NewAge Inc (fka NBEVQ) (NBEVQ)

[NewJerichoMan]

$nBEV Peer Comparison - 5/25/17

Per usual, the market is recognizing our past growth (TTM) but not our future growth (FTM).

This is as of EOD 5/25/17. The closing share price was $6.27, right up against all-time highs.

I manually inputted the share count at 35,624,990 based on the current share count of 31.3M + Marley (2.8M) + warrants (267K) + PMC (1.2M). This inflates our market cap beyond what most of the market is recognizing.

I've estimated the FTM's revenues at $80M. For reference, our average projection for 2018 (not a true comparison), per our 2 analysts, is $85.2M.

Our future growth is being valued on par with the mature businesses of $DPS and $PEP (2.79 versus 2.59 and 2.75, respectively).

I think the data illustrates a lot of upside, even without taking into consideration many of the potential upside events in $nBEV's future.