LSE:STCK

Stock Analysis Report

Executive Summary

Stock Spirits Group PLC produces and distributes branded spirits in Central and Eastern Europe.

Snowflake

Fundamentals

Flawless balance sheet and good value.


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


Market Performance


7 Day Return

2.4%

STCK

-2.9%

GB Beverage

-0.3%

GB Market


1 Year Return

4.7%

STCK

12.1%

GB Beverage

3.0%

GB Market

Return vs Industry: STCK underperformed the UK Beverage industry which returned 12.1% over the past year.

Return vs Market: STCK exceeded the UK Market which returned 3% over the past year.


Shareholder returns

STCKIndustryMarket
7 Day2.4%-2.9%-0.3%
30 Day-9.8%-5.0%-0.9%
90 Day-2.3%-7.5%-2.0%
1 Year8.2%4.7%15.2%12.1%8.0%3.0%
3 Year51.1%36.8%54.6%43.4%18.0%3.6%
5 Year-17.0%-32.7%98.3%73.3%35.8%6.4%

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?

33.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: STCK (£2.12) is trading below our estimate of fair value (£3.17)

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


Price To Earnings Ratio

PE vs Industry: STCK is good value based on its PE Ratio (14.7x) compared to the Beverage industry average (23.7x).

PE vs Market: STCK is good value based on its PE Ratio (14.7x) compared to the UK market (16.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: STCK is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: STCK is good value based on its PB Ratio (1.4x) compared to the GB Beverage industry average (3.6x).


Next Steps

Future Growth

How is Stock Spirits Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

14.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STCK's forecast earnings growth (14.6% per year) is above the savings rate (1.2%).

Earnings vs Market: STCK's earnings (14.6% per year) are forecast to grow faster than the UK market (12.6% per year).

High Growth Earnings: STCK's earnings are forecast to grow, but not significantly.

Revenue vs Market: STCK's revenue (4.8% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: STCK's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: STCK's Return on Equity is forecast to be low in 3 years time (10.5%).


Next Steps

Past Performance

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

-5.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: STCK's earnings have declined by -5.8% per year over the past 5 years.

Accelerating Growth: STCK's earnings growth over the past year (178.9%) exceeds its 5-year average (-5.8% per year).

Earnings vs Industry: STCK earnings growth over the past year (178.9%) exceeded the Beverage industry 3.2%.


Return on Equity

High ROE: STCK's Return on Equity (9.5%) is considered low.


Return on Assets

ROA vs Industry: STCK's Return on Assets is below or equal to the Beverage industry average last year.


Return on Capital Employed

ROCE Improving: STCK's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Stock Spirits Group's financial position?


Financial Position Analysis

Short Term Liabilities: STCK's short term assets (€231.6M) exceeds its short term liabilities (€143.1M)

Long Term Liabilities: STCK's short term assets (231.6M) exceeds its long term liabilities (153.1M)


Debt to Equity History and Analysis

Debt Level: STCK's debt to equity ratio (29%) is considered satisfactory

Reducing Debt: STCK's debt to equity ratio has reduced from 49.9% to 29% over the past 5 years.

Debt Coverage: STCK's debt is well covered by operating cash flow (64.3%).

Interest Coverage: STCK's interest payments on its debt are well covered by EBIT (19.4x coverage).


Balance Sheet

Inventory Level: STCK has a low level of unsold assets or inventory.

Debt Coverage by Assets: STCK's debt is covered by short term assets (assets are 2.303410x debt).


Next Steps

Dividend

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

3.47%

Current Dividend Yield


Dividend Yield vs Market

company3.5%marketbottom25%2.0%markettop25%5.4%industryaverage2.2%forecastin3Years4.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: STCK's dividend (3.47%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).

High Dividend: STCK's dividend (3.47%) is low compared to the top 25% of dividend payers in the UK market (5.36%).

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 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69%), STCK's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: STCK's dividends in 3 years are forecast to be well covered by earnings (46.4% payout ratio).


Next Steps

Management

What is the CEO of Stock Spirits Group's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average management tenure


CEO

Mirek Stachowicz 0

3.2yrs

Tenure

€935,209

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 ($USD1.04M) is about average for companies of similar size in the UK market ($USD875.35K).

Compensation vs Earnings: Mirek's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.2yrs

Average Tenure

Experienced Management: STCK's management team is considered experienced (3.2 years average tenure).


Board Age and Tenure

3.0yrs

Average Tenure

64yo

Average Age

Experienced Board: STCK's board of directors are considered experienced (3 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Richard Hayes (54yo)

    Group Sales & Marketing Director

    • Tenure: 0yrs
  • Michael Kennedy

    Managing Director of Italy & International

    • Tenure: 4.8yrs
  • Andrew Mills

    Investor Relations Director

    • Tenure: 0yrs
  • Roman Pocs

    Managing Director of Slovakia

    • Tenure: 0yrs
  • Mirek Stachowicz

    CEO & Executive Director

    • Tenure: 3.2yrs
    • Compensation: €935.21k
  • Jan Havlis

    Managing Director of Czech Republic

    • Tenure: 3.7yrs
  • Marek Sypek

    Managing Director of Poland

    • Tenure: 3.3yrs
  • Jagoda Palider

    Group HR Director

    • Tenure: 1.4yrs
  • Steve Weatherley

    Group General Counsel

    • Tenure: 2.4yrs
  • Raj Bal

    CFO & Director

    • Tenure: 1.4yrs
    • Compensation: €640.25k

Board Members

  • Diego Bevilacqua (65yo)

    Independent Non-Executive Director

    • Tenure: 3yrs
    • Compensation: €48.00k
  • Mike Butterworth (58yo)

    Independent Non-Executive Director

    • Tenure: 3yrs
    • Compensation: €56.00k
  • David Maloney (64yo)

    Non-Executive Chairman

    • Tenure: 4.4yrs
    • Compensation: €145.00k
  • John Ross Nicolson (66yo)

    Senior Independent Non-Executive Director

    • Tenure: 3yrs
    • Compensation: €61.00k
  • Kate Allum (54yo)

    Independent Non-Executive Director

    • Tenure: 0.9yrs
  • Tomasz Blawat

    Independent Non-Executive Director

    • Tenure: 3yrs
    • Compensation: €48.00k
  • Mirek Stachowicz

    CEO & Executive Director

    • Tenure: 3.2yrs
    • Compensation: €935.21k
  • Raj Bal

    CFO & Director

    • Tenure: 1.4yrs
    • Compensation: €640.25k

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£420.757m
  • Shares outstanding: 198.47m
  • 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 SharesGBEUROct 2013

Biography

Stock Spirits Group PLC produces and distributes branded spirits in Central and Eastern Europe. It offers a range of spirits, including vodka, vodka-based liqueurs, rum, brandy, wines, whisky, gin, herbal  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 21:36
End of Day Share Price2019/10/18 00:00
Earnings2019/03/31
Annual Earnings2018/09/30


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.