BOSTON BEER COMPANY INC-A (SAM) Stock Fundamental Analysis
USA - NYSE:SAM - US1005571070 - Common Stock
223.24 USD
-0.28 (-0.13%)
223.24 USD
0 (0%)
SAM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 32 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.
1. Profitability
1.1 Basic Checks
In the past year SAM was profitable.
In the past year SAM had a positive cash flow from operations.
Each year in the past 5 years SAM has been profitable.
In the past 5 years SAM always reported a positive cash flow from operatings.
1.2 Ratios
SAM has a better Return On Assets (6.28%) than 62.50% of its industry peers.
The Return On Equity of SAM (8.73%) is comparable to the rest of the industry.
The Return On Invested Capital of SAM (12.54%) is better than 68.75% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SAM is below the industry average of 10.95%.
The 3 year average ROIC (8.12%) for SAM is below the current ROIC(12.54%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.28% | ||
| ROE | 8.73% | ||
| ROIC | 12.54% |
ROA(3y)4.95%
ROA(5y)5.95%
ROE(3y)6.63%
ROE(5y)8.26%
ROIC(3y)8.12%
ROIC(5y)8.73%
1.3 Margins
Looking at the Profit Margin, with a value of 3.88%, SAM is in line with its industry, outperforming 40.63% of the companies in the same industry.
In the last couple of years the Profit Margin of SAM has declined.
The Operating Margin of SAM (8.92%) is worse than 65.63% of its industry peers.
SAM's Operating Margin has declined in the last couple of years.
SAM's Gross Margin of 46.48% is in line compared to the rest of the industry. SAM outperforms 50.00% of its industry peers.
In the last couple of years the Gross Margin of SAM has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.92% | ||
| PM (TTM) | 3.88% | ||
| GM | 46.48% |
OM growth 3Y39.49%
OM growth 5Y-8.36%
PM growth 3Y61.25%
PM growth 5Y-19.42%
GM growth 3Y4.62%
GM growth 5Y-2.01%
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 reduced 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 6.63. This indicates that SAM is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 6.63, SAM belongs to the top of the industry, outperforming 87.50% 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 | 6.63 |
ROIC/WACC1.43
WACC8.77%
2.3 Liquidity
A Current Ratio of 1.76 indicates that SAM should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.76, SAM is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
A Quick Ratio of 1.25 indicates that SAM should not have too much problems paying its short term obligations.
The Quick ratio of SAM (1.25) is better than 78.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.25 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 47.64% over the past year.
The Earnings Per Share has been decreasing by -0.56% on average over the past years.
The Revenue has been growing slightly by 2.46% in the past year.
The Revenue has been growing by 10.00% on average over the past years. This is quite good.
EPS 1Y (TTM)47.64%
EPS 3Y32.41%
EPS 5Y-0.56%
EPS Q2Q%24.15%
Revenue 1Y (TTM)2.46%
Revenue growth 3Y-0.73%
Revenue growth 5Y10%
Sales Q2Q%1.53%
3.2 Future
The Earnings Per Share is expected to grow by 12.87% on average over the next years. This is quite good.
SAM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.48% yearly.
EPS Next Y0.51%
EPS Next 2Y9.32%
EPS Next 3Y11%
EPS Next 5Y12.87%
Revenue Next Year-1.29%
Revenue Next 2Y-0.1%
Revenue Next 3Y0.66%
Revenue Next 5Y1.48%
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 19.79, the valuation of SAM can be described as rather expensive.
SAM's Price/Earnings is on the same level as the industry average.
SAM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.38.
A Price/Forward Earnings ratio of 20.53 indicates a rather expensive valuation of SAM.
SAM's Price/Forward Earnings is on the same level as the industry average.
SAM is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 20.53 |
4.2 Price Multiples
SAM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SAM is cheaper than 87.50% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SAM indicates a rather cheap valuation: SAM is cheaper than 87.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.96 | ||
| EV/EBITDA | 8.07 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SAM does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)38.55
PEG (5Y)N/A
EPS Next 2Y9.32%
EPS Next 3Y11%
5. Dividend
5.1 Amount
SAM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
223.24
-0.28 (-0.13%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners86.25%
Inst Owner Change0.76%
Ins Owners9.77%
Ins Owner Change5.85%
Market Cap2.43B
Analysts66
Price Target244.44 (9.5%)
Short Float %10.55%
Short Ratio3.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)166.39%
Min EPS beat(2)40.74%
Max EPS beat(2)292.05%
EPS beat(4)3
Avg EPS beat(4)77.97%
Min EPS beat(4)-27.29%
Max EPS beat(4)292.05%
EPS beat(8)4
Avg EPS beat(8)1478.24%
EPS beat(12)5
Avg EPS beat(12)955.45%
EPS beat(16)5
Avg EPS beat(16)698.62%
Revenue beat(2)1
Avg Revenue beat(2)1.07%
Min Revenue beat(2)-1.31%
Max Revenue beat(2)3.45%
Revenue beat(4)2
Avg Revenue beat(4)1.06%
Min Revenue beat(4)-1.31%
Max Revenue beat(4)3.45%
Revenue beat(8)4
Avg Revenue beat(8)-0.41%
Revenue beat(12)7
Avg Revenue beat(12)1.03%
Revenue beat(16)9
Avg Revenue beat(16)0.54%
PT rev (1m)0%
PT rev (3m)-7.63%
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)-28.87%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.71%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)-3.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 20.53 | ||
| P/S | 1.19 | ||
| P/FCF | 10.96 | ||
| P/OCF | 8.49 | ||
| P/B | 2.66 | ||
| P/tB | 3.1 | ||
| EV/EBITDA | 8.07 |
EPS(TTM)11.28
EY5.05%
EPS(NY)10.88
Fwd EY4.87%
FCF(TTM)20.37
FCFY9.13%
OCF(TTM)26.28
OCFY11.77%
SpS188.21
BVpS83.78
TBVpS72.01
PEG (NY)38.55
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.28% | ||
| ROE | 8.73% | ||
| ROCE | 18.21% | ||
| ROIC | 12.54% | ||
| ROICexc | 15.91% | ||
| ROICexgc | 18.99% | ||
| OM | 8.92% | ||
| PM (TTM) | 3.88% | ||
| GM | 46.48% | ||
| FCFM | 10.82% |
ROA(3y)4.95%
ROA(5y)5.95%
ROE(3y)6.63%
ROE(5y)8.26%
ROIC(3y)8.12%
ROIC(5y)8.73%
ROICexc(3y)10.19%
ROICexc(5y)10.53%
ROICexgc(3y)12.36%
ROICexgc(5y)13.08%
ROCE(3y)11.79%
ROCE(5y)12.67%
ROICexcg growth 3Y51.57%
ROICexcg growth 5Y-0.97%
ROICexc growth 3Y53.78%
ROICexc growth 5Y1.55%
OM growth 3Y39.49%
OM growth 5Y-8.36%
PM growth 3Y61.25%
PM growth 5Y-19.42%
GM growth 3Y4.62%
GM growth 5Y-2.01%
F-Score7
Asset Turnover1.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 69.8% | ||
| Cap/Sales | 3.14% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 104.11% | ||
| Profit Quality | 278.7% | ||
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.25 | ||
| Altman-Z | 6.63 |
F-Score7
WACC8.77%
ROIC/WACC1.43
Cap/Depr(3y)88.4%
Cap/Depr(5y)136.69%
Cap/Sales(3y)3.77%
Cap/Sales(5y)5.31%
Profit Quality(3y)238.48%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)47.64%
EPS 3Y32.41%
EPS 5Y-0.56%
EPS Q2Q%24.15%
EPS Next Y0.51%
EPS Next 2Y9.32%
EPS Next 3Y11%
EPS Next 5Y12.87%
Revenue 1Y (TTM)2.46%
Revenue growth 3Y-0.73%
Revenue growth 5Y10%
Sales Q2Q%1.53%
Revenue Next Year-1.29%
Revenue Next 2Y-0.1%
Revenue Next 3Y0.66%
Revenue Next 5Y1.48%
EBIT growth 1Y25.8%
EBIT growth 3Y38.47%
EBIT growth 5Y0.81%
EBIT Next Year57.17%
EBIT Next 3Y22.91%
EBIT Next 5Y20.18%
FCF growth 1Y111.49%
FCF growth 3YN/A
FCF growth 5Y15.22%
OCF growth 1Y59.44%
OCF growth 3Y64.13%
OCF growth 5Y6.91%