DUTCH BROS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 28.59 USD | -1.04% |
|
-4.60% | -9.73% |
| Apr. 02 | Dutch Bros Inc. Announces Management Appointments | CI |
| Mar. 22 | Dutch Bros Shares Fall After Secondary Offering Prices, Chair Sells Shares | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,539 | 1,634 | 2,389 | 2,665 | - | - |
| Enterprise Value (EV) 1 | 2,524 | 1,712 | 2,353 | 2,955 | 3,029 | 3,192 |
| P/E ratio | -164 x | -313 x | 1,056 x | 98.5 x | 59.6 x | 35.6 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 5.1 x | 2.21 x | 2.47 x | 2.21 x | 1.81 x | 1.52 x |
| EV / Revenue | 5.07 x | 2.32 x | 2.44 x | 2.45 x | 2.06 x | 1.82 x |
| EV / EBITDA | 30.7 x | 18.8 x | 14.7 x | 15.4 x | 12.6 x | 10.6 x |
| EV / FCF | -66.3 x | -13.4 x | - | -21.4 x | -40.7 x | -798 x |
| FCF Yield | -1.51% | -7.47% | - | -4.67% | -2.45% | -0.13% |
| Price to Book | - | 35.7 x | - | 11.7 x | 9.85 x | 7.97 x |
| Nbr of stocks (in thousands) | 49,873 | 57,953 | 75,430 | 93,224 | - | - |
| Reference price 2 | 50.91 | 28.19 | 31.67 | 28.59 | 28.59 | 28.59 |
| Announcement Date | 3/1/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 327.4 | 497.9 | 739 | 965.8 | 1,205 | 1,471 | 1,749 |
| EBITDA 1 | - | 82.09 | 91.18 | 160.1 | 191.7 | 241.2 | 300.1 |
| EBIT 1 | - | -113.3 | -2.612 | 46.22 | 77.66 | 108 | 137.7 |
| Operating Margin | - | -22.75% | -0.35% | 4.79% | 6.44% | 7.34% | 7.87% |
| Earnings before Tax (EBT) 1 | - | -121.6 | -16.65 | 16.92 | 44.06 | 68.96 | 93.12 |
| Net income 1 | 5.725 | -14.04 | -4.753 | 1.718 | 39.41 | 55.9 | 81.11 |
| Net margin | 1.75% | -2.82% | -0.64% | 0.18% | 3.27% | 3.8% | 4.64% |
| EPS 2 | - | -0.3100 | -0.0900 | 0.0300 | 0.2902 | 0.4796 | 0.8042 |
| Free Cash Flow 1 | - | -38.07 | -128 | - | -138 | -74.35 | -4 |
| FCF margin | - | -7.65% | -17.32% | - | -11.45% | -5.05% | -0.23% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 7/15/21 | 3/1/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 129.8 | 140.1 | 152.2 | 186.4 | 198.6 | 201.8 | 197.3 | 249.9 | 264.5 | 254.1 | 255.2 | 313.3 | 326.6 | 309.8 | 313.4 |
| EBITDA 1 | 20.65 | 13.28 | 9.662 | 23.94 | 27.83 | 29.75 | 23.88 | 48.6 | 53.01 | 34.58 | 31.73 | 58.1 | 63.36 | 38.46 | 38.84 |
| EBIT 1 | -115 | -7.604 | -14.22 | 2.669 | 5.178 | 3.766 | -0.232 | 19.58 | 24.69 | 2.179 | 6.348 | 30.7 | 33.7 | 6.722 | 8.815 |
| Operating Margin | -88.58% | -5.43% | -9.35% | 1.43% | 2.61% | 1.87% | -0.12% | 7.84% | 9.34% | 0.86% | 2.49% | 9.8% | 10.32% | 2.17% | 2.81% |
| Earnings before Tax (EBT) 1 | -118.4 | -9.59 | -16.49 | -0.866 | -1.777 | 2.482 | -6.811 | 11.56 | 15.23 | -3.061 | -0.4015 | 22.66 | 24.73 | -1.76 | - |
| Net income 1 | -6.738 | -2.87 | -4.947 | -0.906 | 1.763 | -0.663 | -3.842 | 2.752 | 4.21 | -1.402 | 0.5332 | 17.85 | 20.56 | -0.4345 | -0.006 |
| Net margin | -5.19% | -2.05% | -3.25% | -0.49% | 0.89% | -0.33% | -1.95% | 1.1% | 1.59% | -0.55% | 0.21% | 5.7% | 6.29% | -0.14% | -0% |
| EPS 2 | -0.1500 | -0.0600 | -0.1000 | -0.0200 | 0.0300 | -0.0100 | -0.0700 | 0.0500 | 0.0700 | -0.0200 | -0.005990 | 0.1204 | 0.1339 | -0.0184 | -0.007980 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 3/1/22 | 5/11/22 | 8/10/22 | 11/9/22 | 2/22/23 | 5/9/23 | 8/8/23 | 11/7/23 | 2/21/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 78.7 | - | 290 | 364 | 527 |
| Net Cash position 1 | - | 14.9 | - | 35.9 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.8634 x | - | 1.512 x | 1.51 x | 1.755 x |
| Free Cash Flow 1 | - | -38.1 | -128 | - | -138 | -74.4 | -4 |
| ROE (net income / shareholders' equity) | - | - | -4.25% | 20.3% | 12.9% | 13.9% | 16.9% |
| ROA (Net income/ Total Assets) | - | -3.45% | -0.55% | 0.12% | 2.2% | 2.5% | - |
| Assets 1 | - | 406.7 | 870 | 1,475 | 1,791 | 2,236 | - |
| Book Value Per Share 2 | - | - | 0.7900 | - | 2.440 | 2.900 | 3.590 |
| Cash Flow per Share 2 | - | 1.750 | 1.150 | 2.250 | 0.5800 | 1.020 | - |
| Capex 1 | - | 118 | 188 | - | 293 | 273 | 256 |
| Capex / Sales | - | 23.79% | 25.42% | - | 24.32% | 18.57% | 14.63% |
| Announcement Date | 7/15/21 | 3/1/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
28.59
USD
Average target price
35.55
USD
Spread / Average Target
+24.33%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.73% | 2.67B | |
| -5.06% | 759M | |
| -4.69% | 278M | |
| -1.17% | 160M | |
| -14.10% | 84.15M |
- Stock Market
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- BROS Stock
- Financials Dutch Bros Inc.
