FY21 full year results discussion, page-5

Overnight, Seeking Alpha published a partner's DCF valuation and analysis.

https://seekingalpha.com/article/4450899-the-a2-milk-company-hidden-growth-in-crisis?mail_subject=acopf-the-a2-milk-company-hidden-growth-in-crisis&utm_campaign=rta-stock-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha

Price.

Even if much of the negative market reaction to A2M recent developments is justifiable, it's hard to argue that anything but extreme levels of negativity are currently priced into A2M's share price. Even the most pessimistic scenarios in my simulations still show that A2M is undervalued on an intrinsic basis. It's easy to overlook when only bad news reaches us day after day, but A2M is still a good and financially healthy company with large cash reserves, almost no debt, and strong brand that will not disappear.