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Corby Spirit&Wn B NV (TSE:CSW.B)
TSX:CSW.B
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Corby Spirit&Wn B NV
(TSX:CSW.B)
79Outperform
Corby Spirit&Wn B NV (CSW.B) vs. S&P 500 (SPY)
Market Cap
C$418.27M
Dividend Yield6.52%
Average Volume (3M)3.75K
Price to Earnings (P/E)14.6
Beta (1Y)0.17
Revenue Growth26.49%
EPS Growth29.14%
CountryCA
Employees192
SectorConsumer Defensive
Sector Strength77
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)0.92
Shares Outstanding4,194,536
10 Day Avg. Volume2,866
30 Day Avg. Volume3,753
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
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
Corby Spirit&Wn B NV Business Overview & Revenue Model
Company DescriptionCorby Spirit and Wine Limited (CSW.B) is a leading Canadian manufacturer, marketer, and distributor of spirits and wines. The company is known for its diverse portfolio of owned and represented brands, including some of Canada's most renowned and enduring labels. Operating primarily within the alcoholic beverage industry, Corby Spirit and Wine focuses on producing high-quality products that cater to a wide range of consumer preferences, both domestically and internationally.
How the Company Makes MoneyCorby Spirit and Wine Limited generates revenue through the sale of its owned brands and the representation of international brands in Canada. The company owns several popular Canadian spirits brands, such as J.P. Wiser's Canadian Whisky, Lamb's Rum, and Polar Ice Vodka. Additionally, Corby represents Pernod Ricard's brands, including Absolut Vodka, Chivas Regal, and Jameson Irish Whiskey, among others, in the Canadian market. The company earns money through wholesale distribution to liquor boards and retailers, as well as direct sales in some regions. Corby's strategic partnerships with global spirits companies and its focus on brand innovation and marketing also contribute significantly to its financial performance.
Corby Spirit&Wn B NV Financial Statement Overview
Summary
Corby Spirit & Wine shows strong financial health with robust revenue and profit growth, efficient operations, and strong cash flow generation. The balance sheet is solid, but rising leverage needs monitoring.Income Statement
The company exhibits strong profitability with a consistent gross profit margin around 50%. The net profit margin remains healthy, and there is a solid revenue growth trend with TTM revenues up significantly from the previous year. EBIT and EBITDA margins are robust, showcasing efficient operational management.85
Very Positive
Balance Sheet
The balance sheet is strong, with a healthy equity ratio indicating strong capitalization. However, the debt-to-equity ratio has increased, suggesting rising leverage. ROE is solid, indicating efficient use of equity to generate profits.72
Positive
Cash Flow
Operating cash flow is strong and covers net income comfortably, reflecting good cash conversion. Free cash flow has grown, indicating strong cash generation capabilities. However, fluctuations in investing and financing cash flows suggest some volatility in cash management strategies.78
Positive
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 229.66M | 162.96M | 159.39M | 159.78M | 153.36M | Gross Profit |
| 115.77M | 94.11M | 96.14M | 97.71M | 92.92M | EBIT |
| 40.74M | 28.34M | 32.67M | 41.49M | 35.88M | EBITDA |
| 57.11M | 44.95M | 47.11M | 53.35M | 47.09M | Net Income Common Stockholders |
| 23.91M | 21.96M | 23.40M | 30.59M | 26.65M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 32.00M | 155.01M | 52.46M | 94.40M | 81.68M | Total Assets |
| 420.48M | 362.60M | 253.51M | 254.22M | 234.38M | Total Debt |
| 140.84M | 101.63M | 3.70M | 4.36M | 4.92M | Net Debt |
| 136.19M | -53.38M | -48.76M | -90.04M | -76.76M | Total Liabilities |
| 222.67M | 182.61M | 70.31M | 66.42M | 61.76M | Stockholders Equity |
| 181.60M | 180.00M | 183.21M | 187.81M | 172.62M |
| Cash Flow | Free Cash Flow | |||
| 28.24M | 30.71M | -14.18M | 37.57M | 46.27M | Operating Cash Flow |
| 31.52M | 35.43M | 45.52M | 40.76M | 49.54M | Investing Cash Flow |
| -23.74M | -107.00M | -17.72M | -15.29M | -23.49M | Financing Cash Flow |
| -3.13M | 71.57M | -27.80M | -25.47M | -26.05M |
Corby Spirit&Wn B NV Technical Analysis
Positive
13.49
Price Trends
13.48
Positive
12.79
Positive
12.32
Positive
Market Momentum
0.05
Negative
54.28
Neutral
85.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CSW.B, the sentiment is Positive. The current price of 13.49 is below the 20-day moving average (MA) of 13.52, above the 50-day MA of 13.48, and above the 200-day MA of 12.32, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 54.28 is Neutral, neither overbought nor oversold. The STOCH value of 85.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CSW.B.
Corby Spirit&Wn B NV Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Performance Comparison
TSE:CSW.B
Corby Spirit&Wn B NV
13.49
2.11
18.54%
TSE:ADW.A
Andrew Peller A NV
4.38
0.74
20.33%
Corby Spirit&Wn B NV Earnings Call Summary
Earnings Call Date:Feb 12, 2025
(Q2-2025)
| % Change Since: 8.88%|
Next Earnings Date:May 14, 2025
Earnings Call Sentiment Positive
Corby Spirit and Wine's earnings call reflected a very strong performance, with significant revenue growth and successful integration of acquisitions, despite challenges like increased interest charges and a decline in the international segment. The company outperformed the declining spirits market and increased dividends, demonstrating robust financial health.Q2-2025 Updates
Positive Updates
Double-Digit Revenue Growth
Corby Spirit and Wine reported a double-digit revenue growth of 11% for the first half of FY 2025 and 10% for Q2, driven by the inclusion of Nude sales and strong organic growth.
Successful Acquisition and Integration
The acquisition of Nude and ABG has been successfully integrated, contributing significantly to the revenue growth and operational synergies.
Dividend Increase
The Board declared a 5% increase in the quarterly dividend to $0.23 per share, marking the second increase in six months.
Strong Cash Flow
Corby delivered cash from operating activities of $35.6 million in H1, a $14.4 million improvement from the prior year.
Market Outperformance
Despite a declining spirits market, Corby's spirits portfolio performance was nearly flat at -0.3%, outperforming the market decline of 2%.
Negative Updates
Interest Charges
Increased interest charges related to the loan contracted to acquire ABG impacted net earnings.
Decline in International Case Goods
International case goods revenue was down 9% year-over-year, affected by lapping the pipeline fill to new markets last year.
Spirit Market Decline
The overall spirit market has experienced a moderate decline over the last 12 months, with only the ready-to-drink category growing.
Company Guidance
During Corby Spirit and Wine's fiscal year 2025 second-quarter conference call, the company reported strong financial results, highlighting a 10% increase in Q2 revenue to $61.7 million, notably driven by the inclusion of $3 million from the Nude acquisition. Organic revenue grew by 5%, while adjusted EBITDA rose 10% to $17.2 million. Despite higher interest charges due to a loan for acquiring ABG, adjusted net earnings per share increased by 8% to $0.30. The first half of FY 2025 saw revenue rise by 11% to $126.8 million, with organic growth at 4%, fueled by a robust RTD portfolio and strategic channel expansions. The company maintained a solid balance sheet, with a net debt-to-adjusted EBITDA ratio of 1.3 times, and declared a quarterly dividend of $0.23 per share, marking a 5% increase. Corby continues to focus on sustainable growth, innovation, and efficiency, particularly in its RTD and tequila segments, while navigating market challenges such as U.S. tariff threats.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.