LARK DISTILLING CO. LIMITED (LRK)
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LRK - LARK DISTILLING CO. LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: June
GICS Industry Group : NONE
Debt/EBITDA: -0.44
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.195

04 Nov
2024

-0.005

OPEN

$1.16

-0.42%

HIGH

$1.20

9,665

LOW

$1.16

TARGET
$3.00 151.0% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
LRK: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx - 6.1 N/A xxx
DPS (cps) xxx 0.0 N/A xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-6.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx16.7 M
Book Value Per Share xxxxxxxxxxxxxxx133.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-4.2 M
Net Profit Margin xxxxxxxxxxxxxxx-27.30 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-4.43 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.31 %
Return on Assets xxxxxxxxxxxxxxx-4.03 %
Return on Equity xxxxxxxxxxxxxxx-4.43 %
Return on Total Capital xxxxxxxxxxxxxxx-5.71 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-4.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx21 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2 M
Price To Book Value xxxxxxxxxxxxxxx0.64

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.6 M
Capex % of Sales xxxxxxxxxxxxxxx3.43 %
Cost of Goods Sold xxxxxxxxxxxxxxx16 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx7 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

29/08/2024

1

Buy

$3.00

151.05%

Lark Distilling's FY24 results, featuring an earnings loss on an -18% fall in net sales, was revealed at the company’s trading update in July, although the formal results release provided some more colour, Ord Minnett notes.

The fall in net sales was largely a result of some unsustainable comparable numbers that were driven by limited-release sales and indirect China exports, although domestic demand also suffered from widespread consumer caution on spending.

From here, with the recent completed $25m capital raising, Ord Minnett sees the company well-positioned to drive offshore expansion of its brand and start to exploit its substantial 2.5m litre whiskey bank.

Buy and $3.00 target retained.

EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Canaccord Genuity

04/11/2024

1

Speculative Buy

$1.50

25.52%

Canaccord Genuity observes Lark Distilling Co's 1Q25 results show net sales of $3.4m, up 7% year-on-year, driven by stronger direct-to-consumer and export sales despite softer B2B performance.

The recent equity raising reduced debt exposure, with cash reserves now at $25.6m. Management is focusing on growth initiatives including brand restaging and expanding export channels.

The broker incorporates higher operating costs for brand investments, lowering EBITDA and net profit expectations for FY25/FY26.

Speculative Buy rating. Target is lifted to $1.50 from $1.20.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -6.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -6.00 cents.

LRK STOCK CHART