企業概要
The Vita Coco Company, Inc. is engaged in the development, manufacturing, marketing, and distribution of coconut water products under its brand name across the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific, while also offering coconut oil, juice, and plant-based treats. This enterprise operates within the Consumer Defensive sector, specifically in the Beverages - Non-Alcoholic industry, which generally implies a lower correlation to economic cycles compared to cyclical sectors due to the essential nature of hydration products. The company holds a market capitalization of $2.79B and generates annual revenue of $609.78M, supported by an operational workforce of 336 employees. These valuation and revenue metrics indicate that the firm maintains a significant presence in the global non-alcoholic beverage market, reflecting a substantial asset base and established distribution network that supports its international footprint.
財務健全性
The company reported a trailing twelve-month revenue of $609.78M with a corresponding net income of $71.32M and EBITDA of $83.74M. The disparity between the total revenue figure and the net income reveals a cost structure where operating expenses and taxes amount to approximately $216.46M, highlighting the significant overhead required to maintain global distribution and brand marketing. Free cash flow stands at $19.38M, which represents the cash remaining after accounting for capital expenditures and indicates a moderate level of financial flexibility for potential capital allocation or debt servicing. The gross margin is reported at 36.5%, suggesting a healthy pricing power and efficient production costs relative to the cost of goods sold. Furthermore, the operating margin of 8.1% and profit margin of 11.7% demonstrate the company's ability to control operational inefficiencies and deliver profitability to shareholders after all expenses are deducted. In terms of leverage, the company holds $196.87M in cash against $14.82M in debt, resulting in a debt-to-equity ratio of 4.47, which suggests a balance sheet that relies heavily on equity financing rather than debt obligations. The current ratio of 3.62 indicates a robust short-term liquidity position, meaning the company possesses more than three times the current assets necessary to cover its current liabilities. Additionally, the return on equity is 24.2% and the return on assets is 12.5%, metrics that reveal high management effectiveness in generating returns relative to the capital invested and the total asset base utilized.
バリュエーション評価
The stock trades at a trailing P/E ratio of 41.03 and a forward P/E of 25.52, where the significant difference between these two figures implies that the market expects earnings to expand substantially in the coming year compared to the historical average. The price-to-book ratio is 8.41, indicating that the market values the company's equity at a substantial premium over its book value, likely due to intangible assets such as brand recognition and distribution channels not fully captured on the balance sheet. Alternative valuation metrics such as the price-to-sales ratio of 4.57 and the EV/EBITDA of 31.11 suggest that investors are willing to pay a high multiple for sales and earnings generation, reflecting strong growth expectations or a scarcity premium in the non-alcoholic beverage space. The 52-week trading range spans from a low of $27.43 to a high of $61.39, providing a historical context for price volatility and potential support or resistance levels for technical analysis. With a beta of 0.47, the company exhibits low price volatility relative to the broader market, suggesting that its stock price movements are less sensitive to general market fluctuations than the average equity.
Growth & Income
Revenue growth year-over-year is recorded at 0.4%, while earnings growth year-over-year is significantly higher at 75.6%, indicating that earnings are expanding at a much faster pace than top-line sales, which often points to margin expansion or one-time gains impacting profitability. As a non-dividend payer, the company reports a dividend yield of N/A and a payout ratio of 0.0%, meaning the firm reinvests its generated earnings into business growth, acquisitions, or share buybacks rather than distributing cash to shareholders. This strategy allows the company to compound value internally rather than relying on external capital markets for expansion. The overall growth and income profile is characterized by rapid earnings acceleration despite flat revenue, coupled with a conservative dividend policy that prioritizes capital retention over current income distribution to investors.