MONSTER BEVERAGE CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 53.37 USD | +0.41% |
|
+0.43% | -7.36% |
| Apr. 26 | North American Morning Briefing : Tech Still in -2- | DJ |
| Apr. 25 | The specter of stagflation rears its ugly head again |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 34,170 | 48,822 | 50,819 | 53,011 | 59,940 | 55,539 | - | - |
| Enterprise Value (EV) 1 | 32,839 | 46,760 | 47,742 | 50,342 | 63,193 | 52,286 | 51,620 | 50,511 |
| P/E ratio | 31.3 x | 35 x | 37.4 x | 45.5 x | 37.4 x | 29.5 x | 26.1 x | 23.3 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 8.13 x | 10.6 x | 9.17 x | 8.4 x | 8.39 x | 6.99 x | 6.35 x | 5.75 x |
| EV / Revenue | 7.82 x | 10.2 x | 8.62 x | 7.98 x | 8.85 x | 6.58 x | 5.9 x | 5.23 x |
| EV / EBITDA | 22.2 x | 27.2 x | 25.8 x | 30.6 x | 31.2 x | 21.4 x | 18.8 x | 16.5 x |
| EV / FCF | 32.4 x | 35.5 x | 42.9 x | 72 x | 42.2 x | 30.2 x | 24.9 x | 22.9 x |
| FCF Yield | 3.08% | 2.81% | 2.33% | 1.39% | 2.37% | 3.31% | 4.02% | 4.36% |
| Price to Book | 8.18 x | 9.46 x | 7.74 x | 7.55 x | 7.41 x | 6.11 x | 5.39 x | 4.51 x |
| Nbr of stocks (in thousands) | 1,075,363 | 1,055,834 | 1,058,278 | 1,044,251 | 1,040,441 | 1,040,636 | - | - |
| Reference price 2 | 31.78 | 46.24 | 48.02 | 50.76 | 57.61 | 53.37 | 53.37 | 53.37 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
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 | 7,946 | 8,746 | 9,655 |
| EBITDA 1 | 1,479 | 1,721 | 1,848 | 1,646 | 2,022 | 2,449 | 2,752 | 3,069 |
| EBIT 1 | 1,414 | 1,660 | 1,797 | 1,585 | 1,953 | 2,356 | 2,657 | 2,950 |
| Operating Margin | 33.67% | 36.1% | 32.44% | 25.11% | 27.36% | 29.65% | 30.38% | 30.56% |
| Earnings before Tax (EBT) 1 | 1,416 | 1,626 | 1,801 | 1,572 | 2,068 | 2,439 | 2,749 | 3,047 |
| Net income 1 | 1,108 | 1,410 | 1,377 | 1,192 | 1,631 | 1,891 | 2,116 | 2,348 |
| Net margin | 26.37% | 30.65% | 24.86% | 18.88% | 22.84% | 23.8% | 24.19% | 24.32% |
| EPS 2 | 1.015 | 1.320 | 1.285 | 1.115 | 1.540 | 1.808 | 2.045 | 2.294 |
| Free Cash Flow 1 | 1,012 | 1,315 | 1,112 | 699 | 1,496 | 1,733 | 2,076 | 2,203 |
| FCF margin | 24.09% | 28.61% | 20.07% | 11.08% | 20.96% | 21.81% | 23.73% | 22.81% |
| FCF Conversion (EBITDA) | 68.43% | 76.44% | 60.18% | 42.47% | 73.99% | 70.77% | 75.44% | 71.76% |
| FCF Conversion (Net income) | 91.36% | 93.32% | 80.72% | 58.66% | 91.74% | 91.63% | 98.11% | 93.79% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
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 | 1,904 | 2,070 | 2,054 | 1,907 | 2,091 |
| EBITDA 1 | 457.7 | 422.3 | 414.1 | 388.8 | 433.5 | 409.6 | 501.9 | 539.4 | 528.5 | 452.5 | 590.1 | 642.2 | 632.6 | 575.4 | 665.3 |
| EBIT 1 | 444.5 | 412.9 | 399.5 | 373 | 417.9 | 394.4 | 485.1 | 523.8 | 510.5 | 434 | 572 | 620.9 | 611.3 | 550.5 | 648.8 |
| Operating Margin | 31.51% | 28.97% | 26.31% | 22.53% | 25.73% | 26.07% | 28.55% | 28.24% | 27.51% | 25.08% | 30.04% | 29.99% | 29.76% | 28.86% | 31.04% |
| Earnings before Tax (EBT) 1 | 442.2 | 419 | 392.2 | 366.2 | 420.1 | 393.5 | 497.6 | 539 | 581.9 | 450.1 | 592.5 | 641.5 | 632.7 | 570.7 | 672.4 |
| Net income 1 | 337.2 | 321.3 | 294.2 | 273.4 | 322.4 | 301.7 | 397.4 | 413.9 | 452.7 | 367 | 458.5 | 496 | 490 | 441.6 | 519.8 |
| Net margin | 23.91% | 22.55% | 19.37% | 16.51% | 19.85% | 19.94% | 23.39% | 22.31% | 24.39% | 21.21% | 24.08% | 23.96% | 23.85% | 23.16% | 24.86% |
| EPS 2 | 0.3150 | 0.3000 | 0.2750 | 0.2550 | 0.3000 | 0.2850 | 0.3800 | 0.3900 | 0.4300 | 0.3500 | 0.4363 | 0.4727 | 0.4696 | 0.4299 | 0.4900 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 2/24/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/28/23 | 5/4/23 | 8/3/23 | 11/2/23 | 2/28/24 | - | - | - | - | - |
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 | - | 3,253 | 3,919 | 5,028 |
| Leverage (Debt/EBITDA) | - | - | - | - | 1.609 x | - | - | - |
| Free Cash Flow 1 | 1,012 | 1,315 | 1,112 | 699 | 1,496 | 1,733 | 2,076 | 2,203 |
| ROE (net income / shareholders' equity) | 28.5% | 30.2% | 23.5% | 17.5% | 21.4% | 21.4% | 20.9% | 19.7% |
| ROA (Net income/ Total Assets) | 22.9% | 24.8% | 19.7% | 14.8% | 18.1% | 17.9% | 18% | 17.2% |
| Assets 1 | 4,839 | 5,677 | 7,004 | 8,049 | 8,990 | 10,577 | 11,742 | 13,647 |
| Book Value Per Share 2 | 3.890 | 4.890 | 6.200 | 6.730 | 7.780 | 8.740 | 9.910 | 11.80 |
| Cash Flow per Share 2 | 1.020 | 1.280 | 1.080 | 0.8300 | 0.4100 | 1.770 | 2.120 | 2.400 |
| Capex 1 | 102 | 48.7 | 43.9 | 189 | 221 | 195 | 207 | 229 |
| Capex / Sales | 2.42% | 1.06% | 0.79% | 2.99% | 3.1% | 2.46% | 2.37% | 2.37% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
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
26
Last Close Price
53.37
USD
Average target price
62.62
USD
Spread / Average Target
+17.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.36% | 55.54B | |
| +9.16% | 11B | |
| -21.21% | 1.76B | |
| +21.36% | 55.36M |
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