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 11/03/21 14/03/22 29/03/23 29/03/24 21/03/25 30/03/26
1CAD in Million2CAD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.05Cr
17.13x3.55x9.84x1.61% 17TCr
16.99x1.91x8.46x2.58% 4.86TCr
15.34x2.53x7.53x6.49% 4.86TCr
10.88x3.59x9.63x3.17% 2.22TCr
15.61x2.02x9.4x3.28% 2.05TCr
13.09x1.25x8.71x3.3% 1.53TCr
13.56x1.25x8.68x2.59% 1.48TCr
Average 14.66x 2.30x 8.89x 3.29% 4.26TCr
Weighted average by Cap. 16.02x 2.88x 9.17x 2.77%

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.