MOLSON COORS BEVERAGE CO - B (TAP)
US60871R2094 - Common Stock
Taking everything into account, TAP scores 4 out of 10 in our fundamental rating. TAP was compared to 33 industry peers in the Beverages industry. The financial health of TAP is average, but there are quite some concerns on its profitability. TAP is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
TAP had positive earnings in the past year.
In the past year TAP had a positive cash flow from operations.
In multiple years TAP reported negative net income over the last 5 years.
Each year in the past 5 years TAP had a positive operating cash flow.
1.2 Ratios
TAP's Return On Assets of 3.52% is in line compared to the rest of the industry. TAP outperforms 45.45% of its industry peers.
TAP's Return On Equity of 7.03% is on the low side compared to the rest of the industry. TAP is outperformed by 66.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.80%, TAP is doing worse than 63.64% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TAP is significantly below the industry average of 12.99%.
The last Return On Invested Capital (5.80%) for TAP is above the 3 year average (4.57%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.52% | ||
| ROE | 7.03% | ||
| ROIC | 5.8% |
ROA(3y)2.19%
ROA(5y)0.79%
ROE(3y)4.44%
ROE(5y)1.49%
ROIC(3y)4.57%
ROIC(5y)4.51%
1.3 Margins
The Profit Margin of TAP (8.03%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of TAP has declined.
With a Operating Margin value of 15.22%, TAP perfoms like the industry average, outperforming 57.58% of the companies in the same industry.
TAP's Operating Margin has been stable in the last couple of years.
TAP has a worse Gross Margin (38.77%) than 75.76% of its industry peers.
TAP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.22% | ||
| PM (TTM) | 8.03% | ||
| GM | 38.77% |
OM growth 3Y-0.51%
OM growth 5Y1.14%
PM growth 3YN/A
PM growth 5Y-4.8%
GM growth 3Y-1.47%
GM growth 5Y-0.8%
2. Health
2.1 Basic Checks
TAP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for TAP has been reduced compared to 1 year ago.
The number of shares outstanding for TAP has been reduced compared to 5 years ago.
Compared to 1 year ago, TAP has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.60, we must say that TAP is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.60, TAP is doing worse than 60.61% of the companies in the same industry.
The Debt to FCF ratio of TAP is 5.43, which is a neutral value as it means it would take TAP, 5.43 years of fcf income to pay off all of its debts.
TAP's Debt to FCF ratio of 5.43 is fine compared to the rest of the industry. TAP outperforms 75.76% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that TAP is not too dependend on debt financing.
TAP's Debt to Equity ratio of 0.47 is fine compared to the rest of the industry. TAP outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 5.43 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.84
WACC6.91%
2.3 Liquidity
TAP has a Current Ratio of 0.99. This is a bad value and indicates that TAP is not financially healthy enough and could expect problems in meeting its short term obligations.
TAP's Current ratio of 0.99 is on the low side compared to the rest of the industry. TAP is outperformed by 66.67% of its industry peers.
A Quick Ratio of 0.74 indicates that TAP may have some problems paying its short term obligations.
The Quick ratio of TAP (0.74) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.78% over the past year.
The Earnings Per Share has been growing slightly by 1.50% on average over the past years.
The Revenue has been growing slightly by 1.23% in the past year.
Measured over the past years, TAP shows a small growth in Revenue. The Revenue has been growing by 1.67% on average per year.
EPS 1Y (TTM)5.78%
EPS 3Y11.47%
EPS 5Y1.5%
EPS Q2Q%-6.25%
Revenue 1Y (TTM)1.23%
Revenue growth 3Y6.62%
Revenue growth 5Y1.67%
Sales Q2Q%-7.75%
3.2 Future
The Earnings Per Share is expected to grow by 4.80% on average over the next years.
TAP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.49% yearly.
EPS Next Y7.79%
EPS Next 2Y5.18%
EPS Next 3Y4.85%
EPS Next 5Y4.8%
Revenue Next Year-0.78%
Revenue Next 2Y-0.4%
Revenue Next 3Y-0.05%
Revenue Next 5Y0.49%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
TAP is valuated reasonably with a Price/Earnings ratio of 10.13.
TAP's Price/Earnings ratio is rather cheap when compared to the industry. TAP is cheaper than 96.97% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.73. TAP is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 9.88, which indicates a very decent valuation of TAP.
TAP's Price/Forward Earnings ratio is rather cheap when compared to the industry. TAP is cheaper than 100.00% of the companies in the same industry.
TAP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.13 | ||
| Fwd PE | 9.88 |
4.2 Price Multiples
TAP's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. TAP is cheaper than 96.97% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TAP indicates a rather cheap valuation: TAP is cheaper than 93.94% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.12 | ||
| EV/EBITDA | 6.77 |
4.3 Compensation for Growth
TAP's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.3
PEG (5Y)6.74
EPS Next 2Y5.18%
EPS Next 3Y4.85%
5. Dividend
5.1 Amount
TAP has a Yearly Dividend Yield of 3.00%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.95, TAP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.24, TAP pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3% |
5.2 History
The dividend of TAP has a limited annual growth rate of 0.09%.
TAP has been paying a dividend for at least 10 years, so it has a reliable track record.
TAP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.09%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
TAP pays out 39.17% of its income as dividend. This is a sustainable payout ratio.
TAP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.17%
EPS Next 2Y5.18%
EPS Next 3Y4.85%
MOLSON COORS BEVERAGE CO - B
NYSE:TAP (12/20/2024, 8:04:00 PM)
After market: 59.17 -0.17 (-0.29%)59.34
+0.69 (+1.18%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners89.92%
Inst Owner Change-0.29%
Ins Owners0.63%
Ins Owner Change-0.14%
Market Cap11.64B
Analysts63.2
Price Target62.71 (5.68%)
Short Float %5.02%
Short Ratio4.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3% |
Dividend Growth(5Y)0.09%
DP39.17%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.03%
Min EPS beat(2)6.86%
Max EPS beat(2)13.21%
EPS beat(4)4
Avg EPS beat(4)13.06%
Min EPS beat(4)4.93%
Max EPS beat(4)27.23%
EPS beat(8)8
Avg EPS beat(8)26.14%
EPS beat(12)9
Avg EPS beat(12)20.62%
EPS beat(16)12
Avg EPS beat(16)21.23%
Revenue beat(2)1
Avg Revenue beat(2)-1.29%
Min Revenue beat(2)-3.8%
Max Revenue beat(2)1.22%
Revenue beat(4)2
Avg Revenue beat(4)0%
Min Revenue beat(4)-3.8%
Max Revenue beat(4)2.99%
Revenue beat(8)4
Avg Revenue beat(8)0.36%
Revenue beat(12)7
Avg Revenue beat(12)0.55%
Revenue beat(16)8
Avg Revenue beat(16)0.05%
PT rev (1m)2.38%
PT rev (3m)2.47%
EPS NQ rev (1m)-7.58%
EPS NQ rev (3m)-6.89%
EPS NY rev (1m)1.51%
EPS NY rev (3m)1.11%
Revenue NQ rev (1m)-0.9%
Revenue NQ rev (3m)-1.51%
Revenue NY rev (1m)-0.71%
Revenue NY rev (3m)-1.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.13 | ||
| Fwd PE | 9.88 | ||
| P/S | 1 | ||
| P/FCF | 10.12 | ||
| P/OCF | 6.16 | ||
| P/B | 0.87 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.77 |
EPS(TTM)5.86
EY9.88%
EPS(NY)6.01
Fwd EY10.12%
FCF(TTM)5.86
FCFY9.88%
OCF(TTM)9.64
OCFY16.24%
SpS59.56
BVpS68.04
TBVpS-22.33
PEG (NY)1.3
PEG (5Y)6.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.52% | ||
| ROE | 7.03% | ||
| ROCE | 7.6% | ||
| ROIC | 5.8% | ||
| ROICexc | 6.06% | ||
| ROICexgc | 29.09% | ||
| OM | 15.22% | ||
| PM (TTM) | 8.03% | ||
| GM | 38.77% | ||
| FCFM | 9.84% |
ROA(3y)2.19%
ROA(5y)0.79%
ROE(3y)4.44%
ROE(5y)1.49%
ROIC(3y)4.57%
ROIC(5y)4.51%
ROICexc(3y)4.72%
ROICexc(5y)4.64%
ROICexgc(3y)28.19%
ROICexgc(5y)30.48%
ROCE(3y)5.99%
ROCE(5y)5.9%
ROICexcg growth 3Y0.34%
ROICexcg growth 5Y-2.16%
ROICexc growth 3Y8.07%
ROICexc growth 5Y5.84%
OM growth 3Y-0.51%
OM growth 5Y1.14%
PM growth 3YN/A
PM growth 5Y-4.8%
GM growth 3Y-1.47%
GM growth 5Y-0.8%
F-Score8
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 5.43 | ||
| Debt/EBITDA | 2.53 | ||
| Cap/Depr | 107.88% | ||
| Cap/Sales | 6.34% | ||
| Interest Coverage | 8.29 | ||
| Cash Conversion | 76.71% | ||
| Profit Quality | 122.6% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 1.6 |
F-Score8
WACC6.91%
ROIC/WACC0.84
Cap/Depr(3y)87.14%
Cap/Depr(5y)78.58%
Cap/Sales(3y)5.67%
Cap/Sales(5y)5.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.78%
EPS 3Y11.47%
EPS 5Y1.5%
EPS Q2Q%-6.25%
EPS Next Y7.79%
EPS Next 2Y5.18%
EPS Next 3Y4.85%
EPS Next 5Y4.8%
Revenue 1Y (TTM)1.23%
Revenue growth 3Y6.62%
Revenue growth 5Y1.67%
Sales Q2Q%-7.75%
Revenue Next Year-0.78%
Revenue Next 2Y-0.4%
Revenue Next 3Y-0.05%
Revenue Next 5Y0.49%
EBIT growth 1Y12.01%
EBIT growth 3Y6.08%
EBIT growth 5Y2.83%
EBIT Next Year46.13%
EBIT Next 3Y14.09%
EBIT Next 5Y8.67%
FCF growth 1Y56.79%
FCF growth 3Y7.88%
FCF growth 5Y-3.47%
OCF growth 1Y32.81%
OCF growth 3Y7.03%
OCF growth 5Y-2.26%