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
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.80

24 Sep
2021

0.120

OPEN

$4.75

2.56%

HIGH

$4.80

134,065

LOW

$4.65

TARGET
$5.77 20.2% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
LRK: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 5.7 10.4 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 83.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 46.2 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 0.0% 0.0% xxx

Dividend yield today if purchased 3 years ago: N/A

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
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Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx5.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx16.5 M
Book Value Per Share xxxxxxxxxxxxxxx79.9
Net Operating Cash Flow xxxxxxxxxxxxxxx-6.4 M
Net Profit Margin xxxxxxxxxxxxxxx20.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx6.45 %
Return on Equity xxxxxxxxxxxxxxx7.84 %
Return on Total Capital xxxxxxxxxxxxxxx1.18 %
Capex xxxxxxxxxxxxxxx0.8 M
Capex % of Sales xxxxxxxxxxxxxxx4.76 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-7.1 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

1.0

No. Of Recommendations

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

Ord Minnett

31/08/2021

1

Buy

$5.77

20.21%

Lark Distilling's FY21 revenues and cost of goods sold (COGS) were slightly above Ord Minnett's expectations resulting in a gross profit of $8.7m.

Lark’s guidance of doubling sales means that the FY21 revenue performance translates to upgrades in FY22, FY23, and FY24. The result of this is low single-digit upgrades to Ord Minnett's earnings estimates in FY22, FY23, and FY24.

Ord Minnett retains its Buy rating and the target price increases to $5.77 from $5.41, which the broker considers reasonable given
Lark’s premium price point, high net sales gross margins, substantial whisky under maturation, and significant forecast sales growth.

FORECAST
Ord Minnett forecasts a full year FY22 dividend of 0.00 cents and EPS of 10.40 cents.
Ord Minnett forecasts a full year FY23 dividend of 0.00 cents and EPS of 24.30 cents.

LRK STOCK CHART