Splash Beverage Group (SBEV) AI Stock Analysis

• Market Cap: $3.30M
• Dividend Yield: N/A
• Average Volume (3M): 1.80M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.30
• Revenue Growth: -80.75%
• EPS Growth: -151.46%
• Country: US
• Employees: 32
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Alcoholic
• EPS (TTM): -4.47
• Shares Outstanding: 2,374,226
• 10 Day Avg. Volume: 193,310
• 30 Day Avg. Volume: 1,795,039
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.46
• Price to Sales (P/S): 2.07
• P/FCF Ratio: -1.08
• Enterprise Value/Market Cap: 3.45
• Enterprise Value/Revenue: 5.67
• Enterprise Value/Gross Profit: -7.91
• Enterprise Value/Ebitda: -0.62
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -12.4
• Revenue Forecast (FY): $13.49M

• Rating: 38 Underperform
• Price Target: $1.00 ▼(-44.75% Downside)

Splash Beverage Group's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, high leverage, and negative cash flows. Technical analysis indicates bearish momentum, further weighing on the score. The negative P/E ratio and lack of dividend yield also contribute to a low valuation score.

Positive Factors

Diverse Product Portfolio

A diverse product portfolio across alcoholic and non-alcoholic beverages allows Splash Beverage Group to tap into multiple market segments, enhancing resilience against sector-specific downturns and providing growth opportunities.

Strategic Partnerships

Strategic partnerships with distributors and retailers enhance market reach and product availability, which is vital for revenue growth and brand visibility in the competitive beverage industry.

Innovative Product Offerings

Offering innovative and refreshing beverage options helps Splash Beverage Group differentiate its products, potentially capturing consumer interest and driving long-term brand loyalty.

Negative Factors

High Leverage

High leverage and negative equity suggest financial instability, which can limit the company's ability to invest in growth opportunities and increase vulnerability to economic downturns.

Negative Cash Flows

Negative cash flows indicate inefficiencies in operations and could hinder the company's ability to sustain operations and fund future growth, posing a risk to long-term viability.

Declining Revenue

A significant decline in revenue and ongoing losses highlight challenges in market competitiveness and operational efficiency, necessitating strategic improvements to stabilize and grow the business.

Splash Beverage Group Business Overview & Revenue Model

Company Description

Splash Beverage Group (SBEV) is a dynamic beverage company focused on developing and distributing a diverse portfolio of beverage brands, including both alcoholic and non-alcoholic products. The company operates in various sectors of the beverage industry, targeting both the retail and hospitality markets. Core products include its flagship brands in the spirits and ready-to-drink categories, offering consumers innovative and refreshing options.

How the Company Makes Money

Splash Beverage Group generates revenue primarily through the sale of its beverage products to wholesalers, retailers, and directly to consumers. The company's revenue model is built on multiple key streams, including the distribution of its proprietary brands, partnerships with third-party beverage producers, and strategic collaborations that enhance market reach. Additionally, SBEV benefits from merchandising and promotional activities that drive brand visibility and sales. Significant partnerships with distributors and retailers play a crucial role in expanding its product availability and driving revenue growth.

Splash Beverage Group Financial Statement Overview

Summary

Splash Beverage Group is facing severe financial challenges. The income statement shows a significant revenue decline and persistent losses. The balance sheet indicates high leverage and negative equity, while cash flow issues highlight inefficiencies in generating positive cash flows. Strategic interventions are necessary to improve financial health.

Income Statement

Splash Beverage Group has experienced a significant decline in revenue, with a 33.6% drop in the most recent year. The company has consistently reported negative net profit margins, indicating ongoing losses. The gross profit margin has also deteriorated, reflecting challenges in managing costs relative to revenue. Overall, the income statement suggests substantial financial difficulties and a need for strategic improvements.

Balance Sheet

The balance sheet reveals a negative stockholders' equity, indicating potential solvency issues. The debt-to-equity ratio is negative, reflecting high leverage and financial instability. Return on equity is also negative, highlighting the company's inability to generate profits from shareholders' investments. The equity ratio is concerning, suggesting a weak financial position.

Cash Flow

The cash flow statement shows negative operating and free cash flows, indicating cash outflows from operations. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is unfavorable, suggesting inefficiencies in converting income into cash. The company faces significant challenges in generating positive cash flows, which could impact its ability to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.01M	4.16M	18.85M	18.09M	11.32M	2.30M
Gross Profit	-1.44M	355.45K	5.57M	5.92M	2.58M	363.59K
EBITDA	-18.32M	-15.84M	-14.76M	-20.45M	-28.67M	-17.47M
Net Income	-25.90M	-23.76M	-21.00M	-21.68M	-29.05M	-28.67M
Balance Sheet
Total Assets	22.24M	2.76M	9.90M	17.30M	16.39M	9.23M
Cash, Cash Equivalents and Short-Term Investments	17.21K	15.35K	379.98K	4.43M	4.18M	380.00K
Total Debt	4.24M	12.55M	9.35M	4.37M	5.04M	4.42M
Total Liabilities	13.52M	21.39M	15.50M	7.98M	7.51M	9.33M
Stockholders Equity	8.72M	-18.63M	-5.61M	9.32M	8.87M	-102.00K
Cash Flow
Free Cash Flow	-5.67M	-8.01M	-10.20M	-14.20M	-15.13M	-23.20M
Operating Cash Flow	-5.67M	-8.00M	-10.19M	-14.09M	-15.13M	-23.10M
Investing Cash Flow	0.00	-3.23K	-14.11K	-102.70K	0.00	-780.25K
Financing Cash Flow	5.62M	7.54M	6.15M	14.45M	18.93M	22.49M

Splash Beverage Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBEV, the sentiment is Negative. The current price of 1.81 is below the 20-day moving average (MA) of 1.83, below the 50-day MA of 1.97, and below the 200-day MA of 3.57, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 30.98 is Neutral, neither overbought nor oversold. The STOCH value of 6.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SBEV.

Splash Beverage Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAM	74 Outperform	$2.13B	23.58	9.58%	―	-1.13%	24.34%
CCU	70 Neutral	$2.35B	15.06	10.15%	3.71%	13.92%	32.69%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
TAP	56 Neutral	$8.74B	―	-17.66%	3.99%	-4.01%	-339.22%
SBEV	38 Underperform	$3.30M	―	―	―	-80.75%	-151.46%

Splash Beverage Group Corporate Events

Splash Beverage Group CEO Resignation Announcement

On October 31, 2025, Splash Beverage Group announced that CEO Robert Nistico will resign effective November 14, 2025, but will remain on the Board of Directors and work on special projects. During the 2025 Annual Meeting held the same day, stockholders voted on several proposals, including the election of directors and the approval of an equity incentive plan. The meeting was adjourned to further discuss a proposal to increase authorized common stock.

The most recent analyst rating on (SBEV) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Splash Beverage Group stock, see the SBEV Stock Forecast page.

Splash Beverage Group Raises $400,000 in Stock Sale

On August 9 and October 24, 2025, Splash Beverage Group sold shares of Series A-1 Convertible Redeemable Preferred Stock and accompanying warrants to two accredited investors, raising $400,000. The company plans to sell additional shares and warrants in November 2025. Additionally, Splash Beverage Group is updating its risk factors to inform investors about potential risks and uncertainties. The company is also focusing on integrating newly acquired water assets in Costa Rica, which presents challenges due to its foreign location and the need for significant investment in infrastructure and compliance with local regulations. These strategic moves are part of Splash Beverage Group’s broader growth strategy, which involves acquisitions and divestitures, but they come with risks such as management distraction, integration challenges, and potential failure to achieve anticipated benefits.

The most recent analyst rating on (SBEV) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on Splash Beverage Group stock, see the SBEV Stock Forecast page.

Splash Beverage Group Updates Bylaws for Voting Clarity

On October 13, 2025, Splash Beverage Group‘s Board approved amendments to the company’s Bylaws. These amendments clarify voting procedures, specifying that a majority of entitled votes is needed for stockholder actions, excluding broker non-votes from voting on such matters.

The most recent analyst rating on (SBEV) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Splash Beverage Group stock, see the SBEV Stock Forecast page.

Splash Beverage Group Approves 2025 Equity Incentive Plan

On September 25, 2025, Splash Beverage Group‘s Board of Directors approved the 2025 Equity Incentive Plan, which is pending shareholder approval. This plan, effective until 2035, aims to attract and retain talent by offering stock options and other incentives. Additionally, the Board adopted amendments to the company’s Bylaws to adjust quorum requirements and voting standards, effective immediately. These initiatives are designed to strengthen the company’s governance and operational framework.

The most recent analyst rating on (SBEV) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Splash Beverage Group stock, see the SBEV Stock Forecast page.

Splash Beverage Group Secures $2 Million Financing

On September 19, 2025, Splash Beverage Group entered into a Securities Purchase Agreement with two institutional investors, securing $2 million in financing through convertible promissory notes. These notes, maturing on September 22, 2026, are convertible into common stock and are secured by the company’s assets. Additionally, Splash Beverage Group established an Equity Line of Credit Agreement allowing for potential stock sales up to $35 million, subject to shareholder approval and regulatory compliance. The company also entered into a settlement agreement with Copa di Vino to resolve lawsuits, with installment payments beginning in November 2025.

The most recent analyst rating on (SBEV) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Splash Beverage Group stock, see the SBEV Stock Forecast page.

Splash Beverage Group Increases Authorized Common Stock

On August 29, 2025, Splash Beverage Group, Inc. held a special meeting where stockholders approved an amendment to increase the company’s authorized common stock from 7.5 million to 400 million shares. This decision, supported by approximately 92.02% of the votes, aims to enhance the company’s financial flexibility and potential for future growth.

The most recent analyst rating on (SBEV) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on Splash Beverage Group stock, see the SBEV Stock Forecast page.