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Heritage Distilling Holding Company, Inc. (IPST) 10-Year Financial Performance & Capital Metrics

IPST • • Industrial / General
Consumer DefensiveAlcoholic BeveragesCraft & Specialty Beverage ProducersBoutique Spirits & Mixology Brands
AboutHeritage Distilling Holding Company, Inc. produces, markets, and sells craft spirits (whiskeys, vodkas, gins, rums, ready-to-drink canned cocktails) via wholesale distribution, its own distilleries, tasting rooms, and online. Recently announced an “IP Strategy” involving building a treasury reserve of the Story Protocol’s native $IP token, reflecting a move into cryptocurrency / IP token treasury management.Show more
  • Revenue $8M +5.4%
  • EBITDA -$13M -40.5%
  • Net Income $710K +101.9%
  • EPS (Diluted) -39.40 +73.8%
  • Gross Margin 25.3% -6.2%
  • EBITDA Margin -156.22% -33.3%
  • Operating Margin -177.55% -25.6%
  • Net Margin 8.46% +101.8%
  • ROE 89.73%
  • ROIC -73.6% -42.4%
  • Debt/Equity 21.70
  • Interest Coverage -5.88 -32.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 89.7%
  • ✓Share count reduced 16.2% through buybacks
  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗High debt to equity ratio of 21.7x
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 1 (bottom 1%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y0.46%
TTM9.54%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM67085.14%

EPS CAGR

10Y-
5Y-
3Y-
TTM-158.63%

ROCE

10Y Avg-76.71%
5Y Avg-76.71%
3Y Avg-86.61%
Latest-105.15%

Peer Comparison

Boutique Spirits & Mixology Brands
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Valuation
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Quality & Returns
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Momentum & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IPSTHeritage Distilling Holding Company, Inc.15.01M1.57-0.045.41%21.33%43.1%21.70
IBGInnovation Beverage Group Limited5.93M1.71-1.10-6.88%-79.99%-10.09%0.07

Profit & Loss

Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+8.29M8.31M7.97M8.4M
Revenue Growth %-0%-0.04%0.05%
Cost of Goods Sold+6.05M6.1M5.82M6.28M
COGS % of Revenue0.73%0.73%0.73%0.75%
Gross Profit+2.24M2.21M2.15M2.13M
Gross Margin %0.27%0.27%0.27%0.25%
Gross Profit Growth %--0.01%-0.03%-0.01%
Operating Expenses+10.17M14.04M13.42M17.04M
OpEx % of Revenue1.23%1.69%1.68%2.03%
Selling, General & Admin9.27M12.79M10.04M13.83M
SG&A % of Revenue1.12%1.54%1.26%1.65%
Research & Development0000
R&D % of Revenue----
Other Operating Expenses892.24K1.25M3.38M3.22M
Operating Income+-7.93M-11.83M-11.26M-14.92M
Operating Margin %-0.96%-1.42%-1.41%-1.78%
Operating Income Growth %--0.49%0.05%-0.32%
EBITDA+-6.68M-9.94M-9.34M-13.13M
EBITDA Margin %-0.81%-1.2%-1.17%-1.56%
EBITDA Growth %--0.49%0.06%-0.41%
D&A (Non-Cash Add-back)1.25M1.89M1.92M1.79M
EBIT-4.55M-9.65M-34.26M3.26M
Net Interest Income+-2.66M-2.61M-2.53M-2.54M
Interest Income0000
Interest Expense2.66M2.61M2.53M2.54M
Other Income/Expense717.8K-432.77K-25.53M15.64M
Pretax Income+-7.21M-12.26M-36.79M719.61K
Pretax Margin %-0.87%-1.48%-4.62%0.09%
Income Tax+9.03K8.1K7K9.15K
Effective Tax Rate %1%1%1%0.99%
Net Income+-7.22M-12.27M-36.8M710.46K
Net Margin %-0.87%-1.48%-4.62%0.08%
Net Income Growth %--0.7%-2%1.02%
Net Income (Continuing)-7.22M-12.27M-36.8M710.46K
Discontinued Operations0000
Minority Interest0000
EPS (Diluted)+-17.40-50.20-150.40-39.40
EPS Growth %--1.89%-2%0.74%
EPS (Basic)-17.40-50.20-150.401.00
Diluted Shares Outstanding414.02K414.02K422.35K353.89K
Basic Shares Outstanding414.02K414.02K244.54K64.07K
Dividend Payout Ratio----

Balance Sheet

Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+5.71M5.45M5.27M3.92M
Cash & Short-Term Investments205.28K223.03K76.88K453.16K
Cash Only205.28K223.03K76.88K453.16K
Short-Term Investments0000
Accounts Receivable224.47K494.71K721.93K638.89K
Days Sales Outstanding9.8921.7333.0627.75
Inventory4.33M3.64M2.76M2.47M
Days Inventory Outstanding261.11218.02172.86143.73
Other Current Assets956.23K1.09M1.72M355.93K
Total Non-Current Assets+19.18M22.51M21M24.08M
Property, Plant & Equipment8.2M11.52M10.09M8.75M
Fixed Asset Turnover1.01x0.72x0.79x0.96x
Goodwill000589.87K
Intangible Assets000421.15K
Long-Term Investments10.86M10.86M10.86M14.29M
Other Non-Current Assets121.09K121.09K44.82K31.67K
Total Assets+24.9M27.96M26.27M28M
Asset Turnover0.33x0.30x0.30x0.30x
Asset Growth %-0.12%-0.06%0.07%
Total Current Liabilities+8.04M21.85M62.85M13.81M
Accounts Payable1.76M3.15M5.23M4.98M
Days Payables Outstanding106.48188.78327.91289.56
Short-Term Debt2.99M13.88M50.55M3.76M
Deferred Revenue (Current)0000
Other Current Liabilities849.87K997.36K1.83M1.25M
Current Ratio0.71x0.25x0.08x0.28x
Quick Ratio0.17x0.08x0.04x0.10x
Cash Conversion Cycle164.5150.97-122-118.08
Total Non-Current Liabilities+11.65M12.74M6.84M13.4M
Long-Term Debt11.21M8.04M1.45M9.48M
Capital Lease Obligations13.45K3.29M3.08M2.81M
Deferred Tax Liabilities0000
Other Non-Current Liabilities422.09K1.41M2.31M1.1M
Total Liabilities19.69M34.59M69.69M27.21M
Total Debt+14.27M26.66M56.38M17.18M
Net Debt14.07M26.44M56.31M16.73M
Debt / Equity2.74x--21.70x
Debt / EBITDA----
Net Debt / EBITDA----
Interest Coverage-2.98x-4.53x-4.46x-5.88x
Total Equity+5.21M-6.63M-43.42M791.77K
Equity Growth %--2.27%-5.55%1.02%
Book Value per Share12.58-16.02-102.812.24
Total Shareholders' Equity5.21M-6.63M-43.42M791.77K
Common Stock676767556
Retained Earnings-25.78M-38.05M-74.84M-74.13M
Treasury Stock0000
Accumulated OCI0000
Minority Interest0000

Cash Flow

Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-7.69M-9.3M-8.48M-11.22M
Operating CF Margin %-0.93%-1.12%-1.06%-1.33%
Operating CF Growth %--0.21%0.09%-0.32%
Net Income-7.22M-12.27M-36.8M710.46K
Depreciation & Amortization1.25M1.89M1.92M1.79M
Stock-Based Compensation73.22K86.66K18.59K4.89M
Deferred Taxes0000
Other Non-Cash Items-2.02M-1.01M23.48M-17.59M
Working Capital Changes231.55K2M2.89M-1.02M
Change in Receivables67.84K-270.24K-227.22K83.04K
Change in Inventory473.55K685.01K885.55K1.41M
Change in Payables0000
Cash from Investing+-1.19M-614.38K-24.11K-101.33K
Capital Expenditures-1.19M-639.38K-26.51K-106.42K
CapEx % of Revenue0.14%0.08%0%0.01%
Acquisitions----
Investments----
Other Investing025K2.4K0
Cash from Financing+8.88M9.93M8.36M11.69M
Debt Issued (Net)----
Equity Issued (Net)----
Dividends Paid0000
Share Repurchases----
Other Financing-1.19M-102.97K-262.9K1.08M
Net Change in Cash----
Free Cash Flow+-8.88M-9.94M-8.51M-11.32M
FCF Margin %-1.07%-1.2%-1.07%-1.35%
FCF Growth %--0.12%0.14%-0.33%
FCF per Share-21.44-24.00-20.14-31.99
FCF Conversion (FCF/Net Income)1.06x0.76x0.23x-15.79x
Interest Paid1.26M1.69M2.09M2.19M
Taxes Paid9.03K8.1K7K1.65K

Key Ratios

Metric2021202220232024
Return on Equity (ROE)-138.56%--89.73%
Return on Invested Capital (ROIC)-30.84%-45.39%-51.68%-73.6%
Gross Margin27.01%26.63%26.99%25.3%
Net Margin-87.11%-147.64%-461.64%8.46%
Debt / Equity2.74x--21.70x
Interest Coverage-2.98x-4.53x-4.46x-5.88x
FCF Conversion1.06x0.76x0.23x-15.79x
Revenue Growth-0.27%-4.07%5.41%

Frequently Asked Questions

Growth & Financials

Heritage Distilling Holding Company, Inc. (IPST) reported $8.5M in revenue for fiscal year 2024. This represents a 3% increase from $8.3M in 2021.

Heritage Distilling Holding Company, Inc. (IPST) grew revenue by 5.4% over the past year. This is steady growth.

Yes, Heritage Distilling Holding Company, Inc. (IPST) is profitable, generating $181.2M in net income for fiscal year 2024 (8.5% net margin).

Dividend & Returns

Heritage Distilling Holding Company, Inc. (IPST) has a return on equity (ROE) of 89.7%. This is excellent, indicating efficient use of shareholder capital.

Heritage Distilling Holding Company, Inc. (IPST) had negative free cash flow of $13.0M in fiscal year 2024, likely due to heavy capital investments.

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