$National Beverage (FIZZ.US)$A U.S. company listed in 2007, ...

Over the past 5 years, revenue has grown for 4 years excluding 2020, with an average growth rate of 3.8%. Operating profit has slightly shrunk amid fluctuations, and net income follows a similar trend. There are no interest expenses. The gross margin has been continuously decreasing over the past 5 years, reaching only 33.8% in 2023. The return on net assets is very high, reaching 46.5% in 2023.

Revenue in the first half of 2024 increased by 1%, with operating profit significantly rising by 25.7% due to the increase in gross margin, and net income growing by 30.7%.

Currently, the PE ratio is 31, with a TTM PE ratio of 26.8. If net income grows by 31% for the whole year, the PE ratio will decrease to 23.7, making the valuation relatively unattractive compared to the long-term profit growth rate.