OTCPK:SRSG

Stock Analysis Report

Spirits Time International

Executive Summary

Spirits Time International, Inc. markets and distributes Tequila Alebrijes products.

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap ($12M)



Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SRSG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

SRSG

0.8%

US Retail Distributors

0.8%

US Market


1 Year Return

-36.5%

SRSG

17.8%

US Retail Distributors

25.1%

US Market

Return vs Industry: SRSG underperformed the US Retail Distributors industry which returned 17.6% over the past year.

Return vs Market: SRSG underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

SRSGIndustryMarket
7 Day0%0.8%0.8%
30 Day0%-2.3%3.1%
90 Day0%1.5%10.9%
1 Year-36.5%-36.5%19.8%17.8%27.7%25.1%
3 Yearn/a22.0%16.2%51.3%41.6%
5 Yearn/a41.4%30.1%77.2%57.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Spirits Time International undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Spirits Time International is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Spirits Time International has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SRSG’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Spirits Time International regulatory filings here.
  • Explore potentially undervalued companies in the Retail industry.

Future Growth

How is Spirits Time International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.1%

Forecasted Retail 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 Spirits Time International 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.


Next Steps

  • Take a look at our analysis of SRSG’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Spirits Time International's filings and announcements here.
  • Explore growth companies in the Retail industry.

Past Performance

How has Spirits Time International performed over the past 5 years?

-34.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SRSG is currently unprofitable.

Growing Profit Margin: SRSG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SRSG's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare SRSG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SRSG is unprofitable, making it difficult to compare its past year earnings growth to the Retail Distributors industry (-8.3%).


Return on Equity

High ROE: SRSG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Spirits Time International's financial position?


Financial Position Analysis

Short Term Liabilities: SRSG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SRSG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SRSG has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SRSG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: SRSG has a high level of physical assets or inventory.

Debt Coverage by Assets: SRSG has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: SRSG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SRSG has less than a year of cash runway if free cash flow continues to reduce at historical rates of -76% each year


Next Steps

Dividend

What is Spirits Time International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate SRSG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SRSG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SRSG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SRSG'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 SRSG's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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


CEO

Spirits Time International has no CEO, or we have no data on them.


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

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 123.4%.


Management Team


    Board Members

      Company Information

      Spirits Time International, Inc.'s company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Spirits Time International, Inc.
      • Ticker: SRSG
      • Exchange: OTCPK
      • Founded: 2005
      • Industry: Distributors
      • Sector: Retail
      • Market Cap: US$12.096m
      • Shares outstanding: 7.33m
      • Website: https://null

      Location

      • Spirits Time International, Inc.
      • 1661 Lakeview Circle
      • Ogden
      • Utah
      • 84403
      • United States

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      SRSGOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2018

      Biography

      Spirits Time International, Inc. markets and distributes Tequila Alebrijes products. The company was formerly known as Sears Oil and Gas Corporation and changed its name to Spirits Time International, Inc. in October 2018. Spirits Time International, Inc. was founded in 2005 and is based in Ogden, Utah. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/09 00:31
      End of Day Share Price2019/10/11 00:00
      Earnings2019/09/30
      Annual Earnings2018/12/31


      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.