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Boston Beer Co (Boston Beer Co) Intrinsic Value: Projected FCF : $168.34 (As of Apr. 26, 2024)


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What is Boston Beer Co Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-26), Boston Beer Co's Intrinsic Value: Projected FCF is $168.34. The stock price of Boston Beer Co is $283.20. Therefore, Boston Beer Co's Price-to-Intrinsic-Value-Projected-FCF of today is 1.7.

The historical rank and industry rank for Boston Beer Co's Intrinsic Value: Projected FCF or its related term are showing as below:

SAM' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.67   Med: 2.66   Max: 5.47
Current: 1.68

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Boston Beer Co was 5.47. The lowest was 1.67. And the median was 2.66.

SAM's Price-to-Projected-FCF is ranked worse than
67.32% of 153 companies
in the Beverages - Alcoholic industry
Industry Median: 1.26 vs SAM: 1.68

Boston Beer Co Intrinsic Value: Projected FCF Historical Data

The historical data trend for Boston Beer Co's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Boston Beer Co Intrinsic Value: Projected FCF Chart

Boston Beer Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 124.21 181.93 145.91 157.76 168.34

Boston Beer Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 157.76 143.41 166.11 181.16 168.34

Competitive Comparison of Boston Beer Co's Intrinsic Value: Projected FCF

For the Beverages - Brewers subindustry, Boston Beer Co's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Boston Beer Co's Price-to-Projected-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Boston Beer Co's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Boston Beer Co's Price-to-Projected-FCF falls into.



Boston Beer Co Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Boston Beer Co's Free Cash Flow(6 year avg) = $86.93.

Boston Beer Co's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(13.689378362526*86.93344+1077.929*0.8)/12.192
=168.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Boston Beer Co  (NYSE:SAM) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Boston Beer Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=283.20/168.34054728641
=1.68

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Boston Beer Co Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Boston Beer Co's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Boston Beer Co (Boston Beer Co) Business Description

Traded in Other Exchanges
Address
One Design Center Place, Suite 850, Boston, MA, USA, 02210
Boston Beer is a top player in high-end malt beverages and adjacent categories in the U.S., with strong positions in craft beer, flavored malt beverage, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands, including Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates over 95% of sales in the U.S.
Executives
Carolyn L. O'boyle officer: Chief People Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Diego Reynoso officer: CFO and Treasurer 7078 SHADY OAK ROAD, EDEN PRAIRIE MN 55344
Calagione Samuel A. Iii officer: Founder & Brewer, Dogfish Head THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
John C Geist officer: VP of Sales ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Cynthia Swanson director 1529 OAK STREET, SARASOTA FL 34236
David A Burwick director 32 AUTUMN LANE, NEW CANAAN CT 06840
Philip A. Hodges officer: Chief Supply Chain Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Matthew Donal Murphy officer: CAO & Interim CFO THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Annette N Fritsch officer: VP of Product Design and R&D THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, SUITE 850, BOSTON 2J 02210
David L. Grinnell officer: Vice President of Brewing THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, STE. 850, BOSTON MA 02170
Quincy B Troupe officer: Senior VP, Supply Chain C/O THE BOSTON BEER COMPANY, 1 DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
C James Koch director, 10 percent owner, officer: Chairman C/O THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Jean Michel Valette director 28 MAPLE AVE, KENTFIELD CT 06897
Cynthia A Fisher director 186 PARK STREET, NEWTON MA 02458
Tara L. Heath officer: Vice President, Legal THE BOSTON BEER COMPANY, INC., 1 DESIGN CENTER PL., STE. 850, BOSTON MA 02210