The a2 Milk Company Ltd

10-Year Study

A2M.AU · Consumer Defensive · AU · Common Stock

Executive Summary: The a2 Milk Company Ltd has compounded at 18.2% annually over the last 10 years, with a maximum drawdown of 80.1% and an annualized volatility of 48.9%.

1Y CAGR
-9.2%
3Y CAGR
+13.6%
5Y CAGR
+7.0%
10Y CAGR
+18.2%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
80.1%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.51
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.09
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
43.3%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +261.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · -52.3%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
60%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-8.014.9-1.6-21.1————————-18.0%
20252.135.30.23.21.8-3.81.018.7-9.210.40.6-4.062.2%
202413.419.97.9-2.416.1-4.45.8-21.911.6-7.5-0.30.535.7%
2023-0.9-2.9-12.2-6.5-2.4-7.74.5-11.0-6.8-9.42.18.7-38.1%
2022-3.85.0-5.3-14.67.6-8.53.422.2-2.7-2.617.911.026.0%
2021-6.6-16.0-12.9-7.8-23.58.7-2.3-0.57.00.2-5.3-7.8-52.3%
20201.56.37.79.8-2.85.43.4-11.8-17.4-2.71.1-17.1-19.9%
201917.114.0-1.117.2-8.0-5.723.6-20.9-10.3-1.022.7-3.238.6%
201812.547.5-6.3-1.3-12.25.9-8.719.8-11.0-5.10.95.240.0%
20173.94.224.013.12.618.210.121.716.330.0-0.4-2.9261.3%
2016———-6.1-9.019.96.9-1.3-6.51.436.0-14.319.3%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 48.9%. The dominant macroeconomic risk driver is SHV.US, accounting for 22.6% of variance. Idiosyncratic stock-specific factors contribute 31.2%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019386.163372231484
2016-05-018538.34246249107
2016-06-0110233.9842819719
2016-07-0110935.937127887591
2016-08-0110790.069064062873
2016-09-0110088.11621814718
2016-10-0110233.9842819719
2016-11-0113918.790188140034
2016-12-0111930.221481305072
2017-01-0112398.190045248866
2017-02-0112924.505834722553
2017-03-0116024.05334603477
2017-04-0118129.316503929505
2017-05-0118597.285067873305
2017-06-0121989.164086687306
2017-07-0124211.121695641817
2017-08-0129474.27959037866
2017-09-0134270.06430102406
2017-10-0144562.99118837818
2017-11-0144387.354131936176
2017-12-0143100.73827101691
2018-01-0148481.18599666587
2018-02-0171522.3862824482
2018-03-0167019.52845915694
2018-04-0166142.53393665158
2018-05-0158072.16003810432
2018-06-0161522.386282448206
2018-07-0156141.93855679924
2018-08-0167253.51274112884
2018-09-0159885.09168849726
2018-10-0156843.89140271492
2018-11-0157370.207192188616
2018-12-0160352.4648725887
2019-01-0170645.39175994285
2019-02-0180528.69730888307
2019-03-0179651.7027863777
2019-04-0193335.9133126935
2019-05-0185850.2024291498
2019-06-0180996.66587282688
2019-07-01100119.6713503215
2019-08-0179242.0814479638
2019-09-0171113.36032388663
2019-10-0170411.40747797095
2019-11-0186376.51821862349
2019-12-0183628.24482019528
2020-01-0184856.51345558466
2020-02-0190178.0185758514
2020-03-0197079.06644439152
2020-04-01106552.75065491784
2020-05-01103570.49297451775
2020-06-01109125.98237675638
2020-07-01112810.19290307217
2020-08-0199476.66110978807
2020-09-0182165.99190283401
2020-10-0179944.03429387951
2020-11-0180821.02881638486
2020-12-0166961.18123362707
2021-01-0162575.017861395565
2021-02-0152574.422481543224
2021-03-0145790.66444391522
2021-04-0142223.74374851155
2021-05-0132281.49559418909
2021-06-0135088.71159799952
2021-07-0134270.06430102406
2021-08-0134094.427244582046
2021-09-0136492.02190997857
2021-10-0136550.9645153608
2021-11-0134620.743034055726
2021-12-0131930.81686115742
2022-01-0130702.548225768038
2022-02-0132223.148368659207
2022-03-0130527.506549178375
2022-04-0126082.400571564656
2022-05-0128070.96927839962
2022-06-0125673.374613003096
2022-07-0126550.369135508452
2022-08-0132457.132650631105
2022-09-0131580.138128125745
2022-10-0130760.89545129793
2022-11-0136258.63300785901
2022-12-0140235.175041676586
2023-01-0139884.49630864491
2023-02-0138714.57489878543
2023-03-0133977.732793522264
2023-04-0131755.179804715404
2023-05-0130994.879733269823
2023-06-0128597.285067873305
2023-07-0129883.90092879257
2023-08-0126608.716361038343
2023-09-0124795.78471064539
2023-10-0122456.537270778757
2023-11-0122924.505834722557
2023-12-0124913.074541557515
2024-01-0128246.606334841632
2024-02-0133860.44296261014
2024-03-0136550.9645153608
2024-04-0135673.3746130031
2024-05-0141404.501071683735
2024-06-0139591.569421290784
2024-07-0141872.46963562753
2024-08-0132691.116932603003
2024-09-0136492.02190997857
2024-10-0133743.74851155037
2024-11-0133626.45868063825
2024-12-0133802.09573708025
2025-01-0134504.04858299595
2025-02-0146668.25434627292
2025-03-0146744.46296737319
2025-04-0148218.62348178138
2025-05-0149102.76256251488
2025-06-0147216.00381043105
2025-07-0147688.140033341275
2025-08-0156589.06882591092
2025-09-0151381.28125744226
2025-10-0156739.69992855441
2025-11-0157096.92783996189
2025-12-0154834.48440104788
2026-01-0150428.67349368898
2026-02-0157930.45963324601
2026-03-0156977.85186949273
2026-04-0144951.178852107645
Annual Return Matrix
YearAnnual Return
20172.612735801976245
20180.40026522267653863
20190.38566411490805796
2020-0.19929945465677557
2021-0.5231443610627022
20220.26007346497361605
2023-0.38081356634457453
20240.356801453015964
20250.6222214393912708
2026-0.1802388707926168
Total Factor Risk
0.48902412753981156
VTI.US Exposure
0.1594714978644743
VEA.US Exposure
0.05066405535697006
VWO.US Exposure
0.024144056071210545
QQQ.US Exposure
0.04929289806534406
VTV.US Exposure
0.07859345739096246
IJR.US Exposure
-0.000970687895945625
QUAL.US Exposure
0.040156868403349436
SHV.US Exposure
0.22597848930291795
TLT.US Exposure
0.029711911568826854
LQD.US Exposure
0.008825235722648938
HYG.US Exposure
-0.000557603595321134
GLD.US Exposure
0.006843895237734302
USO.US Exposure
0.001507659686661644
VNQ.US Exposure
-0.0007347082940653261
BTC-USD.CC Exposure
0.00856000323999783
CPER.US Exposure
0.00141318670264276
VIX.INDX Exposure
0.006144128355438258
UUP.US Exposure
-0.000775385552806981
TIP.US Exposure
0.00008935591375386526
Idiosyncratic Exposure
0.3116416864552059
Value Score
35.6
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
29.5
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
48.9%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →36.1x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →2.46%
Market Cap$6.8B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$496
Avg Yield on Cost
4.96%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$495.594.96%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-17.9%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-14.8%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
24.2% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.42
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is The a2 Milk Company Ltd a high-risk investment?

The a2 Milk Company Ltd (A2M.AU) has an annualized volatility of 48.9% and experienced a maximum drawdown of 80.1% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of A2M.AU?

Over the past 10 years, A2M.AU has generated a Compound Annual Growth Rate (CAGR) of 18.2%. It has had a positive return in 60% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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