Présentation de l'entreprise
Splash Beverage Group, Inc. (SBEV) operates within the Consumer Defensive sector, specifically focusing on the Beverages - Wineries & Distilleries industry, where it engages in the manufacturing, distribution, marketing, and sale of various beverages across the United States. The company's operational scope encompasses two distinct segments: the Manufacture and Distribution of Non-Alcoholic and Alcoholic Beverages, alongside the Retail Sale of Beverages And Groceries Online. This diversified approach allows the entity to capture value from both production and direct-to-consumer retail channels. In terms of scale, the company holds a market capitalization of $1.20M and reports an annual revenue of $1.02M, supported by a workforce of 21 employees. These financial metrics indicate that Splash Beverage Group is a micro-cap entity with a very limited operational footprint, suggesting a niche market presence rather than a broad market leader. The combination of low market capitalization and modest revenue figures reflects a small-scale operation that likely faces significant challenges in achieving economies of scale typical of larger industry peers.
Santé financière
The financial performance of the company is characterized by a revenue of $1.02M (TTM), a net income of $-31,068,968, and an EBITDA of $-15,075,143. The substantial divergence between the relatively low revenue of $1.02M and the significantly negative net income of $-31,068,968 reveals a highly fragile cost structure where operating expenses and costs of goods sold far exceed total sales, resulting in a loss that is disproportionately large compared to the top line. Despite the negative net income, the company generates a free cash flow of $420,550, which provides a degree of financial flexibility by indicating that the company is still producing positive cash from operations despite accounting losses. However, this positive cash flow must be weighed against the company's liquidity position, as it holds cash of $265,667 while carrying a total debt load of $6.41M. The balance sheet is heavily leveraged, evidenced by a debt-to-equity ratio of 94.59, which implies that the company relies significantly on creditor financing rather than shareholder equity to fund its operations. Liquidity concerns are further highlighted by a current ratio of 0.13, indicating that the company's current assets are insufficient to cover its short-term liabilities without external financing or asset liquidation. Furthermore, the return on equity is listed as N/A due to the lack of positive equity returns, while the return on assets stands at -62.1%, demonstrating that management has failed to generate any positive return on the assets employed in the business.
Évaluation de la valorisation
Valuation multiples for Splash Beverage Group, Inc. present a complex picture, with a trailing P/E (TTM) listed as N/A due to the absence of positive earnings, and a forward P/E of -1.78. The negative forward P/E suggests that the market is pricing in a recovery of earnings or is utilizing alternative valuation methods given the current loss position, implying that traditional earnings-based valuation models are currently inapplicable. The price-to-book ratio is 0.14, indicating that the market values the company at a fraction of its book value, which typically signals a deep discount or significant perceived risk regarding the quality of assets. Alternative valuation metrics further complicate the picture, with a price-to-sales ratio of 1.17 and an EV/EBITDA of -0.47, suggesting that investors are willing to pay over one dollar in valuation for every dollar of sales generated, despite the negative earnings before interest, taxes, depreciation, and amortization. Regarding price volatility, the stock has a 52-week high of $9.79 and a 52-week low of $0.33, meaning the current trading price sits significantly below the peak, reflecting a substantial decline in market sentiment over the past year. The beta of -0.99 is a critical metric indicating that the stock's price moves inversely to the broader market, suggesting a high degree of idiosyncratic risk and volatility that is not correlated with standard market movements.
Growth & Income
The growth profile of Splash Beverage Group, Inc. is constrained by a lack of historical data, as the revenue growth (YoY) and earnings growth (YoY) are both listed as N/A. The absence of positive earnings growth relative to revenue is inherent in the situation, as the company is currently operating at a loss with no positive earnings to grow, which implies that any future growth will depend entirely on cost reductions or revenue expansion. Regarding income generation, the company does not pay dividends, as indicated by a dividend yield of N/A and a payout ratio of 0.0%. This zero payout ratio is sustainable only in the context of the company's current inability to distribute profits, necessitating that all available cash flows and earnings be reinvested into the business to attempt a turnaround rather than being returned to shareholders. Consequently, the overall growth and income profile is defined by a reliance on internal cash generation to service debt and fund operations, with no current mechanism for income distribution to investors. The company's strategy appears to be purely growth-oriented in the sense of attempting to reverse losses, but the lack of growth rates and positive income metrics presents a challenging outlook for capital preservation and appreciation.