Should you buy Celsius Holdings stock? (March 2024)

Published first at https://www.3minutebreakdowns.com
Celsius stock analysis. Ticker: $CELH

Energy drink company Celsius Holdings reported earnings last week and the stock climbed about 26%. At the latest price, the company has a market cap just under 21 billion dollars. With 756 million of cash and no debt, the enterprise value is 19.8 billion.

This was an impressive report from Celsius. Revenue in the fourth quarter increased 95% to 347 million and revenue for the full year grew 102% to 1.3 billion dollars. Adjusted EBITDA came in just below 300 million while gross margins advanced by almost 7%.

Celsius has done an incredible job of marketing and a partnership with Pepsi has given the company ample distribution in North America. On Amazon, Celsius has become the best selling energy drink with a 19.7% share, that’s ahead of MONSTER at 19.6% share and REDBULL® at 12.3%. The company won 7-Eleven’s supplier of the year award and announced a new sponsorship deal with Ferrari.

Celsius CEO John Fieldly said that Celsius is not only taking market share in the energy drink market but it’s also bringing new customers to the industry. He said that Celsius drinks are increasingly being paired with meals which is not something typically seen with other energy drinks.

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