Boston Beer Intrinsic Stock Value – BOSTON BEER Reports Second Quarter FY2023 Earnings on June 30, 2023
August 23, 2023
🌥️Earnings Overview
On June 30, 2023, BOSTON BEER ($NYSE:SAM) reported their second quarter earnings for FY2023, ending on that date. Revenue decreased by 2.1% to USD 603.3 million compared to the same period in the previous year, however net income was up 8.8% to USD 58.0 million.
Share Price
At the start of the day, BOSTON BEER stock opened at $317.0 per share, but by the end of the day it had dropped by 0.2% to close at $313.5 per share, compared to its prior closing price of $314.2. Despite these positive changes, the share price fell due to the company’s increasing operating expenses and high interest costs. Overall, BOSTON BEER’s second quarter FY2023 earnings report showed some positive changes, but the company’s rising operational costs and high interest rates caused the stock price to decrease slightly. Moving forward, investors will be watching closely to see how BOSTON BEER responds to these increasing costs in order to improve their bottom line and maximize stock value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Boston Beer. More…
| Total Revenues | Net Income | Net Margin |
| 2.06k | 64.95 | 4.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boston Beer. More…
| Operations | Investing | Financing |
| 179.58 | -72.82 | -36.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boston Beer. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.49k | 405.36 | 88.85 |
Key Ratios Snapshot
Some of the financial key ratios for Boston Beer are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.0% | -13.3% | 5.7% |
| FCF Margin | ROE | ROA |
| 5.1% | 6.9% | 4.9% |
Analysis – Boston Beer Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of BOSTON BEER‘s fundamentals. Our proprietary Valuation Line has calculated the fair value of BOSTON BEER share to be around $605.7. However, the stock is currently traded at $313.5, representing a 48.2% undervaluation. Hence, it may be worth investing in BOSTON BEER at this time. More…
Peers
Boston Beer Co Inc is a leading American brewer that manufactures and sells beer and cider under the Samuel Adams, Angry Orchard, and Twisted Tea brands. The company competes with Anheuser-Busch InBev SA/NV, Molson Coors Beverage Co, and Constellation Brands Inc.
– Anheuser-Busch InBev SA/NV ($LTS:0RJI)
Anheuser-Busch InBev SA/NV, a Belgian-Brazilian multinational beverage and brewing company, is the world’s largest brewer. The company was formed through successive mergers of three international brewing groups: Interbrew from Belgium, AmBev from Brazil and Anheuser-Busch from the United States. It has a primary listing on the Euronext Brussels stock exchange and is a component of the Euro Stoxx 50 stock market index.
As of 2019, Anheuser-Busch InBev’s net sales totaled US$52.5 billion, with a gross profit of US$24.2 billion. The company’s operating income totaled US$11.9 billion, and its net income was US$9.3 billion. Its head office is in Leuven, Belgium.
– Molson Coors Beverage Co ($NYSE:TAP)
Molson Coors Beverage Co is a publicly traded company that operates in the brewing industry. The company has a market cap of 10.5B as of 2022 and a Return on Equity of 5.05%. The company’s primary operations are in the United States, Canada, and the United Kingdom. Molson Coors Brewing Company was founded in 1873 by John Molson in Montreal, Canada. The company produces a variety of beer brands including Coors Light, Miller Lite, Molson Canadian, and Carling.
– Constellation Brands Inc ($NYSE:STZ)
Constellation Brands Inc is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Canada, Mexico, Europe and Asia. The company’s products include some of the world’s best-known brands, such as Corona, Modelo Especial, Ballast Point and SVEDKA Vodka, as well as innovative new products such as High West Whiskey. Constellation Brands is dedicated to delivering exceptional service to its customers and driving sustainable growth for its shareholders.
Summary
Boston Beer Co. Inc. reported their earnings for the second quarter of FY2023 with a total revenue of USD 603.3 million, a slight decrease from the same period the previous year. Net income however, was up 8.8% year over year, amounting to USD 58.0 million. Investing in Boston Beer could be a potential opportunity due to their steady increase in net income as well as the company’s strong performance overall. The company’s stock may be worth looking into for investors who are looking for long-term growth and stability.
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