DUTCH BROS INC-CLASS A (BROS) Fundamental Analysis & Valuation

NYSE:BROS • US26701L1008

Current stock price

51.33 USD
-1.34 (-2.54%)
At close:
51.2214 USD
-0.11 (-0.21%)
After Hours:

This BROS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. BROS Profitability Analysis

1.1 Basic Checks

  • In the past year BROS was profitable.
  • In the past year BROS had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: BROS reported negative net income in multiple years.
  • BROS had a positive operating cash flow in each of the past 5 years.
BROS Yearly Net Income VS EBIT VS OCF VS FCFBROS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M

1.2 Ratios

  • With a Return On Assets value of 2.65%, BROS perfoms like the industry average, outperforming 54.76% of the companies in the same industry.
  • With a decent Return On Equity value of 11.73%, BROS is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • With a Return On Invested Capital value of 5.04%, BROS perfoms like the industry average, outperforming 48.41% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for BROS is significantly below the industry average of 10.61%.
  • The 3 year average ROIC (4.03%) for BROS is below the current ROIC(5.04%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.65%
ROE 11.73%
ROIC 5.04%
ROA(3y)1.39%
ROA(5y)0.29%
ROE(3y)6.25%
ROE(5y)0.32%
ROIC(3y)4.03%
ROIC(5y)N/A
BROS Yearly ROA, ROE, ROICBROS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

1.3 Margins

  • BROS's Profit Margin of 4.87% is in line compared to the rest of the industry. BROS outperforms 57.94% of its industry peers.
  • The Operating Margin of BROS (10.34%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of BROS has grown nicely.
  • BROS's Gross Margin of 29.05% is on the low side compared to the rest of the industry. BROS is outperformed by 77.78% of its industry peers.
  • In the last couple of years the Gross Margin of BROS has declined.
Industry RankSector Rank
OM 10.34%
PM (TTM) 4.87%
GM 29.05%
OM growth 3YN/A
OM growth 5Y25.22%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4%
GM growth 5Y-3.29%
BROS Yearly Profit, Operating, Gross MarginsBROS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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5

2. BROS Health Analysis

2.1 Basic Checks

  • BROS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for BROS has been increased compared to 1 year ago.
  • BROS has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for BROS has been reduced compared to a year ago.
BROS Yearly Shares OutstandingBROS Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
BROS Yearly Total Debt VS Total AssetsBROS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • BROS has an Altman-Z score of 3.06. This indicates that BROS is financially healthy and has little risk of bankruptcy at the moment.
  • BROS has a better Altman-Z score (3.06) than 77.78% of its industry peers.
  • BROS has a debt to FCF ratio of 11.40. This is a negative value and a sign of low solvency as BROS would need 11.40 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 11.40, BROS perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
  • BROS has a Debt/Equity ratio of 0.88. This is a neutral value indicating BROS is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.88, BROS perfoms like the industry average, outperforming 57.94% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 11.4
Altman-Z 3.06
ROIC/WACC0.58
WACC8.71%
BROS Yearly LT Debt VS Equity VS FCFBROS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

2.3 Liquidity

  • BROS has a Current Ratio of 1.49. This is a normal value and indicates that BROS is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.49, BROS is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
  • BROS has a Quick Ratio of 1.28. This is a normal value and indicates that BROS is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Quick ratio value of 1.28, BROS is doing good in the industry, outperforming 65.87% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.49
Quick Ratio 1.28
BROS Yearly Current Assets VS Current LiabilitesBROS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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9

3. BROS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 49.02% over the past year.
  • Measured over the past years, BROS shows a very strong growth in Earnings Per Share. The EPS has been growing by 71.75% on average per year.
  • The Revenue has grown by 27.88% in the past year. This is a very strong growth!
  • The Revenue has been growing by 37.99% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)49.02%
EPS 3Y71.75%
EPS 5YN/A
EPS Q2Q%142.86%
Revenue 1Y (TTM)27.88%
Revenue growth 3Y30.39%
Revenue growth 5Y37.99%
Sales Q2Q%29.41%

3.2 Future

  • Based on estimates for the next years, BROS will show a very strong growth in Earnings Per Share. The EPS will grow by 27.75% on average per year.
  • Based on estimates for the next years, BROS will show a very strong growth in Revenue. The Revenue will grow by 22.38% on average per year.
EPS Next Y21.44%
EPS Next 2Y27.46%
EPS Next 3Y27.9%
EPS Next 5Y27.75%
Revenue Next Year26.21%
Revenue Next 2Y24.61%
Revenue Next 3Y23.62%
Revenue Next 5Y22.38%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
BROS Yearly Revenue VS EstimatesBROS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2B 4B 6B
BROS Yearly EPS VS EstimatesBROS Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1 2 3 4

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1

4. BROS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 67.54, which means the current valuation is very expensive for BROS.
  • 61.90% of the companies in the same industry are cheaper than BROS, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 25.61, BROS is valued quite expensively.
  • Based on the Price/Forward Earnings ratio of 55.61, the valuation of BROS can be described as expensive.
  • 61.90% of the companies in the same industry are cheaper than BROS, based on the Price/Forward Earnings ratio.
  • BROS's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.79.
Industry RankSector Rank
PE 67.54
Fwd PE 55.61
BROS Price Earnings VS Forward Price EarningsBROS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • BROS's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BROS is more expensive than 76.98% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, BROS is valued a bit more expensive than 60.32% of the companies in the same industry.
Industry RankSector Rank
P/FCF 155.22
EV/EBITDA 31.69
BROS Per share dataBROS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BROS does not grow enough to justify the current Price/Earnings ratio.
  • BROS's earnings are expected to grow with 27.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.15
PEG (5Y)N/A
EPS Next 2Y27.46%
EPS Next 3Y27.9%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. BROS Dividend Analysis

5.1 Amount

  • No dividends for BROS!.
Industry RankSector Rank
Dividend Yield 0%

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BROS Fundamentals: All Metrics, Ratios and Statistics

DUTCH BROS INC-CLASS A

NYSE:BROS (3/25/2026, 8:13:21 PM)

After market: 51.2214 -0.11 (-0.21%)

51.33

-1.34 (-2.54%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners93.12%
Inst Owner Change2.94%
Ins Owners0.14%
Ins Owner Change-68.58%
Market Cap8.45B
Revenue(TTM)1.64B
Net Income(TTM)79.84M
Analysts85.19
Price Target77.47 (50.93%)
Short Float %10.34%
Short Ratio2.45
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)38.79%
Min EPS beat(2)7.83%
Max EPS beat(2)69.76%
EPS beat(4)4
Avg EPS beat(4)36.61%
Min EPS beat(4)7.83%
Max EPS beat(4)69.76%
EPS beat(8)8
Avg EPS beat(8)109.39%
EPS beat(12)12
Avg EPS beat(12)106.51%
EPS beat(16)13
Avg EPS beat(16)48.59%
Revenue beat(2)2
Avg Revenue beat(2)1.33%
Min Revenue beat(2)0.27%
Max Revenue beat(2)2.39%
Revenue beat(4)4
Avg Revenue beat(4)1.17%
Min Revenue beat(4)0.27%
Max Revenue beat(4)2.39%
Revenue beat(8)8
Avg Revenue beat(8)2.28%
Revenue beat(12)9
Avg Revenue beat(12)0.54%
Revenue beat(16)12
Avg Revenue beat(16)0.65%
PT rev (1m)0%
PT rev (3m)1.04%
EPS NQ rev (1m)2.23%
EPS NQ rev (3m)-13.43%
EPS NY rev (1m)0.7%
EPS NY rev (3m)0.53%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)0.24%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)0.82%
Valuation
Industry RankSector Rank
PE 67.54
Fwd PE 55.61
P/S 5.16
P/FCF 155.22
P/OCF 28.58
P/B 12.41
P/tB 12.84
EV/EBITDA 31.69
EPS(TTM)0.76
EY1.48%
EPS(NY)0.92
Fwd EY1.8%
FCF(TTM)0.33
FCFY0.64%
OCF(TTM)1.8
OCFY3.5%
SpS9.96
BVpS4.14
TBVpS4
PEG (NY)3.15
PEG (5Y)N/A
Graham Number8.41
Profitability
Industry RankSector Rank
ROA 2.65%
ROE 11.73%
ROCE 6.12%
ROIC 5.04%
ROICexc 5.58%
ROICexgc 5.64%
OM 10.34%
PM (TTM) 4.87%
GM 29.05%
FCFM 3.32%
ROA(3y)1.39%
ROA(5y)0.29%
ROE(3y)6.25%
ROE(5y)0.32%
ROIC(3y)4.03%
ROIC(5y)N/A
ROICexc(3y)4.5%
ROICexc(5y)N/A
ROICexgc(3y)4.56%
ROICexgc(5y)N/A
ROCE(3y)4.89%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-0.88%
ROICexc growth 3YN/A
ROICexc growth 5Y2.45%
OM growth 3YN/A
OM growth 5Y25.22%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4%
GM growth 5Y-3.29%
F-Score6
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 11.4
Debt/EBITDA 2.11
Cap/Depr 209.44%
Cap/Sales 14.72%
Interest Coverage 4.35
Cash Conversion 103.86%
Profit Quality 68.15%
Current Ratio 1.49
Quick Ratio 1.28
Altman-Z 3.06
F-Score6
WACC8.71%
ROIC/WACC0.58
Cap/Depr(3y)259.44%
Cap/Depr(5y)333.59%
Cap/Sales(3y)18.56%
Cap/Sales(5y)20.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)49.02%
EPS 3Y71.75%
EPS 5YN/A
EPS Q2Q%142.86%
EPS Next Y21.44%
EPS Next 2Y27.46%
EPS Next 3Y27.9%
EPS Next 5Y27.75%
Revenue 1Y (TTM)27.88%
Revenue growth 3Y30.39%
Revenue growth 5Y37.99%
Sales Q2Q%29.41%
Revenue Next Year26.21%
Revenue Next 2Y24.61%
Revenue Next 3Y23.62%
Revenue Next 5Y22.38%
EBIT growth 1Y36.62%
EBIT growth 3YN/A
EBIT growth 5Y72.79%
EBIT Next Year127.5%
EBIT Next 3Y53.51%
EBIT Next 5Y40.48%
FCF growth 1Y120.34%
FCF growth 3YN/A
FCF growth 5Y33.21%
OCF growth 1Y19.93%
OCF growth 3Y70.26%
OCF growth 5Y40.73%

DUTCH BROS INC-CLASS A / BROS Fundamental Analysis FAQ

What is the ChartMill fundamental rating of DUTCH BROS INC-CLASS A (BROS) stock?

ChartMill assigns a fundamental rating of 5 / 10 to BROS.


What is the valuation status for BROS stock?

ChartMill assigns a valuation rating of 1 / 10 to DUTCH BROS INC-CLASS A (BROS). This can be considered as Overvalued.


What is the profitability of BROS stock?

DUTCH BROS INC-CLASS A (BROS) has a profitability rating of 4 / 10.


What is the valuation of DUTCH BROS INC-CLASS A based on its PE and PB ratios?

The Price/Earnings (PE) ratio for DUTCH BROS INC-CLASS A (BROS) is 67.54 and the Price/Book (PB) ratio is 12.41.


What is the earnings growth outlook for DUTCH BROS INC-CLASS A?

The Earnings per Share (EPS) of DUTCH BROS INC-CLASS A (BROS) is expected to grow by 21.44% in the next year.