MONSTER BEVERAGE CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 55 USD | +3.02% |
|
+3.05% | -4.53% |
| 05-03 | UBS Adjusts Price Target on Monster Beverage to $60 From $61, Maintains Neutral Rating | MT |
| 05-03 | Wall Street rises thanks to good and bad economic news |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 34,170 | 48,822 | 50,819 | 53,011 | 59,940 | 57,295 | - | - |
| Enterprise Value (EV) 1 | 32,839 | 46,760 | 47,742 | 50,342 | 63,193 | 56,475 | 54,149 | 53,132 |
| P/E ratio | 31.3 x | 35 x | 37.4 x | 45.5 x | 37.4 x | 30.7 x | 26.9 x | 23.9 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 8.13 x | 10.6 x | 9.17 x | 8.4 x | 8.39 x | 7.26 x | 6.57 x | 5.95 x |
| EV / Revenue | 7.82 x | 10.2 x | 8.62 x | 7.98 x | 8.85 x | 7.15 x | 6.21 x | 5.52 x |
| EV / EBITDA | 22.2 x | 27.2 x | 25.8 x | 30.6 x | 31.2 x | 23.7 x | 20 x | 17.5 x |
| EV / FCF | 32.4 x | 35.5 x | 42.9 x | 72 x | 42.2 x | 33.6 x | 26.4 x | 25.1 x |
| FCF Yield | 3.08% | 2.81% | 2.33% | 1.39% | 2.37% | 2.98% | 3.79% | 3.99% |
| Price to Book | 8.18 x | 9.46 x | 7.74 x | 7.55 x | 7.41 x | 7.95 x | 6.36 x | 5.15 x |
| Nbr of stocks (in thousands) | 1,075,363 | 1,055,834 | 1,058,278 | 1,044,251 | 1,040,441 | 1,041,726 | - | - |
| Reference price 2 | 31.78 | 46.24 | 48.02 | 50.76 | 57.61 | 55.00 | 55.00 | 55.00 |
| Announcement Date | 27/02/20 | 25/02/21 | 24/02/22 | 28/02/23 | 28/02/24 | - | - | - |
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 | 7,895 | 8,716 | 9,633 |
| EBITDA 1 | 1,479 | 1,721 | 1,848 | 1,646 | 2,022 | 2,384 | 2,704 | 3,038 |
| EBIT 1 | 1,414 | 1,660 | 1,797 | 1,585 | 1,953 | 2,290 | 2,618 | 2,925 |
| Operating Margin | 33.67% | 36.1% | 32.44% | 25.11% | 27.36% | 29.01% | 30.03% | 30.37% |
| Earnings before Tax (EBT) 1 | 1,416 | 1,626 | 1,801 | 1,572 | 2,068 | 2,370 | 2,689 | 2,968 |
| Net income 1 | 1,108 | 1,410 | 1,377 | 1,192 | 1,631 | 1,811 | 2,078 | 2,293 |
| Net margin | 26.37% | 30.65% | 24.86% | 18.88% | 22.84% | 22.93% | 23.84% | 23.8% |
| EPS 2 | 1.015 | 1.320 | 1.285 | 1.115 | 1.540 | 1.793 | 2.041 | 2.306 |
| Free Cash Flow 1 | 1,012 | 1,315 | 1,112 | 699 | 1,496 | 1,681 | 2,053 | 2,119 |
| FCF margin | 24.09% | 28.61% | 20.07% | 11.08% | 20.96% | 21.29% | 23.56% | 22% |
| FCF Conversion (EBITDA) | 68.43% | 76.44% | 60.18% | 42.47% | 73.99% | 70.5% | 75.95% | 69.77% |
| FCF Conversion (Net income) | 91.36% | 93.32% | 80.72% | 58.66% | 91.74% | 92.84% | 98.82% | 92.44% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 27/02/20 | 25/02/21 | 24/02/22 | 28/02/23 | 28/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,411 | 1,425 | 1,519 | 1,655 | 1,624 | 1,513 | 1,699 | 1,855 | 1,856 | 1,730 | 1,899 | 2,051 | 2,047 | 1,912 | 2,084 |
| EBITDA 1 | 457.7 | 422.3 | 414.1 | 388.8 | 433.5 | 409.6 | 501.9 | 539.4 | 528.5 | 452.5 | 588.6 | 609.1 | 620.5 | 578.3 | 633.6 |
| EBIT 1 | 444.5 | 412.9 | 399.5 | 373 | 417.9 | 394.4 | 485.1 | 523.8 | 510.5 | 434 | 542 | 599.7 | 603 | 555.5 | 621.7 |
| Operating Margin | 31.51% | 28.97% | 26.31% | 22.53% | 25.73% | 26.07% | 28.55% | 28.24% | 27.51% | 25.08% | 28.54% | 29.24% | 29.46% | 29.05% | 29.83% |
| Earnings before Tax (EBT) 1 | 442.2 | 419 | 392.2 | 366.2 | 420.1 | 393.5 | 497.6 | 539 | 581.9 | 450.1 | 577.7 | 620.5 | 621.5 | 570.4 | 637.1 |
| Net income 1 | 337.2 | 321.3 | 294.2 | 273.4 | 322.4 | 301.7 | 397.4 | 413.9 | 452.7 | 367 | 442 | 469.7 | 470.7 | 442.3 | 490.1 |
| Net margin | 23.91% | 22.55% | 19.37% | 16.51% | 19.85% | 19.94% | 23.39% | 22.31% | 24.39% | 21.21% | 23.28% | 22.9% | 23% | 23.12% | 23.51% |
| EPS 2 | 0.3150 | 0.3000 | 0.2750 | 0.2550 | 0.3000 | 0.2850 | 0.3800 | 0.3900 | 0.4300 | 0.3500 | 0.4200 | 0.4632 | 0.4603 | 0.4352 | 0.4890 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 04/11/21 | 24/02/22 | 05/05/22 | 04/08/22 | 03/11/22 | 28/02/23 | 04/05/23 | 03/08/23 | 02/11/23 | 28/02/24 | 02/05/24 | - | - | - | - |
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 | - | 820 | 3,146 | 4,163 |
| Leverage (Debt/EBITDA) | - | - | - | - | 1.609 x | - | - | - |
| Free Cash Flow 1 | 1,012 | 1,315 | 1,112 | 699 | 1,496 | 1,681 | 2,053 | 2,119 |
| ROE (net income / shareholders' equity) | 28.5% | 30.2% | 23.5% | 17.5% | 21.4% | 23.2% | 24.4% | 22% |
| ROA (Net income/ Total Assets) | 22.9% | 24.8% | 19.7% | 14.8% | 18.1% | 19.4% | 19.8% | 17.8% |
| Assets 1 | 4,839 | 5,677 | 7,004 | 8,049 | 8,990 | 9,351 | 10,501 | 12,872 |
| Book Value Per Share 2 | 3.890 | 4.890 | 6.200 | 6.730 | 7.780 | 6.910 | 8.650 | 10.70 |
| Cash Flow per Share 2 | 1.020 | 1.280 | 1.080 | 0.8300 | 0.4100 | 1.730 | 2.110 | 2.420 |
| Capex 1 | 102 | 48.7 | 43.9 | 189 | 221 | 221 | 226 | 241 |
| Capex / Sales | 2.42% | 1.06% | 0.79% | 2.99% | 3.1% | 2.79% | 2.59% | 2.51% |
| Announcement Date | 27/02/20 | 25/02/21 | 24/02/22 | 28/02/23 | 28/02/24 | - | - | - |
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
25
Last Close Price
55
USD
Average target price
62.12
USD
Spread / Average Target
+12.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.53% | 57.29B | |
| +16.64% | 11.77B | |
| -15.45% | 1.89B | |
| +21.36% | 55.39M |
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- Financials Monster Beverage Corporation
