- Although Celsius has grown almost sixfold over the past five years, there is still huge room for growth in both the domestic and international markets.
- Celsius' addressable market is large and growing, with home-state Florida having three times the market share of other states.
- While margins came under pressure in 2021, we expect Celsius to become more profitable in the long term as economies of scale materialize.
- According to our valuation, CELH stock is trading at a discount to fair market value.
For further details see:
Celsius Holdings: Expansion Continues