Stock fact sheet · data as of
National Beverage Corp. (FIZZ): fair value, margin of safety and Wheel Score
Consumer Defensive · Beverages - Non-Alcoholic · United States · High Yield Income
Is FIZZ undervalued?
At 34.31 (close of 16 Oct 2026), FIZZ trades within a few percent of the GLS average fair value of 31.86 (7.7% above fair value). 9 models produced a value and they split 5 above the price to 4 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
There is a wide gap between Graham Number (12.85) and DDM (47.82). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files FIZZ under High Yield Income: a dividend yield above 4%.
Nine valuation models for FIZZ
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 37.38 | +9% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 12.85 | -63% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 41.29 | +20% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 13.17 | -62% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 22.72 | -34% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 47.81 | +39% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 42.97 | +25% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 47.82 | +39% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 20.76 | -39% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 4.03 | -88% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 31.00 | -10% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
National Beverage Corp. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 4.7/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are high - ROIC 26.4%, ROE 28.9%, ROA 21.6% - with debt at 0.09 times equity and a free-cash-flow yield of 5.0%.
The dividend yield is high at 9.47% (payout ratio 174%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 3/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 26.4% |
|---|---|---|---|
| GLS Moat | 4.7 / 10 | ROE | 28.9% |
| Debt / equity | 0.09 | ROA | 21.6% |
| Free-cash-flow yield | 5.0% | Payout ratio | 174% |
| Institutions | 3 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 61: Fair
A Wheel Score of 61 puts National Beverage Corp. in the Fair band - below the 70 the Sunday Scan requires. Value 9/25, Health 11/20, Moat 7/15, Premium 20/20 and Stability 14/20; the weakest part is Value (9/25).
Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 775 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 386k shares a day on a market cap of $3.2B, with a beta of 0.76 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 14 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 9 / 25 | -8% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 7 / 15 | moat 4.7/10 | |
| Premium | 20 / 20 | implied volatility 36% | |
| Stability | 14 / 20 | 386k shares/day, $3.2B cap, beta 0.76 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 10 Dec 2026, 55 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Beverages - Non-Alcoholic
The 12 companies below are the closest to National Beverage Corp. by market cap within the Beverages - Non-Alcoholic industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| COCO The Vita Coco Company, Inc. | 57.67 | 54.79 | -5% | 70Good | $3.3B |
| PRMB Primo Brands Corporation | 18.78 | 14.56 | -29% | 59Fair | $6.8B |
| CELH Celsius Holdings, Inc. | 28.16 | 21.08 | -34% | 58Fair | $7.1B |
| COKE Coca-Cola Consolidated, Inc. | 204.55 | 243.03 | +16% | 80Prime | $16.1B |
| KOF Coca-Cola FEMSA, S.A.B. de C.V. | 115.67 | 508.81 | +77% | 77Good | $24.3B |
| SUJA Suja Life, Inc. | 11.94 | 6.78 | -76% | 14No options | $284M |
| FMX Fomento Económico Mexicano, S.A.B. de C.V. | 120.99 | 825.52 | +85% | 80Prime | $41.2B |
| KDP Keurig Dr Pepper Inc. | 34.18 | 21.80 | -57% | 58Fair | $46.5B |
| CCEP Coca-Cola Europacific Partners PLC | 109.77 | 80.31 | -37% | 61Fair | $48.7B |
| MNST Monster Beverage Corporation | 45.34 | 26.64 | -70% | 66Good | $88.8B |
| BUDA Buda Juice Inc. | 7.74 | 8.50 | +9% | 30No options | $97M |
| ZVIA Zevia PBC | 1.19 | 4.35 | +73% | 45Weak | $86M |
⚖ Compare FIZZ with 7 of them All Consumer Defensive stocks →
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about FIZZ
Is FIZZ undervalued right now?
Not meaningfully: at 34.31 the stock trades within a few percent of the GLS average fair value of 31.86 (7.7% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of FIZZ and what does it mean?
FIZZ scores 61 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for FIZZ?
31.86 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does National Beverage Corp. report earnings next?
The next earnings report is due on 10 Dec 2026 (after the close), 55 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FIZZ have listed options, and how liquid are they?
Yes. The nightly snapshot found 102 listed contracts with 775 open interest across all expiries and implied volatility of 36% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.