National Beverage
Market Cap
US$2.3b
Last Updated
2019/12/08 23:39 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 (19.9x) is below the Beverage industry average (29.5x)
Risk Analysis
Earnings are forecast to decline by an average of -10.4% 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
8.9%
FIZZ
0.4%
US Beverage
0.3%
US Market
1 Year Return
-35.4%
FIZZ
11.8%
US Beverage
18.5%
US Market
Return vs Industry: FIZZ underperformed the US Beverage industry which returned 11.8% over the past year.
Return vs Market: FIZZ underperformed the US Market which returned 18.5% over the past year.
Shareholder returns
| FIZZ | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.9% | 0.4% | 0.3% |
| 30 Day | 31.8% | 2.6% | 1.5% |
| 90 Day | 22.0% | -0.2% | 5.7% |
| 1 Year | -35.4%-35.4% | 14.7%11.8% | 21.1%18.5% |
| 3 Year | 9.6%4.4% | 37.9%27.1% | 45.9%36.4% |
| 5 Year | 144.9%126.9% | 59.0%38.9% | 71.4%52.5% |
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
1 day ago | Simply Wall St
What Is National Beverage's (NASDAQ:FIZZ) P/E Ratio After Its Share Price Rocketed?5 days ago | Simply Wall St
Is Now An Opportune Moment To Examine National Beverage Corp. (NASDAQ:FIZZ)?2 weeks ago | Simply Wall St
Does This Valuation Of National Beverage Corp. (NASDAQ:FIZZ) Imply Investors Are Overpaying?Valuation
Is National Beverage undervalued compared to its fair value and its price relative to the market?
19.92x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FIZZ ($54.06) is trading above our estimate of fair value ($38.03)
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 (19.9x) compared to the Beverage industry average (29.5x).
PE vs Market: FIZZ is poor value based on its PE Ratio (19.9x) compared to the US market (18.5x).
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 (6.8x) compared to the US Beverage industry average (3.4x).
Next Steps
Future Growth
How is National Beverage forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-10.4%
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 (-10.4% per year).
Earnings vs Market: FIZZ's earnings are forecast to decline over the next 3 years (-10.4% 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 (24.1%)
Next Steps
Past Performance
How has National Beverage performed over the past 5 years?
27.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FIZZ has high quality earnings.
Growing Profit Margin: FIZZ's current net profit margins (12.8%) are lower than last year (15.9%).
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 (5.4%).
Return on Equity
High ROE: FIZZ's Return on Equity (34.6%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is National Beverage's financial position?
Financial Position Analysis
Short Term Liabilities: FIZZ's short term assets ($366.8M) exceed its short term liabilities ($117.4M).
Long Term Liabilities: FIZZ's short term assets ($366.8M) exceed 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?
5.36%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FIZZ's dividend (5.36%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: FIZZ's dividend (5.36%) is in the top 25% of dividend payers in the US market (3.7%)
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
What is the CEO of National Beverage's salary, the management and board of directors tenure and is there insider trading?
17.3yrs
Average management tenure
CEO
Nick Caporella (83yo)
34.9yrs
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
17.3yrs
Average Tenure
74yo
Average Age
Experienced Management: FIZZ's management team is seasoned and experienced (17.3 years average tenure).
Board Age and Tenure
22.5yrs
Average Tenure
76yo
Average Age
Experienced Board: FIZZ's board of directors are seasoned and experienced ( 22.5 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
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 3,300 |
| Max Price | US$60.31 |
| Entity | Individual |
| Role | Member of the Board of Directors President & Director |
| Shares | 6,000 |
| Max Price | US$59.95 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Nick Caporella (83yo)
Chairman & CEO
- Tenure: 34.9yrs
- Compensation: US$10.14m
Joseph Caporella (59yo)
President & Director
- Tenure: 32.9yrs
- Compensation: US$1.60m
George Bracken (74yo)
Executive Vice President of Finance
- Tenure: 7.4yrs
- Compensation: US$690.80k
Board Members
Nick Caporella (83yo)
Chairman & CEO
- Tenure: 34.9yrs
- Compensation: US$10.14m
Joseph Caporella (59yo)
President & Director
- Tenure: 32.9yrs
- Compensation: US$1.60m
Cecil Conlee (81yo)
Independent Director
- Tenure: 10.9yrs
- Compensation: US$61.40k
Samuel Hathorn (76yo)
Independent Director
- Tenure: 22.5yrs
- Compensation: US$76.00k
Stan Sheridan (76yo)
Independent Director
- Tenure: 10.2yrs
- 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$2.279b
- 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
| 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. ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/08 23:39 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/07/27 |
| 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.