National Beverage Corp (FIZZ) stock analysis

P/E above its 5-year median

National Beverage's P/E of 19.8 is above its own 5-year median of 18.3.

P/E below the industry

National Beverage's P/E of 19.8 is below the Beverages median of 32.8.

EV/EBITDA below its 5-year median

National Beverage's EV/EBITDA of 13.8 is below its 5-year median of 16.9.

P/B above the industry

National Beverage's price-to-book of 9.35 is above the Beverages median of 2.94.

Trading below fair value

The share price of $36.74 is below our fair value estimate of $42.31.

Margin of safety under 20%

The price is 13.2% below fair value, less than the 20% cushion we look for.

Revenue growing under 10% a year

Revenue grew 0.2% a year over the last three fiscal years, short of the 10% we look for.

EPS growing under 10% a year

Diluted EPS grew 8.8% a year over the last three fiscal years.

Earnings growth not accelerating

Net income grew -5.9% over the last twelve months, against a 5-year average of 1.1% a year.

Growing slower than the industry

Revenue grew -1.8% over the last twelve months; the Beverages median is 4.5%.

Company guidance

No outlook found in earnings releases from the last twelve months.

Gross margin slipping

Gross margin was 36.2% over the last twelve months, against 37.2% a year earlier.

Return on equity over 15%

Return on equity was 40.1% over the last twelve months and averaged 41.8% over five years.

Return on capital over 10%

Return on invested capital was 64.6%, above the 10% that usually covers the cost of capital.

Return on equity above the industry

National Beverage's return on equity of 40.1% is above the Beverages median of 12.6%.

Earnings grew over 5 years

Net income grew 1.1% a year on average over the last five fiscal years.

Net margin above its 5-year average

Net margin was 14.8% over the last twelve months, against a 5-year average of 14.4%.

Net margin above the industry

National Beverage's net margin of 14.8% is above the Beverages median of 7.3%.

No debt

National Beverage has no borrowings on its latest balance sheet.

Debt not rising

With no debt today, leverage cannot have risen.

Debt covered by cash flow

There is no debt to cover.

Interest well covered

No meaningful interest expense to cover.

Short-term assets cover short-term debts

Current assets are 2.39 times current liabilities.

Low bankruptcy risk

The Altman Z-score is 14.10; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

National Beverage paid dividends worth 8.8% of the share price over the last twelve months.

Yield above Treasuries

The 8.8% yield is above the 4.4% on a 1-year Treasury.

Yield in the top quarter

The top quarter of US dividend payers yield 3.8% or more; National Beverage yields 8.8%.

Dividend stability

Fewer than five years of dividend history.

Not covered by earnings

Dividends take 174% of net income, leaving little room.

Not covered by free cash flow

Dividends take 188% of free cash flow.