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Andrew Peller Ltd T.ADW.A

Alternate Symbol(s):  T.ADW.B | ADWPF

Consumer Defensive Beverages - Wineries & Distilleries
Andrew Peller Limited is a producer and marketer of wines and craft beverage alcohol products in Canada. With wineries in British Columbia, Ontario and Nova Scotia, the Company markets wines produced from grapes grown in Ontario’s Niagara Peninsula, British Columbia’s Okanagan and Similkameen Valleys, and from vineyards around the world. Its premium and ultra-premium Vintners’ Quality Alliance brands include Peller Estates, Trius, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Black Hills Estate Winery, Tinhorn Creek Vineyards, Gray Monk Estate Winery, Raven Conspiracy and Conviction. It imports wines from various wine regions around the world to blend with domestic wine to craft these products. It also produces craft beverage alcohol products, including No Boats on Sunday ciders and seltzers, and various spirits and cream whisky products under the Wayne Gretzky No. 99 brand. It produces and markets premium personal winemaking products through its subsidiary, Global Vintners Inc.


TSX:ADW.A - Post by User

Andrew Peller Ltd > LEADERSHIP LEAVING PELLER
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Comment by TheCount11on May 24, 2023 2:35pm
134 Views
Post# 35462339

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LEADERSHIP LEAVING PELLER

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LEADERSHIP LEAVING PELLERI agree that there is a lot of 'embedded value' in their hard assets.  I also think they have done a great job of creating the Niagara experience using their hard assets.

Unfortunately financial leverage cuts both ways.  Debt holders have limited upside so they have covenants.
Assets are funded through Debt and Equity.  The Return On Assets is Net Income divided by Total Assets.  Higher Interest costs lowers Return on Assets. 

Assets are $562M.  YTD (9 moths) profits were $6.7M of which Wine Sector Support Grant was $7.2M.

If we assume company ends the year with $9M in profits the ROA would be 1.6% ignoring the grant.  If Debt has an interest rate of 6.4% then it takes 4 dollars of Assets to cover 1 dollar of Debt.
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