Cash flow Fevertree Drinks PLC

Equities

FEVR

GB00BRJ9BJ26

Distillers & Wineries

Market Closed - London S.E. Other stock markets 16:35:26 23/01/2026 GMT			5-day change	1st Jan Change
896.00 ^GBX	-0.33%		+1.24%	+9.40%

01-14	Davy raises IAG, cuts Jet2; RBC cuts Reckitt	AN
12-15	Fevertree Drinks plc Announces Retirement of Jeff Popkin as Non-Executive Director, Effective December 31, 2025	CI

eb84f5e3af107355c362bf43bb1734.HWtHKXq0oxWE5wCambl4I-1jvPXXwBnapTIEJrUnEMk.WR0AfhGM7Tjgs0rCw9ZMcb0H5MziiWzi1gZzYP1LYqprCDFsPfrhWNKRUQ

Published financial data: FEVERTREE DRINKS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	252M	311M	344M	364M	368M
Total Revenues	252M	311M	344M	364M	368M
Cost of Goods Sold, Total	136M	180M	226M	247M	230M
Gross Profit	116M	131M	119M	117M	138M
Selling General & Admin Expenses, Total	61.1M	68.7M	83.5M	93.1M	96M
Provision for Bad Debts	100K	1.9M	-1.1M	400K	-
Depreciation & Amortization - (IS)	2.7M	3.2M	4.3M	6.3M	6.5M
Amortization of Goodwill and Intangible Assets - (IS)	1.1M	1.5M	1.5M	1.7M	3.1M
Other Operating Expenses, Total	65M	75.3M	88.2M	102M	106M
Operating Income	51.3M	55.6M	30.6M	15.5M	32.8M
Interest Expense, Total	-200K	-300K	-400K	-600K	-600K
Interest And Investment Income	500K	300K	800K	2M	3.3M
Net Interest Expenses	300K	0	400K	1.4M	2.7M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	51.6M	55.6M	31M	16.9M	35.5M
Insurance Settlements	-	-	-	5.3M	-
EBT, Incl. Unusual Items	51.6M	55.6M	31M	22.2M	35.5M
Income Tax Expense	9.9M	11M	6.1M	6.8M	11.1M
Earnings From Continuing Operations	41.7M	44.6M	24.9M	15.4M	24.4M
Net Income to Company	41.7M	44.6M	24.9M	15.4M	24.4M
Net Income - (IS)	41.7M	44.6M	24.9M	15.4M	24.4M
Net Income to Common Incl Extra Items	41.7M	44.6M	24.9M	15.4M	24.4M
Net Income to Common Excl. Extra Items	41.7M	44.6M	24.9M	15.4M	24.4M
Per Share Items
Net EPS - Basic	0.36	0.38	0.21	0.13	0.21
Basic EPS - Continuing Operations	0.36	0.38	0.21	0.13	0.21
Basic Weighted Average Shares Outstanding	116M	117M	117M	117M	117M
Net EPS - Diluted	0.36	0.38	0.21	0.13	0.21
Diluted EPS - Continuing Operations	0.36	0.38	0.21	0.13	0.21
Diluted Weighted Average Shares Outstanding	117M	117M	117M	117M	117M
Normalized Basic EPS	0.28	0.3	0.17	0.09	0.19
Normalized Diluted EPS	0.28	0.3	0.17	0.09	0.19
Dividend Per Share	0.16	0.16	0.16	0.17	0.17
Payout Ratio	42.69	41.26	75.5	124.03	80.33
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	54.5M	59.5M	34.7M	19.6M	37.8M
EBITA	52.4M	57M	32.1M	17M	35M
EBIT	51.3M	55.6M	30.6M	15.5M	32.8M
EBITDAR	54.6M	59.6M	34.9M	-	-
Effective Tax Rate - (Ratio)	19.19	19.78	19.68	30.63	31.27
Total Current Taxes	10.9M	10.4M	6.7M	5.1M	8.4M
Total Deferred Taxes	-1M	600K	-600K	1.7M	2.7M
Normalized Net Income	32.25M	34.75M	19.38M	10.56M	22.19M
Interest on Long-Term Debt	100K	100K	200K	600K	500K
Supplemental Operating Expense Items
Marketing Expenses	25.2M	29.2M	34M	33.9M	34.5M
General and Administrative Expenses	61.1M	68.7M	83.5M	93.1M	96M
Net Rental Expense, Total	100K	100K	200K	-	-
Imputed Operating Lease Interest Expense	86.49K	100K	64.65K	-	-
Imputed Operating Lease Depreciation	13.51K	0	135K	-	-
Stock-Based Comp., Other (Total)	1.9M	2.7M	3.3M	1.7M	3.3M
Total Stock-Based Compensation	1.9M	2.7M	3.3M	1.7M	3.3M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	143M	166M	95.3M	59.9M	96M
Total Cash And Short Term Investments	143M	166M	95.3M	59.9M	96M
Accounts Receivable, Total	47.9M	58.4M	62.5M	77.8M	71.4M
Other Receivables	5.2M	7.9M	4.4M	13.6M	7.8M
Total Receivables	53.1M	66.3M	66.9M	91.4M	79.2M
Inventory	38.7M	36.2M	60.1M	67.6M	45.8M
Prepaid Expenses	4M	6.4M	6.8M	6.3M	9.3M
Other Current Assets, Total	1.3M	900K	-	600K	400K
Total Current Assets	240M	276M	229M	226M	231M
Gross Property Plant And Equipment	12.7M	16.9M	35.2M	35.9M	35.6M
Accumulated Depreciation	-5.2M	-7.3M	-9.6M	-12.2M	-14.7M
Net Property Plant And Equipment	7.5M	9.6M	25.6M	23.7M	20.9M
Long-term Investments	-	-	-	-	-
Goodwill	32.2M	32.2M	36.4M	36.2M	36.2M
Other Intangibles, Total	16.6M	15.5M	16.8M	22M	29.5M
Loans Receivable Long-Term	-	-	-	-	1.1M
Deferred Tax Assets Long-Term	1.9M	2.8M	1.9M	1.7M	500K
Other Long-Term Assets, Total	-	-	1.8M	4.3M	3M
Total Assets	298M	336M	312M	314M	322M
Liabilities
Accounts Payable, Total	11M	19.6M	24.7M	22.3M	28.2M
Accrued Expenses, Total	26.2M	25.6M	22.1M	26.3M	24.2M
Current Portion of Long-Term Debt	100K	100K	-	-	-
Current Portion of Leases	700K	700K	3.4M	3.4M	3.6M
Current Income Taxes Payable	-	600K	800K	2.1M	700K
Deferred Tax Liability Current	1.5M	-	-	-	-
Other Current Liabilities	5.2M	4.2M	6.3M	6.7M	4.8M
Total Current Liabilities	44.7M	50.8M	57.3M	60.8M	61.5M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	1.1M	2.1M	13.5M	11.8M	8.5M
Deferred Tax Liability Non Current	-	1.6M	1.6M	3M	4.7M
Other Non Current Liabilities	-	-	-	300K	500K
Total Liabilities	45.8M	54.5M	72.4M	75.9M	75.2M
Common Stock, Total	300K	300K	300K	300K	300K
Additional Paid In Capital	54.8M	54.8M	54.8M	54.8M	54.8M
Retained Earnings	197M	227M	185M	183M	191M
Comprehensive Income and Other	700K	-300K	-700K	-400K	500K
Total Common Equity	253M	282M	239M	238M	247M
Total Equity	253M	282M	239M	238M	247M
Total Liabilities And Equity	298M	336M	312M	314M	322M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	117M	117M	117M	117M	117M
ECS Total Common Shares Outstanding	117M	117M	117M	117M	117M
Book Value / Share	2.17	2.42	2.05	2.04	2.11
Tangible Book Value	204M	234M	186M	180M	181M
Tangible Book Value Per Share	1.75	2.01	1.6	1.54	1.55
Total Debt	1.9M	2.9M	16.9M	15.2M	12.1M
Net Debt	-141M	-163M	-78.4M	-44.7M	-83.9M
Debt Equivalent Oper. Leases	800K	800K	1.6M	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	8.7M	9.8M	17.8M	16.1M	10.4M
Inventories - Finished Goods, Total	30M	26.4M	42.3M	51.5M	35.4M
Machinery, Total	1.6M	1.7M	5.2M	6.3M	8.4M
Full Time Employees	250	283	300	375	380
Accumulated Allowance for Doubtful Accounts (Supple)	1.2M	3.1M	1.9M	1.8M	2.3M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	41.7M	44.6M	24.9M	15.4M	24.4M
Depreciation & Amortization - CF	2.7M	3.2M	4.3M	6.3M	6.5M
Amortization of Goodwill and Intangible Assets - (CF)	1.1M	1.4M	1.5M	1.5M	2.2M
Depreciation & Amortization, Total	3.8M	4.6M	5.8M	7.8M	8.7M
Amortization of Deferred Charges, Total - (CF)	-	100K	-	200K	900K
(Gain) Loss From Sale Of Asset	-	100K	-	-	-
Stock-Based Compensation (CF)	1.9M	2.7M	3.3M	1.7M	3.3M
Provision and Write-off of Bad Debts	-	3.8M	-3.1M	500K	-1M
Other Operating Activities, Total	-6.9M	100K	-200K	200K	3.3M
Change In Accounts Receivable	4M	-14.6M	-1.6M	-22.3M	5M
Change In Inventories	-17.2M	500K	-23.5M	-10M	23.4M
Change In Accounts Payable	10.8M	7.7M	500K	4.8M	1.7M
Change in Other Net Operating Assets	-	-2.8M	2.4M	-2.1M	500K
Cash from Operations	38.1M	46.8M	8.5M	-3.8M	70.2M
Capital Expenditure	-2.6M	-3.6M	-4.6M	-2.6M	-3.3M
Cash Acquisitions	-1.7M	-	-3.7M	-	-
Sale (Purchase) of Intangible assets	-	-1M	-2.5M	-7M	-10.8M
Other Investing Activities, Total	500K	300K	800K	2M	3.3M
Cash from Investing	-3.8M	-4.3M	-10M	-7.6M	-10.8M
Long-Term Debt Repaid, Total	-1.6M	-700K	-1.8M	-4M	-3.9M
Total Debt Repaid	-1.6M	-700K	-1.8M	-4M	-3.9M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-17.8M	-18.4M	-18.8M	-19.1M	-19.6M
Common & Preferred Stock Dividends Paid	-17.8M	-18.4M	-18.8M	-19.1M	-19.6M
Special Dividend Paid	-	-	-50M	-	-
Other Financing Activities, Total	-200K	-200K	-100K	-100K	-100K
Cash from Financing	-19.6M	-19.3M	-70.7M	-23.2M	-23.6M
Foreign Exchange Rate Adjustments	100K	-100K	1.3M	-800K	300K
Net Change in Cash	14.8M	23.1M	-70.9M	-35.4M	36.1M
Supplemental Items
Cash Interest Paid	200K	200K	100K	100K	100K
Cash Income Tax Paid (Refund)	16.5M	10.9M	5.9M	8.4M	5.7M
Levered Free Cash Flow	30.94M	32.26M	775K	-19.19M	50.62M
Unlevered Free Cash Flow	31.06M	32.45M	1.02M	-18.81M	51M
Change In Net Working Capital	4.1M	5.1M	20.1M	28.6M	-31.7M
Net Debt Issued / Repaid	-1.6M	-700K	-1.8M	-4M	-3.9M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	11.47	10.95	5.91	3.1	6.45
Return on Total Capital	13.29	12.89	7.08	3.81	8.01
Return On Equity %	17.42	16.7	9.56	6.46	10.07
Return on Common Equity	17.42	16.7	9.56	6.46	10.07
Margin Analysis
Gross Profit Margin %	46.13	42.08	34.5	32.11	37.56
SG&A Margin	24.24	22.08	24.25	25.55	26.05
EBITDA Margin %	21.62	19.13	10.08	5.38	10.26
EBITA Margin %	20.79	18.32	9.32	4.67	9.5
EBIT Margin %	20.35	17.87	8.89	4.25	8.9
Income From Continuing Operations Margin %	16.54	14.34	7.23	4.23	6.62
Net Income Margin %	16.54	14.34	7.23	4.23	6.62
Net Avail. For Common Margin %	16.54	14.34	7.23	4.23	6.62
Normalized Net Income Margin	12.79	11.17	5.63	2.9	6.02
Levered Free Cash Flow Margin	12.27	10.37	0.22	-5.27	13.74
Unlevered Free Cash Flow Margin	12.32	10.43	0.3	-5.16	13.84
Asset Turnover
Asset Turnover	0.9	0.98	1.06	1.17	1.16
Fixed Assets Turnover	35.01	36.39	19.56	14.78	16.52
Receivables Turnover (Average Receivables)	5.1	5.85	5.7	5.19	4.94
Inventory Turnover (Average Inventory)	4.56	4.81	4.68	3.87	4.06
Short Term Liquidity
Current Ratio	5.37	5.43	4	3.71	3.75
Quick Ratio	4.39	4.58	2.83	2.49	2.85
Operating Cash Flow to Current Liabilities	0.85	0.92	0.15	-0.06	1.14
Days Sales Outstanding (Average Receivables)	71.79	62.36	64.08	70.27	74.09
Days Outstanding Inventory (Average Inventory)	80.18	75.86	77.94	94.2	90.19
Average Days Payable Outstanding	18.45	41.59	32.42	33.65	44.37
Cash Conversion Cycle (Average Days)	133.52	96.62	109.6	130.82	119.92
Long Term Solvency
Total Debt/Equity	0.75	1.03	7.07	6.39	4.9
Total Debt / Total Capital	0.75	1.02	6.6	6.01	4.68
LT Debt/Equity	0.44	0.75	5.64	4.96	3.45
Long-Term Debt / Total Capital	0.43	0.74	5.27	4.66	3.28
Total Liabilities / Total Assets	15.35	16.22	23.23	24.2	23.36
EBIT / Interest Expense	256.5	185.33	76.5	25.83	54.67
EBITDA / Interest Expense	275.5	200.67	91	38.83	69.17
(EBITDA - Capex) / Interest Expense	262.5	188.67	79.5	34.5	63.67
Total Debt / EBITDA	0.03	0.05	0.46	0.65	0.29
Net Debt / EBITDA	-2.56	-2.71	-2.15	-1.92	-2.02
Total Debt / (EBITDA - Capex)	0.04	0.05	0.53	0.73	0.32
Net Debt / (EBITDA - Capex)	-2.69	-2.89	-2.47	-2.16	-2.2
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.22	23.4	10.67	5.84	1.13
Gross Profit, 1 Yr. Growth %	-11.56	12.55	-9.24	-1.52	18.29
EBITDA, 1 Yr. Growth %	-26.85	9.17	-41.68	-43.52	51.81
EBITA, 1 Yr. Growth %	-28.12	8.78	-43.68	-47.04	56.95
EBIT, 1 Yr. Growth %	-28.95	8.38	-44.96	-49.35	57.69
Earnings From Cont. Operations, 1 Yr. Growth %	-28.72	6.95	-44.17	-38.15	58.44
Net Income, 1 Yr. Growth %	-28.72	6.95	-44.17	-38.15	58.44
Normalized Net Income, 1 Yr. Growth %	-28.83	7.75	-44.24	-45.48	59.91
Diluted EPS Before Extra, 1 Yr. Growth %	-28.85	6.8	-44.17	-38.18	58.19
Accounts Receivable, 1 Yr. Growth %	-6.08	21.92	7.02	24.48	-8.23
Inventory, 1 Yr. Growth %	86.06	-6.46	66.02	12.48	-32.25
Net Property, Plant and Equip., 1 Yr. Growth %	8.7	28	166.67	-7.42	-11.81
Total Assets, 1 Yr. Growth %	14.55	12.63	-7.29	0.67	2.61
Tangible Book Value, 1 Yr. Growth %	10.1	14.77	-20.48	-3.44	0.78
Common Equity, 1 Yr. Growth %	11.72	11.48	-15.06	-0.59	3.74
Cash From Operations, 1 Yr. Growth %	-43.97	22.83	-81.84	-144.71	-1.95K
Capital Expenditures, 1 Yr. Growth %	0	38.46	27.78	-43.48	26.92
Levered Free Cash Flow, 1 Yr. Growth %	-42.17	9.6	-97.6	-2.58K	-418.9
Unlevered Free Cash Flow, 1 Yr. Growth %	-42.07	9.77	-96.84	-1.94K	-429.03
Dividend Per Share, 1 Yr. Growth %	3.98	1.98	2	2.02	1.98
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.05	9.28	16.86	8.23	3.45
Gross Profit, 2 Yr. CAGR %	-2.72	-0.23	1.07	-5.46	7.93
EBITDA, 2 Yr. CAGR %	-15.76	-10.63	-20.21	-42.61	4.37
EBITA, 2 Yr. CAGR %	-17.02	-11.58	-21.73	-45.39	4.42
EBIT, 2 Yr. CAGR %	-17.52	-12.25	-22.77	-47.2	3.53
Earnings From Cont. Operations, 2 Yr. CAGR %	-17.86	-12.68	-22.73	-41.24	-1.01
Net Income, 2 Yr. CAGR %	-17.86	-12.68	-22.73	-41.24	-1.01
Normalized Net Income, 2 Yr. CAGR %	-17.38	-12.43	-22.49	-44.87	7.01
Diluted EPS Before Extra, 2 Yr. CAGR %	-18.01	-12.83	-22.79	-41.25	-1.11
Accounts Receivable, 2 Yr. CAGR %	-6.08	7.01	14.23	15.42	6.88
Inventory, 2 Yr. CAGR %	16.94	31.92	24.62	36.65	-12.7
Net Property, Plant and Equip., 2 Yr. CAGR %	66.67	17.95	84.75	57.12	-9.64
Total Assets, 2 Yr. CAGR %	15.08	13.59	2.19	-3.39	1.64
Tangible Book Value, 2 Yr. CAGR %	20.01	12.41	-4.47	-12.37	-1.35
Common Equity, 2 Yr. CAGR %	17.42	11.6	-2.69	-8.11	1.56
Cash From Operations, 2 Yr. CAGR %	-8.69	-17.04	-52.77	-71.51	187.38
Capital Expenditures, 2 Yr. CAGR %	31.66	17.67	33.01	-15.02	-15.3
Levered Free Cash Flow, 2 Yr. CAGR %	7.5	-22.34	-83.77	-22.88	708.22
Unlevered Free Cash Flow, 2 Yr. CAGR %	7.59	-22.21	-81.38	-23.86	605.38
Dividend Per Share, 2 Yr. CAGR %	3.99	2.97	1.99	2.01	2
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14	9.43	9.74	13.07	5.81
Gross Profit, 3 Yr. CAGR %	8.48	2.12	-3.33	0.2	1.87
EBITDA, 3 Yr. CAGR %	-1.79	-8.16	-22.48	-28.89	-14.03
EBITA, 3 Yr. CAGR %	-2.84	-9.18	-23.92	-31.29	-15
EBIT, 3 Yr. CAGR %	-3.11	-9.66	-24.88	-32.9	-16.13
Earnings From Cont. Operations, 3 Yr. CAGR %	-2.87	-10.3	-24.78	-28.25	-18.21
Net Income, 3 Yr. CAGR %	-2.87	-10.3	-24.78	-28.25	-18.21
Normalized Net Income, 3 Yr. CAGR %	-2.94	-9.74	-24.66	-31.07	-13.89
Diluted EPS Before Extra, 3 Yr. CAGR %	-2.97	-10.46	-24.86	-28.3	-18.27
Accounts Receivable, 3 Yr. CAGR %	1.22	2.46	7.01	17.55	6.93
Inventory, 3 Yr. CAGR %	42.99	8.55	42.43	20.43	8.16
Net Property, Plant and Equip., 3 Yr. CAGR %	55.48	52.63	54.81	46.74	29.61
Total Assets, 3 Yr. CAGR %	20.21	14.26	6.15	1.68	-1.43
Tangible Book Value, 3 Yr. CAGR %	32.47	18.24	0.16	-4.13	-8.19
Common Equity, 3 Yr. CAGR %	24.76	15.41	1.9	-1.99	-4.31
Cash From Operations, 3 Yr. CAGR %	3.91	0.8	-50	-53.62	14.47
Capital Expenditures, 3 Yr. CAGR %	28.06	33.89	20.95	0	-2.86
Levered Free Cash Flow, 3 Yr. CAGR %	10.6	6.42	-75.62	-13.3	16.2
Unlevered Free Cash Flow, 3 Yr. CAGR %	10.68	6.54	-73.26	-13.99	16.27
Dividend Per Share, 3 Yr. CAGR %	13.76	3.31	2.65	2	2
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	33.59	24.93	15.14	8.95	7.18
Gross Profit, 5 Yr. CAGR %	30.38	18.33	5.45	-0.98	1.03
EBITDA, 5 Yr. CAGR %	24.65	10.98	-9.62	-23.9	-12.69
EBITA, 5 Yr. CAGR %	23.84	10.19	-10.89	-25.9	-13.65
EBIT, 5 Yr. CAGR %	24.33	10.1	-11.51	-27.12	-14.6
Earnings From Cont. Operations, 5 Yr. CAGR %	25.62	10.16	-11.36	-24.26	-16.04
Net Income, 5 Yr. CAGR %	25.62	10.16	-11.36	-24.26	-16.04
Normalized Net Income, 5 Yr. CAGR %	25.22	10.14	-11.29	-25.89	-13.31
Diluted EPS Before Extra, 5 Yr. CAGR %	25.51	10.01	-11.45	-24.35	-16.14
Accounts Receivable, 5 Yr. CAGR %	27.23	16.27	6.24	7.46	6.96
Inventory, 5 Yr. CAGR %	43.42	28.03	35.34	19.02	17.1
Net Property, Plant and Equip., 5 Yr. CAGR %	66.31	52.52	66.58	54.41	24.81
Total Assets, 5 Yr. CAGR %	28.47	23.25	12.65	6.84	4.32
Tangible Book Value, 5 Yr. CAGR %	56.7	38.52	16.23	4.88	-0.45
Common Equity, 5 Yr. CAGR %	31.02	25.91	12.96	5.36	1.76
Cash From Operations, 5 Yr. CAGR %	29.76	17.8	-24.2	-39.19	0.64
Capital Expenditures, 5 Yr. CAGR %	48.37	34.33	30.02	11.63	4.88
Levered Free Cash Flow, 5 Yr. CAGR %	34.83	18.17	-49.18	-6.44	-1.1
Unlevered Free Cash Flow, 5 Yr. CAGR %	34.58	18.16	-46.28	-6.86	-1
Dividend Per Share, 5 Yr. CAGR %	38.47	20.67	8.9	2.79	2.39