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When used in this Report, unless otherwise indicated, the terms the "Company, Celsius, we, us and our refer to Celsius Holdings, Inc. and its subsidiaries. Definitions of certain capitalized terms used in this Report are included within the Master Glossary.
$30.54
$0.34 (-1.10%)
Last close via Marketstack
Operating margin is thin at 5.61%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 85.5%, still solid. Margins contracted 5.9pp, which offsets some of the top-line progress.
At 71x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 30.81% to 10.80%, capital efficiency is deteriorating.
71.0x earnings, 27.1x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.97B
▲ +85.5% YoY
Net Income (TTM)
$174M
▼ -25.6% YoY
Op. Margin
7.68%
▼ -5.9pp YoY
ROIC
9.99%
▼ -20.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$293M
▲ +35.0% YoY
Op. Cash Flow (TTM)
$330M
▲ +36.7% YoY
Net Debt
$127M
Cash & Equiv.
$549M
5Y CAGR: +80.7%
5Y CAGR: +158.1%
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