Financials The Artisanal Spirits Company plc

Equities

ART

GB00BNXM3P96

Distillers & Wineries

Delayed London S.E. Other stock markets 08:30:42 2024-07-03 am EDT			5-day change	1st Jan Change
40.98 ^GBX	-0.05%		+7.84%	-16.37%

May. 22	Powerhouse resolves claim; PCI-PAL wins court case	AN
May. 22	Transcript : The Artisanal Spirits Company plc - Shareholder/Analyst Call

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	67.87	48.84	34.57	28.93	-	-
Enterprise Value (EV) ¹	76.63	67.17	60.38	56.55	56.87	56.69
P/E ratio	-	-24.1 x	-8.91 x	-	-	-
Yield	-	-	-	-	-	-
Capitalization / Revenue	3.72 x	2.24 x	1.47 x	1.16 x	1.06 x	0.96 x
EV / Revenue	4.2 x	3.08 x	2.57 x	2.26 x	2.08 x	1.88 x
EV / EBITDA	-97.5 x	170 x	405 x	55.5 x	25.4 x	20.5 x
EV / FCF	-13.1 x	-7.87 x	-8.39 x	-28.9 x	-84.5 x	-312 x
FCF Yield	-7.64%	-12.7%	-11.9%	-3.46%	-1.18%	-0.32%
Price to Book	2.64 x	2.24 x	-	-	-	-
Nbr of stocks (in thousands)	69,606	69,777	70,560	70,560	-	-
Reference price ²	0.9750	0.7000	0.4900	0.4100	0.4100	0.4100
Announcement Date	3/29/22	3/29/23	3/27/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	15.03	18.24	21.78	23.5	25.02	27.35	30.22
EBITDA ¹	-	-0.786	0.395	0.149	1.02	2.243	2.762
EBIT ¹	-	-1.632	-0.865	-2.138	-0.9924	0.2785	0.7812
Operating Margin	-	-8.95%	-3.97%	-9.1%	-3.97%	1.02%	2.58%
Earnings before Tax (EBT)	-	-	-2.072	-	-	-	-
Net income	-	-	-1.713	-	-	-	-
Net margin	-	-	-7.86%	-	-	-	-
EPS	-0.1220	-	-0.0290	-0.0550	-	-	-
Free Cash Flow ¹	-	-5.853	-8.537	-7.198	-1.959	-0.673	-0.1818
FCF margin	-	-32.09%	-39.19%	-30.63%	-7.83%	-2.46%	-0.6%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	-	-	-
Announcement Date	6/3/21	3/29/22	3/29/23	3/27/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 S1
Net sales ¹	10.23
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	-3.593
Net margin	-35.14%
EPS	-
Dividend per Share	-
Announcement Date	9/18/23

¹GBP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	8.77	18.3	25.8	27.6	27.9	27.8
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-11.15 x	46.4 x	173.2 x	27.09 x	12.46 x	10.05 x
Free Cash Flow ¹	-	-5.85	-8.54	-7.2	-1.96	-0.67	-0.18
ROE (net income / shareholders' equity)	-	-	-	-	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets	-	-	-	-	-	-	-
Book Value Per Share	-	0.3700	0.3100	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	1.1	2.91	-	-	-	-
Capex / Sales	-	6.04%	13.36%	-	-	-	-
Announcement Date	6/3/21	3/29/22	3/29/23	3/27/24	-	-	-

¹GBP in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for The Artisanal Spirits Company plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.41 GBP

Average target price

0.975 GBP

Spread / Average Target

+137.80%

Consensus

Annual profits - Rate of surprise

Company calendar

Sector Distilleries

	1st Jan change	Capi.
THE ARTISANAL SPIRITS COMPANY PLC	-16.37%	36.68M
KWEICHOW MOUTAI CO., LTD.	-13.63%	258B
WULIANGYE YIBIN CO.,LTD.	-6.24%	70.23B
SHANXI XINGHUACUN FEN WINE FACTORY CO.,LTD.	-9.57%	35.01B
LUZHOU LAOJIAO CO.,LTD	-19.75%	29.15B
JIANGSU YANGHE DISTILLERY CO., LTD.	-27.24%	16.57B
ANHUI GUJING DISTILLERY CO., LTD.	-9.93%	13.56B
DAVIDE CAMPARI-MILANO N.V.	-15.09%	11.03B
UNITED SPIRITS LIMITED	+13.76%	10.85B
JIANGSU KING'S LUCK BREWERY JOINT-STOCK CO.,LTD.	-1.37%	8.24B

Distilleries