COCO
Vita Coco buys coconut-water maker Copra
Article Summary
BUY- Vita Coco Company (NASDAQ: VCOE) announced acquisition of Copra, one of the world's leading producers of super-premium Thai Nam Hom coconut water, for $175 million in cash and up-front payments.
- Vita Coco Company said Copra had created a differentiated position in emerging brand and private-label coconut water categories, with net sales growth of close to 50% over the past three years.
- Copra expects annual net sales to reach over $100 million this year, most of which is generated in the Americas, with opportunity to expand internationally and significantly grow branded products.
- Vita Coco expects the acquisition to generate value through expanding capacity, investing in operational efficiency, and improving operational efficiency.
- The acquisition is expected to be accretive to adjusted EBITDA margins following integration.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 23.1% | 25% | 70.0 ptsGood (23.1%) - Healthy growth |
| EPS Growth Next 5Y ? | 23.7% | 25% | 70.0 ptsGood (23.7%) - Solid outlook |
| Target Price Upside ? | 9.6% | 20% | 35.0 ptsBelow Screener (9.6%) - Target: $77.22 vs Current: $70.44 |
| Gross Margin % ? | 37.2% | 15% | 60.0 ptsSolid (37.2%) - Decent margins |
| Drawdown from 52-Wk High ? | -17.9% | 15% | 40.0 ptsMild Pullback (-17.9%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About COCO
- The Vita Coco Company, Inc. develops, manufactures, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific.
- It offers coconut water, oil, and juice products; Vita Coco Treats, a plant-based dairy alternative; Vita Coco Pressed, Vita Coco Coconut Juice, and Farmers Organic; Vita Coco Coconut MLK; and PWR LIFT, a protein-infused fitness drink.
- The company also supplies private label products to retailers.
- It distributes its products through club, food, drug, mass, convenience, e-commerce, and foodservice channels.
- The company was formerly known as All Market Inc. and changed its name to The Vita Coco Company, Inc. in September 2021.
- The Vita Coco Company, Inc. was incorporated in 2004 and is headquartered in New York, New York.