Fevertree Drinks (FEVR) is hoping to replicate its success at home on the other side of the Atlantic. The drinks maker is establishing its own North American operation with a dedicated management team to take advantage of a premium mixer market that management feels is still in its early stages. The US is already the company’s second-largest market, with sales up 39 per cent to £29.5m during 2017.
The UK market isn’t showing signs of slowing, either. Sales nearly doubled last year to £87.8m and Fevertree is now the number one mixer brand across UK stores. The growth in off-trade was aided by further distribution agreements with UK retailers and better product placement on shelves.
Analysts at Investec expect pre-tax profit of £59.4m during 2018, giving EPS of 41.1p, compared with £57.1m and 39.8p in 2017.
| FEVERTREE DRINKS (FEVR) | ||||
| ORD PRICE: | 2,538p | MARKET VALUE: | £2.93bn | |
| TOUCH: | 2,538-2,544p | 12-MONTH HIGH: | 2,883p | LOW: 1,356p |
| DIVIDEND YIELD: | 0.4% | PE RATIO: | 64 | |
| NET ASSET VALUE: | 113p* | NET CASH: | £50.9m | |
| Year to 31 Dec | Turnover (£m) | Pre-tax profit (£m) | Earnings per share (p) | Dividend per share (p) |
| 2013† | 20.6 | -1.4 | -3.1 | nil |
| 2014 | 34.7 | 2.5 | 1.5 | 0.30 |
| 2015 | 59.3 | 16.8 | 11.6 | 3.08 |
| 2016 | 102 | 34.3 | 23.9 | 6.25 |
| 2017 | 170 | 56.4 | 39.5 | 10.65 |
| % change | +66 | +65 | +65 | +70 |
| Ex-div: | 19 Apr | |||
| Payment: | 25 May | |||
*Includes intangible assets of £42.4m, or 37p a share †Trading period from 7 Mar 2013 following Feb 2013 IPO | ||||
