NasdaqGS:FIZZ

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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 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

2.9%

FIZZ

2.6%

US Beverage

2.7%

US Market


1 Year Return

26.2%

FIZZ

0.2%

US Beverage

9.1%

US Market

Return vs Industry: FIZZ exceeded the US Beverage industry which returned 0.2% over the past year.

Return vs Market: FIZZ exceeded the US Market which returned 9.1% over the past year.


Shareholder returns

FIZZIndustryMarket
7 Day2.9%2.6%2.7%
30 Day13.4%2.3%4.5%
90 Day34.7%-4.1%2.3%
1 Year26.2%26.2%2.8%0.2%11.5%9.1%
3 Year-37.7%-39.6%13.6%5.0%30.6%22.0%
5 Year183.2%162.3%45.9%27.9%57.2%39.5%

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

Valuation

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

22.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FIZZ ($56.98) is trading above our estimate of fair value ($42.55)

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 (22.2x) compared to the Beverage industry average (23.8x).

PE vs Market: FIZZ is poor value based on its PE Ratio (22.2x) compared to the US market (15.9x).


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 (6.2x) compared to the US Beverage industry average (3.1x).


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% per year).

High Growth Revenue: FIZZ's revenue is forecast to decline over the next 3 years (-0% 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 (23.8%)


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 (7.9%).


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?

5.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FIZZ's dividend (5.09%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: FIZZ's dividend (5.09%) is in the top 25% of dividend payers in the US market (4.48%)


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: No need to calculate the sustainability of FIZZ's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

17.7yrs

Average management tenure


CEO

Nick Caporella (83yo)

35.33yrs

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

NamePositionTenureCompensationOwnership
Nick Caporella
Chairman & CEO35.33yrsUS$10.14m2.03% $53.9m
Joseph Caporella
President & Director33.33yrsUS$1.60m0.97% $25.7m
George Bracken
Executive Vice President of Finance7.83yrsUS$690.80k0.30% $8.1m

17.7yrs

Average Tenure

74yo

Average Age

Experienced Management: FIZZ's management team is seasoned and experienced (17.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Nick Caporella
Chairman & CEO35.33yrsUS$10.14m2.03% $53.9m
Joseph Caporella
President & Director33.33yrsUS$1.60m0.97% $25.7m
Cecil Conlee
Independent Director11.33yrsUS$61.40k0.084% $2.2m
Samuel Hathorn
Independent Director22.92yrsUS$76.00k0.17% $4.6m
Stanley Sheridan
Independent Director10.58yrsUS$62.00k0.070% $1.9m

22.9yrs

Average Tenure

76yo

Average Age

Experienced Board: FIZZ's board of directors are seasoned and experienced ( 22.9 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$2.656b
  • 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

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. 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 02:55
End of Day Share Price2020/05/29 00:00
Earnings2020/01/25
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.