BOSTON BEER COMPANY INC-A (SAM)
US1005571070 - Common Stock
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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SAM was profitable.
SAM had a positive operating cash flow in the past year.
SAM had positive earnings in each of the past 5 years.
In the past 5 years SAM always reported a positive cash flow from operatings.
1.2 Ratios
SAM has a Return On Assets (7.06%) which is comparable to the rest of the industry.
The Return On Equity of SAM (9.34%) is comparable to the rest of the industry.
SAM has a Return On Invested Capital of 9.21%. This is comparable to the rest of the industry: SAM outperforms 54.55% of its industry peers.
SAM had an Average Return On Invested Capital over the past 3 years of 6.09%. This is significantly below the industry average of 12.48%.
The 3 year average ROIC (6.09%) for SAM is below the current ROIC(9.21%), indicating increased profibility in the last year.
| Industry Rank | Sector 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
Looking at the Profit Margin, with a value of 4.83%, SAM is doing worse than 66.67% of the companies in the same industry.
In the last couple of years the Profit Margin of SAM has declined.
SAM has a worse Operating Margin (7.46%) than 75.76% of its industry peers.
SAM's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 43.61%, SAM perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
SAM's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
SAM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for SAM has been reduced compared to 1 year ago.
SAM has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SAM has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 8.45 indicates that SAM is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 8.45, SAM belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
There is no outstanding debt for SAM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.45 |
ROIC/WACC1.01
WACC9.12%
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.
SAM has a better Quick ratio (1.45) than 75.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.14 | ||
| Quick Ratio | 1.45 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 63.99% over the past year.
The Earnings Per Share has been decreasing by -3.99% on average over the past years.
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 growth Q2Q242.47%
Revenue 1Y (TTM)-2.2%
Revenue growth 3Y4.97%
Revenue growth 5Y15.07%
Revenue growth Q2Q3.92%
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.
Based on estimates for the next years, SAM will show a small growth in Revenue. The Revenue will grow by 3.83% on average per year.
EPS Next Y63.92%
EPS Next 2Y42.94%
EPS Next 3Y35.02%
EPS Next 5Y26.93%
Revenue Next Year0.98%
Revenue Next 2Y2.24%
Revenue Next 3Y2.8%
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. Valuation
4.1 Price/Earnings Ratio
SAM is valuated quite expensively with a Price/Earnings ratio of 35.73.
Compared to the rest of the industry, the Price/Earnings ratio of SAM indicates a slightly more expensive valuation: SAM is more expensive than 63.64% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.56. SAM is valued slightly more expensive when compared to this.
SAM is valuated rather expensively with a Price/Forward Earnings ratio of 22.48.
SAM's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.34. SAM is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.73 | ||
| Fwd PE | 22.48 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SAM.
Based on the Price/Free Cash Flow ratio, SAM is valued cheaper than 87.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.79 | ||
| EV/EBITDA | 13.24 |
4.3 Compensation for Growth
The 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 35.02% in the coming years.
PEG (NY)0.56
PEG (5Y)N/A
EPS Next 2Y42.94%
EPS Next 3Y35.02%
5. Dividend
5.1 Amount
SAM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BOSTON BEER COMPANY INC-A
NYSE:SAM (5/14/2024, 7:04:00 PM)
After market: 284.78 0 (0%)284.78
+0.96 (+0.34%)
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 Cap3.40B
Analysts
Price Target
Dividend
| Industry Rank | Sector 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)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Revenue beat(4)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.73 | ||
| Fwd PE | 22.48 | ||
| 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)0.56
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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)
Growth
EPS 1Y (TTM)63.99%
EPS 3Y-26.52%
EPS 5Y
EPS growth Q2Q
EPS Next Y63.92%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.2%
Revenue growth 3Y4.97%
Revenue growth 5Y
Revenue growth 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