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Fevertree Drinks PLC (FEVR) Fair Value & Analysis

Consumer Defensive · GB · Market cap 886M GBX

FD Fevertree Drinks PLC FEVR · LSE
Price£8.14
Fair Value£4.21
Upside-48.3%
Quality57/100
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Mixed Growth
Thin margins · 7.0% net margin
Low debt · generates free cash flow
2.20% dividend yield
Trails peers (2/14)
Narrow moat 43/100
Evidence: High Range £3.16 – £5.26 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 20 days ago

Fair value updated Jul 16, 2026, revised from £4.17 to £4.21 (+1.0%) since Jun 24, 2026. Share price +9.5% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£5.26). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

£24.20 £5.62 Fair Value £4.21 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £5.62 – £24.20 · fair‑value band £3.16 – £5.26 · the £8.14 price screens above the £4.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Fevertree Drinks PLC (FEVR) currently trades at £8.14, while our model-based Fair Value estimate is £4.21, implying the stock looks roughly 48.3% overvalued today. We read business quality at 57/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Fevertree Drinks PLC generated revenue of £325M at a net margin of 7.0%. Revenue declined 7.6% year over year. It earns a return on equity of 9.6%. The balance sheet holds a net cash position of £87.3M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £3.16 (bear case) to £5.26 (bull case); at £8.14, the current price sits above that range. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at -48%, FEVR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF £3.74 £5.75 £8.77 80
Residual Income £1.66 £1.81 £2.13 76
Rev-Margin DCF £3.41 £5.36 £8.00 74
All 26 models by family
DCF Models
FCF DCF £3.83 £6.15 £10.08 38
Owner Earnings £3.45 £5.53 £8.92 31
5Y Revenue Exit £3.41 £5.41 £8.18 39
5Y EBITDA Exit £3.78 £6.21 £9.34 41
5Y P/E Exit £3.67 £5.98 £8.69 38
10Y Revenue Exit £3.45 £5.34 £8.35 36
10Y EBITDA Exit £3.76 £5.89 £9.27 37
10Y P/E Exit £3.69 £5.73 £8.75 35
Earnings-Based
Graham-Dodd £1.36 £7.35 £10.18 54
Lynch FV £2.03 £2.91 £3.78 50
PEG = 1.0 £2.03 £2.91 £3.78 46
EPV £2.40 £2.61 £2.79 59
Dividend Discount
Gordon GGM £1.43 £2.57 £3.54 70
DDM Multi-Stage £1.43 £2.35 £2.74 61
Multiples
P/E Multiple £3.01 £4.01 £5.01 63
P/S Multiple £2.55 £3.41 £4.26 58
P/B Multiple £2.55 £3.41 £4.26 55
EV/EBIT £4.36 £5.55 £6.73 53
EV/EBITDA £4.00 £5.06 £6.12 54
EV/Revenue £3.20 £4.23 £5.26 43
Asset-Based
NCAV (Graham) £0.9900 £1.33 £1.98 50
Growth DCF
Growth DCF £3.74 £5.75 £8.77 80
Rev-Margin DCF £3.41 £5.36 £8.00 74
Economic Profit
Residual Income £1.66 £1.81 £2.13 76
ROIC Compounder £2.56 £3.10 £3.79 72
Growth Earnings
Growth-Adj P/E £2.91 £4.16 £5.41 68

Widest divergence: DCF Models (£5.73) versus Asset-Based (£1.33). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 325M GBX
Revenue growth (YoY) -7.6%
Net margin 7.0%
Return on equity 9.6%
Free cash flow 30.3M GBX FY2025
P/E ratio 40.0
More key figures
Operating margin 6.9%
EPS (TTM) £0.1900
Dividend yield 2.3%
EPS growth (YoY) -17.3%
Net cash 87.3M GBX FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 68 · Market factors (momentum, volatility) 43

Profitability 58
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 56
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of mixer drinks in the United Kingdom, the United States, Europe, and internationally. The company offers tonics, soft drinks, non-alcoholic, sodas, gingers, ready to drink, cocktail mixers, and cola and lemonades. It sells its products under the Fever-Tree brand name.

Full company description

Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of mixer drinks in the United Kingdom, the United States, Europe, and internationally. The company offers tonics, soft drinks, non-alcoholic, sodas, gingers, ready to drink, cocktail mixers, and cola and lemonades. It sells its products under the Fever-Tree brand name. The company was formerly known as Fevertree Topco Limited and changed its name to Fevertree Drinks PLC in October 2014. Fevertree Drinks PLC was founded in 2003 and is headquartered in London, United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fevertree Drinks PLC reported revenue of £325M in FY2025 versus £311M in FY2021, a compound +1.1%/yr. Reported net income was £22.6M in FY2025, compounding −15.6%/yr from FY2021.

Growth Quality 63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£325M
Latest YoY
−11.8%
Avg. growth/yr (3Y)
−1.9%
Avg. growth/yr (5Y)
+5.2%
Avg. growth/yr (14Y)
+26.7%
Revenue +1.1%/yr
FY21 £311M
FY22 £344M
FY23 £364M
FY24 £369M
FY25 £325M
Net income −15.6%/yr
FY21 £44.6M
FY22 £24.9M
FY23 £15.4M
FY24 £24.4M
FY25 £22.6M

FEVR screens 48% overvalued. Compare with The Coca-Cola Company →

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Cite: Fair Value Calculator (2026). "Fevertree Drinks PLC Fair Value". https://www.fairvalue-calculator.com/stock/FEVR

Peer Group

Beverages - Non-Alcoholic · 91 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 57 · Above median
Fair Value upside −48% · Below median
Return on equity (TTM) 10% · Below median
Return on assets 5% · Below median
Net margin (TTM) 7% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 2.2% · Below median

Valuation Multiples vs Beverages - Non-Alcoholic median · lower = cheaper

P/E (TTM) 41.3× · Pricier than 75% of peers
P/B 5.35× · Pricier than 75% of peers
P/S (TTM) 3.67× · Pricier than 75% of peers
P/FCF 39.4× · Pricier than 75% of peers
EV/EBITDA 37.7× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 24
FUTURE 0 · sector 43
PAST 38 · sector 49
HEALTH 100 · sector 95
DIVIDEND 44 · sector 47

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Beverages - Non-Alcoholic stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
The Coca-Cola Company KO $81.56 $39.92 -51%
PepsiCo, Inc PEP $137.38 $106.91 -22%
Monster Beverage Corporation MNST $97.50 $35.82 -63%
Nongfu Spring Co 9633 HK$41.44 HK$30.72 -26%
Coca-Cola Europacific Partners PLC CCEP €92.10 €85.41 -7%
Keurig Dr Pepper Inc KDP $31.25 $30.99 -1%
Coca-Cola FEMSA, S.A. KOF $102.04 $106.45 +4%
Coca-Cola HBC AG EEE €57.90 €52.82 -9%
Varun Beverages Limited VBL ₹495.70 ₹187.49 -62%
Eastroc Beverage (Group) Co 605499 ¥124.43 ¥107.57 -14%

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Frequently asked questions

Is Fevertree Drinks PLC (FEVR) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £4.21 versus a price of £8.14, about −48% (overvalued).
What is the fair value of FEVR?
Our model-based fair value for Fevertree Drinks PLC is £4.21 (as of Jul 16, 2026), built from audited fundamentals. The current price is £8.14.
What is the quality score of FEVR?
Fevertree Drinks PLC has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Fevertree Drinks PLC (FEVR)?
Fevertree Drinks PLC reported trailing-twelve-month revenue of about £325M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FEVR?
The net profit margin of Fevertree Drinks PLC is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.
Does Fevertree Drinks PLC pay a dividend?
Fevertree Drinks PLC currently shows a dividend yield of about 2.28% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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