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MONSTER BEVERAGE CORP (MNST) Stock Fundamental Analysis

NASDAQ:MNST - Nasdaq - US61174X1090 - Common Stock - Currency: USD

48.71  -0.65 (-1.32%)

After market: 48.62 -0.09 (-0.18%)

Fundamental Rating

6

Overall MNST gets a fundamental rating of 6 out of 10. We evaluated MNST against 32 industry peers in the Beverages industry. MNST has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. While showing a medium growth rate, MNST is valued expensive at the moment. This makes MNST very considerable for quality investing!


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

MNST had positive earnings in the past year.
MNST had a positive operating cash flow in the past year.
MNST had positive earnings in each of the past 5 years.
Each year in the past 5 years MNST had a positive operating cash flow.
MNST Yearly Net Income VS EBIT VS OCF VS FCFMNST Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

1.2 Ratios

MNST has a Return On Assets of 19.93%. This is amongst the best in the industry. MNST outperforms 96.55% of its industry peers.
MNST's Return On Equity of 27.78% is amongst the best of the industry. MNST outperforms 82.76% of its industry peers.
MNST's Return On Invested Capital of 22.52% is amongst the best of the industry. MNST outperforms 93.10% of its industry peers.
MNST had an Average Return On Invested Capital over the past 3 years of 18.43%. This is significantly above the industry average of 13.25%.
The 3 year average ROIC (18.43%) for MNST is below the current ROIC(22.52%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 19.93%
ROE 27.78%
ROIC 22.52%
ROA(3y)16.29%
ROA(5y)18.62%
ROE(3y)19.25%
ROE(5y)22.33%
ROIC(3y)18.43%
ROIC(5y)20.59%
MNST Yearly ROA, ROE, ROICMNST Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20 25

1.3 Margins

The Profit Margin of MNST (21.66%) is better than 89.66% of its industry peers.
In the last couple of years the Profit Margin of MNST has declined.
With an excellent Operating Margin value of 26.76%, MNST belongs to the best of the industry, outperforming 82.76% of the companies in the same industry.
In the last couple of years the Operating Margin of MNST has declined.
MNST has a better Gross Margin (53.77%) than 65.52% of its industry peers.
MNST's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 26.76%
PM (TTM) 21.66%
GM 53.77%
OM growth 3Y-7.9%
OM growth 5Y-4.11%
PM growth 3Y-9.34%
PM growth 5Y-2.62%
GM growth 3Y-2.71%
GM growth 5Y-2%
MNST Yearly Profit, Operating, Gross MarginsMNST Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60

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9

2. Health

2.1 Basic Checks

MNST has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
MNST has less shares outstanding than it did 1 year ago.
The number of shares outstanding for MNST has been reduced compared to 5 years ago.
The debt/assets ratio for MNST is higher compared to a year ago.
MNST Yearly Shares OutstandingMNST Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B
MNST Yearly Total Debt VS Total AssetsMNST Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

MNST has an Altman-Z score of 16.04. This indicates that MNST is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 16.04, MNST belongs to the top of the industry, outperforming 93.10% of the companies in the same industry.
The Debt to FCF ratio of MNST is 0.46, which is an excellent value as it means it would take MNST, only 0.46 years of fcf income to pay off all of its debts.
MNST has a better Debt to FCF ratio (0.46) than 82.76% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that MNST is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.13, MNST is doing good in the industry, outperforming 79.31% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.46
Altman-Z 16.04
ROIC/WACC2.46
WACC9.16%
MNST Yearly LT Debt VS Equity VS FCFMNST Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.3 Liquidity

MNST has a Current Ratio of 3.13. This indicates that MNST is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.13, MNST belongs to the top of the industry, outperforming 89.66% of the companies in the same industry.
A Quick Ratio of 2.51 indicates that MNST has no problem at all paying its short term obligations.
The Quick ratio of MNST (2.51) is better than 93.10% of its industry peers.
Industry RankSector Rank
Current Ratio 3.13
Quick Ratio 2.51
MNST Yearly Current Assets VS Current LiabilitesMNST Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 9.90% over the past year.
Measured over the past years, MNST shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.82% on average per year.
The Revenue has been growing slightly by 7.05% in the past year.
Measured over the past years, MNST shows a quite strong growth in Revenue. The Revenue has been growing by 13.40% on average per year.
EPS 1Y (TTM)9.9%
EPS 3Y-13.62%
EPS 5Y-2.82%
EPS Q2Q%-2.44%
Revenue 1Y (TTM)7.05%
Revenue growth 3Y15.8%
Revenue growth 5Y13.4%
Sales Q2Q%1.34%

3.2 Future

MNST is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.21% yearly.
The Revenue is expected to grow by 8.37% on average over the next years. This is quite good.
EPS Next Y6.91%
EPS Next 2Y10.27%
EPS Next 3Y10.66%
EPS Next 5Y13.21%
Revenue Next Year4.42%
Revenue Next 2Y5.73%
Revenue Next 3Y6.48%
Revenue Next 5Y8.37%

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.
MNST Yearly Revenue VS EstimatesMNST Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B 8B 10B
MNST Yearly EPS VS EstimatesMNST Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 30.25, MNST can be considered very expensive at the moment.
MNST's Price/Earnings ratio is a bit more expensive when compared to the industry. MNST is more expensive than 62.07% of the companies in the same industry.
MNST is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.51, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 25.68, the valuation of MNST can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MNST is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 93.88, MNST is valued rather cheaply.
Industry RankSector Rank
PE 30.25
Fwd PE 25.68
MNST Price Earnings VS Forward Price EarningsMNST Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

68.97% of the companies in the same industry are cheaper than MNST, based on the Enterprise Value to EBITDA ratio.
MNST's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 29.29
EV/EBITDA 22.86
MNST Per share dataMNST EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MNST does not grow enough to justify the current Price/Earnings ratio.
MNST has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.38
PEG (5Y)N/A
EPS Next 2Y10.27%
EPS Next 3Y10.66%

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0

5. Dividend

5.1 Amount

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

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MONSTER BEVERAGE CORP

NASDAQ:MNST (1/31/2025, 4:34:05 PM)

After market: 48.62 -0.09 (-0.18%)

48.71

-0.65 (-1.32%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)N/A N/A
Inst Owners68.6%
Inst Owner Change-0.17%
Ins Owners0.34%
Ins Owner Change16.71%
Market Cap47.37B
Analysts73.94
Price Target56.58 (16.16%)
Short Float %3.24%
Short Ratio4.16
Dividend
Industry RankSector 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)0
Avg EPS beat(2)-9.86%
Min EPS beat(2)-11.44%
Max EPS beat(2)-8.27%
EPS beat(4)0
Avg EPS beat(4)-6.83%
Min EPS beat(4)-11.44%
Max EPS beat(4)-2.77%
EPS beat(8)2
Avg EPS beat(8)-3.71%
EPS beat(12)2
Avg EPS beat(12)-6.01%
EPS beat(16)3
Avg EPS beat(16)-4.89%
Revenue beat(2)0
Avg Revenue beat(2)-5.45%
Min Revenue beat(2)-7.47%
Max Revenue beat(2)-3.44%
Revenue beat(4)0
Avg Revenue beat(4)-4.08%
Min Revenue beat(4)-7.47%
Max Revenue beat(4)-2.06%
Revenue beat(8)0
Avg Revenue beat(8)-3.82%
Revenue beat(12)3
Avg Revenue beat(12)-1.99%
Revenue beat(16)5
Avg Revenue beat(16)-1.18%
PT rev (1m)0.08%
PT rev (3m)1.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.24%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.56%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.65%
Valuation
Industry RankSector Rank
PE 30.25
Fwd PE 25.68
P/S 6.39
P/FCF 29.29
P/OCF 24.92
P/B 8.2
P/tB 16.23
EV/EBITDA 22.86
EPS(TTM)1.61
EY3.31%
EPS(NY)1.9
Fwd EY3.89%
FCF(TTM)1.66
FCFY3.41%
OCF(TTM)1.95
OCFY4.01%
SpS7.62
BVpS5.94
TBVpS3
PEG (NY)4.38
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 19.93%
ROE 27.78%
ROCE 29.13%
ROIC 22.52%
ROICexc 29.59%
ROICexgc 66.03%
OM 26.76%
PM (TTM) 21.66%
GM 53.77%
FCFM 21.82%
ROA(3y)16.29%
ROA(5y)18.62%
ROE(3y)19.25%
ROE(5y)22.33%
ROIC(3y)18.43%
ROIC(5y)20.59%
ROICexc(3y)30.94%
ROICexc(5y)32.98%
ROICexgc(3y)75.97%
ROICexgc(5y)99.21%
ROCE(3y)23.83%
ROCE(5y)26.62%
ROICexcg growth 3Y-20.62%
ROICexcg growth 5Y-18.04%
ROICexc growth 3Y-7.94%
ROICexc growth 5Y-3.06%
OM growth 3Y-7.9%
OM growth 5Y-4.11%
PM growth 3Y-9.34%
PM growth 5Y-2.62%
GM growth 3Y-2.71%
GM growth 5Y-2%
F-Score7
Asset Turnover0.92
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.46
Debt/EBITDA 0.36
Cap/Depr 362.45%
Cap/Sales 3.83%
Interest Coverage 142.49
Cash Conversion 92.23%
Profit Quality 100.74%
Current Ratio 3.13
Quick Ratio 2.51
Altman-Z 16.04
F-Score7
WACC9.16%
ROIC/WACC2.46
Cap/Depr(3y)239.06%
Cap/Depr(5y)190.79%
Cap/Sales(3y)2.29%
Cap/Sales(5y)2.07%
Profit Quality(3y)77.04%
Profit Quality(5y)83.16%
High Growth Momentum
Growth
EPS 1Y (TTM)9.9%
EPS 3Y-13.62%
EPS 5Y-2.82%
EPS Q2Q%-2.44%
EPS Next Y6.91%
EPS Next 2Y10.27%
EPS Next 3Y10.66%
EPS Next 5Y13.21%
Revenue 1Y (TTM)7.05%
Revenue growth 3Y15.8%
Revenue growth 5Y13.4%
Sales Q2Q%1.34%
Revenue Next Year4.42%
Revenue Next 2Y5.73%
Revenue Next 3Y6.48%
Revenue Next 5Y8.37%
EBIT growth 1Y3.62%
EBIT growth 3Y6.65%
EBIT growth 5Y8.74%
EBIT Next Year7.22%
EBIT Next 3Y9.13%
EBIT Next 5Y11.2%
FCF growth 1Y143.22%
FCF growth 3Y4.39%
FCF growth 5Y6.35%
OCF growth 1Y132.73%
OCF growth 3Y7.98%
OCF growth 5Y8.13%