Artisanal Spirits Company PLC (ART) AI Stock Analysis

• Market Cap: £35.04M
• Dividend Yield: N/A
• Average Volume (3M): 28.46K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.61
• Revenue Growth: 0.43%
• EPS Growth: 15.06%
• Country: UK
• Employees: 133
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): >-0.01
• Shares Outstanding: 70,794,700
• 10 Day Avg. Volume: 16,078
• 30 Day Avg. Volume: 28,463
• PEG Ratio: -3.48
• Price to Book (P/B): 2.41
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -20.59
• 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: £49.00
• Price Target Upside: -1.01% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 51 Neutral
• Price Target: 49.00p ▼(-1.01%Downside)

Artisanal Spirits Company's overall stock score reflects its stable revenue growth and effective cost control, but is weighed down by persistent net losses and high leverage. Positive corporate events and neutral technical indicators provide some balance, yet valuation remains a concern due to a negative P/E ratio and lack of dividend yield. Addressing profitability and financial risks is crucial for improving its stock attractiveness.

Artisanal Spirits Company PLC Business Overview & Revenue Model

Company Description

Artisanal Spirits Company PLC (ART) is a premium producer and distributor of high-quality, single-cask and limited-edition whiskies. The company operates within the alcoholic beverages sector, focusing on the creation and distribution of unique and exclusive spirit offerings. Its core products include a range of whiskies under brands such as The Scotch Malt Whisky Society, which is renowned for its curated selection of exclusive, single-cask whiskies and membership-based offerings.

How the Company Makes Money

Artisanal Spirits Company PLC generates revenue primarily through the sale of its premium whisky products. Key revenue streams include direct sales to consumers via memberships, which provide access to exclusive whisky bottlings and events, as well as retail and wholesale distribution channels. The company also benefits from strategic partnerships with distilleries and other industry players, enhancing its product portfolio and market reach. Membership subscriptions, events, and exclusive tastings contribute to recurring revenue, while limited-edition releases drive interest and sales among whisky enthusiasts.

Artisanal Spirits Company PLC Financial Statement Overview

Summary

Artisanal Spirits Company PLC demonstrates stable revenue growth and effective cost management with a gross profit margin of 63.6%. However, persistent net losses, high leverage with a debt-to-equity ratio of 2.19, and reliance on financing highlight financial risks and operational inefficiencies.

Income Statement

The Income Statement shows modest revenue growth over the years, with a 0.4% increase from 2023 to 2024. The gross profit margin remains stable at around 63.6% in 2024, indicating effective cost management relative to revenue. However, the company is operating at a net loss, with a net profit margin of -14% in 2024. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The Balance Sheet reveals a high debt-to-equity ratio of 2.19 in 2024, showing significant leverage which could pose financial risk. However, the equity ratio stands at 28.3%, indicating a reasonable proportion of assets financed by equity. The return on equity remains negative due to the net loss, highlighting challenges in generating returns on shareholders' investments.

Cash Flow

The Cash Flow Statement indicates negative free cash flow, although it has improved from -£7.6 million in 2023 to -£1.75 million in 2024. The operating cash flow to net income ratio is negative, suggesting cash flow struggles. The company is heavily reliant on financing to cover its cash flow needs, which could indicate sustainability concerns.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	23.60M	23.50M	21.78M	18.24M	15.03M
Gross Profit	15.03M	15.00M	13.85M	11.21M	8.80M
EBITDA	948.00K	-604.00K	-237.00K	-1.52M	180.00K
Net Income	-3.30M	-3.85M	-1.71M	-3.35M	-1.62M
Balance Sheet
Total Assets	52.29M	49.82M	47.36M	39.89M	34.64M
Cash, Cash Equivalents and Short-Term Investments	2.87M	1.24M	2.33M	2.01M	2.18M
Total Debt	32.40M	27.04M	3.32M	3.59M	1.57M
Total Liabilities	37.24M	31.55M	25.35M	16.01M	21.65M
Stockholders Equity	14.80M	18.08M	21.79M	23.58M	12.83M
Cash Flow
Free Cash Flow	-1.75M	-7.62M	-8.98M	-5.86M	-2.12M
Operating Cash Flow	-805.00K	-5.54M	-5.63M	-4.67M	-1.02M
Investing Cash Flow	-1.01M	-2.05M	-3.35M	-1.19M	-1.08M
Financing Cash Flow	3.52M	6.57M	9.48M	5.68M	2.70M

Artisanal Spirits Company PLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 49.50
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ART, the sentiment is Positive. The current price of 49.5 is above the 20-day moving average (MA) of 49.41, below the 50-day MA of 49.93, and above the 200-day MA of 41.21, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 49.45 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 Positive sentiment for GB:ART.

Artisanal Spirits Company PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HVT	72 Outperform	£8.11M	5.56	10.60%	2.63%	2.76%	―
HVTA	69 Neutral	£8.11M	4.01	10.60%	3.65%	2.76%	―
JDW	67 Neutral	£843.06M	15.07	16.38%	0.38%	3.70%	57.10%
Sector *	64 Neutral	£1.72B	10.45	6.12%	3.16%	0.58%	-32.48%
CDGP	58 Neutral	€75.23M	―		―	―	―
ART	51 Neutral	£35.04M	―	-20.08%	―	0.43%	15.06%
DIS	48 Neutral	£2.98M	―	-22.68%	―	-13.94%	-142.86%

Artisanal Spirits Company PLC Corporate Events

Artisanal Spirits Company Unveils Exclusive Artisan Casks Program

The Artisanal Spirits Company has launched Artisan Casks, a luxury private cask program offering individuals the opportunity to purchase and enjoy aged whisky casks. This initiative aims to enhance the company’s market position by providing exclusive access to Scotland’s renowned distilleries and unique whisky experiences, potentially attracting high-net-worth individuals and whisky enthusiasts.

Artisanal Spirits Company Expands into Vietnam with New Franchise

The Artisanal Spirits Company has launched a new franchise in Vietnam, marking a significant step in its strategic expansion across Asia. This move gives the company access to one of the world’s top 10 markets for Ultra-Premium Scotch Whisky, further solidifying its presence in the region alongside existing operations in Korea, Taiwan, China, and Japan. The expansion is expected to enhance ASC’s ability to meet the growing demand for its exclusive whisky offerings, thereby strengthening its market position and providing potential benefits to stakeholders.

Artisanal Spirits Company to Present FY24 Results at MelloMonday Webinar

Artisanal Spirits Company PLC announced its participation in the MelloMonday webinar to discuss its FY24 results, journey since IPO, and future ambitions. The event, featuring presentations by CEO Andrew Dane and CFO Billy McCarter, highlights the company’s commitment to transparency and shareholder engagement, aiming to reinforce its industry positioning and stakeholder trust.

Artisanal Spirits Company PLC Passes All AGM Resolutions, Reinforcing Strategic Direction

At the recent Annual General Meeting, The Artisanal Spirits Company PLC successfully passed all resolutions, including the re-election of its board members and the approval of the directors’ remuneration report. This outcome underscores the company’s stable governance and strategic direction, reinforcing its position in the global whisky market and ensuring continued growth and profitability for stakeholders.

Artisanal Spirits Company Reports Strong Start to 2025 with Strategic Growth Initiatives

Artisanal Spirits Company PLC has reported a strong start to the year, achieving double-digit revenue growth and improved profitability, despite a one-off investment in SMWS America. The company is on track to meet its full-year EBITDA target of £1.5m, supported by strategic initiatives such as the full control of SMWS America’s membership and marketing services and the upcoming launch of a new private cask and luxury experience program. These developments are expected to enhance the company’s operating model and cost base, further solidifying its position in the global whisky market.

Artisanal Spirits Company Secretary Increases Stake

Artisanal Spirits Company PLC announced that Douglas Aitken, the Company Secretary and Legal Counsel, purchased 4,000 ordinary shares, increasing his stake to 5,100 shares. This transaction reflects internal confidence in the company’s growth and market positioning, potentially influencing stakeholder perceptions positively.

Artisanal Spirits Company Releases Annual Report and Announces Virtual AGM

Artisanal Spirits Company PLC has published its Annual Report and Accounts for the year ending December 2024 and issued a notice for its virtual Annual General Meeting scheduled for May 21, 2025. This announcement underscores ASC’s commitment to transparency and shareholder engagement, reflecting its strategic focus on expanding its global presence and enhancing its market position in the premium whisky and spirits industry.