Loading...

Boston Beer Company

NYSE:SAM
Snowflake Description

Flawless balance sheet with solid track record.

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

The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The last earnings update was 83 days ago. More info.


Add to Portfolio Compare Print
  • Boston Beer Company has significant price volatility in the past 3 months.
SAM Share Price and Events
7 Day Returns
2.4%
NYSE:SAM
-0%
US Beverage
1.1%
US Market
1 Year Returns
22%
NYSE:SAM
12.1%
US Beverage
4.7%
US Market
SAM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Boston Beer Company (SAM) 2.4% 15.3% 47.1% 22% 137.5% 77.1%
US Beverage -0% 1.7% 9.3% 12.1% 15.8% 37.2%
US Market 1.1% 4.3% 2.9% 4.7% 37.7% 43.6%
1 Year Return vs Industry and Market
  • SAM outperformed the Beverage industry which returned 12.1% over the past year.
  • SAM outperformed the Market in United States of America which returned 4.7% over the past year.
Price Volatility
SAM
Industry
5yr Volatility vs Market

SAM Value

 Is Boston Beer Company 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 Boston Beer Company 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 Boston Beer Company.

NYSE:SAM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 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 NYSE:SAM
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 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.561 (1 + (1- 21%) (0.66%))
0.708
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 NYSE:SAM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Boston Beer Company 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.

NYSE:SAM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2020 114.92 Analyst x3 106.90
2021 130.09 Analyst x2 112.57
2022 139.23 Analyst x1 112.08
2023 153.29 Analyst x1 114.79
2024 164.47 Est @ 7.3% 114.57
2025 174.21 Est @ 5.93% 112.90
2026 182.87 Est @ 4.97% 110.24
2027 190.72 Est @ 4.3% 106.95
2028 198.02 Est @ 3.83% 103.30
2029 204.95 Est @ 3.5% 99.46
Present value of next 10 years cash flows $1,093.77
NYSE:SAM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $204.95 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$4,415.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,415.69 ÷ (1 + 7.5%)10
$2,142.86
NYSE:SAM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,093.77 + $2,142.86
$3,236.64
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,236.64 / 11.96
$270.55
NYSE:SAM Discount to Share Price
Calculation Result
Value per share (USD) From above. $270.55
Current discount Discount to share price of $391.03
= -1 x ($391.03 - $270.55) / $270.55
-44.5%

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

  • The current share price of Boston Beer Company is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Boston Beer Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Boston Beer Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SAM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $9.16
NYSE:SAM Share Price ** NYSE (2019-07-16) in USD $391.03
United States of America Beverage Industry PE Ratio Median Figure of 16 Publicly-Listed Beverage Companies 30.99x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.98x

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

** Primary Listing of Boston Beer Company.

NYSE:SAM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SAM Share Price ÷ EPS (both in USD)

= 391.03 ÷ 9.16

42.68x

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

  • Boston Beer Company is overvalued based on earnings compared to the US Beverage industry average.
  • Boston Beer Company is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Boston Beer Company's expected growth come at a high price?
Raw Data
NYSE:SAM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
8.8%per year
United States of America Beverage Industry PEG Ratio Median Figure of 13 Publicly-Listed Beverage Companies 2x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NYSE:SAM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 42.68x ÷ 8.8%

4.83x

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

  • Boston Beer Company is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Boston Beer Company's assets?
Raw Data
NYSE:SAM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $42.40
NYSE:SAM Share Price * NYSE (2019-07-16) in USD $391.03
United States of America Beverage Industry PB Ratio Median Figure of 29 Publicly-Listed Beverage Companies 5.8x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NYSE:SAM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SAM Share Price ÷ Book Value per Share (both in USD)

= 391.03 ÷ 42.40

9.22x

* Primary Listing of Boston Beer Company.

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

  • Boston Beer Company is overvalued based on assets compared to the US Beverage industry average.
X
Value checks
We assess Boston Beer Company'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. Boston Beer Company has a total score of 0/6, 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.

SAM Future Performance

 How is Boston Beer Company expected to perform in the next 1 to 3 years based on estimates from 8 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
8.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Boston Beer Company expected to grow at an attractive rate?
  • Boston Beer Company's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Boston Beer Company's earnings growth is positive but not above the United States of America market average.
  • Boston Beer Company's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SAM Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SAM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 8.8%
NYSE:SAM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 8.9%
United States of America Beverage Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
United States of America Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
NYSE:SAM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SAM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,620 273 1
2022-12-31 1,507 251 1
2021-12-31 1,439 222 130 6
2020-12-31 1,322 208 123 8
2019-12-31 1,178 174 108 8
NYSE:SAM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 1,057 188 106
2018-12-29 996 163 92
2018-09-29 977 136 101
2018-06-30 917 129 96
2018-03-31 892 131 102
2017-12-30 863 136 99
2017-09-30 876 154 90
2017-07-01 882 164 88
2017-04-01 879 140 86
2016-12-31 906 154 87
2016-09-24 902 135 81
2016-06-25 942 142 88

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Boston Beer Company's earnings are expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).
  • Boston Beer Company's revenue is expected to grow by 8.9% 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
NYSE:SAM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Boston Beer Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SAM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 11.16 11.60 10.67 4.00
2020-12-31 10.31 11.23 9.61 5.00
2019-12-31 9.17 10.00 8.77 4.00
NYSE:SAM Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 9.16
2018-12-29 7.90
2018-09-29 8.62
2018-06-30 8.21
2018-03-31 8.60
2017-12-30 8.18
2017-09-30 7.37
2017-07-01 7.13
2017-04-01 6.88
2016-12-31 6.93
2016-09-24 6.40
2016-06-25 6.86

*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.
  • Boston Beer Company is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Boston Beer Company'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.
Boston Beer Company 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.

SAM Past Performance

  How has Boston Beer Company 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 Boston Beer Company'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.
  • Boston Beer Company's year on year earnings growth rate has been positive over the past 5 years.
  • Boston Beer Company's 1-year earnings growth exceeds its 5-year average (3.9% vs 3.2%)
  • Boston Beer Company's earnings growth has exceeded the US Beverage industry average in the past year (3.9% vs -5.9%).
Earnings and Revenue History
Boston Beer Company'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 Boston Beer Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SAM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 1,056.84 106.01 403.95
2018-12-29 995.65 91.79 395.71
2018-09-29 976.75 100.59 399.98
2018-06-30 916.92 96.45 369.48
2018-03-31 891.75 102.08 346.32
2017-12-30 862.99 98.51 331.78
2017-09-30 876.04 90.19 313.15
2017-07-01 882.43 88.07 316.44
2017-04-01 879.31 85.59 314.27
2016-12-31 906.45 86.91 322.25
2016-09-24 902.21 80.89 331.03
2016-06-25 941.87 87.97 343.65
2016-03-26 949.26 91.27 348.00
2015-12-26 959.93 97.95 345.19
2015-09-26 962.62 100.88 338.96
2015-06-27 939.26 100.15 323.82
2015-03-28 918.67 95.64 317.02
2014-12-27 903.01 90.23 316.67
2014-09-27 890.57 89.22 315.74
2014-06-28 837.25 77.01 306.81
2014-03-29 786.97 71.29 289.29
2013-12-28 739.05 69.88 270.26
2013-09-28 686.68 68.65 247.66
2013-06-29 636.71 63.71 235.75
2013-03-30 602.88 58.29 227.61
2012-12-29 580.22 58.92 219.48
2012-09-29 569.28 59.99 220.53

*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.
  • Boston Beer Company has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Boston Beer Company used its assets more efficiently than the US Beverage industry average last year based on Return on Assets.
  • Boston Beer Company's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Boston Beer Company'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.
Boston Beer Company 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.

SAM Health

 How is Boston Beer Company'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 Boston Beer Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Boston Beer Company is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Boston Beer Company's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Boston Beer Company'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.
  • Boston Beer Company 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 Boston Beer Company Company Filings, last reported 3 months ago.

NYSE:SAM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 489.82 0.00 102.89
2018-12-29 460.32 0.00 108.40
2018-09-29 434.55 0.00 68.89
2018-06-30 442.67 0.00 76.18
2018-03-31 436.93 0.00 46.65
2017-12-30 423.52 0.00 65.64
2017-09-30 414.29 0.00 70.05
2017-07-01 421.66 0.00 71.65
2017-04-01 435.41 0.34 59.89
2016-12-31 446.58 0.00 91.04
2016-09-24 450.24 0.47 77.27
2016-06-25 412.23 0.47 27.58
2016-03-26 435.35 0.47 51.13
2015-12-26 461.22 0.53 94.19
2015-09-26 494.80 0.47 134.61
2015-06-27 514.68 0.47 146.98
2015-03-28 495.12 0.53 122.16
2014-12-27 436.14 0.58 76.40
2014-09-27 412.38 0.58 57.18
2014-06-28 371.73 0.58 31.28
2014-03-29 344.10 0.58 27.98
2013-12-28 302.09 0.64 49.52
2013-09-28 281.42 0.64 43.73
2013-06-29 253.54 0.82 24.87
2013-03-30 245.60 0.80 32.29
2012-12-29 245.09 0.63 74.46
2012-09-29 230.42 0.63 62.84
  • Boston Beer Company has no debt.
  • Boston Beer Company has no debt compared to 5 years ago when it was 0.2%.
  • Boston Beer Company has no debt, it does not need to be covered by operating cash flow.
  • Boston Beer Company has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Boston Beer Company'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. Boston Beer Company 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.

SAM Dividends

 What is Boston Beer Company'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
0%
Current annual income from Boston Beer Company dividends. Estimated to be 0% next year.
If you bought $2,000 of Boston Beer Company shares you are expected to receive $0 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?
  • Unable to evaluate Boston Beer Company's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Boston Beer Company's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NYSE:SAM 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 8 Analyst Estimates (S&P Global) See Below
United States of America Beverage Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 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 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SAM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 6.00
2020-12-31 0.00 6.00
2019-12-31 0.00 6.00

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

  • Unable to perform a dividend volatility check as Boston Beer Company has not reported any payouts.
  • Unable to verify if Boston Beer Company's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Boston Beer Company's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Boston Beer Company has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Boston Beer Company's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Boston Beer Company'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 Boston Beer Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Boston Beer Company has a total score of 0/6, see the detailed checks below.


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

SAM Management

 What is the CEO of Boston Beer Company'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
Dave Burwick
COMPENSATION $20,037,668
AGE 57
TENURE AS CEO 1.3 years
CEO Bio

Mr. David A. Burwick, also known as Dave, has been the President and Chief Executive Officer at The Boston Beer Company, Inc. since April 2018.. Mr. Burwick was Chief Executive Officer and President of Peet's Coffee & Tea, Inc., since December 2012. Mr. Burwick served as the President of Weight Watchers North America, Inc. He oversaw Weight Watchers's largest business unit, its North American meetings operations, which included North American products, publishing and licensing businesses, as well as marketing oversight for the full range of its North American products and services and the internet offerings. He served as the President of North America Operations at Weight Watchers International, Inc. from April 30, 2010 to December 2012. Mr. Burwick served as the Senior Vice President and Chief Marketing Officer for North America Beverages at Pepsico, Inc. from June 2002 to September 2009. He served as President of Pepsi-QTG Canada Operations of Pepsico, Inc. from November 14, 2005 to March 2008. He served as an Executive Vice President of Commercial Operations at Pepsico International Inc. He has extensive experience in marketing consumer product goods and brand development. He served as President of Pepsi-Quaker Tropicana Gatorade in Canada of PepsiCo Inc. since November 14, 2005 until March 2008. He joined Pepsi in 1989 and served as its Vice President of Marketing, Consumer Promotions & Sports since 1998. He has been an Independent Non-Executive Director of Boston Beer Co., Inc. since February 15, 2005. Mr. Burwick has an MBA from Harvard Business School and a BA from Middlebury College.

CEO Compensation
  • Dave's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Dave'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 Boston Beer Company management team in years:

3.2
Average Tenure
56
Average Age
  • The tenure for the Boston Beer Company management team is about average.
Management Team

Jim Koch

TITLE
Founder & Chairman
COMPENSATION
$2M
AGE
69
TENURE
35.5 yrs

Dave Burwick

TITLE
President
COMPENSATION
$20M
AGE
57
TENURE
1.3 yrs

Frank Smalla

TITLE
CFO & Treasurer
COMPENSATION
$2M
AGE
53
TENURE
3.4 yrs

John Geist

TITLE
Chief Sales Officer
COMPENSATION
$2M
AGE
59
TENURE
3.5 yrs

Quincy Troupe

TITLE
Senior Vice President of Supply Chain
COMPENSATION
$1M
AGE
53
TENURE
3.5 yrs

Matt Murphy

TITLE
Chief Accounting Officer
AGE
50
TENURE
3.9 yrs

Tara Heath

TITLE
VP of Legal & Deputy General Counsel
AGE
44
TENURE
3 yrs

Lesya Lysyj

TITLE
Chief Marketing Officer
AGE
56
TENURE
0.3 yrs

Cheryl Fisher

TITLE
Vice President of Human Resources
AGE
60
TENURE
2.8 yrs

Sam Calagione

TITLE
Founder & Brewer of Dogfish Head
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Boston Beer Company board of directors in years:

4.7
Average Tenure
58
Average Age
  • The tenure for the Boston Beer Company board of directors is about average.
Board of Directors

Jim Koch

TITLE
Founder & Chairman
COMPENSATION
$2M
AGE
69

Dave Burwick

TITLE
President
COMPENSATION
$20M
AGE
57
TENURE
14.4 yrs

Jean-Michel Valette

TITLE
Lead Director
COMPENSATION
$176K
AGE
58
TENURE
6.2 yrs

Michael Spillane

TITLE
Director
COMPENSATION
$157K
AGE
59
TENURE
3.2 yrs

Cynthia Fisher

TITLE
Non-Executive Director
COMPENSATION
$145K
AGE
58
TENURE
7.5 yrs

David Fialkow

TITLE
Director
COMPENSATION
$157K
AGE
60
TENURE
3.2 yrs

Meghan Joyce

TITLE
Director
AGE
34
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
25. Feb 19 Sell Frank Smalla Individual 25. Feb 19 25. Feb 19 -519 $307.69 $-157,937
26. Nov 18 Sell David Grinnell Individual 30. Oct 18 30. Oct 18 -784 $307.52 $-241,096
30. Oct 18 Sell Quincy Troupe Individual 30. Oct 18 30. Oct 18 -700 $298.80 $-209,160
X
Management checks
We assess Boston Beer Company'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. Boston Beer Company 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.

SAM News

Simply Wall St News

Are The Boston Beer Company, Inc.’s (NYSE:SAM) High Returns Really That Great?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Boston Beer Company: 0.24 = US$137m ÷ (US$704m - US$132m) (Based on the trailing twelve months to March 2019.) Therefore, Boston Beer Company has an ROCE of 24%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … What We Can Learn From Boston Beer Company's ROCE With low current liabilities and a high ROCE, Boston Beer Company could be worthy of further investigation.

Simply Wall St -

Did The Boston Beer Company, Inc.'s (NYSE:SAM) Recent Earnings Growth Beat The Trend?

After looking at The Boston Beer Company, Inc.'s (NYSE:SAM) latest earnings update (30 March 2019), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … See our latest analysis for Boston Beer Company Did SAM beat its long-term earnings growth trend and its industry? … I recommend you continue to research Boston Beer Company to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for SAM’s future growth?

Simply Wall St -

How Good Is The Boston Beer Company, Inc. (NYSE:SAM), When It Comes To ROE?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Boston Beer Company: 22% = US$106m ÷ US$490m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Boston Beer Company Have A Good Return On Equity? … Combining Boston Beer Company's Debt And Its 22% Return On Equity Although Boston Beer Company does use a little debt, its debt to equity ratio of just 0.063 is very low.

Simply Wall St -

Need To Know: The Boston Beer Company, Inc. (NYSE:SAM) Insiders Have Been Selling Shares

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Boston Beer Company The Last 12 Months Of Insider Transactions At Boston Beer Company In the last twelve months, the biggest single sale by an insider was when the , David Grinnell, sold US$241k worth of shares at a price of US$308 per share. … Insiders in Boston Beer Company didn't buy any shares in the last year. … Insiders at Boston Beer Company Have Sold Stock Recently The last quarter saw substantial insider selling of Boston Beer Company shares.

Simply Wall St -

Should You Be Tempted To Sell The Boston Beer Company, Inc. (NYSE:SAM) Because Of Its P/E Ratio?

We'll show how you can use The Boston Beer Company, Inc.'s (NYSE:SAM) P/E ratio to inform your assessment of the investment opportunity. … Boston Beer Company has a P/E ratio of 33.08, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Are Analysts Saying About The Boston Beer Company, Inc.'s (NYSE:SAM) Growth?

(NYSE:SAM) released its earnings in December 2018,. … the consensus outlook from analysts appear fairly confident, … the past 5-year average growth rate of 3.6%

Simply Wall St -

Does Boston Beer Company's (NYSE:SAM) Share Price Gain of 55% Match Its Business Performance?

By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Boston Beer Company was able to grow its EPS at 1.9% per year over three years, sending the share price higher. … It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years

Simply Wall St -

The Boston Beer Company, Inc. (NYSE:SAM): What Can We Expect From This High Growth Stock?

The latest earnings release The Boston Beer Company, Inc.'s (NYSE:SAM) announced in December 2018a

Simply Wall St -

Want To Invest In The Boston Beer Company, Inc. (NYSE:SAM)? Here's How It Performed Lately

In this commentary, I will examine The Boston Beer Company, Inc.'s (NYSE:SAM) latest earnings update (29 December 2018) and compare these figures against its performance over the past couple of years, as well as how the rest of the beverage industry performed. … View our latest analysis for Boston Beer Company? … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 3.6%, indicating the rate at which SAM is growing has slowed down

Simply Wall St -

Is The Boston Beer Company, Inc. (NYSE:SAM) Undervalued After Accounting For Its Future Growth?

The Boston Beer Company, Inc. … View our latest analysis for Boston Beer Company? … Analysts are predicting good growth prospects for Boston Beer Company over the next couple of years

Simply Wall St -

SAM Company Info

Description

The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The company’s flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names. The company markets and sells its products to a network of approximately 375 wholesalers in the United States, as well as international wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other retail outlets. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts.

Details
Name: The Boston Beer Company, Inc.
SAM
Exchange: NYSE
Founded: 1984
$4,677,900,492
11,963,022
Website: http://www.bostonbeer.com
Address: The Boston Beer Company, Inc.
One Design Center Place,
Suite 850,
Boston,
Massachusetts, 02210,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SAM Class A Common Stock New York Stock Exchange US USD 21. Nov 1995
DB BBEA Class A Common Stock Deutsche Boerse AG DE EUR 21. Nov 1995
Number of employees
Current staff
Staff numbers
1,543
Boston Beer Company employees.
Industry
Brewers
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 23:33
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/30
Last annual earnings reported: 2018/12/29


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.