This company is no longer active
NewAge (NBEV.Q) Resumen de Acciones
NewAge, Inc. develops, markets, sells, and distributes healthy products in the United States, Japan, China, and internationally. Saber más
| Puntuación del snowflake | |
|---|---|
| Valoración | 2/6 |
| Crecimiento futuro | 0/6 |
| Rendimiento pasado | 0/6 |
| Salud financiera | 4/6 |
| Dividendos | 0/6 |
Recompensas
Análisis de riesgos
NBEV.Q Community Fair Values
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Competidores de NewAge, Inc.
Historial de precios y rendimiento
| Precios históricos de las acciones | |
|---|---|
| Precio actual de la acción | US$0.0001 |
| Máximo en las últimas 52 semanas | US$0.65 |
| Mínimo de 52 semanas | US$0.0001 |
| Beta | 2.02 |
| Cambio en 1 mes | 0% |
| Variación en 3 meses | -83.33% |
| Cambio de 1 año | -99.98% |
| Variación en 3 años | -99.99% |
| Variación en 5 años | -100.00% |
| Variación desde la OPV | -99.99% |
Noticias y actualizaciones recientes
NewAge files for chapter 11 bankruptcy
NewAge (NASDAQ:NBEV) said Tuesday it filed for chapter 11 bankruptcy proceedings in Delaware after completing a strategic review. NBEV secured a commitment for a debtor in possession financing facility of $16M, subject to court approval. This financing, along with revenue generated from operations, will provide liquidity to support NBEV through the sale process. NBEV also filed a motion for court approval of an asset purchase deal with stalking horse bidder DIP Financing. NBEV intends to pursue a sale of substantially all of its assets as a going concern in one or more deals. The deal with DIP Financing is subject to NBEV receiving higher offers as part of its ongoing auction process. NBEV's management will continue to operate the business as debtors in possession. The company intends to pay vendors and partners under customary terms for goods and services received on or after the filing date, and to pay employees as usual. Shares of NBEV ended 74.2% higher on Tuesday.NewAge receives Nasdaq notice for non-compliance
NewAge (NASDAQ:NBEV) received an additional delinquency notice from the Nasdaq dated August 11, 2022 due to the company’s failure to file its quarterly report for the quarter ended June 30, 2022 with the SEC. Company received notices from Nasdaq on April 1, 2022 and May 12, 2022. Company must submit an update to its original compliance plan to Nasdaq by August 26, 2022.New Age: 4 Catalysts That We Like Including A Valuation That Is Too Cheap To Ignore
Once high-flying New Age has had its wings clipped and continues to suffer a hangover from the disasterous Brent Willis era. With Willis now gone, Interim CEO John Brennan is attempting to breathe new life into the company and has taken steps in an effort to increase shareholder value. Mr. Brennan's purchase of 500,000 shares of NBEV stock in November of 2021 at $1.21 (average) a share, certainly shows that he is financially motivated to turn the company around. With a price-to-sales ratio of just 0.077 and a book value of 0.154, the current share price reflects very low investor expectations and a worst-case scenario of complete failure. In the past, we have stayed away from NBEV stock, but given its current price level, we have initiated a long position and feel that the shares have simply become too cheap to ignore. New Life For New Age We have turned bullish on New Age, Inc. (NBEV). That is something that we never thought would happen. Four recent catalysts have caused us to do a complete 180-degree turn and aggressively begin accumulating the stock. The resignation of former CEO Brent Willis. The purchase of 500,000 shares by Interim CEO and Chairman Ed Brennan at a price of $1.21/share. Valuation metrics that have become too cheap to ignore. The announcement by the company that it has begun a review of strategic alternatives designed to maximize shareholder value. New Age, Inc., formerly New Age Beverages, is a company that we have followed for many years. The stock was an absolute rocket ship in the days of the CBD-cannabis craze. As is often the case, investors completely lost their perspective on both the size of the potential size of the CBD-infused beverage market, as well as the challenges that companies would face from a regulatory standpoint. Our September 2018 article on Seeking Alpha, Why The Road For CBD-Infused Beverages May Be Longer & Harder Than Investors Anticipate articulated our view that investors had gotten too far ahead of themselves, regarding their expectations for both the CBD beverage market and the company's potential for entry into this newly minted market. Subsequently, we began shorting call options at around the $9.50 to $9.90 price area, expecting that all the rampant hyperbole that was taking place across the Internet would eventually wear thin. Aside from the overly optimistic view of New Age by investors, the single biggest reason why we had serious doubts about NBEV's future was directly related to the company's CEO, Brent Willis. After the announcement that Mr. Willis had been named the CEO of New Age's predecessor company, American Brewing Company, we started the process of performing copious due diligence and research on Mr. Willis's professional background. We immediately began to question the chances of NBEV's success under a CEO who had a history of very poor decision-making and an unfortunate trail of failures at various other CEO positions, including Cott Beverage Corporation (COT). Prior to Cott, Mr. Willis held various executive and senior management positions at other CPG companies, which include Kraft Heinz (KHC), The Coca-Cola Company (KO) and AB InBev (BUD). In May 2006, Cott’s board pushed out its CEO, John Sheppard, who had built EBITDA to roughly $200 million through acquisitions and a focus on efficient manufacturing, and brought in a new CEO, Brent Willis, to execute the new plan. From then until March 2008 when Willis departed, Cott’s stock dropped from $15 to $2 per share, wiping out nearly $1 billion of equity value. Today, it trades at around $1.00 per share, less than tangible book value. Source: Seeking Alpha We also didn't care for the lucrative package that Mr. Willis walked away with from Cott after being fired from the company as CEO. After the Cott debacle, Mr. Willis attempted to navigate his way through the business of leading a company named ECIG. He was unsuccessful and the company eventually filed for Chapter 11 Bankruptcy. Regarding the ECIG venture: O'Neill's appointment followed the resignation of company founder and CEO Brent Willis and the $41 million infusion of new cash from private investors. In 2014, Willis took the company public, raising about $150 million in a stock offering that it used to acquire three competitors: FIN Electronic Cigarette Corp. of Atlanta, and two United Kingdom-based companies, Vapestick Holdings Ltd. and Must Have Ltd. Since its public offering, ECIG's stock has fallen from an adjusted price of $252 per share to penny stock status as the company entered private debt placements that have diluted the value of its common stock. In March, the company staged a 1-for-15 stock split after its stock fell below 10 cents per share. Since then, the company's stock has continued falling. The stock closed at 40 cents per share in trading on Monday, Aug. 10." Source: mLIVEWe We would point out that from January of 2019 to the time of his resignation from New Age, in January of 2022, NewAge Inc.’s share price declined a whopping 81%. We are strong believers in Carl Icahn's view of the important role of a CEO: "The CEO is, by far, the most important decision for a company... The company is going to rise and fall with the CEO." Carl Icahn on the Importance of a CEO (A-Z Quotes) Back in 2016, we held a very large position in the shares of beverage-maker Celsius Holdings, Inc. (CELH). We had gotten to know both the CEO, Gerry David as well as the CFO, John Fieldly through numerous conversations with them. We had a great deal of respect and confidence in Gerry David, since his business background included successfully turning around several struggling companies. There was such a huge dichotomy between Mr. David and Mr. Willis that we decided to write a blog article comparing the two men in their respective roles as Chief Executive Officers of publicly-traded companies. With the announced departure of Brent Willis from the C-suite at NBEV, we anticipated a breath of new life for New Age, Inc. and once again placed the company's shares on our watchlist. Given the lack of confidence that we had for Mr. Willis, at the helm of the company, our feeling is that a dark cloud has been lifted from New Age, Inc. and that NBEV will be a much different company going forward. Two Catalysts That Provide Optimism For Investors Two other events have also contributed to our optimism for NBEV. The first is the purchase of 500,000 shares at a price of $1.21 by Chairman of The Board and Interim CEO, John Brennan, on November 21, 2021. We view this large investment, of over $600,000, as a vote of confidence by the Interim CEO that there is inherent value in New Age, Inc. Insider Trades in NBEV For John Brennan (Fintel) The second is the announcement on June 8, 2022, that under Mr. Brennan's direction New Age, Inc. has hired external consultants to assist the company with the evaluation of strategic alternatives to maximize shareholder value. New Age, Inc., (NBEV), the Utah-based direct-to-consumer (D2C) organic and healthy products company, today announced that its Board of Directors has initiated a process to evaluate potential strategic alternatives to maximize shareholder value. As part of the process, the Board will consider a full range of strategic alternatives including available financing alternatives, a potential financial restructuring or a reorganization, merger, sale or other strategic transaction. Ed Brennan, New Age’s Chairman and interim Chief Executive Officer, commented, “Following a detailed evaluation over the past several months, we have determined that it is prudent to undertake a review of our strategic options to determine which alternative or alternatives, including our standalone plans, are in fact the best way to maximize shareholder value. Source: Yahoo Finance Having a CEO, who believes so strongly in a company, that he is willing to invest the sizable amount of money that Mr. Brennan has, tells investors that he has major skin in the game and is financially motivated to get the stock price higher over time. The Company's Business Fundamentals While all the above is certainly good news, a business has a value and that value is based on a number of fundamental metrics, such as price-to-sales ratio, P/E ratio, cash flows, the balance sheet, debt obligations and book value to name a few. As an investor, you want to buy the steak, not just the sizzle. Looking at the fundamentals for New Age, Inc., the first thing that caught our eye was that the company is delinquent in its obligations for both their 10-K Annual Report and their most recent 10-Q quarterly report for the period ending March 31, 2022. The company is out of compliance with the NASDAQ reporting rule. According to the company, they have filed a plan with NASDAQ to regain compliance with respect to the delinquent Form 10-K and the delinquent Form 10-Q. There has been no update as to whether the company, has in fact, filed their plan for review with regulators, or the status of the plan. Since all we have to work with are the numbers from the most recent 10-Q filed on November 9, 2021, for the period ending September 30, 2021, we are forced to use what is publicly available to produce the charts below. Data by YCharts New Age carries a price-to-sales ratio of 0.077 compared to an industry average of 4.22 The latest price-to-book ratio at 0.154 is also very low compared with others in the industry at an average P/B of 7.87. Data by YCharts Other metrics, as of the latest quarterly filing, show that the company has total assets of $405.6 million compared against total liabilities of $183.5 million, representing a current ratio of 2.21. The company had cash and cash equivalents of $46.8 million in the third quarter of 2021, compared to $43.7 in the third quarter of 2020. Net cash used in operating activities for the nine months ending in 2021 was ($25.6) million versus ($29.8) million for the same nine month period in 2020. It appears that the company has adequate cash to continue without the need to raise capital in the immediate future. The three months ending September 30, 2021 the loss was ($0.02) per share versus a loss of ($0.14) per share in Q3 of 2020. For the nine months ending September 30, 2021 the loss per share came to ($0.02) compared against a loss of ($0.38) in 2020. We would caution anyone considering an investment in NBEV to carefully weigh the risks versus the rewards of making a capital commitment, at this time, especially given the limited publicly available information resulting from the company's failure to file its most recent 10-K and 10-Q financial statements. New Age has a current market cap of only $34.3 million and is a micro-cap stock, as well as a penny stock by definition.Recent updates
Rentabilidad de los accionistas
| NBEV.Q | US Personal Products | Mercado US | |
|---|---|---|---|
| 7D | 0% | -0.5% | -0.8% |
| 1Y | -100.0% | -19.0% | 27.1% |
Rentabilidad vs. Industria: Los resultados de NBEV.Q fueron inferiores a los de la industria US Personal Products, que obtuvo un rendimiento del -19% el año pasado.
Rentabilidad vs. Mercado: NBEV.Q obtuvo unos resultados inferiores a los del mercado US, que fueron del 27.1% el año pasado.
Volatilidad de los precios
| NBEV.Q volatility | |
|---|---|
| NBEV.Q Average Weekly Movement | 292.0% |
| Personal Products Industry Average Movement | 7.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.2% |
Precio estable de las acciones: El precio de las acciones de NBEV.Q ha sido volátil durante los últimos 3 meses en comparación con el mercado US.
Volatilidad a lo largo del tiempo: La volatilidad semanal de NBEV.Q ha disminuido de 337% a 292% en el último año, pero sigue siendo superior al 75% de los valores de US.
Acerca de la empresa
| Fundada | Empleados | CEO | Página web |
|---|---|---|---|
| 2010 | n/a | Darren Zobrist | www.newage.com |
Resumen de fundamentos de NewAge, Inc.
| Estadísticas fundamentales de NBEV.Q | |
|---|---|
| Capitalización bursátil | US$16.91k |
| Beneficios(TTM) | -US$7.14m |
| Ingresos (TTM) | US$439.53m |
¿Está NBEV.Q sobrevalorada?
Ver valor justo y análisis de valoraciónBeneficios e Ingresos
| Cuenta de resultados (TTM) de NBEV.Q | |
|---|---|
| Ingresos | US$439.53m |
| Coste de los ingresos | US$142.56m |
| Beneficio bruto | US$296.98m |
| Otros gastos | US$304.11m |
| Beneficios | -US$7.14m |
Últimos beneficios comunicados
Sep 30, 2021
Próxima fecha de beneficios
n/a
| Beneficios por acción (BPA) | -0.042 |
| Margen bruto | 67.57% |
| Margen de beneficio neto | -1.62% |
| Ratio deuda/patrimonio | 7.9% |
¿Cómo se ha desempeñado NBEV.Q a largo plazo?
Ver rendimiento histórico y comparativaAnálisis de la empresa y estado de los datos financieros
| Datos | Última actualización (huso horario UTC) |
|---|---|
| Análisis de la empresa | 2023/03/16 15:38 |
| Precio de las acciones al final del día | 2023/03/15 00:00 |
| Beneficios | 2021/09/30 |
| Ingresos anuales | 2020/12/31 |
Fuentes de datos
Los datos utilizados en nuestro análisis de empresas proceden de S&P Global Market Intelligence LLC. Los siguientes datos se utilizan en nuestro modelo de análisis para generar este informe. Los datos están normalizados, lo que puede introducir un retraso desde que la fuente está disponible.
| Paquete | Datos | Marco temporal | Ejemplo Fuente EE.UU. * |
|---|---|---|---|
| Finanzas de la empresa | 10 años |
| |
| Estimaciones del consenso de analistas | +3 años |
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| Precios de mercado | 30 años |
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| Propiedad | 10 años |
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| Gestión | 10 años |
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| Principales avances | 10 años |
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* Ejemplo para valores de EE.UU., para no EE.UU. se utilizan formularios y fuentes normativas equivalentes.
A menos que se especifique lo contrario, todos los datos financieros se basan en un periodo anual, pero se actualizan trimestralmente. Esto se conoce como datos de los últimos doce meses (TTM) o de los últimos doce meses (LTM). Más información.
Modelo de análisis y copo de nieve
Los detalles del modelo de análisis utilizado para generar este informe están disponibles en nuestra página de Github, también tenemos guías sobre cómo utilizar nuestros informes y tutoriales en Youtube.
Conozca al equipo de talla mundial que diseñó y construyó el modelo de análisis Simply Wall St.
Métricas industriales y sectoriales
Simply Wall St calcula cada 6 horas nuestras métricas sectoriales y de sección. Los detalles de nuestro proceso están disponibles en Github.
Fuentes analistas
NewAge, Inc. está cubierta por 6 analistas. de esos analistas presentaron las estimaciones de ingresos o ganancias utilizadas como datos para nuestro informe. Las estimaciones de los analistas se actualizan a lo largo del día.
| Analista | Institución |
|---|---|
| Jeffrey Kauffman | Aegis Capital Corporation |
| Aaron Grey | Alliance Global Partners |
| Rommel Dionisio | Compass Point Research & Trading, LLC |