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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 98.08
SAM's Cash to Debt is ranked higher than
88% of the 269 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 0.35 vs. SAM: 98.08 )
SAM' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 98.08

Equity to Asset 0.72
SAM's Equity to Asset is ranked higher than
88% of the 258 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 0.52 vs. SAM: 0.72 )
SAM' s 10-Year Equity to Asset Range
Min: 0.63   Max: 0.76
Current: 0.72

0.63
0.76
F-Score: 8
Z-Score: 16.98
M-Score: -2.77
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating margin (%) 16.13
SAM's Operating margin (%) is ranked higher than
85% of the 277 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 13.42 vs. SAM: 16.13 )
SAM' s 10-Year Operating margin (%) Range
Min: 3.22   Max: 20.21
Current: 16.13

3.22
20.21
Net-margin (%) 10.08
SAM's Net-margin (%) is ranked higher than
82% of the 277 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 7.46 vs. SAM: 10.08 )
SAM' s 10-Year Net-margin (%) Range
Min: 1.85   Max: 12.88
Current: 10.08

1.85
12.88
ROE (%) 26.22
SAM's ROE (%) is ranked higher than
94% of the 278 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 8.32 vs. SAM: 26.22 )
SAM' s 10-Year ROE (%) Range
Min: 5.91   Max: 37.71
Current: 26.22

5.91
37.71
ROA (%) 18.23
SAM's ROA (%) is ranked higher than
96% of the 278 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 3.96 vs. SAM: 18.23 )
SAM' s 10-Year ROA (%) Range
Min: 3.87   Max: 24.88
Current: 18.23

3.87
24.88
ROC (Joel Greenblatt) (%) 44.47
SAM's ROC (Joel Greenblatt) (%) is ranked higher than
93% of the 278 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 20.46 vs. SAM: 44.47 )
SAM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 14.49   Max: 102.53
Current: 44.47

14.49
102.53
Revenue Growth (%) 18.90
SAM's Revenue Growth (%) is ranked higher than
96% of the 252 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 4.40 vs. SAM: 18.90 )
SAM' s 10-Year Revenue Growth (%) Range
Min: -2.7   Max: 31.8
Current: 18.9

-2.7
31.8
EBITDA Growth (%) 14.10
SAM's EBITDA Growth (%) is ranked higher than
87% of the 238 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 4.80 vs. SAM: 14.10 )
SAM' s 10-Year EBITDA Growth (%) Range
Min: -3.7   Max: 68.9
Current: 14.1

-3.7
68.9
EPS Growth (%) 14.00
SAM's EPS Growth (%) is ranked higher than
85% of the 218 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 6.00 vs. SAM: 14.00 )
SAM' s 10-Year EPS Growth (%) Range
Min: -19.4   Max: 104.8
Current: 14

-19.4
104.8
» SAM's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

SAM Guru Trades in Q4 2013

Murray Stahl 2,216 sh (+62.58%)
Jim Simons 95,700 sh (+6.45%)
Ron Baron 329,381 sh (-0.03%)
Ken Fisher 408,224 sh (-2.72%)
Mario Gabelli 93,900 sh (-11.08%)
» More
Q1 2014

SAM Guru Trades in Q1 2014

Jim Simons 161,730 sh (+69%)
Murray Stahl 3,174 sh (+43.23%)
Ron Baron 330,101 sh (+0.22%)
Mario Gabelli 88,600 sh (-5.64%)
Ken Fisher 331,529 sh (-18.79%)
» More
Q2 2014

SAM Guru Trades in Q2 2014

Murray Stahl 3,541 sh (+11.56%)
Jim Simons 172,900 sh (+6.91%)
Ron Baron 330,101 sh (unchged)
Ken Fisher 325,872 sh (-1.71%)
Mario Gabelli 74,100 sh (-16.37%)
» More
Q3 2014

SAM Guru Trades in Q3 2014

Murray Stahl 3,791 sh (+7.06%)
Ron Baron 328,830 sh (-0.39%)
Ken Fisher 321,527 sh (-1.33%)
Mario Gabelli 68,450 sh (-7.62%)
Jim Simons 124,500 sh (-27.99%)
» More
» Details

Insider Trades

Latest Guru Trades with SAM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2013-09-30 Sold Out 0.23%$174.35 - $248.97 $ 285.0738%0
John Hussman 2013-06-30 New Buy0.23%$145.22 - $172.83 $ 285.0780%30000
Ron Baron 2013-06-30 Add 105.56%0.14%$145.22 - $172.83 $ 285.0780%316484
Ron Baron 2012-12-31 Add 163.79%0.08%$105.19 - $139.24 $ 285.07147%153965
Ken Fisher 2012-09-30 New Buy0.11%$101.04 - $127.01 $ 285.07157%360286
Ron Baron 2012-09-30 New Buy0.04%$101.04 - $127.01 $ 285.07157%58366
Joel Greenblatt 2012-06-30 Sold Out 0.16%$97.87 - $119.35 $ 285.07167%0
Joel Greenblatt 2012-03-31 Add 29.75%0.04%$94.52 - $107 $ 285.07200%16887
Joel Greenblatt 2011-09-30 New Buy0.16%$73.34 - $92.31 $ 285.07241%13523
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Boston Beer Co Inc

Ron Baron Comments on The Boston Beer Company Inc. - Aug 07, 2013

During the second quarter, we added to our position in The Boston Beer Company, Inc. (SAM), best known for its Sam Adams brand. Founded in 1984 by sixth generation brewer Jim Koch, Boston Beer is the largest craft brewer in the United States, selling three million barrels annually and generating close to $700 million in sales.While craft beer represents just 7% of the U.S. beer industry by volume, it is one of the fastest and most exciting growth segments in the beverage space. More flavorful and exotic brews are rapidly taking share from 'big beer' brands such as Budweiser and Miller and increasingly even wine and spirits. This is occurring as consumers seek out more variety, more flavor and better quality ingredients from their beers, similar to what the wine industry experienced several decades ago. We believe Boston Beer remains the clear innovator and leader in this category with the broadest portfolio and frequent new product introductions. Though they have the largest share of craft, Boston Beer represents just a little over 1% of the overall U.S. beer market, offering meaningful opportunities to leverage its infrastructure and gain wider distribution across the country. (Matt Weiss)

From Ron Baron’s second quarter 2013 commentary.


Check out Ron Baron latest stock trades

Baron Funds Comments on Boston Beer Company - Feb 06, 2013

We initiated a new position during the quarter in The Boston Beer Company, Inc. (SAM) best known for its Samuel Adams brand. Founded in 1984 by sixth generation brewer Jim Koch, Boston Beer is the largest craft brewer in the United States, selling approximately three million barrels annually and generating $600 million in sales. Craft beer represents just 7% of the U.S. beer industry volume today, but is the fastest growing segment, taking share from 'big beer' brands: Budweiser, Miller and Coors, as well as wine and spirits. This shift is occurring as consumers seek out more variety, more flavor and better quality from their beers, similar to what the wine industry experienced several decades before. Boston Beer remains the clear innovator and leader within a category that we expect to double in size over the next five years. Boston Beer boasts the broadest portfolio in its industry, with fifty different varieties of Samuel Adams beer as well as recent introductions into hard cider and malt beverages. Though they are the largest craft player, Boston Beer has just 1% of the overall U.S. beer market by volume, representing a major opportunity as they gain wider distribution across the country and reap the benefits of recent investments in sales and marketing. The company generates high returns on capital at its three brewing facilities, significant free cash flow and maintains a debt free balance sheet. (Matt Weiss)

From Baron Funds' fourth quarter letter.


Check out Ron Baron latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 44.90
SAM's P/E(ttm) is ranked higher than
71% of the 294 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 24.60 vs. SAM: 44.90 )
SAM' s 10-Year P/E(ttm) Range
Min: 16.7   Max: 63.59
Current: 44.9

16.7
63.59
P/B 9.30
SAM's P/B is ranked higher than
59% of the 294 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 2.43 vs. SAM: 9.30 )
SAM' s 10-Year P/B Range
Min: 1.9   Max: 11.62
Current: 9.3

1.9
11.62
P/S 4.50
SAM's P/S is ranked higher than
64% of the 294 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 2.28 vs. SAM: 4.50 )
SAM' s 10-Year P/S Range
Min: 0.63   Max: 5.04
Current: 4.5

0.63
5.04
EV-to-EBIT 26.19
SAM's EV-to-EBIT is ranked higher than
72% of the 294 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 20.01 vs. SAM: 26.19 )
SAM' s 10-Year EV-to-EBIT Range
Min: 9.8   Max: 30.8
Current: 26.19

9.8
30.8
PEG 2.40
SAM's PEG is ranked higher than
89% of the 294 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 17.21 vs. SAM: 2.40 )
SAM' s 10-Year PEG Range
Min: 0.45   Max: 11.33
Current: 2.4

0.45
11.33
Shiller P/E 67.50
SAM's Shiller P/E is ranked higher than
74% of the 294 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 28.51 vs. SAM: 67.50 )
SAM' s 10-Year Shiller P/E Range
Min: 17.61   Max: 75.03
Current: 67.5

17.61
75.03
Current Ratio 1.53
SAM's Current Ratio is ranked higher than
69% of the 262 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 1.70 vs. SAM: 1.53 )
SAM' s 10-Year Current Ratio Range
Min: 0.96   Max: 3.83
Current: 1.53

0.96
3.83
Quick Ratio 1.05
SAM's Quick Ratio is ranked higher than
76% of the 262 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 0.85 vs. SAM: 1.05 )
SAM' s 10-Year Quick Ratio Range
Min: 0.59   Max: 3.33
Current: 1.05

0.59
3.33

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 9.29
SAM's Price/Tangible Book is ranked higher than
66% of the 294 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 4.73 vs. SAM: 9.29 )
SAM' s 10-Year Price/Tangible Book Range
Min: 1.72   Max: 11.2
Current: 9.29

1.72
11.2
Price/DCF (Projected) 5.48
SAM's Price/DCF (Projected) is ranked higher than
71% of the 294 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 2.11 vs. SAM: 5.48 )
SAM' s 10-Year Price/DCF (Projected) Range
Min: 1.08   Max: 6.05
Current: 5.48

1.08
6.05
Price/Median PS Value 2.48
SAM's Price/Median PS Value is ranked higher than
61% of the 294 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 1.21 vs. SAM: 2.48 )
SAM' s 10-Year Price/Median PS Value Range
Min: 0.39   Max: 2.68
Current: 2.48

0.39
2.68
Price/Peter Lynch Fair Value 2.52
SAM's Price/Peter Lynch Fair Value is ranked higher than
91% of the 294 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 9999.00 vs. SAM: 2.52 )
SAM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.67   Max: 13.5
Current: 2.52

0.67
13.5
Price/Graham Number 4.17
SAM's Price/Graham Number is ranked higher than
73% of the 294 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 4.21 vs. SAM: 4.17 )
SAM' s 10-Year Price/Graham Number Range
Min: 0.96   Max: 4.73
Current: 4.17

0.96
4.73
Earnings Yield (Greenblatt) 3.80
SAM's Earnings Yield (Greenblatt) is ranked higher than
70% of the 277 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 5.30 vs. SAM: 3.80 )
SAM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.2   Max: 10.3
Current: 3.8

3.2
10.3
Forward Rate of Return (Yacktman) 18.04
SAM's Forward Rate of Return (Yacktman) is ranked higher than
89% of the 210 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 7.41 vs. SAM: 18.04 )
SAM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.9   Max: 45.3
Current: 18.04

1.9
45.3

Business Description

Industry: Beverages - Alcoholic » Beverages - Brewers
Compare:AHBIF, ABV, SBMRY, HINKY, FMX » details
Traded in other countries:BBEA.Germany,
Boston Beer Co Inc is the craft brewer in the United States. In fiscal 2013, the Company sold approximately 3.4 million barrels of its proprietary products. During 2013, the Company sold over fifty beers under the Samuel Adams or the Sam Adams brand names, ten flavored malt beverages under the Twisted Tea brand name, eight hard cider beverages under the Angry Orchard brand name, and over twenty beers under four of its Alchemy & Science subsidiarys brand names. It produces malt beverages and hard cider at Company-owned breweries and under contract arrangements at other brewery locations. The Company-owned breweries are located in Boston, Massachusetts (the Boston Brewery), Cincinnati, Ohio (the Cincinnati Brewery), Breinigsville, Pennsylvania (the Pennsylvania Brewery) and Los Angeles, California, (the Angel City Brewery). The Companys beers are mainly positioned in the Better Beer category of the beer industry, which includes craft (small, independent and traditional) brewers, domestic specialty beers and most imports. The Company consists of two operating segments that each produce and sell alcohol beverages. The first operating segment is comprised of the Companys Samuel Adams, Twisted Tea and Angry Orchard brands. The second segment is the A&S Brewing Collaborative which is comprised of The Traveler Beer Company, Angel City Brewing Company, Concrete Beach Brewing Company, Coney Island Brewing Company and The Just Beer Project. Both segments have similar economic characteristics. They also sell predominantly low alcohol beverages, which are sold to the same types of customers in similar size quantities, at similar price points and through the same channels of distribution. The Company currently has arrangements with approximately 345 wholesale Distributors. The Company competes with domestic craft brewers. Its Twisted Tea products compete within the FMB category of the beer industry. Its Angry Orchard and HardCore products compete within the hard cider category. The Companys operations are subject to a variety of extensive and changing federal, state and local occupational health and safety laws, regulations and ordinances that govern activities or operations.
» More Articles for SAM

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