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Here's Why You Should Add SodaStream (SODA) to Your Portfolio

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SodaStream International Ltd. , a maker of carbonated drinks, can be an intriguing choice for investors. This Zacks Rank #1 (Strong Buy) company reflects favorable prospects and should be a valuable addition to your portfolio.

SodaStream has been benefitting from the growing popularity of sparkling water. The company’s cost-effective beverage carbonation systems help consumers transform ordinary tap water into soft drinks and sparkling water. In recent times, consumers have become particularly vigilant about the intake of carbonated, sugary drinks and have been shifting to healthier alternatives. Given the current trend, SodaStream is repositioning itself in order to capitalize on this increasing demand for sparkling water.

Let us delve into other factors which make this stock a lucrative pick.

Share Price Performance

SodaStream’s shares have gained 49.5% so far this year, compared with its industry’s decline of 8.3%. Notably, the company has outperformed the industry in each of 4-week, 12-week and 52-week time frames.



Earnings History and Future Estimate Revisions

SodaStream remarkably beat earnings estimates in each of the trailing four quarters, delivering an average positive earnings surprise of 103.9%.

Lately, the company’s earnings estimates have been trending upward. The Zacks Consensus Estimate for the current quarter increased 2.8% in the last 60 days and the current year’s earnings estimates grew 6.5% in the same time frame. Additionally, estimates for 2018 advanced 7.4% in the last 60 days, hinting at the stock’s solid prospects.

You can see the consensus estimate trend and recent price action for the stock in the chart below:

SodaStream International Ltd. Price and Consensus

 

This positive trend signifies bullish analyst sentiment and indicates robust fundamentals as well as expectations of outperformance in the near term.

Return on Equity

SodaStream’s trailing 12-month return on equity (ROE) supports its growth potential. ROE delivered in the trailing 12 months is 14.9%, while the industry returned 9.9%, reflecting the company’s efficient usage of shareholders’ funds.

Earnings & Revenue Growth

For 2017, the company is looking to grow at a rate of 33.6%, more than the industry’s average EPS growth of 19.1%.

Meanwhile, sales of the company increased 8% in 2016 and 11.8% in the first half of 2017. Notably, the company’s sales growth in 2017 is projected at 8.1%.

For all these reasons, the company currently has a Growth Score of B on our Style Score system that helps us identify potential outperformers.

Undervalued Compared to Peers

SodaStream currently has a Price-to-Earnings (P/E) ratio of 21.9, while its sector’s average is 23.6. Moreover, its forward P/E ratio (price compared to this year’s earnings) is somewhat lower at 21.2. This indicates that a slightly more value-oriented path may be ahead for the stock.

Looking at the company’s sales, it currently trades at a Price-to-sales (P/S) ratio of 2.6, lower than the S&P 500 average of 3.2. Some prefer this metric more than other value-focused ones because sales are harder to manipulate with accounting tricks than earnings.

All these ratios show that the company is undervalued in comparison to its industry peers and thus it is a good time for investors to place their bet on this stock.

Industry Outlook Positive

Currently, the industry ranks among the top 17% (45 out of 265 industries). This signifies that the stock is likely to benefit from favorable broader factors in the immediate future.

Other Stocks to Consider

Investors can also consider other top-ranked stocks in the same space like Central Garden & Pet Company (CENT - Free Report) , NutriSystem Inc. and Summer Infant, Inc. , each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Central Garden & Pet Company’s fiscal 2017 earnings are expected to increase 19.8%.

NutriSystem’s 2017 earnings are expected to grow 59.7%.

Summer Infant is expected to witness 114.3% growth in 2017 earnings.

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