Vita Coco Company, Inc. Stock Research

Market Summary

USD19.30+0.80

Delayed

4.32%

COCO Alerts

Losses in recent quarter

COCO Stock Price

COCO RSI Chart

COCO Valuation

Market Cap

1.1B

Price/Earnings (Trailing)

138.36

Price/Sales (Trailing)

2.53

EV/EBITDA

81.66

Price/Free Cashflow

-90.72

COCO Price/Sales (Trailing)

COCO Profitability

EBT Margin

2.17%

Return on Equity

5.09%

Return on Assets

3.3%

Free Cashflow Yield

-1.1%

COCO Fundamentals

COCO Revenue

Revenue (TTM)

427.8M

Revenue Y/Y

6.24%

Revenue Q/Q

-25.84%

COCO Earnings

Earnings (TTM)

7.8M

Earnings Y/Y

17.76%

Earnings Q/Q

-138.72%

Price Action

52 Week Range

7.3919.38

(Low)(High)

Last 7 days

11.5%

Last 30 days

20.8%

Last 90 days

41.2%

Trailing 12 Months

54.3%

COCO Financial Health

Current Ratio

2.93

COCO Investor Care

Shares Dilution (1Y)

0.83%

Diluted EPS (TTM)

0.14

Financials for Vita Coco Company

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.3%	428	422	414	401	380
Gross Profit	0.8%	103	103	108	108	113
Operating Expenses	-	89.00	-	-	-	-
S&GA Expenses	0.6%	100	100	96.00	94.00	89.00
R&D Expenses	-	0.00	-	-	-	-
EBITDA	-35.3%	11.00	18.00	27.00	27.00	-
EBITDA Margin	-36.5%	0.03*	0.04*	0.07*	0.07*	-
Earnings Before Taxes	18.1%	11.00	9.00	15.00	25.00	24.00
EBT Margin	-41.5%	0.02*	0.04*	0.06*	0.06*	-
Interest Expenses	1.6%	0.00	0.00	0.00	0.00	0.00
Net Income	8.4%	8.00	7.00	13.00	20.00	19.00
Net Income Margin	-45.4%	0.02*	0.03*	0.05*	0.05*	-
Free Cahsflow	44.9%	-19.33	-35.10	-23.62	-16.72	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-9.4%	198	218	218	198	197
Current Assets	-8.4%	175	191	188	170	173
Cash Equivalents	-7.5%	20.00	21.00	16.00	18.00	29.00
Inventory	13.0%	84.00	74.00	70.00	65.00	75.00
Net PPE	3.1%	2.00	2.00	3.00	3.00	2.00
Goodwill	0%	8.00	8.00	8.00	8.00	8.00
Liabilities	-26.2%	57.00	77.00	87.00	71.00	74.00
Current Liabilities	-16.5%	54.00	65.00	63.00	58.00	74.00
Shareholder's Equity	-0.4%	141	142	131	128	123
Retained Earnings	-4.8%	55.00	58.00	51.00	50.00	47.00
Additional Paid-In Capital	1.5%	145	143	139	137	135
Shares Outstanding	0.2%	56.00	56.00	56.00	56.00	56.00
Minority Interest	-	-	-	-	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	39.2%	-10.93	-18.00	-33.77	-22.87	-16.17
Share Based Compensation	-0.2%	7.00	7.00	7.00	5.00	3.00
Cashflow From Investing	26.6%	-0.98	-1.34	-1.33	-0.75	-0.56
Cashflow From Financing	-39.6%	3.00	5.00	32.00	28.00	-26.80
Buy Backs	NaN%	0.00	0.00	0.00	0.00	50.00

Risks for COCO

What is the probability of a big loss on COCO?

90.8%

Probability that Vita Coco Company stock will be more than 20% underwater in next one year

89.2%

Probability that Vita Coco Company stock will be more than 30% underwater in next one year.

73.8%

Probability that Vita Coco Company stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does COCO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Vita Coco Company was unfortunately bought at previous high price.

Drawdowns

Returns for COCO

Cumulative Returns on COCO

Which funds bought or sold COCO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	new	-	254,620	254,620	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	27,894	157,894	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	new	-	14.00	14.00	-%
2023-02-15	JANE STREET GROUP, LLC	sold off	-100	-451,000	-	-%
2023-02-15	LAZARD ASSET MANAGEMENT LLC	new	-	20,000	20,000	-%
2023-02-15	Metropolitan Life Insurance Co/NY	unchanged	-	4,134	26,134	-%
2023-02-15	ALLIANCEBERNSTEIN L.P.	added	72.95	152,602	291,602	-%
2023-02-15	State of Wyoming	new	-	71,076	71,076	0.02%
2023-02-15	Capital Impact Advisors, LLC	added	2.59	270,744	1,009,740	0.99%
2023-02-15	Virtu Financial LLC	sold off	-100	-250,000	-	-%

Latest Funds Activity

Are funds buying COCO calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own COCO

No. of Funds

COCO Alerts

Losses in recent quarter

Vita Coco Company News

Schedule 13G FIlings of Vita Coco Company

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 13, 2023	rw vc s.a.r.l.	6.09%	3,406,933	SC 13G/A
Feb 14, 2023	kirban michael	6.2%	3,524,320	SC 13G/A
Feb 13, 2023	verlinvest beverages sa	36.84%	20,602,363	SC 13G/A
Feb 14, 2022	rw vc s.a.r.l.	6.08%	3,376,933	SC 13G
Feb 11, 2022	kirban michael	6.1%	3,392,910	SC 13G
Feb 11, 2022	verlinvest beverages sa	38.87%	20,597,697	SC 13G

COCO Fair Value

Recent SEC filings of Vita Coco Company

View All Filings

Date Filed	Form Type	Document
Mar 15, 2023	3/A	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	10-K	Annual Report
Mar 14, 2023	3	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading

Latest Insider Trading transactions for COCO

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-10	BAKER COREY	acquired	-	-	17,741	chief financial officer
2023-03-10	Ricalde Rowena	acquired	-	-	4,435	chief accounting officer
2023-03-10	van Es Charles	acquired	-	-	5,914	chief sales officer
2023-03-10	Prior Jane	acquired	-	-	5,914	chief marketing officer
2023-03-10	Burth Jonathan	acquired	-	-	5,914	chief operating officer
2022-12-14	Burth Jonathan	acquired	51,344	6.418	8,000	chief operating officer
2022-12-14	Burth Jonathan	sold	-101,695	12.7119	-8,000	chief operating officer
2022-12-13	Liran Ira	bought	121,700	12.17	10,000	-
2022-12-01	van Es Charles	sold	-70,591	12.339	-5,721	chief sales officer
2022-11-29	Burth Jonathan	sold	-18,153	11.2893	-1,608	chief operating officer

About Vita Coco Company

Martin F. Roper

thevitacococompany.com

280

The Vita Coco Company, Inc. develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, and the Asia Pacific. The company offers coconut oil and coconut milk; Hydration Drink Mix, a powdered form of flavored coconut water; sparkling water; Runa, a plant-based energy drink; purified water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink. It distributes its products through club, food, drug, mass, convenience, e-commerce, and foodservice channels. In addition, the company supplies coconut water and coconut oil categories to retailers. The company was formerly known as All Market Inc. and changed its name to The Vita Coco Company, Inc. in September 2021.The Vita Coco Company, Inc. was founded in 2004 and is headquartered in New York, New York.

COCO Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 427,787	$ 379,513	$ 310,644
Cost of goods sold	324,426	266,365	205,786
Gross profit	103,361	113,148	104,858
Operating expenses
Selling, general and administrative	100,306	88,559	74,401
Change in fair value of contingent consideration	0	0	(16,400)
Total operating expenses	100,306	88,559	58,001
Income from operations	3,055	24,589	46,857
Other income (expense)
Unrealized gain (loss) on derivative instruments	6,606	2,093	(4,718)
Foreign currency gain (loss)	1,387	(2,088)	1,848
Loss on extinguishment of debt	0	(132)	0
Interest income	51	127	404
Interest expense	(258)	(360)	(791)
Total other income (expense)	7,786	(360)	(3,257)
Income before income taxes	10,841	24,229	43,600
Income tax expense	(3,027)	(5,237)	(10,913)
Net income	7,814	18,992	32,687
Net income (loss) attributable to noncontrolling interest	0	(23)	27
Net income attributable to The Vita Coco Company, Inc.	$ 7,814	$ 19,015	$ 32,660
Net income attributable to The Vita Coco Company, Inc. per common share
Basic (in dollars per share)	$ 0.14	$ 0.35	$ 0.56
Diluted (in dollars per share)	$ 0.14	$ 0.35	$ 0.56
Weighted-average number of common shares outstanding
Basic (in shares)	55,732,619	53,689,910	58,501,170
Diluted (in shares)	56,123,661	54,186,121	58,610,825

COCO Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 19,629	$ 28,690
Accounts receivable, net of allowance of $2,898 at December 31, 2022, and $1,301 at December 31, 2021	43,350	47,195
Inventory	84,115	75,360
Supplier advances	1,534	1,170
Derivative assets	3,606	126
Asset held for sale	503	0
Prepaid expenses and other current assets	22,181	20,718
Total current assets	174,918	173,259
Property and equipment, net	2,076	2,473
Goodwill	7,791	7,791
Intangible assets, net	0	7,934
Supplier advances	4,360	2,808
Deferred tax assets, net	4,256	1,265
Right-of-use asset	2,679	0
Other assets	1,677	1,954
Total assets	197,757	197,484
Current liabilities:
Accounts payable	15,910	28,338
Accrued expenses	38,342	42,399
Notes payable, current	23	28
Derivative liabilities	71	3,197
Total current liabilities	54,346	73,962
Credit facility	0	0
Notes payable	25	48
Other long-term liabilities	2,293	301
Total liabilities	56,664	74,311
Stockholders' equity:
Common stock, $0.01 par value; 500,000,000 shares authorized; and 62,225,250 shares and 61,764,582 shares issued at December 31, 2022 and 2021, respectively; 56,019,050 and 55,558,382 shares outstanding at December 31, 2022 and 2021, respectively.	622	618
Additional paid-in capital	145,210	134,730
Retained earnings	55,183	47,369
Accumulated other comprehensive loss	(994)	(616)
Treasury stock, 6,206,200 shares at cost as of December 31, 2022, and December 31, 2021	(58,928)	(58,928)
Total stockholders' equity attributable to The Vita Coco Company, Inc.	141,093	123,173
Noncontrolling interests	0	0
Total stockholders' equity	141,093	123,173
Total liabilities and stockholders' equity	$ 197,757	$ 197,484