Monster Beverage Corporation
Find Ratings ReportsMONSTER BEVERAGE CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. MONSTER BEVERAGE CORP is extremely liquid. Currently, the Quick Ratio is 3.83 which clearly shows the ability to cover any short-term cash needs. MNST managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 17.13% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 1730.11 | 1512.93 |
EBITDA ($mil) | 498.73 | 409.55 |
EBIT ($mil) | 480.2 | 394.35 |
Net Income ($mil) | 366.98 | 301.67 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 3253.28 | 2669.46 |
Total Assets ($mil) | 9686.52 | 8293.11 |
Total Debt ($mil) | 66.02 | 38.13 |
Equity ($mil) | 8228.74 | 7025.04 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 55.6 | 52.85 |
EBITDA Margin | 28.82 | 27.07 |
Operating Margin | 27.76 | 26.07 |
Sales Turnover | 0.74 | 0.76 |
Return on Assets | 16.83 | 14.36 |
Return on Equity | 19.82 | 16.96 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 4.81 | 4.76 |
Debt/Capital | 0.01 | 0.01 |
Interest Expense | 0.11 | 0.01 |
Interest Coverage | 4405.46 | 65725.33 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 1041.57 | 1044.6 |
Div / share | 0.0 | 0.0 |
EPS | 0.35 | 0.29 |
Book value / share | 7.9 | 6.73 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 5312425.0 | 5990054.0 |
BUY. MONSTER BEVERAGE CORP's P/E ratio indicates a significant premium compared to an average of 22.25 for the Beverage and Tobacco Product Manufacturing subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 7.63 indicates a significant premium versus the S&P 500 average of 4.68 and a discount versus the subsector average of 7.67. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, MONSTER BEVERAGE CORP seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MNST 38.90 | Peers 22.25 | MNST 36.56 | Peers 19.91 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. MNST is trading at a significant premium to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. MNST is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MNST 29.17 | Peers 16.98 | MNST 2.14 | Peers 1.14 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. MNST is trading at a significant premium to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. MNST trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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MNST 7.63 | Peers 7.67 | MNST 39.01 | Peers 357.05 | |||||||||||||||||||||
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MNST is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, MNST is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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MNST 8.80 | Peers 3.77 | MNST 13.13 | Peers 9.01 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MNST is trading at a significant premium to its subsector. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. MNST has a sales growth rate that significantly exceeds its peers. |
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