National Beverage Corp.
Celebrating its 40 th anniversary in November 2025, National Beverage Corp. innovatively refreshes America with a distinctive portfolio of sparkling waters, juices, energy drinks and, to a lesser extent, carbonated soft drinks. We believe our creative product designs, innovative packaging and imaginative flavors, along with our corporate culture and philosophy, make National Beverage unique as …
$34.83
-$0.30 (-0.85%)
EOD Oct 21, 2026
19.49% operating margin is respectable but not wide. ROIC at 28.61%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 1.7% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 31.44% to 28.61%, capital efficiency is deteriorating.
18.7x earnings, 20.1x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.18B
▼ -1.7% YoY
Net Income (TTM)
$175M
▼ -1.7% YoY
Op. Margin
18.45%
▼ -0.1pp YoY
ROIC
27.33%
▼ -2.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$162M
▼ -8.4% YoY
Op. Cash Flow (TTM)
$187M
▼ -12.3% YoY
Net Debt
-$48M
Net Cash Position
Cash & Equiv.
$107M
5Y CAGR: +1.9%
5Y CAGR: -1.5%
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SourceComputed from the 10-Q filed 8 Sept 2026, covering the period ending 1 Aug 2026, as reported to the SEC. Data last refreshed 11 Sept 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends May. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is National Beverage (FIZZ) overvalued?
At a P/E of 18.7 and a price-to-free-cash-flow of 20.1, National Beverage (FIZZ) trades below a two-stage DCF intrinsic value of about $46.77 per share, so at $34.83 the stock looks undervalued (34.3% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, National Beverage scores 68/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 9.3%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is National Beverage's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $46.77 per share for FIZZ, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $35.08. At today's $34.83, that puts the stock about 34.3% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is National Beverage a high-quality business?+
National Beverage scores 68 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 18.4% operating margin and a 27.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does National Beverage (FIZZ) pay a dividend, and how much?+
Yes, National Beverage pays a regular dividend of about $3.25 per share per year (typically in quarterly installments), a yield of roughly 9.3% at the current price. That is a payout ratio of about 174.0% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For FIZZ's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is National Beverage a good stock to buy right now?+
That depends on valuation and quality together, not either alone. FIZZ currently trades below its estimated intrinsic value and scores 68/100 on quality (solid). It also yields about 9.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Bottled & Canned Soft Drinks & Carbonated Waters
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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