Corby Spirit&Wine A (CSW.A) AI Stock Analysis

• Market Cap: C$396.58M
• Dividend Yield: 6.59%
• Average Volume (3M): 17.02K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.03
• Revenue Growth: 8.87%
• EPS Growth: 10.15%
• Country: CA
• Employees: 177
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): 0.39
• Shares Outstanding: 24,274,320
• 10 Day Avg. Volume: 16,209
• 30 Day Avg. Volume: 17,024
• PEG Ratio: 1.68
• Price to Book (P/B): 2.01
• Price to Sales (P/S): 1.59
• P/FCF Ratio: 12.96
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: C$15.50 ▲(10.95% Upside)

Corby Spirit & Wine A's overall stock score reflects strong financial performance and strategic growth initiatives. The earnings call provided positive insights into revenue growth and market share gains, while the valuation remains attractive with a high dividend yield. Technical indicators present mixed signals, but the company's strategic moves in the RTD market bolster its position.

Positive Factors

RTD Segment Growth

The significant growth in the RTD segment highlights Corby's ability to capture market trends and consumer preferences, reinforcing its competitive position in a rapidly expanding category.

Strategic Portfolio Management

By divesting non-core brands and increasing its stake in Ace Beverage, Corby focuses on core growth areas, enhancing its market presence and aligning with strategic priorities.

Strong Financial Performance

The record revenue growth demonstrates Corby's effective market strategies and resilience, supporting long-term financial health and shareholder value.

Negative Factors

Challenging Market Environment

A declining market environment poses challenges for growth, potentially affecting Corby's ability to maintain its market share and revenue momentum.

Normalization of Order Phasing

The expected normalization of order phasing may lead to reduced sales figures in subsequent quarters, impacting short-term revenue visibility.

Potential Impact of Labor Strikes

Labor strikes can disrupt supply chains and operations, potentially affecting Corby's ability to meet demand and maintain operational efficiency.

Corby Spirit&Wine A Business Overview & Revenue Model

Company Description

Corby Spirit and Wine Limited manufactures, markets, and imports spirits and wines primarily in Canada. It offers its products under the J.P. Wiser's Canadian Whisky, Lot No.40, Pike Creek and Gooderham, Worts Canadian whiskies, Lamb's rum, Polar Ice vodka, McGuinness liqueurs, Ungava Gin, Cabot Trail, Chic Choc, The Foreign Affair Winery, Absolut vodka, Chivas Regal, Aberlour, The Glenlivet and Ballantine's Scotch whiskies, Jameson Irish whiskey, Beefeater gin, Malibu rum, Kahlúa liqueur, Mumm Champagne, and Jacob's Creek, Stoneleigh, Campo Viejo, and Wyndham Estate brands. The company also exports its products to the United States, Europe, and other international markets. The company was formerly known as Corby Distilleries Limited and changed its name to Corby Spirit and Wine Limited in November 2013. Corby Spirit and Wine Limited was founded in 1924 and is based in Toronto, Canada. Corby Spirit and Wine Limited is a subsidiary of Hiram Walker & Sons Limited.

How the Company Makes Money

Corby Spirit & Wine generates revenue primarily through the sale of alcoholic beverages, which includes both proprietary brands and products from its international partners. The company benefits from a multi-faceted revenue model that includes direct sales to retailers and wholesalers, as well as online sales through e-commerce platforms. Key revenue streams include the sales of its flagship brands, as well as premium offerings that command higher price points. Additionally, Corby engages in strategic partnerships and collaborations with global spirits companies to expand its product portfolio and enhance market reach. Seasonal promotions, marketing campaigns, and brand activations also contribute to driving sales and increasing brand visibility, ultimately impacting the company's earnings positively.

Corby Spirit&Wine A Financial Statement Overview

Summary

Corby Spirit & Wine A demonstrates strong revenue growth and profitability, supported by efficient cost management. The balance sheet shows a solid equity base, but rising debt levels warrant attention. Cash flow generation is a concern, with negative free cash flow growth, which could impact future financial flexibility. Overall, the company is in a stable financial position but should focus on improving cash flow metrics.

Income Statement

Corby Spirit & Wine A has shown consistent revenue growth over the years, with a notable increase of 2.08% in the latest year. The gross profit margin remains strong at nearly 50%, indicating efficient cost management. However, the net profit margin has slightly decreased compared to previous years, suggesting some pressure on profitability. EBIT and EBITDA margins are stable, reflecting solid operational performance.

Balance Sheet

The company's debt-to-equity ratio has increased over the years, reaching 0.60, which indicates a moderate level of leverage. Return on equity is healthy at 14.96%, showing effective use of equity to generate profits. The equity ratio is strong, suggesting a solid capital structure, but the increasing debt levels could pose a risk if not managed carefully.

Cash Flow

Operating cash flow has improved significantly, but free cash flow growth has been negative, indicating potential challenges in cash generation. The operating cash flow to net income ratio is below 1, suggesting that not all net income is being converted into cash. The free cash flow to net income ratio is close to 1, indicating that the company is generating sufficient cash relative to its net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	257.06M	246.79M	229.66M	162.96M	159.39M	159.78M
Gross Profit	126.64M	123.00M	115.77M	94.11M	96.04M	97.71M
EBITDA	63.70M	63.26M	57.11M	44.95M	47.11M	53.80M
Net Income	28.30M	27.43M	23.91M	21.96M	23.40M	30.59M
Balance Sheet
Total Assets	392.04M	402.81M	420.48M	362.60M	253.51M	254.41M
Cash, Cash Equivalents and Short-Term Investments	8.98M	179.00K	32.00M	155.01M	52.46M	94.40M
Total Debt	105.10M	110.59M	140.84M	101.62M	3.70M	4.36M
Total Liabilities	205.10M	219.48M	238.88M	182.61M	70.31M	66.46M
Stockholders Equity	186.95M	183.33M	181.60M	180.00M	183.21M	187.94M
Cash Flow
Free Cash Flow	44.02M	42.33M	28.24M	30.71M	-14.18M	37.57M
Operating Cash Flow	46.72M	44.77M	31.52M	35.43M	45.52M	40.91M
Investing Cash Flow	3.54M	9.16M	-23.74M	-107.00M	-17.72M	-15.44M
Financing Cash Flow	-47.44M	-58.40M	-3.13M	71.57M	-27.80M	-25.47M

Corby Spirit&Wine A Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 13.97
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CSW.A, the sentiment is Neutral. The current price of 13.97 is below the 20-day moving average (MA) of 14.14, above the 50-day MA of 13.88, and above the 200-day MA of 13.96, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 48.05 is Neutral, neither overbought nor oversold. The STOCH value of 64.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CSW.A.

Corby Spirit&Wine A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CSW.A	73 Outperform	C$396.58M	14.05	15.23%	6.59%	8.87%	10.15%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ADW.A	60 Neutral	C$236.79M	10.76	8.25%	4.75%	-2.11%	―
HLF	58 Neutral	C$405.86M	8.74	8.60%	4.84%	6.15%	-36.76%
BKTS	37 Underperform	C$3.63M	-3.45	-337.27%	―	22.03%	86.06%

Corby Spirit&Wine A Corporate Events

Corby Spirit and Wine Limited Elects Board of Directors

Corby Spirit and Wine Limited announced the election of its board of directors during the Annual Meeting of Shareholders held in Toronto on November 13, 2025. All nominees listed in the management proxy circular were successfully elected, reflecting strong shareholder support. This election reinforces the company’s governance structure and may influence its strategic direction, potentially impacting its market positioning and stakeholder relations.

Corby Spirit and Wine to Announce Q1 2026 Results and AGM Details

Corby Spirit and Wine Limited announced it will release its first quarter 2026 results on November 13, 2025, with a subsequent conference call for investors on November 14, 2025. The company has also filed its Management Information Circular for its annual general meeting, advising shareholders on voting procedures amid potential mail delivery disruptions. This announcement highlights Corby’s proactive communication with stakeholders and its strategic positioning in the market.

Corby Spirit and Wine Expands Stake in Ace Beverage and Refines Brand Portfolio

Corby Spirit and Wine Limited has increased its ownership stake in Ace Beverage Holdco Inc. to 95% by exercising a call option, strengthening its position in the Canadian ready-to-drink (RTD) market. This strategic move, along with the sale of non-core brands to Twenty Bench Brewing Company, aligns with Corby’s focus on core brand innovation and growth, enhancing its market presence and offering benefits to consumers, customers, and shareholders.