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Craft Brew Alliance

Nasdaq:BREW
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BREW
Nasdaq
$264M
Market Cap
  1. Home
  2. US
  3. Food, Beverage & Tobacco
Company description

Craft Brew Alliance, Inc. brews and sells craft beers and ciders in the United States and internationally. The last earnings update was 49 days ago. More info.


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  • Craft Brew Alliance has significant price volatility in the past 3 months.
BREW Share Price and Events
7 Day Returns
-1.9%
NasdaqGS:BREW
1.1%
US Beverage
-0.1%
US Market
1 Year Returns
-27.9%
NasdaqGS:BREW
6.5%
US Beverage
7.6%
US Market
BREW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Craft Brew Alliance (BREW) -1.9% -8.4% -15.8% -27.9% 58.1% -9.2%
US Beverage 1.1% 3.8% 5.3% 6.5% 4.9% 12%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • BREW underperformed the Beverage industry which returned 6.5% over the past year.
  • BREW underperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
BREW
Industry
5yr Volatility vs Market

Value

 Is Craft Brew Alliance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Craft Brew Alliance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Craft Brew Alliance.

NasdaqGS:BREW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:BREW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.605 (1 + (1- 21%) (18.06%))
0.793
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:BREW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Craft Brew Alliance is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:BREW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 -2.00 Analyst x1 -1.86
2020 6.00 Analyst x1 5.19
2021 6.00 Analyst x1 4.83
2022 6.05 Est @ 0.82% 4.53
2023 6.13 Est @ 1.39% 4.27
2024 6.24 Est @ 1.79% 4.05
2025 6.37 Est @ 2.07% 3.84
2026 6.52 Est @ 2.27% 3.65
2027 6.67 Est @ 2.41% 3.48
2028 6.84 Est @ 2.51% 3.32
Present value of next 10 years cash flows $35.31
NasdaqGS:BREW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $6.84 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$147.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $147.41 ÷ (1 + 7.5%)10
$71.54
NasdaqGS:BREW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $35.31 + $71.54
$106.85
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $106.85 / 19.38
$5.51
NasdaqGS:BREW Discount to Share Price
Calculation Result
Value per share (USD) From above. $5.51
Current discount Discount to share price of $13.60
= -1 x ($13.60 - $5.51) / $5.51
-146.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Craft Brew Alliance is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Craft Brew Alliance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Craft Brew Alliance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:BREW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.21
NasdaqGS:BREW Share Price ** NasdaqGS (2019-04-23) in USD $13.6
United States of America Beverage Industry PE Ratio Median Figure of 16 Publicly-Listed Beverage Companies 30.52x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Craft Brew Alliance.

NasdaqGS:BREW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BREW Share Price ÷ EPS (both in USD)

= 13.6 ÷ 0.21

63.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Craft Brew Alliance is overvalued based on earnings compared to the US Beverage industry average.
  • Craft Brew Alliance is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Craft Brew Alliance's expected growth come at a high price?
Raw Data
NasdaqGS:BREW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 63.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
11.5%per year
United States of America Beverage Industry PEG Ratio Median Figure of 12 Publicly-Listed Beverage Companies 3.08x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

NasdaqGS:BREW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 63.53x ÷ 11.5%

5.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Craft Brew Alliance is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Craft Brew Alliance's assets?
Raw Data
NasdaqGS:BREW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $7.04
NasdaqGS:BREW Share Price * NasdaqGS (2019-04-23) in USD $13.6
United States of America Beverage Industry PB Ratio Median Figure of 28 Publicly-Listed Beverage Companies 6.96x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NasdaqGS:BREW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BREW Share Price ÷ Book Value per Share (both in USD)

= 13.6 ÷ 7.04

1.93x

* Primary Listing of Craft Brew Alliance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Craft Brew Alliance is good value based on assets compared to the US Beverage industry average.
X
Value checks
We assess Craft Brew Alliance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Craft Brew Alliance has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Craft Brew Alliance expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Craft Brew Alliance expected to grow at an attractive rate?
  • Craft Brew Alliance's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Craft Brew Alliance's earnings growth is positive but not above the United States of America market average.
  • Craft Brew Alliance's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:BREW Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:BREW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 11.5%
NasdaqGS:BREW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.7%
United States of America Beverage Industry Earnings Growth Rate Market Cap Weighted Average 7.5%
United States of America Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:BREW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:BREW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 252 16 5 1
2020-12-31 237 16 6 2
2019-12-31 221 15 3 3
NasdaqGS:BREW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 206 13 4
2018-09-30 208 11 13
2018-06-30 212 13 14
2018-03-31 211 16 11
2017-12-31 207 17 10
2017-09-30 207 27 2
2017-06-30 206 22 1
2017-03-31 208 12 1
2016-12-31 203 7 0
2016-09-30 206 6 1
2016-06-30 205 8 1
2016-03-31 202 12 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Craft Brew Alliance's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
  • Craft Brew Alliance's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:BREW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Craft Brew Alliance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BREW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.26 0.26 0.26 1.00
2020-12-31 0.28 0.43 0.13 2.00
2019-12-31 0.17 0.23 0.10 3.00
NasdaqGS:BREW Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.21
2018-09-30 0.65
2018-06-30 0.74
2018-03-31 0.59
2017-12-31 0.49
2017-09-30 0.09
2017-06-30 0.03
2017-03-31 0.06
2016-12-31 -0.02
2016-09-30 0.04
2016-06-30 0.05
2016-03-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Craft Brew Alliance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Craft Brew Alliance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Craft Brew Alliance has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Craft Brew Alliance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Craft Brew Alliance's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Craft Brew Alliance has delivered over 20% year on year earnings growth in the past 5 years.
  • Craft Brew Alliance's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Craft Brew Alliance's 1-year earnings growth is negative, it can't be compared to the US Beverage industry average.
Earnings and Revenue History
Craft Brew Alliance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Craft Brew Alliance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BREW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 206.19 4.14 63.57
2018-09-30 208.17 12.51 61.77
2018-06-30 211.91 14.20 61.04
2018-03-31 210.64 11.47 60.74
2017-12-31 207.46 9.52 61.35
2017-09-30 207.29 1.76 60.08
2017-06-30 205.86 0.57 59.78
2017-03-31 207.59 1.10 60.77
2016-12-31 202.51 -0.32 59.97
2016-09-30 205.94 0.86 59.57
2016-06-30 205.43 1.04 59.19
2016-03-31 201.68 0.17 58.90
2015-12-31 204.17 2.22 57.93
2015-09-30 202.37 1.68 56.89
2015-06-30 199.75 1.51 54.95
2015-03-31 197.91 2.12 53.89
2014-12-31 200.02 3.08 53.00
2014-09-30 196.80 3.11 50.97
2014-06-30 194.08 4.43 49.02
2014-03-31 186.40 3.53 46.76
2013-12-31 179.18 1.96 46.46
2013-09-30 176.91 1.53 46.70
2013-06-30 172.14 0.59 47.01
2013-03-31 167.40 0.05 46.28
2012-12-31 169.29 2.53 44.89
2012-09-30 162.28 2.45 43.76
2012-06-30 158.17 2.73 42.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Craft Brew Alliance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Craft Brew Alliance used its assets less efficiently than the US Beverage industry average last year based on Return on Assets.
  • Craft Brew Alliance's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Craft Brew Alliance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Craft Brew Alliance has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Craft Brew Alliance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Craft Brew Alliance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Craft Brew Alliance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Craft Brew Alliance's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Craft Brew Alliance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Craft Brew Alliance Company Filings, last reported 3 months ago.

NasdaqGS:BREW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 136.44 47.61 0.70
2018-09-30 136.63 10.58 11.66
2018-06-30 135.95 10.80 5.28
2018-03-31 131.13 11.03 2.31
2017-12-31 130.79 33.52 0.58
2017-09-30 122.44 25.58 0.41
2017-06-30 120.29 23.77 2.03
2017-03-31 118.28 28.42 0.15
2016-12-31 119.66 29.69 0.44
2016-09-30 118.89 31.21 0.41
2016-06-30 117.76 32.07 0.34
2016-03-31 115.34 28.42 1.11
2015-12-31 118.74 20.07 0.91
2015-09-30 117.13 17.39 1.82
2015-06-30 116.24 19.92 1.28
2015-03-31 114.46 20.26 1.06
2014-12-31 115.42 15.38 0.98
2014-09-30 114.43 12.39 1.47
2014-06-30 113.27 12.62 6.42
2014-03-31 111.19 11.82 2.89
2013-12-31 111.23 11.76 2.73
2013-09-30 110.29 12.52 4.90
2013-06-30 108.07 12.74 3.89
2013-03-31 106.66 13.02 1.73
2012-12-31 108.20 13.30 5.01
2012-09-30 107.78 13.58 3.48
2012-06-30 106.16 13.84 5.44
  • Craft Brew Alliance's level of debt (34.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.6% vs 34.9% today).
  • Debt is well covered by operating cash flow (27.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.6x coverage).
X
Financial health checks
We assess Craft Brew Alliance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Craft Brew Alliance has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Craft Brew Alliance's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Craft Brew Alliance dividends. Estimated to be 0% next year.
If you bought $2,000 of Craft Brew Alliance shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Craft Brew Alliance's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Craft Brew Alliance's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:BREW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Beverage Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:BREW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Craft Brew Alliance has not reported any payouts.
  • Unable to verify if Craft Brew Alliance's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Craft Brew Alliance's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Craft Brew Alliance has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Craft Brew Alliance's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Craft Brew Alliance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Craft Brew Alliance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Craft Brew Alliance has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Craft Brew Alliance's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andy Thomas
COMPENSATION $1,241,442
AGE 50
TENURE AS CEO 5.3 years
CEO Bio

Mr. Andrew J. Thomas, also known as Andy, has been the Chief Executive Officer at Craft Brewers Alliance, Inc. since January 1, 2014 and served as its President of Commercial Operations since June 1, 2011. Mr. Thomas is accountable for all sales and marketing activities at CBA. He served as a consultant for CBA. He has more than 20 years of experience in consumer packaged goods and the beverage industry. He served as an Independent Marketing and Strategy Consultant and senior adviser to The Monitor Group. He spent more than 12 years at Heineken International, working with brewers and beers in more than 55 countries across four continents. He served as President and Chief Executive Officer of Heineken USA Incorporated from April 2005 to October 2007. He served as Marketing Research Manager of Heineken during His career Starting Days in 1995. He served as Vice President, Strategic Planning of Heineken USA Incorporated. He joined Heineken International in 2000 as Regional Export Manager of Central and South America, Caribbean, Africa and the Middle East before being promoted in 2003 to Managing Director for the Middle East/North Africa operating company, a position he held until being selected to lead Heineken USA. He made several significant contributions to Heineken USA during his initial tenure with the operating company including significant changes to increase the effective shipment of Heineken from the Netherlands to the USA. He also played a major role in solidifying the structure of the Heineken USA distributor network. He holds an MBA (Magna Cum Laude) in Marketing from the University of Rochester Simon Graduate School of Business and a BS (Magna Cum Laude) from Bryant College (RI).

CEO Compensation
  • Andy's compensation has been consistent with company performance over the past year.
  • Andy's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Craft Brew Alliance management team in years:

3.9
Average Tenure
50
Average Age
  • The tenure for the Craft Brew Alliance management team is about average.
Management Team

Andy Thomas

TITLE
Chief Executive Officer
COMPENSATION
$1M
AGE
50
TENURE
5.3 yrs

J. Mennen

TITLE
COO & VP
COMPENSATION
$514K
AGE
53
TENURE
3.9 yrs

Ken Kunze

TITLE
Chief Marketing Officer & Vice President
COMPENSATION
$512K
AGE
59
TENURE
5.4 yrs

Derek Hahm

TITLE
Vice President of Sales & Brewpubs
COMPENSATION
$510K
AGE
48
TENURE
2.4 yrs

Kurt Widmer

TITLE
COMPENSATION
$305K
AGE
66

Rob Widmer

TITLE

Christine Perich

TITLE
Chief Financial and Strategy Officer
AGE
49

Edwin Smith

TITLE
Corporate Controller & Principal Accounting Officer
AGE
42
TENURE
2.1 yrs

Jenny McLean

TITLE
Director of Communications

Shannon Grosse

TITLE
Senior Director of Financial Planning & Analysis
Board of Directors Tenure

Average tenure and age of the Craft Brew Alliance board of directors in years:

3.2
Average Tenure
60.5
Average Age
  • The tenure for the Craft Brew Alliance board of directors is about average.
Board of Directors

Dave Lord

TITLE
Chairman of the Board
COMPENSATION
$138K
AGE
69
TENURE
3.3 yrs

Tim Boyle

TITLE
Independent Director
COMPENSATION
$99K
AGE
68
TENURE
10.8 yrs

Kevin Kelly

TITLE
Independent Director
COMPENSATION
$106K
AGE
68
TENURE
10.8 yrs

Marc Cramer

TITLE
Independent Director
COMPENSATION
$103K
AGE
60
TENURE
8.3 yrs

Paul Davis

TITLE
Independent Director
COMPENSATION
$99K
AGE
61
TENURE
3.1 yrs

Nick Mills

TITLE
Director
COMPENSATION
$87K
AGE
41
TENURE
2.3 yrs

Jacqueline Woodward

TITLE
Director
COMPENSATION
$29K
AGE
56
TENURE
1.9 yrs

Matthew Gilbertson

TITLE
Director
AGE
42
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • Craft Brew Alliance insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Mar 19 Sell Nickolas Mills Individual 20. Mar 19 20. Mar 19 -2,610 $15.28 $-39,881
12. Dec 18 Buy Edwin Smith Individual 11. Dec 18 11. Dec 18 558 $15.65 $8,733
X
Management checks
We assess Craft Brew Alliance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Craft Brew Alliance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Do Craft Brew Alliance, Inc.’s (NASDAQ:BREW) Returns Compare To Its Industry?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Is Craft Brew Alliance, Inc.'s (NASDAQ:BREW) Stock Available For A Good Price After Accounting For Growth?

Craft Brew Alliance, Inc. … View our latest analysis for Craft Brew Alliance? … Analysts are predicting good growth prospects for Craft Brew Alliance over the next couple of years

Simply Wall St -

Is Craft Brew Alliance, Inc.'s (NASDAQ:BREW) CEO Paid At A Competitive Rate?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Andy Thomas's Compensation Compare With Similar Sized Companies. … is worth US$299m, and total annual CEO compensation is US$1.2m.

Simply Wall St -

Could Craft Brew Alliance, Inc.'s (NASDAQ:BREW) Investor Composition Influence The Stock Price?

If you want to know who really controls Craft Brew Alliance, Inc. … Taking a look at our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about BREW

Simply Wall St -

Why You Should Care About Craft Brew Alliance, Inc.’s (NASDAQ:BREW) Low Return On Capital

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Our Take On Craft Brew Alliance, Inc.'s (NASDAQ:BREW) CEO Salary

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Andy Thomas's Compensation Compare With Similar Sized Companies. … is worth US$311m, and total annual CEO compensation is US$1.2m.

Simply Wall St -

Craft Brew Alliance Inc (NASDAQ:BREW) Delivered A Weaker ROE Than Its Industry

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Craft Brew Alliance has a return on equity of 9.2% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why Fundamental Investors Might Love Craft Brew Alliance Inc (NASDAQ:BREW)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Craft Brew Alliance Inc (NASDAQ:BREW) due to its excellent fundamentals in more than one area. … BREW.

Simply Wall St -

Interested In Craft Brew Alliance Inc (NASDAQ:BREW)? Here's How It Performed Recently

Below, I will assess Craft Brew Alliance Inc's (NASDAQ:BREW) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … See our latest analysis for Craft Brew Alliance? … Could BREW beat the long-term trend and outperform its industry.

Simply Wall St -

Does Craft Brew Alliance Inc's (NASDAQ:BREW) CEO Pay Matter?

Andy Thomas took the helm as Craft Brew Alliance Inc's (NASDAQ:BREW) CEO and grew market cap to US$378.47m recently. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor.

Simply Wall St -

Company Info

Description

Craft Brew Alliance, Inc. brews and sells craft beers and ciders in the United States and internationally. It operates through two segments, Beer Related Operations and Brewpubs Operations. It offers beers under the Kona, Omission, Appalachian Mountain, Cisco, Redhook, Widmer Brothers, and Wynwood brands; and ciders under the Square Mile brand name. The company sells its beers directly to consumers in draft, cans, and bottles at restaurants, bars, and liquor stores; and in cans and bottles at supermarkets, warehouse clubs, convenience stores, and drug stores, as well as directly to consumers at its brewpubs and breweries. It also operates seven brewpubs, which sells apparel and other merchandise. The company was founded in 1981 and is headquartered in Portland, Oregon.

Details
Name: Craft Brew Alliance, Inc.
BREW
Exchange: NasdaqGS
Founded: 1981
$263,603,917
19,382,641
Website: http://www.craftbrew.com
Address: Craft Brew Alliance, Inc.
929 North Russell Street,
Portland,
Oregon, 97227,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BREW Common Stock Nasdaq Global Select US USD 17. Aug 1995
DB RHB Common Stock Deutsche Boerse AG DE EUR 17. Aug 1995
Number of employees
Current staff
Staff numbers
570
Craft Brew Alliance employees.
Industry
Brewers
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 00:15
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.