We award a narrow economic moat rating to Boston Beer based on brand awareness and close distributor relations built over 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) | 30.60 | 11.57 | 21.71 |
Price/Book Value | 3.29 | 1.02 | 4.91 |
Price/Sales | 1.73 | 1.17 | 4.83 |
Price/Cash Flow | 15.44 | 6.83 | 15.69 |
|
Metric
|
SAM
|
TAP
|
STZ
|
|---|---|---|---|
Quick Ratio | 1.32 | 0.43 | 0.29 |
Current Ratio | 2.14 | 0.70 | 1.05 |
Interest Coverage | — | 6.24 | 5.41 |
|
Metric
|
SAM
|
TAP
|
STZ
|
|---|---|---|---|
Return on Assets (Normalized) | 7.12% | 4.49% | 8.76% |
Return on Equity (Normalized) | 9.57% | 9.09% | 24.52% |
Return on Invested Capital (Normalized) | 8.47% | 6.81% | 11.84% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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