BOSTON BEER COMPANY INC-A (SAM)

US1005571070 - Common Stock

295.04  -0.52 (-0.18%)

After market: 295.04 0 (0%)

Fundamental Rating

5

SAM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 33 industry peers in the Beverages industry. SAM is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. SAM has a correct valuation and a medium growth rate.



4

1. Profitability

1.1 Basic Checks

In the past year SAM was profitable.
SAM had a positive operating cash flow in the past year.
In the past 5 years SAM has always been profitable.
Each year in the past 5 years SAM had a positive operating cash flow.

1.2 Ratios

SAM has a Return On Assets of 7.06%. This is comparable to the rest of the industry: SAM outperforms 57.58% of its industry peers.
SAM has a Return On Equity of 9.34%. This is comparable to the rest of the industry: SAM outperforms 42.42% of its industry peers.
SAM has a Return On Invested Capital (9.21%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SAM is significantly below the industry average of 12.49%.
The last Return On Invested Capital (9.21%) for SAM is above the 3 year average (6.09%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.06%
ROE 9.34%
ROIC 9.21%
ROA(3y)3.71%
ROA(5y)7.06%
ROE(3y)4.95%
ROE(5y)9.92%
ROIC(3y)6.09%
ROIC(5y)9.33%

1.3 Margins

SAM's Profit Margin of 4.83% is on the low side compared to the rest of the industry. SAM is outperformed by 72.73% of its industry peers.
SAM's Profit Margin has declined in the last couple of years.
SAM's Operating Margin of 7.46% is on the low side compared to the rest of the industry. SAM is outperformed by 75.76% of its industry peers.
SAM's Operating Margin has declined in the last couple of years.
SAM has a Gross Margin (43.61%) which is in line with its industry peers.
In the last couple of years the Gross Margin of SAM has declined.
Industry RankSector Rank
OM 7.46%
PM (TTM) 4.83%
GM 43.61%
OM growth 3Y-25.71%
OM growth 5Y-12.33%
PM growth 3Y-29.83%
PM growth 5Y-16.26%
GM growth 3Y-3.61%
GM growth 5Y-3.78%

8

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SAM is still creating some value.
Compared to 1 year ago, SAM has less shares outstanding
The number of shares outstanding for SAM has been increased compared to 5 years ago.
Compared to 1 year ago, SAM has a worse debt to assets ratio.

2.2 Solvency

SAM has an Altman-Z score of 8.70. This indicates that SAM is financially healthy and has little risk of bankruptcy at the moment.
SAM's Altman-Z score of 8.70 is amongst the best of the industry. SAM outperforms 87.88% of its industry peers.
SAM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 8.7
ROIC/WACC1.04
WACC8.86%

2.3 Liquidity

A Current Ratio of 2.14 indicates that SAM has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.14, SAM is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
SAM has a Quick Ratio of 1.45. This is a normal value and indicates that SAM is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of SAM (1.45) is better than 72.73% of its industry peers.
Industry RankSector Rank
Current Ratio 2.14
Quick Ratio 1.45

5

3. Growth

3.1 Past

SAM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 63.99%, which is quite impressive.
Measured over the past years, SAM shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.99% on average per year.
SAM shows a decrease in Revenue. In the last year, the revenue decreased by -2.20%.
Measured over the past years, SAM shows a quite strong growth in Revenue. The Revenue has been growing by 15.07% on average per year.
EPS 1Y (TTM)63.99%
EPS 3Y-26.52%
EPS 5Y-3.99%
EPS Q2Q%242.47%
Revenue 1Y (TTM)-2.2%
Revenue growth 3Y4.97%
Revenue growth 5Y15.07%
Sales Q2Q%3.92%

3.2 Future

SAM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.93% yearly.
The Revenue is expected to grow by 3.83% on average over the next years.
EPS Next Y69.12%
EPS Next 2Y43.54%
EPS Next 3Y36.34%
EPS Next 5Y26.93%
Revenue Next Year0.93%
Revenue Next 2Y2.2%
Revenue Next 3Y2.98%
Revenue Next 5Y3.83%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 37.02 indicates a quite expensive valuation of SAM.
63.64% of the companies in the same industry are cheaper than SAM, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of SAM to the average of the S&P500 Index (28.57), we can say SAM is valued slightly more expensively.
A Price/Forward Earnings ratio of 23.10 indicates a rather expensive valuation of SAM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SAM is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of SAM to the average of the S&P500 Index (20.18), we can say SAM is valued inline with the index average.
Industry RankSector Rank
PE 37.02
Fwd PE 23.1

4.2 Price Multiples

SAM's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, SAM is valued a bit cheaper than 78.79% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.36
EV/EBITDA 13.83

4.3 Compensation for Growth

SAM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SAM's earnings are expected to grow with 36.34% in the coming years.
PEG (NY)0.54
PEG (5Y)N/A
EPS Next 2Y43.54%
EPS Next 3Y36.34%

0

5. Dividend

5.1 Amount

SAM does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

BOSTON BEER COMPANY INC-A

NYSE:SAM (6/20/2024, 3:15:00 PM)

After market: 295.04 0 (0%)

295.04

-0.52 (-0.18%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.53B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 37.02
Fwd PE 23.1
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.54
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 7.06%
ROE 9.34%
ROCE
ROIC
ROICexc
ROICexgc
OM 7.46%
PM (TTM) 4.83%
GM 43.61%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.46
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 2.14
Quick Ratio 1.45
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)63.99%
EPS 3Y-26.52%
EPS 5Y
EPS Q2Q%
EPS Next Y69.12%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.2%
Revenue growth 3Y4.97%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y