Good Drinks Australia (ASX:GDA) - Share price, News & Analysis

GDA fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	5/6
Financial Health	5/6
Dividends	0/6

GDA Stock Overview

Good Drinks Australia Limited engages in brewing, packaging, marketing, and selling beer, cider, and other beverages.

Rewards

Revenue is forecast to grow 48.6% per year

Earnings grew by 47.7% over the past year

Risk Analysis

Does not have a meaningful market cap (A$94M)

Good Drinks Australia Competitors

Australian Vintage

ASX:AVG

AU$169.1m

FFI Holdings

ASX:FFI

AU$54.8m

Maggie Beer Holdings

ASX:MBH

AU$130.2m

Lark Distilling

ASX:LRK

AU$241.0m

Price History & Performance

Summary of all time highs, changes and price drops for Good Drinks Australia
Historical stock prices
Current Share Price	AU$0.73
52 Week High	AU$0.96
52 Week Low	AU$0.66
Beta	1.43
1 Month Change	-2.67%
3 Month Change	-2.67%
1 Year Change	-15.12%
3 Year Change	-24.74%
5 Year Change	55.32%
Change since IPO	-81.75%

Recent News & Updates

Jul 18

Is There Now An Opportunity In Good Drinks Australia Limited (ASX:GDA)?

Good Drinks Australia Limited ( ASX:GDA ), is not the largest company out there, but it saw a decent share price growth...

Mar 31

Is Now The Time To Look At Buying Good Drinks Australia Limited (ASX:GDA)?

While Good Drinks Australia Limited ( ASX:GDA ) might not be the most widely known stock at the moment, it saw a...

Mar 17

Is Good Drinks Australia (ASX:GDA) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Feb 24

Good Drinks Australia Ltd's (ASX:GDA) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Most readers would already be aware that Good Drinks Australia's (ASX:GDA) stock increased significantly by 28% over...

Shareholder Returns

	GDA	AU Beverage	AU Market
7D	-2.0%	6.3%	0.8%
1Y	-15.1%	-2.5%	-4.9%

Return vs Industry: GDA underperformed the Australian Beverage industry which returned -1.1% over the past year.

Return vs Market: GDA underperformed the Australian Market which returned -4.8% over the past year.

Price Volatility

Is GDA's price volatile compared to industry and market?
GDA volatility
GDA Average Weekly Movement	6.3%
Beverage Industry Average Movement	6.3%
Market Average Movement	10.5%
10% most volatile stocks in AU Market	17.8%
10% least volatile stocks in AU Market	4.6%

Stable Share Price: GDA is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GDA's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2002	n/a	John Hoedemaker	https://gooddrinks.com.au

Good Drinks Australia Limited engages in brewing, packaging, marketing, and selling beer, cider, and other beverages. It offers its products under the Single Fin, Pipe Dreams, Little Dove, Side Track, Sleeping Giant, and Rock Dance brands. The company was formerly known as Gage Roads Brewing Co. Limited and changed its name to Good Drinks Australia Ltd in November 2020.

Good Drinks Australia Fundamentals Summary

How do Good Drinks Australia's earnings and revenue compare to its market cap?
GDA fundamental statistics
Market Cap	AU$93.74m
Earnings (TTM)	AU$3.21m
Revenue (TTM)	AU$59.44m

29.2x

P/E Ratio

1.6x

P/S Ratio

Is GDA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GDA income statement (TTM)
Revenue	AU$59.44m
Cost of Revenue	AU$20.94m
Gross Profit	AU$38.50m
Other Expenses	AU$35.29m
Earnings	AU$3.21m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.025
Gross Margin	64.77%
Net Profit Margin	5.41%
Debt/Equity Ratio	32.8%

How did GDA perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is GDA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GDA?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for GDA. This is calculated by dividing GDA's market cap by their current preferred multiple.
What is GDA's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	AU$93.74m

GDA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2x
Enterprise Value/EBITDA	16.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does GDA's PE Ratio compare to its peers?

GDA PE Ratio vs Peers

The above table shows the PE ratio for GDA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	28.8x
AVG Australian Vintage	10.4x	16.4%	AU$169.1m
FFI FFI Holdings	6.9x	n/a	AU$54.8m
MBH Maggie Beer Holdings	16.8x	n/a	AU$130.2m
LRK Lark Distilling	81.1x	42.6%	AU$241.0m
GDA Good Drinks Australia	29.2x	n/a	AU$93.7m

Price-To-Earnings vs Peers: GDA is expensive based on its Price-To-Earnings Ratio (29.2x) compared to the peer average (28.8x).

Price to Earnings Ratio vs Industry

How does GDA's PE Ratio compare vs other companies in the Global Beverage Industry?

Price-To-Earnings vs Industry: GDA is expensive based on its Price-To-Earnings Ratio (29.2x) compared to the Global Beverage industry average (21.4x)

Price to Earnings Ratio vs Fair Ratio

What is GDA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GDA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	29.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GDA's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of GDA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate GDA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GDA's fair value for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Good Drinks Australia forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

48.6%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GDA's forecast earnings growth is above the savings rate (1.8%).

Earnings vs Market: Insufficient data to determine if GDA's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if GDA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GDA's revenue (48.6% per year) is forecast to grow faster than the Australian market (6.2% per year).

High Growth Revenue: GDA's revenue (48.6% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if GDA's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has Good Drinks Australia performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

9.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GDA has high quality earnings.

Growing Profit Margin: GDA's current net profit margins (5.4%) are higher than last year (4.7%).

Past Earnings Growth Analysis

Earnings Trend: GDA's earnings have grown by 9.6% per year over the past 5 years.

Accelerating Growth: GDA's earnings growth over the past year (47.7%) exceeds its 5-year average (9.6% per year).

Earnings vs Industry: GDA earnings growth over the past year (47.7%) exceeded the Beverage industry 18.2%.

Return on Equity

High ROE: GDA's Return on Equity (5%) is considered low.

Discover strong past performing companies

Financial Health

How is Good Drinks Australia's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: GDA's short term assets (A$41.5M) exceed its short term liabilities (A$36.2M).

Long Term Liabilities: GDA's short term assets (A$41.5M) exceed its long term liabilities (A$24.0M).

Debt to Equity History and Analysis

Debt Level: GDA's net debt to equity ratio (18.4%) is considered satisfactory.

Reducing Debt: GDA's debt to equity ratio has increased from 7.5% to 32.8% over the past 5 years.

Debt Coverage: GDA's debt is well covered by operating cash flow (53.8%).

Interest Coverage: GDA's interest payments on its debt are well covered by EBIT (5.8x coverage).

Balance Sheet

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Dividend

What is Good Drinks Australia current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate GDA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GDA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GDA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GDA's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GDA has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

8.6yrs

Average management tenure

CEO

John Hoedemaker

11yrs

Tenure

AU$535,623

Compensation

Mr. John R. R. Hoedemaker, B.Com., is the Co-Founder of Good Drinks Australia Ltd and has been its Managing Director since August 17, 2011. Mr. Hoedemaker served as a Company Secretary of Gage Roads Brewin...

CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD370.52K) is above average for companies of similar size in the Australian market ($USD283.14K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: GDA's management team is seasoned and experienced (8.6 years average tenure).

Board Members

Experienced Board: GDA's board of directors are seasoned and experienced ( 14.8 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/08/18 00:00
End of Day Share Price	2022/08/18 00:00
Earnings	2021/12/31
Annual Earnings	2021/06/30