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1. Company Snapshot

1.a. Company Description

Lucas Bols N.V. produces, bottles, markets, distributes, and sells cocktail and spirits.The company offers a range of spirits products, including liqueurs, genever, gin, and vodka under the Bols, Galliano, Passoã, Bokma, Bols Genevers, Coebergh, Damrak, Hartevelt, Henkes, Hoppe, KLM houses, Nuvo, Pallini, Pisang Ambon, Tequila Partida, Vaccari, Wynand Fockink, and Zwarte Kip brands.It operates in approximately 110 countries worldwide.


Lucas Bols N.V. was formerly known as Lucas Bols Holding B.V. The company was founded in 1575 and is headquartered in Amsterdam, the Netherlands.

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1.b. Last Insights on BOLS

Lucas Bols N.V.'s recent performance was driven by higher depletions, indicating increased demand for its products. The company's majority ownership by Nolet, a fellow Netherlands-based distiller, has likely contributed to this growth. Additionally, the recent news of increased sales and revenue growth in the short term suggests a positive trend. The company's focus on expanding its product portfolio and geographic reach has also likely contributed to its recent success.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Lucas Bols books lower revenue but higher depletions

May -16

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Lucas Bols books lower revenue but higher depletions

May -16

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Is It Worth Considering Forbo Holding AG (VTX:FORN) For Its Upcoming Dividend?

Apr -07

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Why Lucas Bols N.V. (AMS:BOLS) Could Be Worth Watching

Oct -10

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Lucas Bols N.V.'s (AMS:BOLS) top owners are private companies with 46% stake, while 36% is held by individual investors

Sep -10

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Shareholders in Lucas Bols (AMS:BOLS) are in the red if they invested five years ago

Jun -08

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.29%)

6. Segments

Global Cocktail Brands

Expected Growth: 3.5%

Lucas Bols N.V.'s 3.5% growth in global cocktail brands is driven by increasing demand for premiumization, rising popularity of craft cocktails, and expansion into new markets, particularly in Asia and Latin America. Additionally, the company's strategic partnerships, innovative product launches, and effective marketing campaigns contribute to its growth momentum.

Regional Liqueurs & Spirits

Expected Growth: 2.8%

Lucas Bols N.V.'s Regional Liqueurs & Spirits segment growth of 2.8% is driven by increasing demand for premium and craft spirits, expansion in emerging markets, and strategic partnerships. Additionally, the company's focus on innovation, marketing, and distribution efficiency also contribute to the growth.

7. Detailed Products

Galliano L'Autentico

A premium Italian liqueur made from a secret blend of herbs, roots, and plants, used in cocktails and mixed drinks.

Bols liqueurs

A range of flavored liqueurs, including triple sec, blue curaçao, and peach schnapps, used in cocktails and desserts.

Passoã

A passion fruit-flavored liqueur, used in tropical cocktails and desserts.

Bols Genever

A traditional Dutch spirit, made from a combination of grains and flavored with juniper berries, used in cocktails and as a shot.

Lucas Bols Vodka

A premium vodka, made from wheat and rye grains, used in cocktails and as a shot.

8. Lucas Bols N.V.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Lucas Bols N.V. is medium due to the presence of alternative beverages in the market, such as wine, beer, and soft drinks. However, the company's strong brand portfolio and product differentiation mitigate this threat to some extent.

Bargaining Power Of Customers

The bargaining power of customers is low for Lucas Bols N.V. due to the company's strong brand recognition and customer loyalty. Additionally, the company's products are often sold through intermediaries, reducing the direct bargaining power of customers.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium for Lucas Bols N.V. due to the company's dependence on a few large suppliers for raw materials such as grains and fruits. However, the company's long-term contracts and relationships with suppliers mitigate this threat to some extent.

Threat Of New Entrants

The threat of new entrants is low for Lucas Bols N.V. due to the high barriers to entry in the spirits industry, including high capital requirements, complex regulatory frameworks, and established distribution networks.

Intensity Of Rivalry

The intensity of rivalry is high for Lucas Bols N.V. due to the presence of several established players in the spirits industry, including Diageo, Pernod Ricard, and Bacardi. The company faces intense competition in terms of pricing, product innovation, and marketing.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 25.13%
Debt Cost 7.31%
Equity Weight 74.87%
Equity Cost 7.61%
WACC 7.54%
Leverage 33.57%

11. Quality Control: Lucas Bols N.V. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Oeneo

A-Score: 5.1/10

Value: 4.7

Growth: 4.2

Quality: 6.0

Yield: 4.4

Momentum: 1.5

Volatility: 9.7

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Anora

A-Score: 5.0/10

Value: 7.4

Growth: 1.9

Quality: 3.1

Yield: 9.4

Momentum: 1.5

Volatility: 7.0

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Viva Wine

A-Score: 4.7/10

Value: 4.3

Growth: 4.1

Quality: 4.3

Yield: 5.6

Momentum: 1.0

Volatility: 9.0

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Lanson-BCC

A-Score: 4.5/10

Value: 6.1

Growth: 4.1

Quality: 3.1

Yield: 4.4

Momentum: 1.5

Volatility: 8.0

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Marie Brizard Wine & Spirits

A-Score: 4.2/10

Value: 2.7

Growth: 4.6

Quality: 4.1

Yield: 0.0

Momentum: 5.5

Volatility: 8.3

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Lucas Bols

A-Score: 2.9/10

Value: 4.5

Growth: 3.4

Quality: 4.6

Yield: 0.6

Momentum: 4.0

Volatility: 0.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

18.05$

Current Price

18.05$

Potential

-0.00%

Expected Cash-Flows