Monday, 25 November 2024

Sweetness in Single origin Coffees

 what is the sweetest single origin coffee?

“Sweetest” in coffee terms usually means the cup has natural sugar-like flavors (think honey, caramel, fruit, or chocolate), low bitterness, and balanced acidity. Sweetness depends on the origin, varietal, processing method, and roast.

Here are some of the sweetest single-origin coffees, known for their naturally sugary, dessert-like flavor profiles:

🌺 Ethiopia – Natural (Dry) Process Coffees
Regions: Sidamo, Yirgacheffe, Guji
Tasting notes: Blueberry, strawberry, honey, jasmine, chocolate
Why sweet: The natural (sun-dried) process concentrates sugars and fruit flavors in the bean.
Example: Ethiopian Guji Natural — famous for its berry jam sweetness and floral aroma.
    - Ethiopia
    - Ethiopian Sidamo & Guji

🍯 Panama – Geisha (Gesha) Variety
Regions: Boquete, Volcán, Baru
Tasting notes: Honey, peach, jasmine, bergamot
Why sweet: The Geisha varietal is low in bitterness and high in natural sugars and aromatics.

🍫 El Salvador – Pacamara or Bourbon Varietals
Regions: Santa Ana, Chalatenango
Tasting notes: Milk chocolate, caramel, brown sugar, red apple
Why sweet: Grown at high altitudes, these varietals develop syrupy sweetness and a smooth body.
Example: El Salvador Santa Ana Pacamara — buttery caramel sweetness and a silky finish.

🍓Colombia – Honey or Natural Process
Regions: Huila, Nariño, Tolima
Tasting notes: Red fruit, panela (raw sugar), chocolate
Why sweet: The honey or natural process retains mucilage sugars, enhancing sweetness.
Example: Huila Honey Process — balanced sweetness with a clean aftertaste.

🍊 Costa Rica – Honey Process
Regions: Tarrazú, West Valley
Tasting notes: Citrus, brown sugar, toffee, apricot
Why sweet: The honey process is famous for boosting fruit and sugar notes without fermenty flavors.
Example: Costa Rica Tarrazú Yellow Honey — caramel sweetness with bright orange-like acidity.

| Origin                 | Process        | Flavor Profile        | Sweetness Level |
| ---------------------- | -------------- | --------------------- | --------------- |
| Ethiopia (Guji)        | Natural        | Blueberry, honey      | ⭐⭐⭐⭐⭐           |
| Panama (Geisha)        | Washed/Natural | Peach, jasmine, honey | ⭐⭐⭐⭐⭐           |
| El Salvador (Pacamara) | Washed         | Caramel, chocolate    | ⭐⭐⭐⭐            |
| Colombia (Huila)       | Honey          | Panela, red fruit     | ⭐⭐⭐⭐            |
| Costa Rica (Tarrazú)   | Honey          | Toffee, citrus        | ⭐⭐⭐⭐            |

---------------------------------------------------------------------------------------------------------
Coffee index. Click here :

CKF - Collins Foods

 CKF - Collins Foods
05 July 2026


...................
Over the last 5 years, ASX:CKF (Collins Foods) has grown its revenue consistently but experienced volatile profits, with a steep plunge in FY25 before a major recovery in FY26. While net debt increased for most of the period, the company has actively paid it down. [1, 2, 3, 4]
Key Financial Metrics & Performance
  • Revenue: Steady top-line growth over the past 5 years, reaching a record $1.59 billion from continuing operations in FY26. [1]
  • Profit (NPAT): Highly volatile. Net profit hit historical highs around $76 million in FY24, dropped roughly 88% to $8.8 million in FY25 due to European restructuring/impairments and inflation, but rebounded strongly in FY26, with statutory profit jumping 280.5% to $47.1 million. [1, 2, 3, 4]
  • Debt: Net debt grew significantly over the past several years but was reduced to $119.6 million by the end of FY26. The net leverage ratio improved to 0.77, giving the company increased capacity to invest in its core markets. [1, 2, 3]
  • Return on Equity (ROE): Has fluctuated with net income. It peaked near 19.4% in FY23 but compressed heavily during the FY25 downturn before rebounding alongside profitability in FY26. [1, 2]
  • Dividends: The company has managed to maintain or grow dividends despite earnings fluctuations, declaring a total FY26 fully franked dividend of 28.0 cents per share (up from 26.0 cents in FY25). [1]


Strategic Moves & Outlook
The recent bottom-line improvement is largely driven by its highly reliable KFC Australia operations. Meanwhile, the company has actively restructured its international and secondary portfolios by strategically acquiring additional stores in Germany and announcing an exit from the Taco Bell brand in Australia to refocus its capital. [1, 2, 3]
...................................
PE Ratios

The Price-to-Earnings (P/E) ratio for Collins Foods Limited (ASX: CKF) has historically fluctuated between a low of 11.02 and a high of 157.84 over the last 10 years, carrying a 10-year median of 23.94. [1, 2]
Historical P/E Ratio Overview (2016–2026)
Collins Foods' P/E ratio trends mirror shifts in its fast-food footprint (KFC and Taco Bell) and notable accounting adjustments (such as AASB 16 lease changes). A massive outlier occurred in FY25 when a steep, temporary drop in statutory net income caused a massive technical spike in the trailing P/E ratio. [1, 2]
  • Current P/E Ratio (Mid-2026): ~20.20 (based on normalizing normalized earnings), though some platforms report a trailing 12-month (TTM) P/E up over 110x depending on how the prior year's compressed earnings are filtered.
  • Forward P/E Ratio: 14.58 to 14.65, signaling an expectation of normalized earnings recovery going forward.
  • 10-Year High: 157.84 (hit during the volatile FY25 compressed-earnings cycle).
  • 10-Year Median: 23.94.
  • 10-Year Low: 11.02. [1, 2, 3, 4, 5]

Approximate Annual P/E Ratio Clean Tracking
Below is the approximate financial year-end trailing P/E trend gathered across historical financial tracking platforms like GuruFocus and Stock Analysis: [1]
Year [1, 2, 3]Approximate P/E Ratio (Year-End)Context & Driver
2026 (Current)20.20Earnings normalization; improved margin efficiency.
2025119.00Spike caused by an 84% plunge in net profit due to high input expenses.
202422.39Strong consumer demand resilience despite rising inflation.
2023109.96Statutory impairments on underperforming stores bloated the P/E structure.
202215.10Strong post-lockdown fast-food sales velocity.
202179.53High COVID-19 related non-cash write-downs artificially minimized EPS.
202022.02Baseline pandemic operational consistency.
201917.50Stable European KFC market build-out.
201816.90Standard operational retail valuation multiple.
201718.20Acquisition expansion of KFC networks across Australia.
201615.40Steady organic fast-food growth phase.

Key Takeaways for Investors
  • Beware the Statutory Spikes: Collins Foods routinely reports structural differences between "Statutory" and "Underlying/Normalized" profit. Non-cash impairments heavily skew the raw data. []
  • Current Value Proximity: Trading at a forward P/E of roughly 14.6x, CKF is tracking noticeably cheaper than its historic 10-year median. This drop points to a compression in valuation multiples across ASX consumer discretionary stocks. [1, 2, 3]
--------------------
Charts
Buy below $8





..................................................

Thursday, 21 November 2024

Coffee bean roasting - general guide for temperature & time profiles

When roasting coffee beans, the temperature & time profile is one of the most critical factors that determines flavor, body, and aroma. The exact temperatures and times depend on roast level (light, medium, or dark) and equipment type (drum roaster, fluid bed, etc.) the beans, bean density, and batch size their processing, etc .

Assuming you’re using a drum roaster and aiming for a total roast time of about 9–12 minutes
(a common sweet spot for balanced flavor and good development control),
these are typical averages and should give you a solid baseline. :

☘️ 1. Drying Phase (Green → Yellow)

Time: ~4–6 minutes
Temperature range: ~150–170 °C (302–338 °F)
Goal: Reduce bean moisture (usually ~10–12% down to ~2%).
Cues: Color shifts from green to pale yellow; hay or bread dough aroma develops.
Tips: Avoid heating too fast — scorching can occur if the drum is too hot early on.

🍞 2. Maillard Phase - Browning Phase (Yellow → Light Brown)
Time: ~3–4 minutes
Temperature range: ~170–200 °C (338–392 °F)
Goal: Caramelization, sugar browning, and Develop sweetness, body, and complexity.
Cues: Aroma shifts to sweet/caramel, Color changes to light brown.
Tips: This is the “flavor-building” phase. Control the rate of rise (RoR) carefully — steady but slowing.
Control here affects the eventual flavor depth and acidity balance.

🔊 3. First Crack (Development Begins)
Time of first crack start: ~7–9 minutes into the roast
Temperature: ~195–205 °C (383–401 °F)
Goal: Beans expand and release steam/CO₂; start of development stage.
Cues: Audible cracking (like popcorn); surface lightens slightly due to expansion.
Notes: This audible “crack” signals the start of development and the end of “drying.” Lighter roasts often end shortly after this point.

☕ 4. Development Phase (After First Crack → End of Roast)

| **Roast Level**       | **Development Time** | **Typical End Temp**    | **Notes**                                                                       (after 1st crack)

| **Light Roast**       | 30–90 seconds            | 205–210 °C (401–410 °F) | Bright, acidic, origin-                                                                                                                                          forward.                  
| **Medium Roast**          | 1.5–2.5 minutes    | 210–220 °C (410–428 °F) | Balanced flavor;                                                                                                                            sweet & round.   
              
| **Medium-Dark Roast** | 2.5–3.5 minutes   | 220–225 °C (428–437 °F) | More body and chocolate   notes                                                                                                                                                        
| **Dark Roast**                   | 3–4 minutes          | 225–235 °C (437–455 °F) | Begins around or after  second crack; smoky, oily.                                                                                                                                 

❄️ 5. Cooling Phase
Time: 2–4 minutes (rapid cooling is key)
Goal: Stop roast progression immediately to lock in the desired profile.
Tips: Air or drum cooling systems should drop bean temp below 50 °C (122 °F) within a few minutes.

⏱️ Typical Total Roast Duration
Roast Type Total Time
Light         8–10 minutes
Medium        10–12 minutes
Dark        12–14 minutes

--------------------------------------------------------------------------


Here’s a typical medium roast curve for a Colombian washed arabica coffee (moderate density, ~10–11% moisture). Colombian beans generally do well with a balanced, steady heat ramp that brings out caramel sweetness, nutty tones, and a touch of fruit acidity.

☕ Medium Roast Profile — Colombian Coffee

Roaster type: Drum roaster
Batch size: Medium (e.g., 1–5 kg)
Total time: ~11 minutes
Target end temperature: ~218 °C (425 °F)

🔥 Temperature vs. Time Table

| **Phase**                                 | **Time (min)** | **Bean Temp (°C)**   | **Notes**                                                                               

| **Charge**                             | 0:00           | **195 °C**           | Add green beans. High enough to start                                                                                                          drying without scorching.                             
| **Turning Point**                      | 1:30           | **~110 °C**          | Bean temp drops as cold beans                                                                                                                         absorb heat.                                                   
| **Drying Phase**                       | 1:30–5:00      | 110 → 160 °C         | Moisture loss; grassy smell                                                                                                                             fades.                                                           
| **Maillard Phase**                     | 5:00–8:00      | 160 → 195 °C         | Caramelization begins; aroma                                                                                                                      becomes sweet/toasty. Rate of                                                                                                                       Rise (RoR) should slow slightly. 
 
| **First Crack (Start of Development)** | 8:00–9:00      | **~200 °C**          | Audible cracking starts.                                                                                                                                 Keep airflow high to                                                                                                                                       manage chaff and smoke.                        
| **Development Phase**                  | 9:00–11:00     | 200 → 218 °C         | Balance caramelization and                                                                                                                          acidity. End around 2                                                                                                                                       minutes after first crack for                                                                                                                                   medium roast. 

| **Drop**                               | 11:00          | **218 °C**           | End roast. Beans are medium-brown,                                                                                                                 matte (no oil).                                          
| **Cooling**                            | 11:00–14:00    | Rapid cool to <50 °C | Stop development quickly.                                                                   



📈 Roast Curve Overview




















Imagine a smooth, slightly flattening curve:
Steep rise early on (0–4 min) → moisture evaporates quickly.
Gentle S-curve flattening (4–8 min) → Maillard reaction phase; color shift from yellow to brown.
Gradual taper after first crack (8–11 min) → RoR declines steadily until drop.

Approximate Rate of Rise (RoR):
Start: ~25 °C/min
Mid-roast: ~15 °C/min
End: ~5 °C/min

💡 Tuning Tips
If the cup tastes sour or sharp, extend Maillard by 30–45 seconds or slow the heat ramp slightly.
If the cup tastes flat or baked, increase heat earlier or shorten total roast time slightly.
For more sweetness, emphasize the Maillard phase (caramelization) by stretching 5:00–8:00 range.


-----------------
Things to watch for if you are roasting without any temp probes:

Track the progression of the roast by looking at the bean colour.
We start with a dark green shade.
When it gets to the drying stage it changes to a yellow.
When the beans go "full yellow" we have reached the end of the drying phase.
When the beans are green you often smell "wet grass". 
As they dry you smell "dry grass". You will often smell "sweetness".
The next stage is the browning stage. You will smell "baked goods", like biscuits straight from the oven.
You will also see that the beans are larger in size. They swell as they dry.
So they should occupy more "height" or volume in your roaster.
The beans are also lighter, so they should be thrown higher in the roasting chamber.
We are approaching 1st crack. You might smell vinegar/ acid.
If you like fruity, citrus, floral notes drop the coffee just after 1st crack.
If you like more chocolate, caramel, sweet notes, continue roasting.
You should see the bean mass really moving as they are much lighter 


---------------------------------------------------------------------------------------------------------
Coffee index. Click here :