MONSTER BEVERAGE CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 51.92 USD | +1.33% |
|
-1.48% | -9.88% |
| May. 31 | Jefferies Adjusts Price Target on Monster Beverage to $68 From $69 | MT |
| May. 30 | Monster Beverage Waives Financing Condition for Cash Tender Offer | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 34,170 | 48,822 | 50,819 | 53,011 | 59,940 | 54,087 | - | - |
| Enterprise Value (EV) 1 | 32,839 | 46,760 | 47,742 | 50,342 | 63,193 | 52,115 | 51,177 | 49,455 |
| P/E ratio | 31.3 x | 35 x | 37.4 x | 45.5 x | 37.4 x | 28.8 x | 25.2 x | 22.1 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 8.13 x | 10.6 x | 9.17 x | 8.4 x | 8.39 x | 6.87 x | 6.22 x | 5.64 x |
| EV / Revenue | 7.82 x | 10.2 x | 8.62 x | 7.98 x | 8.85 x | 6.62 x | 5.88 x | 5.16 x |
| EV / EBITDA | 22.2 x | 27.2 x | 25.8 x | 30.6 x | 31.2 x | 22 x | 19.1 x | 16.4 x |
| EV / FCF | 32.4 x | 35.5 x | 42.9 x | 72 x | 42.2 x | 31.5 x | 25.5 x | 25.2 x |
| FCF Yield | 3.08% | 2.81% | 2.33% | 1.39% | 2.37% | 3.18% | 3.93% | 3.96% |
| Price to Book | 8.18 x | 9.46 x | 7.74 x | 7.55 x | 7.41 x | 7.07 x | 6.02 x | 4.89 x |
| Nbr of stocks (in thousands) | 1,075,363 | 1,055,834 | 1,058,278 | 1,044,251 | 1,040,441 | 1,041,728 | - | - |
| Reference price 2 | 31.78 | 46.24 | 48.02 | 50.76 | 57.61 | 51.92 | 51.92 | 51.92 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,201 | 4,599 | 5,541 | 6,311 | 7,140 | 7,875 | 8,701 | 9,589 |
| EBITDA 1 | 1,479 | 1,721 | 1,848 | 1,646 | 2,022 | 2,370 | 2,685 | 3,020 |
| EBIT 1 | 1,414 | 1,660 | 1,797 | 1,585 | 1,953 | 2,279 | 2,599 | 2,903 |
| Operating Margin | 33.67% | 36.1% | 32.44% | 25.11% | 27.36% | 28.93% | 29.87% | 30.28% |
| Earnings before Tax (EBT) 1 | 1,416 | 1,626 | 1,801 | 1,572 | 2,068 | 2,359 | 2,660 | 2,931 |
| Net income 1 | 1,108 | 1,410 | 1,377 | 1,192 | 1,631 | 1,832 | 2,053 | 2,286 |
| Net margin | 26.37% | 30.65% | 24.86% | 18.88% | 22.84% | 23.26% | 23.59% | 23.84% |
| EPS 2 | 1.015 | 1.320 | 1.285 | 1.115 | 1.540 | 1.803 | 2.057 | 2.346 |
| Free Cash Flow 1 | 1,012 | 1,315 | 1,112 | 699 | 1,496 | 1,655 | 2,010 | 1,960 |
| FCF margin | 24.09% | 28.61% | 20.07% | 11.08% | 20.96% | 21.02% | 23.1% | 20.44% |
| FCF Conversion (EBITDA) | 68.43% | 76.44% | 60.18% | 42.47% | 73.99% | 69.84% | 74.85% | 64.91% |
| FCF Conversion (Net income) | 91.36% | 93.32% | 80.72% | 58.66% | 91.74% | 90.35% | 97.91% | 85.73% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,425 | 1,519 | 1,655 | 1,624 | 1,513 | 1,699 | 1,855 | 1,856 | 1,730 | 1,899 | 2,035 | 2,036 | 1,905 | 2,085 | 2,240 |
| EBITDA 1 | 422.3 | 414.1 | 388.8 | 433.5 | 409.6 | 501.9 | 539.4 | 528.5 | 452.5 | 562.5 | 605.7 | 615.9 | 577 | 630.4 | 688.7 |
| EBIT 1 | 412.9 | 399.5 | 373 | 417.9 | 394.4 | 485.1 | 523.8 | 510.5 | 434 | 542 | 589.4 | 595.4 | 555.3 | 617.8 | 675 |
| Operating Margin | 28.97% | 26.31% | 22.53% | 25.73% | 26.07% | 28.55% | 28.24% | 27.51% | 25.08% | 28.54% | 28.96% | 29.25% | 29.14% | 29.64% | 30.14% |
| Earnings before Tax (EBT) 1 | 419 | 392.2 | 366.2 | 420.1 | 393.5 | 497.6 | 539 | 581.9 | 450.1 | 577.7 | 613.3 | 607.2 | 568.7 | 634.3 | 694.3 |
| Net income 1 | 321.3 | 294.2 | 273.4 | 322.4 | 301.7 | 397.4 | 413.9 | 452.7 | 367 | 442 | 472.4 | 471 | 441.1 | 484.7 | 537.3 |
| Net margin | 22.55% | 19.37% | 16.51% | 19.85% | 19.94% | 23.39% | 22.31% | 24.39% | 21.21% | 23.28% | 23.21% | 23.14% | 23.15% | 23.25% | 23.99% |
| EPS 2 | 0.3000 | 0.2750 | 0.2550 | 0.3000 | 0.2850 | 0.3800 | 0.3900 | 0.4300 | 0.3500 | 0.4200 | 0.4668 | 0.4692 | 0.4436 | 0.4918 | 0.5435 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/24/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/28/23 | 5/4/23 | 8/3/23 | 11/2/23 | 2/28/24 | 5/2/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 3,253 | - | - | - |
| Net Cash position 1 | 1,331 | 2,062 | 3,076 | 2,669 | - | 1,972 | 2,909 | 4,632 |
| Leverage (Debt/EBITDA) | - | - | - | - | 1.609 x | - | - | - |
| Free Cash Flow 1 | 1,012 | 1,315 | 1,112 | 699 | 1,496 | 1,655 | 2,010 | 1,960 |
| ROE (net income / shareholders' equity) | 28.5% | 30.2% | 23.5% | 17.5% | 21.4% | 22.5% | 24.4% | 21.9% |
| ROA (Net income/ Total Assets) | 22.9% | 24.8% | 19.7% | 14.8% | 18.1% | 18.6% | 19.8% | 17.8% |
| Assets 1 | 4,839 | 5,677 | 7,004 | 8,049 | 8,990 | 9,862 | 10,374 | 12,837 |
| Book Value Per Share 2 | 3.890 | 4.890 | 6.200 | 6.730 | 7.780 | 7.340 | 8.620 | 10.60 |
| Cash Flow per Share 2 | 1.020 | 1.280 | 1.080 | 0.8300 | 0.4100 | 1.740 | 2.050 | 2.320 |
| Capex 1 | 102 | 48.7 | 43.9 | 189 | 221 | 231 | 241 | 262 |
| Capex / Sales | 2.42% | 1.06% | 0.79% | 2.99% | 3.1% | 2.94% | 2.78% | 2.73% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
26
Last Close Price
51.92
USD
Average target price
62.22
USD
Spread / Average Target
+19.83%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.88% | 54.09B | |
| +17.24% | 11.82B | |
| -14.85% | 1.91B | |
| +19.90% | 54.88M |
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- Financials Monster Beverage Corporation
