Big Rock Brewery Inc (TSE:BR)
TSX:BR
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Big Rock Brewery
(TSX:BR)
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Rating:44Neutral
Price Target:
C$0.76
▲(0.93% Upside)
Action:ReiteratedDate:04/09/26
The score is primarily held back by weak financial performance—especially consistently negative operating/free cash flow and ongoing net losses—despite a noticeably improved balance sheet. Technicals are neutral overall, while valuation remains unattractive/indeterminate due to negative earnings and no dividend support.
Positive Factors
Balance sheet improvement
Big Rock has materially reduced debt and increased equity, restoring a more conservative capital structure. Lower leverage reduces refinancing and interest-rate sensitivity, improving financial flexibility to invest or weather downturns and supporting medium-term stability.
Negative Factors
Weak cash generation
Persistent negative operating and free cash flow undermines the company’s ability to fund operations, capex, and debt reduction from internal resources. Over months this raises dependence on external financing and constrains strategic investments and margin improvement execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet improvement
Big Rock has materially reduced debt and increased equity, restoring a more conservative capital structure. Lower leverage reduces refinancing and interest-rate sensitivity, improving financial flexibility to invest or weather downturns and supporting medium-term stability.
Read all positive factors
Big Rock Brewery (BR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$18.86M
Dividend YieldN/A
Average Volume (3M)1.88K
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue Growth25.86%
EPS Growth-62.85%
CountryCA
Employees92
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)-0.04
Shares Outstanding24,493,948
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 primarily makes money by selling alcoholic beverages it produces (mainly beer, and potentially other brewed products under its brand portfolio) into the Canadian market. Revenue is generated through wholesale and direct sales of p...
Big Rock Brewery Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 49.09M | 43.36M | 43.68M | 47.10M | 45.98M |
| Gross Profit | 17.01M | 10.71M | 12.95M | 10.48M | 14.82M |
| EBITDA | 2.35M | -7.97M | 2.62M | -4.20M | 632.00K |
| Net Income | -929.00K | -13.47M | -2.93M | -7.10M | -3.26M |
Balance Sheet | |||||
| Total Assets | 47.43M | 40.06M | 52.79M | 51.63M | 54.82M |
| Cash, Cash Equivalents and Short-Term Investments | 537.00K | 372.00K | 1.04M | 612.00K | 228.00K |
| Total Debt | 13.20M | 18.90M | 19.59M | 17.52M | 14.58M |
| Total Liabilities | 22.25M | 30.87M | 30.27M | 26.42M | 23.12M |
| Stockholders Equity | 25.18M | 9.20M | 22.53M | 25.20M | 31.70M |
Cash Flow | |||||
| Free Cash Flow | -6.69M | -4.81M | -2.63M | -2.62M | -7.37M |
| Operating Cash Flow | -4.14M | -1.49M | -2.36M | -1.33M | 962.00K |
| Investing Cash Flow | -2.67M | -479.00K | 827.00K | -966.00K | -5.25M |
| Financing Cash Flow | 6.98M | 1.30M | 1.96M | 2.69M | 4.26M |
Big Rock Brewery Technical Analysis
Neutral
0.75
Price Trends
0.80
Negative
0.80
Negative
0.91
Negative
Market Momentum
-0.01
Negative
53.17
Neutral
72.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BR, the sentiment is Neutral. The current price of 0.75 is above the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.80, and below the 200-day MA of 0.91, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 53.17 is Neutral, neither overbought nor oversold. The STOCH value of 72.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:BR.
Big Rock Brewery Peers Comparison
UnderperformOutperform
Sector (62)
TSE:BR
Big Rock Brewery
0.77
-0.31
-28.70%
TSE:ADW.A
Andrew Peller A NV
5.45
1.08
24.74%
TSE:DWS
Diamond Estates Wines & Spirits
0.16
>-0.01
-3.03%
TSE:RUM
Rocky Mountain Liquor
0.10
>-0.01
-2.00%
TSE:TPX.A
Molson Coors Canada
67.13
-23.85
-26.21%
TSE:TPX.B
Molson Coors Canada
63.32
-16.07
-20.25%
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...
Business Operations and StrategyExecutive/Board Changes
Big Rock Brewery Names William Woods as Chief Financial Officer
Positive
Jan 29, 2026
Big Rock Brewery has appointed William (Bill) Woods as its Chief Financial Officer effective February 28, 2026, formalizing a role he has held on an interim basis since August 2025. With more than 25 years of senior and C-suite financial leadershi...
Business Operations and StrategyExecutive/Board Changes
Big Rock Brewery Adds Logistics Veteran and New VN Capital Representative to Board
Positive
Jan 9, 2026
Big Rock Brewery has strengthened its board with the appointment of logistics and distribution veteran Pat Carey, former CEO of Wallace Carey and co-founder of warehousing-optimization software firm Sitewise Solutions, as part of its strategy to ...
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.