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

FIZZ EPS (Earnings per Share)

EPS Growth (3Y CAGR): -54.79%
EPS Trend (3Y Correlation): -21.3%

FIZZ Revenue

Revenue Growth (3Y CAGR): 3.63%
Revenue Trend (3Y Correlation): 29.8%

Risk via 10d forecast
Volatility	27.2%
Value at Risk 5%th	41.6%

Reward
Sharpe Ratio	-1.59
Alpha Jensen	-44.35

Character
Hurst Exponent	0.355
Beta	0.589

Drawdowns 3y
Max DD	38.55%
Mean DD	13.48%

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.

FIZZ Stock Overview

Market Cap in USD	3,116m
Sub-Industry	Soft Drinks & Non-alcoholic Beverages
IPO / Inception	1991-09-06
Return 12m vs S&P 500	-43.4%
Analyst Rating	1.0 of 5

FIZZ Dividends

Currently no dividends paid

FIZZ Growth Ratios

CAGR	-13.28%
CAGR/Max DD Calmar Ratio	-0.34
CAGR/Mean DD Pain Ratio	-0.98
Current Volume	213.2k
Average Volume	252.9k

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (185.8m TTM) > 0 and > 6% of Revenue (6% = 72.1m TTM)

FCFTA 0.23 (>2.0%) and ΔFCFTA -6.60pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 27.38% (prev 12.18%; Δ 15.21pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.28 (>3.0%) and CFO 208.3m > Net Income 185.8m (YES >=105%, WARN >=100%)

Net Debt (-179.9m) to EBITDA (254.6m) ratio: -0.71 <= 3.0 (WARN <= 3.5)

Current Ratio 3.24 (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 0.03% (target <= -2.0% for YES)

Gross Margin 37.17% (prev 36.64%; Δ 0.54pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 190.8% (prev 229.0%; Δ -38.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -2.89 (EBITDA TTM 254.6m / Interest Expense TTM -62.6m) >= 6 (WARN >= 3)

Altman Z'' 9.04

(A) 0.45 = (Total Current Assets 476.1m - Total Current Liabilities 146.9m) / Total Assets 737.8m

(B) 0.64 = Retained Earnings (Balance) 473.5m / Total Assets 737.8m

(D) 1.99 = Book Value of Equity 465.2m / Total Liabilities 233.6m

Total Rating: 9.04 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 77.19

1. Piotroski 4.50pt = -0.50

2. FCF Yield 5.88% = 2.94

3. FCF Margin 14.36% = 3.59

4. Debt/Equity 0.14 = 2.49

5. Debt/Ebitda -0.71 = 2.50

6. ROIC - WACC (= 24.36)% = 12.50

7. RoE 43.50% = 2.50

8. Rev. Trend 29.80% = 2.24

9. EPS Trend -21.34% = -1.07

What is the price of FIZZ shares?

As of November 14, 2025, the stock is trading at USD 32.84 with a total of 213,234 shares traded.
Over the past week, the price has changed by -1.97%, over one month by -9.28%, over three months by -29.12% and over the past year by -34.36%.

Is National Beverage a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, National Beverage (NASDAQ:FIZZ) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 77.19 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FIZZ is around 28.40 USD . This means that FIZZ is currently overvalued and has a potential downside of -13.52%.

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	39	18.8%
Analysts Target Price	39	18.8%
ValueRay Target Price	31.5	-4%

FIZZ Fundamental Data Overview November 04, 2025

Market Cap USD = 3.12b (3.12b USD * 1.0 USD.USD)
P/E Trailing = 16.8081
P/E Forward = 18.4843
P/S = 2.5912
P/B = 7.005
P/EG = 4.0188
Beta = 0.589
Revenue TTM = 1.20b USD
EBIT TTM = 181.1m USD
EBITDA TTM = 254.6m USD
Long Term Debt = 69.9m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 15.0m USD (from shortTermDebt, last quarter)
Debt = 69.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -179.9m USD (from netDebt column, last quarter)
Enterprise Value = 2.94b USD (3.12b + Debt 69.9m - CCE 249.8m)
Interest Coverage Ratio = -2.89 (Ebit TTM 181.1m / Interest Expense TTM -62.6m)
FCF Yield = 5.88% (FCF TTM 172.6m / Enterprise Value 2.94b)
FCF Margin = 14.36% (FCF TTM 172.6m / Revenue TTM 1.20b)
Net Margin = 15.45% (Net Income TTM 185.8m / Revenue TTM 1.20b)
Gross Margin = 37.17% ((Revenue TTM 1.20b - Cost of Revenue TTM 755.4m) / Revenue TTM)
Gross Margin QoQ = 37.96% (prev 36.10%)
Tobins Q-Ratio = 3.98 (Enterprise Value 2.94b / Total Assets 737.8m)
Interest Expense / Debt = 1.04% (Interest Expense 726.0k / Debt 69.9m)
Taxrate = 23.63% (17.3m / 73.0m)
NOPAT = 138.3m (EBIT 181.1m * (1 - 23.63%))
Current Ratio = 3.24 (Total Current Assets 476.1m / Total Current Liabilities 146.9m)
Debt / Equity = 0.14 (Debt 69.9m / totalStockholderEquity, last quarter 504.1m)
Debt / EBITDA = -0.71 (Net Debt -179.9m / EBITDA 254.6m)
Debt / FCF = -1.04 (Net Debt -179.9m / FCF TTM 172.6m)
Total Stockholder Equity = 427.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 25.18% (Net Income 185.8m / Total Assets 737.8m)
RoE = 43.50% (Net Income TTM 185.8m / Total Stockholder Equity 427.1m)
RoCE = 36.43% (EBIT 181.1m / Capital Employed (Equity 427.1m + L.T.Debt 69.9m))
RoIC = 32.39% (NOPAT 138.3m / Invested Capital 427.0m)
WACC = 8.03% (E(3.12b)/V(3.19b) * Re(8.19%) + D(69.9m)/V(3.19b) * Rd(1.04%) * (1-Tc(0.24)))
Discount Rate = 8.19% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.05%
[DCF Debug] Terminal Value 79.05% ; FCFE base≈166.3m ; Y1≈181.8m ; Y5≈230.7m
Fair Price DCF = 41.74 (DCF Value 3.91b / Shares Outstanding 93.6m; 5y FCF grow 10.68% → 3.0% )
EPS Correlation: -21.34 | EPS CAGR: -54.79% | SUE: -4.0 | # QB: 0
Revenue Correlation: 29.80 | Revenue CAGR: 3.63% | SUE: -1.68 | # QB: 0

Additional Sources for FIZZ Stock

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