The Boston Beer Company, Inc

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Case

Reference no. 9-196-138

Subject category: Finance, Accounting and Control

Authors: Amy Patricia Hutton (Harvard Business School); Christopher Charron (Harvard Business School)

Published by: Harvard Business Publishing

Originally published in: 1996

Version: 2 June 2000

Length: 29 pages

Data source: Published sources

Topics: Financial ratios; Stock offerings; Valuation; IPO; Analytics

Share a link: https://casecent.re/p/44560

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Abstract

Capital markets may have overcapitalized the craft brewing industry during a flurry of new IPOs. In the context of this 'hot' IPO market each individual company's valuation may seem reasonable. However, after careful analysis of each company's financial statement and upon consideration of analysts' forecasts of the industry's growth prospects, it is unclear whether the craft brewing industry is overcapitalized. This could be another 'hot' then 'crash' IPO industry, like biotech or the computer disk drive industry.

Industry:

Beverages