The Vita Coco Company, Inc. (COCO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+5.6%

$61.48

vs $58.21 price

Levered DCF

$70.24

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

10.43

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	42.41×	37.28×	30.9×	98.71×	32.85×	22.92×	79.53×
P/B	9.1×	8.09×	7.15×	5.46×	5.04×	7.34×	10.17×
P/S	4.95×	4.06×	2.93×	1.8×	1.64×	2.42×	2.64×
EV / EBITDA	30.15×	26.98×	22.45×	61.31×	22.21×	21.58×	45.22×
Gross margin	36.3%	38.5%	36.5%	24.2%	29.8%	33.8%	32.7%
Operating margin	13.6%	14.3%	11.4%	0.7%	6.5%	15.1%	4.7%
Net margin	11.7%	10.8%	9.4%	1.8%	5.0%	10.5%	3.3%
Current ratio	3.62×	3.3×	3.18×	3.22×	2.34×	2.86×	2.68×
Debt / equity	0.04×	0×	0.01×	0.02×	0×	0.25×	0.23×
Interest coverage	0×	0×	1,822.35×	11.84×	68.3×	59.24×	11.5×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	21.5%	21.6%	23.0%	5.5%	15.4%	32.0%	12.8%
Return on invested capital	18.3%	22.5%	22.3%	1.5%	15.6%	27.4%	10.2%
Return on assets	15.5%	15.4%	16.3%	3.9%	9.6%	17.8%	6.4%
Free cash flow yield	1.3%	2.0%	7.4%	-1.5%	-2.7%	4.4%	2.8%
Earnings yield	2.4%	2.7%	3.2%	1.0%	3.1%	4.4%	1.3%
Enterprise value	$2.8B	$1.9B	$1.3B	$753.4M	$592M	$703.2M	$730.5M
Net debt / EBITDA	-1.94×	-2.3×	-2.24×	-1.37×	-1.07×	-1.45×	-1.23×
Cash conversion cycle (days)	124	117	81	126	117	69	88