FIZZ · Intrinsic value
Is National Beverage Corp. (FIZZ) overvalued or undervalued?
National Beverage Corp. (FIZZ) trades at the delayed market price of $34.66 a share. That price already implies revenue growth of −2.5% a year for 5 years. TickerWorth's fair value is $36.72 a share (priced within our range of $17.58 – $52.11). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
Is FIZZ fairly valued?
- Fair value
- $36.72
- Market price
- $34.66
- Upside to fair value
- +6.0%
- Verdict
- Priced within our range of $17.58 – $52.11
Reverse DCF: Today's price implies revenue growth of −2.5% a year for 5 years; our model assumes −0.7% a year on average over the same horizon.
What is FIZZ's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Consumer Defensive companies in US
Its strongest point: strong balance sheet. Its weakest: growth is slow or negative.
- Value · 40 of 100
Cheaper than 40% of Consumer Defensive companies in US
- Price vs worth · 55 of 100
- Quality · 62 of 100
More profitable than 62% of Consumer Defensive companies in US
- Financial health · 93 of 100
Financially stronger than 93% of Consumer Defensive companies in US
- Growth · 21 of 100
Growing faster than 21% of Consumer Defensive companies in US
- Momentum · 47 of 100
Outperformed 47% of Consumer Defensive companies in US over the past year
Confidence: High confidence · Scored
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FIZZ DCF valuation, input by input
TickerWorth's fair value for National Beverage Corp. (FIZZ) is $36.72 a share, against the delayed market price of $34.66 (priced within our range of $17.58 – $52.11). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values FIZZ at about $33.27 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts National Beverage Corp.'s projected free cash flows at a weighted-average cost of capital (WACC) of 8.2%, with a long-run terminal growth rate of 2.5%. About 76% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly -2.5% annual revenue growth for FIZZ. Our base case instead compounds to about -0.7% a year over the same forecast, so the market's implied growth is broadly in line with our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, FIZZ's modeled DCF value ranges from about $24.97 to $54.43 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what National Beverage Corp. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of FIZZ's intrinsic value. Figures update as new filings and prices come in.
Every input behind FIZZ's DCF
| Input | Value |
|---|---|
| Base-year revenueNational Beverage Corp. FY2026 10-K (accession 0001437749-26-022315): us-gaap:Revenues, FY2026 full year. | $1,180,550,000 |
| Base EBIT marginNational Beverage Corp. FY2026 10-K (accession 0001437749-26-022315): us-gaap:OperatingIncomeLoss 230,110,000 / revenue 1,180,552,000 = 19.49%, FY2026. | 19.5% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | -5% → -3% → -1% → 2% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 4.7% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.76 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesNational Beverage Corp. FY2026 10-K (accession 0001437749-26-022315): WeightedAverageNumberOfDilutedSharesOutstanding = 93,672,000 shares, FY2026. | 94M |
| Market priceDelayed quote · as of 2026-10-19 16:21 UTC | $34.66 |
Change FIZZ's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does National Beverage Corp. do?
What does it do?
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 and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr. It operates in the Beverages - Non-Alcoholic industry (Consumer Defensive sector), headquartered in United States. The company employs roughly 1,677 people.
How does it make money?
The business turns $1.2B in annual revenue into profit. Out of every $100 of sales, about $18 is left as operating profit (operating margin of 17.7%), after a 36% gross margin on the products/services it sells. After all costs, taxes and interest, 14.8% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries modest debt (0.2× equity), comfortably covers its short-term bills (2.4× current ratio), and is currently profitable.
Who at FIZZ filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Waldman Glenn J. | Director | Open-market buy | $7,945.00 | Form 4 for Waldman Glenn J. (opens sec.gov in a new tab) | |
| sheridan stanley michael | Director | Open-market sale | $347,200.00 | Form 4 for sheridan stanley michael (opens sec.gov in a new tab) | |
| sheridan stanley michael | Director | Open-market sale | $259,213.40 | Form 4 for sheridan stanley michael (opens sec.gov in a new tab) | |
| HATHORN SAMUEL C | Director | Gift | $850,000.00 | Form 4 for HATHORN SAMUEL C (opens sec.gov in a new tab) | |
| CONLEE CECIL D | Director | Open-market sale | $246,144.64 | Form 4 for CONLEE CECIL D (opens sec.gov in a new tab) | |
| CONLEE CECIL D | Director | Open-market sale | $128,619.36 | Form 4 for CONLEE CECIL D (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is FIZZ's intrinsic value?
TickerWorth's blended fair value for National Beverage Corp. (FIZZ) is $36.72 per share, versus a market price of $34.66 (priced within our range of $17.58 – $52.11).
Is FIZZ overvalued or undervalued?
Priced within our range of $17.58 – $52.11 at $34.66. We don't call FIZZ overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for FIZZ?
A WACC of 8.2% and a terminal growth rate of 2.5%.
Is National Beverage stock undervalued?
TickerWorth's fair value for National Beverage Corp. (FIZZ) is $36.72 against a market price of $34.66. Our read: Priced within our range of $17.58 – $52.11. This is a model estimate, not investment advice.
National Beverage (FIZZ) DCF valuation and fair value
Our fair value for National Beverage Corp. (FIZZ) is $36.72, built on a 8.2% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into National Beverage stock?
Today's price implies revenue growth of −2.5% a year for 5 years; our model assumes −0.7% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $34.66. A model estimate, not investment advice.
National Beverage (FIZZ) insider trading
The most recent insider filing (SEC Form 4) for National Beverage Corp. (FIZZ): Waldman Glenn J., Director, open-market buy on 2026-07-20. The latest filings are listed on this page. A disclosure, not a signal to trade.
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.