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National Beverage

Nasdaq:FIZZ
Snowflake Description

Flawless balance sheet with solid track record.

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

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The last earnings update was 46 days ago. More info.


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  • National Beverage has significant price volatility in the past 3 months.
FIZZ Share Price and Events
7 Day Returns
1.5%
NasdaqGS:FIZZ
1.8%
US Beverage
-0.8%
US Market
1 Year Returns
-38.5%
NasdaqGS:FIZZ
7%
US Beverage
7%
US Market
FIZZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
National Beverage (FIZZ) 1.5% -4.6% -33% -38.5% 17.6% 179.6%
US Beverage 1.8% 3.9% 5.3% 7% 5.7% 12.8%
US Market -0.8% 2.7% 7.5% 7% 37.9% 47%
1 Year Return vs Industry and Market
  • FIZZ underperformed the Beverage industry which returned 7% over the past year.
  • FIZZ underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
FIZZ
Industry
5yr Volatility vs Market

FIZZ Value

 Is National Beverage 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 National Beverage 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 National Beverage.

NasdaqGS:FIZZ 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:FIZZ
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))
= 0.606 (1 + (1- 21%) (0%))
0.736
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:FIZZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for National Beverage 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:FIZZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 137.27 Est @ 8.72% 127.70
2020 146.78 Est @ 6.92% 127.02
2021 155.09 Est @ 5.67% 124.85
2022 162.52 Est @ 4.78% 121.70
2023 169.29 Est @ 4.17% 117.93
2024 175.62 Est @ 3.74% 113.81
2025 181.65 Est @ 3.43% 109.50
2026 187.50 Est @ 3.22% 105.15
2027 193.27 Est @ 3.08% 100.82
2028 199.01 Est @ 2.97% 96.58
Present value of next 10 years cash flows $1,145.06
NasdaqGS:FIZZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $199.01 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$4,287.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,287.89 ÷ (1 + 7.5%)10
$2,080.85
NasdaqGS:FIZZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,145.06 + $2,080.85
$3,225.91
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,225.91 / 46.64
$69.16
NasdaqGS:FIZZ Discount to Share Price
Calculation Result
Value per share (USD) From above. $69.16
Current discount Discount to share price of $54.11
= -1 x ($54.11 - $69.16) / $69.16
21.8%

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

Current Discount
Amount off the current price National Beverage is available for.
Intrinsic value
22%
Share price is $54.11 vs Future cash flow value of $69.16
Current Discount Checks
For National Beverage to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • National Beverage's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • National Beverage's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 National Beverage's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are National Beverage's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:FIZZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-26) in USD $3.24
NasdaqGS:FIZZ Share Price ** NasdaqGS (2019-04-22) in USD $54.11
United States of America Beverage Industry PE Ratio Median Figure of 16 Publicly-Listed Beverage Companies 30.61x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.21x

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

** Primary Listing of National Beverage.

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

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

= 54.11 ÷ 3.24

16.69x

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

  • National Beverage is good value based on earnings compared to the US Beverage industry average.
  • National Beverage is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does National Beverage's expected growth come at a high price?
Raw Data
NasdaqGS:FIZZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.4%per year
United States of America Beverage Industry PEG Ratio Median Figure of 12 Publicly-Listed Beverage Companies 3.1x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.69x ÷ 13.4%

1.25x

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

  • National Beverage is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on National Beverage's assets?
Raw Data
NasdaqGS:FIZZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-26) in USD $6.66
NasdaqGS:FIZZ Share Price * NasdaqGS (2019-04-22) in USD $54.11
United States of America Beverage Industry PB Ratio Median Figure of 28 Publicly-Listed Beverage Companies 6.99x
United States of America Market PB Ratio Median Figure of 5,186 Publicly-Listed Companies 1.91x
NasdaqGS:FIZZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 54.11 ÷ 6.66

8.13x

* Primary Listing of National Beverage.

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

  • National Beverage is overvalued based on assets compared to the US Beverage industry average.
X
Value checks
We assess National Beverage'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. National Beverage has a total score of 3/6, 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.

FIZZ Future Performance

 How is National Beverage 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
13.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is National Beverage expected to grow at an attractive rate?
  • National Beverage's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • National Beverage's earnings growth is positive but not above the United States of America market average.
  • National Beverage's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:FIZZ Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:FIZZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.4%
NasdaqGS:FIZZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.5%
United States of America Beverage Industry Earnings Growth Rate Market Cap Weighted Average 7.6%
United States of America Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
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%

*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:FIZZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:FIZZ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-04-30 1,069 2
2020-04-30 1,062 176 3
2019-04-30 1,019 152 3
NasdaqGS:FIZZ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-26 1,018 155 151
2018-10-27 1,025 159 167
2018-07-28 1,008 170 160
2018-04-28 976 155 150
2018-01-27 943 139 142
2017-10-28 911 133 126
2017-07-29 870 127 116
2017-04-29 827 114 107
2017-01-28 794 111 95
2016-10-29 761 95 82
2016-07-30 737 89 73
2016-04-30 705 80 61
2016-01-30 690 71 56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • National Beverage's earnings are expected to grow by 13.4% yearly, however this is not considered high growth (20% yearly).
  • National Beverage's revenue is expected to grow by 2.5% 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:FIZZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from National Beverage Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FIZZ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-04-30 3.18 3.18 3.18 1.00
2020-04-30 3.37 3.75 2.99 2.00
2019-04-30 3.14 3.23 3.04 2.00
NasdaqGS:FIZZ Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-26 3.24
2018-10-27 3.59
2018-07-28 3.44
2018-04-28 3.21
2018-01-27 3.06
2017-10-28 2.70
2017-07-29 2.50
2017-04-29 2.30
2017-01-28 2.05
2016-10-29 1.77
2016-07-30 1.57
2016-04-30 1.31
2016-01-30 1.20

*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.
  • National Beverage is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess National Beverage'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.
National Beverage has a total score of 2/6, 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.

FIZZ Past Performance

  How has National Beverage 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 National Beverage'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.
  • National Beverage has delivered over 20% year on year earnings growth in the past 5 years.
  • National Beverage's 1-year earnings growth is less than its 5-year average (6.2% vs 31%)
  • National Beverage's earnings growth has exceeded the US Beverage industry average in the past year (6.2% vs 4.5%).
Earnings and Revenue History
National Beverage'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 National Beverage Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FIZZ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-26 1,018.50 151.16 202.95
2018-10-27 1,025.08 167.43 198.86
2018-07-28 1,008.49 160.33 192.91
2018-04-28 975.73 149.77 186.95
2018-01-27 943.49 142.49 179.15
2017-10-28 910.58 125.70 172.86
2017-07-29 869.64 116.32 168.84
2017-04-29 826.92 107.05 163.60
2017-01-28 793.89 95.30 160.94
2016-10-29 761.01 82.21 157.21
2016-07-30 736.51 72.88 153.07
2016-04-30 704.79 60.96 148.38
2016-01-30 690.34 55.69 146.45
2015-10-31 671.68 53.27 143.60
2015-08-01 656.57 50.91 144.33
2015-05-02 645.83 49.04 145.16
2015-01-31 645.58 48.55 147.19
2014-11-01 639.33 46.76 149.06
2014-08-02 643.42 46.19 150.77
2014-05-03 641.14 42.91 153.22
2014-01-25 644.66 43.20 154.14
2013-10-26 652.61 44.63 153.61
2013-07-27 651.51 44.30 150.06
2013-04-27 662.01 46.77 146.22
2013-01-26 659.57 46.35 141.79
2012-10-27 651.25 45.84 141.28
2012-07-28 642.66 44.95 142.06
2012-04-28 628.89 43.99 146.17

*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.
  • National Beverage made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • National Beverage used its assets more efficiently than the US Beverage industry average last year based on Return on Assets.
  • National Beverage has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess National Beverage'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.
National Beverage has a total score of 5/6, 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.

FIZZ Health

 How is National Beverage'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 National Beverage's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • National Beverage is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • National Beverage's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of National Beverage'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.
  • National Beverage has no debt, it does not need to be covered by short term assets.
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 National Beverage Company Filings, last reported 2 months ago.

NasdaqGS:FIZZ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-26 305.49 0.00 269.85
2018-10-27 417.03 0.00 250.06
2018-07-28 378.39 0.00 243.04
2018-04-28 331.44 0.00 189.86
2018-01-27 293.51 0.00 155.02
2017-10-28 250.97 0.00 128.84
2017-07-29 213.47 0.00 175.92
2017-04-29 245.62 0.00 136.37
2017-01-28 216.45 0.00 105.67
2016-10-29 261.28 0.00 150.49
2016-07-30 235.67 0.00 132.58
2016-04-30 206.15 0.00 105.58
2016-01-30 192.95 0.00 86.10
2015-10-31 178.88 0.00 75.79
2015-08-01 162.94 5.00 66.29
2015-05-02 147.78 10.00 52.46
2015-01-31 137.47 15.00 40.45
2014-11-01 129.21 20.00 42.35
2014-08-02 115.94 25.00 37.29
2014-05-03 106.20 30.00 29.93
2014-01-25 101.97 35.00 27.12
2013-10-26 94.60 40.00 27.07
2013-07-27 82.00 45.00 28.90
2013-04-27 70.32 50.00 18.27
2013-01-26 58.78 60.00 18.50
2012-10-27 147.97 0.00 48.71
2012-07-28 135.26 0.00 46.61
2012-04-28 121.64 0.00 35.63
  • National Beverage has no debt.
  • National Beverage has no debt compared to 5 years ago when it was 34.2%.
  • National Beverage has no debt, it does not need to be covered by operating cash flow.
  • National Beverage has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess National Beverage'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. National Beverage has a total score of 6/6, 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.

FIZZ Dividends

 What is National Beverage'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
5.36%
Current annual income from National Beverage dividends. Estimated to be 1.79% next year.
If you bought $2,000 of National Beverage shares you are expected to receive $107 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?
  • National Beverage's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • National Beverage's dividend is above the markets top 25% of dividend payers in United States of America (3.62%).
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:FIZZ 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:FIZZ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-04-30 0.00 1.00
2020-04-30 0.00 1.00
2019-04-30 2.90 1.00
NasdaqGS:FIZZ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-20 2.900 4.149
2018-06-27 1.500 1.405
2018-03-08 1.500 1.627
2017-12-07 1.500 1.476
2017-05-05 1.500 1.475
2011-12-08 2.300 15.424
2011-09-08 2.300 14.065
2011-07-15 2.300 15.024
2010-12-06 2.300 16.895

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

  • Whilst dividend payments have been stable, National Beverage has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but National Beverage only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of National Beverage's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as National Beverage has not reported any payouts.
Future Payout to shareholders
  • Analysts do not expect the company to pay a dividend in 3 years, no need to check if it is sustainable.
X
Income/ dividend checks
We assess National Beverage'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 National Beverage afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. National Beverage has a total score of 2/6, see the detailed checks below.


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

FIZZ Management

 What is the CEO of National Beverage'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
Nick Caporella
COMPENSATION $9,757,340
AGE 82
TENURE AS CEO 34.3 years
CEO Bio

Mr. Nick A. Caporella has been Chief Executive Officer and Chairman of National Beverage Corp. since 1985. Mr. Caporella serves as the President of Shasta Sales Inc. He serves as Chief Executive Officer of Beverage Corporation International, Inc. Mr. Caporella served as President of National Beverage Corp. from 1985 to September 2002. Mr. Caporella served as Chairman of the Board of Burnup & Sims Inc. from 1979 to March 11, 1994 and as its Chief Executive Officer and President from 1976 to March 11, 1994. Since January 1, 1992, his services are provided to National Beverage Corp. through Corporate Management Advisors, Inc., a company which he owns. He serves as the Chairman of The Board of NewBevCo, Inc., Beverage Corporation International, Inc and Faygo Beverages, Inc. He serves on the Professional Advisory Board of St. Jude Children’s Hospital. He has been a Director of National Beverage Corp since 1985.

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

Average tenure and age of the National Beverage management team in years:

16.6
Average Tenure
73
Average Age
  • The average tenure for the National Beverage management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Nick Caporella

TITLE
Chairman & CEO
COMPENSATION
$10M
AGE
82
TENURE
34.3 yrs

Joseph Caporella

TITLE
President & Director
COMPENSATION
$1M
AGE
58
TENURE
16.6 yrs

George Bracken

TITLE
Executive Vice President of Finance
COMPENSATION
$590K
AGE
73
TENURE
6.8 yrs
Board of Directors Tenure

Average tenure and age of the National Beverage board of directors in years:

21.8
Average Tenure
75
Average Age
  • The average tenure for the National Beverage board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Nick Caporella

TITLE
Chairman & CEO
COMPENSATION
$10M
AGE
82
TENURE
34.3 yrs

Joseph Caporella

TITLE
President & Director
COMPENSATION
$1M
AGE
58
TENURE
32.3 yrs

Samuel Hathorn

TITLE
Independent Director
COMPENSATION
$76K
AGE
75
TENURE
21.8 yrs

Cecil Conlee

TITLE
Independent Director
COMPENSATION
$61K
AGE
80
TENURE
10.3 yrs

Stan Sheridan

TITLE
Independent Director
COMPENSATION
$62K
AGE
75
TENURE
9.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by National Beverage insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Mar 19 Buy Joseph Caporella Individual 14. Mar 19 14. Mar 19 6,000 $59.95 $359,700
X
Management checks
We assess National Beverage'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. National Beverage 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.

FIZZ News

Simply Wall St News

Is National Beverage Corp.’s (NASDAQ:FIZZ) 60% ROCE Any Good?

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

Simply Wall St -

Should You Investigate National Beverage Corp. (NASDAQ:FIZZ) At US$55.72?

saw significant share price movement during recent months on the NASDAQGS, rising to highs of $84.11 and falling to the lows of $55.72. … A question to answer is whether National Beverage's current trading price of $55.72 reflective of the actual value of the? … Let’s take a look at National Beverage’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Read This Before You Buy National Beverage Corp. (NASDAQ:FIZZ) Because Of Its P/E Ratio

We'll show how you can use National Beverage Corp.'s (NASDAQ:FIZZ) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, National Beverage's P/E ratio is 17.81. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

National Beverage Shareholders Have Enjoyed An Impressive 217% Share Price Gain

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, National Beverage managed to grow its earnings per share at 30% a year. … The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers)

Simply Wall St -

What Can We Make Of National Beverage Corp.’s (NASDAQ:FIZZ) High 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 metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Something To Consider Before Buying National Beverage Corp. (NASDAQ:FIZZ) For The 3.9% Dividend

Historically, National Beverage Corp. … Does National Beverage tick all the boxes of a great dividend stock? … See our latest analysis for National Beverage

Simply Wall St -

Is National Beverage Corp.'s (NASDAQ:FIZZ) Liquidity Good Enough?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as National Beverage Corp. … Don’t forget that this is a general and concentrated examination of National Beverage's financial health, so you should conduct further analysis. … View our latest analysis for National Beverage

Simply Wall St -

Is Now The Time To Look At Buying National Beverage Corp. (NASDAQ:FIZZ)?

saw significant share price movement during recent months on the NasdaqGS, rising to highs of $124.6 and falling to the lows of $79.97. … A question to answer is whether National Beverage's current trading price of $79.97 reflective of the actual value of the? … Let’s take a look at National Beverage’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Why National Beverage Corp (NASDAQ:FIZZ) Could Have A Place In Your Portfolio

Today I've chosen to put the spotlight on National Beverage Corp (NASDAQ:FIZZ) due to its excellent fundamentals in more than one area. … Below, I've touched on some key aspects you should know on a high level … If you're interested in understanding beyond my high-level commentary,

Simply Wall St -

Is National Beverage Corp (NASDAQ:FIZZ) Excessively Paying Its CEO?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Nick Caporella's Compensation Compare With Similar Sized Companies. … Our data indicates that National Beverage Corp is worth US$4.2b, and total annual CEO compensation is US$9.8m

Simply Wall St -

FIZZ Company Info

Description

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr. Pure brands; and carbonated soft drinks under the Shasta, Faygo, Red Pop, Moon Mist, and Rock’n’Rye brands. It serves retailers, as well as various smaller up-and-down-the-street accounts through the take-home, convenience, and food-service distribution channels. National Beverage Corp. was founded in 1985 and is based in Fort Lauderdale, Florida. National Beverage Corp. is a subsidiary of IBS Partners, Ltd.

Details
Name: National Beverage Corp.
FIZZ
Exchange: NasdaqGS
Founded: 1985
$2,523,827,839
46,642,540
Website: http://www.nationalbeverage.com
Address: National Beverage Corp.
8100 SW Tenth Street,
Suite 4000,
Fort Lauderdale,
Florida, 33324,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FIZZ Common Stock Nasdaq Global Select US USD 13. Sep 1991
DB 20V Common Stock Deutsche Boerse AG DE EUR 13. Sep 1991
LSE 0K50 Common Stock London Stock Exchange GB USD 13. Sep 1991
Number of employees
Current staff
Staff numbers
1,500
National Beverage employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 23:41
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/03/07
Last earnings reported: 2019/01/26
Last annual earnings reported: 2018/04/28


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.