Artisanal Spirits Company PLC (ART) AI Stock Analysis

• Market Cap: £29.03M
• Dividend Yield: N/A
• Average Volume (3M): 11.95K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.79
• Revenue Growth: 0.43%
• EPS Growth: 15.06%
• Country: UK
• Employees: 133
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): -0.05
• Shares Outstanding: 70,794,700
• 10 Day Avg. Volume: 18,295
• 30 Day Avg. Volume: 11,947
• PEG Ratio: 0.54
• Price to Book (P/B): 1.76
• Price to Sales (P/S): 1.11
• P/FCF Ratio: -14.89
• 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: £75.00
• Price Target Upside: 130.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: 31.00p ▼(-4.62% Downside)

The overall stock score is primarily influenced by the company's financial performance, which highlights stable revenue growth but significant financial risks due to net losses and high leverage. Technical analysis indicates weak market momentum with bearish trends and oversold conditions. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield, further impacting the stock's attractiveness.

Positive Factors

Revenue Growth

The company's stable revenue growth indicates strong demand for its products and effective market strategies, supporting long-term business viability.

Gross Profit Margin

A stable gross profit margin suggests effective cost management, which is crucial for maintaining profitability as the company scales.

Product Demand

Consistent product demand reflects the company's ability to attract and retain customers, essential for sustaining long-term growth.

Negative Factors

Net Losses

Ongoing net losses indicate challenges in achieving profitability, which could hinder reinvestment and growth opportunities.

High Leverage

High leverage increases financial risk and limits flexibility, potentially impacting the company's ability to navigate economic downturns.

Cash Flow Struggles

Persistent cash flow challenges suggest reliance on external financing, which may not be sustainable long-term and could affect operational stability.

Artisanal Spirits Company PLC Business Overview & Revenue Model

Company Description

The Artisanal Spirits Company plc curates and sells premium single cask scotch malt whisky and other spirits to its members in the United Kingdom and internationally. The company creates small batches of blended malt whiskies, grain whiskies, rum, and gin under the J.G. Thomson brand. It sells its products online under The Scotch Malt Whisky Society brand name. The Artisanal Spirits Company plc was founded in 1983 and is based in Edinburgh, the United Kingdom.

How the Company Makes Money

Artisanal Spirits Company generates revenue primarily through the sale of its premium spirits products. The company's revenue model is centered on direct sales through various channels, including retail distribution, online sales, and partnerships with bars and restaurants. Key revenue streams include the sales of bottled spirits, which are often sold at a premium price due to their artisanal nature, and limited-edition releases that attract collectors and enthusiasts. Additionally, the company may benefit from collaborations with other brands and participation in industry events, which can enhance brand visibility and drive sales. Strategic partnerships with distributors and wholesalers further expand its market reach, contributing to overall earnings.

Artisanal Spirits Company PLC Financial Statement Overview

Summary

Artisanal Spirits Company PLC shows stable revenue growth and gross profit margins, suggesting good product demand and cost control. However, persistent net losses, high leverage, and reliance on financing highlight operational inefficiencies and financial risks. The company needs to address profitability and cash flow issues to improve financial health.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	23.18M	23.60M	23.50M	21.78M	18.24M	15.03M
Gross Profit	14.34M	15.03M	15.00M	13.85M	11.21M	8.80M
EBITDA	153.00K	948.00K	-604.00K	-237.00K	-1.52M	180.00K
Net Income	-3.80M	-3.30M	-3.85M	-2.01M	-3.65M	-1.69M
Balance Sheet
Total Assets	49.97M	52.29M	49.82M	47.36M	39.89M	34.64M
Cash, Cash Equivalents and Short-Term Investments	1.40M	2.87M	1.24M	2.33M	2.01M	2.18M
Total Debt	35.02M	32.92M	27.04M	20.66M	10.78M	17.43M
Total Liabilities	38.62M	37.24M	31.55M	25.35M	16.01M	21.65M
Stockholders Equity	11.22M	14.80M	18.08M	21.79M	23.58M	12.83M
Cash Flow
Free Cash Flow	-1.73M	-1.75M	-7.62M	-8.98M	-5.86M	-2.12M
Operating Cash Flow	-961.00K	-805.00K	-5.54M	-5.63M	-4.67M	-1.02M
Investing Cash Flow	-599.00K	-1.01M	-2.05M	-3.35M	-1.19M	-1.08M
Financing Cash Flow	1.12M	3.52M	6.57M	9.48M	5.68M	2.70M

Artisanal Spirits Company PLC Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 32.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: 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 32.5 is below the 20-day moving average (MA) of 37.73, below the 50-day MA of 39.83, and below the 200-day MA of 42.86, indicating a bearish trend. The MACD of -2.30 indicates Positive momentum. The RSI at 8.84 is Positive, neither overbought nor oversold. The STOCH value of 20.83 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HVT	72 Outperform	£8.34M	5.69	10.60%	1.25%	2.76%	40.57%
HVTA	69 Neutral	£8.34M	4.14	10.60%	1.72%	2.76%	40.57%
JDW	64 Neutral	£683.68M	10.69	17.81%	1.60%	4.52%	50.39%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
CDGP	49 Neutral	€67.75M	-34.35	-6.01%	―	―	―
DIS	48 Neutral	£2.69M	-1.65	-21.36%	―	-25.00%	52.94%
ART	42 Neutral	£29.03M	-8.76	―	―	0.43%	15.06%

Artisanal Spirits Company PLC Corporate Events

Artisanal Spirits Company CEO Increases Stake with Share Options Exercise

The Artisanal Spirits Company PLC announced that its CEO, Andrew Dane, exercised options over 10,000 ordinary shares, increasing his stake in the company. This move is part of the company’s ongoing strategy to enhance its market position and shareholder value. Following this transaction, the company’s total voting rights stand at 70,804,704 shares, which shareholders can use to assess their interest in the company. This development reflects ASC’s commitment to growth and transparency in its operations, potentially impacting its market positioning positively.

The most recent analyst rating on (GB:ART) stock is a Hold with a £44.00 price target. To see the full list of analyst forecasts on Artisanal Spirits Company PLC stock, see the GB:ART Stock Forecast page.

Artisanal Spirits Company Faces Delays but Strengthens US Strategy

Artisanal Spirits Company PLC announced a strategic update regarding its US operations, which will result in a one-off non-cash impact on its FY25 results. Due to a US government shutdown, a backlog in regulatory approvals has delayed shipments, affecting expected revenue and EBITDA. Despite these challenges, the company is accelerating its strategy to take direct control of its US operations, aiming for substantial cost savings and improved market performance. The underlying business remains strong, with expectations for stable revenue and positive EBITDA margins in FY26.

The most recent analyst rating on (GB:ART) stock is a Hold with a £44.00 price target. To see the full list of analyst forecasts on Artisanal Spirits Company PLC stock, see the GB:ART Stock Forecast page.

Artisanal Spirits Company Secures Enhanced Refinancing Deal with Santander

The Artisanal Spirits Company PLC has successfully refinanced its banking facilities by signing a new agreement with Santander plc, replacing its existing revolving credit facility. This new Asset Based Lending Facility offers improved terms, including a £35m availability, a 2.05% margin rate, and a four-year term, enhancing the company’s financial flexibility. The refinancing aligns with ASC’s strategic initiatives to diversify revenue streams and improve operational efficiency, supporting its growth and profitability goals.

The most recent analyst rating on (GB:ART) stock is a Hold with a £44.00 price target. To see the full list of analyst forecasts on Artisanal Spirits Company PLC stock, see the GB:ART Stock Forecast page.

Artisanal Spirits Company Secures Enhanced Financing Agreement with Santander

Artisanal Spirits Company PLC has successfully refinanced its banking facilities by securing a new Asset Based Lending Facility with Santander plc, offering improved terms compared to its previous revolving credit facility. This new agreement provides a £35 million facility with a lower margin rate and no financial covenants, supporting the company’s strategic initiatives and operational efficiency. The refinancing is expected to enhance ASC’s financial flexibility, allowing it to focus on diversifying revenue streams and maintaining cost discipline, thereby supporting its growth ambitions in the global whisky market.

The most recent analyst rating on (GB:ART) stock is a Hold with a £44.00 price target. To see the full list of analyst forecasts on Artisanal Spirits Company PLC stock, see the GB:ART Stock Forecast page.

Artisanal Spirits Company Maintains Stability Amid Global Challenges

Artisanal Spirits Company PLC announced its interim results for the first half of 2025, maintaining adjusted EBITDA despite a challenging global whisky market. The company achieved strategic goals through revenue diversification and cost efficiency, with strong membership retention and new franchise agreements in India and Vietnam. Revenue saw a slight decline due to reduced US shipments, but underlying performance was positive outside the US. The launch of the Artisan Casks luxury program and expansion into new markets are expected to drive future growth. The company remains on track to meet full-year EBITDA expectations, with momentum building in the second half of the year.

The most recent analyst rating on (GB:ART) stock is a Hold with a £44.00 price target. To see the full list of analyst forecasts on Artisanal Spirits Company PLC stock, see the GB:ART Stock Forecast page.

Artisanal Spirits Company Expands Share Capital to Boost Growth

The Artisanal Spirits Company PLC announced a block admission application for 566,700 new ordinary shares, which will be issued under the company’s Long Term Incentive Plan and Option Agreement. This move is part of ASC’s strategy to enhance its market presence and operational capacity, reflecting its commitment to profitable growth and expanding its global footprint in the premium spirits industry.

The most recent analyst rating on (GB:ART) stock is a Hold with a £44.00 price target. To see the full list of analyst forecasts on Artisanal Spirits Company PLC stock, see the GB:ART Stock Forecast page.

Artisanal Spirits Company Celebrates Global Whisky Awards Success

The Artisanal Spirits Company has been recognized at prestigious global whisky awards, winning over 380 awards since 2018. The Scotch Malt Whisky Society, a part of ASC, received multiple medals at The Spirits Business Scotch Whisky Masters and the International Spirits Challenge, highlighting the company’s commitment to quality. These accolades reinforce ASC’s position in the industry as a creator of premium, limited-edition whiskies and experiences, enhancing its reputation and market presence.

The most recent analyst rating on (GB:ART) stock is a Hold with a £44.00 price target. To see the full list of analyst forecasts on Artisanal Spirits Company PLC stock, see the GB:ART Stock Forecast page.

Artisanal Spirits Company to Announce Half Year Results and Host Investor Presentations

Artisanal Spirits Company PLC announced the release of its Half Year Results for the six months ending 30 June 2025, scheduled for 10 September 2025. The company will host presentations for sellside analysts and investors, led by CEO Andrew Dane and CFO Billy McCarter, to discuss these results. These events are part of ASC’s efforts to engage with stakeholders and showcase its financial performance and strategic direction. The announcement underscores ASC’s commitment to transparency and its strategic focus on expanding its global footprint and enhancing shareholder value.

The most recent analyst rating on (GB:ART) stock is a Hold with a £44.00 price target. To see the full list of analyst forecasts on Artisanal Spirits Company PLC stock, see the GB:ART Stock Forecast page.