National Beverage
Market Cap
US$2.2b
Last Updated
2020/04/08 05:42 UTC
Data Sources
Company Financials +
Executive Summary
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.
Rewards
PE ratio (18x) is below the Beverage industry average (26.3x)
Risk Analysis
Earnings are forecast to decline by an average of -12.1% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has National Beverage's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FIZZ has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
12.3%
FIZZ
6.2%
US Beverage
2.4%
US Market
1 Year Return
-16.9%
FIZZ
-1.7%
US Beverage
-10.0%
US Market
Return vs Industry: FIZZ underperformed the US Beverage industry which returned -1.7% over the past year.
Return vs Market: FIZZ underperformed the US Market which returned -10% over the past year.
Shareholder returns
| FIZZ | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.3% | 6.2% | 2.4% |
| 30 Day | 5.7% | -9.6% | -11.0% |
| 90 Day | -0.2% | -11.4% | -19.4% |
| 1 Year | -16.9%-16.9% | 0.9%-1.7% | -8.1%-10.0% |
| 3 Year | -43.2%-45.8% | 16.2%7.2% | 17.3%9.6% |
| 5 Year | 103.5%88.5% | 36.8%19.8% | 36.1%21.1% |
Price Volatility Vs. Market
How volatile is National Beverage's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Do You Like National Beverage Corp. (NASDAQ:FIZZ) At This P/E Ratio?1 month ago | Simply Wall St
Results: National Beverage Corp. Exceeded Expectations And The Consensus Has Updated Its Estimates1 month ago | Simply Wall St
Is National Beverage Corp.’s (NASDAQ:FIZZ) 33% ROCE Any Good?Valuation
Is National Beverage undervalued compared to its fair value and its price relative to the market?
18.02x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FIZZ ($46.33) is trading above our estimate of fair value ($41.22)
Significantly Below Fair Value: FIZZ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FIZZ is good value based on its PE Ratio (18x) compared to the Beverage industry average (26.3x).
PE vs Market: FIZZ is poor value based on its PE Ratio (18x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: FIZZ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FIZZ is overvalued based on its PB Ratio (5.1x) compared to the US Beverage industry average (2.8x).
Next Steps
Future Growth
How is National Beverage forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-12.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FIZZ's earnings are forecast to decline over the next 3 years (-12.1% per year).
Earnings vs Market: FIZZ's earnings are forecast to decline over the next 3 years (-12.1% per year).
High Growth Earnings: FIZZ's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FIZZ's revenue is expected to decline over the next 3 years (-0.8% per year).
High Growth Revenue: FIZZ's revenue is forecast to decline over the next 3 years (-0.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FIZZ's Return on Equity is forecast to be high in 3 years time (22.8%)
Next Steps
Past Performance
How has National Beverage performed over the past 5 years?
21.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FIZZ has high quality earnings.
Growing Profit Margin: FIZZ's current net profit margins (12.3%) are lower than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: FIZZ's earnings have grown significantly by 21.6% per year over the past 5 years.
Accelerating Growth: FIZZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FIZZ had negative earnings growth (-20.8%) over the past year, making it difficult to compare to the Beverage industry average (9.9%).
Return on Equity
High ROE: FIZZ's Return on Equity (28.4%) is considered high.
Next Steps
Financial Health
How is National Beverage's financial position?
Financial Position Analysis
Short Term Liabilities: FIZZ's short term assets ($407.0M) exceed its short term liabilities ($109.2M).
Long Term Liabilities: FIZZ's short term assets ($407.0M) exceed its long term liabilities ($57.9M).
Debt to Equity History and Analysis
Debt Level: FIZZ is debt free.
Reducing Debt: FIZZ has no debt compared to 5 years ago when its debt to equity ratio was 11.1%.
Debt Coverage: FIZZ has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FIZZ has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is National Beverage's current dividend yield, its reliability and sustainability?
6.26%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FIZZ's dividend (6.26%) is higher than the bottom 25% of dividend payers in the US market (1.93%).
High Dividend: FIZZ's dividend (6.26%) is in the top 25% of dividend payers in the US market (5.46%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FIZZ has been paying a dividend for less than 10 years.
Growing Dividend: FIZZ's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FIZZ is not forecast to pay a dividend in 3 years.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
17.6yrs
Average management tenure
CEO
Nick Caporella (83yo)
35.25s
Tenure
US$10,141,050
Compensation
Mr. Nick A. Caporella has been Chief Executive Officer and Chairman of National Beverage Corp. since 1985. He serves as Chief Executive Officer of National Beverage Inc at Everfresh Beverages, Inc. Mr. Cap ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 35.25yrs | US$10.14m | 2.03% $43.8m | |
| President & Director | 33.25yrs | US$1.60m | 0.97% $20.9m | |
| Executive Vice President of Finance | 7.75yrs | US$690.80k | 0.30% $6.6m |
17.6yrs
Average Tenure
74yo
Average Age
Experienced Management: FIZZ's management team is seasoned and experienced (17.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 35.25yrs | US$10.14m | 2.03% $43.8m | |
| President & Director | 33.25yrs | US$1.60m | 0.97% $20.9m | |
| Independent Director | 11.25yrs | US$61.40k | 0.084% $1.8m | |
| Independent Director | 22.83yrs | US$76.00k | 0.18% $3.8m | |
| Independent Director | 10.5yrs | US$62.00k | 0.070% $1.5m |
22.8yrs
Average Tenure
76yo
Average Age
Experienced Board: FIZZ's board of directors are seasoned and experienced ( 22.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
National Beverage Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: National Beverage Corp.
- Ticker: FIZZ
- Exchange: NasdaqGS
- Founded: 1985
- Industry: Soft Drinks
- Sector: Food, Beverage & Tobacco
- Market Cap: US$2.160b
- Shares outstanding: 46.62m
- Website: https://www.nationalbeverage.com
Number of Employees
Location
- National Beverage Corp.
- 8100 SW Tenth Street
- Suite 4000
- Fort Lauderdale
- Florida
- 33324
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FIZZ | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Sep 1991 |
| 20V | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 1991 |
| 0K50 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Sep 1991 |
Biography
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, 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/08 05:42 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2020/01/25 |
| Annual Earnings | 2019/04/27 |
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.