Company Valuation: The Boston Beer Company, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 12,034 6,136 4,006 4,219 3,409 2,616 2,616 -
Change - -49.01% -34.71% 5.32% -19.21% -23.26% 0% -
Enterprise Value (EV) 1 11,871 6,109 3,826 3,921 3,197 2,458 2,494 2,373
Change - -48.54% -37.37% 2.49% -18.47% -23.11% 1.44% -4.82%
P/E ratio 63.9x 430x 60.3x 56.2x 59.5x 27.1x 22.8x 20x
PBR 12.6x 6.36x 3.78x 3.92x 3.72x 3.28x 3.18x 2.76x
PEG - -4.7x 0x 4x -3.2x 0.3x 1.2x 1.4x
Capitalization / Revenue 6.93x 2.98x 1.92x 2.1x 1.69x 1.33x 1.32x 1.29x
EV / Revenue 6.84x 2.97x 1.83x 1.95x 1.59x 1.25x 1.26x 1.17x
EV / EBITDA 38.3x 76.3x 19.2x 18.7x 13x 10.5x 9.85x 8.75x
EV / EBIT 48.6x 764x 42.1x 39.2x 42.1x 17.8x 16.3x 14.1x
EV / FCF 105x -73.3x 35x 19.5x 18.5x 22.9x 20.3x 17.3x
FCF Yield 0.96% -1.37% 2.86% 5.13% 5.4% 4.37% 4.93% 5.79%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 15.53 1.17 5.44 6.21 5.06 9.251 11.02 12.55
Distribution rate - - - - - - - -
Net sales 1 1,736 2,058 2,090 2,009 2,013 1,964 1,983 2,025
EBITDA 1 309.9 80.09 199.2 210 245.8 234.3 253.2 271.1
EBIT 1 244.2 7.997 90.79 100 75.97 137.9 153.1 168.3
Net income 1 192 14.55 67.26 76.25 59.7 102.7 117 130.2
Net Debt 1 -163.3 -26.85 -180.6 -298.5 -211.8 -157.8 -122.4 -242.5
Reference price 2 992.23 503.23 328.26 349.30 301.11 250.83 250.83 250.83
Nbr of stocks (in thousands) 12,128 12,193 12,204 12,080 11,320 10,429 10,429 -
Announcement Date 2/17/21 2/16/22 2/15/23 2/27/24 2/25/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.11x1.25x10.49x-.--% 2.62B
22.61x3.52x9.83x1.64% 150B
16.78x1.97x8.76x2.58% 51.41B
16.04x2.55x7.77x5.86% 47.4B
15.85x4.32x11.7x2.5% 28.3B
20.53x - - - 23.14B
16.32x2.06x9.65x3.14% 21.26B
14.74x1.27x8.92x3.03% 16.06B
22.91x1.97x7.12x4.99% 13.97B
Average 19.21x 2.36x 9.28x 2.97% 39.38B
Weighted average by Cap. 19.52x 2.92x 9.37x 2.76%

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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