Swiss Water Decaffeinated Coffee Inc (TSE:SWP)
TSX:SWP
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Swiss Water Decaffeinated Coffee Inc
(TSX:SWP)
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Rating:57Neutral
Price Target:
C$5.00
▲(13.38% Upside)
Action:ReiteratedDate:03/14/26
The score is primarily driven by improving fundamentals—especially the sharp 2025 debt reduction and solid multi-year revenue growth—tempered by thin earnings and uneven cash flow. Technicals are mildly supportive with price above major moving averages, while the high P/E and mixed earnings-call risks (volatility, tariffs, rising costs) cap the overall score.
Positive Factors
Proprietary Process / Competitive Advantage
The proprietary Swiss Water Process is a durable competitive asset: it enables chemical-free decaffeination that resonates with specialty and premium roasters. That process creates customer differentiation, higher switching costs, and long-term demand from clean-label brand owners.
Negative Factors
Thin and Inconsistent Profitability
Net income is modest relative to revenue, with a small $1.6M profit in 2025 and a 2023 loss. Limited earnings power reduces internal funding for growth, provides little cushion against cost inflation, and makes margins vulnerable if volumes or prices slip.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary Process / Competitive Advantage
The proprietary Swiss Water Process is a durable competitive asset: it enables chemical-free decaffeination that resonates with specialty and premium roasters. That process creates customer differentiation, higher switching costs, and long-term demand from clean-label brand owners.
Read all positive factors
Swiss Water Decaffeinated Coffee Inc (SWP) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$46.29M
Dividend YieldN/A
Average Volume (3M)12.10K
Price to Earnings (P/E)26.9
Beta (1Y)0.50
Revenue Growth46.54%
EPS Growth968.67%
CountryCA
Employees85
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.13
Shares Outstanding9,544,552
10 Day Avg. Volume2,345
30 Day Avg. Volume12,097
Financial Highlights & Ratios
PEG Ratio1.17
Price to Book (P/B)0.72
Price to Sales (P/S)0.16
P/FCF Ratio7.01
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
Swiss Water Decaffeinated Coffee Inc Business Overview & Revenue Model
Company Description
Swiss Water Decaffeinated Coffee Inc. operates as a green coffee decaffeinator in Canada, the United States, and internationally. It decaffeinates and sells green coffees to specialty roaster retailers, specialty coffee importers, and commercial c...
How the Company Makes Money
SWP primarily makes money by providing fee-for-service decaffeination of green coffee. Customers (such as coffee roasters, coffee brands, and traders) send or source green coffee that is then processed at SWP’s facility using the Swiss Water Proce...
Swiss Water Decaffeinated Coffee Inc Earnings Call Summary
Earnings Call Date:Nov 06, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed sentiment. The company showcased strong performance with significant revenue growth and improved profitability, alongside successful debt reduction. However, ongoing challenges such as market volatility, the impact of Brazilian tariffs, and increased operating expenses posed significant hurdles.Positive Updates
Volume Growth and Strong Demand
Swiss Water Decaffeinated Coffee Inc. reported a 7% volume growth compared to Q3 last year, driven by strong demand for their chemical-free decaffeinated coffee and disciplined operations.
Negative Updates
Operational Challenges Due to Market Volatility
The NY'C' futures market remained inverted, causing ongoing short-term EBITDA impacts as hedge positions were rolled forward, leading to timing differences in financial results.
Read all updates
Q3-2025 Updates
Positive
Negative
Volume Growth and Strong Demand
Swiss Water Decaffeinated Coffee Inc. reported a 7% volume growth compared to Q3 last year, driven by strong demand for their chemical-free decaffeinated coffee and disciplined operations.
Read all positive updates
Company Guidance
In the third quarter of 2025, Swiss Water Decaffeinated Coffee Inc. reported a 7% increase in volume growth compared to the same period last year, driven by strong demand for their chemical-free decaffeinated coffee and strategic inventory management. The company achieved a 50% rise in revenue to $62.7 million, largely due to higher volumes and elevated coffee prices. Total shipped volumes increased by 7% year-over-year, while specialty volumes surged by 24%. The NY'C' futures market volatility and inversion impacted short-term EBITDA, although adjusted EBITDA rose by 52% to $3.3 million. The company continued to focus on debt reduction, cash generation, and maintaining a robust balance sheet, ending the quarter with $3.9 million in cash and net working capital of $38.8 million. Despite market challenges, Swiss Water maintained strong operational performance and financial flexibility, positioning themselves for continued steady results in the future.Swiss Water Decaffeinated Coffee Inc Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 258.72M | 173.13M | 166.28M | 176.94M | 125.08M |
| Gross Profit | 26.59M | 26.19M | 18.80M | 26.09M | 17.61M |
| EBITDA | 19.02M | 17.83M | 16.59M | 20.42M | 12.89M |
| Net Income | 1.56M | 1.27M | -528.00K | 2.39M | 496.00K |
Balance Sheet | |||||
| Total Assets | 208.86M | 216.92M | 200.34M | 219.04M | 168.25M |
| Cash, Cash Equivalents and Short-Term Investments | 6.61M | 8.51M | 11.09M | 3.76M | 4.25M |
| Total Debt | 110.94M | 117.60M | 116.58M | 115.68M | 88.57M |
| Total Liabilities | 150.13M | 162.05M | 144.48M | 164.13M | 112.65M |
| Stockholders Equity | 58.73M | 54.87M | 55.86M | 54.91M | 55.59M |
Cash Flow | |||||
| Free Cash Flow | 6.00M | 1.18M | 10.63M | -27.01M | -20.09M |
| Operating Cash Flow | 7.32M | 2.14M | 30.55M | -1.04M | -6.38M |
| Investing Cash Flow | -1.32M | -963.00K | -19.55M | -24.61M | -13.72M |
| Financing Cash Flow | -7.91M | -3.75M | -3.67M | 25.16M | 21.59M |
Swiss Water Decaffeinated Coffee Inc Technical Analysis
Positive
4.41
Price Trends
4.58
Positive
4.52
Positive
4.42
Positive
Market Momentum
0.05
Positive
58.27
Neutral
25.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SWP, the sentiment is Positive. The current price of 4.41 is below the 20-day moving average (MA) of 4.72, below the 50-day MA of 4.58, and below the 200-day MA of 4.42, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 58.27 is Neutral, neither overbought nor oversold. The STOCH value of 25.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SWP.
Swiss Water Decaffeinated Coffee Inc Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$18.01B | 19.22 | -1.32% | 1.89% | 5.37% | -135.85% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | C$46.29M | 26.92 | 2.73% | ― | 46.54% | 968.67% | |
53 Neutral | C$28.57M | 33.38 | ― | ― | 69.12% | 43.02% | |
48 Neutral | C$27.16M | -1.45 | -1208.82% | ― | 190.07% | -2.88% | |
46 Neutral | C$4.44B | 112.26 | 3.82% | 3.34% | 13.05% | -33.72% |
* Consumer Defensive Sector Average
TSE:SWP
Swiss Water Decaffeinated Coffee Inc
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Swiss Water Decaffeinated Coffee Inc Corporate Events
Business Operations and StrategyShareholder Meetings
Swiss Water Adopts Shareholder Rights Plan Ahead of 2026 AGM
Positive
Mar 17, 2026
Swiss Water Decaffeinated Coffee Inc. has adopted a shareholder rights plan, aligning with similar modern plans used by other Canadian public companies, and appointed Computershare Investor Services as rights agent. The plan is intended to give th...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Swiss Water Grows Revenue in Volatile Coffee Market but Feels Margin Pressure
Neutral
Mar 12, 2026
Swiss Water reported fiscal 2025 results showing a 2% increase in processed volumes and a 49% jump in revenue to $258.7 million, but net income remained modest at $1.6 million while adjusted EBITDA fell 21% amid extreme volatility in Arabica coffe...
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.