BOSTON BEER COMPANY INC-A (SAM) Stock Fundamental Analysis
NYSE:SAM - New York Stock Exchange, Inc. - US1005571070 - Common Stock
Taking everything into account, SAM scores 5 out of 10 in our fundamental rating. SAM was compared to 31 industry peers in the Beverages industry. No worries on liquidiy or solvency for SAM as it has an excellent financial health rating, but there are worries on the profitability. SAM is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
SAM had positive earnings in the past year.
SAM had a positive operating cash flow in the past year.
Each year in the past 5 years SAM has been profitable.
SAM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SAM has a Return On Assets (5.81%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 7.92%, SAM is doing worse than 64.29% of the companies in the same industry.
SAM's Return On Invested Capital of 9.85% is in line compared to the rest of the industry. SAM outperforms 53.57% 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 13.61%.
The 3 year average ROIC (6.09%) for SAM is below the current ROIC(9.85%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.81% | ||
| ROE | 7.92% | ||
| ROIC | 9.85% |
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
SAM's Profit Margin of 4.01% is on the low side compared to the rest of the industry. SAM is outperformed by 67.86% of its industry peers.
SAM's Profit Margin has declined in the last couple of years.
SAM has a worse Operating Margin (7.68%) than 67.86% of its industry peers.
In the last couple of years the Operating Margin of SAM has declined.
SAM has a worse Gross Margin (43.95%) than 60.71% of its industry peers.
In the last couple of years the Gross Margin of SAM has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.68% | ||
| PM (TTM) | 4.01% | ||
| GM | 43.95% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SAM is creating some value.
SAM has less shares outstanding than it did 1 year ago.
The number of shares outstanding for SAM has been increased compared to 5 years ago.
The debt/assets ratio for SAM is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 7.13 indicates that SAM is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 7.13, SAM belongs to the best of the industry, outperforming 82.14% 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 | 7.13 |
ROIC/WACC1.06
WACC9.25%
2.3 Liquidity
SAM has a Current Ratio of 2.03. This indicates that SAM is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of SAM (2.03) is better than 60.71% of its industry peers.
SAM has a Quick Ratio of 1.42. This is a normal value and indicates that SAM is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of SAM (1.42) is better than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.42 |
3. Growth
3.1 Past
SAM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.43%, which is quite impressive.
Measured over the past years, SAM shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.99% on average per year.
Looking at the last year, SAM shows a decrease in Revenue. The Revenue has decreased by -2.81% in the last year.
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)37.43%
EPS 3Y-26.52%
EPS 5Y-3.99%
EPS Q2Q%44.59%
Revenue 1Y (TTM)-2.81%
Revenue growth 3Y4.97%
Revenue growth 5Y15.07%
Sales Q2Q%0.64%
3.2 Future
The Earnings Per Share is expected to grow by 26.10% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 2.64% on average over the next years.
EPS Next Y48.31%
EPS Next 2Y38.98%
EPS Next 3Y32.82%
EPS Next 5Y26.1%
Revenue Next Year-1.27%
Revenue Next 2Y0.56%
Revenue Next 3Y1.59%
Revenue Next 5Y2.64%
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
A Price/Earnings ratio of 27.17 indicates a quite expensive valuation of SAM.
SAM's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of SAM to the average of the S&P500 Index (27.94), we can say SAM is valued inline with the index average.
SAM is valuated rather expensively with a Price/Forward Earnings ratio of 21.08.
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 24.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.17 | ||
| Fwd PE | 21.08 |
4.2 Price Multiples
75.00% of the companies in the same industry are more expensive than SAM, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SAM indicates a rather cheap valuation: SAM is cheaper than 89.29% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.88 | ||
| EV/EBITDA | 10.73 |
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.
SAM's earnings are expected to grow with 32.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.56
PEG (5Y)N/A
EPS Next 2Y38.98%
EPS Next 3Y32.82%
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 (1/17/2025, 8:25:59 PM)
After market: 252.43 0 (0%)252.43
-0.31 (-0.12%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners74.89%
Inst Owner Change-0.45%
Ins Owners7.28%
Ins Owner Change0.45%
Market Cap2.90B
Analysts54.78
Price Target317.78 (25.89%)
Short Float %3.82%
Short Ratio2.78
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)1
Avg EPS beat(2)-3.48%
Min EPS beat(2)-13.33%
Max EPS beat(2)6.37%
EPS beat(4)2
Avg EPS beat(4)2882.67%
Min EPS beat(4)-480.23%
Max EPS beat(4)12017.9%
EPS beat(8)3
Avg EPS beat(8)1398.56%
EPS beat(12)3
Avg EPS beat(12)918.21%
EPS beat(16)4
Avg EPS beat(16)683.88%
Revenue beat(2)0
Avg Revenue beat(2)-2.14%
Min Revenue beat(2)-4.01%
Max Revenue beat(2)-0.26%
Revenue beat(4)1
Avg Revenue beat(4)-1.99%
Min Revenue beat(4)-5.79%
Max Revenue beat(4)2.09%
Revenue beat(8)4
Avg Revenue beat(8)0.49%
Revenue beat(12)6
Avg Revenue beat(12)-0.04%
Revenue beat(16)9
Avg Revenue beat(16)0.54%
PT rev (1m)2.59%
PT rev (3m)1.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-58.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.19%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-0.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.17 | ||
| Fwd PE | 21.08 | ||
| P/S | 1.45 | ||
| P/FCF | 16.88 | ||
| P/OCF | 12.09 | ||
| P/B | 2.86 | ||
| P/tB | 3.28 | ||
| EV/EBITDA | 10.73 |
EPS(TTM)9.29
EY3.68%
EPS(NY)11.98
Fwd EY4.74%
FCF(TTM)14.96
FCFY5.92%
OCF(TTM)20.88
OCFY8.27%
SpS174.59
BVpS88.34
TBVpS77.07
PEG (NY)0.56
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.81% | ||
| ROE | 7.92% | ||
| ROCE | 13.76% | ||
| ROIC | 9.85% | ||
| ROICexc | 12.77% | ||
| ROICexgc | 15.02% | ||
| OM | 7.68% | ||
| PM (TTM) | 4.01% | ||
| GM | 43.95% | ||
| FCFM | 8.57% |
ROA(3y)3.71%
ROA(5y)7.06%
ROE(3y)4.95%
ROE(5y)9.92%
ROIC(3y)6.09%
ROIC(5y)9.33%
ROICexc(3y)7.34%
ROICexc(5y)10.74%
ROICexgc(3y)9.03%
ROICexgc(5y)13.76%
ROCE(3y)8.5%
ROCE(5y)13.03%
ROICexcg growth 3Y-21.89%
ROICexcg growth 5Y-10.38%
ROICexc growth 3Y-20.67%
ROICexc growth 5Y-13.91%
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%
F-Score8
Asset Turnover1.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 73.62% | ||
| Cap/Sales | 3.4% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 97.32% | ||
| Profit Quality | 213.73% | ||
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.42 | ||
| Altman-Z | 7.13 |
F-Score8
WACC9.25%
ROIC/WACC1.06
Cap/Depr(3y)129.74%
Cap/Depr(5y)153.57%
Cap/Sales(3y)4.9%
Cap/Sales(5y)6.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)37.43%
EPS 3Y-26.52%
EPS 5Y-3.99%
EPS Q2Q%44.59%
EPS Next Y48.31%
EPS Next 2Y38.98%
EPS Next 3Y32.82%
EPS Next 5Y26.1%
Revenue 1Y (TTM)-2.81%
Revenue growth 3Y4.97%
Revenue growth 5Y15.07%
Sales Q2Q%0.64%
Revenue Next Year-1.27%
Revenue Next 2Y0.56%
Revenue Next 3Y1.59%
Revenue Next 5Y2.64%
EBIT growth 1Y17.47%
EBIT growth 3Y-22.02%
EBIT growth 5Y0.88%
EBIT Next Year88.36%
EBIT Next 3Y33.62%
EBIT Next 5Y27.33%
FCF growth 1Y29.09%
FCF growth 3Y21.03%
FCF growth 5Y13.26%
OCF growth 1Y4.1%
OCF growth 3Y1.52%
OCF growth 5Y10.17%