Apr. 9 at 3:05 PM
💥
$CELH vs.
$MNST - A Tale of Two Growth Stories
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There are still some risks around
$CELH’s growth story, but volumes are up +23.6% YoY, and the stock is trading at 3.2x NTM revenue. Plus,
$PEP owns 11%, which could signal strategic interest.
Meanwhile,
$MNST’s volumes are only up +3.5% YoY (and that’s without BANG, which is down -18.3% YoY). Yet, it’s trading at 7.7x NTM revenue — that's a massive premium.
Looking at the chart,
$CELH has solid support in the
$32.50 to
$34.50 range.
I can’t help but wonder if
$PEP might want to acquire the rest of
$CELH down the road, especially if they’re looking to control international distribution. Right now,
$CELH is mostly partnered with Suntory outside the US.
