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Corby Spirit&Wine A (TSE:CSW.A)
:CSW.A
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Corby Spirit&Wine A
(TSX:CSW.A)
78Outperform
Corby Spirit&Wine A (CSW.A) vs. S&P 500 (SPY)
Market Cap
C$418.27M
Dividend Yield5.91%
Average Volume (3M)23.17K
Price to Earnings (P/E)16.1
Beta (1Y)0.29
Revenue Growth26.49%
EPS Growth29.14%
CountryCA
Employees177
SectorConsumer Defensive
Sector Strength77
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)0.92
Shares Outstanding24,274,320
10 Day Avg. Volume20,585
30 Day Avg. Volume23,172
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
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
Corby Spirit&Wine A Business Overview & Revenue Model
Company DescriptionCorby Spirit and Wine Limited is a leading Canadian marketer and distributor of spirits and wines. Established in 1924, the company operates in the alcoholic beverage industry, focusing on the production, marketing, and sale of a diverse portfolio of high-quality spirits and wines. Corby is known for its ownership and representation of well-established brands in Canada, including Wiser's Canadian Whisky, Lamb's Rum, and Polar Ice Vodka, along with an array of international brands.
How the Company Makes MoneyCorby Spirit and Wine Limited generates revenue through the production, marketing, and sale of its proprietary brands of spirits and wines, as well as through representation agreements with international partners. The company earns money by selling these alcoholic beverages to wholesalers, retailers, and directly to consumers in various markets. A significant portion of their revenue comes from long-term representation agreements with international spirit brands, such as Pernod Ricard, allowing them to leverage established distribution networks and marketing expertise. Corby's revenue streams are bolstered by strategic marketing and brand management initiatives aimed at maintaining and expanding its market share within the competitive alcoholic beverage industry.
Corby Spirit&Wine A Financial Statement Overview
Summary
Corby Spirit & Wine A demonstrates strong financial health across all verticals. The company has solid profitability, with a robust net profit margin and stable revenue growth. Debt levels are manageable, and cash flow generation is strong, reflecting a stable financial position.Income Statement
The company exhibits a strong gross profit margin of 50.68% for TTM, slightly declining from 50.42% in the previous annual report. The net profit margin remains robust at 10.87% for TTM, showing stability compared to 10.41% previously. A significant revenue growth rate of 5.27% between the last two annual periods is a positive indicator, although EBIT and EBITDA margins have shown slight fluctuations. Overall, the income statement reflects solid profitability and moderate growth.72
Positive
Balance Sheet
The company's debt-to-equity ratio stands at 0.61 for TTM, indicating moderate leverage and a slight increase from 0.78 in the previous annual report. The return on equity is stable at 14.11% TTM, suggesting efficient use of equity in generating profits. However, the equity ratio has slightly decreased to 46.80% from 43.20%, which might indicate an increased reliance on debt. Overall, the balance sheet shows a healthy financial position with manageable debt levels.68
Positive
Cash Flow
Free cash flow grew by 50.73% in the most recent annual period, demonstrating strong cash generation capabilities. The operating cash flow to net income ratio stands at 1.75 for TTM, indicating effective conversion of income into cash. Furthermore, the free cash flow to net income ratio is 1.62, highlighting strong cash flow relative to earnings. The cash flow statement reflects a strong liquidity position and efficient cash management.75
Positive
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 229.66M | 162.96M | 159.39M | 159.78M | 153.36M | Gross Profit |
| 115.77M | 94.11M | 96.04M | 97.71M | 92.92M | EBIT |
| 40.74M | 28.34M | 32.67M | 41.49M | 35.88M | EBITDA |
| 57.11M | 44.95M | 47.11M | 53.35M | 47.09M | Net Income Common Stockholders |
| 23.91M | 21.96M | 23.40M | 30.59M | 26.65M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 32.00M | 155.01M | 52.46M | 94.40M | 81.68M | Total Assets |
| 420.48M | 362.60M | 253.51M | 254.41M | 234.38M | Total Debt |
| 140.84M | 101.62M | 3.70M | 4.36M | 4.92M | Net Debt |
| 136.19M | -53.39M | -48.76M | -90.04M | -76.76M | Total Liabilities |
| 238.88M | 182.61M | 70.31M | 66.46M | 61.76M | Stockholders Equity |
| 181.60M | 180.00M | 183.21M | 187.94M | 172.62M |
| Cash Flow | Free Cash Flow | |||
| 28.24M | 30.71M | -14.18M | 37.57M | 46.27M | Operating Cash Flow |
| 31.52M | 35.43M | 45.52M | 40.91M | 49.54M | Investing Cash Flow |
| -23.74M | -107.00M | -17.72M | -15.44M | -23.49M | Financing Cash Flow |
| -3.13M | 71.57M | -27.80M | -25.47M | -26.05M |
Corby Spirit&Wine A Technical Analysis
Neutral
14.90
Price Trends
14.92
Negative
13.80
Positive
13.13
Positive
Market Momentum
0.11
Positive
46.85
Neutral
53.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CSW.A, the sentiment is Neutral. The current price of 14.9 is below the 20-day moving average (MA) of 15.06, below the 50-day MA of 14.92, and above the 200-day MA of 13.13, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 46.85 is Neutral, neither overbought nor oversold. The STOCH value of 53.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CSW.A.
Corby Spirit&Wine A Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$418.27M | 16.13 | 14.25% | 5.91% | 26.49% | 29.14% | |
64 Neutral | $8.88B | 14.97 | 4.71% | 174.26% | 3.67% | 4.40% | |
60 Neutral | C$200.87M | 37.63 | 1.98% | 5.62% | 5.42% | ― | |
44 Neutral | C$25.63M | ― | -84.90% | ― | -0.72% | -358.38% |
* Consumer Defensive Sector Average
Performance Comparison
TSE:CSW.A
Corby Spirit&Wine A
14.90
2.23
17.60%
TSE:ADW.A
Andrew Peller A NV
4.38
0.74
20.33%
TSE:BR
Big Rock Brewery
1.05
-0.29
-21.64%
Corby Spirit&Wine A Earnings Call Summary
Earnings Call Date:Feb 12, 2025
(Q2-2025)
| % Change Since: 13.14%|
Next Earnings Date:May 14, 2025
Earnings Call Sentiment Positive
Corby's earnings call revealed strong revenue growth and successful integration of recent acquisitions, leading to market outperformance despite a declining spirit market and increased interest charges. The company's strategic focus on the RTD category and cash flow improvements support a positive outlook, though challenges in international markets and increased costs are noted.Q2-2025 Updates
Positive Updates
Double-Digit Revenue Growth
Corby reported a double-digit revenue growth of 11% for the first half of fiscal year 2025, with a 10% increase in the second quarter. This growth was supported by the acquisition of Nude and strong performance in the Ready-to-Drink (RTD) category.
Strong Cash Flow and Dividend Increase
Corby generated $35.6 million in cash from operating activities, a $14.4 million improvement year-over-year. The Board declared a dividend increase to $0.23 per share, marking the second increase in six months.
Market Outperformance
Corby outperformed the Canadian spirit market despite a general decline, with a 3% growth in organic domestic case goods and a significant increase in RTD sales.
Successful Integration of Acquisitions
The acquisition of ABG and Nude has been successfully integrated, contributing to a 12% growth in the RTD category, which is growing by 6.8% in the market.
Negative Updates
Spirit Market Decline
The overall spirit market experienced a moderate decline over the last 12 months, affecting certain segments of Corby's portfolio.
Increased Interest Charges
Corby faced increased interest charges related to the loan contracted to acquire ABG, impacting net earnings per share growth.
International Revenue Decline
Corby's international case goods revenue decreased by 9%, partly due to pipeline field effects from the previous year.
Company Guidance
During Corby Spirit and Wine's Fiscal Year 2025 Q2 conference call, the company reported robust financial metrics, showcasing a 10% increase in revenue to $61.7 million, with organic revenue up by 5%. The acquisition of Nude contributed over $3 million to sales. Adjusted EBITDA rose by 10% to $17.2 million, and adjusted net earnings per share increased by 8% to $0.30. Corby also declared a quarterly dividend increase to $0.23 per share, marking a 5% rise. The net debt-to-adjusted EBITDA ratio was reported at a healthy 1.3 times, highlighting the company's solid balance sheet.Corby Spirit&Wine A Corporate Events
Financial Disclosures
Corby Spirit and Wine to Announce Q3 2025 Results
Neutral
Apr 14, 2025
Corby Spirit and Wine Limited announced that it will release its fiscal 2025 third quarter results on May 14, 2025, after market close. The following day, a conference call will be hosted by the company’s President and CEO, Nicolas Krantz, and CFO, Juan Alonso, to discuss the results with the investment community. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic positioning within the competitive spirits and wine industry.
Spark’s Take on TSE:CSW.A Stock
According to Spark, TipRanks’ AI Analyst, TSE:CSW.A is a Outperform.
Corby Spirit & Wine A is well-positioned in the alcoholic beverages industry, with strong financial performance, positive technical indicators, and a fair valuation. Despite challenges like increased interest charges, the company’s robust revenue growth, successful acquisitions, and attractive dividend yield support a positive outlook.
To see Spark’s full report on TSE:CSW.A stock, click here.
DividendsBusiness Operations and StrategyFinancial Disclosures
Corby Spirit & Wine Reports Strong Q2 Results and Boosts Dividend
Positive
Feb 12, 2025
Corby Spirit and Wine Limited announced strong financial results for its second fiscal quarter and the first half of fiscal 2025, driven by its recent acquisition of RTD businesses and market share gains in spirits. The company reported a 10% year-over-year increase in Q2 revenue to $61.7 million, with significant contributions from the acquisition of the Nude brands. Organic revenue also grew by 5% due to robust domestic case goods revenue and increased commissions from imported wines. Despite a challenging market, Corby increased its quarterly dividend by 5%, reflecting confidence in its growth strategy. The company’s strong financial performance is marked by a 10% rise in adjusted EBITDA and an 8% increase in adjusted net earnings.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.