| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
GSH Overview
Good Spirits Hospitality Limited, an investment company, engages in the hospitality business in New Zealand.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$0.073 |
| 52 Week High | NZ$0.067 |
| 52 Week Low | NZ$0.084 |
| Beta | -0.12 |
| 1 Month Change | 8.96% |
| 3 Month Change | 1.39% |
| 1 Year Change | -8.75% |
| 3 Year Change | -27.00% |
| 5 Year Change | -63.50% |
| Change since IPO | -95.38% |
Recent News & Updates
Does Good Spirits Hospitality (NZSE:GSH) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
A Look At Good Spirits Hospitality's (NZSE:GSH) CEO Remuneration
This article will reflect on the compensation paid to Geoff Tuttle who has served as CEO of Good Spirits Hospitality...
Shareholder Returns
| GSH | NZ Hospitality | NZ Market | |
|---|---|---|---|
| 7D | 2.8% | -0.04% | 0.5% |
| 1Y | -8.8% | 13.9% | 2.1% |
Return vs Industry: GSH underperformed the NZ Hospitality industry which returned 13.9% over the past year.
Return vs Market: GSH underperformed the NZ Market which returned 2.1% over the past year.
Price Volatility
| GSH volatility | |
|---|---|
| GSH Beta | -0.12 |
| Industry Beta | 1.11 |
| Market Beta | 1 |
Stable Share Price: GSH is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: GSH's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | n/a | Geoff Tuttle | https://www.goodspiritshospitality.co.nz |
Good Spirits Hospitality Limited, an investment company, engages in the hospitality business in New Zealand. It operates a chain of 8 bars in Auckland and Hamilton. The company was formerly known as Veritas Investments Limited and changed its name to Good Spirits Hospitality Limited in June 2019.
Good Spirits Hospitality Fundamentals Summary
| GSH fundamental statistics | |
|---|---|
| Market Cap | NZ$4.21m |
| Earnings (TTM) | -NZ$5.84m |
| Revenue (TTM) | NZ$23.48m |
0.2x
P/S Ratio-0.7x
P/E RatioIs GSH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GSH income statement (TTM) | |
|---|---|
| Revenue | NZ$23.48m |
| Cost of Revenue | NZ$13.70m |
| Gross Profit | NZ$9.78m |
| Expenses | NZ$15.61m |
| Earnings | -NZ$5.84m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.10 |
| Gross Margin | 41.64% |
| Net Profit Margin | -24.87% |
| Debt/Equity Ratio | 2,107.9% |
How did GSH perform over the long term?
See historical performance and comparisonValuation
Is Good Spirits Hospitality undervalued compared to its fair value and its price relative to the market?
3.31x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: GSH (NZ$0.07) is trading above our estimate of fair value (NZ$0.03)
Significantly Below Fair Value: GSH is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GSH is unprofitable, so we can't compare its PE Ratio to the Oceanic Hospitality industry average.
PE vs Market: GSH is unprofitable, so we can't compare its PE Ratio to the NZ market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GSH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GSH is overvalued based on its PB Ratio (3.3x) compared to the NZ Hospitality industry average (1.9x).
Future Growth
How is Good Spirits Hospitality forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
30.2%
Forecasted Consumer Services 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 Good Spirits Hospitality 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.
Past Performance
How has Good Spirits Hospitality performed over the past 5 years?
-76.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GSH is currently unprofitable.
Growing Profit Margin: GSH is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GSH is unprofitable, and losses have increased over the past 5 years at a rate of 76.5% per year.
Accelerating Growth: Unable to compare GSH's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GSH is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (4.2%).
Return on Equity
High ROE: GSH has a negative Return on Equity (-458.11%), as it is currently unprofitable.
Financial Health
How is Good Spirits Hospitality's financial position?
Financial Position Analysis
Short Term Liabilities: GSH's short term assets (NZ$3.8M) do not cover its short term liabilities (NZ$3.9M).
Long Term Liabilities: GSH's short term assets (NZ$3.8M) do not cover its long term liabilities (NZ$40.9M).
Debt to Equity History and Analysis
Debt Level: GSH's debt to equity ratio (2107.9%) is considered high.
Reducing Debt: GSH's debt to equity ratio has increased from 414.7% to 2107.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GSH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GSH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.2% per year.
Dividend
What is Good Spirits Hospitality current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GSH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GSH'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 GSH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GSH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GSH is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GSH's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Geoff Tuttle
3.17yrs
Tenure
NZ$350,000
Compensation
Mr. Geoffrey Eamon Tuttle, also known as Geoff, has been Chief Executive Officer of Good Spirits Hospitality Limited since August 29, 2018 and was its Director since October 5, 2020 until December 14, 2020...
CEO Compensation Analysis
Compensation vs Market: Geoff's total compensation ($USD250.91K) is below average for companies of similar size in the NZ market ($USD375.58K).
Compensation vs Earnings: Geoff's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: GSH's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
Experienced Board: GSH's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
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
Good Spirits Hospitality Limited's employee growth, exchange listings and data sources
Key Information
- Name: Good Spirits Hospitality Limited
- Ticker: GSH
- Exchange: NZSE
- Founded: 2004
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: NZ$4.215m
- Shares outstanding: 57.73m
- Website: https://www.goodspiritshospitality.co.nz
Location
- Good Spirits Hospitality Limited
- Building B
- Ground Floor
- Auckland
- 1051
- New Zealand
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 16:23 |
| End of Day Share Price | 2021/10/26 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.