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Stock Spirits Group

DB:7SI
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7SI
DB
£411M
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Stock Spirits Group PLC produces and distributes branded spirits in Central and Eastern Europe. The last earnings update was 151 days ago. More info.


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7SI Share Price and Events
7 Day Returns
-6.5%
DB:7SI
-0.2%
DE Beverage
2.5%
DE Market
1 Year Returns
4.2%
DB:7SI
4.9%
DE Beverage
2.6%
DE Market
7SI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Stock Spirits Group (7SI) -6.5% -9.2% -2.7% 4.2% 47.6% -37.1%
DE Beverage -0.2% 2.3% -1.1% 4.9% 24.3% 68.1%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • 7SI matched the Beverage industry (4.9%) over the past year.
  • 7SI outperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
7SI
Industry
5yr Volatility vs Market

7SI Value

 Is Stock Spirits Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Stock Spirits Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Stock Spirits Group.

DB:7SI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:7SI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.508 (1 + (1- 19%) (21.37%))
0.729
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 6.65%)
5.55%

Discounted Cash Flow Calculation for DB:7SI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Stock Spirits Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:7SI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.55%)
2020 38.28 Analyst x4 36.26
2021 41.93 Analyst x4 37.63
2022 45.85 Analyst x2 38.99
2023 43.80 Analyst x1 35.29
2024 42.54 Est @ -2.88% 32.47
2025 41.71 Est @ -1.95% 30.17
2026 41.17 Est @ -1.29% 28.21
2027 40.83 Est @ -0.84% 26.51
2028 40.62 Est @ -0.52% 24.98
2029 40.50 Est @ -0.29% 23.60
Present value of next 10 years cash flows €314.00
DB:7SI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €40.50 × (1 + 0.23%) ÷ (5.55% – 0.23%)
€762.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €762.93 ÷ (1 + 5.55%)10
€444.62
DB:7SI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €314.00 + €444.62
€758.62
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €758.62 / 198.47
€3.82
DB:7SI Discount to Share Price
Calculation Result
Exchange Rate EUR/GBP
(Reporting currency to currency of LSE:STCK)
0.871
Value per Share
(GBP)
= Value per Share in EUR x Exchange Rate (EUR/GBP)
= €3.82 x 0.871
£3.33
Non-primary Listing Adjustment Factor 1 share in DB:7SI represents 1.14252x of LSE:STCK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.14252x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 3.33 x 1.14252
€3.80
Value per share (EUR) From above. €3.80
Current discount Discount to share price of €2.37
= -1 x (€2.37 - €3.80) / €3.80
37.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Stock Spirits Group is available for.
Intrinsic value
38%
Share price is €2.37 vs Future cash flow value of €3.8
Current Discount Checks
For Stock Spirits Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Stock Spirits Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Stock Spirits Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Stock Spirits Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Stock Spirits Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7SI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.17
LSE:STCK Share Price ** LSE (2019-10-11) in GBP £2.07
LSE:STCK Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.148 €2.38
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.57x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Stock Spirits Group.

DB:7SI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:STCK Share Price ÷ EPS (both in EUR)

= 2.38 ÷ 0.17

14.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stock Spirits Group is good value based on earnings compared to the DE Beverage industry average.
  • Stock Spirits Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Stock Spirits Group's expected growth come at a high price?
Raw Data
DB:7SI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
14.6%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.84x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:7SI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.28x ÷ 14.6%

0.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stock Spirits Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Stock Spirits Group's assets?
Raw Data
DB:7SI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €1.75
LSE:STCK Share Price * LSE (2019-10-11) in GBP £2.07
LSE:STCK Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.148 €2.38
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.56x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:7SI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:STCK Share Price ÷ Book Value per Share (both in EUR)

= 2.38 ÷ 1.75

1.36x

* Primary Listing of Stock Spirits Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stock Spirits Group is good value based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Stock Spirits Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Stock Spirits Group has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

7SI Future Performance

 How is Stock Spirits Group expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Stock Spirits Group expected to grow at an attractive rate?
  • Stock Spirits Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Stock Spirits Group's earnings growth is expected to exceed the Germany market average.
  • Stock Spirits Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:7SI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7SI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 14.6%
DB:7SI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 4.8%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.7%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:7SI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7SI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-09-30 382 1
2023-09-30 360 58 2
2022-09-30 347 57 2
2021-12-31 333 43 1
2021-09-30 330 55 40 7
2020-12-31 325 40 1
2020-09-30 317 52 38 8
2019-12-31 305 23 1
2019-10-12
2019-09-30 303 48 30 6
DB:7SI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 270 65 33
2018-12-31 264 64 29
2018-09-30 258 63 26
2018-06-30 281 46 12
2018-03-31 278 46 12
2017-12-31 270 47 11
2017-09-30 266 59 22
2017-06-30 263 71 32
2017-03-31 262 62 30
2016-12-31 261 54 28
2016-09-30 266 60 28
2016-06-30 271 66 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Stock Spirits Group's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
  • Stock Spirits Group's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:7SI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Stock Spirits Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7SI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-09-30
2023-09-30
2022-09-30
2021-12-31 0.22 0.22 0.22 1.00
2021-09-30 0.21 0.21 0.20 3.00
2020-12-31 0.20 0.20 0.20 1.00
2020-09-30 0.20 0.20 0.19 3.00
2019-12-31 0.11 0.11 0.11 1.00
2019-10-12
2019-09-30 0.14 0.18 0.11 3.00
DB:7SI Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.17
2018-12-31 0.15
2018-09-30 0.13
2018-06-30 0.06
2018-03-31 0.06
2017-12-31 0.06
2017-09-30 0.11
2017-06-30 0.16
2017-03-31 0.15
2016-12-31 0.14
2016-09-30 0.14
2016-06-30 0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Stock Spirits Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Stock Spirits Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Stock Spirits Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

7SI Past Performance

  How has Stock Spirits Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Stock Spirits Group's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Stock Spirits Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Stock Spirits Group's 1-year earnings growth exceeds its 5-year average (178.9% vs -5.8%)
  • Stock Spirits Group's earnings growth has exceeded the DE Beverage industry average in the past year (178.9% vs -2%).
Earnings and Revenue History
Stock Spirits Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Stock Spirits Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7SI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 270.21 32.99 57.98
2018-12-31 264.28 29.35 57.78
2018-09-30 258.35 25.71 57.59
2018-06-30 280.84 12.33 64.21
2018-03-31 277.72 11.83 63.65
2017-12-31 269.84 11.33 59.99
2017-09-30 266.32 21.54 57.99
2017-06-30 262.81 31.75 55.99
2017-03-31 261.89 30.09 58.05
2016-12-31 260.97 28.44 60.11
2016-09-30 265.78 28.00 60.68
2016-06-30 270.59 27.57 61.24
2016-03-31 266.62 23.49 62.52
2015-12-31 262.65 19.42 63.81
2015-09-30 262.83 19.33 65.42
2015-06-30 263.00 19.24 67.03
2015-03-31 277.84 27.54 66.30
2014-12-31 292.68 35.84 65.56
2014-09-30 308.91 36.14 70.10
2014-06-30 325.13 36.45 74.63
2014-03-31 332.84 22.67 74.73
2013-12-31 340.54 8.89 74.83
2013-09-30 325.84 15.62 65.60
2013-06-30 311.14 22.35 44.78
2013-03-31 301.79 24.25 49.91
2012-12-31 292.45 26.16 55.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Stock Spirits Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Stock Spirits Group used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Stock Spirits Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Stock Spirits Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Stock Spirits Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

7SI Health

 How is Stock Spirits Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Stock Spirits Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Stock Spirits Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Stock Spirits Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Stock Spirits Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Stock Spirits Group Company Filings, last reported 6 months ago.

DB:7SI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 346.33 100.56 75.70
2018-12-31 346.33 100.56 75.70
2018-09-30 351.88 81.32 50.14
2018-06-30 344.76 88.67 50.38
2018-03-31 344.76 88.67 50.38
2017-12-31 354.31 114.10 61.34
2017-09-30 354.31 114.10 61.34
2017-06-30 356.63 89.59 49.93
2017-03-31 356.63 89.59 49.93
2016-12-31 348.58 134.20 74.96
2016-09-30 348.58 134.20 74.96
2016-06-30 356.21 134.98 77.57
2016-03-31 356.21 134.98 77.57
2015-12-31 364.86 132.28 75.81
2015-09-30 364.86 132.28 75.81
2015-06-30 351.73 159.01 72.32
2015-03-31 351.73 159.01 72.32
2014-12-31 343.50 159.61 82.91
2014-09-30 343.50 159.61 82.91
2014-06-30 333.04 166.42 76.41
2014-03-31 333.04 166.42 76.41
2013-12-31 318.31 169.83 129.61
2013-09-30 320.07 169.83 129.61
2013-06-30 100.11 360.71 54.11
2013-03-31 100.11 360.71 54.11
2012-12-31 114.15 429.91 138.72
  • Stock Spirits Group's level of debt (29%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (49.9% vs 29% today).
  • Debt is well covered by operating cash flow (64.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.4x coverage).
X
Financial health checks
We assess Stock Spirits Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Stock Spirits Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

7SI Dividends

 What is Stock Spirits Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.58%
Current annual income from Stock Spirits Group dividends. Estimated to be 4.24% next year.
If you bought €2,000 of Stock Spirits Group shares you are expected to receive €72 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Stock Spirits Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Stock Spirits Group's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:7SI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:7SI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-09-30
2023-09-30 0.11 1.00
2022-09-30 0.12 2.00
2021-12-31 0.09 1.00
2021-09-30 0.10 6.00
2020-12-31 0.09 1.00
2020-09-30 0.10 6.00
2019-12-31 0.09 1.00
2019-10-12
2019-09-30 0.09 6.00
DB:7SI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-12-05 0.085 3.345
2018-03-07 0.081 3.255
2017-04-06 0.077 3.146
2017-03-08 0.077 3.619
2016-04-11 0.058 2.952
2016-03-10 0.058 3.093
2015-04-08 0.050 2.200
2015-03-12 0.050 1.709
2014-08-28 0.025 0.793

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Stock Spirits Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Stock Spirits Group only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Stock Spirits Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Stock Spirits Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Stock Spirits Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Stock Spirits Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

7SI Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mirek Stachowicz
COMPENSATION €935,209
TENURE AS CEO 3.2 years
CEO Bio

Mr. Miroslaw Boguslaw Stachowicz, also known as Mirek, has been the Chief Executive Officer of Stock Spirits Group plc since August 10, 2016 and its Executive Director since November 9, 2015. Previously, Mr. Stachowicz served as an Interim Chief Executive Officer of Stock Spirits Group plc from April 2016 to August 2016. Mr. Stachowicz served as Independent Non-Executive Director since November 2015 at Stock Spirits Group plc. He served as Managing Director of the CEE region and member of European Management Teams in FMCG multinationals. From 2008 to 2011, he served as Managing Director of Central Europe at AkzoNobel Decorative Paints and Member of the AkzoNobel Decorative Europe Leadership Team. From 2005 to 2008, he served as Managing Director of Poland, Eastern Europe & Russia at ICI Paints. From 1998 to 2005, he served as General Manager of Poland, ICI Paints and member of the ICI Paints Europe Leadership Team. From 1995 to 1997, he served as General Manager of Bestfoods/CPC Romania Srl. He served as Projects Manager of Eastern Europe, Bestfoods/CPC Consumer Foods Ltd. from 1994 to 1995. He served as Senior Project Manager of Central Europe Trust Ltd. from 1992 to 1994. From 1989 to 1991, he served as Research Associate at International Business Research Centre. Mr. Stachowicz worked in Canada, UK, Belgium and Romania. He advises a number of other private equity investors and international companies. He led a highly international career working in consumer-facing companies and advising a number of multinationals on their market entry strategy into the CEE. He served as Chairman of Supervisory Board at Grupa Pracuj S.A., since 2012 until December 6, 2016 and X-press Couriers since 2012. He served as Vice-Chairman of the Supervisory Board at Harper Hygienics S.A. since March 2013. He has been Vice-Chairman of Harper Hygenics since 2012. He has been Member of the Supervisory Board at Paged S.A., since May 15, 2016. He has been a Member of the Supervisory Board at Nitroerg S.A. since 2012. He served as a Member of the Supervisory Board at CCC S.A. since June 24, 2015 until January 31, 2017. Mr. Stachowicz served as a Member of Supervisory Board, Centre for Oncological Diagnostics and Treatment from 2013 to 2014. He served as a Member of Advisory Board, Lynka from 2012 to 2014. He served as a Board Advisor of McCormick Polska since 2015. He has been President of the Foundation and Think-tank Onkologi 2025 since April 2014. He has been a Member of the Polish Chapter of the World President Organisation since 2006; the Polish Institute of Directors since 2012, the Brand Council for Superbrands Poland since 2012. He served as a Member of Supervisory Board at Grupa Pracuj S.A., since 2012 until December 6, 2016. He participates in the PWC Supervisory Board Forum and KPMG Institute for Audit Committees. He obtained International Directors Programme from INSEAD, Fontainbleu, France in 2013. He holds Master of Arts in International Affairs and Economic Development from The Carleton University, Norman Patterson School of International Studies, Ottawa, Canada in 1989. He holds MA thesis on the inter-enterprise economic integration in the Soviet Block in 1989. He holds Graduate Diploma in International Affairs; Courses selection focused on international economics from The Johns Hopkins University, School of Advanced International Studies, Bologna Centre, Bologna, Italy in 1987. Mr. Stachowicz holds Master of Arts in Political Science and Journalism from Jagiellonian University, Krakow , Poland in 1986 and MA thesis on the Berlin Wall crisis and the Cuban Missile crisis in 1986.

CEO Compensation
  • Mirek's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mirek's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Stock Spirits Group management team in years:

3.2
Average Tenure
  • The tenure for the Stock Spirits Group management team is about average.
Management Team

Mirek Stachowicz

TITLE
CEO & Executive Director
COMPENSATION
€935K
TENURE
3.2 yrs

Raj Bal

TITLE
CFO & Director
COMPENSATION
€640K
TENURE
1.9 yrs

Andrew Mills

TITLE
Investor Relations Director

Steve Weatherley

TITLE
Group General Counsel
TENURE
2.4 yrs

Richard Hayes

TITLE
Group Sales & Marketing Director
AGE
54

Jagoda Palider

TITLE
Group HR Director
TENURE
1.4 yrs

Roman Pocs

TITLE
Managing Director of Slovakia

Michael Kennedy

TITLE
Managing Director of Italy & International
TENURE
4.8 yrs

Jan Havlis

TITLE
Managing Director of Czech Republic
TENURE
3.7 yrs

Marek Sypek

TITLE
Managing Director of Poland
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Stock Spirits Group board of directors in years:

3
Average Tenure
64
Average Age
  • The tenure for the Stock Spirits Group board of directors is about average.
Board of Directors

David Maloney

TITLE
Non-Executive Chairman
COMPENSATION
€145K
AGE
64
TENURE
4.4 yrs

Mirek Stachowicz

TITLE
CEO & Executive Director
COMPENSATION
€935K
TENURE
3.9 yrs

Raj Bal

TITLE
CFO & Director
COMPENSATION
€640K
TENURE
1.4 yrs

John Ross Nicolson

TITLE
Senior Independent Non-Executive Director
COMPENSATION
€61K
AGE
66
TENURE
3 yrs

Mike Butterworth

TITLE
Independent Non-Executive Director
COMPENSATION
€56K
AGE
58
TENURE
3 yrs

Tomasz Blawat

TITLE
Independent Non-Executive Director
COMPENSATION
€48K
TENURE
3 yrs

Diego Bevilacqua

TITLE
Independent Non-Executive Director
COMPENSATION
€48K
AGE
65
TENURE
3 yrs

Kate Allum

TITLE
Independent Non-Executive Director
AGE
54
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Stock Spirits Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Stock Spirits Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

7SI News

Simply Wall St News

7SI Company Info

Description

Stock Spirits Group PLC produces and distributes branded spirits in Central and Eastern Europe. It offers a range of spirits, including vodka, vodka-based liqueurs, rum, brandy, wines, whisky, gin, herbal bitters, and limoncello. Its primary brands include 1906, Amundsen, Amundsen Expedition, Balsam Bialy, Božkov Vodka, Keglevich Dry, Lubelska Biala Trzy Zboza, Nordic Ice Vodka, Orkisz, Pražská Vodka, Saska, Silver, Spiritis, Stock Prestige, Vodka No.1, Wódka Zubr, and Zoladkowa de Luxe. The company also exports its products to approximately 50 countries worldwide. Stock Spirits Group PLC was founded in 1884 and is based in Wooburn Green, the United Kingdom.

Details
Name: Stock Spirits Group PLC
7SI
Exchange: DB
Founded: 1884
£471,575,185
198,470,133
Website: http://www.stockspirits.com
Address: Stock Spirits Group PLC
Solar House,
Mercury Park,
Wooburn Green,
Buckinghamshire, HP10 0HH,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE STCK Ordinary Shares London Stock Exchange GB GBP 22. Oct 2013
OTCPK SPPG.F Ordinary Shares Pink Sheets LLC US USD 22. Oct 2013
DB 7SI Ordinary Shares Deutsche Boerse AG DE EUR 22. Oct 2013
SEP STOCK Ordinary Shares The Stock Exchange Prague Co. Ltd. CZ CZK 22. Oct 2013
BATS-CHIXE STCKL Ordinary Shares BATS 'Chi-X Europe' GB GBP 22. Oct 2013
Number of employees
Current staff
Staff numbers
1,003
Stock Spirits Group employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:20
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/08
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.