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CORBY SPIRIT AND WINE-CL B (CSW-B.CA) Stock Fundamental Analysis

Canada - TSX:CSW-B - CA2183492073 - Common Stock

13.56 CAD
-0.09 (-0.66%)
Last: 9/15/2025, 7:00:00 PM
Fundamental Rating

5

CSW-B gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 10 industry peers in the Beverages industry. CSW-B scores excellent on profitability, but there are some minor concerns on its financial health. CSW-B has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year CSW-B was profitable.
In the past year CSW-B had a positive cash flow from operations.
CSW-B had positive earnings in each of the past 5 years.
Each year in the past 5 years CSW-B had a positive operating cash flow.
CSW-B.CA Yearly Net Income VS EBIT VS OCF VS FCFCSW-B.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M

1.2 Ratios

CSW-B has a better Return On Assets (6.73%) than 100.00% of its industry peers.
CSW-B's Return On Equity of 14.16% is amongst the best of the industry. CSW-B outperforms 100.00% of its industry peers.
With an excellent Return On Invested Capital value of 9.79%, CSW-B belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CSW-B is above the industry average of 7.71%.
Industry RankSector Rank
ROA 6.73%
ROE 14.16%
ROIC 9.79%
ROA(3y)6.99%
ROA(5y)8.88%
ROE(3y)12.71%
ROE(5y)13.98%
ROIC(3y)10.02%
ROIC(5y)11.65%
CSW-B.CA Yearly ROA, ROE, ROICCSW-B.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

CSW-B has a Profit Margin of 10.78%. This is amongst the best in the industry. CSW-B outperforms 100.00% of its industry peers.
CSW-B's Profit Margin has declined in the last couple of years.
The Operating Margin of CSW-B (18.43%) is better than 100.00% of its industry peers.
CSW-B's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 50.27%, CSW-B belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
CSW-B's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 18.43%
PM (TTM) 10.78%
GM 50.27%
OM growth 3Y-9.22%
OM growth 5Y-3.16%
PM growth 3Y-18.38%
PM growth 5Y-9.5%
GM growth 3Y-5.42%
GM growth 5Y-3.55%
CSW-B.CA Yearly Profit, Operating, Gross MarginsCSW-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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6

2. Health

2.1 Basic Checks

CSW-B has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for CSW-B remains at a similar level compared to 1 year ago.
Compared to 5 years ago, CSW-B has about the same amount of shares outstanding.
Compared to 1 year ago, CSW-B has a worse debt to assets ratio.
CSW-B.CA Yearly Shares OutstandingCSW-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
CSW-B.CA Yearly Total Debt VS Total AssetsCSW-B.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

CSW-B has an Altman-Z score of 3.03. This indicates that CSW-B is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.03, CSW-B is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
The Debt to FCF ratio of CSW-B is 2.54, which is a good value as it means it would take CSW-B, 2.54 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.54, CSW-B belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Debt/Equity ratio of 0.57 indicates that CSW-B is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.57, CSW-B is doing good in the industry, outperforming 70.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 2.54
Altman-Z 3.03
ROIC/WACC1.36
WACC7.2%
CSW-B.CA Yearly LT Debt VS Equity VS FCFCSW-B.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

2.3 Liquidity

CSW-B has a Current Ratio of 2.72. This indicates that CSW-B is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of CSW-B (2.72) is comparable to the rest of the industry.
A Quick Ratio of 0.93 indicates that CSW-B may have some problems paying its short term obligations.
The Quick ratio of CSW-B (0.93) is better than 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 2.72
Quick Ratio 0.93
CSW-B.CA Yearly Current Assets VS Current LiabilitesCSW-B.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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3

3. Growth

3.1 Past

CSW-B shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.37%, which is quite impressive.
CSW-B shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.38% yearly.
CSW-B shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.37%.
Measured over the past years, CSW-B shows a quite strong growth in Revenue. The Revenue has been growing by 8.91% on average per year.
EPS 1Y (TTM)25.37%
EPS 3Y-7.89%
EPS 5Y-1.38%
EPS Q2Q%-6.1%
Revenue 1Y (TTM)16.37%
Revenue growth 3Y12.86%
Revenue growth 5Y8.91%
Sales Q2Q%-0.93%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
CSW-B.CA Yearly Revenue VS EstimatesCSW-B.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
CSW-B.CA Yearly EPS VS EstimatesCSW-B.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 0.2 0.4 0.6 0.8 1

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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 14.90, the valuation of CSW-B can be described as correct.
Based on the Price/Earnings ratio, CSW-B is valued cheaper than 90.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of CSW-B to the average of the S&P500 Index (27.27), we can say CSW-B is valued slightly cheaper.
Industry RankSector Rank
PE 14.9
Fwd PE N/A
CSW-B.CA Price Earnings VS Forward Price EarningsCSW-B.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

CSW-B's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CSW-B is cheaper than 80.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CSW-B indicates a somewhat cheap valuation: CSW-B is cheaper than 80.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.05
EV/EBITDA 8.04
CSW-B.CA Per share dataCSW-B.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

CSW-B has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.34%, CSW-B is a good candidate for dividend investing.
CSW-B's Dividend Yield is rather good when compared to the industry average which is at 4.85. CSW-B pays more dividend than 90.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, CSW-B pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.34%

5.2 History

The dividend of CSW-B decreases each year by -8.62%.
CSW-B has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of CSW-B decreased recently.
Dividend Growth(5Y)-8.62%
Div Incr Years1
Div Non Decr Years1
CSW-B.CA Yearly Dividends per shareCSW-B.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

96.31% of the earnings are spent on dividend by CSW-B. This is not a sustainable payout ratio.
CSW-B's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP96.31%
EPS Next 2YN/A
EPS Next 3YN/A
CSW-B.CA Yearly Income VS Free CF VS DividendCSW-B.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M
CSW-B.CA Dividend Payout.CSW-B.CA Dividend Payout, showing the Payout Ratio.CSW-B.CA Dividend Payout.PayoutRetained Earnings

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CORBY SPIRIT AND WINE-CL B

TSX:CSW-B (9/15/2025, 7:00:00 PM)

13.56

-0.09 (-0.66%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)08-20 2025-08-20
Earnings (Next)11-11 2025-11-11
Inst Owners8.5%
Inst Owner ChangeN/A
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap386.05M
Analysts40
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.34%
Yearly Dividend0.84
Dividend Growth(5Y)-8.62%
DP96.31%
Div Incr Years1
Div Non Decr Years1
Ex-Date09-10 2025-09-10 (0.23)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 14.9
Fwd PE N/A
P/S 1.6
P/FCF 9.05
P/OCF 8.37
P/B 2.1
P/tB N/A
EV/EBITDA 8.04
EPS(TTM)0.91
EY6.71%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)1.5
FCFY11.05%
OCF(TTM)1.62
OCFY11.94%
SpS8.48
BVpS6.45
TBVpS-0.57
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 6.73%
ROE 14.16%
ROCE 13.47%
ROIC 9.79%
ROICexc 9.96%
ROICexgc 25.79%
OM 18.43%
PM (TTM) 10.78%
GM 50.27%
FCFM 17.68%
ROA(3y)6.99%
ROA(5y)8.88%
ROE(3y)12.71%
ROE(5y)13.98%
ROIC(3y)10.02%
ROIC(5y)11.65%
ROICexc(3y)14.79%
ROICexc(5y)18.95%
ROICexgc(3y)31.34%
ROICexgc(5y)32.88%
ROCE(3y)13.75%
ROCE(5y)15.98%
ROICexcg growth 3Y-4.32%
ROICexcg growth 5Y1.13%
ROICexc growth 3Y-27.2%
ROICexc growth 5Y-12.41%
OM growth 3Y-9.22%
OM growth 5Y-3.16%
PM growth 3Y-18.38%
PM growth 5Y-9.5%
GM growth 3Y-5.42%
GM growth 5Y-3.55%
F-Score6
Asset Turnover0.62
Health
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 2.54
Debt/EBITDA 1.73
Cap/Depr 21.12%
Cap/Sales 1.42%
Interest Coverage 250
Cash Conversion 75.93%
Profit Quality 164.03%
Current Ratio 2.72
Quick Ratio 0.93
Altman-Z 3.03
F-Score6
WACC7.2%
ROIC/WACC1.36
Cap/Depr(3y)157.31%
Cap/Depr(5y)106.06%
Cap/Sales(3y)13.92%
Cap/Sales(5y)9.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)25.37%
EPS 3Y-7.89%
EPS 5Y-1.38%
EPS Q2Q%-6.1%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)16.37%
Revenue growth 3Y12.86%
Revenue growth 5Y8.91%
Sales Q2Q%-0.93%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y10.21%
EBIT growth 3Y2.45%
EBIT growth 5Y5.46%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y63.79%
FCF growth 3Y-9.08%
FCF growth 5Y-0.36%
OCF growth 1Y47.07%
OCF growth 3Y-8.22%
OCF growth 5Y-1.51%