Zevia PBC (NYSE:ZVIA) - Share price, News & Analysis

ZVIA fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

ZVIA Stock Overview

Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated and non-carbonated soft drinks in the United States and Canada.

Rewards

Revenue is forecast to grow 24.41% per year

Revenue grew by 23.1% over the past year

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Volatile share price over the past 3 months

Significant insider selling over the past 3 months

Does not have a meaningful market cap ($91M)

Zevia PBC Competitors

Coca-Cola

NYSE:KO

US$285.9b

PepsiCo

NasdaqGS:PEP

US$242.6b

Keurig Dr Pepper

NasdaqGS:KDP

US$52.5b

Monster Beverage

NasdaqGS:MNST

US$47.2b

Price History & Performance

Summary of all time highs, changes and price drops for Zevia PBC
Historical stock prices
Current Share Price	US$2.24
52 Week High	US$17.50
52 Week Low	US$1.86
Beta	0
1 Month Change	-44.69%
3 Month Change	-76.40%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-83.59%

Recent News & Updates

Apr 27

Zevia: Healthy Beverage Producer With A 25-30% Annual Revenue Growth

Zevia is a fast-growing producer of sugar-free and low-sugar beverages, usually sweetened with stevia. The company is still loss-making and cash flow negative, but if it meets its growth guidance for 2022, I think it will get close to its break-even point. The total value of Zevia LLC is now less than $250M, and almost 1/3rd of that valuation consists of cash on the bank. This suddenly also makes Zevia an interesting acquisition target for another player in the drinks industry.

Shareholder Returns

	ZVIA	US Beverage	US Market
7D	-17.6%	2.4%	2.7%
1Y	n/a	12.3%	-8.1%

Return vs Industry: Insufficient data to determine how ZVIA performed against the US Beverage industry.

Return vs Market: Insufficient data to determine how ZVIA performed against the US Market.

Price Volatility

Is ZVIA's price volatile compared to industry and market?
ZVIA volatility
ZVIA Average Weekly Movement	13.0%
Beverage Industry Average Movement	8.3%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	2.9%

Stable Share Price: ZVIA is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: ZVIA's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
2007	123	Paddy Spence	https://www.zevia.com

Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated and non-carbonated soft drinks in the United States and Canada. It offers soda, energy drinks, organic tea, mixers, kidz beverages, and sparkling water. The company offers its products through various retail channels, including grocery distributors, national retailers, warehouse club, and natural products retailers, as well as e-commerce channels.

Zevia PBC Fundamentals Summary

How do Zevia PBC's earnings and revenue compare to its market cap?
ZVIA fundamental statistics
Market Cap	US$91.03m
Earnings (TTM)	-US$56.88m
Revenue (TTM)	US$145.51m

0.6x

P/S Ratio

-1.5x

P/E Ratio

Is ZVIA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ZVIA income statement (TTM)
Revenue	US$145.51m
Cost of Revenue	US$83.87m
Gross Profit	US$61.65m
Other Expenses	US$118.53m
Earnings	-US$56.88m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-1.46
Gross Margin	42.37%
Net Profit Margin	-39.09%
Debt/Equity Ratio	0%

How did ZVIA perform over the long term?

See historical performance and comparison

Valuation

Is Zevia PBC undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

0.71x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ZVIA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ZVIA's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: ZVIA is unprofitable, so we can't compare its PE Ratio to the US Beverage industry average.

PE vs Market: ZVIA is unprofitable, so we can't compare its PE Ratio to the US market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ZVIA's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ZVIA is good value based on its PB Ratio (0.7x) compared to the US Beverage industry average (3.6x).

Future Growth

How is Zevia PBC forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

17.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZVIA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ZVIA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ZVIA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ZVIA's revenue (24.4% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: ZVIA's revenue (24.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ZVIA is forecast to be unprofitable in 3 years.

Past Performance

How has Zevia PBC performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-15,030.2%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: ZVIA is currently unprofitable.

Growing Profit Margin: ZVIA is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ZVIA's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare ZVIA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ZVIA is unprofitable, making it difficult to compare its past year earnings growth to the Beverage industry (17.1%).

Return on Equity

High ROE: ZVIA has a negative Return on Equity (-112.29%), as it is currently unprofitable.

Financial Health

How is Zevia PBC's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ZVIA's short term assets ($107.1M) exceed its short term liabilities ($22.1M).

Long Term Liabilities: ZVIA's short term assets ($107.1M) exceed its long term liabilities ($484.0K).

Debt to Equity History and Analysis

Debt Level: ZVIA is debt free.

Reducing Debt: ZVIA has not had any debt for past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ZVIA has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ZVIA has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of 48.1% each year.

Dividend

What is Zevia PBC current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ZVIA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ZVIA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ZVIA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ZVIA's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ZVIA has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Food, Beverage & Tobacco industry.

Management

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

3.1yrs

Average management tenure

CEO

Paddy Spence (53 yo)

1.17yrs

Tenure

US$2,932,379

Compensation

Mr. Padraic L. Spence also known as Paddy, serves as Chair and Chief Executive Officer at Zevia PBC since March 2021. Mr. Spence serves as the Chairman of the Board at Zevia LLC and served as its Chief Exe...

CEO Compensation Analysis

Compensation vs Market: Paddy's total compensation ($USD2.93M) is above average for companies of similar size in the US market ($USD772.03K).

Compensation vs Earnings: Paddy's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: ZVIA's management team is considered experienced (3.1 years average tenure).

Board Members

Experienced Board: ZVIA's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.

Data	Last Updated (UTC time)
Company Analysis	2022/05/17 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31