BOLS - Lucas Bols N.V.

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Lucas Bols N.V. (AMS:BOLS) is a Dutch public company in the business of production, distribution, sales and marketing of alcoholic beverages. Its portfolio of over 20 brands includes names such as Bols, Galiano, Passoã, Damrak Gin and Vaccari Sambuca. The company was formerly owned by Remy Cointreau but through a management buyout in 2006 and went public in 2015 at €15.75 per share or at a valuation of €192 million.

 

The company has a book value of €192 million and €124 million in financial liabilities (+ €40 million in deferred tax liabilities). On the asset side, €307 million out of €381 million in total assets are intangible.

 

Revenues around €90 million. The company delivered a net profit of about €16.5 million in 2018/19 on NOA of about €21 million and €20.4 the year before.

 

Currently trades at around €12 per share or a market cap of €150. Trailing P/E of 8.8 and 5% dividend yield.

 

Here is a short write-up on Lucas Bols NV (AMS:BOLS)