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Fevertree Drinks

DB:FV8
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FV8
DB
£3B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Fevertree Drinks Plc, together with its subsidiaries, develops and supplies premium mixer drinks in the United Kingdom, the United States, Europe, and internationally. The last earnings update was 81 days ago. More info.


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FV8 Share Price and Events
7 Day Returns
-10.4%
DB:FV8
-0.2%
DE Beverage
2.5%
DE Market
1 Year Returns
-29%
DB:FV8
4.9%
DE Beverage
2.6%
DE Market
FV8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fevertree Drinks (FV8) -10.4% -6.3% -3% -29% 122% -
DE Beverage -0.2% 2.3% -1.1% 4.9% 24.3% 68.1%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • FV8 underperformed the Beverage industry which returned 4.9% over the past year.
  • FV8 underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
FV8
Industry
5yr Volatility vs Market

Value

 Is Fevertree Drinks 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 Fevertree Drinks 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 Fevertree Drinks.

DB:FV8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:FV8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.508 (1 + (1- 19%) (0.08%))
0.67
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)
= 0.23% + (0.8 * 6.65%)
5.55%

Discounted Cash Flow Calculation for DB:FV8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fevertree Drinks 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:FV8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 5.55%)
2020 66.74 Analyst x9 63.23
2021 76.73 Analyst x9 68.88
2022 91.90 Analyst x2 78.16
2023 106.00 Analyst x1 85.41
2024 115.81 Est @ 9.25% 88.41
2025 123.38 Est @ 6.54% 89.24
2026 129.12 Est @ 4.65% 88.48
2027 133.41 Est @ 3.32% 86.61
2028 136.60 Est @ 2.39% 84.03
2029 138.99 Est @ 1.74% 81.00
Present value of next 10 years cash flows £813.00
DB:FV8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £138.99 × (1 + 0.23%) ÷ (5.55% – 0.23%)
£2,618.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £2,618.51 ÷ (1 + 5.55%)10
£1,526.00
DB:FV8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £813.00 + £1,526.00
£2,339.00
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £2,339.00 / 116.13
£20.14
DB:FV8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FV8 represents 1.07198x of AIM:FEVR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.07198x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 20.14 x 1.07198
€21.59
Value per share (EUR) From above. €21.59
Current discount Discount to share price of €23.53
= -1 x (€23.53 - €21.59) / €21.59
-9%

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

  • The current share price of Fevertree Drinks is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Fevertree Drinks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fevertree Drinks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FV8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.55
AIM:FEVR Share Price ** AIM (2019-10-11) in GBP £21.95
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.57x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Fevertree Drinks.

DB:FV8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:FEVR Share Price ÷ EPS (both in GBP)

= 21.95 ÷ 0.55

40.03x

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

  • Fevertree Drinks is overvalued based on earnings compared to the DE Beverage industry average.
  • Fevertree Drinks is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Fevertree Drinks's expected growth come at a high price?
Raw Data
DB:FV8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
10.5%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.84x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:FV8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.03x ÷ 10.5%

3.81x

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

  • Fevertree Drinks is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fevertree Drinks's assets?
Raw Data
DB:FV8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £1.73
AIM:FEVR Share Price * AIM (2019-10-11) in GBP £21.95
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.56x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:FV8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:FEVR Share Price ÷ Book Value per Share (both in GBP)

= 21.95 ÷ 1.73

12.71x

* Primary Listing of Fevertree Drinks.

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

  • Fevertree Drinks is overvalued based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Fevertree Drinks'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. Fevertree Drinks 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 Fevertree Drinks expected to perform in the next 1 to 3 years based on estimates from 12 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
10.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fevertree Drinks expected to grow at an attractive rate?
  • Fevertree Drinks's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Fevertree Drinks's earnings growth is positive but not above the Germany market average.
  • Fevertree Drinks's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FV8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FV8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 10.5%
DB:FV8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 12.3%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.7%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:FV8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FV8 Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 441 111 99 4
2022-12-31 403 98 92 5
2021-12-31 364 86 85 11
2020-12-31 319 75 75 11
2019-12-31 276 65 66 12
2019-10-12
DB:FV8 Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 251 67 64
2019-03-31 244 56 63
2018-12-31 237 46 62
2018-09-30 220 37 57
2018-06-30 202 29 53
2018-03-31 186 32 49
2017-12-31 170 34 46
2017-09-30 152 32 42
2017-06-30 134 30 38
2017-03-31 118 25 33
2016-12-31 102 21 27
2016-09-30 89 18 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fevertree Drinks's earnings are expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).
  • Fevertree Drinks's revenue is expected to grow by 12.3% 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:FV8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Fevertree Drinks Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FV8 Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.93 0.93 0.93 1.00
2022-12-31 0.83 0.83 0.83 1.00
2021-12-31 0.74 0.76 0.72 8.00
2020-12-31 0.65 0.67 0.64 8.00
2019-12-31 0.57 0.58 0.56 9.00
2019-10-12
DB:FV8 Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.55
2019-03-31 0.54
2018-12-31 0.53
2018-09-30 0.49
2018-06-30 0.46
2018-03-31 0.43
2017-12-31 0.39
2017-09-30 0.36
2017-06-30 0.33
2017-03-31 0.28
2016-12-31 0.24
2016-09-30 0.20

*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.
  • Fevertree Drinks is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Fevertree Drinks'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 Germany 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.
Fevertree Drinks 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 Fevertree Drinks 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 Fevertree Drinks'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.
  • Fevertree Drinks has delivered over 20% year on year earnings growth in the past 5 years.
  • Fevertree Drinks's 1-year earnings growth is less than its 5-year average (21.1% vs 48.6%)
  • Fevertree Drinks's earnings growth has exceeded the DE Beverage industry average in the past year (21.1% vs -2%).
Earnings and Revenue History
Fevertree Drinks'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 Fevertree Drinks Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FV8 Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 250.55 63.64 49.36
2019-03-31 244.00 62.71 47.75
2018-12-31 237.45 61.78 46.14
2018-09-30 219.95 57.15 43.72
2018-06-30 202.44 52.53 41.29
2018-03-31 186.31 49.02 37.43
2017-12-31 170.17 45.51 33.57
2017-09-30 151.88 41.51 29.84
2017-06-30 133.60 37.51 26.10
2017-03-31 117.92 32.50 23.72
2016-12-31 102.24 27.50 21.33
2016-09-30 89.00 22.55 19.62
2016-06-30 75.77 17.60 17.90
2016-03-31 67.51 15.47 15.39
2015-12-31 59.25 13.33 12.89
2015-09-30 51.57 9.56 11.70
2015-06-30 43.89 5.80 10.52
2015-03-31 39.29 3.55 9.69
2014-12-31 34.69 1.30 8.86
2014-09-30 31.71 1.18 6.59
2014-06-30 30.12 0.78 6.73
2014-03-31 27.41 -0.77 7.59
2013-12-31 24.69 -2.33 8.46
2012-12-31 16.25 2.65 3.65

*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.
  • Fevertree Drinks has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Fevertree Drinks used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Fevertree Drinks has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fevertree Drinks'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.
Fevertree Drinks has a total score of 5/6, 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 Fevertree Drinks'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 Fevertree Drinks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fevertree Drinks is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fevertree Drinks's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fevertree Drinks'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.
  • Low level of unsold assets.
  • Fevertree Drinks 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 Fevertree Drinks Company Filings, last reported 3 months ago.

DB:FV8 Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 200.54 0.00 104.10
2019-03-31 200.54 0.00 104.10
2018-12-31 183.17 6.08 89.72
2018-09-30 183.17 6.08 89.72
2018-06-30 148.86 6.08 62.50
2018-03-31 148.86 6.08 62.50
2017-12-31 130.08 6.06 56.96
2017-09-30 130.08 6.06 56.96
2017-06-30 103.55 6.07 46.58
2017-03-31 103.55 6.07 46.58
2016-12-31 88.99 6.08 32.96
2016-09-30 88.99 6.08 32.96
2016-06-30 72.31 6.09 24.71
2016-03-31 72.31 6.09 24.71
2015-12-31 65.42 6.07 17.64
2015-09-30 65.42 6.07 17.64
2015-06-30 58.11 6.10 13.98
2015-03-31 58.11 6.10 13.98
2014-12-31 53.27 6.26 9.59
2014-09-30 53.27 6.26 9.58
2014-06-30 -0.82 53.66 3.94
2014-03-31 -0.82 53.66 3.94
2013-12-31 -1.47 52.53 3.40
2012-12-31 7.61 0.00 4.15
  • Fevertree Drinks has no debt.
  • Fevertree Drinks currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Fevertree Drinks has no debt, it does not need to be covered by operating cash flow.
  • Fevertree Drinks has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Fevertree Drinks'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. Fevertree Drinks 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 Fevertree Drinks'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
0.66%
Current annual income from Fevertree Drinks dividends. Estimated to be 0.88% next year.
If you bought €2,000 of Fevertree Drinks shares you are expected to receive €13 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?
  • Fevertree Drinks's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Fevertree Drinks's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:FV8 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 12 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:FV8 Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.27 2.00
2022-12-31 0.24 3.00
2021-12-31 0.21 12.00
2020-12-31 0.18 12.00
2019-12-31 0.16 13.00
2019-10-12
DB:FV8 Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.145 0.597
2019-03-26 0.145 0.484
2018-03-26 0.107 0.367
2018-03-13 0.107 0.375
2017-04-04 0.063 0.310
2017-03-21 0.063 0.422
2016-03-22 0.031 0.345
2016-03-14 0.031 0.477
2015-07-27 0.016 0.309
2015-04-01 0.003 0.101
2015-03-23 0.003 0.128

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

  • Fevertree Drinks is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Fevertree Drinks is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Fevertree Drinks's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Fevertree Drinks's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Fevertree Drinks's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Fevertree Drinks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fevertree Drinks has a total score of 1/6, 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 Fevertree Drinks'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
Tim Warrillow
COMPENSATION £3,981,000
AGE 44
CEO Bio

Mr. Timothy Daniel Gray Warrillow, also known as Tim, is a Co-Founder, Chief Executive Officer and Executive Director at Fevertree Drinks Plc. Mr. Warrillow joined a London-based advertising and branding agency. Subsequently, he launched the Business Development Consultancy and it was in this role that he made contact with Charles Rolls, which resulted in the formation of Fever-Tree. Mr. Warrillow has a Business Management and Marketing degree from Newcastle University, specializing in Food.

CEO Compensation
  • Tim's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tim's remuneration is higher than average for companies of similar size in Germany.
Management Team

Tim Warrillow

TITLE
Co-Founder
COMPENSATION
£4M
AGE
44

Charles Rolls

TITLE
Co-Founder & Non-Executive Deputy Chairman
AGE
62

Andy Branchflower

TITLE
Finance Director
COMPENSATION
£2M
AGE
40
TENURE
6.1 yrs

Oliver Winters

TITLE
Communications & IR Director

Saskia Stoop

TITLE
Head of Marketing
AGE
35

Claire Huntingford

TITLE
Head of Supply Chain
AGE
38

Charles Gibb

TITLE
Global Strategy Director & CEO of North American
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Fevertree Drinks board of directors in years:

3.3
Average Tenure
55
Average Age
  • The tenure for the Fevertree Drinks board of directors is about average.
Board of Directors

Bill Ronald

TITLE
Non-Executive Chairman
COMPENSATION
£125K
AGE
63
TENURE
6.3 yrs

Tim Warrillow

TITLE
Co-Founder
COMPENSATION
£4M
AGE
44

Charles Rolls

TITLE
Co-Founder & Non-Executive Deputy Chairman
AGE
62

Andy Branchflower

TITLE
Finance Director
COMPENSATION
£2M
AGE
40
TENURE
5 yrs

Coline McConville

TITLE
Independent Non-Executive Director
COMPENSATION
£58K
AGE
55
TENURE
4.9 yrs

Domenic De Lorenzo

TITLE
Independent Non-Executive Director
COMPENSATION
£30K
AGE
55
TENURE
1.4 yrs

Kevin Havelock

TITLE
Independent Non-executive Director
COMPENSATION
£46K
AGE
61
TENURE
1.8 yrs

Jeff Popkin

TITLE
Independent Non Executive Director
COMPENSATION
£46K
AGE
54
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Fevertree Drinks individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Aug 19 Buy Jeff Popkin Individual 15. Aug 19 15. Aug 19 2,000 €23.63 €47,263
25. Jul 19 Buy Kevin Havelock Individual 24. Jul 19 24. Jul 19 13,298 €24.66 €324,673
07. Dec 18 Buy Jeff Popkin Individual 06. Dec 18 06. Dec 18 2,933 €26.02 €76,189
X
Management checks
We assess Fevertree Drinks'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. Fevertree Drinks 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

Fevertree Drinks Plc, together with its subsidiaries, develops and supplies premium mixer drinks in the United Kingdom, the United States, Europe, and internationally. The company’s products include Indian tonic water, Mediterranean tonic water, elderflower tonic water, aromatic tonic water, Clementine tonic water, citrus tonic water lemon tonic water, ginger beer, ginger ale, smoky ginger ale, spiced orange ginger ale, Madagascan cola, Sicilian lemonade, lemonade, and spring soda water. It sells its products under Fever-Tree brand name to bars and restaurants. The company was formerly known as Fevertree Topco Limited and changed its name to Fevertree Drinks Plc in October 2014. Fevertree Drinks Plc was incorporated in 2013 and is headquartered in London, the United Kingdom.

Details
Name: Fevertree Drinks Plc
FV8
Exchange: DB
Founded: 2013
£2,925,861,474
116,127,158
Website: http://www.fever-tree.com
Address: Fevertree Drinks Plc
186 -188 Shepherds Bush Road,
London,
Greater London, W6 7NL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM FEVR Ordinary Shares London Stock Exchange AIM Market GB GBP 07. Nov 2014
OTCPK FQVT.F Ordinary Shares Pink Sheets LLC US USD 07. Nov 2014
DB FV8 Ordinary Shares Deutsche Boerse AG DE EUR 07. Nov 2014
Number of employees
Current staff
Staff numbers
135
Fevertree Drinks employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:42
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/04
Last earnings filing: 2019/07/23
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.