National Beverage Corp.
$2.76B- Market cap
- $3.02B
- Debt
- +$88.49M
- Cash
- −$349.54M
Capital structure 97% equity / 3% debt · EV / Revenue 2.34x · EV / EBITDA 9.89x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: FIZZ stock price at discount vs KO $32.24 current versus $56.78 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at KO's multiple
Implied fair value · at FIZZ's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: FIZZ FY 2026 (ended May 2, 2026) · KO FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 97% equity / 3% debt · EV / Revenue 2.34x · EV / EBITDA 9.89x
Capital structure 90% equity / 10% debt · EV / Revenue 8.56x · EV / EBITDA 22.06x
KO carries the larger enterprise value at $410.33B against $2.76B; FIZZ trades on the lower EV / Revenue multiple (2.34x vs 8.56x); FIZZ on the lower EV / EBITDA (9.89x vs 22.06x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
National Beverage Corp. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
COCA COLA CO · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.14x
1.36x
Net debt / EBITDA
Leverage against operating earnings
-0.94x
1.69x
Cash and equivalents
Liquid reserves on the balance sheet
$349.54M
$12.20B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$88.49M
$43.61B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe FIZZ can reaccelerate revenue growth and sustain its high ROIC despite weaker margins than KO, then FIZZ looks attractive versus KO because it trades at much lower P/E and P/S multiples than KO while maintaining a very strong balance sheet.
FIZZ trades at a clear valuation discount to KO on both earnings and sales-based multiples, which helps explain the implied upside to KO-based price. However, that discount is paired with weaker top-line growth and lower profitability, so the gap is not purely a mispricing signal.
Supporting Metrics