NasdaqGS:FIZZ

Stock Analysis Report

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.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

2.1%

FIZZ

-0.2%

US Beverage

1.3%

US Market


1 Year Return

-50.9%

FIZZ

17.3%

US Beverage

5.9%

US Market

Return vs Industry: FIZZ underperformed the US Beverage industry which returned 17.3% over the past year.

Return vs Market: FIZZ underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

FIZZIndustryMarket
7 Day2.1%-0.2%1.3%
30 Day3.5%-1.2%-1.9%
90 Day12.7%1.1%-1.8%
1 Year-49.3%-50.9%20.4%17.3%8.3%5.9%
3 Year7.0%-0.9%33.2%22.9%45.6%36.2%
5 Year116.6%100.7%55.4%35.7%66.1%47.9%

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

Valuation

Is National Beverage undervalued compared to its fair value and its price relative to the market?

17.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: FIZZ ($48.14) is trading above our estimate of fair value ($36.65)

Significantly Undervalued: 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 (17.7x) compared to the Beverage industry average (31.2x).

PE vs Market: FIZZ is poor value based on its PE Ratio (17.7x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low 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 (6x) compared to the US Beverage industry average (5.1x).


Next Steps

Future Growth

How is National Beverage forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-8.5%

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 (-8.5% per year).

Earnings vs Market: FIZZ's earnings are forecast to decline over the next 3 years (-8.5% per year).

High Growth Earnings: FIZZ's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FIZZ's revenue (0.1% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: FIZZ's revenue (0.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: FIZZ's Return on Equity is forecast to be high in 3 years time (24.2%)


Next Steps

Past Performance

How has National Beverage performed over the past 5 years?

27.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FIZZ's earnings have grown significantly by 27.2% 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 (-21%) over the past year, making it difficult to compare to the Beverage industry average (-1.9%).


Return on Equity

High ROE: FIZZ's Return on Equity (34.6%) is considered high.


Return on Assets

ROA vs Industry: FIZZ has a higher Return on Assets than the Beverage industry average last year.


Return on Capital Employed

ROCE Improving: FIZZ's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is National Beverage's financial position?


Financial Position Analysis

Short Term Liabilities: FIZZ's short term assets ($366.8M) exceeds its short term liabilities ($117.4M)

Long Term Liabilities: FIZZ's short term assets (366.8M) exceeds its long term liabilities (66.5M)


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 21.9%.

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

Inventory Level: FIZZ has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FIZZ's debt is covered by short term assets.


Next Steps

Dividend

What is National Beverage's current dividend yield, its reliability and sustainability?

6.02%

Current Dividend Yield


Dividend Yield vs Market

company6.0%marketbottom25%1.5%markettop25%3.8%industryaverage2.7%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FIZZ's dividend (6.02%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: FIZZ's dividend (6.02%) is in the top 25% of dividend payers in the US market (3.77%)

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

What is the CEO of National Beverage's salary, the management and board of directors tenure and is there insider trading?

17.1yrs

Average management tenure


CEO

Nick Caporella (83yo)

34.8yrs

Tenure

US$10,141,050

Compensation

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 ...


Management Age and Tenure

17.1yrs

Average Tenure

74yo

Average Age

Experienced Management: FIZZ's management team is seasoned and experienced (17.1 years average tenure).


Board Age and Tenure

22.3yrs

Average Tenure

76yo

Average Age

Experienced Board: FIZZ's board of directors are seasoned and experienced ( 22.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$199,00706 Sep 19
Nick Caporella
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares3,300
Max PriceUS$60.31
BuyUS$359,70015 Mar 19
Joseph Caporella
EntityIndividual
Role
Member of the Board of Directors
President & Director
Shares6,000
Max PriceUS$59.95

Ownership Breakdown


Management Team

  • Nick Caporella (83yo)

    Chairman & CEO

    • Tenure: 34.8yrs
    • Compensation: US$10.14m
  • Joseph Caporella (59yo)

    President & Director

    • Tenure: 32.8yrs
    • Compensation: US$1.60m
  • George Bracken (74yo)

    Executive Vice President of Finance

    • Tenure: 7.3yrs
    • Compensation: US$690.80k

Board Members

  • Nick Caporella (83yo)

    Chairman & CEO

    • Tenure: 34.8yrs
    • Compensation: US$10.14m
  • Joseph Caporella (59yo)

    President & Director

    • Tenure: 32.8yrs
    • Compensation: US$1.60m
  • Cecil Conlee (81yo)

    Independent Director

    • Tenure: 10.8yrs
    • Compensation: US$61.40k
  • Samuel Hathorn (76yo)

    Independent Director

    • Tenure: 22.3yrs
    • Compensation: US$76.00k
  • Stan Sheridan (76yo)

    Independent Director

    • Tenure: 10yrs
    • Compensation: US$62.00k

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$2.245b
  • Shares outstanding: 46.63m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FIZZNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDSep 1991
20VDB (Deutsche Boerse AG)YesCommon StockDEEURSep 1991
0K50LSE (London Stock Exchange)YesCommon StockGBUSDSep 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. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:35
End of Day Share Price2019/10/14 00:00
Earnings2019/07/27
Annual Earnings2019/04/27


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.