Celsius Holdings (CELH)
NASDAQ:CELH
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Celsius Holdings
(NASDAQ:CELH)
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Rating:58Neutral
Price Target:
$29.00
▼(-17.73% Downside)
Action:Reiterated
Date:06/05/26
The score is driven primarily by mixed financial fundamentals—strong cash generation and revenue momentum offset by materially higher leverage and lower margins—alongside weak technical trend signals. The earnings call was a relative positive (profitability improvements, synergies, and margin recovery outlook), but valuation remains demanding at ~41x earnings without dividend support.
Positive Factors
Cash generation and earnings conversion
Strong, positive operating and free cash flow (TTM) with free cash flow roughly aligned to net income (~0.89) indicates durable earnings conversion. This provides recurring internal funding for integration costs, distribution investments, and buybacks, supporting execution flexibility over the next 2–6 months.
Negative Factors
Material increase in leverage
Debt of roughly $2.44B and a lower equity base materially increase financial leverage versus prior years. Elevated leverage reduces flexibility for opportunistic investments or further M&A, raises refinancing and covenant risk, and magnifies earnings volatility if margins or cash flow slip.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation and earnings conversion
Strong, positive operating and free cash flow (TTM) with free cash flow roughly aligned to net income (~0.89) indicates durable earnings conversion. This provides recurring internal funding for integration costs, distribution investments, and buybacks, supporting execution flexibility over the next 2–6 months.
Read all positive factors
Celsius Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyCelsius Holdings (CELH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.67B
Dividend YieldN/A
Average Volume (3M)9.69M
Price to Earnings (P/E)41.1
Beta (1Y)0.99
Revenue Growth123.34%
EPS Growth32.74%
CountryUS
Employees1,073
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)0.40
Shares Outstanding255,640,370
10 Day Avg. Volume8,956,466
30 Day Avg. Volume9,687,110
Financial Highlights & Ratios
PEG Ratio-2.18
Price to Book (P/B)3.66
Price to Sales (P/S)4.28
P/FCF Ratio33.27
Enterprise Value/Market Cap1.35
Enterprise Value/Revenue3.50
Enterprise Value/Gross Profit7.05
Enterprise Value/Ebitda36.67
Forecast
1Y Price Target
$59.50Price Target Upside68.79% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)1.64
Revenue Forecast (FY)$3.35B
Celsius Holdings Business Overview & Revenue Model
Company Description
Celsius Holdings, Inc. develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It offers various carbonated and non-carbonated functional energy drinks unde...
How the Company Makes Money
Celsius primarily makes money by selling its branded beverages to customers such as distributors and retailers, generating revenue from product sales (i.e., cases/units shipped) across channels like convenience stores, grocery, mass retail, and e-...
Celsius Holdings Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive operating and financial trajectory: record revenue, substantial profitability gains (GAAP net income doubled; adjusted EBITDA and margin expanded), meaningful Alani synergies (~$50M), successful innovation and distribution expansion, and active capital return. Headwinds are present—mainly commodity and freight cost pressures, temporary effects from SKU rationalization, and ongoing Rockstar integration—that could slow margin recovery timing. Overall, highlights substantially outweigh the lowlights but margin timing remains a watch item.Positive Updates
Record First Quarter Revenue
Delivered record Q1 revenue of $783 million, driven by portfolio strength and execution.
Negative Updates
Input Cost Pressures (Aluminum, LME, Freight)
Midwest aluminum premium and LME increased during the quarter; elevated aluminum, freight, fuel and resin pricing could delay gross margin recovery to the low-50s and impact timing/sequencing of margin expansion.
Read all updates
Q1-2026 Updates
Positive
Negative
Record First Quarter Revenue
Delivered record Q1 revenue of $783 million, driven by portfolio strength and execution.
Read all positive updates
Company Guidance
Guidance on the call was largely directional: management expects Q2 to build on recent resets with additional CELSIUS and Alani innovation and summer activations, views 2026 as a stabilization year for Rockstar with integration completing in H1 2026, and sees gross margin moving up from Q1’s ~48.3% toward the low‑50s (timing dependent on aluminum/LME and freight), with Q2 a “side‑step” and a stair‑step improvement in Q3/Q4 and fuller benefit as a second NC manufacturing line comes online late‑2026 (with fuller impact in 2027). They reiterated operating and capital priorities alongside the Q1 metrics that frame the guidance: record Q1 revenue $783M; CELSIUS net sales $348M (~+6% YoY); Alani net sales $368M (pro forma ~+60% YoY; scanner growth ~100% or ~85% adjusted implying ~ $340M organic RTD U.S. revenue and $28M Canada/non‑U.S. addback); Rockstar $67M; ~ $50M of Alani synergies captured; adjusted EBITDA $195M (24.9% margin, ~+370bps YoY); GAAP net income $110M (vs $44M prior year); gross margin ~48.3%; adjusted SG&A ~26.4% of revenue (down from 31.8% in Q4); ~700k shares repurchased for $24.1M at $35.39 with $236.1M remaining under a $300M buyback; portfolio dollar share ~20.9% (≈1/5 of U.S. energy); and CAGNY space targets of ~+17% for CELSIUS, >100% for Alani and maintained net space for Rockstar.Celsius Holdings Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
48
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.97B | 2.52B | 1.36B | 1.32B | 653.60M | 314.27M |
| Gross Profit | 1.47B | 1.27B | 680.21M | 633.14M | 270.87M | 128.17M |
| EBITDA | 283.40M | 203.46M | 163.00M | 269.59M | -155.88M | -2.79M |
| Net Income | 173.68M | 108.00M | 145.07M | 226.80M | -187.28M | 3.94M |
Balance Sheet | ||||||
| Total Assets | 5.16B | 5.12B | 1.77B | 1.54B | 1.22B | 314.02M |
| Cash, Cash Equivalents and Short-Term Investments | 549.20M | 398.87M | 890.19M | 755.98M | 614.16M | 16.25M |
| Total Debt | 2.44B | 669.93M | 20.25M | 2.19M | 1.22M | 1.37M |
| Total Liabilities | 3.91B | 2.18B | 542.46M | 447.87M | 357.49M | 96.97M |
| Stockholders Equity | 1.25B | 2.94B | 1.22B | 1.09B | 864.58M | 217.04M |
Cash Flow | ||||||
| Free Cash Flow | 292.76M | 323.38M | 239.51M | 123.78M | 99.92M | -99.74M |
| Operating Cash Flow | 329.80M | 359.44M | 262.90M | 141.22M | 108.18M | -96.59M |
| Investing Cash Flow | -1.30B | -1.30B | -101.73M | -14.20M | -5.67M | -1.26M |
| Financing Cash Flow | 537.49M | 582.76M | -25.97M | -25.22M | 534.11M | 71.39M |
Celsius Holdings Technical Analysis
Negative
35.25
Price Trends
32.72
Negative
40.53
Negative
46.52
Negative
Market Momentum
-0.92
Negative
36.54
Neutral
26.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CELH, the sentiment is Negative. The current price of 35.25 is above the 20-day moving average (MA) of 30.39, above the 50-day MA of 32.72, and below the 200-day MA of 46.52, indicating a bearish trend. The MACD of -0.92 indicates Negative momentum. The RSI at 36.54 is Neutral, neither overbought nor oversold. The STOCH value of 26.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CELH.
Celsius Holdings Risk Analysis
Celsius Holdings disclosed 1 risk factors in its most recent earnings report. Celsius Holdings reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Celsius Holdings Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $86.30B | 42.87 | 25.46% | ― | 18.06% | 36.22% | |
79 Outperform | $4.29B | 50.96 | 25.43% | ― | 23.05% | 36.53% | |
69 Neutral | $3.36B | 17.28 | 35.99% | ― | 1.01% | 1.21% | |
63 Neutral | $8.78B | 142.58 | 1.90% | 2.44% | 66.61% | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | $7.67B | 41.06 | 7.51% | ― | 123.34% | 32.74% | |
54 Neutral | $105.47M | -13.64 | -13.99% | ― | 9.76% | 67.59% |
* Consumer Defensive Sector Average
CELH
Celsius Holdings
27.75
-12.33
-30.76%
PRMB
Primo Brands
23.02
-7.03
-23.38%
MNST
Monster Beverage
88.54
25.54
40.54%
FIZZ
National Beverage
34.73
-11.04
-24.12%
ZVIA
Zevia PBC
1.40
-1.11
-44.22%
COCO
Vita Coco Company
73.98
39.88
116.95%
Celsius Holdings Corporate Events
Business Operations and StrategyFinancial Disclosures
Celsius Highlights Growth Strategy at Deutsche Bank Conference
Positive
Jun 1, 2026
On June 2, 2026, Celsius Holdings participated in the Deutsche Bank Global Consumer Conference, highlighting its growing position in the U.S. energy drink and broader beverage market. The company presented itself as a top-10 contributor to U.S. li...
Executive/Board ChangesShareholder Meetings
Celsius Shareholders Back Board, Executive Pay at Meeting
Positive
May 28, 2026
On May 28, 2026, Celsius Holdings, Inc. held its Annual Meeting of Stockholders, where shareholders elected 10 directors, including CEO John Fieldly, to serve until the 2027 annual meeting, reflecting broad support for the company’s existing...
Business Operations and StrategyStock BuybackFinancial Disclosures
Celsius Holdings Posts Record Q1 Revenue and Earnings
Positive
May 7, 2026
On May 7, 2026, Celsius Holdings reported record first-quarter 2026 revenue of $782.6 million, up 138% year over year, driven largely by the acquisitions of Alani Nu and Rockstar Energy and their integration into PepsiCo’s distribution netwo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.