk Ltd:

  • The MRQ is 0.900. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.900. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.900TTM0.9000.000
TTM0.900YOY0.838+0.062
TTM0.9005Y0.991-0.091
5Y0.99110Y0.995-0.004
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9001.548-0.648
TTM0.9001.602-0.702
YOY0.8381.613-0.775
5Y0.9911.658-0.667
10Y0.9951.567-0.572
1.3.2. Quick Ratio

Measures if Synlait is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Synlait to the Packaged Foods industry mean.
  • A Quick Ratio of 0.15 means the company can pay off $0.15 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Synlait Milk Ltd:

  • The MRQ is 0.149. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.149. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.149TTM0.1490.000
TTM0.149YOY0.239-0.089
TTM0.1495Y0.235-0.086
5Y0.23510Y0.349-0.114
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1490.567-0.418
TTM0.1490.575-0.426
YOY0.2390.659-0.420
5Y0.2350.702-0.467
10Y0.3490.707-0.358
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1.4. Solvency of Synlait Milk Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Synlait assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Synlait to Packaged Foods industry mean.
  • A Debt to Asset Ratio of 0.53 means that Synlait assets are financed with 53.1% credit (debt) and the remaining percentage (100% - 53.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Synlait Milk Ltd:

  • The MRQ is 0.531. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.531. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.531TTM0.5310.000
TTM0.531YOY0.525+0.006
TTM0.5315Y0.549-0.018
5Y0.54910Y0.557-0.008
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5310.493+0.038
TTM0.5310.492+0.039
YOY0.5250.481+0.044
5Y0.5490.487+0.062
10Y0.5570.491+0.066
1.4.2. Debt to Equity Ratio

Measures if Synlait is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Synlait to the Packaged Foods industry mean.
  • A Debt to Equity ratio of 113.3% means that company has $1.13 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Synlait Milk Ltd:

  • The MRQ is 1.133. The company is able to pay all its debts with equity. +1
  • The TTM is 1.133. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.133TTM1.1330.000
TTM1.133YOY1.106+0.027
TTM1.1335Y1.228-0.095
5Y1.22810Y1.320-0.092
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1330.972+0.161
TTM1.1330.984+0.149
YOY1.1060.949+0.157
5Y1.2281.003+0.225
10Y1.3201.078+0.242
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2. Market Valuation of Synlait Milk Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Synlait generates.

  • Above 15 is considered overpriced but always compare Synlait to the Packaged Foods industry mean.
  • A PE ratio of -81.38 means the investor is paying $-81.38 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Synlait Milk Ltd:

  • The EOD is -38.103. Based on the earnings, the company is expensive. -2
  • The MRQ is -81.378. Based on the earnings, the company is expensive. -2
  • The TTM is -81.378. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-38.103MRQ-81.378+43.274
MRQ-81.378TTM-81.3780.000
TTM-81.378YOY17.875-99.252
TTM-81.3785Y-9.067-72.311
5Y-9.06710Y1.036-10.102
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
EOD-38.10313.356-51.459
MRQ-81.37812.637-94.015
TTM-81.37812.809-94.187
YOY17.87511.736+6.139
5Y-9.06716.296-25.363
10Y1.03619.016-17.980
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Synlait Milk Ltd:

  • The EOD is -6.093. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -13.014. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -13.014. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.093MRQ-13.014+6.920
MRQ-13.014TTM-13.0140.000
TTM-13.014YOY256.266-269.279
TTM-13.0145Y39.464-52.478
5Y39.46410Y10.422+29.042
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
EOD-6.0935.228-11.321
MRQ-13.0144.877-17.891
TTM-13.0142.088-15.102
YOY256.266-0.070+256.336
5Y39.4642.146+37.318
10Y10.4222.096+8.326
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Synlait is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Packaged Foods industry mean).
  • A PB ratio of 0.44 means the investor is paying $0.44 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Synlait Milk Ltd:

  • The EOD is 0.207. Based on the equity, the company is cheap. +2
  • The MRQ is 0.442. Based on the equity, the company is cheap. +2
  • The TTM is 0.442. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.207MRQ0.442-0.235
MRQ0.442TTM0.4420.000
TTM0.442YOY0.920-0.478
TTM0.4425Y1.907-1.465
5Y1.90710Y1.745+0.162
Compared to industry (Packaged Foods)
PeriodCompanyIndustry (mean)+/- 
EOD0.2071.448-1.241
MRQ0.4421.462-1.020
TTM0.4421.479-1.037
YOY0.9201.833-0.913
5Y1.9071.863+0.044
10Y1.7452.453-0.708
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Synlait Milk Ltd.

3.1. Funds holding Synlait Milk Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-10-31Vanguard International Stock Index-Total Intl Stock Indx0.67000003-1467255--
2020-12-31Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund0.28-615907--
2021-01-31DFA Asia Pacific Small Company Series0.21-449820--
2021-02-28iShares MSCI New Zealand ETF0.18000001-404232--
2021-02-28iShares MSCI EAFE Small Cap ETF0.15-321493--
2020-10-31Vanguard Intl Equity Index Fds-FTSE All World ex U.S.Small Cap Index0.11999999-272797--
2021-01-31DFA International Core Equity Portfolio0.07-148215--
2020-11-30Schwab Strategic Tr-Schwab International Small Cap Equity ETF0.059999997-138100--
2021-02-28iShares Core MSCI Total International Stock ETF0.04-97211--
2021-01-31Vanguard International Stock Index-Pacific Stock Index0.04-89863--
Total 1.8200000270400489300.0%
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4. Summary

4.1. Key Performance Indicators

The key performance indicators of Synlait Milk Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.1880.1880%-0.088+147%0.313-40%0.268-30%
Book Value Per Share--3.3833.3830%3.195+6%2.913+16%2.068+64%
Current Ratio--0.9000.9000%0.838+7%0.991-9%0.995-10%
Debt To Asset Ratio--0.5310.5310%0.525+1%0.549-3%0.557-5%
Debt To Equity Ratio--1.1331.1330%1.106+2%1.228-8%1.320-14%
Dividend Per Share----0%-0%-0%-0%
Eps---0.018-0.0180%0.164-111%0.140-113%0.146-113%
Free Cash Flow Per Share---0.115-0.1150%0.011-1101%-0.442+285%-0.224+95%
Free Cash Flow To Equity Per Share---0.035-0.0350%-0.711+1930%-0.206+490%-0.079+125%
Gross Profit Margin--4.1164.1160%0.623+561%1.747+136%1.180+249%
Intrinsic Value_10Y_max---0.524--------
Intrinsic Value_10Y_min---3.408--------
Intrinsic Value_1Y_max---0.178--------
Intrinsic Value_1Y_min---0.421--------
Intrinsic Value_3Y_max---0.439--------
Intrinsic Value_3Y_min---1.203--------
Intrinsic Value_5Y_max---0.585--------
Intrinsic Value_5Y_min---1.912--------
Market Cap153007400.000-114%326780090.000326780090.0000%644241297.420-49%1056291685.484-69%835253552.742-61%
Net Profit Margin---0.003-0.0030%0.023-114%0.027-112%0.039-108%
Operating Margin--0.0060.0060%0.043-87%0.050-88%0.069-92%
Operating Ratio--1.0051.0050%0.967+4%0.956+5%0.934+8%
Pb Ratio0.207-114%0.4420.4420%0.920-52%1.907-77%1.745-75%
Pe Ratio-38.103+53%-81.378-81.3780%17.875-555%-9.067-89%1.036-7958%
Price Per Share0.700-114%1.4951.4950%2.940-49%4.831-69%3.821-61%
Price To Free Cash Flow Ratio-6.093+53%-13.014-13.0140%256.266-105%39.464-133%10.422-225%
Price To Total Gains Ratio3.730-114%7.9657.9650%-33.362+519%5.296+50%15.196-48%
Quick Ratio--0.1490.1490%0.239-37%0.235-36%0.349-57%
Return On Assets---0.003-0.0030%0.024-110%0.025-110%0.039-107%
Return On Equity---0.005-0.0050%0.051-111%0.060-109%0.088-106%
Total Gains Per Share--0.1880.1880%-0.088+147%0.313-40%0.268-30%
Usd Book Value--482580676.537482580676.5370%456950061.614+6%415766576.098+16%295173610.918+63%
Usd Book Value Change Per Share--0.1220.1220%-0.058+147%0.204-40%0.175-30%
Usd Book Value Per Share--2.2082.2080%2.085+6%1.901+16%1.350+64%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.012-0.0120%0.107-111%0.091-113%0.095-113%
Usd Free Cash Flow---16387156.938-16387156.9380%1640608.469-1099%-63014385.284+285%-31962069.199+95%
Usd Free Cash Flow Per Share---0.075-0.0750%0.007-1101%-0.288+285%-0.146+95%
Usd Free Cash Flow To Equity Per Share---0.023-0.0230%-0.464+1930%-0.135+490%-0.051+125%
Usd Market Cap99852629.240-114%213256686.734213256686.7340%420431870.696-49%689335953.947-69%545086468.519-61%
Usd Price Per Share0.457-114%0.9760.9760%1.919-49%3.153-69%2.493-61%
Usd Profit---2620577.428-2620577.4280%23521086.729-111%19932385.450-113%20792499.015-113%
Usd Revenue--806418593.200806418593.2000%1013917403.709-20%815119007.951-1%604989057.111+33%
Usd Total Gains Per Share--0.1220.1220%-0.058+147%0.204-40%0.175-30%
 EOD+2 -6MRQTTM+0 -0YOY+16 -185Y+16 -1810Y+16 -18

4.2. Fundamental Score

Let's check the fundamental score of Synlait Milk Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-38.103
Price to Book Ratio (EOD)Between0-10.207
Net Profit Margin (MRQ)Greater than0-0.003
Operating Margin (MRQ)Greater than00.006
Quick Ratio (MRQ)Greater than10.149
Current Ratio (MRQ)Greater than10.900
Debt to Asset Ratio (MRQ)Less than10.531
Debt to Equity Ratio (MRQ)Less than11.133
Return on Equity (MRQ)Greater than0.15-0.005
Return on Assets (MRQ)Greater than0.05-0.003
Total3/10 (30.0%)

4.3. Technical Score

Let's check the technical score of Synlait Milk Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.391
Ma 20Greater thanMa 500.700
Ma 50Greater thanMa 1000.791
Ma 100Greater thanMa 2000.989
OpenGreater thanClose0.710
Total1/5 (20.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-07-312020-07-312021-07-312022-07-312023-07-31
Total Other Income Expense Net -8,251-11,290-19,541924-18,617-9,293-27,91034,9487,039



Latest Balance Sheet

Balance Sheet of 2023-07-31. Currency in NZD. All numbers in thousands.

Summary
Total Assets1,685,610
Total Liabilities895,236
Total Stockholder Equity790,374
 As reported
Total Liabilities 895,236
Total Stockholder Equity+ 790,374
Total Assets = 1,685,610

Assets

Total Assets1,685,610
Total Current Assets555,369
Long-term Assets1,130,241
Total Current Assets
Cash And Cash Equivalents 9,290
Net Receivables 82,941
Inventory 250,252
Other Current Assets 5,516
Total Current Assets  (as reported)555,369
Total Current Assets  (calculated)347,999
+/- 207,370
Long-term Assets
Property Plant Equipment 1,035,200
Goodwill 6,026
Long Term Investments 935
Intangible Assets 77,747
Other Assets 10,333
Long-term Assets  (as reported)1,130,241
Long-term Assets  (calculated)1,130,241
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities617,354
Long-term Liabilities277,882
Total Stockholder Equity790,374
Total Current Liabilities
Short-term Debt 248,927
Short Long Term Debt 243,727
Accounts payable 143,308
Other Current Liabilities 60,611
Total Current Liabilities  (as reported)617,354
Total Current Liabilities  (calculated)696,573
+/- 79,219
Long-term Liabilities
Long term Debt 178,998
Capital Lease Obligations 46,893
Other Liabilities 57,191
Long-term Liabilities Other 2,506
Long-term Liabilities  (as reported)277,882
Long-term Liabilities  (calculated)285,588
+/- 7,706
Total Stockholder Equity
Common Stock464,774
Retained Earnings 327,786
Other Stockholders Equity -2,186
Total Stockholder Equity (as reported)790,374
Total Stockholder Equity (calculated)790,374
+/-0
Other
Capital Stock464,774
Cash and Short Term Investments 9,290
Common Stock Shares Outstanding 218,582
Current Deferred Revenue164,508
Liabilities and Stockholders Equity 1,685,610
Net Debt 460,328
Net Invested Capital 1,213,099
Net Tangible Assets 706,601
Net Working Capital -61,985
Property Plant and Equipment Gross 1,337,595
Short Long Term Debt Total 469,618



Balance Sheet

Currency in NZD. All numbers in thousands.

 Trend2023-07-312022-07-312021-07-312020-07-312019-07-312018-07-312017-07-312016-07-312015-07-312014-07-312013-07-31
> Total Assets 
346,067
476,886
579,782
590,456
753,625
793,681
1,148,004
1,492,266
1,618,150
1,575,977
1,685,610
1,685,6101,575,9771,618,1501,492,2661,148,004793,681753,625590,456579,782476,886346,067
   > Total Current Assets 
131,149
173,999
137,117
149,874
258,487
239,835
282,576
386,390
453,000
370,593
555,369
555,369370,593453,000386,390282,576239,835258,487149,874137,117173,999131,149
       Cash And Cash Equivalents 
2,365
2,393
1,529
2,045
73,827
32,129
16,007
5,887
16,020
14,493
9,290
9,29014,49316,0205,88716,00732,12973,8272,0451,5292,3932,365
       Short-term Investments 
1,138
1,632
178
0
14,995
0
0
0
0
0
0
00000014,99501781,6321,138
       Net Receivables 
59,134
89,046
68,141
37,793
79,028
47,145
61,933
63,057
108,380
91,096
82,941
82,94191,096108,38063,05761,93347,14579,02837,79368,14189,04659,134
       Inventory 
65,025
71,262
63,804
73,885
82,695
145,404
164,849
269,384
270,944
232,941
250,252
250,252232,941270,944269,384164,849145,40482,69573,88563,80471,26265,025
       Other Current Assets 
3,487
9,666
3,465
36,151
7,942
15,157
27,875
13,128
6,212
8,341
5,516
5,5168,3416,21213,12827,87515,1577,94236,1513,4659,6663,487
   > Long-term Assets 
214,918
302,887
442,665
440,582
495,138
553,846
865,428
1,105,876
1,165,150
1,205,384
1,130,241
1,130,2411,205,3841,165,1501,105,876865,428553,846495,138440,582442,665302,887214,918
       Property Plant Equipment 
210,780
298,186
436,038
433,889
470,554
537,669
845,202
983,601
1,041,167
1,041,065
1,035,200
1,035,2001,041,0651,041,167983,601845,202537,669470,554433,889436,038298,186210,780
       Goodwill 
0
0
0
0
3,643
3,643
3,643
65,545
64,189
64,189
6,026
6,02664,18964,18965,5453,6433,6433,6430000
       Long Term Investments 
0
70
1,976
824
264
690
110
143
110
110
935
9351101101431106902648241,976700
       Intangible Assets 
4,052
4,589
4,651
4,140
3,246
11,051
16,428
42,503
59,631
94,467
77,747
77,74794,46759,63142,50316,42811,0513,2464,1404,6514,5894,052
       Other Assets 
0
42
0
1,729
17,431
793
45
14,084
53
5,553
10,333
10,3335,5535314,0844579317,4311,7290420
> Total Liabilities 
182,029
293,756
407,936
333,613
360,541
368,937
655,645
885,782
851,036
827,581
895,236
895,236827,581851,036885,782655,645368,937360,541333,613407,936293,756182,029
   > Total Current Liabilities 
141,917
185,377
199,827
120,583
232,330
236,694
372,826
384,738
311,414
442,250
617,354
617,354442,250311,414384,738372,826236,694232,330120,583199,827185,377141,917
       Short-term Debt 
80,003
63,113
85,646
46,546
72,448
49,321
99,626
107,259
36,576
63,186
248,927
248,92763,18636,576107,25999,62649,32172,44846,54685,64663,11380,003
       Short Long Term Debt 
0
154,489
263,567
46,546
72,448
49,321
99,626
102,837
33,333
58,885
243,727
243,72758,88533,333102,83799,62649,32172,44846,546263,567154,4890
       Accounts payable 
0
69,523
29,961
10,969
34,986
55,328
82,122
106,942
101,121
140,455
143,308
143,308140,455101,121106,94282,12255,32834,98610,96929,96169,5230
       Other Current Liabilities 
30,243
52,738
84,220
63,068
124,896
132,045
191,078
170,537
173,717
238,609
60,611
60,611238,609173,717170,537191,078132,045124,89663,06884,22052,73830,243
   > Long-term Liabilities 
40,112
108,379
208,109
213,030
128,211
132,243
282,819
501,044
539,622
385,331
277,882
277,882385,331539,622501,044282,819132,243128,211213,030208,109108,37940,112
       Long term Debt Total 
0
0
177,921
168,908
83,637
97,065
249,482
441,592
471,359
0
0
00471,359441,592249,48297,06583,637168,908177,92100
       Other Liabilities 
0
17,003
30,188
44,122
38,503
35,178
35,720
59,452
68,263
64,989
57,191
57,19164,98968,26359,45235,72035,17838,50344,12230,18817,0030
> Total Stockholder Equity
164,038
183,130
171,846
256,843
393,084
424,744
492,359
606,484
767,114
748,396
790,374
790,374748,396767,114606,484492,359424,744393,084256,843171,846183,130164,038
   Common Stock
172,548
172,247
172,247
172,247
268,074
268,074
268,074
268,544
464,774
464,774
464,774
464,774464,774464,774268,544268,074268,074268,074172,247172,247172,247172,548
   Retained Earnings 
-14,685
4,918
15,471
49,853
88,076
166,536
248,775
323,983
293,555
332,078
327,786
327,786332,078293,555323,983248,775166,53688,07649,85315,4714,918-14,685
   Accumulated Other Comprehensive Income 
6,175
5,965
-15,872
34,743
36,934
-9,866
-24,490
13,957
8,785
-48,456
-2,186
-2,186-48,4568,78513,957-24,490-9,86636,93434,743-15,8725,9656,175
   Capital Surplus 00000000000
   Treasury Stock00000000000



Balance Sheet

Currency in NZD. All numbers in thousands.




Cash Flow

Currency in NZD. All numbers in thousands.




Income Statement

Currency in NZD. All numbers in thousands.


Latest Income Statement (annual, 2023-07-31)

Gross Profit (+$)
totalRevenue1,320,758
Cost of Revenue-1,161,789
Gross Profit158,969158,969
 
Operating Income (+$)
Gross Profit158,969
Operating Expense-165,836
Operating Income7,617-6,867
 
Operating Expense (+$)
Research Development-
Selling General Administrative70,737
Selling And Marketing Expenses13,376
Operating Expense165,83684,113
 
Net Interest Income (+$)
Interest Income281
Interest Expense-27,884
Other Finance Cost-1,447
Net Interest Income-29,050
 
Pretax Income (+$)
Operating Income7,617
Net Interest Income-29,050
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-20,26794
EBIT - interestExpense = -20,267
-10,415
23,592
Interest Expense27,884
Earnings Before Interest and Taxes (EBIT)7,6177,617
Earnings Before Interest and Taxes (EBITDA)71,315
 
After tax Income (+$)
Income Before Tax-20,267
Tax Provision--6,123
Net Income From Continuing Ops-14,144-14,144
Net Income-4,292
Net Income Applicable To Common Shares-4,292
 
Non-recurring Events
Discontinued Operations9,852
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses1,327,625
Total Other Income/Expenses Net7,52329,050
 

Technical Analysis of Synlait
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Synlait. The general trend of Synlait is BEARISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Synlait's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-85.7%) Bearish trend (85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Synlait Milk Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.745 < 0.81 < 0.855.

The bearish price targets are: 0.65 > 0.65.

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Synlait Milk Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Synlait Milk Ltd. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Synlait Milk Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Synlait Milk Ltd. The current macd is -0.03498318.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Synlait price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Synlait. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Synlait price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Synlait Milk Ltd Daily Moving Average Convergence/Divergence (MACD) ChartSynlait Milk Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Synlait Milk Ltd. The current adx is 33.27.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Synlait shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Synlait Milk Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Synlait Milk Ltd. The current sar is 0.71864392.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Synlait Milk Ltd Daily Parabolic SAR Chart
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Synlait Milk Ltd. The current rsi is 44.39. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Synlait Milk Ltd Daily Relative Strength Index (RSI) ChartSynlait Milk Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Synlait Milk Ltd. The current phase is Overbought in bear market.

The long score for the Stochastic Oscillator is 5/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Synlait price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Synlait Milk Ltd Daily Stochastic Oscillator ChartSynlait Milk Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Synlait Milk Ltd. The current cci is 5.26978441.

Synlait Milk Ltd Daily Commodity Channel Index (CCI) ChartSynlait Milk Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Synlait Milk Ltd. The current cmo is 1.98212945.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Synlait Milk Ltd Daily Chande Momentum Oscillator (CMO) ChartSynlait Milk Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Synlait Milk Ltd. The current willr is -16.66666667.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Synlait Milk Ltd Daily Williams %R ChartSynlait Milk Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Synlait Milk Ltd.

Synlait Milk Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Synlait Milk Ltd. The current atr is 0.02886367.

Synlait Milk Ltd Daily Average True Range (ATR) ChartSynlait Milk Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Synlait Milk Ltd. The current obv is -2,234,362.

Synlait Milk Ltd Daily On-Balance Volume (OBV) ChartSynlait Milk Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Synlait Milk Ltd. The current mfi is 29.25.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Synlait Milk Ltd Daily Money Flow Index (MFI) ChartSynlait Milk Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Synlait Milk Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-10-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-10-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-10-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-25DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-10-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-05WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-06ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-28RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-04RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-18STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-24MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-22RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-23MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside

6.3. Candlestick Patterns

Synlait Milk Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Synlait Milk Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.391
Ma 20Greater thanMa 500.700
Ma 50Greater thanMa 1000.791
Ma 100Greater thanMa 2000.989
OpenGreater thanClose0.710
Total1/5 (20.0%)
Penke

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