Fevertree Drinks PLC

AIM:FEVR Stock Report

Market Cap: UK£803.1m

Fevertree Drinks Valuation

Is FEVR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FEVR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FEVR (£6.92) is trading below our estimate of fair value (£12.8)

Significantly Below Fair Value: FEVR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FEVR?

Key metric: As FEVR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FEVR. This is calculated by dividing FEVR's market cap by their current earnings.
What is FEVR's PE Ratio?
PE Ratio36.9x
EarningsUK£21.90m
Market CapUK£803.15m

Price to Earnings Ratio vs Peers

How does FEVR's PE Ratio compare to its peers?

The above table shows the PE ratio for FEVR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
BAG A.G. BARR
18.5x15.6%UK£669.6m
NICL Nichols
25.3x12.9%UK£473.1m
BVIC Britvic
24.5x13.0%UK£3.2b
CCH Coca-Cola HBC
19x11.9%UK£10.0b
FEVR Fevertree Drinks
36.7x29.4%UK£803.1m

Price-To-Earnings vs Peers: FEVR is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the peer average (21.7x).

Price to Earnings Ratio vs Industry

How does FEVR's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FEVR 36.9xIndustry Avg. 17.3xNo. of Companies8PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FEVR is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the European Beverage industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is FEVR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FEVR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.9x
Fair PE Ratio23.8x

Price-To-Earnings vs Fair Ratio: FEVR is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FEVR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£6.92
UK£9.62
+39.1%
23.7%UK£15.00UK£6.50n/a16
Nov ’25UK£7.35
UK£9.62
+30.8%
23.7%UK£15.00UK£6.50n/a16
Oct ’25UK£8.14
UK£9.83
+20.8%
23.2%UK£15.00UK£6.50n/a16
Sep ’25UK£8.94
UK£11.34
+26.9%
20.8%UK£15.00UK£7.00n/a16
Aug ’25UK£9.21
UK£11.97
+29.9%
19.4%UK£16.00UK£7.00n/a17
Jul ’25UK£10.89
UK£12.26
+12.6%
19.4%UK£16.00UK£7.00n/a17
Jun ’25UK£10.81
UK£12.45
+15.1%
19.6%UK£16.00UK£7.00n/a18
May ’25UK£11.10
UK£12.43
+12.0%
19.2%UK£16.00UK£7.00n/a18
Apr ’25UK£12.01
UK£12.26
+2.1%
20.3%UK£16.00UK£7.00n/a18
Mar ’25UK£11.67
UK£12.27
+5.1%
20.3%UK£16.00UK£7.00n/a19
Feb ’25UK£10.18
UK£12.34
+21.3%
20.5%UK£16.00UK£7.00n/a19
Jan ’25UK£10.49
UK£13.14
+25.2%
18.1%UK£17.25UK£8.50n/a19
Dec ’24UK£10.18
UK£13.47
+32.3%
17.0%UK£17.25UK£8.50n/a20
Nov ’24UK£9.95
UK£13.53
+35.9%
17.2%UK£17.50UK£8.50UK£7.3519
Oct ’24UK£12.00
UK£13.29
+10.7%
18.7%UK£17.50UK£8.50UK£8.1420
Sep ’24UK£12.83
UK£12.69
-1.1%
20.4%UK£17.25UK£7.50UK£8.9420
Aug ’24UK£13.48
UK£12.28
-8.9%
23.4%UK£17.25UK£6.40UK£9.2120
Jul ’24UK£12.19
UK£11.78
-3.3%
22.9%UK£17.25UK£6.40UK£10.8920
Jun ’24UK£13.70
UK£11.68
-14.7%
21.8%UK£17.25UK£6.40UK£10.8120
May ’24UK£13.56
UK£11.31
-16.6%
20.8%UK£16.15UK£6.40UK£11.1020
Apr ’24UK£12.84
UK£10.79
-16.0%
20.3%UK£15.00UK£6.40UK£12.0119
Mar ’24UK£10.50
UK£10.23
-2.6%
18.0%UK£14.00UK£6.40UK£11.6720
Feb ’24UK£10.89
UK£10.15
-6.8%
17.8%UK£14.00UK£6.40UK£10.1820
Jan ’24UK£10.31
UK£10.71
+3.8%
20.8%UK£17.00UK£8.00UK£10.4920
Dec ’23UK£11.32
UK£10.55
-6.8%
21.8%UK£17.00UK£8.00UK£10.1820
Nov ’23UK£9.75
UK£10.49
+7.6%
21.8%UK£17.00UK£8.00UK£9.9520

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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