Embotelladora Andina S.A. (AKO.A) vs National Beverage Corp. (FIZZ)

Embotelladora Andina S.A. and National Beverage Corp. are both Beverages Non Alcoholic companies. National Beverage Corp. is the larger, with a market value of $2.8B against $2.1B — 1.4× the size. Embotelladora Andina S.A. trades at the lower P/E: 12.7× against 15.9×. Embotelladora Andina S.A. grew revenue faster over the last twelve months: 7.61% against −1.80%. National Beverage Corp. has the higher net margin (14.8% vs 8.35%) and the higher return on invested capital (52.2% vs 14.1%). Across the 22 metrics below, Embotelladora Andina S.A. leads on 13 and National Beverage Corp. on 9.

Valuation

Metric AKO.A FIZZ Beverages Non Alcoholic median
P/E 12.67 15.87 21.29
P/S 1.05 2.35 1.65
P/B 2.74 7.56 4.58
Price to free cash flow 13.51 17.15 20.78
EV/EBITDA 9.42 11.19 11.71
EV/Sales 1.26 2.29 2.05
Earnings yield 7.89% 6.30% 3.53%
Free cash flow yield 7.40% 5.83% 4.40%

Profitability

Metric AKO.A FIZZ Beverages Non Alcoholic median
Gross margin 39.51% 36.21% 41.13%
Operating margin 13.39% 18.45% 13.39%
Net margin 8.35% 14.81% 8.35%
Free cash flow margin 7.96% 13.71% 8.38%
Return on equity 23.98% 40.13% 23.98%
Return on assets 8.96% 26.50% 8.96%
Return on invested capital 14.10% 52.24% 14.10%

Growth

Metric AKO.A FIZZ Beverages Non Alcoholic median
Revenue growth (TTM) 7.61% (1.80%) 10.11%
EPS growth (last fiscal year) 25.17% (1.51%) —
Revenue growth, 5-year CAGR 10.75% 1.94% 10.75%
Net income growth, 5-year CAGR 13.26% 1.07% 10.26%

Health

Metric AKO.A FIZZ Beverages Non Alcoholic median
Debt to equity 0.82 0.00 0.00
Current ratio 1.61 2.39 1.30
Net debt to EBITDA (0.78) (1.38) 0.08

Dividend

Metric AKO.A FIZZ Beverages Non Alcoholic median
Dividend yield 8.41% — 3.00%
Payout ratio 1.16 0.00 0.03

Size

Metric AKO.A FIZZ Beverages Non Alcoholic median
Market cap 2.05b 2.80b 3.40b

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