NATIONAL BEVERAGE CORP (FIZZ) Stock Fundamental Analysis
NASDAQ:FIZZ - Nasdaq - US6350171061 - Common Stock - Currency: USD
FIZZ gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 33 industry peers in the Beverages industry. Both the health and profitability get an excellent rating, making FIZZ a very profitable company, without any liquidiy or solvency issues. FIZZ has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year FIZZ was profitable.
FIZZ had a positive operating cash flow in the past year.
Each year in the past 5 years FIZZ has been profitable.
Each year in the past 5 years FIZZ had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 27.77%, FIZZ belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
FIZZ has a better Return On Equity (42.08%) than 96.97% of its industry peers.
FIZZ has a better Return On Invested Capital (33.90%) than 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FIZZ is significantly above the industry average of 11.01%.
The last Return On Invested Capital (33.90%) for FIZZ is above the 3 year average (31.22%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 27.77% | ||
| ROE | 42.08% | ||
| ROIC | 33.9% |
ROA(3y)25.16%
ROA(5y)28.12%
ROE(3y)37.28%
ROE(5y)45.39%
ROIC(3y)31.22%
ROIC(5y)37.13%
1.3 Margins
With an excellent Profit Margin value of 15.55%, FIZZ belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
FIZZ's Profit Margin has improved in the last couple of years.
FIZZ has a Operating Margin of 19.60%. This is in the better half of the industry: FIZZ outperforms 72.73% of its industry peers.
FIZZ's Operating Margin has improved in the last couple of years.
FIZZ has a worse Gross Margin (36.95%) than 78.79% of its industry peers.
In the last couple of years the Gross Margin of FIZZ has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.6% | ||
| PM (TTM) | 15.55% | ||
| GM | 36.95% |
OM growth 3Y2.37%
OM growth 5Y3.42%
PM growth 3Y3.74%
PM growth 5Y3.66%
GM growth 3Y0.22%
GM growth 5Y-0.02%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so FIZZ is creating value.
The number of shares outstanding for FIZZ remains at a similar level compared to 1 year ago.
FIZZ has more shares outstanding than it did 5 years ago.
FIZZ has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
FIZZ has an Altman-Z score of 15.28. This indicates that FIZZ is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of FIZZ (15.28) is better than 96.97% of its industry peers.
FIZZ has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 15.28 |
ROIC/WACC3.78
WACC8.97%
2.3 Liquidity
A Current Ratio of 2.90 indicates that FIZZ has no problem at all paying its short term obligations.
The Current ratio of FIZZ (2.90) is better than 78.79% of its industry peers.
FIZZ has a Quick Ratio of 2.29. This indicates that FIZZ is financially healthy and has no problem in meeting its short term obligations.
FIZZ's Quick ratio of 2.29 is amongst the best of the industry. FIZZ outperforms 93.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.9 | ||
| Quick Ratio | 2.29 |
3. Growth
3.1 Past
FIZZ shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.82%.
The Earnings Per Share has been growing slightly by 7.47% on average over the past years.
The Revenue has been growing slightly by 0.81% in the past year.
The Revenue has been growing slightly by 3.73% on average over the past years.
EPS 1Y (TTM)5.82%
EPS 3Y5.57%
EPS 5Y7.47%
EPS Q2Q%2.13%
Revenue 1Y (TTM)0.81%
Revenue growth 3Y1.82%
Revenue growth 5Y3.73%
Sales Q2Q%5.49%
3.2 Future
FIZZ is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.09% yearly.
FIZZ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.37% yearly.
EPS Next Y4.04%
EPS Next 2Y4.23%
EPS Next 3Y5.09%
EPS Next 5YN/A
Revenue Next Year4.12%
Revenue Next 2Y3.56%
Revenue Next 3Y3.37%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 22.20, which indicates a rather expensive current valuation of FIZZ.
The rest of the industry has a similar Price/Earnings ratio as FIZZ.
FIZZ's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.84.
Based on the Price/Forward Earnings ratio of 21.34, the valuation of FIZZ can be described as rather expensive.
FIZZ's Price/Forward Earnings ratio is in line with the industry average.
FIZZ's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 35.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.21 | ||
| Fwd PE | 21.34 |
4.2 Price Multiples
FIZZ's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FIZZ indicates a somewhat cheap valuation: FIZZ is cheaper than 69.70% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.4 | ||
| EV/EBITDA | 15.6 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FIZZ does not grow enough to justify the current Price/Earnings ratio.
FIZZ has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)5.5
PEG (5Y)2.97
EPS Next 2Y4.23%
EPS Next 3Y5.09%
5. Dividend
5.1 Amount
No dividends for FIZZ!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
44.41
-0.37 (-0.83%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners25.42%
Inst Owner Change-0.2%
Ins Owners3.55%
Ins Owner Change0%
Market Cap4.16B
Analysts42.86
Price Target45.9 (3.36%)
Short Float %14.21%
Short Ratio19.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend3.25
Dividend Growth(5Y)N/A
DP162.8%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.19%
Min EPS beat(2)-6.42%
Max EPS beat(2)-1.96%
EPS beat(4)0
Avg EPS beat(4)-3.63%
Min EPS beat(4)-6.42%
Max EPS beat(4)-0.33%
EPS beat(8)1
Avg EPS beat(8)-2.5%
EPS beat(12)3
Avg EPS beat(12)-2.21%
EPS beat(16)4
Avg EPS beat(16)-3.49%
Revenue beat(2)1
Avg Revenue beat(2)-2.24%
Min Revenue beat(2)-5.88%
Max Revenue beat(2)1.39%
Revenue beat(4)1
Avg Revenue beat(4)-3.68%
Min Revenue beat(4)-7.9%
Max Revenue beat(4)1.39%
Revenue beat(8)2
Avg Revenue beat(8)-3.07%
Revenue beat(12)2
Avg Revenue beat(12)-2.74%
Revenue beat(16)4
Avg Revenue beat(16)-2.27%
PT rev (1m)7.14%
PT rev (3m)7.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.64%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.21 | ||
| Fwd PE | 21.34 | ||
| P/S | 3.46 | ||
| P/FCF | 24.4 | ||
| P/OCF | 20.11 | ||
| P/B | 9.36 | ||
| P/tB | 9.69 | ||
| EV/EBITDA | 15.6 |
EPS(TTM)2
EY4.5%
EPS(NY)2.08
Fwd EY4.69%
FCF(TTM)1.82
FCFY4.1%
OCF(TTM)2.21
OCFY4.97%
SpS12.83
BVpS4.74
TBVpS4.58
PEG (NY)5.5
PEG (5Y)2.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 27.77% | ||
| ROE | 42.08% | ||
| ROCE | 44.23% | ||
| ROIC | 33.9% | ||
| ROICexc | 53.31% | ||
| ROICexgc | 55.74% | ||
| OM | 19.6% | ||
| PM (TTM) | 15.55% | ||
| GM | 36.95% | ||
| FCFM | 14.19% |
ROA(3y)25.16%
ROA(5y)28.12%
ROE(3y)37.28%
ROE(5y)45.39%
ROIC(3y)31.22%
ROIC(5y)37.13%
ROICexc(3y)53.6%
ROICexc(5y)59.91%
ROICexgc(3y)56.34%
ROICexgc(5y)63.39%
ROCE(3y)40.74%
ROCE(5y)48.45%
ROICexcg growth 3Y-3.15%
ROICexcg growth 5Y-3.8%
ROICexc growth 3Y-2.81%
ROICexc growth 5Y-3.21%
OM growth 3Y2.37%
OM growth 5Y3.42%
PM growth 3Y3.74%
PM growth 5Y3.66%
GM growth 3Y0.22%
GM growth 5Y-0.02%
F-Score7
Asset Turnover1.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 174.42% | ||
| Cap/Sales | 3.02% | ||
| Interest Coverage | 2029.82 | ||
| Cash Conversion | 80.66% | ||
| Profit Quality | 91.22% | ||
| Current Ratio | 2.9 | ||
| Quick Ratio | 2.29 | ||
| Altman-Z | 15.28 |
F-Score7
WACC8.97%
ROIC/WACC3.78
Cap/Depr(3y)144.9%
Cap/Depr(5y)146.25%
Cap/Sales(3y)2.48%
Cap/Sales(5y)2.47%
Profit Quality(3y)94.77%
Profit Quality(5y)89.35%
High Growth Momentum
Growth
EPS 1Y (TTM)5.82%
EPS 3Y5.57%
EPS 5Y7.47%
EPS Q2Q%2.13%
EPS Next Y4.04%
EPS Next 2Y4.23%
EPS Next 3Y5.09%
EPS Next 5YN/A
Revenue 1Y (TTM)0.81%
Revenue growth 3Y1.82%
Revenue growth 5Y3.73%
Sales Q2Q%5.49%
Revenue Next Year4.12%
Revenue Next 2Y3.56%
Revenue Next 3Y3.37%
Revenue Next 5YN/A
EBIT growth 1Y7.76%
EBIT growth 3Y4.24%
EBIT growth 5Y7.28%
EBIT Next Year11.73%
EBIT Next 3Y6.04%
EBIT Next 5YN/A
FCF growth 1Y1.68%
FCF growth 3Y17.86%
FCF growth 5Y2.07%
OCF growth 1Y4.44%
OCF growth 3Y15.8%
OCF growth 5Y3.07%