The Boston Beer Company, Inc. Financial Ratios — SAM Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	144.78	87.51	64.54	53.09	51.2	64.74	132.07	171.56	99.44	73.41	3.99	16.58	17.71	18.03	55.87
Return on Assets (%)	24.88	18.82	17.52	17.3	15.74	13.85	16.71	15.32	12.99	15.78	1.05	4.79	5.35	4.45	8.88
Return on Capital (%)	144.78	87.1	64.16	52.9	51.05	64.5	131.66	171.56	78.48	59.11	- -	14.51	15.88	16.06	46.95
Return on Invested Capital (%)	28.95	26.9	25.54	24.51	21.74	19.03	22.92	20.87	17.63	21.33	- -	8.5	7.5	9.9	11.6
Gross Margin (%)	55.47	54.33	52.08	51.5	52.26	50.71	52.13	51.45	49.14	46.9	38.77	41.24	42.44	44.4	48.48
EBITDA Margin (%)	20	19.98	19.02	20.32	20.76	20.63	19.63	16.92	16.17	18.1	6.28	9.92	10.45	12.21	12.33
Operating Margin (%)	16.34	16.5	15.51	16.43	16.3	15.16	13.69	11.7	11.67	14.32	2.78	6.03	6.06	7.54	7.73
Incremental Operating Margin (%)	4.76	17.72	11.92	20.54	14.21	35.54	44.41	-1.2	11.52	21.14	-59.62	210.56	5.18	696.81	-0.09
Pretax Margin (%)	20.18	16.46	15.23	16.12	16.15	15.13	13.46	11.68	11.55	14.07	0.34	4.37	5.46	4.35	7.81
Profit Margin (%)	12.88	10.25	9.52	10.05	10.25	9.64	11.48	9.31	8.8	11.05	0.71	3.22	3.8	2.97	5.52
Net Income to Common Margin (%)	12.88	10.25	9.52	10.05	10.25	9.64	11.48	9.31	8.8	11.05	0.71	3.22	3.8	2.97	5.52
Effective Tax Rate (%)	36.17	37.74	37.45	37.67	36.51	36.3	14.72	20.31	23.78	21.4	- -	26.44	30.42	31.86	29.32
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	144.78	87.51	64.54	53.09	51.2	64.74	132.07	171.56	99.44	73.41	3.99	16.58	17.71	18.03	55.87

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	1	1	1	1	- -	- -	- -	59	67	61	54	45	36	38
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	5	8	8	9	9	6	13
LT Debt	- -	1	1	1	- -	- -	- -	- -	54	59	54	45	36	30	25
Total Debt/EBITDA	- -	0.01	- -	- -	- -	- -	- -	- -	0.29	0.21	0.48	0.26	0.22	0.15	0.16
Net Debt/EBITDA	-0.48	-0.64	-0.35	-0.41	-0.47	-0.48	-0.39	-0.64	-0.18	-0.52	-0.21	-0.87	-1.42	-0.86	-0.92
Total Debt/EBIT	- -	0.01	0.01	- -	- -	- -	- -	- -	0.41	0.27	1.08	0.43	0.37	0.24	0.25
Net Debt/EBIT	-0.59	-0.77	-0.43	-0.51	-0.6	-0.66	-0.56	-0.93	-0.25	-0.66	-0.47	-1.43	-2.45	-1.4	-1.47
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	17.34	24.67	29.16	35.09	26.66	15.87	9.17	8.72	15.7	25.93	26.82	30.92	29.49	19.23	12.39
Long-Term Debt/Equity (%)	- -	0.23	0.19	0.12	0.1	0.09	- -	- -	7.33	6.18	5.48	4.24	3.35	3.3	2.97
Long-Term Debt/Capital (%)	- -	0.63	0.45	0.25	0.27	0.42	- -	- -	24.01	13.93	12.42	9.18	7.74	10.93	13.52
Long-Term Debt/Total Assets (%)	- -	0.16	0.13	0.09	0.07	0.07	- -	- -	5.12	4.29	3.88	3.19	2.53	2.42	2.1
Total Debt/Equity (%)	- -	0.26	0.21	0.13	0.11	0.11	- -	- -	8.03	7.04	6.25	5.07	4.2	3.92	4.48
Total Debt/Capital (%)	- -	0.7	0.49	0.27	0.31	0.48	- -	- -	26.31	15.86	14.18	10.97	9.7	13	20.39
Total Debt/Total Assets (%)	- -	0.17	0.14	0.1	0.08	0.08	- -	- -	5.61	4.89	4.43	3.81	3.17	2.88	3.17
Net Debt to Equity	-26.77	-30.13	-16.18	-17.38	-20.31	-20.28	-15.5	-23.55	-4.98	-17.06	-2.73	-16.9	-27.69	-23.12	-26.4
Net Debt/Capital (%)	2,244.67	-497.74	-60.66	-55.53	-119.45	-1,256.44	489.24	206.1	-19.51	-62.42	-6.6	-57.72	-177.18	-328.15	593.21
EBITDA	103	116	141	183	199	187	169	169	202	314	129	207	210	246	242
EBITDA-CapEx	83	50	40	32	125	137	136	113	109	174	-19	117	146	170	188
Operating Income (Loss)	84	96	115	148	156	137	118	117	146	249	57	126	122	152	152

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.74	0.84	0.47	0.69	0.85	0.9	0.65	0.9	0.2	0.63	0.11	0.88	1.34	0.91	0.88
Current Ratio	1.88	1.83	1.57	1.88	2.01	1.91	1.65	1.92	1.21	1.59	1.35	2.07	2.25	1.8	1.65
Quick Ratio	1.24	1.23	0.9	1.26	1.37	1.32	1.05	1.25	0.56	0.97	0.53	1.21	1.64	1.21	1.21
CFO/Avg Current Liab	1.05	1.22	1.03	1.32	1.52	1.45	1.34	1.47	1.18	1.15	0.22	0.87	1.24	1.09	1.12
Common Equity/Total Assets	17.34	24.67	29.16	35.09	26.66	15.87	9.17	8.72	15.7	25.93	26.82	30.92	29.49	19.23	12.39
Long-Term Debt/Equity (%)	- -	0.23	0.19	0.12	0.1	0.09	- -	- -	7.33	6.18	5.48	4.24	3.35	3.3	2.97
Long-Term Debt/Capital (%)	- -	0.63	0.45	0.25	0.27	0.42	- -	- -	24.01	13.93	12.42	9.18	7.74	10.93	13.52
Long-Term Debt/Total Assets (%)	- -	0.16	0.13	0.09	0.07	0.07	- -	- -	5.12	4.29	3.88	3.19	2.53	2.42	2.1
Total Debt/Equity (%)	- -	0.26	0.21	0.13	0.11	0.11	- -	- -	8.03	7.04	6.25	5.07	4.2	3.92	4.48
Total Debt/Capital (%)	- -	0.7	0.49	0.27	0.31	0.48	- -	- -	26.31	15.86	14.18	10.97	9.7	13	20.39
Total Debt/Total Assets (%)	- -	0.17	0.14	0.1	0.08	0.08	- -	- -	5.61	4.89	4.43	3.81	3.17	2.88	3.17
CFO/Total Liabilities	82.92	83.34	70.41	83.55	91.59	91.04	93.07	91.04	55.98	60.07	13.96	56.77	75.31	74.56	77.78
CFO/CapEx	3.71	1.44	0.99	0.93	2.27	3.09	4.12	2.94	1.91	1.81	0.38	2.21	4.14	3.26	4.95
Altman's Z-Score	13.07	12.21	16.16	16.33	11.52	10.17	11.93	11.86	10.79	19.94	11.68	9.66	9.86	9.09	6.39

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	23.72	21.21	20.12	22.9	25.31	23.96	24.5	29.36	28.25	26.16	30.85	37.43	32.48	31.35	33.16
Days Sales Outstanding	15.39	17.21	18.14	15.94	14.42	15.24	14.9	12.43	12.92	13.95	11.83	9.75	11.24	11.64	11.01
Inventory Turnover	7.53	6.76	7.03	8.13	8.51	8.2	8.01	8	7.21	7.78	9	8.26	8.75	9.61	9.66
Days Inventory Outstanding	48.48	54.01	51.93	44.88	42.91	44.51	45.57	45.64	50.61	46.9	40.57	44.21	41.7	37.98	37.8
Accounts Payable Turnover	12.34	11.69	11.67	12.37	11.84	10.63	10.45	11.8	10.88	9.56	12.31	14.43	13.1	12.84	10.84
Accounts Payable Turnover Days	29.58	31.23	31.26	29.51	30.83	34.33	34.94	30.93	33.56	38.17	29.64	25.3	27.86	28.42	33.67
Cash Conversion Cycle	34.29	39.99	38.81	31.31	26.5	25.41	25.53	27.15	29.97	22.69	22.76	28.67	25.09	21.2	15.13
Inventory to Cash Days	-33.1	-36.8	-33.78	-28.94	-28.49	-29.27	-30.67	-33.21	-37.69	-32.95	-28.73	-34.46	-30.47	-26.34	-26.79
Inventories	34	44	56	51	56	52	51	70	106	131	149	148	116	117	93
Raw Materials	21	- -	- -	- -	- -	35	33	45	62	69	79	81	55	48	37
Work In Process	7	- -	- -	- -	- -	8	7	8	13	17	18	20	19	19	20
Finished Goods	6	- -	- -	- -	- -	9	11	17	32	45	53	47	42	50	35
Other Inventory	- -	44	56	51	56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	1,413	1,736	3,087	3,755	2,650	2,129	2,300	2,799	4,451	12,061	6,203	4,059	4,231	3,532	2,139
- Cash & Cash Equivalents	49	74	50	76	94	91	66	108	37	163	27	181	298	212	223
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	1	1	1	1	- -	- -	- -	59	67	61	54	45	36	38
Enterprise Value	1,363	1,662	3,038	3,679	2,556	2,038	2,234	2,691	4,474	11,965	6,237	3,932	3,978	3,356	1,953
Total Capital	47	89	130	213	173	98	52	56	225	425	433	493	467	276	186
Total Debt/Capital (%)	- -	0.7	0.49	0.27	0.31	0.48	- -	- -	26.31	15.86	14.18	10.97	9.7	13	20.39
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	0.01	0.01	0.01	0.01	0.01	0.01	0.02
EV/Sales	2.66	2.87	4.11	4.07	2.66	2.25	2.59	2.7	3.58	6.89	3.03	1.88	1.98	1.67	0.99
EV/EBITDA	13.28	14.34	21.61	20.05	12.82	10.9	13.19	15.97	22.14	38.06	48.25	18.96	18.95	13.65	8.06
EV/EBIT	16.26	17.37	26.49	24.8	16.34	14.83	18.91	23.09	30.68	48.11	109.09	31.2	32.65	22.11	12.86
EV/Cash Flow to Firm	18.73	17.44	30.38	26.05	15.15	13.22	16.43	16.46	25.1	47.22	110.79	19.67	15	13.48	7.23
EV/Free Cash Flow to Firm	14.76	10.3	15.14	12.56	10.52	9.99	13.22	12.29	16.48	30.41	30.54	13.53	12.08	10.32	6.01
Diluted Market Cap	1,492	1,806	3,265	3,904	2,730	2,173	2,328	2,826	4,499	12,213	6,281	4,068	4,231	3,532	2,139
Diluted Enterprise Value	1,442	1,733	3,216	3,828	2,636	2,083	2,262	2,718	4,522	12,117	6,316	3,942	3,978	3,356	1,953
EV per Share	104.76	128.73	237.96	283.69	194.77	162.62	185.65	231.51	379.75	986.39	507.92	319.26	324.91	285.04	178.2
TTM Sales	513	580	739	903	960	906	863	996	1,250	1,736	2,058	2,090	2,009	2,013	1,965
TTM EBITDA	103	116	141	183	199	187	169	169	202	314	129	207	210	246	242
TTM Operating Income	84	96	115	148	156	137	118	117	146	249	57	126	122	152	152
TTM Cash Flow to Firm	73	95	100	141	169	154	136	163	178	253	56	200	265	249	270
TTM Free Cash Flow to Firm	92	161	201	293	243	204	169	219	271	393	204	291	329	325	325

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	16.15	11.2	16.27	13.32	11.24	10.65	13.78	12.91	16.57	31.04	30.76	14	12.85	10.86	6.59
EV/EBIT	16.26	17.37	26.49	24.8	16.34	14.83	18.91	23.09	30.68	48.11	109.09	31.2	32.65	22.11	12.86
Enterprise Value	1,363	1,662	3,038	3,679	2,556	2,038	2,234	2,691	4,474	11,965	6,237	3,932	3,978	3,356	1,953
Low Price	71	94.24	134.42	202.78	195.04	145.3	128.7	160.4	230.92	290.02	435.12	287	296.27	254.4	185.34
EV/Sales	2.66	2.87	4.11	4.07	2.66	2.25	2.59	2.7	3.58	6.89	3.03	1.88	1.98	1.67	0.99
EV/EBITDA	13.28	14.34	21.61	20.05	12.82	10.9	13.19	15.97	22.14	38.06	48.25	18.96	18.95	13.65	8.06
Price/Earnings	21.38	29.2	43.85	41.38	26.92	24.37	23.22	30.21	40.45	62.83	426.21	60.34	55.49	59.17	19.72
Price/Earnings Average	17.6	23.54	34.31	33.34	32.84	24.53	18.87	31.65	36.49	41.33	703.7	67.42	54.87	59.13	22.51
Price/Earnings High	22.75	30.95	48.16	42.73	43.34	29.09	23.94	41.38	47.6	69.05	1,139.13	97.97	67.52	73.3	30.58
Price/Earnings Low	13.99	20.47	24.38	28.98	26.01	20.85	15.64	20.12	24.72	18.33	367.16	52.55	47.57	50.18	18.73
Price/Book Value	29.9	19.58	23.84	17.68	15.4	21.77	44.04	50.16	26.89	33.74	16.67	9.24	10.03	14.69	14.46
Price/Book Value Average	24.61	15.79	18.65	14.25	18.78	21.91	35.79	52.56	24.26	22.19	27.53	10.32	9.92	14.68	16.52
Price/Book Value High	31.81	20.75	26.18	18.26	24.79	25.99	45.41	68.72	31.65	37.08	44.57	15	12.21	18.2	22.44
Price/Book Value Low	19.55	13.73	13.25	12.38	14.87	18.63	29.66	33.41	16.44	9.84	14.36	8.05	8.6	12.46	13.74
Price/Tangible Book Value	7.7	7.16	10.34	8.68	5.79	4.81	5.48	6.16	8.58	16.29	8.08	4.61	4.67	4.49	2.97
Price/Tangible Book Value Average	6.34	5.77	8.09	7	7.06	4.84	4.45	6.45	7.74	10.71	13.35	5.16	4.62	4.48	3.4
Price/Tangible Book Value High	8.2	7.59	11.36	8.97	9.32	5.74	5.65	8.44	10.1	17.9	21.61	7.49	5.68	5.56	4.61
Price/Tangible Book Value Low	5.04	5.02	5.75	6.08	5.59	4.11	3.69	4.1	5.24	4.75	6.96	4.02	4	3.8	2.83
Price/Sales	2.75	2.99	4.18	4.16	2.76	2.35	2.67	2.81	3.56	6.95	3.01	1.94	2.11	1.75	1.09
Price/Sales Average	2.27	2.41	3.27	3.35	3.37	2.36	2.17	2.95	3.21	4.57	4.98	2.17	2.08	1.75	1.24
Price/Sales High	2.93	3.17	4.59	4.29	4.44	2.8	2.75	3.85	4.19	7.63	8.06	3.15	2.56	2.17	1.69
Price/Sales Low	1.8	2.1	2.32	2.91	2.67	2.01	1.79	1.87	2.18	2.03	2.6	1.69	1.81	1.49	1.03
Price/Cash Flow	19.41	18.21	30.87	26.59	15.71	13.81	16.91	17.13	24.97	47.59	110.18	20.3	15.96	14.19	7.92
Price/Cash Flow Average	15.98	14.68	24.16	21.43	19.16	13.89	13.74	17.95	22.53	31.31	181.91	22.68	15.78	14.18	9.04
Price/Cash Flow High	20.65	19.3	33.9	27.46	25.28	16.48	17.44	23.46	29.39	52.31	294.47	32.96	19.42	17.58	12.28
Price/Cash Flow Low	12.7	12.77	17.16	18.62	15.17	11.81	11.39	11.41	15.26	13.88	94.91	17.68	13.68	12.03	7.52
Price/Free Cash Flow Average	13.29	9.03	12.73	10.74	13.7	10.72	11.19	13.53	14.95	20.42	50.78	15.64	12.71	10.85	7.52
Price/Free Cash Flow High	17.18	11.87	17.87	13.76	18.08	12.71	14.2	17.68	19.5	34.12	82.21	22.73	15.64	13.46	10.22
Price/Free Cash Flow Low	10.56	7.85	9.05	9.33	10.85	9.11	9.28	8.6	10.13	9.06	26.5	12.2	11.02	9.21	6.26
EV/Sales Average	2.17	2.29	3.2	3.27	3.27	2.26	2.09	2.84	3.23	4.51	4.99	2.11	1.96	1.67	1.15
EV/Sales High	2.83	3.04	4.52	4.21	4.35	2.7	2.67	3.74	4.21	7.58	8.07	3.09	2.44	2.09	1.59
EV/Sales Low	1.7	1.97	2.26	2.83	2.57	1.91	1.72	1.76	2.19	1.97	2.61	1.63	1.68	1.4	0.94
EV/EBITDA Average	10.85	11.44	16.83	16.08	15.74	10.97	10.65	16.76	19.98	24.93	79.49	21.26	18.72	13.65	9.31
EV/EBITDA High	14.16	15.24	23.77	20.72	20.93	13.11	13.61	22.11	26.03	41.87	128.51	31.16	23.31	17.09	12.93
EV/EBITDA Low	8.52	9.86	11.86	13.92	12.37	9.25	8.76	10.42	13.57	10.89	41.6	16.43	16.07	11.47	7.62
EV/EBIT Average	13.28	13.85	20.64	19.89	20.06	14.93	15.26	24.24	27.69	31.52	179.72	34.97	32.26	22.09	14.86
EV/EBIT High	17.34	18.45	29.14	25.63	26.67	17.83	19.52	31.98	36.08	52.92	290.56	51.27	40.18	27.67	20.63
EV/EBIT Low	10.43	11.94	14.54	17.22	15.76	12.59	12.56	15.07	18.81	13.76	94.06	27.04	27.7	18.57	12.16
Last Price	108.56	134.45	241.79	289.54	201.91	169.85	191.1	240.84	377.85	994.29	505.1	329.52	345.59	299.98	195.13
High Price	115.49	142.5	265.53	299	325	202.77	197.05	329.95	444.64	1,092.8	1,349.98	535	420.5	371.65	302.68
Enterprise Value Average	1,113	1,326	2,366	2,950	3,138	2,052	1,803	2,825	4,038	7,838	10,276	4,409	3,931	3,354	2,256
Enterprise Value High	1,453	1,766	3,341	3,802	4,171	2,451	2,306	3,726	5,261	13,160	16,612	6,463	4,895	4,200	3,132
Enterprise Value Low	874	1,143	1,667	2,554	2,466	1,730	1,483	1,756	2,743	3,422	5,378	3,409	3,374	2,819	1,846

Shares Outstanding	13	13	13	13	13	12	12	11	12	12	12	12	12	11	10
Diluted Weighted Avg Shares	14	13	14	13	14	13	12	12	12	12	12	12	12	12	11
Basic Weighted Avg Shares	13	13	13	13	13	13	12	12	12	12	12	12	12	12	11
Revenue per Share	39.43	44.93	57.89	69.63	73.15	72.32	71.71	85.67	106.09	143.15	167.56	169.71	164.06	170.96	179.29
EBITDA per Share	7.89	8.98	11.01	14.15	15.19	14.92	14.07	14.5	17.15	25.91	10.53	16.84	17.15	20.88	22.11
Operating Income per Share	6.44	7.41	8.98	11.44	11.92	10.96	9.82	10.03	12.38	20.5	4.66	10.23	9.95	12.89	13.85
Basic EPS, GAAP	5.08	4.6	5.51	7	7.5	6.97	8.23	7.97	9.34	15.83	1.19	5.46	6.23	5.07	9.9
Basic EPS from Cont Ops	5.08	4.6	5.51	7	7.5	6.97	8.23	7.97	9.34	15.83	1.19	5.46	6.23	5.07	9.9
Diluted EPS, GAAP	4.81	4.43	5.21	6.73	7.28	6.83	8.13	7.9	9.24	15.63	1.17	5.45	6.23	5.07	9.9
Diluted EPS from Cont Ops	4.81	4.43	5.21	6.73	7.28	6.83	8.13	7.9	9.24	15.63	1.17	5.45	6.23	5.07	9.9
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	5.59	7.38	7.83	10.89	12.85	12.3	11.3	14.06	15.13	20.89	4.58	16.23	21.66	21.14	24.65
Free Cash Flow per Basic Share	4.09	2.27	-0.05	-0.82	7.19	8.32	8.56	9.29	7.22	9.35	-7.46	8.88	16.42	14.66	19.67
Cash & Equivalents per Share	3.8	5.77	3.88	5.89	7.18	7.26	5.45	9.33	3.11	13.46	2.19	14.66	24.38	17.99	20.38
Book Value per Share	3.63	6.87	10.14	16.38	13.11	7.8	4.34	4.8	14.05	29.47	30.29	35.66	34.44	20.42	13.49
Tangible Book Value per Share	14.09	18.78	23.37	33.35	34.87	35.34	34.88	39.11	44.04	61.05	62.48	71.42	73.98	66.86	65.6

The Boston Beer Company, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)