COCOVita Coco Company, Inc.
Beverages
- Revenue
- $610M
- 18% YoY
- Operating margin
- 13.5%
- 5.4% YoY
- EBITDA
- $84M
- 12% YoY
- Market cap
- $3.3B
- Employees
- 336
- $2M revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 3.3
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersNo0 of 3 years3+ of last 5 years
- High CEO pay despite TSRNo$4M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes65% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo24% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo16% of assetsOver 40% of assets
- Shareholder dissentNo81% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$2M · 83rd pctBottom quartile of its SIC industry
- Quiet on AINo3.3 per 10K words · 72nd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$3.3B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$83M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $380M | $428M | $494M | $516M | $610M | 18% |
| Operating income | $25M | $3M | $56M | $74M | $83M | 12% |
| Net income | $19M | $8M | $47M | $56M | $73M | 30% |
| Operating cash flow | −$16M | −$11M | $107M | $43M | $47M | 10.0% |
| Capex | $557K | $982K | $599K | $974K | $8M | 737% |
| Stock-based comp | $3M | $7M | $9M | $9M | $11M | 22% |
| Buybacks | $50M | $0 | $773K | $12M | $11M | 6.3% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $83M · 65
- Net
- −$83M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $5M | $7M | 475 | 84 |
| FY2024 | $4M | $7M | 330 | 92 |
| FY2023 | $3M | $14M | 230 | 101 |