Company Valuation: Fevertree Drinks PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,944 3,153 1,202 1,224 786.8 978.9 978.9 -
Change - 7.08% -61.88% 1.85% -35.72% 24.42% 0% -
Enterprise Value (EV) 1 2,801 2,986 1,106 1,164 690.8 855.5 901.2 880.8
Change - 6.61% -62.95% 5.21% -40.66% 23.84% 2.1% -2.27%
P/E ratio 70.7x 70.8x 48.4x 79.6x 32.3x 44x 31.2x 23.3x
PBR 11.7x 11.2x 5.02x 5.15x 3.2x 4.42x 4.61x 4.21x
PEG - 10.42x -1.1x -2.1x 0.6x -4.1x 0.9x 0.7x
Capitalization / Revenue 11.7x 10.1x 3.49x 3.36x 2.14x 2.52x 2.42x 2.34x
EV / Revenue 11.1x 9.6x 3.21x 3.19x 1.87x 2.28x 2.23x 2.1x
EV / EBITDA 49.1x 47.4x 27.9x 38.2x 13.6x 20.2x 17.8x 13.6x
EV / EBIT 54.6x 53.7x 36.2x 56x 18.3x 28.8x 23.4x 17x
EV / FCF 78.9x 69.1x 284x -224x 11.2x 26.8x 24.6x 15.4x
FCF Yield 1.27% 1.45% 0.35% -0.45% 8.95% 3.73% 4.06% 6.5%
Dividend per Share 2 0.1568 0.1599 0.1631 0.1664 0.1697 0.1731 0.1865 0.2154
Rate of return 0.62% 0.59% 1.58% 1.59% 2.52% 2.11% 2.19% 2.53%
EPS 2 0.3576 0.3819 0.2132 0.1318 0.2085 0.1862 0.2723 0.3655
Distribution rate 43.8% 41.9% 76.5% 126% 81.4% 93% 68.5% 58.9%
Net sales 1 252.1 311.1 344.3 364.4 368.5 375.3 404.1 419
EBITDA 1 57 63 39.7 30.5 50.7 42.4 50.72 64.6
EBIT 1 51.3 55.6 30.6 20.8 37.8 29.7 38.53 51.85
Net income 1 41.7 44.6 24.9 15.4 24.4 22.6 30.71 41.01
Net Debt 1 -143.1 -166.2 -95.3 -59.9 -96 -91.1 -77.7 -98.14
Reference price 2 25.270 27.050 10.310 10.490 6.740 8.510 8.510 8.510
Nbr of stocks (in thousands) 1,16,514 1,16,550 1,16,564 1,16,687 1,16,738 1,15,032 1,15,032 -
Announcement Date 18/03/21 16/03/22 22/03/23 26/03/24 25/03/25 24/03/26 - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
41.92x2.35x19.76x2.01% 132.71Cr
13.41x3.38x10.4x2.7% 4.58TCr
12.19x2.85x9.49x6.9% 2.01TCr
16.93x4.01x13.06x3.15% 1.35TCr
9.72x1.25x7.81x5.8% 831.72Cr
72.46x7.08x43.78x0.18% 461.16Cr
38.56x4.6x24.6x1.25% 403.53Cr
24.76x3.06x13.59x2.79% 255.2Cr
61.46x4.35x32.76x0.79% 173.45Cr
Average 32.38x 3.66x 19.47x 2.84% 1.13TCr
Weighted average by Cap. 18.47x 3.40x 13.01x 3.63%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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