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) | 30.96 | 9.42 | 20.11 |
Price/Book Value | 3.23 | 0.89 | 4.55 |
Price/Sales | 1.72 | 1.01 | 4.65 |
Price/Cash Flow | 15.30 | 5.71 | 14.86 |
|
Metric
|
SAM
|
TAP
|
STZ
|
|---|---|---|---|
Quick Ratio | 1.28 | 0.67 | 0.31 |
Current Ratio | 1.95 | 0.95 | 1.23 |
Interest Coverage | — | 8.89 | 7.93 |
|
Metric
|
SAM
|
TAP
|
STZ
|
|---|---|---|---|
Return on Assets (Normalized) | 8.39% | 4.82% | 9.24% |
Return on Equity (Normalized) | 11.34% | 9.75% | 24.65% |
Return on Invested Capital (Normalized) | 10.03% | 7.21% | 12.36% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States