National Beverage Corp Stock Research

Market Summary

USD49.99+0.12

Market Closed

0.24%

FIZZ Stock Price

FIZZ RSI Chart

FIZZ Valuation

Market Cap

4.7B

Price/Earnings (Trailing)

33.28

Price/Sales (Trailing)

3.99

EV/EBITDA

22.26

Price/Free Cashflow

36.57

FIZZ Price/Sales (Trailing)

FIZZ Profitability

Operating Margin

33.50%

EBT Margin

15.67%

Return on Equity

41.3%

Return on Assets

26.63%

Free Cashflow Yield

2.73%

FIZZ Fundamentals

FIZZ Revenue

Revenue (TTM)

1.2B

Revenue Y/Y

3.69%

Revenue Q/Q

-10.4%

FIZZ Earnings

Earnings (TTM)

140.2M

Earnings Y/Y

10.6%

Earnings Q/Q

-4.67%

Price Action

52 Week Range

38.4057.65

(Low)(High)

Last 7 days

-4.1%

Last 30 days

1.6%

Last 90 days

7.9%

Trailing 12 Months

2.1%

FIZZ Financial Health

Current Ratio

2.58

FIZZ Investor Care

Shares Dilution (1Y)

0.02%

Diluted EPS (TTM)

40.11

Peers (Alternatives to National Beverage)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
KO	260.7B	43.5B	-5.18%	-3.51%	26.42	5.99	8.39%	-4.26%
PEP	253.0B	88.0B	-2.63%	8.67%	38.44	2.87	8.89%	-35.26%
PM	143.5B	80.6B	-7.49%	-13.67%	16.48	1.78	-1.90%	-3.44%
KDP	44.1B	14.3B	-11.52%	-10.64%	33.45	3.08	11.46%	-45.22%
MNST	30.1B	6.3B	6.17%	29.85%	25.25	4.77	13.89%	-13.49%
TAP	12.4B	12.9B	2.55%	11.98%	-70.47	0.96	0.79%	-123.70%
MID-CAP
CELH	9.7B	780.2M	37.64%	92.04%	-63.58	12.44	96.20%	-1622.36%
PRMW	2.5B	2.2B	-11.16%	-7.00%	83.17	1.11	6.84%	1025.00%
MGPI	2.1B	788.1M	-2.33%	-2.60%	20.28	2.64	10.44%	-9.04%
SMALL-CAP
FIZZ	4.7B	1.2B	1.61%	2.10%	33.28	3.99	4.98%	-14.14%
XXII	135.1M	64.9M	-13.23%	-66.36%	-2.61	2.08	53.74%	-15.07%
WTER	20.3M	73.3M	96.19%	380.19%	-0.66	0.28	32.40%	6.88%
REED	8.2M	53.0M	3480.11%	988.71%	-0.41	0.15	6.94%	-22.28%

Financials for National Beverage

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	0.8%	1,170	1,161	1,144	1,138	1,115
Gross Profit	0.3%	392	391	392	418	421
S&GA Expenses	-1.2%	209	212	208	210	207
EBITDA	2.5%	204	199	204	227	-
EBITDA Margin	1.6%	0.17*	0.17*	0.18*	0.20*	-
Earnings Before Taxes	2.4%	183	179	184	208	214
EBT Margin	1.6%	0.16*	0.15*	0.16*	0.18*	-
Interest Expenses	-5.8%	0.00	1.00	1.00	0.00	0.00
Net Income	2.4%	140	137	140	159	163
Net Income Margin	1.6%	0.12*	0.12*	0.12*	0.14*	-
Free Cahsflow	28.8%	128	99.00	90.00	104	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	5.3%	526	500	456	468	428
Current Assets	8.5%	324	299	254	275	237
Cash Equivalents	27.7%	118	93.00	56.00	48.00	40.00
Inventory	5.9%	94.00	88.00	90.00	103	89.00
Net PPE	-0.1%	143	143	142	144	135
Goodwill	0%	13.00	13.00	13.00	13.00	13.00
Liabilities	-8.8%	187	205	191	228	222
Current Liabilities	-15.0%	126	148	132	145	119
LT Debt, Non Current	NaN%	-	-	-	30.00	50.00
Shareholder's Equity	15.0%	340	295	264	239	206
Retained Earnings	11.9%	322	288	252	216	182
Additional Paid-In Capital	0.4%	40.00	40.00	40.00	39.00	39.00
Shares Outstanding	0.0%	93.00	93.00	-	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	18.1%	153	129	117	133	141
Share Based Compensation	-1.3%	1.00	1.00	1.00	1.00	1.00
Cashflow From Investing	16.8%	-25.22	-30.32	-26.84	-29.00	-24.39
Cashflow From Financing	82.2%	-49.66	-279	-279	-249	-229
Dividend Payments	-100.0%	0.00	280	0.00	-	-
Buy Backs	-	0.00	-	-	-	-

Risks for FIZZ

What is the probability of a big loss on FIZZ?

97.7%

Probability that National Beverage stock will be more than 20% underwater in next one year

76.9%

Probability that National Beverage stock will be more than 30% underwater in next one year.

31.5%

Probability that National Beverage 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 FIZZ drawdown profile look like?

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

Drawdowns

Returns for FIZZ

Cumulative Returns on FIZZ

22.2%

10-Year Cumulative Returns

12.6%

7-Year Cumulative Returns

4.8%

5-Year Cumulative Returns

25.7%

3-Year Cumulative Returns

What are the long-term rolling returns for FIZZ?

FIve years rolling returns for National Beverage.

Annualized Returns

Which funds bought or sold FIZZ recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	ROYCE & ASSOCIATES LP	added	92.48	1,176,440	2,172,700	0.02%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-4.26	369,963	4,721,960	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-10.77	21,000	1,966,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	20.66	1,212,840	4,513,840	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-3.37	105,000	1,219,000	-%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	reduced	-2.78	120,555	814,275	0.01%
2023-05-17	Advisory Services Network, LLC	unchanged	-	6,909	58,836	-%
2023-05-16	Baker Avenue Asset Management, LP	unchanged	-	31.00	264	-%
2023-05-16	CAROLINAS WEALTH CONSULTING LLC	unchanged	-	1,523	12,969	-%
2023-05-16	JANE STREET GROUP, LLC	reduced	-52.29	-422,758	497,466	-%

Latest Funds Activity

Are funds buying FIZZ calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own FIZZ

No. of Funds

National Beverage News

Schedule 13G FIlings of National Beverage

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	kayne anderson rudnick investment management llc	4.05%	3,779,434	SC 13G/A
Feb 10, 2022	renaissance technologies llc	4.55%	4,242,944	SC 13G/A
Feb 11, 2021	renaissance technologies llc	5.68%	2,650,772	SC 13G/A
Feb 11, 2021	kayne anderson rudnick investment management llc	5.57%	2,598,008	SC 13G
Feb 12, 2020	renaissance technologies llc	5.77%	2,687,600	SC 13G

FIZZ Fair Value

National Beverage fair value in different scenarios

The table shows the Fair Value estimates for National Beverage for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	14.10 -71.79%	21.50 -56.99%	26.61 -46.77%	32.55 -34.89%	38.00 -23.98%
Current Inflation	13.21 -73.57%	19.63 -60.73%	23.91 -52.17%	28.91 -42.17%	33.51 -32.97%
Very High Inflation	12.08 -75.84%	17.36 -65.27%	20.69 -58.61%	24.65 -50.69%	28.27 -43.45%

Historical National Beverage Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of National Beverage

View All Filings

Date Filed	Form Type	Document
Mar 10, 2023	8-K	Current Report
Mar 09, 2023	10-Q	Quarterly Report

Latest Insider Trading transactions for FIZZ

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-07-11	CONLEE CECIL D	sold	-594,240	49.52	-12,000	-
2021-12-15	sheridan stanley michael	bought	4,595	45.9551	100	-
2021-12-14	CONLEE CECIL D	gifted	-136,560	45.52	-3,000	-
2021-12-07	CONLEE CECIL D	acquired	60.00	0.01	6,000	-
2021-09-29	CONLEE CECIL D	gifted	-105,060	52.53	-2,000	-
2021-07-27	sheridan stanley michael	acquired	60.00	0.01	6,000	-
2021-07-12	CAPORELLA NICK A	gifted	-53,436	44.53	-1,200	cob & ceo
2021-06-08	CONLEE CECIL D	acquired	60.00	0.01	6,000	-
2021-03-22	CONLEE CECIL D	gifted	-199,960	49.99	-4,000	-
2021-01-26	HATHORN SAMUEL C	gifted	-161,875	64.75	-2,500	-

About National Beverage

Nick A. Caporella

www.nationalbeverage.com

1550

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix CÃƒÂºrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr. Pure brands; and carbonated soft drinks under the Shasta and Faygo brands. It serves retailers, as well as various smaller up-and-down-the-street accounts through the take-home, convenience, and food-service distribution channels. The company was incorporated in 1985 and is based in Fort Lauderdale, Florida.

FIZZ Income Statement

2023-01-28

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 28, 2023	Jan. 29, 2022
Net sales	$ 268,483	$ 258,923	$ 886,233	$ 853,793
Cost of sales	173,561	165,124	591,914	533,738
Gross profit	94,922	93,799	294,319	320,055
Selling, general and administrative expenses	50,488	53,103	156,484	157,470
Operating income	44,434	40,696	137,835	162,585
Other income (expense)- net	482	(81)	484	(103)
Income before income taxes	44,916	40,615	138,319	162,482
Provision for income taxes	10,555	9,547	32,458	38,314
Net income	$ 34,361	$ 31,068	$ 105,861	$ 124,168
Earnings per common share:
Basic (in dollars per share)	$ 0.37	$ 0.33	$ 1.13	$ 1.33
Diluted (in dollars per share)	$ 0.37	$ 0.33	$ 1.13	$ 1.33
Weighted average common shares outstanding:
Basic (in shares)	93,353	93,329	93,345	93,319
Diluted (in shares)	93,611	93,611	93,604	93,608

FIZZ Balance Sheet

2023-01-28

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jan. 28, 2023	Apr. 30, 2022
Assets
Cash and equivalents	$ 118,324	$ 48,050
Trade receivables - net	97,104	93,592
Inventories	93,591	103,318
Prepaid and other assets	14,899	29,560
Total current assets	323,918	274,520
Property, plant and equipment - net	142,968	144,258
Right-of-use assets	38,844	29,251
Goodwill	13,145	13,145
Intangible assets	1,615	1,615
Other assets	5,904	5,015
Total assets	526,394	467,804
Liabilities and Shareholders' Equity
Accounts payable	68,988	95,299
Accrued liabilities	44,175	39,090
Short-term lease obligations	11,892	10,543
Income taxes payable	467	387
Total current liabilities	125,522	145,319
Long-term debt	0	30,000
Deferred income taxes net	24,589	23,823
Long-term lease obligations	28,987	20,703
Other liabilities	7,792	8,521
Total liabilities	186,890	228,366
Shareholders' equity:
Preferred stock, $1 par value - 1,000,000 shares authorized: Series C - 150,000 shares issued	150	150
Common stock, $.01 par value - 200,000,000 shares authorized; 101,727,058 shares issued (101,712,358 shares at April 30)	1,017	1,017
Additional paid-in capital	40,204	39,405
Retained earnings	322,042	216,181
Accumulated other comprehensive income	324	6,918
Total shareholders' equity	339,504	239,438
Total liabilities and shareholders' equity	526,394	467,804
Series C Preferred Stock [Member]
Shareholders' equity:
Treasury stock, value	(5,100)	(5,100)
Common Stock [Member]
Shareholders' equity:
Treasury stock, value	$ (19,133)	$ (19,133)