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General information

Country: UNITED STATES

Sector: Beverages — Non-Alcoholic

National Beverage Corp. is a holding company for subsidiaries that market, manufacture, and distribute a full line of beverage products. The Company"s products include multi-flavored and cola soft drinks, juice and juice products, flavored carbonated and spring water products, and specialty items.
Website: nationalbeverage.com



Growth: Pretty weak revenue growth rate 3.5%, there is slowdown compared to average historical growth rates 6.4%. The revenue growth dynamics is moderately stable

Profitability: LTM EBITDA margin is positive, +16.6%. On average the margin is decreasing unsteadily. Gross margin is normal, +35.4%. In the last quarter the company beat the estimated EPS, +2.6%. The company was ahead of estimated EPS in 60% of quarters (showing a gain of -$0.02 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield 2.4% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 16.1% higher than minimum and 29.3% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 2.6x by EV / Sales multiple , the company can be 26.8% overvalued

Insiders: For the last 3 months insiders sold company shares on $0.6 mln (-0.013% of cap.)

Key Financials (Download financials)

Ticker: FIZZ
Share price, USD:  (-0.4%)44.73
year average price 49.19  


year start price 51.50 2023-04-20

max close price 54.56 2023-08-11

min close price 44.06 2023-10-23

current price 44.73 2024-04-19
Common stocks: 93 353 000

Dividend Yield:  0.0%
FCF Yield LTM: 2.4%
EV / LTM EBITDA: 21.3x
EV / EBITDA annualized: 20.7x
Last revenue growth (y/y):  3.5%
Last growth of EBITDA (y/y):  2.0%
Historical revenue growth:  6.4%
Historical growth of EBITDA:  8.6%
EV / Sales: 3.5x
Margin (EBITDA LTM / Revenue): 16.6%
Fundamental value created in LTM:
Market Cap ($m): 4 176
Net Debt ($m): -52
EV (Enterprise Value): 4 124
Price to Book: 8.2x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-11-16Seeking Alpha

National Beverage: Conservatism Doesn't Reach The Valuation

2023-08-29Seeking Alpha

National Beverage Corp.: Robust Brands Amid Overvaluation

2023-07-06MarketBeat

National Beverage Corp. Underperforms Buy These Stocks Instead

2023-06-13Proactive Investors

National Beverage 4Q results unlikely to send share price higher, analysts say

2023-05-22Zacks Investment Research

3 Top-Ranked Beverage Stocks to Buy Now

2023-04-27Zacks Investment Research

Rely on DuPont to Buy 5 Top-Ranked Healthy Stocks

2023-04-06Zacks Investment Research

Are You Looking for a Top Momentum Pick? Why National Beverage (FIZZ) is a Great Choice

2023-04-04Zacks Investment Research

Best Momentum Stock to Buy for April 4th
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-01-27 2023-10-28 2023-07-29 2023-04-29 2023-01-28 2022-10-29
symbol FIZZ FIZZ FIZZ FIZZ FIZZ FIZZ
reportedCurrency USD USD USD USD USD USD
cik 69 891 69 891 69 891 69 891 69 891 69 891
fillingDate 2024-03-07 2023-12-07 2023-09-07 2023-06-28 2023-03-09 2022-12-08
acceptedDate 2024-03-07 16:25:15 2023-12-07 16:23:36 2023-09-07 16:31:31 2023-06-28 17:05:29 2023-03-09 16:24:09 2022-12-08 16:41:19
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
revenue 270M 300M 324M 287M 268M 300M
costOfRevenue 171M 192M 210M 184M 174M 200M
grossProfit 99M 108M 114M 102M 95M 100M
grossProfitRatio 0.367 0.359 0.353 0.357 0.354 0.334
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 0 0 20M 0 0 0
sellingAndMarketingExpenses 0 0 32M 0 0 0
sellingGeneralAndAdministrativeExpenses 49M 54M 51M 54M 50M 53M
otherExpenses 167 000 516 000 2M -3M 482 000 0
operatingExpenses 49M 54M 51M 54M 50M 53M
costAndExpenses 220M 246M 261M 238M 224M 253M
interestIncome 2M 2M 2M 0 0 0
interestExpense 0 0 0 726 000 -482 000 -86 000
depreciationAndAmortization 9M 9M 8M 8M 8M 8M
ebitda 59M 63M 71M 57M 53M 55M
ebitdaratio 0.219 0.210 0.220 0.198 0.197 0.185
operatingIncome 50M 54M 63M 49M 44M 47M
operatingIncomeRatio 0.186 0.181 0.195 0.170 0.166 0.157
totalOtherIncomeExpensesNet -159 000 516 000 2M -726 000 482 000 86 000
incomeBeforeTax 50M 57M 65M 48M 45M 47M
incomeBeforeTaxRatio 0.186 0.190 0.201 0.168 0.167 0.157
incomeTaxExpense 11M 13M 16M 12M 11M 11M
netIncome 40M 44M 50M 36M 34M 36M
netIncomeRatio 0.147 0.146 0.153 0.127 0.128 0.120
eps 0.420 0.470 0.530 0.380 0.370 0.390
epsdiluted 0.420 0.470 0.530 0.380 0.370 0.390
weightedAverageShsOut 93M 93M 94M 93M 93M 93M
weightedAverageShsOutDil 94M 94M 94M 94M 94M 94M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-01-27 2023-10-28 2023-07-29 2023-04-29 2023-01-28 2022-10-29
symbol FIZZ FIZZ FIZZ FIZZ FIZZ FIZZ
reportedCurrency USD USD USD USD USD USD
cik 69 891 69 891 69 891 69 891 69 891 69 891
fillingDate 2024-03-07 2023-12-07 2023-09-07 2023-06-28 2023-03-09 2022-12-08
acceptedDate 2024-03-07 16:25:15 2023-12-07 16:23:36 2023-09-07 16:31:31 2023-06-28 17:05:29 2023-03-09 16:24:09 2022-12-08 16:41:19
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 277M 248M 223M 158M 118M 93M
shortTermInvestments 0 0 0 0 0 0
cashAndShortTermInvestments 277M 248M 223M 158M 118M 93M
netReceivables 102M 100M 108M 105M 97M 100M
inventory 89M 93M 93M 94M 94M 88M
otherCurrentAssets 22M 16M 8M 10M 15M 17M
totalCurrentAssets 489M 456M 431M 366M 324M 299M
propertyPlantEquipmentNet 211M 196M 189M 188M 182M 182M
goodwill 13M 13M 13M 13M 13M 13M
intangibleAssets 2M 2M 2M 2M 2M 2M
goodwillAndIntangibleAssets 15M 15M 15M 15M 15M 15M
longTermInvestments 400 000 -24M -24M -20M 0 0
taxAssets 25M 24M 24M 20M 25M 21M
otherNonCurrentAssets -20M 5M 5M 5M -19M -16M
totalNonCurrentAssets 231M 216M 209M 208M 202M 201M
otherAssets 1.000 0 0 0 0 0
totalAssets 720M 673M 640M 574M 526M 500M
accountPayables 73M 80M 87M 85M 69M 84M
shortTermDebt 14M 13M 12M 12M 12M 12M
taxPayables 789 000 194 000 9M 152 000 467 000 154 000
deferredRevenue 789 000 194 000 9M 0 25M 21M
otherCurrentLiabilities 45M 49M 49M 47M 20M 31M
totalCurrentLiabilities 133M 143M 157M 144M 126M 148M
longTermDebt 45M 32M 30M 30M 29M 29M
deferredRevenueNonCurrent -1.000 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 25M 24M 24M 20M 25M 21M
otherNonCurrentLiabilities 7M 7M 8M 8M 8M 8M
totalNonCurrentLiabilities 77M 63M 62M 58M 61M 57M
otherLiabilities 1.000 0 0 0 0 0
capitalLeaseObligations 45M 45M 42M 42M 41M 41M
totalLiabilities 210M 206M 218M 202M 187M 205M
preferredStock 0 150 000 150 000 150 000 150 000 150 000
commonStock 1M 1M 1M 1M 1M 1M
retainedEarnings 491M 452M 408M 358M 322M 288M
accumulatedOtherComprehensiveIncomeLoss 191 000 -3M -3M -3M 324 000 -10M
othertotalStockholdersEquity 23M 17M 16M 16M 16M 16M
totalStockholdersEquity 510M 467M 422M 372M 340M 295M
totalEquity 510M 467M 422M 372M 340M 295M
totalLiabilitiesAndStockholdersEquity 720M 673M 640M 574M 526M 500M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 720M 673M 640M 574M 526M 500M
totalInvestments 400 000 -24M -24M -20M 0 0
totalDebt 58M 45M 42M 42M 41M 41M
netDebt -219M -203M -181M -117M -77M -52M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-01-27 2023-10-28 2023-07-29 2023-04-29 2023-01-28 2022-10-29
symbol FIZZ FIZZ FIZZ FIZZ FIZZ FIZZ
reportedCurrency USD USD USD USD USD USD
cik 69 891 69 891 69 891 69 891 69 891 69 891
fillingDate 2024-03-07 2023-12-07 2023-09-07 2023-06-28 2023-03-09 2022-12-08
acceptedDate 2024-03-07 16:25:15 2023-12-07 16:23:36 2023-09-07 16:31:31 2023-06-28 17:05:29 2023-03-09 16:24:09 2022-12-08 16:41:19
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
netIncome 40M 44M 50M 36M 34M 36M
depreciationAndAmortization 9M 9M 8M 8M 8M 8M
deferredIncomeTax -110 000 -150 000 4M -4M 2M 75 000
stockBasedCompensation 163 000 170 000 171 000 170 000 165 000 172 000
changeInWorkingCapital -13M -20M 8M 9M -15M -3M
accountsReceivables -2M 7M -3M -8M 3M -172 000
inventory 4M 225 000 579 000 13 000 -5M 2M
accountsPayables -7M -7M 2M 16M -15M 8M
otherWorkingCapital -9M -21M 8M 805 000 2M -13M
otherNonCashItems 0 0 3000.000 121 000 20 000 -6000.000
netCashProvidedByOperatingActivities 35M 32M 70M 49M 30M 42M
investmentsInPropertyPlantAndEquipment -7M -7M -5M -10M -4M -5M
acquisitionsNet 17 000 2000.000 26 000 0 0 0
purchasesOfInvestments 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0
otherInvestingActivites 0 0 0 16 000 -16 000 24 000
netCashUsedForInvestingActivites -7M -7M -5M -10M -4M -5M
debtRepayment 0 -287 000 -287 000 -30M 0 0
commonStockIssued 563 000 278 000 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid 0 0 0 -280M -280M 0
otherFinancingActivites 0 287 000 574 000 310M 280M 285 000
netCashUsedProvidedByFinancingActivities 563 000 278 000 287 000 19 000 7000.000 285 000
effectOfForexChangesOnCash 0 0 -287 000 0 0 0
netChangeInCash 29M 25M 65M 40M 26M 37M
cashAtEndOfPeriod 277M 248M 223M 158M 118M 93M
cashAtBeginningOfPeriod 248M 223M 158M 118M 93M 56M
operatingCashFlow 35M 32M 70M 49M 30M 42M
capitalExpenditure -7M -7M -5M -10M -4M -5M
freeCashFlow 29M 25M 65M 40M 26M 36M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-03-07 21:15 ET
National Beverage Corp. Reports Exceptional Winter Quarter
2023-12-15 15:00 ET
National Beverage Commemorates 30 Years of Supporting ‘HOPE’ for the Children of St. Jude
2023-12-07 21:15 ET
National Beverage Corp. Reports Record Revenues and Double-Digit Earnings Growth
2023-09-07 20:21 ET
National Beverage Corp. Reports Robust Earnings on Record Revenues
2023-06-28 20:15 ET
National Beverage Corp. Reports Strong Fourth Quarter and FY 2023 Results – Continues Margin Growth
2023-03-09 21:15 ET
National Beverage Corp. Reports Impressive Third Quarter Revenues Plus Margin Improvement
2022-12-16 16:00 ET
National Beverage Inspires the Gift of ‘Dreams’ for the Children of St. Jude
2022-12-08 21:30 ET
National Beverage Corp. Reports Highest Second Quarter Sales
2022-09-08 20:30 ET
‘Grass Turning Greener’ States National Beverage Corp.; First Quarter Revenues Up; Cites Long-Term Performance Chart
2022-06-29 20:13 ET
National Beverage Corp. Boasts Dividends and Results for Fiscal Year 2022
2022-06-24 18:25 ET
PEOPLE's Food Awards 2022 Winner – LaCroix Cherry Blossom: "It’s Like Spring in a Can!”
2022-03-10 21:30 ET
Record Third Quarter Revenues on Growth in Velocity Reports National Beverage Corp.
2022-02-14 15:00 ET
LaCroix’s Newest Flavor Dazzles!! Cherry Blossom to Launch at Major Retailers
2021-12-21 21:15 ET
National Beverage Corp. Sets Cash Dividend Payment Date
2021-12-17 19:24 ET
National Beverage Inspires HOPE for the Heroic Children of St. Jude
2021-12-09 22:17 ET
National Beverage Corp. Reports Record Second Quarter Revenues - Reflects Upon Dynamic Performance
2021-12-02 21:15 ET
National Beverage Corp. Again Enriches the Holiday Season With a Special Cash Dividend
2021-09-09 20:15 ET
Trailing Twelve Months and This Exceptional First Quarter Indicate Continuing Momentum Reports National Beverage Corp.
2021-06-30 20:30 ET
National Beverage Corp. Leads the Way Producing Healthy Taste
2021-03-18 14:00 ET
LaCroix’s New Summer Flavors are . . . beyond taste!! Unique Naturally-Essenced Varieties Launch at Major Retailers
2021-03-11 21:05 ET
National Beverage Corp. Continues Its Healthy Performance; Reports Best Ever Winter Quarter
2021-02-05 14:15 ET
National Beverage Corp. Announces One-for-One Stock Split
2021-01-21 21:15 ET
National Beverage Corp. Sets Payment Date for Record Dividend
2020-12-10 21:12 ET
National Beverage Corp. Delivers . . . Good Tidings – Good Results – Good Cheer!
2020-12-02 21:00 ET
National Beverage Corp. Thirty-Year Public Company Commemorative Extra Dividend Payout
2020-11-24 21:15 ET
National Beverage Corp. Declares Cash Dividend
2020-09-10 13:15 ET
National Beverage Corp. Reports “Best Ever” Quarter
2020-07-01 21:19 ET
 National Beverage Corp. Gives ‘Rise’ to the Companion of Heroes – LACROIX
2020-06-29 16:33 ET
National Beverage Corp. States LaCroix Leads the Category on Reported Scans / Sales
2020-03-05 21:45 ET
National Beverage Corp. Reports on ‘Stimulus’ Action Results
2020-03-04 15:50 ET
LaCroix’s Spring Taste is . . . UP!!
2020-02-19 14:00 ET
LaCroix Victorious in Litigation . . .Claims Completely Retracted
2019-12-06 15:00 ET
National Beverage Advocates the Gift of Hope for the Kids of St. Jude
2019-12-05 22:15 ET
National Beverage Corp. Reports Solid Second Quarter Results With Confident Enthusiasm
2019-08-01 22:12 ET
Leidos Holdings & IDEX Set to Join S&P 500; Grubhub & Foot Locker to Join S&P MidCap 400; National Beverage to Join S&P SmallCap 600

SEC forms

Show financial reports only

SEC form 8
2024-03-08 16:30 ET
National Beverage published news for 2023 q4
SEC form 8
2024-03-08 16:30 ET
National Beverage published news for 2023 q4
SEC form 10
2024-03-07 16:25 ET
National Beverage reported for 2023 q4
SEC form 10
2024-03-07 00:00 ET
National Beverage reported for 2023 q4
SEC form 8
2023-12-08 16:32 ET
National Beverage published news for 2023 q3
SEC form 10
2023-12-07 16:23 ET
National Beverage reported for 2023 q3
SEC form 10
2023-12-07 00:00 ET
National Beverage reported for 2023 q3
SEC form 6
2023-09-08 16:30 ET
National Beverage published news for 2023 q2
SEC form 8
2023-09-08 00:00 ET
National Beverage published news for 2023 q2
SEC form 10
2023-09-07 16:31 ET
National Beverage reported for 2023 q2
SEC form 10
2023-09-07 00:00 ET
National Beverage reported for 2023 q2
SEC form 6
2023-08-25 17:20 ET
National Beverage published news for 2023 q2
SEC form 6
2023-07-11 17:15 ET
National Beverage published news for 2023 q2
SEC form 6
2023-06-29 16:30 ET
National Beverage published news for 2023 q1
SEC form 8
2023-06-29 00:00 ET
National Beverage published news for 2023 q1
SEC form 10
2023-06-28 17:05 ET
National Beverage reported for 2023 q1
SEC form 10
2023-06-28 00:00 ET
National Beverage reported for 2023 q1
SEC form 6
2023-03-10 16:30 ET
National Beverage published news for 2022 q4
SEC form 8
2023-03-10 00:00 ET
National Beverage published news for 2022 q4
SEC form 10
2023-03-09 16:24 ET
National Beverage reported for 2022 q4
SEC form 10
2023-03-09 00:00 ET
National Beverage published news for 2022 q4
SEC form 6
2022-12-09 16:30 ET
National Beverage published news for 2022 q3
SEC form 8
2022-12-09 00:00 ET
National Beverage published news for 2022 q3
SEC form 10
2022-12-08 16:41 ET
National Beverage reported for 2022 q3
SEC form 10
2022-12-08 00:00 ET
National Beverage published news for
SEC form 6
2022-10-11 16:31 ET
National Beverage published news for 2022 q3
SEC form 6
2022-09-09 16:30 ET
National Beverage published news for 2022 q2
SEC form 8
2022-09-09 00:00 ET
National Beverage published news for 2022 q2
SEC form 10
2022-09-08 16:40 ET
National Beverage reported for 2022 q2
SEC form 10
2022-09-08 00:00 ET
National Beverage reported for 2022 q2
SEC form 6
2022-08-26 16:45 ET
National Beverage published news for 2022 q2
SEC form 6
2022-06-30 16:31 ET
National Beverage published news for 2022 q1
SEC form 8
2022-06-30 00:00 ET
National Beverage published news for 2022 q1
SEC form 10
2022-06-29 16:28 ET
National Beverage reported for 2022 q1
SEC form 10
2022-06-29 00:00 ET
National Beverage reported for 2022 q1
SEC form 6
2022-03-11 16:30 ET
National Beverage published news for 2021 q4
SEC form 8
2022-03-11 00:00 ET
National Beverage published news for 2021 q4
SEC form 10
2022-03-10 16:44 ET
National Beverage published news for 2021 q4
SEC form 10
2022-03-10 00:00 ET
National Beverage published news for
SEC form 6
2021-12-22 16:30 ET
National Beverage published news for 2021 q3
SEC form 6
2021-12-10 16:30 ET
National Beverage published news for 2021 q3
SEC form 8
2021-12-10 00:00 ET
National Beverage published news for 2021 q3
SEC form 10
2021-12-09 17:21 ET
National Beverage published news for 2021 q3
SEC form 10
2021-12-09 00:00 ET
National Beverage published news for 2021 q3
SEC form 6
2021-12-03 16:30 ET
National Beverage published news for 2021 q3
SEC form 6
2021-10-04 16:31 ET
National Beverage published news for 2021 q3
SEC form 6
2021-09-10 16:30 ET
National Beverage published news for 2021 q2
SEC form 8
2021-09-10 00:00 ET
National Beverage published news for 2021 q2
SEC form 10
2021-09-09 16:26 ET
National Beverage published news for 2021 q2
SEC form 10
2021-09-09 00:00 ET
National Beverage published news for 2021 q2
SEC form 6
2021-08-27 16:31 ET
National Beverage published news for 2021 q2
SEC form 6
2021-07-01 16:31 ET
National Beverage published news for 2021 q2
SEC form 8
2021-07-01 00:00 ET
National Beverage published news for 2021 q2
SEC form 10
2021-06-30 16:59 ET
National Beverage published news for 2021 q1
SEC form 10
2021-06-30 00:00 ET
National Beverage published news for 2021 q1
SEC form 6
2021-03-12 16:34 ET
National Beverage published news for 2020 q4
SEC form 10
2021-03-11 16:51 ET
National Beverage published news for 2020 q4
SEC form 6
2021-02-08 16:32 ET
National Beverage published news for 2020 q4
SEC form 6
2021-01-22 16:31 ET
National Beverage published news for 2020 q4
SEC form 6
2020-12-11 16:31 ET
National Beverage published news for 2020 q3
SEC form 10
2020-12-10 17:11 ET
National Beverage published news for 2020 q3
SEC form 6
2020-12-03 16:30 ET
National Beverage published news for 2020 q3
SEC form 6
2020-11-25 16:32 ET
National Beverage published news for 2020 q3
SEC form 6
2020-10-05 16:30 ET
National Beverage published news for 2020 q3
SEC form 6
2020-08-28 17:00 ET
National Beverage published news for 2020 q2