Agencia Comercial Spirits Ltd. is a US-listed company in the beverages industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$5.1
Valuation models combined (2)
Base case. Range ~$3.5–$6.8. Weighted average of 2 models (residual income, justified price-to-book).
Price vs value
No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.
Agencia Comercial Spirits Ltd. valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Funds5 adding, 7 cuttingOf 1 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Where it stands out: revenue growth of 144.6% ranks 2 of 26 beverages companies we cover. Where it lags: change in growth rate of -41.4pp ranks 26 of 26 beverages companies we cover.
Current signal Balance sheet growing far ahead of sales: Total assets grew 621% year over year while revenue grew 145% — the balance sheet is expanding 477 points faster than the business it supports.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Fast growth. Revenue grew 144.6% over the last 12 months, against a median of 6.9% for beverages companies we cover.
- Net cash. Cash exceeds long-term debt by $0.0bn.
Things to watch
- Growth slowing. The growth rate is 41.4 points lower than a quarter earlier.
- Margins narrowing. Operating margin is down 27.3 points on a year ago.
- Share dilution. Diluted shares rose 27.3% in a year.
- Volatile shares. Over the past year the shares showed annualised volatility of 107% and a beta of 1.1 against the S&P 500.
- Gross margin slipping. Gross margin is down 19.4 points on a year ago.
- Below peers: days sales outstanding. Days sales outstanding of 235 days ranks 21 of 21 beverages companies we cover (median 33 days).
Price chart
- 1 day-7.4%
- 1 week-7.3%
- 1 month-8.3%
- This year+40.9%
- 1 year+157.0%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $6.2M
- Operating margin
- 12.6%
- Net margin
- 9.8%
- EPS (TTM, diluted)
- $0.04
Growth
- Revenue growth
- +144.6%
- Change in growth rate
- −41.4 pts
- Share count change
- +27.3%
News & updates
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for AGCC from the sources we follow. See filings →
Valuation models
We value Agencia Comercial Spirits Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 7.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.54 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$0.9 ~$0.8–$1.0 | Left out: out of range vs price (0.06x) |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$6.8 ~$4.5–$11 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$3.5 ~$2.8–$4.5 | Included |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | — | Does not apply: earnings are positive: price-to-earnings is the better measure |
| Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$5.1 ~$3.5–$6.8 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Agencia Comercial Spirits Ltd. with Beverages in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Valuation multiples over time Market data may be delayed
| At fiscal year end | 2025 |
|---|---|
| Share price | $9.76 |
| Market value | $155m |
| + Net debt (− = net cash) | −$3m |
| Enterprise value | $152m |
| Multiples | |
| Price / sales | 25.0x |
| Price / earnings | n/m |
| Price / free cash flow | — |
| EV / EBITDA | — |
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Forecasts and guidance
Analysts' consensus
No analyst estimates are published for Agencia Comercial Spirits Ltd.: too few analysts cover it.
Positioning
- Short interest
- 0.2% of tradable shares
- Days to cover
- 2.31 at average volume
- Short interest, 1 month
- −28% to October 15, 2026
- Held by institutions
- 0% of shares
- Held by insiders
- 79.8% of shares
- Employees
- 23 full time
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2026 to date |
|---|---|
| Return | |
| AGCC | +41% |
| Industry peers (median) | −15% |
| S&P 500 | +11% |
| Months that ended higher | |
| AGCC | 64% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| AGCC | −48% |
| S&P 500 | −9% |
Worst fall since October 22, 2025: 48% from April 22, 2026 to September 17, 2026. Getting back needed a 91% gain, and the shares have not yet recovered.
Price behaviour
- 52-week range
- $5.35 – $23.96
- From 52-week high
- −42.6%
- vs 50-day average
- −5.7%
- vs 200-day average
- −7.8%
- Volatility (1 year)
- 107%
- Beta vs S&P 500
- 1.09
Fundamentals
Where the money goes
Each dollar Agencia Comercial Spirits took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.
| Revenue | $6.2M | |
|---|---|---|
| Cost of revenue | $4.3M | 69.6% of revenue |
| Gross profit | $1.9M | 30.4% of revenue |
| Selling, general and admin | $1.1M | 17.8% of revenue |
| Operating income | $784,029 | 12.6% of revenue |
| Income tax | $180,697 | 2.9% of revenue |
| Net income | $609,382 | 9.8% of revenue |
Financial statements
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|
| Income | |||
| Revenue | 1 | 3 | 6 |
| Gross profit | 0 | 1 | 2 |
| Operating income | 0 | 1 | 1 |
| Net income | 0 | 1 | 1 |
| Diluted EPS | $0.02 | $0.06 | $0.04 |
| Growth (year on year) | |||
| Revenue | — | +186.0% | +144.6% |
| Operating income | — | +239.2% | −22.7% |
| Net income | — | +225.7% | −21.8% |
| Diluted EPS | — | +226.2% | −38.5% |
| Margins | |||
| Gross margin | 41.0% | 49.9% | 30.4% |
| Operating margin | 33.7% | 40.0% | 12.6% |
| Net margin | 27.0% | 30.7% | 9.8% |
| Cash flow | |||
| Cash from operations | −0 | −0 | −7 |
| Balance sheet | |||
| Cash | 0 | 0 | 16 |
| Total debt | 0 | 0 | 12 |
| Net debt (negative = net cash) | −0 | −0 | −3 |
| Diluted shares | 13m | 13m | 16m |
Financial health
- Short-term assets cover short-term liabilities $28m of assets due within a year against $18m of liabilities due within a year.
- Short-term assets cover long-term liabilities $28m short-term assets against $126,090 of longer-dated liabilities.
- More cash than debt $16m of cash against $36,996 of debt.
- Debt below 40% of shareholders' equity Debt is 0% of equity.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt −$7m of operating cash flow against $36,996 of debt.
- Operating profit covers interest at least five times over Operating income of $784,029 against $2,157 of interest.
Dividends, buybacks and capital spending
- Diluted share count
- +27.3%
- year over year
- Days sales outstanding
- 235 days
- receivables vs revenue
Competitors: side by side with peers
| Last 12 months unless stated | AGCC | WNW | EPSM | IPST | IBG | REED | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $6m | $7m | $5m | $10m | $3m | $29m | $723m |
| Revenue growth, last 12 months | 144.6% | >999% | −59.1% | 39.7% | −5.1% | −19.1% | 6.6% |
| Revenue growth, latest quarter | — | — | — | −44.3% | — | −21.4% | 6.4% |
| Gross margin | 30.4% | 10.1% | 14.7% | 65.4% | 44.2% | 18.0% | 42.6% |
| Operating margin | 12.6% | −124.1% | −29.2% | <−999% | −194.2% | −61.4% | −0.9% |
| Operating margin, 3-year average | — | — | — | −801.6% | — | −38.5% | 11.9% |
| Net margin | 9.8% | −262.5% | −29.3% | <−999% | −223.4% | −63.5% | −1.6% |
| Cash from operations / revenue | −120.8% | 127.6% | −46.5% | −164.4% | −56.3% | −50.2% | 9.9% |
| Free-cash-flow margin | — | 127.6% | −46.6% | −164.9% | −56.7% | −50.2% | 9.0% |
| Stock pay / revenue | — | 11.7% | — | 35.7% | 71.1% | 0.0% | 1.2% |
| Change in share count | 27.3% | 95.8% | 0.0% | — | 41.7% | 43.8% | 0.0% |
Peer comparison
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 144.6% | 6.9% | 2 of 26 |
| Change in growth rate Growth | -41.4pp | +0.6pp | 26 of 26 |
| Gross margin Profitability | 30.4% | 44.2% | 20 of 26 |
| Operating margin Profitability | 12.6% | -0.7% | 11 of 26 |
| Net margin Profitability | 9.8% | -1.5% | 8 of 26 |
| Long-term debt as % of assets Balance sheet | 0.1% | 12.9% | 2 of 18 |
| Change in share count Balance sheet | 27.3% | 0.0% | 17 of 19 |
| Days sales outstanding Balance sheet | 235 days | 33 days | 21 of 21 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
Who owns it
Funds buying and selling- Reported value
- $587,837
- Institutions reporting
- 7
- Shares held vs prior quarter
- ▼ 36.1%
- Positions opened / closed
- 4 / 5
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Jane Street Group, LLC | $196,305 | 13K | 33.4% | New |
| Geode Capital Management, LLC | $182,785 | 12K | 31.1% | ▲ 2.9% |
| Quadrature Capital Ltd | $171,551 | 11K | 29.2% | New |
| UBS Group AG | $32,294 | 2K | 5.5% | ▼ 39.6% |
| Jpmorgan Chase & Co | $3,963 | 0K | 0.7% | New |
| BNP Paribas Financial Markets | $515 | 0K | 0.1% | ▼ 94.2% |
| Caitong International Asset Management Co., Ltd | $424 | 0K | 0.1% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Agencia Comercial Spirits Ltd.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chartFrom insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Recent SEC filings
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Agencia Comercial Spirits Ltd. in brief
- What does Agencia Comercial Spirits Ltd. do?
- Agencia Comercial Spirits Ltd. is a US-listed company in the beverages industry. Its financial year ends in December.
- What is Agencia Comercial Spirits Ltd.'s stock ticker?
- Agencia Comercial Spirits Ltd. trades under the ticker AGCC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Agencia Comercial Spirits Ltd.'s revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Agencia Comercial Spirits Ltd. reported revenue of $6.2M, 144.6% higher than a year earlier, according to its SEC filings.
- Who are Agencia Comercial Spirits Ltd.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Jane Street Group, LLC, Geode Capital Management, LLC and Quadrature Capital Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- What is Agencia Comercial Spirits Ltd.'s market cap?
- On December 31, 2025, Agencia Comercial Spirits Ltd.'s market capitalisation was about $155M, with a price-to-earnings ratio of 254.9 and net debt of -$3.3M. Market figures come from third-party market data and may be delayed.
- How much debt does Agencia Comercial Spirits Ltd. have?
- Agencia Comercial Spirits Ltd.'s debt-to-equity ratio is 0.4%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
- Who are Agencia Comercial Spirits Ltd.'s competitors?
- In our Beverages peer group, the companies closest to Agencia Comercial Spirits Ltd. are Meiwu Technology Co Ltd, Epsium Enterprise Ltd, IP Strategy Holdings, Inc., Innovation Beverage Group Ltd and Reed's, Inc. The side-by-side comparison below sets their revenue, margins and growth against Agencia Comercial Spirits Ltd.'s.
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