회사 개요
National Beverage Corp. is a prominent entity within the consumer defensive sector, specifically operating in the non-alcoholic beverages industry by developing, producing, and marketing a diverse portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks across the United States and Canada. The company's primary asset is its Power+ brand portfolio, which notably includes the LaCroix sparkling water line, allowing it to capitalize on shifting consumer preferences toward health-conscious and functional beverage options. In terms of scale, the corporation holds a market capitalization of $3.32B and generates annual revenue of $1.20B, supported by an organizational structure comprising 1681 employees. These valuation and revenue metrics position National Beverage Corp. as a mid-to-large-cap player with a significant footprint in the competitive soft drink market, indicating a substantial operational reach and established brand recognition that provides a stable foundation within the defensive sector.
재무 건전성
The company's financial performance over the trailing twelve months demonstrates a revenue base of $1.20B, with a net income of $188.09M and an EBITDA of $259.55M. The significant gap between the $1.20B revenue and the $188.09M net income reveals a robust cost structure where operating expenses, taxes, and interest absorb approximately $1.01B of gross revenue, reflecting the high-cost nature of manufacturing and distribution in the beverage industry. The free cash flow stands at $120.21M, which indicates strong financial flexibility to fund capital expenditures, manage working capital, or pursue strategic acquisitions without relying heavily on external financing. Profitability is further detailed by three key margin metrics: a gross margin of 37.4% highlights the efficiency of production relative to sales, an operating margin of 19.3% reflects effective control over administrative and selling expenses, and a profit margin of 15.7% confirms the final profitability after all costs. Regarding leverage, the company holds $313.97M in cash against only $62.67M in debt, resulting in a conservative debt-to-equity ratio of 10.60, which suggests a highly secure balance sheet with minimal solvency risk. Liquidity is exceptionally strong, evidenced by a current ratio of 4.41, meaning the company possesses more than four times the current assets needed to cover its short-term obligations. Furthermore, the return on equity of 37.9% and return on assets of 21.4% reveal highly effective management in deploying capital to generate superior returns compared to industry peers.
밸류에이션 평가
Valuation multiples for National Beverage Corp. show a trailing P/E ratio of 17.72 and a forward P/E of 17.61, implying that the market expects earnings to remain relatively stable with no significant anticipated acceleration or deceleration in the near term. The price-to-book ratio sits at 5.56, indicating that the stock trades at a substantial premium to its book value, which is typical for companies with high intangible assets like brand equity and strong cash generation capabilities. Alternative valuation metrics provide additional context, with a price-to-sales ratio of 2.77 and an EV/EBITDA of 11.79, suggesting the market values the company based on its sales scale and earnings power relative to enterprise value. Regarding trading range, the 52-week high is $47.89 and the 52-week low is $31.21, placing the current price dynamics within a specific volatility band that reflects recent market sentiment shifts. The stock exhibits a beta of 0.73, which signifies that the share price is less volatile than the broader market, moving at approximately 27% less intensity than the S&P 500 during periods of market fluctuation.
Growth & Income
Growth metrics indicate a revenue growth rate of -0.9% year-over-year, while earnings growth stands at 4.8%, revealing a divergence where profitability is expanding despite a contraction in top-line sales, likely due to margin expansion or cost efficiencies. As a non-dividend payer, the company maintains a dividend yield of N/A and a payout ratio of 0.0%, confirming that the firm does not distribute cash to shareholders but instead retains earnings to fund operations and growth initiatives. This reinvestment strategy aligns with the company's focus on maintaining market share and potentially investing in brand development or distribution networks rather than providing passive income. Overall, the growth and income profile characterizes National Beverage Corp. as a growth-oriented asset within the defensive sector, prioritizing capital retention and operational expansion over current income distribution for investors seeking capital appreciation potential.