NATIONAL BEVERAGE CORP (FIZZ) Stock Fundamental Analysis
NASDAQ:FIZZ - Nasdaq - US6350171061 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to FIZZ. FIZZ was compared to 31 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 is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FIZZ had positive earnings in the past year.
FIZZ had a positive operating cash flow in the past year.
Each year in the past 5 years FIZZ has been profitable.
FIZZ had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 35.19%, FIZZ belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
With an excellent Return On Equity value of 59.98%, FIZZ belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 45.91%, FIZZ belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
FIZZ had an Average Return On Invested Capital over the past 3 years of 36.35%. This is significantly above the industry average of 13.34%.
The last Return On Invested Capital (45.91%) for FIZZ is above the 3 year average (36.35%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 35.19% | ||
| ROE | 59.98% | ||
| ROIC | 45.91% |
ROA(3y)27.2%
ROA(5y)26.58%
ROE(3y)45.32%
ROE(5y)42.72%
ROIC(3y)36.35%
ROIC(5y)35.33%
1.3 Margins
FIZZ has a better Profit Margin (15.36%) than 78.57% of its industry peers.
FIZZ's Profit Margin has been stable in the last couple of years.
FIZZ has a Operating Margin of 18.79%. This is in the better half of the industry: FIZZ outperforms 64.29% of its industry peers.
In the last couple of years the Operating Margin of FIZZ has remained more or less at the same level.
FIZZ's Gross Margin of 36.46% is on the low side compared to the rest of the industry. FIZZ is outperformed by 85.71% 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 | 18.79% | ||
| PM (TTM) | 15.36% | ||
| GM | 36.46% |
OM growth 3Y-4.79%
OM growth 5Y0.66%
PM growth 3Y-2.98%
PM growth 5Y1.31%
GM growth 3Y-2.94%
GM growth 5Y-1.05%
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 15.02. This indicates that FIZZ is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 15.02, FIZZ belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
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 | 15.02 |
ROIC/WACC5.07
WACC9.06%
2.3 Liquidity
FIZZ has a Current Ratio of 1.99. This is a normal value and indicates that FIZZ is financially healthy and should not expect problems in meeting its short term obligations.
FIZZ has a Current ratio (1.99) which is in line with its industry peers.
A Quick Ratio of 1.37 indicates that FIZZ should not have too much problems paying its short term obligations.
FIZZ has a better Quick ratio (1.37) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.37 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.07% over the past year.
The Earnings Per Share has been growing slightly by 4.66% on average over the past years.
The Revenue has been growing slightly by 1.60% in the past year.
Measured over the past years, FIZZ shows a small growth in Revenue. The Revenue has been growing by 3.28% on average per year.
EPS 1Y (TTM)13.07%
EPS 3Y0.57%
EPS 5Y4.66%
EPS Q2Q%4.26%
Revenue 1Y (TTM)1.6%
Revenue growth 3Y3.58%
Revenue growth 5Y3.28%
Sales Q2Q%-2.96%
3.2 Future
The Earnings Per Share is expected to grow by 6.53% on average over the next years.
FIZZ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.08% yearly.
EPS Next Y9.02%
EPS Next 2Y6.71%
EPS Next 3Y6.53%
EPS Next 5YN/A
Revenue Next Year1.9%
Revenue Next 2Y2.13%
Revenue Next 3Y2.08%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 20.44, the valuation of FIZZ can be described as rather expensive.
The rest of the industry has a similar Price/Earnings ratio as FIZZ.
When comparing the Price/Earnings ratio of FIZZ to the average of the S&P500 Index (29.63), we can say FIZZ is valued slightly cheaper.
A Price/Forward Earnings ratio of 18.90 indicates a rather expensive valuation of FIZZ.
The rest of the industry has a similar Price/Forward Earnings ratio as FIZZ.
FIZZ is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.44 | ||
| Fwd PE | 18.9 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FIZZ is valued a bit more expensive than 60.71% of the companies in the same industry.
FIZZ's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FIZZ is cheaper than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.29 | ||
| EV/EBITDA | 14.64 |
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)2.27
PEG (5Y)4.39
EPS Next 2Y6.71%
EPS Next 3Y6.53%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.99%, FIZZ is a good candidate for dividend investing.
FIZZ's Dividend Yield is rather good when compared to the industry average which is at 3.25. FIZZ pays more dividend than 100.00% of the companies in the same industry.
FIZZ's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.99% |
5.2 History
FIZZ has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
FIZZ pays out 165.40% of its income as dividend. This is not a sustainable payout ratio.
DP165.4%
EPS Next 2Y6.71%
EPS Next 3Y6.53%
40.68
+1.46 (+3.72%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners24.69%
Inst Owner Change0.37%
Ins Owners3.56%
Ins Owner Change-0.02%
Market Cap3.81B
Analysts42.86
Price Target46.92 (15.34%)
Short Float %9.56%
Short Ratio13.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.99% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP165.4%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.14%
Min EPS beat(2)-1.96%
Max EPS beat(2)-0.33%
EPS beat(4)1
Avg EPS beat(4)-0.95%
Min EPS beat(4)-1.96%
Max EPS beat(4)0.43%
EPS beat(8)3
Avg EPS beat(8)2.42%
EPS beat(12)3
Avg EPS beat(12)-4.37%
EPS beat(16)6
Avg EPS beat(16)-2.08%
Revenue beat(2)1
Avg Revenue beat(2)-1.08%
Min Revenue beat(2)-2.33%
Max Revenue beat(2)0.16%
Revenue beat(4)1
Avg Revenue beat(4)-2.31%
Min Revenue beat(4)-3.74%
Max Revenue beat(4)0.16%
Revenue beat(8)1
Avg Revenue beat(8)-1.98%
Revenue beat(12)2
Avg Revenue beat(12)-2.17%
Revenue beat(16)3
Avg Revenue beat(16)-1.94%
PT rev (1m)0%
PT rev (3m)2.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.44 | ||
| Fwd PE | 18.9 | ||
| P/S | 3.18 | ||
| P/FCF | 24.29 | ||
| P/OCF | 20.55 | ||
| P/B | 12.42 | ||
| P/tB | 13.05 | ||
| EV/EBITDA | 14.64 |
EPS(TTM)1.99
EY4.89%
EPS(NY)2.15
Fwd EY5.29%
FCF(TTM)1.68
FCFY4.12%
OCF(TTM)1.98
OCFY4.87%
SpS12.79
BVpS3.28
TBVpS3.12
PEG (NY)2.27
PEG (5Y)4.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 35.19% | ||
| ROE | 59.98% | ||
| ROCE | 59.96% | ||
| ROIC | 45.91% | ||
| ROICexc | 57.78% | ||
| ROICexgc | 60.79% | ||
| OM | 18.79% | ||
| PM (TTM) | 15.36% | ||
| GM | 36.46% | ||
| FCFM | 13.1% |
ROA(3y)27.2%
ROA(5y)26.58%
ROE(3y)45.32%
ROE(5y)42.72%
ROIC(3y)36.35%
ROIC(5y)35.33%
ROICexc(3y)55.13%
ROICexc(5y)61.73%
ROICexgc(3y)58.16%
ROICexgc(5y)65.71%
ROCE(3y)47.48%
ROCE(5y)46.14%
ROICexcg growth 3Y-12.66%
ROICexcg growth 5Y-5.07%
ROICexc growth 3Y-12.06%
ROICexc growth 5Y-4.56%
OM growth 3Y-4.79%
OM growth 5Y0.66%
PM growth 3Y-2.98%
PM growth 5Y1.31%
GM growth 3Y-2.94%
GM growth 5Y-1.05%
F-Score7
Asset Turnover2.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 138.68% | ||
| Cap/Sales | 2.38% | ||
| Interest Coverage | 1470.07 | ||
| Cash Conversion | 75.49% | ||
| Profit Quality | 85.27% | ||
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.37 | ||
| Altman-Z | 15.02 |
F-Score7
WACC9.06%
ROIC/WACC5.07
Cap/Depr(3y)139.02%
Cap/Depr(5y)139.16%
Cap/Sales(3y)2.32%
Cap/Sales(5y)2.34%
Profit Quality(3y)86.25%
Profit Quality(5y)94.77%
High Growth Momentum
Growth
EPS 1Y (TTM)13.07%
EPS 3Y0.57%
EPS 5Y4.66%
EPS Q2Q%4.26%
EPS Next Y9.02%
EPS Next 2Y6.71%
EPS Next 3Y6.53%
EPS Next 5YN/A
Revenue 1Y (TTM)1.6%
Revenue growth 3Y3.58%
Revenue growth 5Y3.28%
Sales Q2Q%-2.96%
Revenue Next Year1.9%
Revenue Next 2Y2.13%
Revenue Next 3Y2.08%
Revenue Next 5YN/A
EBIT growth 1Y10.69%
EBIT growth 3Y-1.38%
EBIT growth 5Y3.97%
EBIT Next Year17.28%
EBIT Next 3Y7.53%
EBIT Next 5YN/A
FCF growth 1Y73.84%
FCF growth 3Y-0.18%
FCF growth 5Y10.64%
OCF growth 1Y58.38%
OCF growth 3Y0.7%
OCF growth 5Y7.26%