LSE:STCK

Stock Analysis Report

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Executive Summary

Stock Spirits Group PLC produces and distributes branded spirits in Central and Eastern Europe, and Italy. More Details


Snowflake Analysis

Flawless balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Stock Spirits Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: STCK is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

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


Market Performance


7 Day Return

4.1%

STCK

-4.4%

GB Beverage

-1.7%

GB Market


1 Year Return

31.4%

STCK

-11.5%

GB Beverage

-8.7%

GB Market

Return vs Industry: STCK exceeded the UK Beverage industry which returned -11.5% over the past year.

Return vs Market: STCK exceeded the UK Market which returned -8.7% over the past year.


Shareholder returns

STCKIndustryMarket
7 Day4.1%-4.4%-1.7%
30 Day8.0%-1.4%3.7%
90 Day23.4%11.4%14.8%
1 Year36.2%31.4%-9.3%-11.5%-4.9%-8.7%
3 Year-0.3%-9.7%15.8%7.4%3.7%-9.0%
5 Year202.4%139.9%80.5%58.6%47.0%13.7%

Long-Term Price Volatility Vs. Market

How volatile is Stock Spirits Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Stock Spirits Group undervalued compared to its fair value and its price relative to the market?

12.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: STCK (£2.83) is trading below our estimate of fair value (£3.22)

Significantly Below Fair Value: STCK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: STCK is poor value based on its PE Ratio (32.3x) compared to the GB Beverage industry average (28.6x).

PE vs Market: STCK is poor value based on its PE Ratio (32.3x) compared to the UK market (22.6x).


Price to Earnings Growth Ratio

PEG Ratio: STCK is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: STCK is good value based on its PB Ratio (1.8x) compared to the GB Beverage industry average (3.2x).


Next Steps

Future Growth

How is Stock Spirits Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

22.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STCK's forecast earnings growth (22.1% per year) is above the savings rate (1%).

Earnings vs Market: STCK's earnings (22.1% per year) are forecast to grow slower than the UK market (26% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: STCK's revenue (1.9% per year) is forecast to grow slower than the UK market (6.5% per year).

High Growth Revenue: STCK's revenue (1.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: STCK's Return on Equity is forecast to be low in 3 years time (11.1%).


Next Steps

Past Performance

How has Stock Spirits Group performed over the past 5 years?

3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STCK has a large one-off loss of €24.5M impacting its September 30 2020 financial results.

Growing Profit Margin: STCK's current net profit margins (5.7%) are lower than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: STCK's earnings have grown by 3.5% per year over the past 5 years.

Accelerating Growth: STCK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: STCK had negative earnings growth (-31.4%) over the past year, making it difficult to compare to the Beverage industry average (-25%).


Return on Equity

High ROE: STCK's Return on Equity (5.6%) is considered low.


Next Steps

Financial Health

How is Stock Spirits Group's financial position?


Financial Position Analysis

Short Term Liabilities: STCK's short term assets (€202.1M) exceed its short term liabilities (€149.0M).

Long Term Liabilities: STCK's short term assets (€202.1M) exceed its long term liabilities (€131.0M).


Debt to Equity History and Analysis

Debt Level: STCK's debt to equity ratio (20.3%) is considered satisfactory.

Reducing Debt: STCK's debt to equity ratio has reduced from 36.3% to 20.3% over the past 5 years.

Debt Coverage: STCK's debt is well covered by operating cash flow (103.9%).

Interest Coverage: STCK's interest payments on its debt are well covered by EBIT (20.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Stock Spirits Group current dividend yield, its reliability and sustainability?

3.01%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: STCK's dividend (3.01%) is higher than the bottom 25% of dividend payers in the UK market (1.55%).

High Dividend: STCK's dividend (3.01%) is low compared to the top 25% of dividend payers in the UK market (4.55%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, STCK has been paying a dividend for less than 10 years.

Growing Dividend: STCK's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (97.1%), STCK's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: STCK's dividends in 3 years are forecast to be well covered by earnings (46.7% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Mirek Stachowicz

4.42yrs

Tenure

€1,754,000

Compensation

Mr. Miroslaw Boguslaw Stachowicz, also known as Mirek, has been the Chief Executive Officer of Stock Spirits Group plc since August 10, 2016 and its Executive Director since November 9, 2015. Previously, M...


CEO Compensation Analysis

Compensation vs Market: Mirek's total compensation ($USD2.12M) is above average for companies of similar size in the UK market ($USD1.03M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Miroslaw Stachowicz
CEO & Executive Director4.42yrs€1.75m0.30%
€ 1.7m
Paul Bal
CFO & Director2.67yrs€1.05m0.049%
€ 277.4k
Andrew Mills
Investor Relations Directorno datano datano data
Steve Weatherley
Group General Counsel3.67yrsno datano data
Richard Hayes
Group Sales & Marketing Directorno datano datano data
Jagoda Palider
Group HR Director2.67yrsno datano data
Michael Kennedy
Managing Director of International & Business Development6yrsno datano data
Jan Havlis
Managing Director of Czech Republic & Slovakia4.92yrsno datano data
Marek Sypek
Managing Director of Poland4.58yrsno datano data
Marco Alberizzi
Managing Director of Italy1.08yrsno datano data
Sally Kenward
Company Secretary3.75yrsno datano data

3.8yrs

Average Tenure

Experienced Management: STCK's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Miroslaw Stachowicz
CEO & Executive Director4.42yrs€1.75m0.30%
€ 1.7m
Paul Bal
CFO & Director2.67yrs€1.05m0.049%
€ 277.4k
Diego Bevilacqua
Independent Non-Executive Director4.25yrs€64.00k0.014%
€ 76.3k
Michael Butterworth
Independent Non-Executive Director4.25yrs€75.00k0.0094%
€ 53.0k
David Maloney
Independent Non-Executive Chairman5.67yrs€193.00k0.030%
€ 169.5k
John Ross Nicolson
Senior Independent Non-Executive Director4.25yrs€77.00kno data
H. Allum
Independent Non-Executive Director2.17yrs€72.00kno data
Tomasz Blawat
Independent Non-Executive Director4.25yrs€64.00kno data

4.3yrs

Average Tenure

65yo

Average Age

Experienced Board: STCK's board of directors are considered experienced (4.3 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.


Top Shareholders

Company Information

Stock Spirits Group PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Stock Spirits Group PLC
  • Ticker: STCK
  • Exchange: LSE
  • Founded: 1884
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Market Cap: UK£561.318m
  • Shares outstanding: 198.70m
  • Website: https://www.stockspirits.com

Number of Employees


Location

  • Stock Spirits Group PLC
  • Solar House
  • Mercury Park
  • Wooburn Green
  • Buckinghamshire
  • HP10 0HH
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STCKLSE (London Stock Exchange)YesOrdinary SharesGBGBPOct 2013
7SIDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2013
STOCKSEP (The Stock Exchange Prague Co. Ltd.)YesOrdinary SharesCZCZKOct 2013
SPPG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2013
STCKLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPOct 2013
STOCKKBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBCZKOct 2013

Biography

Stock Spirits Group PLC produces and distributes branded spirits in Central and Eastern Europe, and Italy. It offers a range of spirits, such as vodka, vodka-based flavored liqueurs, rum, brandy, wines, wh...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 02:31
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/09/30


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.