DUTCH BROS INC. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 42.91 USD | +0.23% |
|
+2.20% | +34.99% |
| Jul. 03 | Jerome Powell did it again |  |
| Jul. 03 | Baird Adjusts Price Target on Dutch Bros to $42 From $33, Maintains Neutral Rating | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,539 | 1,634 | 2,389 | 7,585 | - | - |
| Enterprise Value (EV) 1 | 2,524 | 1,712 | 2,353 | 7,864 | 7,942 | 7,988 |
| P/E ratio | -164 x | -313 x | 1,056 x | 108 x | 84.3 x | 63.9 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 5.1 x | 2.21 x | 2.47 x | 6.19 x | 5.08 x | 4.25 x |
| EV / Revenue | 5.07 x | 2.32 x | 2.44 x | 6.42 x | 5.32 x | 4.47 x |
| EV / EBITDA | 30.7 x | 18.8 x | 14.7 x | 38 x | 31.3 x | 25.6 x |
| EV / FCF | -66.3 x | -13.4 x | -26.6 x | -57.8 x | -116 x | -116 x |
| FCF Yield | -1.51% | -7.47% | -3.76% | -1.73% | -0.86% | -0.86% |
| Price to Book | - | 35.7 x | - | 15.9 x | 13.3 x | 10.7 x |
| Nbr of stocks (in thousands) | 49,873 | 57,953 | 75,430 | 177,179 | - | - |
| Reference price 2 | 50.91 | 28.19 | 31.67 | 42.81 | 42.81 | 42.81 |
| Announcement Date | 3/1/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 327.4 | 497.9 | 739 | 965.8 | 1,225 | 1,493 | 1,786 |
| EBITDA 1 | - | 82.09 | 91.18 | 160.1 | 207.1 | 254 | 312.1 |
| EBIT 1 | - | -113.3 | -2.612 | 46.22 | 88.55 | 120 | 172.7 |
| Operating Margin | - | -22.75% | -0.35% | 4.79% | 7.23% | 8.04% | 9.67% |
| Earnings before Tax (EBT) 1 | - | -121.6 | -16.65 | 16.92 | 66.96 | 84.98 | 114.9 |
| Net income 1 | 5.725 | -14.04 | -4.753 | 1.718 | 41.87 | 60.35 | 85.24 |
| Net margin | 1.75% | -2.82% | -0.64% | 0.18% | 3.42% | 4.04% | 4.77% |
| EPS 2 | - | -0.3100 | -0.0900 | 0.0300 | 0.3951 | 0.5079 | 0.6704 |
| Free Cash Flow 1 | - | -38.07 | -128 | -88.54 | -136.2 | -68.57 | -69 |
| FCF margin | - | -7.65% | -17.32% | -9.17% | -11.12% | -4.59% | -3.86% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 7/15/21 | 3/1/22 | 2/22/23 | 2/21/24 | - | - | - |
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 | 140.1 | 152.2 | 186.4 | 198.6 | 201.8 | 197.3 | 249.9 | 264.5 | 254.1 | 275.1 | 315.6 | 325.5 | 310.2 | 331.8 | 386.2 |
| EBITDA 1 | 13.28 | 9.662 | 23.94 | 27.83 | 29.75 | 23.88 | 48.6 | 53.01 | 34.58 | 52.54 | 56.95 | 58.7 | 41.32 | 56.65 | 72.94 |
| EBIT 1 | -7.604 | -14.22 | 2.669 | 5.178 | 3.766 | -0.232 | 19.58 | 24.69 | 2.179 | 25.58 | 27.97 | 27.54 | 7.455 | 27.98 | 41.84 |
| Operating Margin | -5.43% | -9.35% | 1.43% | 2.61% | 1.87% | -0.12% | 7.84% | 9.34% | 0.86% | 9.3% | 8.86% | 8.46% | 2.4% | 8.43% | 10.83% |
| Earnings before Tax (EBT) 1 | -9.59 | -16.49 | -0.866 | -1.777 | 2.482 | -6.811 | 11.56 | 15.23 | -3.061 | 24.99 | 22.03 | 20.6 | -1.08 | 17.72 | 32.86 |
| Net income 1 | -2.87 | -4.947 | -0.906 | 1.763 | -0.663 | -3.842 | 2.752 | 4.21 | -1.402 | 7.062 | 19.59 | 18.9 | -1.034 | 10.69 | 18.95 |
| Net margin | -2.05% | -3.25% | -0.49% | 0.89% | -0.33% | -1.95% | 1.1% | 1.59% | -0.55% | 2.57% | 6.21% | 5.81% | -0.33% | 3.22% | 4.91% |
| EPS 2 | -0.0600 | -0.1000 | -0.0200 | 0.0300 | -0.0100 | -0.0700 | 0.0500 | 0.0700 | -0.0200 | 0.0800 | 0.1493 | 0.1440 | 0.005530 | 0.1259 | 0.1941 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/1/22 | 5/11/22 | 8/10/22 | 11/9/22 | 2/22/23 | 5/9/23 | 8/8/23 | 11/7/23 | 2/21/24 | 5/7/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 78.7 | - | 279 | 357 | 403 |
| Net Cash position 1 | - | 14.9 | - | 35.9 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.8634 x | - | 1.348 x | 1.407 x | 1.29 x |
| Free Cash Flow 1 | - | -38.1 | -128 | -88.5 | -136 | -68.6 | -69 |
| ROE (net income / shareholders' equity) | - | - | -4.25% | 20.3% | 15.1% | 14.9% | 15.4% |
| ROA (Net income/ Total Assets) | - | -3.45% | -0.55% | 0.12% | 2.45% | 2.87% | 3.04% |
| Assets 1 | - | 406.7 | 870 | 1,475 | 1,711 | 2,100 | 2,809 |
| Book Value Per Share 2 | - | - | 0.7900 | - | 2.690 | 3.210 | 4.010 |
| Cash Flow per Share 2 | - | 1.750 | 1.150 | 2.250 | 0.6900 | 1.140 | - |
| Capex 1 | - | 118 | 188 | 228 | 296 | 275 | 290 |
| Capex / Sales | - | 23.79% | 25.42% | 23.66% | 24.17% | 18.41% | 16.26% |
| Announcement Date | 7/15/21 | 3/1/22 | 2/22/23 | 2/21/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
42.81
USD
Average target price
40.33
USD
Spread / Average Target
-5.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +35.18% | 7.59B | |
| -2.11% | 763M | |
| -1.56% | 294M | |
| -15.15% | 135M | |
| -24.36% | 74.43M |
- Stock Market
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- BROS Stock
- Financials Dutch Bros Inc.
