We award a narrow economic moat rating to Boston Beer based on brand awareness and close distributor relations built over the decades, thanks to the firm’s commercial success in various on-trend categories including hard seltzer, hard cider, and flavored malt beverages, which make up 85% of total volume.
Boston Beer’s exclusive focus on high-end malt beverages, coupled with its strong innovation pipeline, bodes well for mid-single-digit top-line growth in the coming years.
The proliferation of products in categories beyond beer has increased the competitive ferocity, driving up customer acquisition and retention costs for Boston Beer.
|
Metric
|
SAM
|
TAP
|
STZ
|
|---|---|---|---|
Price/Earnings (Normalized) | 30.99 | 8.60 | 21.76 |
Price/Book Value | 3.33 | 0.81 | 4.92 |
Price/Sales | 1.75 | 0.91 | 4.84 |
Price/Cash Flow | 15.64 | 5.13 | 15.73 |
|
Metric
|
SAM
|
TAP
|
STZ
|
|---|---|---|---|
Quick Ratio | 1.32 | 0.38 | 0.39 |
Current Ratio | 2.14 | 0.69 | 1.19 |
Interest Coverage | — | 8.16 | 6.10 |
|
Metric
|
SAM
|
TAP
|
STZ
|
|---|---|---|---|
Return on Assets (Normalized) | 8.78% | 4.81% | 8.76% |
Return on Equity (Normalized) | 11.79% | 9.69% | 24.52% |
Return on Invested Capital (Normalized) | 10.50% | 7.21% | 11.84% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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