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Artisanal Spirits Company PLC
(LSE:ART)
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Rating:42Neutral
Price Target:
23.00 p
▼(-4.17% Downside)
Action:Reiterated
Date:08/26/26
The score is primarily constrained by weak financial performance, including sustained losses, consistently negative operating/free cash flow, and rising leverage alongside shrinking equity. Technical indicators add a modest additional headwind given the longer-term downtrend and slightly negative momentum. Valuation metrics provide limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Branded Revenue Growth
Growth in branded operations, alongside maintained EBITDA and improved net cash flow, supports a more resilient business mix. It may reduce reliance on lower-margin trade cask sales and strengthen the platform’s ability to compound premium-brand revenues.
Negative Factors
Persistent Losses
Recurring net and operating losses show that gross-margin strength has not yet translated into a sustainable earnings model. Continued losses could constrain investment, weaken equity capital and make the company more dependent on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Branded Revenue Growth
Growth in branded operations, alongside maintained EBITDA and improved net cash flow, supports a more resilient business mix. It may reduce reliance on lower-margin trade cask sales and strengthen the platform’s ability to compound premium-brand revenues.
Read all positive factors
Artisanal Spirits Company PLC (ART) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£16.99M
Dividend YieldN/A
Average Volume (3M)14.38K
Price to Earnings (P/E)―
Beta (1Y)-0.21
Revenue Growth-15.82%
EPS Growth-119.66%
CountryUK
Employees172
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)-0.10
Shares Outstanding70,804,700
10 Day Avg. Volume7,469
30 Day Avg. Volume14,377
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)3.14
Price to Sales (P/S)1.19
P/FCF Ratio-4.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.04
Revenue Forecast (FY)£24.11M
Artisanal Spirits Company PLC Business Overview & Revenue Model
Company Description
Headquartered in Edinburgh, UK, and established in 1983, The Artisanal Spirits Company plc focuses on identifying, acquiring, and distributing exceptional single-cask Scotch malt whiskies and a variety of other fine spirits. These exclusive offeri...
How the Company Makes Money
The company primarily makes money by selling its spirits products through various distribution channels, with revenue generally derived from (i) wholesale distribution to third-party retailers and hospitality venues (on-trade), and/or (ii) direct-...
Artisanal Spirits Company PLC Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
18
Very Negative
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.87M | 23.60M | 23.50M | 21.78M | 18.24M |
| Gross Profit | 11.27M | 15.03M | 15.00M | 13.85M | 11.21M |
| EBITDA | -3.02M | 948.00K | -604.00K | -237.00K | -1.52M |
| Net Income | -7.27M | -3.30M | -3.85M | -2.01M | -3.65M |
Balance Sheet | |||||
| Total Assets | 48.54M | 52.29M | 49.82M | 47.36M | 39.89M |
| Cash, Cash Equivalents and Short-Term Investments | 1.48M | 2.87M | 1.24M | 2.33M | 2.01M |
| Total Debt | 36.68M | 32.92M | 27.04M | 20.66M | 10.78M |
| Total Liabilities | 40.89M | 37.24M | 31.55M | 25.35M | 16.01M |
| Stockholders Equity | 7.55M | 14.80M | 18.08M | 21.79M | 23.58M |
Cash Flow | |||||
| Free Cash Flow | -5.19M | -1.75M | -7.62M | -8.98M | -5.86M |
| Operating Cash Flow | -4.48M | -805.00K | -5.54M | -5.63M | -4.67M |
| Investing Cash Flow | -674.00K | -1.01M | -2.05M | -3.35M | -1.19M |
| Financing Cash Flow | 3.82M | 3.52M | 6.57M | 9.48M | 5.68M |
Artisanal Spirits Company PLC Technical Analysis
Negative
24.00
Price Trends
24.17
Negative
26.89
Negative
29.77
Negative
Market Momentum
-0.04
Negative
47.79
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ART, the sentiment is Negative. The current price of 24 is equal to the 20-day moving average (MA) of 24.00, below the 50-day MA of 24.17, and below the 200-day MA of 29.77, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 47.79 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ART.
Artisanal Spirits Company PLC Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £919.91M | 43.81 | 9.32% | 2.10% | -11.80% | -8.61% | |
66 Neutral | £36.86B | 28.71 | 15.52% | 3.79% | -6.47% | -28.83% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
50 Neutral | £82.33M | 369.23 | 0.71% | ― | 18.91% | ― | |
42 Neutral | £16.99M | -2.40 | -77.52% | ― | -15.82% | -119.66% | |
41 Neutral | £1.22M | -1.50 | -21.81% | ― | -25.00% | 52.94% |
* Consumer Defensive Sector Average
GB:ART
Artisanal Spirits Company PLC
24.00
-19.50
-44.83%
GB:DGE
Diageo
1,657.00
-231.58
-12.26%
GB:FEVR
Fevertree Drinks
825.00
56.61
7.37%
GB:DIS
Distil plc
0.06
-0.20
-76.92%
GB:CDGP
Chapel Down Group plc
48.00
4.50
10.34%
GB:ADB
Adnams plc Class B
1,600.00
-450.00
-21.95%
Artisanal Spirits Company PLC Corporate Events
Business Operations and StrategyFinancial Disclosures
Artisanal Spirits Company Holds EBITDA as Branded Whisky Sales and Cash Flow Strengthen
Positive
Jul 15, 2026
The Artisanal Spirits Company reported that first‑half 2026 revenue was broadly in line with the prior year, as high single‑digit growth from its branded operations offset weaker trade cask sales. Strong contributions from newer platfo...
Business Operations and StrategyFinancial Disclosures
Artisanal Spirits Company Sets Date for Half-Year Trading Update
Neutral
Jul 2, 2026
The Artisanal Spirits Company plc, owner of The Scotch Malt Whisky Society and other specialist whisky brands, will release a trading update for the six months to 30 June 2026 on 15 July 2026. The announcement signals forthcoming detail on the per...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.