A2 Milk now a $10B company, eclipsing Fonterra as investors bet on bullish outlook

Thu, 22 Feb 2018

By Rebecca Howard Feb. 22 (BusinessDesk) - A2 Milk Co is now more valuable than Fonterra, even though the milk marketer's sales amount to less than 3 percent of the dairy giant's, as investors bet it will continue to beat expectations. A2 shares jumped 18 percent to $13.87 on the NZX and are trading at more than 50 times forecast per-share earnings - the highest price-to-earnings (PE ratio) of any company on the NZX 50 Index. The market capitalisation of a2 has jumped to $10.1 billion, exceeding the $9.76 billion value of Fonterra based o...

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