Company Valuation: Big Rock Brewery Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 33.16 42.95 13.56 10.6 7.558 19.6
Change - 29.52% -68.44% -21.84% -28.67% 159.28%
Enterprise Value (EV) 1 41.97 57.31 30.46 29.15 26.09 32.26
Change - 36.53% -46.85% -4.3% -10.51% 23.65%
P/E -47.5x -13.2x -1.91x -3.61x -0.56x -20x
PBR 0.95x 1.36x 0.54x 0.47x 0.82x 0.78x
PEG - -0x -0x 0.1x -0x 0.2x
Capitalization / Revenue 0.75x 0.93x 0.29x 0.24x 0.17x 0.4x
EV / Revenue 0.95x 1.25x 0.65x 0.67x 0.6x 0.66x
EV / EBITDA 9.53x 74x -7.52x 30.1x -6.52x 19.8x
EV / EBIT 30.7x -28.5x -4.4x -18.8x -4.25x -180x
EV / FCF 16.3x -11.4x 40.6x -30.1x -15.6x -4.16x
FCF Yield 6.13% -8.77% 2.46% -3.33% -6.41% -24%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.1 -0.4703 -1.02 -0.4207 -1.924 -0.04
Distribution rate - - - - - -
Net sales 1 43.98 45.98 47.1 43.68 43.36 49.09
EBITDA 1 4.404 0.774 -4.049 0.968 -3.999 1.629
EBIT 1 1.366 -2.011 -6.919 -1.554 -6.143 -0.179
Net income 1 -0.666 -3.257 -7.101 -2.933 -13.47 -0.929
Net Debt 1 8.81 14.35 16.9 18.56 18.53 12.66
Reference price 2 4.7500 6.2000 1.9500 1.5200 1.0800 0.8000
Nbr of stocks (in thousands) 6,982 6,928 6,952 6,970 6,998 24,494
Announcement Date 3/11/21 A 3/14/22 A 3/29/23 A 3/29/24 A 3/21/25 A 3/30/26 A
1CAD in Million2CAD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 11.95M
18.44x3.46x9.57x1.72% 164B
15.75x2.58x7.62x5.59% 49.23B
15.93x1.84x8.13x2.76% 44.87B
12.51x3.88x10.31x2.92% 24.77B
14.55x1.95x9.06x3.54% 18.91B
13.01x1.21x8.42x2.8% 13.99B
16.55x1.22x8.76x3.29% 13.93B
Average 15.25x 2.30x 8.84x 3.23% 41.2B
Weighted average by Cap. 16.72x 2.86x 9.03x 2.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Big Rock Brewery Inc.