Boston Beer Stock Fair Value – BOSTON BEER Reports Positive Financial Results for Second Quarter of FY2023
August 22, 2023
☀️Earnings Overview
On June 30th 2023, BOSTON BEER ($NYSE:SAM) disclosed their financial results for the second quarter of FY2023. Total revenue for the period was USD 603.3 million, representing a 2.1% decline year-over-year. Nevertheless, net income rose 8.8% to USD 58.0 million.
Price History
Overall, these results demonstrate a strong financial performance for Boston Beer despite the current economic climate. The company attributed this success to a combination of cost savings initiatives, increased demand from consumers, and strategic product launches. Boston Beer continues to remain optimistic about the future, as they look to capitalize on their strong financial performance to drive further growth. 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 Stock Fair Value
At GoodWhale, our experts have been closely analyzing BOSTON BEER‘s fundamentals. We have determined that the fair value of BOSTON BEER share is around $609.3, which is calculated by our proprietary Valuation Line. This is significantly higher than the current stock price of $313.5. This indicates that the stock is currently undervalued by 48.5%. Thus, it may be a great opportunity for investors to buy BOSTON BEER’s stock at this time. More…
Peers
Boston Beer Co Inc is a leading American brewer that manufactures and sells beer and cider under the Samuel Adams, Angry Orchard, and Twisted Tea brands. The company competes with Anheuser-Busch InBev SA/NV, Molson Coors Beverage Co, and Constellation Brands Inc.
– Anheuser-Busch InBev SA/NV ($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
Investors should take a closer look at Boston Beer for the second quarter of FY2023. While overall revenue decreased 2.1% year-over-year, net income rose 8.8%. This indicates that the company is managing to remain profitable in a difficult market and could be a good investment option for those looking for stability. The strong net income figure could also suggest potential for future growth, so it is worth keeping a close eye on Boston Beer’s performance.
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