Fevertree Drinks PLC (FEVR.L)

Fevertree Drinks PLC (FEVR.L) — VMCI valuation read

Headline read on FEVR.L: VMCI of 52/100 versus a Consumer Defensive sector median of 50. The 2-point above-median position is what makes Fevertree Drinks PLC a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on FEVR.L: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on FEVR.L: value (FEVR.L trades at 25.0x earnings, 39% above the Consumer Defensive median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Consumer Defensive median (10.0%)), and risk (net debt to EBITDA of 0.0x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Consumer Defensive 12.0x baseline.

FEVR.L fell 3.0% over the trailing 7 days, with a +6.4% read on a 30-day basis.