Overview Dividends

(FIZZ) National Beverage - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6350171061

Sparkling Water, Juice, Energy Drink, Soda

Soft Drinks & Non-alcoholic Beverages
Market Cap in USD: 3,026m

IPO / Inception: 1991-09-06
Return 12m vs S&P 500: -36.0%

EPS (Earnings per Share)

EPS CAGR: 11.12%
EPS Trend: 75.8%

Last SUE: -1.11
Qual. Beats: 0

Revenue

Rev. CAGR: 2.91%
Rev. Trend: 29.6%

Last SUE: -0.43
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	26.2%
Value at Risk 5%th	39.9%
Relative Tail Risk	-7.61%

Reward TTM
Sharpe Ratio	-1.19
Alpha	-32.50
CAGR/Max DD	-0.24

Character TTM
Hurst Exponent	0.422
Beta	0.088
Beta Downside	-0.367

Drawdowns 3y
Max DD	39.72%
Mean DD	13.70%
Median DD	12.99%

Description: FIZZ National Beverage November 07, 2025

National Beverage Corp. (NASDAQ:FIZZ) manufactures and markets a diversified portfolio of non-alcoholic beverages-including LaCroix sparkling water, Clear Fruit non-carbonated water, Rip It energy drinks, Everfresh juices, and Shasta/Faygo carbonated soft drinks-across the United States and Canada. The products are sold through traditional retail, convenience, and food-service channels, as well as smaller “up-and-down-the-street” accounts. The company, founded in 1985 and headquartered in Fort Lauderdale, Florida, operates as a subsidiary of IBS Partners, Ltd.

Key operating metrics (FY 2024, company-reported) show revenue of roughly **$2.5 billion**, a **gross margin of 38%**, and a **net profit margin near 5%**, reflecting the relatively low-cost base of its private-label and legacy brands. The business is moderately sensitive to **commodity price volatility** (e.g., sugar, aluminum) and **inflation-driven consumer price elasticity**, but benefits from the **steady growth of the premium sparkling-water segment**, which has averaged **6-8% annual volume expansion** across the U.S. market (industry base rate). Distribution efficiency remains a strategic lever: the company’s “take-home” channel accounts for ~55% of sales, while “food-service” contributes ~15%, indicating exposure to both consumer-direct and out-of-home spending cycles.

For a data-driven deep-dive into FIZZ’s valuation sensitivities, peer benchmarks, and scenario analysis, the ValueRay platform offers a transparent, model-based toolkit that can help you quantify the upside and downside risks more rigorously.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (186.5m TTM) > 0 and > 6% of Revenue (6% = 72.0m TTM)

FCFTA 0.21 (>2.0%) and ΔFCFTA -9.16pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 31.41% (prev 16.56%; Δ 14.84pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.26 (>3.0%) and CFO 191.4m > Net Income 186.5m (YES >=105%, WARN >=100%)

Net Debt (-203.1m) to EBITDA (258.2m) ratio: -0.79 <= 3.0 (WARN <= 3.5)

Current Ratio 4.28 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (93.7m) change vs 12m ago -0.00% (target <= -2.0% for YES)

Gross Margin 37.25% (prev 37.04%; Δ 0.21pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 183.6% (prev 213.1%; Δ -29.49pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -29.91 (EBITDA TTM 258.2m / Interest Expense TTM -7.92m) >= 6 (WARN >= 3)

Altman Z'' 10.82

(A) 0.50 = (Total Current Assets 491.4m - Total Current Liabilities 114.7m) / Total Assets 749.0m

(B) 0.69 = Retained Earnings (Balance) 519.9m / Total Assets 749.0m

(D) 2.69 = Book Value of Equity 531.8m / Total Liabilities 197.7m

Total Rating: 10.82 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 81.05

1. Piotroski 4.0pt

2. FCF Yield 5.56%

3. FCF Margin 13.07%

4. Debt/Equity 0.12

5. Debt/Ebitda -0.79

6. ROIC - WACC (= 31.89)%

7. RoE 39.28%

8. Rev. Trend 29.60%

9. EPS Trend 75.76%

What is the price of FIZZ shares?

As of December 30, 2025, the stock is trading at USD 32.32 with a total of 288,372 shares traded.
Over the past week, the price has changed by +0.28%, over one month by -5.11%, over three months by -12.34% and over the past year by -23.95%.

Is FIZZ a buy, sell or hold?

National Beverage has received a consensus analysts rating of 1.00. Therefor, it is recommend to sell FIZZ.

Strong Buy: 0
Buy: 0
Hold: 0
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the FIZZ price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	35	8.3%
Analysts Target Price	35	8.3%
ValueRay Target Price	31.5	-2.4%

FIZZ Fundamental Data Overview December 23, 2025

Market Cap USD = 3.03b (3.03b USD * 1.0 USD.USD)
P/E Trailing = 16.2412
P/E Forward = 15.8479
P/S = 2.5228
P/B = 5.4911
P/EG = 4.0188
Beta = 0.482
Revenue TTM = 1.20b USD
EBIT TTM = 236.9m USD
EBITDA TTM = 258.2m USD
Long Term Debt = 66.2m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 15.0m USD (from shortTermDebt, last quarter)
Debt = 66.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -203.1m USD (from netDebt column, last quarter)
Enterprise Value = 2.82b USD (3.03b + Debt 66.2m - CCE 269.3m)
Interest Coverage Ratio = -29.91 (Ebit TTM 236.9m / Interest Expense TTM -7.92m)
FCF Yield = 5.56% (FCF TTM 156.8m / Enterprise Value 2.82b)
FCF Margin = 13.07% (FCF TTM 156.8m / Revenue TTM 1.20b)
Net Margin = 15.55% (Net Income TTM 186.5m / Revenue TTM 1.20b)
Gross Margin = 37.25% ((Revenue TTM 1.20b - Cost of Revenue TTM 752.7m) / Revenue TTM)
Gross Margin QoQ = 37.87% (prev 37.96%)
Tobins Q-Ratio = 3.77 (Enterprise Value 2.82b / Total Assets 749.0m)
Interest Expense / Debt = 1.10% (Interest Expense 726.0k / Debt 66.2m)
Taxrate = 23.62% (14.3m / 60.7m)
NOPAT = 180.9m (EBIT 236.9m * (1 - 23.62%))
Current Ratio = 4.28 (Total Current Assets 491.4m / Total Current Liabilities 114.7m)
Debt / Equity = 0.12 (Debt 66.2m / totalStockholderEquity, last quarter 551.3m)
Debt / EBITDA = -0.79 (Net Debt -203.1m / EBITDA 258.2m)
Debt / FCF = -1.30 (Net Debt -203.1m / FCF TTM 156.8m)
Total Stockholder Equity = 474.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 24.90% (Net Income 186.5m / Total Assets 749.0m)
RoE = 39.28% (Net Income TTM 186.5m / Total Stockholder Equity 474.9m)
RoCE = 43.78% (EBIT 236.9m / Capital Employed (Equity 474.9m + L.T.Debt 66.2m))
RoIC = 38.11% (NOPAT 180.9m / Invested Capital 474.8m)
WACC = 6.22% (E(3.03b)/V(3.09b) * Re(6.34%) + D(66.2m)/V(3.09b) * Rd(1.10%) * (1-Tc(0.24)))
Discount Rate = 6.34% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 33.33 | Cagr: 0.04%
[DCF Debug] Terminal Value 79.54% ; FCFE base≈161.2m ; Y1≈176.3m ; Y5≈223.7m
Fair Price DCF = 41.60 (DCF Value 3.89b / Shares Outstanding 93.6m; 5y FCF grow 10.68% → 3.0% )
EPS Correlation: 75.76 | EPS CAGR: 11.12% | SUE: -1.11 | # QB: 0
Revenue Correlation: 29.60 | Revenue CAGR: 2.91% | SUE: -0.43 | # QB: 0
EPS next Quarter (2026-01-31): EPS=0.44 | Chg30d=-0.013 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-04-30): EPS=2.03 | Chg30d=-0.015 | Revisions Net=-1 | Growth EPS=+1.8% | Growth Revenue=-0.2%
EPS next Year (2027-04-30): EPS=2.06 | Chg30d=-0.047 | Revisions Net=-1 | Growth EPS=+1.7% | Growth Revenue=+0.9%

Additional Sources for FIZZ Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle