View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsMighty Craft 과거 순이익 실적과거 기준 점검 2/6Mighty Craft은 연평균 17%의 비율로 수입이 증가해 온 반면, Hospitality 산업은 수입이 11.6% 증가했습니다. 매출은 연평균 50.6%의 비율로 증가했습니다. Mighty Craft의 자기자본이익률은 52.5%이고 순이익률은 9.9%입니다.핵심 정보17.02%순이익 성장률38.66%주당순이익(EPS) 성장률Hospitality 산업 성장률-5.40%매출 성장률50.57%자기자본이익률52.51%순이익률9.92%최근 순이익 업데이트31 Dec 2023최근 과거 실적 업데이트Reported Earnings • Aug 30Full year 2023 earnings released: EPS: AU$0.029 (vs AU$0.056 loss in FY 2022)Full year 2023 results: EPS: AU$0.029 (up from AU$0.056 loss in FY 2022). Revenue: AU$112.7m (up 80% from FY 2022). Net income: AU$9.73m (up AU$27.0m from FY 2022). Profit margin: 8.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.공시 • Aug 10Mighty Craft Limited to Report Fiscal Year 2023 Results on Aug 29, 2023Mighty Craft Limited announced that they will report fiscal year 2023 results on Aug 29, 2023Reported Earnings • Feb 28First half 2023 earnings releasedFirst half 2023 results: Revenue: AU$45.2m (up 75% from 1H 2022). Net loss: AU$5.30m (loss widened 2.9% from 1H 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Australia.공시 • Jan 24Mighty Craft Limited to Report Q2, 2023 Results on Jan 30, 2023Mighty Craft Limited announced that they will report Q2, 2023 results on Jan 30, 2023모든 업데이트 보기Recent updatesNew Risk • May 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (32% average weekly change). High level of non-cash earnings (42% accrual ratio). Market cap is less than US$10m (AU$2.58m market cap, or US$1.71m). Minor Risk Shareholders have been diluted in the past year (2.6% increase in shares outstanding).공시 • Apr 05Mighty Craft Limited Announces Changes of Company SecretaryMighty Craft Limited announced the appointments of Charly Duffy and Ben Malone as Joint Company Secretaries, upon the resignation of Andrew Syme as Company Secretary, effective immediately. Charly is a practising corporate and commercial lawyer who has comprehensive experience working with ASX-listed companies in both a legal and company secretarial capacity. Charly has completed the Graduate Diploma in Applied Corporate Governance with the Governance Institute of Australia and is a Fellow Member of Governance Institute of Australia and Chartered Governance Institute. Ben is a Chartered Accountant with extensive CFO experience at several ASX-listed entities. He is a Graduate Member of the Australian Institute of Company Directors.New Risk • Mar 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. High level of non-cash earnings (42% accrual ratio). Market cap is less than US$10m (AU$5.11m market cap, or US$3.32m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding).공시 • Feb 15Deale and Elisa-Stanley-Hunt, the original founders of Slipstream Brewing Co Pty Ltd agreed to acquire an unknown stake in Slipstream Brewing Co Pty Ltd. from Mighty Craft Limited (ASX:MCL).Deale and Elisa-Stanley-Hunt, the original founders of Slipstream Brewing Co Pty Ltd agreed to acquire an unknown stake in Slipstream Brewing Co Pty Ltd. from Mighty Craft Limited (ASX:MCL) on February 15, 2024. The consideration consists of AUD 0.85 million in cash. As part of the consideration, AUD 0.85 million was paid towards common equity.Board Change • Dec 28No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Sean Ebert is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.공시 • Dec 16Mighty Craft Limited has completed a Follow-on Equity Offering in the amount of AUD 5.2 million.Mighty Craft Limited has completed a Follow-on Equity Offering in the amount of AUD 5.2 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 35,172,413 Price\Range: AUD 0.145 Discount Per Security: AUD 0.0087 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 689,655 Price\Range: AUD 0.145 Discount Per Security: AUD 0.0087 Transaction Features: Subsequent Direct Listing공시 • Nov 29Mighty Craft Limited Announces the Appointment of Grant Peck as Non-Executive ChairMighty Craft Limited announced the appointment of Grant Peck to its Board of Directors as non-executive Chair, effective 27 November, 2023. Grant has been involved in the beverage industry over the last three decades and has had leadership roles with Lion Nathan in the 1990's, then Beringer Blass and then Foster's Group in the period between 2004 and 2016 including when it was owned by global brewer SAB Miller. Mr. Peck is a Chartered Accountant with extensive beverage experience in CFO roles with CUB, Beringer Blass and McCormick Foods - a NYSE listed consumer foods group. In addition, Grant managed the CUB supply chain for an extended period when the business was a multi-beverage model. Grant also has managed smaller enterprises with time in the Agrifoods space with Sunny Ridge Farms. Most recently Grant was CEO of the ASX listed small cap McPhersons Limited, where he had originally been in a Non-Executive Director role and head of the Audit and Risk Committee.New Risk • Nov 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 26% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). High level of non-cash earnings (24% accrual ratio). Market cap is less than US$10m (AU$4.37m market cap, or US$2.84m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).공시 • Nov 15+ 1 more updateMighty Craft Limited Announces Executive ChangesThe Board of Mighty Craft Limited announced the appointment of Katie McNamara as Managing Director, effective immediately following its strategic review process announced to the ASX on the 11th of May 2023. Katie has been a Non-Executive Director of Mighty Craft since 17th April 2023, and has been integral in the Board-led Strategic review, development, and execution. As a senior executive and management consultant, Katie brings experience across a broad range of functional areas, with a focus on consumer, FMCG and retail. She has over 25 years operational experience in senior executive and consultancy roles across Australia, Europe, United States and Asia, and has deep experience in beverage alcohol, having been on the senior executive at Foster's Group as Director of Strategy and M&A prior to, leading up and post the Demerger of Treasury Wine Estates. In addition to leading operational improvements across each stage of the value chain in her time at Foster's, she also led the China strategy development for TWE, as well as leading a number of consulting engagements for global spirits and beer companies in China, India, USA and Australia. Initially the term of the appointment is until June 30, 2024 at which point the company will enter discussions around potential full-time employment. The company thank Jess Lyons for her efforts as Acting CEO over the past few months as the company have been completing the Strategic Review.공시 • Sep 20Mighty Craft Limited, Annual General Meeting, Nov 14, 2023Mighty Craft Limited, Annual General Meeting, Nov 14, 2023.Reported Earnings • Aug 30Full year 2023 earnings released: EPS: AU$0.029 (vs AU$0.056 loss in FY 2022)Full year 2023 results: EPS: AU$0.029 (up from AU$0.056 loss in FY 2022). Revenue: AU$112.7m (up 80% from FY 2022). Net income: AU$9.73m (up AU$27.0m from FY 2022). Profit margin: 8.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.New Risk • Aug 29New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.5m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 43% per year over the past 5 years. Market cap is less than US$10m (AU$10.9m market cap, or US$7.04m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (11% increase in shares outstanding).공시 • Aug 26Mighty Craft Limited Announces the Resignation Of Trevor O'hoy from its Board of DirectorsMighty Craft Limited announced the resignation Of Trevor O'Hoy from its Board of Directors effective 25 August.공시 • Aug 10Mighty Craft Limited to Report Fiscal Year 2023 Results on Aug 29, 2023Mighty Craft Limited announced that they will report fiscal year 2023 results on Aug 29, 2023New Risk • Aug 04New major risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$15.3m (US$10.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.5m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 43% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$15.3m market cap, or US$10.0m).공시 • Jul 12Mighty Craft Limited Provides Earnings Guidance for the Fourth Quarter 2023Mighty Craft Limited provided earnings guidance for the fourth quarter 2023. The company expects sales to be in the range of $21.0 million - $22.0 million, representing approximately a 7.5% decline versus fourth quarter 2022 despite strong growth from Better Beer and delivery of the 10 million litre commitment in year 2023.New Risk • Jun 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.5m free cash flow). Earnings have declined by 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (9.7% increase in shares outstanding). Market cap is less than US$100m (AU$25.2m market cap, or US$17.0m).공시 • Jun 22+ 1 more updateMighty Craft Limited Announces CEO ChangesMighty Craft Limited announced that Mark Haysman has tendered his resignation as CEO effective on 3 July 2023. The Board has appointed Jess Lyons as Acting Chief Executive Officer.Reported Earnings • Feb 28First half 2023 earnings releasedFirst half 2023 results: Revenue: AU$45.2m (up 75% from 1H 2022). Net loss: AU$5.30m (loss widened 2.9% from 1H 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Australia.공시 • Jan 24Mighty Craft Limited to Report Q2, 2023 Results on Jan 30, 2023Mighty Craft Limited announced that they will report Q2, 2023 results on Jan 30, 2023Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Co-Founder, GM of Beer & Non-Executive Director Dan Wales was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Oct 29No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Founder, GM of Beer & Non-Executive Director Dan Wales was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.매출 및 비용 세부 내역Mighty Craft가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이CHIA:MCL 매출, 비용 및 순이익 (AUD Millions)날짜매출순이익일반관리비연구개발비31 Dec 238899030 Sep 2386911030 Jun 23831012031 Mar 2358-311031 Dec 2255-1711030 Sep 2256-1711030 Jun 2256-1711031 Dec 2133-139030 Sep 2127-138030 Jun 2120-137031 Mar 2123-137031 Dec 2016-116030 Sep 2013-106030 Jun 209-95031 Mar 208-75031 Dec 197-54030 Sep 195-32030 Jun 194-21030 Jun 180000양질의 수익: MCL의 비현금 수익 수준이 높습니다.이익 마진 증가: MCL는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: MCL는 지난 5년 동안 흑자전환하며 연평균 17%의 수익 성장을 기록했습니다.성장 가속화: MCL는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: MCL는 지난해 흑자전환하여 지난 해 수익 성장률을 Hospitality 업계(45.7%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: MCL의 자본 수익률(52.51%)은 뛰어남이지만 높은 부채 수준으로 인해 왜곡되어 있습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/08/29 02:59종가2024/07/18 00:00수익2023/12/31연간 수익2023/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Mighty Craft Limited는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Allan FranklinCanaccord Genuity
Reported Earnings • Aug 30Full year 2023 earnings released: EPS: AU$0.029 (vs AU$0.056 loss in FY 2022)Full year 2023 results: EPS: AU$0.029 (up from AU$0.056 loss in FY 2022). Revenue: AU$112.7m (up 80% from FY 2022). Net income: AU$9.73m (up AU$27.0m from FY 2022). Profit margin: 8.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
공시 • Aug 10Mighty Craft Limited to Report Fiscal Year 2023 Results on Aug 29, 2023Mighty Craft Limited announced that they will report fiscal year 2023 results on Aug 29, 2023
Reported Earnings • Feb 28First half 2023 earnings releasedFirst half 2023 results: Revenue: AU$45.2m (up 75% from 1H 2022). Net loss: AU$5.30m (loss widened 2.9% from 1H 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Australia.
공시 • Jan 24Mighty Craft Limited to Report Q2, 2023 Results on Jan 30, 2023Mighty Craft Limited announced that they will report Q2, 2023 results on Jan 30, 2023
New Risk • May 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (32% average weekly change). High level of non-cash earnings (42% accrual ratio). Market cap is less than US$10m (AU$2.58m market cap, or US$1.71m). Minor Risk Shareholders have been diluted in the past year (2.6% increase in shares outstanding).
공시 • Apr 05Mighty Craft Limited Announces Changes of Company SecretaryMighty Craft Limited announced the appointments of Charly Duffy and Ben Malone as Joint Company Secretaries, upon the resignation of Andrew Syme as Company Secretary, effective immediately. Charly is a practising corporate and commercial lawyer who has comprehensive experience working with ASX-listed companies in both a legal and company secretarial capacity. Charly has completed the Graduate Diploma in Applied Corporate Governance with the Governance Institute of Australia and is a Fellow Member of Governance Institute of Australia and Chartered Governance Institute. Ben is a Chartered Accountant with extensive CFO experience at several ASX-listed entities. He is a Graduate Member of the Australian Institute of Company Directors.
New Risk • Mar 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. High level of non-cash earnings (42% accrual ratio). Market cap is less than US$10m (AU$5.11m market cap, or US$3.32m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding).
공시 • Feb 15Deale and Elisa-Stanley-Hunt, the original founders of Slipstream Brewing Co Pty Ltd agreed to acquire an unknown stake in Slipstream Brewing Co Pty Ltd. from Mighty Craft Limited (ASX:MCL).Deale and Elisa-Stanley-Hunt, the original founders of Slipstream Brewing Co Pty Ltd agreed to acquire an unknown stake in Slipstream Brewing Co Pty Ltd. from Mighty Craft Limited (ASX:MCL) on February 15, 2024. The consideration consists of AUD 0.85 million in cash. As part of the consideration, AUD 0.85 million was paid towards common equity.
Board Change • Dec 28No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Sean Ebert is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.
공시 • Dec 16Mighty Craft Limited has completed a Follow-on Equity Offering in the amount of AUD 5.2 million.Mighty Craft Limited has completed a Follow-on Equity Offering in the amount of AUD 5.2 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 35,172,413 Price\Range: AUD 0.145 Discount Per Security: AUD 0.0087 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 689,655 Price\Range: AUD 0.145 Discount Per Security: AUD 0.0087 Transaction Features: Subsequent Direct Listing
공시 • Nov 29Mighty Craft Limited Announces the Appointment of Grant Peck as Non-Executive ChairMighty Craft Limited announced the appointment of Grant Peck to its Board of Directors as non-executive Chair, effective 27 November, 2023. Grant has been involved in the beverage industry over the last three decades and has had leadership roles with Lion Nathan in the 1990's, then Beringer Blass and then Foster's Group in the period between 2004 and 2016 including when it was owned by global brewer SAB Miller. Mr. Peck is a Chartered Accountant with extensive beverage experience in CFO roles with CUB, Beringer Blass and McCormick Foods - a NYSE listed consumer foods group. In addition, Grant managed the CUB supply chain for an extended period when the business was a multi-beverage model. Grant also has managed smaller enterprises with time in the Agrifoods space with Sunny Ridge Farms. Most recently Grant was CEO of the ASX listed small cap McPhersons Limited, where he had originally been in a Non-Executive Director role and head of the Audit and Risk Committee.
New Risk • Nov 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 26% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). High level of non-cash earnings (24% accrual ratio). Market cap is less than US$10m (AU$4.37m market cap, or US$2.84m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).
공시 • Nov 15+ 1 more updateMighty Craft Limited Announces Executive ChangesThe Board of Mighty Craft Limited announced the appointment of Katie McNamara as Managing Director, effective immediately following its strategic review process announced to the ASX on the 11th of May 2023. Katie has been a Non-Executive Director of Mighty Craft since 17th April 2023, and has been integral in the Board-led Strategic review, development, and execution. As a senior executive and management consultant, Katie brings experience across a broad range of functional areas, with a focus on consumer, FMCG and retail. She has over 25 years operational experience in senior executive and consultancy roles across Australia, Europe, United States and Asia, and has deep experience in beverage alcohol, having been on the senior executive at Foster's Group as Director of Strategy and M&A prior to, leading up and post the Demerger of Treasury Wine Estates. In addition to leading operational improvements across each stage of the value chain in her time at Foster's, she also led the China strategy development for TWE, as well as leading a number of consulting engagements for global spirits and beer companies in China, India, USA and Australia. Initially the term of the appointment is until June 30, 2024 at which point the company will enter discussions around potential full-time employment. The company thank Jess Lyons for her efforts as Acting CEO over the past few months as the company have been completing the Strategic Review.
공시 • Sep 20Mighty Craft Limited, Annual General Meeting, Nov 14, 2023Mighty Craft Limited, Annual General Meeting, Nov 14, 2023.
Reported Earnings • Aug 30Full year 2023 earnings released: EPS: AU$0.029 (vs AU$0.056 loss in FY 2022)Full year 2023 results: EPS: AU$0.029 (up from AU$0.056 loss in FY 2022). Revenue: AU$112.7m (up 80% from FY 2022). Net income: AU$9.73m (up AU$27.0m from FY 2022). Profit margin: 8.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
New Risk • Aug 29New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.5m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 43% per year over the past 5 years. Market cap is less than US$10m (AU$10.9m market cap, or US$7.04m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (11% increase in shares outstanding).
공시 • Aug 26Mighty Craft Limited Announces the Resignation Of Trevor O'hoy from its Board of DirectorsMighty Craft Limited announced the resignation Of Trevor O'Hoy from its Board of Directors effective 25 August.
공시 • Aug 10Mighty Craft Limited to Report Fiscal Year 2023 Results on Aug 29, 2023Mighty Craft Limited announced that they will report fiscal year 2023 results on Aug 29, 2023
New Risk • Aug 04New major risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$15.3m (US$10.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.5m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 43% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$15.3m market cap, or US$10.0m).
공시 • Jul 12Mighty Craft Limited Provides Earnings Guidance for the Fourth Quarter 2023Mighty Craft Limited provided earnings guidance for the fourth quarter 2023. The company expects sales to be in the range of $21.0 million - $22.0 million, representing approximately a 7.5% decline versus fourth quarter 2022 despite strong growth from Better Beer and delivery of the 10 million litre commitment in year 2023.
New Risk • Jun 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.5m free cash flow). Earnings have declined by 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (9.7% increase in shares outstanding). Market cap is less than US$100m (AU$25.2m market cap, or US$17.0m).
공시 • Jun 22+ 1 more updateMighty Craft Limited Announces CEO ChangesMighty Craft Limited announced that Mark Haysman has tendered his resignation as CEO effective on 3 July 2023. The Board has appointed Jess Lyons as Acting Chief Executive Officer.
Reported Earnings • Feb 28First half 2023 earnings releasedFirst half 2023 results: Revenue: AU$45.2m (up 75% from 1H 2022). Net loss: AU$5.30m (loss widened 2.9% from 1H 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Australia.
공시 • Jan 24Mighty Craft Limited to Report Q2, 2023 Results on Jan 30, 2023Mighty Craft Limited announced that they will report Q2, 2023 results on Jan 30, 2023
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Co-Founder, GM of Beer & Non-Executive Director Dan Wales was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Oct 29No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Founder, GM of Beer & Non-Executive Director Dan Wales was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.