Big Rock Brewery Inc (TSE:BR)
TSX:BR
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Big Rock Brewery
(TSX:BR)
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Rating:43Neutral
Price Target:
C$0.63
▼(-16.40% Downside)
Action:Reiterated
Date:05/18/26
The score is held down primarily by weak financial performance (ongoing losses and materially negative free cash flow) and a clearly bearish technical setup (price below all key moving averages with negative MACD). Valuation also provides limited support because profitability is negative and no dividend yield is available.
Positive Factors
Stable, regulated distribution channels
Big Rock sells through provincial liquor boards, authorized distributors, on‑premise and direct‑to‑consumer channels. These regulated, established routes provide predictable access to retail shelves and venues, supporting steady revenue streams and long‑term channel stability versus ad hoc retail distribution.
Negative Factors
Negative free cash flow
Meaningful negative free cash flow indicates the business is not yet self‑funding its capital needs and working‑capital variation. Over months, persistent negative FCF constrains reinvestment, increases reliance on external funding, and raises the risk that operational improvement must be sustained to avoid balance‑sheet pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable, regulated distribution channels
Big Rock sells through provincial liquor boards, authorized distributors, on‑premise and direct‑to‑consumer channels. These regulated, established routes provide predictable access to retail shelves and venues, supporting steady revenue streams and long‑term channel stability versus ad hoc retail distribution.
Read all positive factors
Big Rock Brewery (BR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$16.22M
Dividend YieldN/A
Average Volume (3M)1.88K
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue Growth4.41%
EPS Growth92.71%
CountryCA
Employees92
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)-0.11
Shares Outstanding24,580,616
10 Day Avg. Volume600
30 Day Avg. Volume1,880
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.78
Price to Sales (P/S)0.40
P/FCF Ratio-2.93
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)N/A
Revenue Forecast (FY)N/A
Big Rock Brewery Business Overview & Revenue Model
Company Description
Big Rock Brewery Inc. produces, markets, and distributes craft beers, ciders, and ready-to-drink beverages primarily in Canada. The company operates through two segments, Wholesale and Retail. It offers a selection of beer, ciders, and RTD beverag...
How the Company Makes Money
Big Rock Brewery makes money primarily by selling its branded alcoholic beverages. Key revenue streams include: (1) Wholesale sales to provincial liquor boards/authorities and other authorized distributors, where Big Rock sells packaged product (e...
Big Rock Brewery Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.01M | 49.09M | 43.36M | 43.68M | 47.10M | 45.98M |
| Gross Profit | 16.29M | 17.01M | 10.71M | 12.95M | 10.48M | 14.82M |
| EBITDA | 951.00K | 2.35M | -7.97M | 2.62M | -4.20M | 632.00K |
| Net Income | -2.66M | -929.00K | -13.47M | -2.93M | -7.10M | -3.26M |
Balance Sheet | ||||||
| Total Assets | 48.68M | 47.43M | 40.06M | 52.79M | 51.63M | 54.82M |
| Cash, Cash Equivalents and Short-Term Investments | 151.00K | 537.00K | 372.00K | 1.04M | 612.00K | 228.00K |
| Total Debt | 13.17M | 13.20M | 18.90M | 19.59M | 17.52M | 14.58M |
| Total Liabilities | 25.10M | 22.25M | 30.87M | 30.27M | 26.42M | 23.12M |
| Stockholders Equity | 23.58M | 25.18M | 9.20M | 22.53M | 25.20M | 31.70M |
Cash Flow | ||||||
| Free Cash Flow | -2.32M | -6.69M | -4.81M | -2.63M | -2.62M | -7.37M |
| Operating Cash Flow | 434.00K | -4.14M | -1.49M | -2.36M | -1.33M | 962.00K |
| Investing Cash Flow | -2.60M | -2.67M | -479.00K | 827.00K | -966.00K | -5.25M |
| Financing Cash Flow | 1.70M | 6.98M | 1.30M | 1.96M | 2.69M | 4.26M |
Big Rock Brewery Technical Analysis
Negative
0.75
Price Trends
0.73
Negative
0.78
Negative
0.86
Negative
Market Momentum
-0.02
Positive
38.73
Neutral
10.74
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BR, the sentiment is Negative. The current price of 0.75 is above the 20-day moving average (MA) of 0.70, above the 50-day MA of 0.73, and below the 200-day MA of 0.86, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 38.73 is Neutral, neither overbought nor oversold. The STOCH value of 10.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BR.
Big Rock Brewery Peers Comparison
UnderperformOutperform
Sector (62)
TSE:BR
Big Rock Brewery
0.66
-0.41
-38.32%
TSE:ADW.A
Andrew Peller A NV
5.63
1.20
27.20%
TSE:DWS
Diamond Estates Wines & Spirits
0.14
-0.03
-20.00%
TSE:RUM
Rocky Mountain Liquor
0.09
-0.01
-10.00%
TSE:TPX.A
Molson Coors Canada
67.00
-9.23
-12.11%
TSE:TPX.B
Molson Coors Canada
60.25
-10.47
-14.80%
Big Rock Brewery Corporate Events
Business Operations and StrategyFinancial Disclosures
Big Rock Brewery Narrows Losses as Contract Volumes Drive Strong 2025 Turnaround
Positive
Mar 30, 2026
Big Rock Brewery Inc., a Calgary-based brewer listed on the TSX, produces beer and related beverages for wholesale and contract markets, and increasingly focuses on innovation and co-created products with strategic partners. The company aims to ex...
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.