National Beverage (FIZZ) AI Stock Analysis

• Market Cap: $4.46B
• Dividend Yield: N/A
• Average Volume (3M): 188.63K
• Price to Earnings (P/E): 23.9
• Beta (1Y): 0.28
• Revenue Growth: 0.81%
• EPS Growth: 5.51%
• Country: US
• Employees: 1,559
• Sector: Consumer Defensive
• Sector Strength: 54
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 0.48
• Shares Outstanding: 93,620,250
• 10 Day Avg. Volume: 168,287
• 30 Day Avg. Volume: 188,626
• PEG Ratio: 44.86
• Price to Book (P/B): 9.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 24.71
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 0.86
• Enterprise Value/Gross Profit: 9.21
• Enterprise Value/Ebitda: 4.12
• 1Y Price Target: $45.00
• Price Target Upside: -5.64% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 76 Outperform
• Price Target: $51.00 ▲(6.94%Upside)

National Beverage's robust financial performance and positive technical indicators contribute significantly to its score. The stock's moderate valuation suggests potential for growth, though the absence of a dividend and lack of earnings call data are notable gaps.

National Beverage Business Overview & Revenue Model

Company Description

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 Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr. Pure brands. It also offers carbonated soft drinks under the Shasta and Faygo brands. The company serves retailers, as well as various smaller up-and-down-the-street accounts through the take-home, convenience, and food-service distribution channels. National Beverage Corp. was incorporated in 1985 and is based in Fort Lauderdale, Florida.

How the Company Makes Money

National Beverage Corp. generates revenue through the production, marketing, and distribution of its diverse portfolio of beverage products. The company's primary revenue stream comes from sales of its LaCroix brand, which has seen substantial growth due to increasing demand for healthier beverage options. Additionally, National Beverage benefits from its other brands, such as Shasta and Faygo, which contribute to its earnings through their presence in the carbonated soft drink market. The company sells its products through a combination of direct-store delivery and warehouse distribution, catering to a wide range of retail channels including grocery stores, convenience stores, and online platforms. Strategic marketing initiatives and a focus on consumer trends towards health and wellness have been significant factors in driving the company's sales and profitability.

National Beverage Financial Statement Overview

Summary

National Beverage demonstrates strong revenue and profit growth with efficient management of debt and equity. The company shows consistent cash generation, although recent declines in cash reserves suggest a need for careful cash management.

Income Statement

National Beverage shows strong revenue growth with a steady increase from $1,000 million in 2020 to $1,201 million in 2025, reflecting a positive growth trajectory. The gross profit margin is robust, maintaining above 36% consistently. The net profit margin improved from 12.97% in 2020 to 15.55% in 2025, indicating enhanced profitability. However, EBIT margin shows minor fluctuations, suggesting some variability in operating efficiency.

Balance Sheet

The company maintains a healthy debt-to-equity ratio, remaining below 0.2, showcasing prudent financial leverage. The return on equity increased from 28.74% in 2020 to 42.09% in 2025, indicating efficient use of equity. However, the equity ratio declined from 69.76% in 2020 to 65.99% in 2025, suggesting a slight increase in leverage over the years.

Cash Flow

Free cash flow shows consistent growth, demonstrating the company's ability to generate cash effectively. The operating cash flow to net income ratio remains strong, suggesting good cash generation relative to net income. However, a decline in cash and equivalents from 2024 to 2025 indicates potential cash management concerns.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	1.20B	1.19B	1.17B	1.14B	1.07B
Gross Profit	443.94M	428.45M	396.79M	417.81M	421.62M
EBITDA	256.26M	238.67M	219.97M	207.86M	258.98M
Net Income	186.82M	176.73M	142.16M	158.51M	174.15M
Balance Sheet
Total Assets	672.86M	770.15M	574.34M	467.80M	557.24M
Cash, Cash Equivalents and Short-Term Investments	193.84M	327.05M	158.07M	48.05M	193.59M
Total Debt	72.12M	54.77M	41.53M	61.25M	43.64M
Total Liabilities	228.86M	210.64M	201.85M	228.37M	201.24M
Stockholders Equity	444.00M	559.51M	372.49M	239.44M	356.00M
Cash Flow
Free Cash Flow	170.41M	167.61M	139.69M	104.12M	168.46M
Operating Cash Flow	206.70M	197.91M	161.66M	133.13M	193.77M
Investing Cash Flow	-36.27M	-30.25M	-21.95M	-29.00M	-25.31M
Financing Cash Flow	-303.63M	1.31M	-29.69M	-249.67M	-279.38M

National Beverage Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 47.69
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIZZ, the sentiment is Positive. The current price of 47.69 is above the 20-day moving average (MA) of 45.25, above the 50-day MA of 44.96, and above the 200-day MA of 44.15, indicating a bullish trend. The MACD of 0.68 indicates Negative momentum. The RSI at 63.27 is Neutral, neither overbought nor oversold. The STOCH value of 91.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FIZZ.

National Beverage Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
COCO	78 Outperform	$2.22B	38.41	24.86%	―	8.01%	11.26%
FIZZ	76 Outperform	$4.46B	23.91	37.23%	―	0.81%	5.51%
AKO.A	75 Outperform	$3.29B	12.07	23.07%	5.15%	13.22%	11.37%
KOF	73 Outperform	$4.49B	14.40	17.12%	4.75%	1.54%	4.48%
Sector *	61 Neutral	HK$21.05B	12.25	0.81%	4.52%	2.72%	-47.45%
ZVIA	54 Neutral	$241.22M	―	-28.87%	―	-6.83%	19.09%
OTLY	48 Neutral	$455.80M	―	-114.20%	―	4.47%	42.22%