Lark Distilling Co. Ltd produces single malt whisky.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$5.52|
|52 Week High||AU$1.34|
|52 Week Low||AU$5.60|
|1 Month Change||15.00%|
|3 Month Change||11.29%|
|1 Year Change||308.89%|
|3 Year Change||308.89%|
|5 Year Change||206.67%|
|Change since IPO||-98.77%|
Recent News & Updates
Lark Distilling's (ASX:LRK) Robust Earnings Are Not All Good News For Shareholders
We didn't see Lark Distilling Co. Ltd's ( ASX:LRK ) stock surge when it reported robust earnings recently. We decided...
|LRK||AU Beverage||AU Market|
Return vs Industry: LRK exceeded the Australian Beverage industry which returned 32.6% over the past year.
Return vs Market: LRK exceeded the Australian Market which returned 20.3% over the past year.
Stable Share Price: LRK is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: LRK's weekly volatility (6%) has been stable over the past year.
About the Company
Lark Distilling Co. Ltd produces single malt whisky. It also offers spirits and liqueurs, gin, slainte, brandy, rum, and sanitizers. The company was formerly known as Australian Whisky Holdings Limited and changed its name to Lark Distilling Co. Ltd in May 2020.
Lark Distilling Fundamentals Summary
|LRK fundamental statistics|
Is LRK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LRK income statement (TTM)|
|Cost of Revenue||AU$7.89m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.055|
|Net Profit Margin||20.80%|
How did LRK perform over the long term?See historical performance and comparison
Is Lark Distilling undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LRK (A$5.52) is trading below our estimate of fair value (A$13.04)
Significantly Below Fair Value: LRK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LRK is poor value based on its PE Ratio (101.2x) compared to the Oceanic Beverage industry average (26.7x).
PE vs Market: LRK is poor value based on its PE Ratio (101.2x) compared to the Australian market (19.9x).
Price to Earnings Growth Ratio
PEG Ratio: LRK is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: LRK is overvalued based on its PB Ratio (6.9x) compared to the AU Beverage industry average (2.1x).
How is Lark Distilling forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LRK's forecast earnings growth (46.7% per year) is above the savings rate (1.9%).
Earnings vs Market: LRK's earnings (46.7% per year) are forecast to grow faster than the Australian market (11.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LRK's revenue (40.7% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: LRK's revenue (40.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LRK's Return on Equity is forecast to be high in 3 years time (20.6%)
How has Lark Distilling performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LRK has a high level of non-cash earnings.
Growing Profit Margin: LRK became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: LRK has become profitable over the past 5 years, growing earnings by 18.8% per year.
Accelerating Growth: LRK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: LRK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Beverage industry (25.3%).
Return on Equity
High ROE: LRK's Return on Equity (6.8%) is considered low.
How is Lark Distilling's financial position?
Financial Position Analysis
Short Term Liabilities: LRK's short term assets (A$18.6M) exceed its short term liabilities (A$3.4M).
Long Term Liabilities: LRK's short term assets (A$18.6M) exceed its long term liabilities (A$6.6M).
Debt to Equity History and Analysis
Debt Level: LRK's debt to equity ratio (9.9%) is considered satisfactory.
Reducing Debt: LRK's debt to equity ratio has reduced from 77.3% to 9.9% over the past 5 years.
Debt Coverage: LRK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LRK's interest payments on its debt are well covered by EBIT (3.4x coverage).
What is Lark Distilling current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LRK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LRK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LRK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LRK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LRK's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Geoff Bainbridge has been Managing Director and Executive Director of Lark Distilling Co. Ltd (formerly known as Australian Whisky Holdings Limited) since October 4, 2019. He was a Non Executive Dire...
CEO Compensation Analysis
Compensation vs Market: Geoff's total compensation ($USD431.46K) is about average for companies of similar size in the Australian market ($USD549.23K).
Compensation vs Earnings: Geoff's compensation has been consistent with company performance over the past year.
Experienced Management: LRK's management team is considered experienced (2 years average tenure).
Experienced Board: LRK's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Lark Distilling Co. Ltd's employee growth, exchange listings and data sources
- Name: Lark Distilling Co. Ltd
- Ticker: LRK
- Exchange: ASX
- Founded: 1839
- Industry: Distillers and Vintners
- Sector: Food, Beverage & Tobacco
- Market Cap: AU$348.345m
- Shares outstanding: 63.11m
- Website: https://www.larkdistillery.com
- Lark Distilling Co. Ltd
- 30 Argyle Street
- Level 1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 15:41|
|End of Day Share Price||2021/10/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.