Liquor stocks to celebrate a spirited Halloween

Highlights

  • Australian Vintage recorded 71% of its FY21 total revenue through total net sales of AU$195.1 million in Pillar Brands.
  • MBH maintained strong balance sheet with AU$13.5 million cash.
  • BEE, LRK and MBH delivered 8%,5% and 4% return over the last one month.

The Covid-19 pandemic has affected many companies from this sector but some stocks have delivered good financial performance. As the festive season approaches, lets have a look at few ASX Liquor stocks to celebrate a spirited Halloween.

Broo Ltd (ASX:BEE)

Broo Limited is an ASX listed brewer and manufacturer of premium Australian beer. As per the company’s FY21 annual report –

  • The company’s revenue from continuing operations stood at AU$1.98 million for the year ended on 30 June 2021.
  • The cash and cash equivalents came at AU$115,241 for the prior year.

Earlier this month, the company also secured commitments for AU$3.6 million convertible note capital raising.

Liquor stocks to celebrate a spirited Halloween

On 20 October 2021 at 2:21 PM AEDT, BEE shares were trading flat at AU$0.013, with a market capitalisation of AU$12.29 million.  

Lark Distilled Co. Limited (ASX:LRK)

Lark Distilled is an Australian manufacturer and distributor of Gin and Whisky. Despite negative impacts of the COVID-19 pandemic, Lark has performed well during FY21.

As per Lark’s FY21 annual report for the year ended on 30 June 2021 –

  • The company booked net sales revenue of AU$12.92 million, up 98% year on year (YOY).
  • Profit before income tax improved by 183% to AU$1.05 million, supported by increased gross margin.

On its Q1FY22 update, Lark has reported revenue of AU$4.1 million, up 80% from the prior corresponding period (PCP).

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Recently the company also announced to enter a binding agreement to acquire Kernke Family Shene Estate Pty Limited.

On 20 October 2021 at 2:21 PM AEDT, LRK shares were trading 0.181% up at AU$5.530, with a market capitalisation of AU$348.34 million.  

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Maggie Beer Holdings Limited (ASX:MBH)

Maggie Beer Holdings is an ASX listed marketer, producer and distributor of premium goods and beverages. The company has reported outstanding financial results for FY21. According to its FY21 full year results-

  • The company delivered strong group results supported by increased net sales of AU$52.9 million, up 18.8% from FY2020.
  • MBH also maintained a robust balance sheet with AU$13.5 million cash and the gross margin stood at AU$3.6 million, up 46.8%.

The company expects to deliver group revenue of AU$100 million in FY22 along with EBITDA of AU$13.5 to AU$15.5 million.

On 20 October 2021 at 2:21 PM AEDT, MBH shares were trading flat at AU$0.440, with a market capitalisation of AU$154.50 million.  

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United Malt Group Limited (ASX:UMG)

The ASX listed United Malt Group is a producer of bagged malt, hops, and related products to major brewers, distillers, and food companies.

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As per its FY21 earnings guidance–

On 20 October 2021 at 2:21 PM AEDT, UMG shares were trading 0.621% up at AU$4.045, with a market capitalisation of AU$1.20 billion. 

Australian Vintage Limited (ASX:AVG)

Australian Vintage is an ASX listed winemaker involved in wine marketing and vineyard management. As per AVG’s FY21 results –

  • The company achieved total net sales of AU$195.1 million through Pillar brands, 71% of total revenue.
  • Delivering strong financial performance, the company reported revenue of AU$274 million and earnings before interest and taxes (EBIT) of AU$30.4 million.
  • The company’s earnings per share (EPS) stood at AU$7.0 cents and the operating cash flow came at AU$45 million.

On 20 October 2021 at 2:21 PM AEDT, AVG shares were trading 1.735% down at AU$0.850, with a market capitalisation of AU$218.53 billion. 

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