Top Shelf International Holdings Ltd. (TSI) AI Stock Analysis

• Market Cap: AU$13.00M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.02
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 400
• Sector: Consumer Defensive
• Sector Strength: 65
• Industry: Beverages - Alcoholic
• EPS (TTM): N/A
• Shares Outstanding: 325,107,360
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 42 Neutral
• Price Target: ―

Top Shelf International Holdings Ltd. scores low overall due to significant financial and valuation challenges. Persistent losses and liquidity concerns weigh heavily on the financial performance. Technical analysis suggests an oversold condition, but the lack of price momentum and negative valuation metrics further impact the stock's prospects.

Top Shelf International Holdings Ltd. Business Overview & Revenue Model

Company Description

Top Shelf International Holdings Ltd engages in the production, marketing, and selling of NED Australian Whisky and Grainshaker Hand Made Vodka spirit products in Australia. It also provides canning, bottling, and contract packaging services to third party beverage manufacturers; and produces Australian agave spirit. The company was incorporated in 2013 and is headquartered in Campbellfield, Australia.

How the Company Makes Money

TSI primarily generates revenue through the sale of its premium alcoholic beverage products. The company's key revenue streams include direct sales to consumers via e-commerce platforms, distribution agreements with major retailers and wholesalers, and partnerships with bars, restaurants, and hospitality venues. TSI also invests in marketing initiatives to enhance brand recognition and expand its market presence. Additionally, the company may engage in export activities, tapping into international markets to drive growth. Strategic partnerships and collaborations with industry stakeholders further contribute to its revenue potential, enabling TSI to access wider distribution networks and enhance its product offerings.

Top Shelf International Holdings Ltd. Financial Statement Overview

Summary

Top Shelf International Holdings Ltd. faces significant financial challenges with persistent losses, high operational inefficiencies, and liquidity concerns. While the company maintains a stable capital structure, ongoing negative cash flow and profitability issues require strategic intervention to achieve financial stability.

Income Statement

The income statement shows a concerning trend with negative net income and widening losses. The gross profit margin is moderate, but high EBIT and EBITDA losses indicate operational inefficiencies. Revenue growth is inconsistent, and the net profit margin remains negative, reflecting ongoing profitability challenges.

Balance Sheet

The balance sheet reflects a relatively balanced debt-to-equity ratio, indicating manageable leverage levels. However, consistent net losses have eroded equity over time. The equity ratio shows a stable capital structure, but overall financial health is impacted by persistent liabilities.

Cash Flow

Cash flow analysis reveals significant cash burn with consistently negative free cash flow, highlighting liquidity concerns. The operating cash flow to net income ratio is negative, emphasizing operational cash drainage. Efforts to improve cash flow from financing activities partially offset operating shortfalls.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	26.64M	27.55M	25.28M	19.16M	7.68M
Gross Profit	6.22M	4.13M	6.12M	4.92M	-425.00K
EBITDA	-15.17M	-28.63M	-17.99M	-10.32M	-3.87M
Net Income	-21.17M	-48.29M	-16.44M	-10.74M	-4.83M
Balance Sheet
Total Assets	83.93M	79.45M	105.81M	77.83M	67.13M
Cash, Cash Equivalents and Short-Term Investments	6.96M	2.85M	20.13M	9.47M	23.52M
Total Debt	30.28M	39.84M	31.03M	21.80M	11.10M
Total Liabilities	43.41M	56.77M	45.29M	34.44M	16.83M
Stockholders Equity	40.52M	22.67M	60.51M	43.39M	50.30M
Cash Flow
Free Cash Flow	-17.93M	-35.54M	-30.94M	-22.34M	-13.54M
Operating Cash Flow	-13.18M	-27.67M	-25.17M	-17.01M	-6.58M
Investing Cash Flow	-4.99M	-7.85M	-5.71M	-5.45M	-6.97M
Financing Cash Flow	22.27M	18.25M	38.77M	28.06M	15.11M

Top Shelf International Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TSI, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 17.95 is Positive, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TSI.

Top Shelf International Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$20.31B	12.53	-7.33%	3.14%	2.92%	-10.02%
LRK	50 Neutral	AU$87.42M	―	-4.70%	―	-7.45%	-0.15%
MBH	47 Neutral	AU$21.61M	―	-33.40%	―	-13.09%	-139.06%
TFL	44 Neutral	AU$2.19M	―	-86.28%	―	-3.67%	-939.13%
TSI	42 Neutral	AU$13.00M	―	-67.01%	―	―	―
AUVGF	―	$20.82M	―	-38.39%	―	―	―
BFC	―	AU$5.99M	―		―	―	―

Top Shelf International Holdings Ltd. Corporate Events

Top Shelf International Announces Capital Raise and Strategic Partnership

Top Shelf International Holdings Ltd is undertaking a capital raise of up to $10 million through convertible notes to fund its business restructuring and operational costs, pending shareholder approval. The company is also finalizing a strategic distribution agreement with Amber Beverage Australia, aiming to improve performance and reduce costs, while planning to seek reinstatement on the ASX.

Top Shelf International to Raise $10 Million via Convertible Notes

Top Shelf International Holdings Ltd has announced an Extraordinary General Meeting (EGM) to be held virtually on August 11, 2025. The primary agenda is to seek shareholder approval for the issuance of convertible notes to raise up to $10 million. This funding will support operational expenses, working capital, and the completion of a business restructure. The meeting will also address the issuance of convertible notes to Longreach Credit Investors and to the company’s director, Julian Davidson. This move is expected to strengthen the company’s financial position and facilitate its strategic restructuring efforts.

Top Shelf International Finalizes Interim Executive Chairman Agreement

Top Shelf International Holdings Ltd has finalized an executive services agreement with Julian Davidson, appointing him as Interim Executive Chairman. The agreement outlines Davidson’s responsibilities and remuneration, including a capped cash payment and potential issuance of convertible notes, subject to shareholder approval. This strategic move is expected to enhance the company’s leadership and governance, potentially impacting its market positioning and stakeholder relations.

Top Shelf International Resolves ATO Debt Proceedings

Top Shelf International Holdings Ltd announced that the Australian Taxation Office’s proceedings to wind up its subsidiary, Top Shelf International Pty Ltd, have been dismissed after the full payment of the subsidiary’s historical excise debt. This resolution removes a significant financial uncertainty for the company, potentially stabilizing its operations and reassuring stakeholders about its financial health.

Top Shelf International Announces CEO Departure Amidst Leadership Restructuring

Top Shelf International Holdings Ltd announced the departure of CEO Trent Fraser, who will step down following a six-month transition period. The company is undergoing a management refresh to align with its evolving business structure, with Board Chair Julian Davidson stepping in as Acting Executive Chairman. This leadership change marks a new phase for Top Shelf as it continues to focus on its premium Australian spirits market, particularly its innovative agave spirit range.

Top Shelf Completes $8 Million Sale of Campbellfield Assets

Top Shelf International Holdings Ltd has successfully completed the sale of its Campbellfield production facility’s assets to Idyll Wine Co Pty Ltd for $8.0 million. This transaction is a significant step in the company’s cost reduction program, enabling the full repayment of its ATO excise liability and reducing other debts. The sale includes various operational assets but excludes the whisky maturation facility. A co-packing arrangement with IDL for ongoing production is now in effect, marking a key phase in Top Shelf’s financial and operational restructuring efforts.