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1997~2024年怪物饮料基本面及估值面复盘
1997~2024年怪物饮料基本面及估值面复盘
行业数据
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图片大小:56KB
图片尺寸:1135*850
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所属报告:
软饮料行业深度报告:复盘全球能量饮料龙头崛起之路探究东鹏特饮未来五年成长空间-260308(42页).pdf
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集运指数(欧线)基本面数据
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“收入增长+盈利改善+估值重构”三重驱动共振,共绘公司千倍成长。1997年公司开始涉足能量饮料业务,并正式开始续写千倍回报的成长叙事。按前复权年均收盘价计算,2024 年怪物饮料公司的股价较 1997年增长了 2783倍。若按不复权年均收盘价计算,2024 年公司股价较 1997 年上涨了 28 倍,同期收入增长 173倍,净利率改善 5.9 倍,市盈率提升 1.5 倍,经过多轮股票分拆,股本扩张 104倍。考虑公司成立以来未进行现金分红,本文对以上增长倍数的相关数据取自然对数,进而得以拆解出 28 倍股价回报的贡献因子:收入增长贡献了 190%,是第一大贡献因子;净利率改善贡献了 65.7%,是第二大贡献因子;市盈率提升贡献了 15.7%,是第三大贡献因子;股本扩张产生了-171.3%的负向贡献,部分对冲了公司基本面强劲增长对股价的强力推涨效应。
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软饮料行业深度报告:复盘全球能量饮料龙头崛起之路探究东鹏特饮未来五年成长空间-260308(42页).pdf
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