National Beverage Corp (FIZZ) - Net Assets
Based on the latest financial reports, National Beverage Corp (FIZZ) has net assets worth $551.26 Million USD as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($748.97 Million) and total liabilities ($197.72 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check FIZZ asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $551.26 Million |
| % of Total Assets | 73.6% |
| Annual Growth Rate | 9.02% |
| 5-Year Change | 24.72% |
| 10-Year Change | 115.37% |
| Growth Volatility | 28.67 |
National Beverage Corp - Net Assets Trend (1992–2025)
This chart illustrates how National Beverage Corp's net assets have evolved over time, based on quarterly financial data. Also explore National Beverage Corp asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for National Beverage Corp (1992–2025)
The table below shows the annual net assets of National Beverage Corp from 1992 to 2025. For live valuation and market cap data, see FIZZ market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | $444.00 Million | -20.65% |
| 2024-04-30 | $559.51 Million | +50.21% |
| 2023-04-30 | $372.49 Million | +55.57% |
| 2022-04-30 | $239.44 Million | -32.74% |
| 2021-04-30 | $356.00 Million | -21.30% |
| 2020-04-30 | $452.34 Million | +36.41% |
| 2019-04-30 | $331.61 Million | +0.05% |
| 2018-04-30 | $331.44 Million | +34.94% |
| 2017-04-30 | $245.62 Million | +19.14% |
| 2016-04-30 | $206.15 Million | +39.50% |
| 2015-04-30 | $147.78 Million | +39.15% |
| 2014-04-30 | $106.20 Million | +51.03% |
| 2013-04-30 | $70.32 Million | -42.19% |
| 2012-04-30 | $121.64 Million | +51.41% |
| 2011-04-30 | $80.34 Million | -43.25% |
| 2010-04-30 | $141.57 Million | -16.72% |
| 2009-05-31 | $170.00 Million | -0.01% |
| 2009-04-30 | $170.01 Million | +17.57% |
| 2008-05-31 | $144.60 Million | -0.02% |
| 2008-04-30 | $144.62 Million | -8.09% |
| 2007-04-30 | $157.36 Million | +20.25% |
| 2006-04-30 | $130.86 Million | -8.68% |
| 2005-04-30 | $143.30 Million | +14.27% |
| 2004-05-31 | $125.40 Million | +0.02% |
| 2004-04-30 | $125.38 Million | -12.51% |
| 2003-05-31 | $143.30 Million | +0.01% |
| 2003-04-30 | $143.29 Million | +14.02% |
| 2002-04-30 | $125.68 Million | +15.84% |
| 2001-04-30 | $108.49 Million | +15.80% |
| 2000-04-30 | $93.69 Million | +14.25% |
| 1999-04-30 | $82.00 Million | +17.14% |
| 1998-04-30 | $70.00 Million | +23.02% |
| 1997-04-30 | $56.90 Million | +20.81% |
| 1996-04-30 | $47.10 Million | +7.29% |
| 1995-04-30 | $43.90 Million | +20.94% |
| 1994-04-30 | $36.30 Million | +91.05% |
| 1993-04-30 | $19.00 Million | -26.07% |
| 1992-04-30 | $25.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Beverage Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1765.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $417.75 Million | 94.09% |
| Common Stock | $1.02 Million | 0.23% |
| Other Comprehensive Income | $5.60 Million | 1.26% |
| Other Components | $19.62 Million | 4.42% |
| Total Equity | $444.00 Million | 100.00% |
National Beverage Corp Competitors by Market Cap
The table below lists competitors of National Beverage Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Freshpet Inc
NASDAQ:FRPT
|
$3.20 Billion |
|
Betta Pharmaceuticals Co Ltd
SHE:300558
|
$3.20 Billion |
|
Shufersal
TA:SAE
|
$3.20 Billion |
|
North Navigation Control Technology Co Ltd
SHG:600435
|
$3.20 Billion |
|
Hebei Huatong Wires and Cables Group Co. Ltd.
SHG:605196
|
$3.19 Billion |
|
WYNN MACAU LTD ADR/10
F:8WY0
|
$3.19 Billion |
|
Ventia Services Group Ltd
AU:VNT
|
$3.19 Billion |
|
Cheng Shin Rubber Ind. Co Ltd
TW:2105
|
$3.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Beverage Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 559,512,000 to 443,999,000, a change of -115,513,000 (-20.6%).
- Net income of 186,821,000 contributed positively to equity growth.
- Dividend payments of 304,148,000 reduced retained earnings.
- Other comprehensive income increased equity by 693,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $186.82 Million | +42.08% |
| Dividends Paid | $304.15 Million | -68.5% |
| Other Comprehensive Income | $693.00K | +0.16% |
| Other Changes | $1.12 Million | +0.25% |
| Total Change | $- | -20.65% |
Book Value vs Market Value Analysis
This analysis compares National Beverage Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.20x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 132.19x to 7.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-04-30 | $0.26 | $34.11 | x |
| 1993-04-30 | $0.20 | $34.11 | x |
| 1994-04-30 | $0.42 | $34.11 | x |
| 1995-04-30 | $0.49 | $34.11 | x |
| 1996-04-30 | $0.59 | $34.11 | x |
| 1997-04-30 | $0.62 | $34.11 | x |
| 1998-04-30 | $0.75 | $34.11 | x |
| 1999-04-30 | $0.89 | $34.11 | x |
| 2000-04-30 | $1.03 | $34.11 | x |
| 2001-04-30 | $1.20 | $34.11 | x |
| 2002-04-30 | $1.38 | $34.11 | x |
| 2003-04-30 | $1.57 | $34.11 | x |
| 2003-05-31 | $1.57 | $34.11 | x |
| 2004-04-30 | $1.37 | $34.11 | x |
| 2004-05-31 | $1.37 | $34.11 | x |
| 2005-04-30 | $1.56 | $34.11 | x |
| 2006-04-30 | $1.42 | $34.11 | x |
| 2007-04-30 | $1.71 | $34.11 | x |
| 2008-04-30 | $1.57 | $34.11 | x |
| 2008-05-31 | $1.57 | $34.11 | x |
| 2009-04-30 | $1.84 | $34.11 | x |
| 2009-05-31 | $1.84 | $34.11 | x |
| 2010-04-30 | $1.53 | $34.11 | x |
| 2011-04-30 | $0.87 | $34.11 | x |
| 2012-04-30 | $1.31 | $34.11 | x |
| 2013-04-30 | $0.76 | $34.11 | x |
| 2014-04-30 | $1.14 | $34.11 | x |
| 2015-04-30 | $1.59 | $34.11 | x |
| 2016-04-30 | $2.21 | $34.11 | x |
| 2017-04-30 | $2.63 | $34.11 | x |
| 2018-04-30 | $3.53 | $34.11 | x |
| 2019-04-30 | $3.53 | $34.11 | x |
| 2020-04-30 | $4.83 | $34.11 | x |
| 2021-04-30 | $3.80 | $34.11 | x |
| 2022-04-30 | $2.56 | $34.11 | x |
| 2023-04-30 | $3.98 | $34.11 | x |
| 2024-04-30 | $5.98 | $34.11 | x |
| 2025-04-30 | $4.74 | $34.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Beverage Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 42.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.55%
- • Asset Turnover: 1.79x
- • Equity Multiplier: 1.52x
- Recent ROE (42.08%) is above the historical average (26.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 21.79% | 1.67% | 2.08x | 6.28x | $3.03 Million |
| 1993 | -31.58% | -1.80% | 2.09x | 8.36x | $-7.90 Million |
| 1994 | 37.19% | 3.88% | 2.14x | 4.48x | $9.87 Million |
| 1995 | 19.59% | 2.47% | 2.14x | 3.70x | $4.21 Million |
| 1996 | 19.11% | 2.57% | 1.97x | 3.77x | $4.29 Million |
| 1997 | 18.80% | 2.78% | 2.26x | 3.00x | $5.01 Million |
| 1998 | 18.71% | 3.27% | 2.20x | 2.60x | $6.10 Million |
| 1999 | 16.10% | 3.28% | 2.23x | 2.20x | $5.00 Million |
| 2000 | 14.50% | 3.19% | 2.16x | 2.11x | $4.21 Million |
| 2001 | 13.81% | 3.12% | 2.36x | 1.88x | $4.13 Million |
| 2002 | 13.17% | 3.29% | 2.44x | 1.64x | $3.98 Million |
| 2003 | 12.27% | 3.51% | 2.29x | 1.52x | $3.26 Million |
| 2003 | 12.28% | 3.52% | 2.29x | 1.52x | $3.27 Million |
| 2004 | 14.91% | 3.65% | 2.56x | 1.59x | $6.15 Million |
| 2004 | 14.92% | 3.65% | 2.56x | 1.59x | $6.16 Million |
| 2005 | 11.78% | 3.41% | 2.21x | 1.57x | $2.56 Million |
| 2006 | 16.98% | 4.30% | 2.37x | 1.67x | $9.14 Million |
| 2007 | 15.68% | 4.58% | 2.09x | 1.64x | $8.95 Million |
| 2008 | 15.54% | 3.97% | 2.37x | 1.65x | $8.02 Million |
| 2008 | 15.56% | 3.98% | 2.37x | 1.65x | $8.04 Million |
| 2009 | 14.55% | 4.30% | 2.16x | 1.56x | $7.74 Million |
| 2009 | 14.53% | 4.29% | 2.16x | 1.56x | $7.70 Million |
| 2010 | 23.21% | 5.54% | 2.47x | 1.70x | $18.70 Million |
| 2011 | 50.73% | 6.79% | 3.28x | 2.28x | $32.72 Million |
| 2012 | 36.17% | 7.00% | 2.82x | 1.83x | $31.83 Million |
| 2013 | 66.73% | 7.09% | 3.17x | 2.97x | $39.89 Million |
| 2014 | 41.09% | 6.81% | 2.88x | 2.10x | $33.01 Million |
| 2015 | 33.37% | 7.64% | 2.61x | 1.68x | $34.53 Million |
| 2016 | 29.69% | 8.68% | 2.31x | 1.48x | $40.58 Million |
| 2017 | 43.58% | 12.95% | 2.31x | 1.46x | $82.48 Million |
| 2018 | 45.19% | 15.35% | 2.13x | 1.38x | $116.63 Million |
| 2019 | 42.48% | 13.89% | 2.24x | 1.36x | $107.69 Million |
| 2020 | 28.73% | 12.99% | 1.54x | 1.43x | $84.74 Million |
| 2021 | 48.92% | 16.24% | 1.92x | 1.57x | $138.55 Million |
| 2022 | 66.20% | 13.93% | 2.43x | 1.95x | $134.57 Million |
| 2023 | 38.17% | 12.12% | 2.04x | 1.54x | $104.92 Million |
| 2024 | 31.59% | 14.83% | 1.55x | 1.38x | $120.78 Million |
| 2025 | 42.08% | 15.55% | 1.79x | 1.52x | $142.42 Million |
Industry Comparison
This section compares National Beverage Corp's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $167,714,844,219
- Average return on equity (ROE) among peers: 49.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Beverage Corp (FIZZ) | $551.26 Million | 21.79% | 0.36x | $3.19 Billion |
| Embotelladora Andina S.A (AKO-A) | $1.20 Trillion | 21.29% | 1.90x | $1.84 Billion |
| Embotelladora Andina S.A (AKO-B) | $276.05 Billion | 26.95% | 0.86x | $2.18 Billion |
| Barfresh Food Group Inc (BRFH) | $4.16 Million | -214.12% | 0.31x | $40.40 Million |
| Buda Juice, Inc. (BUDA) | $401.00K | 564.09% | 6.39x | $117.60 Million |
| Coca-Cola European Partners PLC (CCEP) | $1.19 Billion | 5.74% | 2.09x | $42.25 Billion |
| Celsius Holdings Inc (CELH) | $-5.91 Million | 0.00% | 0.00x | $8.67 Billion |
| Vita Coco Company Inc (COCO) | $123.17 Million | 15.44% | 0.60x | $3.26 Billion |
| Coca-Cola Consolidated Inc. (COKE) | $168.10 Million | 0.12% | 1.78x | $13.80 Billion |
| The Coca-Cola Company (KO) | $31.92 Billion | 26.89% | 1.51x | $312.49 Billion |
About National Beverage Corp
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix brands; non-carbonated water under the Clear Fruit; energy drink and shots under the Rip It brand; juice a… Read more