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AS Amber Latvijas balzams RISE:BAL1R Stock Report

Last Price


Market Cap







15 Aug, 2022


Company Financials
BAL1R fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance2/6
Financial Health6/6

BAL1R Stock Overview

AS Amber Latvijas balzams produces and sells alcoholic beverages in Latvia.

AS Amber Latvijas balzams Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AS Amber Latvijas balzams
Historical stock prices
Current Share Price€10.20
52 Week High€12.50
52 Week Low€8.50
1 Month Change-1.92%
3 Month Change-0.97%
1 Year Change-1.92%
3 Year Change2.51%
5 Year Change13.46%
Change since IPO916.63%

Recent News & Updates

Shareholder Returns

BAL1RLV BeverageLV Market

Return vs Industry: BAL1R matched the LV Beverage industry which returned -1.1% over the past year.

Return vs Market: BAL1R exceeded the LV Market which returned -19.4% over the past year.

Price Volatility

Is BAL1R's price volatile compared to industry and market?
BAL1R volatility
BAL1R Average Weekly Movement3.2%
Beverage Industry Average Movement3.8%
Market Average Movement3.0%
10% most volatile stocks in LV Market3.6%
10% least volatile stocks in LV Market1.4%

Stable Share Price: BAL1R is not significantly more volatile than the rest of LV stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BAL1R's weekly volatility (3%) has been stable over the past year.

About the Company

1900562Intars Geidans

AS Amber Latvijas balzams produces and sells alcoholic beverages in Latvia. The company produces approximately 100 types of alcoholic beverages. It offers sparkling and fortified wines, ciders, ready to drink (RTD) products, vodkas, liqueurs, brandy, strong alcoholic beverages, gin, etc.; and non-alcoholic drinks.

AS Amber Latvijas balzams Fundamentals Summary

How do AS Amber Latvijas balzams's earnings and revenue compare to its market cap?
BAL1R fundamental statistics
Market Cap€78.72m
Earnings (TTM)€8.29m
Revenue (TTM)€82.55m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BAL1R income statement (TTM)
Cost of Revenue€65.03m
Gross Profit€17.52m
Other Expenses€9.23m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 31, 2022

Earnings per share (EPS)1.11
Gross Margin21.23%
Net Profit Margin10.05%
Debt/Equity Ratio1.7%

How did BAL1R perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is BAL1R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • 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 BAL1R?

Other financial metrics that can be useful for relative valuation.

BAL1R 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/Revenue1x
Enterprise Value/EBITDA10.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does BAL1R's PE Ratio compare to its peers?

BAL1R PE Ratio vs Peers
The above table shows the PE ratio for BAL1R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.7x
ZWACK Zwack Unicum Nyrt
IFBAGRO IFB Agro Industries
BEZ Berentzen-Gruppe
BAL1R AS Amber Latvijas balzams

Price-To-Earnings vs Peers: BAL1R is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (13.7x).

Price to Earnings Ratio vs Industry

How does BAL1R's PE Ratio compare vs other companies in the European Beverage Industry?

Price-To-Earnings vs Industry: BAL1R is good value based on its Price-To-Earnings Ratio (9.2x) compared to the European Beverage industry average (19.5x)

Price to Earnings Ratio vs Fair Ratio

What is BAL1R'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.

BAL1R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BAL1R's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of BAL1R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BAL1R (€10.2) is trading above our estimate of fair value (€9.62)

Significantly Below Fair Value: BAL1R is trading above our estimate of fair value.

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 AS Amber Latvijas balzams forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AS Amber Latvijas balzams has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Past Performance

How has AS Amber Latvijas balzams performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BAL1R has high quality earnings.

Growing Profit Margin: BAL1R's current net profit margins (10%) are lower than last year (14.8%).

Past Earnings Growth Analysis

Earnings Trend: BAL1R's earnings have grown by 4.2% per year over the past 5 years.

Accelerating Growth: BAL1R's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BAL1R had negative earnings growth (-15.2%) over the past year, making it difficult to compare to the Beverage industry average (38.2%).

Return on Equity

High ROE: BAL1R's Return on Equity (5.9%) is considered low.

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Financial Health

How is AS Amber Latvijas balzams's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BAL1R's short term assets (€159.9M) exceed its short term liabilities (€35.9M).

Long Term Liabilities: BAL1R's short term assets (€159.9M) exceed its long term liabilities (€1.6M).

Debt to Equity History and Analysis

Debt Level: BAL1R's net debt to equity ratio (1.7%) is considered satisfactory.

Reducing Debt: BAL1R's debt to equity ratio has reduced from 10.8% to 1.7% over the past 5 years.

Debt Coverage: BAL1R's debt is well covered by operating cash flow (427.7%).

Interest Coverage: BAL1R earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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What is AS Amber Latvijas balzams's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BAL1R's dividend (4.51%) is higher than the bottom 25% of dividend payers in the LV market (1.94%).

High Dividend: BAL1R's dividend (4.51%) is in the top 25% of dividend payers in the LV market (3.96%)

Stability and Growth of Payments

Stable Dividend: BAL1R has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BAL1R has only been paying a dividend for 5 years, and since then payments have fallen.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39.5%), BAL1R's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (41.8%), BAL1R's dividend payments are well covered by cash flows.

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


Average board tenure


Intars Geidans



Mr. Intars Geid ns has been the Chairman of Management Board at AS Amber Latvijas balzams (formerly known as Latvijas balzams) since March 3, 2016 and has been its Managing Director since March 2016. Mr. G...

Board Members

Experienced Board: BAL1R's board of directors are considered experienced (3.2 years average tenure).


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

AS Amber Latvijas balzams's employee growth, exchange listings and data sources

Key Information

  • Name: AS Amber Latvijas balzams
  • Ticker: BAL1R
  • Exchange: RISE
  • Founded: 1900
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: €78.717m
  • Shares outstanding: 7.50m
  • Website:

Number of Employees


  • AS Amber Latvijas balzams
  • Aleksandra Caka Iela 160
  • Riga
  • LV-1012
  • Latvia


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Annual Earnings2021/12/31

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.