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Big Rock Brewery
(TSX:BR)
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Rating:43Neutral
Price Target:
C$0.61
▼(-2.70% Downside)
Action:Reiterated
Date:08/18/26
The score is held down primarily by weak financial performance: ongoing net losses, declining revenue, and negative free cash flow despite some gross margin improvement and recently positive operating cash flow. Technicals add further pressure with the stock trading below key moving averages and a negative MACD. Valuation is not a clear positive since the company is loss-making (negative P/E) and no dividend yield is provided.
Positive Factors
Gross margin recovery
The recovery in gross margin suggests improved pricing, product mix, or input-cost management. If sustained, it can strengthen unit economics and provide a foundation for restoring operating profitability.
Negative Factors
Declining revenue and ongoing losses
Revenue contraction alongside a net loss indicates weak demand or market execution and shows that the business has not yet covered its operating cost base. Persistent declines would limit scale benefits and constrain recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross margin recovery
The recovery in gross margin suggests improved pricing, product mix, or input-cost management. If sustained, it can strengthen unit economics and provide a foundation for restoring operating profitability.
Read all positive factors
Big Rock Brewery (BR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.86M
Dividend YieldN/A
Average Volume (3M)1.88K
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue Growth-9.67%
EPS Growth90.36%
CountryCA
Employees121
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)-0.15
Shares Outstanding24,596,462
10 Day Avg. Volume600
30 Day Avg. Volume1,880
Financial Highlights & Ratios
PEG Ratio0.20
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. is engaged in the development, marketing, and distribution of artisanal beers, ciders, and ready-to-drink beverages, with a primary focus on the Canadian market. The company manages its operations through distinct wholesale a...
How the Company Makes Money
Big Rock primarily makes money by producing and selling alcoholic beverages—mainly beer—under its owned brands. Revenue is generated from wholesale sales to liquor boards/retailers and distributors, and from sales into the on-premise channel (bars...
Big Rock Brewery Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.35M | 49.09M | 43.36M | 43.68M | 47.10M | 45.98M |
| Gross Profit | 15.36M | 17.01M | 10.71M | 12.95M | 10.48M | 14.82M |
| EBITDA | 367.00K | 2.35M | -7.97M | 2.62M | -4.20M | 632.00K |
| Net Income | -3.57M | -929.00K | -13.47M | -2.93M | -7.10M | -3.26M |
Balance Sheet | ||||||
| Total Assets | 48.78M | 47.43M | 40.06M | 52.79M | 51.63M | 54.82M |
| Cash, Cash Equivalents and Short-Term Investments | 232.00K | 537.00K | 372.00K | 1.04M | 612.00K | 228.00K |
| Total Debt | 12.38M | 13.20M | 18.90M | 19.59M | 17.52M | 14.58M |
| Total Liabilities | 25.70M | 22.25M | 30.87M | 30.27M | 26.42M | 23.12M |
| Stockholders Equity | 23.08M | 25.18M | 9.20M | 22.53M | 25.20M | 31.70M |
Cash Flow | ||||||
| Free Cash Flow | -1.36M | -6.69M | -4.81M | -2.63M | -2.62M | -7.37M |
| Operating Cash Flow | 1.17M | -4.14M | -1.49M | -2.36M | -1.33M | 962.00K |
| Investing Cash Flow | -2.29M | -2.67M | -479.00K | 827.00K | -966.00K | -5.25M |
| Financing Cash Flow | 712.00K | 6.98M | 1.30M | 1.96M | 2.69M | 4.26M |
Big Rock Brewery Technical Analysis
Negative
0.63
Price Trends
0.67
Negative
0.69
Negative
0.76
Negative
Market Momentum
>-0.01
Negative
42.78
Neutral
50.00
Neutral
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 0.63 is below the 20-day moving average (MA) of 0.64, below the 50-day MA of 0.67, and below the 200-day MA of 0.76, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.78 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 Negative sentiment for TSE:BR.
Big Rock Brewery Peers Comparison
UnderperformOutperform
Sector (62)
TSE:BR
Big Rock Brewery
0.65
-0.41
-38.57%
TSE:ADW.A
Andrew Peller A NV
8.00
2.84
55.04%
TSE:DWS
Diamond Estates Wines & Spirits
0.17
0.00
0.00%
TSE:RUM
Rocky Mountain Liquor
0.08
-0.02
-16.67%
TSE:TPX.A
Molson Coors Canada
63.00
-9.51
-13.11%
TSE:TPX.B
Molson Coors Canada
61.03
-8.94
-12.77%
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.