# Corby Spirit and Wine Limited (CSW-A.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Consumer Defensive / Beverages. Price C$15.69, market value C$447 million.

## Valuation
- **P/E (trailing): 13.4×** (5-yr avg 14.5×, 3-yr avg 13.6×). Corby Spirit and Wine Limited trades at 13.4× trailing earnings, close to its own five-year average of 14.5×. The Consumer Defensive median in the September 2026 study was 20.1×. Forward P/E is 15.8×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.72**. A PEG of 0.72 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.6×**. Each dollar of revenue is priced at 1.6×.
- **Price / book: 2.4×**. The shares trade at 2.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.1×**. Enterprise value is 8.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.6%** (5-yr avg 6.6%). Free cash flow equals 7.6% of the market value, in line with its five-year average of 6.6%. Above 5% is generally attractive.
- **Earnings yield: 7.5%**. The inverse of the P/E: 7.5% of the price is earned each year.

## Profitability
- **Gross margin: 48.9%**. Corby Spirit and Wine Limited keeps 48.9% of revenue after the direct cost of what it sells.
- **Operating margin: 19.6%**. 19.6% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 12.3%**. 12.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.8%**. 17.8% on shareholders' equity is solid.
- **Return on invested capital: 13.2%**. Return on all capital, debt included, is 13.2%.
- **Return on assets: 8.0%**. Each dollar of assets produces 8.0% of profit.

## Growth
- **Revenue growth (1 yr): 10.1%** (3-yr 18.6%/yr, 5-yr 11.2%/yr). Revenue grew 10.1% over the last year, against 11.2% a year compounded over five years.
- **EPS growth (1 yr): 21.9%** (3-yr 15.0%/yr, 5-yr 1.8%/yr). Earnings per share rose 21.9%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 3.3%/yr**. Free cash flow has compounded at 3.3% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.56**. Debt is 0.56 times equity, moderate leverage.
- **Net debt / EBITDA: 1.5×**. It would take 1.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 7.2×**. Operating profit covers interest 7.2× over, a safe margin.
- **Current ratio: 2.34** (quick 1.19). Current assets cover the next year's liabilities 2.34 times.
- **Altman Z-score: 3.24**. A Z-score of 3.24 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 6.37%** (C$0.96 per share, trailing). Corby Spirit and Wine Limited yields 6.37%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 80%** (79% of free cash flow). 80% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 1.8%/yr** (1-yr 7.0%). The dividend has grown 1.8% a year over five years.

## Analyst view
- **Analyst consensus: strong_buy** (1 analyst). 1 analysts cover Corby Spirit and Wine Limited; the consensus is strong_buy, with an average price target of C$22.00 (+40% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 14.2%** (YTD 9.5%, 3-mo 5.2%). The shares are up 14.2% over twelve months including dividends.
- **From 52-week high: -6.8%** (17.5% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 0.17** (volatility 18%). Beta of 0.17 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CSW-A.TO · Page: https://foliofundamentals.com/stocks/csw-a.to

Not investment advice.