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Boston Beer Company

DB:BBEA
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BBEA
DB
$5B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
BBEA Share Price and Events
7 Day Returns
-1.1%
DB:BBEA
-4%
DE Beverage
-6.8%
DE Market
1 Year Returns
31.4%
DB:BBEA
10.8%
DE Beverage
6.5%
DE Market
BBEA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Boston Beer Company (BBEA) -1.1% 4% 4% 31.4% 136.1% 53.9%
DE Beverage -4% -0.6% 2.7% 10.8% 34.8% 64.1%
DE Market -6.8% -3.7% -3.6% 6.5% -2.6% -2.9%
1 Year Return vs Industry and Market
  • BBEA outperformed the Beverage industry which returned 10.8% over the past year.
  • BBEA outperformed the Market in Germany which returned 6.5% over the past year.
Price Volatility
BBEA
Industry
5yr Volatility vs Market

Value

 Is Boston Beer Company undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Boston Beer Company to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Boston Beer Company.

DB:BBEA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BBEA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.47 (1 + (1- 21%) (1.29%))
0.648
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 5.44%)
3.96%

Discounted Cash Flow Calculation for DB:BBEA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Boston Beer Company is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:BBEA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 3.96%)
2020 76.70 Analyst x3 73.78
2021 144.17 Analyst x3 133.39
2022 177.75 Analyst x2 158.19
2023 201.44 Est @ 13.33% 172.44
2024 220.00 Est @ 9.21% 181.15
2025 233.93 Est @ 6.33% 185.28
2026 244.02 Est @ 4.32% 185.91
2027 251.11 Est @ 2.9% 184.02
2028 255.92 Est @ 1.92% 180.40
2029 259.05 Est @ 1.22% 175.65
Present value of next 10 years cash flows $1,630.00
DB:BBEA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $259.05 × (1 + -0.39%) ÷ (3.96% – -0.39%)
$5,929.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,929.21 ÷ (1 + 3.96%)10
$4,020.23
DB:BBEA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,630.00 + $4,020.23
$5,650.23
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,650.23 / 12.03
$469.59
DB:BBEA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BBEA represents 0.93151x of NYSE:SAM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93151x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 469.59 x 0.93151
€437.43
Value per share (EUR) From above. €437.43
Current discount Discount to share price of €360.00
= -1 x (€360.00 - €437.43) / €437.43
17.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Boston Beer Company is available for.
Intrinsic value
18%
Share price is €360 vs Future cash flow value of €437.43
Current Discount Checks
For Boston Beer Company to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Boston Beer Company's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Boston Beer Company's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Boston Beer Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Boston Beer Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BBEA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-28) in USD $9.26
NYSE:SAM Share Price ** NYSE (2020-02-27) in USD $386.47
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 29.97x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 19.97x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Boston Beer Company.

DB:BBEA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SAM Share Price ÷ EPS (both in USD)

= 386.47 ÷ 9.26

41.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Boston Beer Company is overvalued based on earnings compared to the DE Beverage industry average.
  • Boston Beer Company is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Boston Beer Company's expected growth come at a high price?
Raw Data
DB:BBEA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
19.3%per year
Europe Beverage Industry PEG Ratio Median Figure of 30 Publicly-Listed Beverage Companies 2.56x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

DB:BBEA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.74x ÷ 19.3%

2.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Boston Beer Company is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Boston Beer Company's assets?
Raw Data
DB:BBEA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-28) in USD $61.71
NYSE:SAM Share Price * NYSE (2020-02-27) in USD $386.47
Germany Beverage Industry PB Ratio Median Figure of 7 Publicly-Listed Beverage Companies 2.36x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.77x
DB:BBEA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SAM Share Price ÷ Book Value per Share (both in USD)

= 386.47 ÷ 61.71

6.26x

* Primary Listing of Boston Beer Company.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Boston Beer Company is overvalued based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Boston Beer Company's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Boston Beer Company has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Boston Beer Company expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Boston Beer Company expected to grow at an attractive rate?
  • Boston Beer Company's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Boston Beer Company's earnings growth is expected to exceed the Germany market average.
  • Boston Beer Company's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BBEA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BBEA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 19.3%
DB:BBEA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 13.2%
Europe Beverage Industry Earnings Growth Rate Market Cap Weighted Average 7.4%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BBEA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BBEA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,397 1
2023-12-31 2,209 1
2022-12-31 2,064 305 199 5
2021-12-31 1,791 269 169 9
2020-12-31 1,570 216 141 9
2020-02-27
2019-12-31 1,232 186 114 10
DB:BBEA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-28 1,250 178 109
2019-09-28 1,174 198 117
2019-06-29 1,102 165 110
2019-03-30 1,057 188 106
2018-12-29 996 163 92
2018-09-29 977 136 101
2018-06-30 917 129 96
2018-03-31 892 131 102
2017-12-30 863 136 99
2017-09-30 876 154 90
2017-07-01 882 164 88
2017-04-01 879 140 86
2016-12-31 906 154 87

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Boston Beer Company's earnings are expected to grow by 19.3% yearly, however this is not considered high growth (20% yearly).
  • Boston Beer Company's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BBEA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Boston Beer Company Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BBEA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 15.88 18.73 14.38 4.00
2021-12-31 13.51 15.11 12.28 7.00
2020-12-31 11.49 12.08 10.43 8.00
2020-02-27
2019-12-31 9.61 9.92 9.11 8.00
DB:BBEA Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-28 9.26
2019-09-28 10.04
2019-06-29 9.56
2019-03-30 9.16
2018-12-29 7.90
2018-09-29 8.62
2018-06-30 8.21
2018-03-31 8.60
2017-12-30 8.18
2017-09-30 7.37
2017-07-01 7.13
2017-04-01 6.88
2016-12-31 6.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Boston Beer Company is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Boston Beer Company's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Boston Beer Company has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Boston Beer Company performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Boston Beer Company's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Boston Beer Company's year on year earnings growth rate has been positive over the past 5 years.
  • Boston Beer Company's 1-year earnings growth exceeds its 5-year average (18.7% vs 3.4%)
  • Boston Beer Company's earnings growth has exceeded the DE Beverage industry average in the past year (18.7% vs -11.6%).
Earnings and Revenue History
Boston Beer Company's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Boston Beer Company Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BBEA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-28 1,249.82 109.07 460.54
2019-09-28 1,173.75 116.98 426.29
2019-06-29 1,102.15 110.27 414.39
2019-03-30 1,056.84 106.01 403.95
2018-12-29 995.65 91.79 395.71
2018-09-29 976.75 100.59 399.98
2018-06-30 916.92 96.45 369.48
2018-03-31 891.75 102.08 346.32
2017-12-30 862.99 98.51 331.78
2017-09-30 876.04 90.19 313.15
2017-07-01 882.43 88.07 316.44
2017-04-01 879.31 85.59 314.27
2016-12-31 906.45 86.91 322.25
2016-09-24 902.21 80.89 331.03
2016-06-25 941.87 87.97 343.65
2016-03-26 949.26 91.27 348.00
2015-12-26 959.93 97.95 345.19
2015-09-26 962.62 100.88 338.96
2015-06-27 939.26 100.15 323.82
2015-03-28 918.67 95.64 317.02
2014-12-27 903.01 90.23 316.67
2014-09-27 890.57 89.22 315.74
2014-06-28 837.25 77.01 306.81
2014-03-29 786.97 71.29 289.29
2013-12-28 739.05 69.88 270.26
2013-09-28 686.68 68.65 247.66
2013-06-29 636.71 63.71 235.75
2013-03-30 602.88 58.29 227.61

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Boston Beer Company has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Boston Beer Company used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Boston Beer Company's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Boston Beer Company's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Boston Beer Company has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Boston Beer Company's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Boston Beer Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Boston Beer Company is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Boston Beer Company's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Boston Beer Company's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Boston Beer Company has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Boston Beer Company Company Filings, last reported 1 month ago.

DB:BBEA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-28 735.64 0.00 36.67
2019-09-28 718.98 0.00 27.13
2019-06-29 522.80 37.50 3.02
2019-03-30 489.82 0.00 102.89
2018-12-29 460.32 0.00 108.40
2018-09-29 434.55 0.00 68.89
2018-06-30 442.67 0.00 76.18
2018-03-31 436.93 0.00 46.65
2017-12-30 423.52 0.00 65.64
2017-09-30 414.29 0.00 70.05
2017-07-01 421.66 0.00 71.65
2017-04-01 435.41 0.34 59.89
2016-12-31 446.58 0.00 91.04
2016-09-24 450.24 0.47 77.27
2016-06-25 412.23 0.47 27.58
2016-03-26 435.35 0.47 51.13
2015-12-26 461.22 0.53 94.19
2015-09-26 494.80 0.47 134.61
2015-06-27 514.68 0.47 146.98
2015-03-28 495.12 0.53 122.16
2014-12-27 436.14 0.58 76.40
2014-09-27 412.38 0.58 57.18
2014-06-28 371.73 0.58 31.28
2014-03-29 344.10 0.58 27.98
2013-12-28 302.09 0.64 49.52
2013-09-28 281.42 0.64 43.73
2013-06-29 253.54 0.82 24.87
2013-03-30 245.60 0.80 32.29
  • Boston Beer Company has no debt.
  • Boston Beer Company has no debt compared to 5 years ago when it was 0.1%.
  • Boston Beer Company has no debt, it does not need to be covered by operating cash flow.
  • Boston Beer Company has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Boston Beer Company's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Boston Beer Company has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Boston Beer Company's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Boston Beer Company dividends. Estimated to be 0% next year.
If you bought €2,000 of Boston Beer Company shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Boston Beer Company's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Boston Beer Company's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BBEA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BBEA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.00 2.00
2021-12-31 0.00 4.00
2020-12-31 0.00 4.00
2020-02-27
2019-12-31 0.00 4.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Boston Beer Company has not reported any payouts.
  • Unable to verify if Boston Beer Company's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Boston Beer Company's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Boston Beer Company has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Boston Beer Company's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Boston Beer Company's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Boston Beer Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Boston Beer Company has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Boston Beer Company's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Burwick
COMPENSATION $20,037,668
AGE 57
TENURE AS CEO 1.8 years
CEO Bio

Mr. David A. Burwick, also known as Dave, has been the President and Chief Executive Officer at The Boston Beer Company, Inc. since April 2018.. Mr. Burwick was Chief Executive Officer and President of Peet's Coffee & Tea, Inc., since December 2012. Mr. Burwick served as the President of Weight Watchers North America, Inc. He oversaw Weight Watchers's largest business unit, its North American meetings operations, which included North American products, publishing and licensing businesses, as well as marketing oversight for the full range of its North American products and services and the internet offerings. He served as the President of North America Operations at Weight Watchers International, Inc. from April 30, 2010 to December 2012. Mr. Burwick served as the Senior Vice President and Chief Marketing Officer for North America Beverages at Pepsico, Inc. from June 2002 to September 2009. He served as President of Pepsi-QTG Canada Operations of Pepsico, Inc. from November 14, 2005 to March 2008. He served as an Executive Vice President of Commercial Operations at Pepsico International Inc. He has extensive experience in marketing consumer product goods and brand development. He served as President of Pepsi-Quaker Tropicana Gatorade in Canada of PepsiCo Inc. since November 14, 2005 until March 2008. He joined Pepsi in 1989 and served as its Vice President of Marketing, Consumer Promotions & Sports since 1998. He has been an Independent Non-Executive Director of Boston Beer Co., Inc. since February 15, 2005. Mr. Burwick has an MBA from Harvard Business School and a BA from Middlebury College.

CEO Compensation
  • Dave's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Dave's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Boston Beer Company management team in years:

4
Average Tenure
54.5
Average Age
  • The tenure for the Boston Beer Company management team is about average.
Management Team

Jim Koch

TITLE
Founder & Chairman of the Board
COMPENSATION
$2M
AGE
69
TENURE
36.1 yrs

Dave Burwick

TITLE
President
COMPENSATION
$20M
AGE
57
TENURE
1.8 yrs

Frank Smalla

TITLE
CFO & Treasurer
COMPENSATION
$2M
AGE
53
TENURE
4 yrs

John Geist

TITLE
Chief Sales Officer
COMPENSATION
$2M
AGE
59
TENURE
4.1 yrs

Quincy Troupe

TITLE
Senior Vice President of Supply Chain
COMPENSATION
$1M
AGE
53
TENURE
4.1 yrs

Sam Calagione

TITLE
Founder & Brewer of Dogfish Head

Matt Murphy

TITLE
Chief Accounting Officer
AGE
50
TENURE
4.5 yrs

Tara Heath

TITLE
VP of Legal & Deputy General Counsel
AGE
44
TENURE
3.6 yrs

Lesya Lysyj

TITLE
Chief Marketing Officer
AGE
56
TENURE
0.8 yrs

Michael Andrews

TITLE
Associate General Counsel & Corporate Secretary
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure and age of the Boston Beer Company board of directors in years:

3.8
Average Tenure
58
Average Age
  • The tenure for the Boston Beer Company board of directors is about average.
Board of Directors

Dave Burwick

TITLE
President
COMPENSATION
$20M
AGE
57
TENURE
15 yrs

Jean-Michel Valette

TITLE
Lead Director
COMPENSATION
$176K
AGE
58
TENURE
6.8 yrs

Jim Koch

TITLE
Founder & Chairman of the Board
COMPENSATION
$2M
AGE
69

Michael Spillane

TITLE
Independent Director
COMPENSATION
$157K
AGE
59
TENURE
3.8 yrs

David Fialkow

TITLE
Independent Director
COMPENSATION
$157K
AGE
60
TENURE
3.8 yrs

Cynthia Fisher

TITLE
Non-Executive Director
COMPENSATION
$145K
AGE
58
TENURE
8.1 yrs

Meghan Joyce

TITLE
Independent Director
AGE
34
TENURE
0.9 yrs

Julio Nemeth

TITLE
Independent Director
AGE
58
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Boston Beer Company's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Boston Beer Company has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The company’s flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach, Wild Leaf, and Tura brand names. The company markets and sells its products to a network of approximately 400 wholesalers in the United States, as well as international wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other retail outlets. It also sells in products in Canada, Europe, Israel, Australia, New Zealand, the Caribbean, the Pacific Rim, Mexico, and Central and South America. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts.

Details
Name: The Boston Beer Company, Inc.
BBEA
Exchange: DB
Founded: 1984
$4,360,486,064
12,032,275
Website: http://www.bostonbeer.com
Address: The Boston Beer Company, Inc.
One Design Center Place,
Suite 850,
Boston,
Massachusetts, 02210,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SAM Class A Common Stock New York Stock Exchange US USD 21. Nov 1995
DB BBEA Class A Common Stock Deutsche Boerse AG DE EUR 21. Nov 1995
Number of employees
Current staff
Staff numbers
2,128
Boston Beer Company employees.
Industry
Brewers
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/27 22:21
End of day share price update: 2020/02/27 00:00
Last estimates confirmation: 2020/02/26
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/28
Last annual earnings reported: 2019/12/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.