Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Monster Beverage Corp., EBITDA calculation
US$ in thousands
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Monster Beverage Corp. EBITDA decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level. |
Enterprise Value to EBITDA Ratio, Current
Monster Beverage Corp., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | 53,704,468) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 2,137,635) |
| Valuation Ratio | |
| EV/EBITDA | 25.12 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Altria Group Inc. | 9.51 |
| Coca-Cola Co. | 19.30 |
| PepsiCo Inc. | 15.95 |
| Philip Morris International Inc. | 18.43 |
| EV/EBITDA, Sector | |
| Food, Beverage & Tobacco | 16.06 |
| EV/EBITDA, Industry | |
| Consumer Staples | 19.84 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Monster Beverage Corp., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | 58,254,789) | 49,154,351) | 41,602,700) | 44,182,735) | 32,183,522) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 2,137,635) | 1,633,229) | 1,851,593) | 1,683,226) | 1,476,745) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 27.25 | 30.10 | 22.47 | 26.25 | 21.79 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Altria Group Inc. | 7.67 | 12.10 | 22.27 | 12.62 | 45.37 | |
| Coca-Cola Co. | 18.69 | 20.83 | 19.52 | 19.66 | 21.79 | |
| PepsiCo Inc. | 16.75 | 18.63 | 18.42 | 17.17 | 17.85 | |
| Philip Morris International Inc. | 13.66 | 14.78 | 13.64 | 12.59 | 13.77 | |
| EV/EBITDA, Sector | ||||||
| Food, Beverage & Tobacco | 14.59 | 17.07 | 17.81 | 15.78 | 19.53 | |
| EV/EBITDA, Industry | ||||||
| Consumer Staples | 15.56 | 15.87 | 15.79 | 14.68 | 18.29 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 58,254,789 ÷ 2,137,635 = 27.25
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | Monster Beverage Corp. EV/EBITDA ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023. |