SODA - Sector: Consumer Goods---Industry: Packaging & Containers

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I spy...  

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Profile: 

SodaStream International Ltd.
Gilboa Street Airport City
Ben Gurion Airport
Tel Aviv, 70100
United States - Map
Phone: 972 3 976 2462
Fax: 972 3 973 6673
Website: http://www.sodastream.com

Details   
Index Membership: N/A
Sector: Consumer Goods
Industry: Packaging & Containers
Full Time Employees: 823


Business Summary   

SodaStream International Ltd. engages in the development, manufacture, and marketing of home beverage carbonation systems and related products. Its home beverage carbonation systems enable consumers to transform ordinary tap water into carbonated soft drinks and sparkling water. The company offers a range of soda makers; exchangeable carbon-dioxide (CO2) cylinders; beverage-grade CO2 refills; reusable carbonation bottles; and various flavors comprising fruit, carbonated soft drink, and enhanced flavors to add to the carbonated water. It also sells additional accessories for its products, including bottle cleaning materials and ice cube trays manufactured by third parties. The company sells its products under the SodaStream and Soda-Club brand names through approximately 40,000 retail stores in 41 countries, as well as through the Internet; and distributes its products directly in 12 countries and indirectly through local distributors in other markets. It operates in Europe, North and Central America, Israel, South Africa, Australia, New Zealand, and east Asia. The company was formerly known as Soda-Club Holdings Ltd. and changed its name to SodaStream International Ltd. in March 2010. SodaStream International Ltd. is headquartered in Tel Aviv, Israel.

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SodaStream Surges on Green Mountain Profit: Israel Overnight

SodaStream International Ltd. (SODA) rose the most in three weeks on bets the Israeli producer of homemade soda machines will repeat the earnings surprise of consumer products companies such as Green Mountain Coffee Roasters Inc. (GMCR)

Shares of the Airport City, Israel-based company climbed 8.8 percent to $70.79 yesterday in New York, the biggest increase since July 1. SodaStream is up 254 percent since its Nov. 2 initial public offering on the Nasdaq Stock Exchange. The advance is the biggest among 177 companies that had their offerings since then, according to data compiled by Bloomberg.

Green Mountain of Waterbury, Vermont, jumped 16 percent yesterday after giving an annual profit forecast that exceeded analysts' estimates on demand for its Keurig brewing machine. SodaStream, which is in 4.5 million homes in 41 countries, will probably say on Aug. 11 that second-quarter sales rose 46 percent to $71.2 million, according to the median forecast of six analysts surveyed by Bloomberg.

"The company is going up because results were pretty good for Green Mountain," said Josef Schuster, the founder of IPOX Schuster LLC, who owns SodaStream shares. "There's big demand for these specialty consumer products right now."

The Bloomberg Israel-US 25 Index of the biggest Israeli companies traded in the U.S. climbed the most in a week, rising 0.9 percent to 98.45 yesterday. The gauge is down 5 percent this year. Israel's benchmark TA-25 Index dropped 1.8 percent and has lost 7.1 percent this year, or 4 percent in dollar terms.

Price Ratio
SodaStream trades at 104 times reported profit, while shares in the Nasdaq Composite Index fetch an average 16 times earnings, according to data compiled by Bloomberg.

"These multiples are justified in our view given our expectations for rapid top- and bottom-line growth for the foreseeable future," Joseph Altobello, an analyst at Oppenheimer & Co., wrote in an e-mailed report yesterday.

Shares of SodaStream will increase 13 percent to $80 in the next 12 months, Altobello wrote. He raised his price estimate from a previous forecast of $60.

"SODA remains a compelling growth story as the company continues to expand its brand globally, most notably in the U.S.," Altobello wrote.

SodaStream products are available in about 7,000 retail stores in the U.S., including Best Buy and Bed Bath & Beyond, up from over 4,000 in early March and 1,300 at the beginning of 2010, according to Oppenheimer.

Shares of Winston-Salem, North Carolina-based Primo Water Corp. (PRMW), which provides purified bottled water and water dispensers, climbed the most in a month yesterday, advancing 4.8 percent to $14.54.

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SodaStream Popped: What You Need to Know...

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Something's up at SodaStream International (Nasdaq: SODA) . Actually, two somethings: (1) the stock price, which is skyrocketing like a bottle of Mentos-fueled Diet Coke and (2) whatever the heck it was that caused the eruption.

So what: It's not uncommon to see a stock pop after reporting strong earnings. It's a bit less common to see what we're seeing here today: SodaStream stock jumping 11% on merely the confirmation that it's going to report earnings two weeks from now. Earnings that could very well be strong, but that could just as easily be weak.

Now what: Call me a cynic, but if I were a SodaStream shareholder, I'd be counting my blessings ... and counting my winnings today, as I scoop chips off the table. I mean, why wait for details on how SodaStream did last quarter when Mr. Market is handing you your profits today, no details required?

The more so when you consider that at a price north of 72 times earnings, there's a very real possibility that anything less than a blockbuster quarter will explode this overpriced, overhyped fizz bottle. With a $1.4 billion market cap, SodaStream has minimal earnings and is actually burning cash. To me, that doesn't sound like a formula for success. But if Mr. Market sees fit to reward it today, I'd take the money and run

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SodaStream Schedules the Release of its Financial Results for the Second Quarter of 2011 for Thursday, August 11, 2011

AIRPORT CITY, Israel, July 28, 2011 /PRNewswire/ -- SodaStream International Ltd. (NASDAQ:SODA - News) announced today that it intends to release its financial results for the second quarter of 2011 on Thursday, August 11, 2011 at approximately 7:30 a.m. ET, to be followed by a conference call at 8:30 a.m. ET.  The conference call will be broadcast live at the Company's IR website, http://sodastream.investorroom.com.  An online archive of the webcast will be available beginning approximately 30 minutes after the call.

(Logo: http://photos.prnewswire.com/prnh/20100903/NY58941LOGO-b )

Listeners should login approximately 20 minutes before the conference call is scheduled to begin in order to register, as well as download and install any necessary audio software.

About SodaStream

SodaStream manufactures home beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. Soda makers offer a highly differentiated and innovative solution to consumers of bottled and canned carbonated soft drinks and sparkling water. Our products are environmentally friendly, cost effective, promote health and wellness, and are customizable and fun to use. In addition, our products offer convenience by eliminating the need to carry bottles home from the supermarket, to store bottles at home or to regularly dispose of empty bottles. Our products are available at more than 40,000 retail stores in 41 countries around the world.  For more information on SodaStream, please visit the Company's website: www.sodastream.com.

Forward-Looking Statement

This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements are based on management's current beliefs and expectations and involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our ability to expand into our target markets, including the United States; our ability to continue to develop or maintain our presence in retail networks; our ability to develop and implement production and operating infrastructure to effectively support our growth; the success of our marketing campaigns and media spending in terms of increased sales or increased product and brand name awareness; our ability to maintain our customer base in markets where we have an established presence; the risks associated with our reliance on exclusive arrangements for the distribution of our home beverage carbonation systems and consumables in each of the markets in which we use third-party distributors; our ability to compete effectively with other companies which currently offer, or may offer in the future, competing products; potential product liability claims if any component of our home beverage carbonation systems is misused; our ability to protect our intellectual property rights; our being found to have a dominant position in certain markets which may place limits on our ability operate; risks associated with our being subject to fluctuations in currency exchange rates; our potential exposure to greater than anticipated tax liabilities; our products being subject to extensive governmental regulation in the markets in which we operate; adverse conditions in the global economy which could negatively impact our customers' demand for our products; and other factors detailed in documents we file from time to time with the United States Securities and Exchange Commission.  Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

Company Contact:
Yonah Lloyd
Executive Director
Corporate Development and Communication
Phone: +972-3-976-2462
[email protected]