Intrinsic value of National Beverage - FIZZ

Previous Close

$98.23

  Intrinsic Value

$221.80

stock screener

  Rating & Target

str. buy

+126%

Previous close

$98.23

 
Intrinsic value

$221.80

 
Up/down potential

+126%

 
Rating

str. buy

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of FIZZ stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

Please visit our new site that uses elements of artificial intelligence for stock valuation: artificial intelligence value of National Beverage (FIZZ) stock.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  17.30
  20.20
  18.68
  17.31
  16.08
  14.97
  13.98
  13.08
  12.27
  11.54
  10.89
  10.30
  9.77
  9.29
  8.86
  8.48
  8.13
  7.82
  7.53
  7.28
  7.05
  6.85
  6.66
  6.50
  6.35
  6.21
  6.09
  5.98
  5.88
  5.80
  5.72
Revenue, $m
  827
  994
  1,180
  1,384
  1,607
  1,847
  2,105
  2,381
  2,673
  2,981
  3,306
  3,646
  4,002
  4,374
  4,762
  5,166
  5,586
  6,022
  6,476
  6,948
  7,438
  7,947
  8,477
  9,027
  9,600
  10,197
  10,818
  11,465
  12,140
  12,843
  13,577
Variable operating expenses, $m
 
  423
  502
  589
  683
  785
  895
  1,012
  1,136
  1,267
  1,404
  1,548
  1,699
  1,857
  2,021
  2,193
  2,371
  2,556
  2,749
  2,949
  3,157
  3,373
  3,598
  3,831
  4,075
  4,328
  4,591
  4,866
  5,152
  5,451
  5,763
Fixed operating expenses, $m
 
  328
  336
  345
  353
  362
  371
  380
  390
  400
  410
  420
  430
  441
  452
  463
  475
  487
  499
  512
  524
  537
  551
  565
  579
  593
  608
  623
  639
  655
  671
Total operating expenses, $m
  664
  751
  838
  934
  1,036
  1,147
  1,266
  1,392
  1,526
  1,667
  1,814
  1,968
  2,129
  2,298
  2,473
  2,656
  2,846
  3,043
  3,248
  3,461
  3,681
  3,910
  4,149
  4,396
  4,654
  4,921
  5,199
  5,489
  5,791
  6,106
  6,434
Operating income, $m
  163
  243
  342
  451
  570
  700
  839
  988
  1,147
  1,315
  1,492
  1,679
  1,873
  2,077
  2,289
  2,510
  2,740
  2,979
  3,228
  3,487
  3,757
  4,037
  4,328
  4,631
  4,947
  5,276
  5,618
  5,976
  6,348
  6,737
  7,143
EBITDA, $m
  176
  257
  358
  470
  593
  725
  868
  1,021
  1,184
  1,355
  1,537
  1,727
  1,926
  2,134
  2,352
  2,578
  2,814
  3,059
  3,314
  3,579
  3,855
  4,141
  4,440
  4,750
  5,073
  5,410
  5,761
  6,127
  6,508
  6,906
  7,322
Interest expense (income), $m
  0
  0
  1
  2
  3
  4
  5
  6
  7
  8
  10
  11
  13
  14
  16
  18
  20
  22
  24
  26
  28
  30
  33
  35
  37
  40
  43
  46
  49
  52
  55
Earnings before tax, $m
  163
  243
  341
  449
  568
  696
  835
  983
  1,140
  1,306
  1,482
  1,667
  1,860
  2,062
  2,273
  2,492
  2,720
  2,958
  3,205
  3,462
  3,729
  4,007
  4,296
  4,596
  4,909
  5,236
  5,576
  5,930
  6,300
  6,686
  7,089
Tax expense, $m
  56
  66
  92
  121
  153
  188
  225
  265
  308
  353
  400
  450
  502
  557
  614
  673
  734
  799
  865
  935
  1,007
  1,082
  1,160
  1,241
  1,326
  1,414
  1,505
  1,601
  1,701
  1,805
  1,914
Net income, $m
  107
  177
  249
  328
  414
  508
  609
  717
  832
  954
  1,082
  1,217
  1,358
  1,505
  1,659
  1,819
  1,986
  2,159
  2,339
  2,527
  2,722
  2,925
  3,136
  3,355
  3,584
  3,822
  4,070
  4,329
  4,599
  4,881
  5,175

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  136
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  354
  262
  311
  365
  423
  487
  555
  627
  704
  786
  871
  961
  1,055
  1,153
  1,255
  1,362
  1,472
  1,587
  1,707
  1,831
  1,960
  2,095
  2,234
  2,379
  2,530
  2,688
  2,851
  3,022
  3,200
  3,385
  3,579
Adjusted assets (=assets-cash), $m
  218
  262
  311
  365
  423
  487
  555
  627
  704
  786
  871
  961
  1,055
  1,153
  1,255
  1,362
  1,472
  1,587
  1,707
  1,831
  1,960
  2,095
  2,234
  2,379
  2,530
  2,688
  2,851
  3,022
  3,200
  3,385
  3,579
Revenue / Adjusted assets
  3.794
  3.794
  3.794
  3.792
  3.799
  3.793
  3.793
  3.797
  3.797
  3.793
  3.796
  3.794
  3.793
  3.794
  3.794
  3.793
  3.795
  3.795
  3.794
  3.795
  3.795
  3.793
  3.795
  3.794
  3.794
  3.794
  3.794
  3.794
  3.794
  3.794
  3.794
Average production assets, $m
  66
  79
  93
  109
  127
  146
  166
  188
  211
  236
  261
  288
  316
  346
  376
  408
  441
  476
  512
  549
  588
  628
  670
  713
  758
  806
  855
  906
  959
  1,015
  1,073
Working capital, $m
  181
  54
  64
  75
  87
  100
  114
  129
  144
  161
  179
  197
  216
  236
  257
  279
  302
  325
  350
  375
  402
  429
  458
  487
  518
  551
  584
  619
  656
  694
  733
Total debt, $m
  0
  22
  46
  73
  102
  133
  167
  203
  241
  281
  323
  368
  414
  463
  513
  566
  621
  678
  737
  798
  862
  929
  998
  1,070
  1,145
  1,222
  1,303
  1,388
  1,476
  1,568
  1,663
Total liabilities, $m
  108
  130
  154
  181
  210
  241
  275
  311
  349
  389
  431
  476
  522
  571
  621
  674
  729
  786
  845
  906
  970
  1,037
  1,106
  1,178
  1,253
  1,330
  1,411
  1,496
  1,584
  1,676
  1,771
Total equity, $m
  246
  132
  157
  184
  214
  246
  280
  317
  356
  397
  440
  485
  533
  582
  634
  688
  743
  802
  862
  925
  990
  1,058
  1,128
  1,202
  1,278
  1,357
  1,440
  1,526
  1,616
  1,709
  1,807
Total liabilities and equity, $m
  354
  262
  311
  365
  424
  487
  555
  628
  705
  786
  871
  961
  1,055
  1,153
  1,255
  1,362
  1,472
  1,588
  1,707
  1,831
  1,960
  2,095
  2,234
  2,380
  2,531
  2,687
  2,851
  3,022
  3,200
  3,385
  3,578
Debt-to-equity ratio
  0.000
  0.160
  0.290
  0.390
  0.480
  0.540
  0.590
  0.640
  0.680
  0.710
  0.730
  0.760
  0.780
  0.790
  0.810
  0.820
  0.830
  0.850
  0.850
  0.860
  0.870
  0.880
  0.880
  0.890
  0.900
  0.900
  0.910
  0.910
  0.910
  0.920
  0.920
Adjusted equity ratio
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505
  0.505

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  107
  177
  249
  328
  414
  508
  609
  717
  832
  954
  1,082
  1,217
  1,358
  1,505
  1,659
  1,819
  1,986
  2,159
  2,339
  2,527
  2,722
  2,925
  3,136
  3,355
  3,584
  3,822
  4,070
  4,329
  4,599
  4,881
  5,175
Depreciation, amort., depletion, $m
  13
  14
  17
  20
  22
  26
  29
  33
  36
  41
  45
  48
  53
  58
  63
  68
  74
  79
  85
  91
  98
  105
  112
  119
  126
  134
  142
  151
  160
  169
  179
Funds from operations, $m
  106
  192
  266
  347
  437
  534
  638
  750
  869
  994
  1,127
  1,265
  1,411
  1,563
  1,722
  1,887
  2,059
  2,238
  2,425
  2,618
  2,820
  3,029
  3,247
  3,474
  3,710
  3,956
  4,213
  4,480
  4,759
  5,050
  5,353
Change in working capital, $m
  -8
  9
  10
  11
  12
  13
  14
  15
  16
  17
  18
  18
  19
  20
  21
  22
  23
  24
  25
  25
  26
  28
  29
  30
  31
  32
  34
  35
  36
  38
  40
Cash from operations, $m
  114
  183
  256
  336
  425
  521
  624
  735
  853
  978
  1,109
  1,247
  1,392
  1,543
  1,701
  1,865
  2,037
  2,215
  2,400
  2,593
  2,793
  3,002
  3,219
  3,444
  3,679
  3,924
  4,179
  4,445
  4,722
  5,012
  5,314
Maintenance CAPEX, $m
  0
  -11
  -13
  -16
  -18
  -21
  -24
  -28
  -31
  -35
  -39
  -44
  -48
  -53
  -58
  -63
  -68
  -74
  -79
  -85
  -91
  -98
  -105
  -112
  -119
  -126
  -134
  -142
  -151
  -160
  -169
New CAPEX, $m
  -14
  -13
  -15
  -16
  -18
  -19
  -20
  -22
  -23
  -24
  -26
  -27
  -28
  -29
  -31
  -32
  -33
  -34
  -36
  -37
  -39
  -40
  -42
  -44
  -45
  -47
  -49
  -51
  -53
  -56
  -58
Cash from investing activities, $m
  -14
  -24
  -28
  -32
  -36
  -40
  -44
  -50
  -54
  -59
  -65
  -71
  -76
  -82
  -89
  -95
  -101
  -108
  -115
  -122
  -130
  -138
  -147
  -156
  -164
  -173
  -183
  -193
  -204
  -216
  -227
Free cash flow, $m
  100
  159
  228
  305
  389
  481
  580
  686
  799
  918
  1,044
  1,176
  1,315
  1,461
  1,613
  1,771
  1,935
  2,107
  2,285
  2,470
  2,663
  2,864
  3,072
  3,289
  3,515
  3,751
  3,996
  4,251
  4,518
  4,796
  5,087
Issuance/(repayment) of debt, $m
  0
  22
  24
  27
  29
  31
  34
  36
  38
  40
  42
  44
  46
  49
  51
  53
  55
  57
  59
  62
  64
  66
  69
  72
  75
  78
  81
  84
  88
  92
  96
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1
  22
  24
  27
  29
  31
  34
  36
  38
  40
  42
  44
  46
  49
  51
  53
  55
  57
  59
  62
  64
  66
  69
  72
  75
  78
  81
  84
  88
  92
  96
Total cash flow (excl. dividends), $m
  101
  180
  252
  331
  418
  512
  613
  722
  837
  958
  1,087
  1,221
  1,362
  1,509
  1,663
  1,823
  1,990
  2,164
  2,344
  2,532
  2,727
  2,930
  3,141
  3,361
  3,590
  3,828
  4,077
  4,336
  4,606
  4,888
  5,183
Retained Cash Flow (-), $m
  -40
  -22
  -25
  -27
  -30
  -32
  -34
  -37
  -39
  -41
  -43
  -45
  -47
  -50
  -52
  -54
  -56
  -58
  -60
  -63
  -65
  -68
  -70
  -73
  -76
  -79
  -83
  -86
  -90
  -94
  -98
Prev. year cash balance distribution, $m
 
  136
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  294
  227
  304
  388
  480
  579
  685
  798
  917
  1,043
  1,176
  1,315
  1,460
  1,612
  1,770
  1,934
  2,106
  2,284
  2,469
  2,662
  2,862
  3,071
  3,288
  3,514
  3,749
  3,994
  4,250
  4,516
  4,794
  5,085
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  282
  208
  265
  320
  372
  420
  463
  499
  527
  547
  558
  561
  555
  541
  520
  492
  458
  421
  380
  338
  296
  255
  215
  179
  146
  117
  91
  70
  52
  38
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company's brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options. In addition, the Company produces soft drinks for certain retailers, such as allied brands. The Company's portfolio of Power+ Brands includes LaCroix, LaCroix Curate, LaCroix NiCola and Shasta sparkling water products; Rip It energy drinks and shots, and Everfresh, Everfresh Premier Varietals and Mr. Pure juice and juice-based products. The Company's carbonated soft drinks include Shasta and Faygo, iconic brands. The Company had, as of April 30, 2016, 12 production facilities located near metropolitan markets across the continental United States.

FINANCIAL RATIOS  of  National Beverage (FIZZ)

Valuation Ratios
P/E Ratio 42.8
Price to Sales 5.5
Price to Book 18.6
Price to Tangible Book
Price to Cash Flow 40.1
Price to Free Cash Flow 45.8
Growth Rates
Sales Growth Rate 17.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 16.7%
Cap. Spend. - 3 Yr. Gr. Rate 3.1%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 32.4%
Ret/ On Assets - 3 Yr. Avg. 25.1%
Return On Total Capital 47.3%
Ret/ On T. Cap. - 3 Yr. Avg. 38.1%
Return On Equity 47.3%
Return On Equity - 3 Yr. Avg. 40.1%
Asset Turnover 2.5
Profitability Ratios
Gross Margin 39.4%
Gross Margin - 3 Yr. Avg. 35.8%
EBITDA Margin 21.3%
EBITDA Margin - 3 Yr. Avg. 16.5%
Operating Margin 19.7%
Oper. Margin - 3 Yr. Avg. 14.8%
Pre-Tax Margin 19.7%
Pre-Tax Margin - 3 Yr. Avg. 14.8%
Net Profit Margin 12.9%
Net Profit Margin - 3 Yr. Avg. 9.7%
Effective Tax Rate 34.4%
Eff/ Tax Rate - 3 Yr. Avg. 34.5%
Payout Ratio 65.4%

FIZZ stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FIZZ stock intrinsic value calculation we used $827 million for the last fiscal year's total revenue generated by National Beverage. The default revenue input number comes from 2017 income statement of National Beverage. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our FIZZ stock valuation model: a) initial revenue growth rate of 20.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for FIZZ is calculated based on our internal credit rating of National Beverage, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of National Beverage.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of FIZZ stock the variable cost ratio is equal to 42.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $320 million in the base year in the intrinsic value calculation for FIZZ stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for National Beverage.

Corporate tax rate of 27% is the nominal tax rate for National Beverage. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the FIZZ stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for FIZZ are equal to 7.9%.

Life of production assets of 6 years is the average useful life of capital assets used in National Beverage operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for FIZZ is equal to 5.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $246 million for National Beverage - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 46.285 million for National Beverage is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of National Beverage at the current share price and the inputted number of shares is $4.5 billion.

RELATED COMPANIES Price Int.Val. Rating
KO Coca-Cola 43.52 17.12  str.sell
PEP PepsiCo 109.26 59.61  str.sell
DPS Dr Pepper Snap 114.81 102.70  hold
COKE Coca-Cola Bott 183.04 619.12  str.buy
COT Cott 14.91 17.35  hold

COMPANY NEWS

▶ How National Beverage Corp. Stock Rose 13.4% in January   [Feb-12-18 05:06PM  Motley Fool]
▶ 3 Stocks Wall Street Hasn't Heard of Yet   [Jan-22-18 04:08PM  Motley Fool]
▶ 3 Disruptive Stocks That Justify Their High Valuations   [Jan-16-18 09:21PM  Motley Fool]
▶ LaCroix: Air + water + essence =   [Jan-13-18 05:00AM  Quartz]
▶ Why National Beverage's Shares Popped 94% in 2017   [Jan-11-18 11:46AM  Motley Fool]
▶ National Beverage Hits 80-Plus Relative Strength Rating Benchmark   [Jan-10-18 03:00AM  Investor's Business Daily]
▶ National Beverage Reveres the Kids of St. Jude   [Dec-18-17 11:05AM  Business Wire]
▶ LaCroix parent company's CEO continues to fight back against critics   [03:10PM  American City Business Journals]
▶ National Beverage posts 2Q profit   [11:42AM  Associated Press]
▶ Blue Chips Lead In Early Trade; 1 Soft Drink Maker Gaps Up   [10:24AM  Investor's Business Daily]
▶ 3 Top Soda Stocks to Consider Buying Now   [Nov-19-17 05:06PM  Motley Fool]
▶ Better Buy: Coca Cola vs. National Beverage   [Nov-02-17 07:31PM  Motley Fool]
▶ Coca-Cola Is Taking Aim at La Croix   [Oct-25-17 06:48PM  Motley Fool]
▶ Lacroix Maker's Frustration Bubbles Over   [Oct-19-17 04:16PM  The Wall Street Journal]
▶ FIZZ Grows Stronger!!   [11:42AM  Business Wire]
▶ As Bubble Water Battle Brews, LaCroix Investors Suffer Declines   [Oct-05-17 12:56PM  The Wall Street Journal]
▶ [$$] LaCroixs Maker Loses Some Sparkle   [Oct-04-17 08:50PM  The Wall Street Journal]
▶ 3 Stocks the Smartest Investors are Buying Right Now   [Sep-26-17 09:00PM  Motley Fool]
▶ 3 Soda Stocks You May Be Overlooking   [Sep-23-17 11:31AM  Motley Fool]
▶ 3 Stocks That Put Coca-Cola's Returns to Shame   [Sep-20-17 08:25AM  Motley Fool]
▶ These 3 Stocks Have Doubled Investors' Money   [Sep-16-17 09:20AM  Motley Fool]
▶ LaCroix Fizzy Water Is Everyones Favorite. Nobody Knows Whats In It   [Sep-14-17 12:59AM  The Wall Street Journal]
▶ 3 Stocks Warren Buffett Cant Buy, but You Can   [Sep-09-17 10:31AM  Motley Fool]
▶ National Beverage posts 1Q profit   [Sep-07-17 09:22PM  Associated Press]
▶ National Beverage posts 1Q profit   [04:21PM  Associated Press]
▶ Forget Costco: These 3 Stocks Have Doubled This Year   [Jul-28-17 07:36PM  Motley Fool]
▶ LaCroix Maker Goes From Fizzy to Fuzzy   [09:25AM  Bloomberg]
▶ These 3 Stocks Have Quadrupled Since 2014   [Jul-23-17 11:32AM  Motley Fool]
▶ LaCroix parent company beat analysts expectations but stock drops   [03:04PM  American City Business Journals]
▶ How Far Could LaCroix Drive National Beverage?   [Jun-26-17 09:38AM  Motley Fool]
Financial statements of FIZZ
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.