MOLSON COORS BEVERAGE CO - B (TAP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TAP - US60871R2094 - Common Stock
46.11 USD
+0.64 (+1.41%)
46.11 USD
0 (0%)
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. There are concerns on the financial health of TAP while its profitability can be described as average. TAP is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year TAP was profitable.
TAP had a positive operating cash flow in the past year.
In multiple years TAP reported negative net income over the last 5 years.
In the past 5 years TAP always reported a positive cash flow from operatings.
1.2 Ratios
TAP has a worse Return On Assets (-9.14%) than 78.79% of its industry peers.
Looking at the Return On Equity, with a value of -20.24%, TAP is doing worse than 78.79% of the companies in the same industry.
TAP has a Return On Invested Capital (7.25%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TAP is significantly below the industry average of 10.84%.
The last Return On Invested Capital (7.25%) for TAP is above the 3 year average (5.01%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.14% | ||
| ROE | -20.24% | ||
| ROIC | 7.25% |
ROA(3y)2.41%
ROA(5y)1.48%
ROE(3y)4.79%
ROE(5y)2.84%
ROIC(3y)5.01%
ROIC(5y)4.84%
1.3 Margins
TAP's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 14.81%, TAP is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
TAP's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 38.74%, TAP is doing worse than 72.73% of the companies in the same industry.
In the last couple of years the Gross Margin of TAP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.81% | ||
| PM (TTM) | N/A | ||
| GM | 38.74% |
OM growth 3Y2.32%
OM growth 5Y2.32%
PM growth 3Y-0.44%
PM growth 5Y33.37%
GM growth 3Y-0.37%
GM growth 5Y-0.37%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TAP is creating some value.
The number of shares outstanding for TAP has been reduced compared to 1 year ago.
TAP has less shares outstanding than it did 5 years ago.
TAP has about the same debt/assets ratio as last year.
2.2 Solvency
TAP has an Altman-Z score of 1.37. This is a bad value and indicates that TAP is not financially healthy and even has some risk of bankruptcy.
TAP's Altman-Z score of 1.37 is on the low side compared to the rest of the industry. TAP is outperformed by 63.64% of its industry peers.
The Debt to FCF ratio of TAP is 5.75, which is a neutral value as it means it would take TAP, 5.75 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 5.75, TAP is doing good in the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 0.38 indicates that TAP is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.38, TAP is doing good in the industry, outperforming 63.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 5.75 | ||
| Altman-Z | 1.37 |
ROIC/WACC1.17
WACC6.21%
2.3 Liquidity
TAP has a Current Ratio of 0.60. This is a bad value and indicates that TAP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of TAP (0.60) is worse than 84.85% of its industry peers.
A Quick Ratio of 0.45 indicates that TAP may have some problems paying its short term obligations.
TAP has a worse Quick ratio (0.45) than 75.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.45 |
3. Growth
3.1 Past
The earnings per share for TAP have decreased by -5.80% in the last year.
TAP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.63% yearly.
Looking at the last year, TAP shows a decrease in Revenue. The Revenue has decreased by -4.01% in the last year.
Measured over the past years, TAP shows a small growth in Revenue. The Revenue has been growing by 1.91% on average per year.
EPS 1Y (TTM)-5.8%
EPS 3Y12.89%
EPS 5Y5.63%
EPS Q2Q%-7.22%
Revenue 1Y (TTM)-4.01%
Revenue growth 3Y4.19%
Revenue growth 5Y1.91%
Sales Q2Q%-2.27%
3.2 Future
Based on estimates for the next years, TAP will show a small growth in Earnings Per Share. The EPS will grow by 1.85% on average per year.
Based on estimates for the next years, TAP will show a small growth in Revenue. The Revenue will grow by 0.16% on average per year.
EPS Next Y-8.49%
EPS Next 2Y-1.95%
EPS Next 3Y0.37%
EPS Next 5Y1.85%
Revenue Next Year-3%
Revenue Next 2Y-1.27%
Revenue Next 3Y-0.55%
Revenue Next 5Y0.16%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
TAP is valuated reasonably with a Price/Earnings ratio of 8.35.
Based on the Price/Earnings ratio, TAP is valued cheaper than 90.91% of the companies in the same industry.
When comparing the Price/Earnings ratio of TAP to the average of the S&P500 Index (25.45), we can say TAP is valued rather cheaply.
The Price/Forward Earnings ratio is 8.03, which indicates a very decent valuation of TAP.
93.94% of the companies in the same industry are more expensive than TAP, based on the Price/Forward Earnings ratio.
TAP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.35 | ||
| Fwd PE | 8.03 |
4.2 Price Multiples
TAP's Enterprise Value to EBITDA 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/Free Cash Flow ratio is rather cheap when compared to the industry. TAP is cheaper than 96.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.93 | ||
| EV/EBITDA | 5.68 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.48
EPS Next 2Y-1.95%
EPS Next 3Y0.37%
5. Dividend
5.1 Amount
TAP has a Yearly Dividend Yield of 4.01%, which is a nice return.
TAP's Dividend Yield is rather good when compared to the industry average which is at 3.04. TAP pays more dividend than 90.91% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, TAP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
5.2 History
The dividend of TAP decreases each year by -2.03%.
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)-2.03%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
TAP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-17.97%
EPS Next 2Y-1.95%
EPS Next 3Y0.37%
46.11
+0.64 (+1.41%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners93.32%
Inst Owner Change2.07%
Ins Owners0.3%
Ins Owner Change3.23%
Market Cap8.67B
Revenue(TTM)11.21B
Net Income(TTM)-2.09B
Analysts66.15
Price Target54.94 (19.15%)
Short Float %10.71%
Short Ratio6.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
Yearly Dividend1.77
Dividend Growth(5Y)-2.03%
DP-17.97%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.98%
Min EPS beat(2)-2.76%
Max EPS beat(2)10.71%
EPS beat(4)2
Avg EPS beat(4)-4.45%
Min EPS beat(4)-40.05%
Max EPS beat(4)14.31%
EPS beat(8)6
Avg EPS beat(8)4.31%
EPS beat(12)10
Avg EPS beat(12)15.95%
EPS beat(16)11
Avg EPS beat(16)14.35%
Revenue beat(2)1
Avg Revenue beat(2)-0.33%
Min Revenue beat(2)-2.76%
Max Revenue beat(2)2.1%
Revenue beat(4)2
Avg Revenue beat(4)-1.46%
Min Revenue beat(4)-5.38%
Max Revenue beat(4)2.1%
Revenue beat(8)4
Avg Revenue beat(8)-0.73%
Revenue beat(12)6
Avg Revenue beat(12)-0.25%
Revenue beat(16)9
Avg Revenue beat(16)0.05%
PT rev (1m)-2.33%
PT rev (3m)-9.17%
EPS NQ rev (1m)-1.38%
EPS NQ rev (3m)-2.2%
EPS NY rev (1m)-0.43%
EPS NY rev (3m)-9%
Revenue NQ rev (1m)0.76%
Revenue NQ rev (3m)0.47%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-0.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.35 | ||
| Fwd PE | 8.03 | ||
| P/S | 0.77 | ||
| P/FCF | 7.93 | ||
| P/OCF | 4.99 | ||
| P/B | 0.84 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.68 |
EPS(TTM)5.52
EY11.97%
EPS(NY)5.74
Fwd EY12.45%
FCF(TTM)5.82
FCFY12.62%
OCF(TTM)9.25
OCFY20.06%
SpS59.66
BVpS54.94
TBVpS-19.33
PEG (NY)N/A
PEG (5Y)1.48
Graham Number82.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.14% | ||
| ROE | -20.24% | ||
| ROCE | 9.48% | ||
| ROIC | 7.25% | ||
| ROICexc | 7.67% | ||
| ROICexgc | 47.96% | ||
| OM | 14.81% | ||
| PM (TTM) | N/A | ||
| GM | 38.74% | ||
| FCFM | 9.75% |
ROA(3y)2.41%
ROA(5y)1.48%
ROE(3y)4.79%
ROE(5y)2.84%
ROIC(3y)5.01%
ROIC(5y)4.84%
ROICexc(3y)5.21%
ROICexc(5y)5.01%
ROICexgc(3y)29.37%
ROICexgc(5y)30.38%
ROCE(3y)6.54%
ROCE(5y)6.31%
ROICexgc growth 3Y3.49%
ROICexgc growth 5Y-0.7%
ROICexc growth 3Y8.65%
ROICexc growth 5Y6.6%
OM growth 3Y2.32%
OM growth 5Y2.32%
PM growth 3Y-0.44%
PM growth 5Y33.37%
GM growth 3Y-0.37%
GM growth 5Y-0.37%
F-Score5
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 5.75 | ||
| Debt/EBITDA | 1.61 | ||
| Cap/Depr | 82.93% | ||
| Cap/Sales | 5.75% | ||
| Interest Coverage | 6.89 | ||
| Cash Conversion | 71.28% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.45 | ||
| Altman-Z | 1.37 |
F-Score5
WACC6.21%
ROIC/WACC1.17
Cap/Depr(3y)94.57%
Cap/Depr(5y)82.5%
Cap/Sales(3y)5.91%
Cap/Sales(5y)5.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.8%
EPS 3Y12.89%
EPS 5Y5.63%
EPS Q2Q%-7.22%
EPS Next Y-8.49%
EPS Next 2Y-1.95%
EPS Next 3Y0.37%
EPS Next 5Y1.85%
Revenue 1Y (TTM)-4.01%
Revenue growth 3Y4.19%
Revenue growth 5Y1.91%
Sales Q2Q%-2.27%
Revenue Next Year-3%
Revenue Next 2Y-1.27%
Revenue Next 3Y-0.55%
Revenue Next 5Y0.16%
EBIT growth 1Y-6.57%
EBIT growth 3Y6.6%
EBIT growth 5Y4.27%
EBIT Next Year31.33%
EBIT Next 3Y9.59%
EBIT Next 5Y5.57%
FCF growth 1Y-19.85%
FCF growth 3Y5.56%
FCF growth 5Y-1.05%
OCF growth 1Y-12.61%
OCF growth 3Y6.68%
OCF growth 5Y0.14%
MOLSON COORS BEVERAGE CO - B / TAP FAQ
What is the ChartMill fundamental rating of MOLSON COORS BEVERAGE CO - B (TAP) stock?
ChartMill assigns a fundamental rating of 4 / 10 to TAP.
What is the valuation status for TAP stock?
ChartMill assigns a valuation rating of 7 / 10 to MOLSON COORS BEVERAGE CO - B (TAP). This can be considered as Undervalued.
What is the profitability of TAP stock?
MOLSON COORS BEVERAGE CO - B (TAP) has a profitability rating of 4 / 10.
How financially healthy is MOLSON COORS BEVERAGE CO - B?
The financial health rating of MOLSON COORS BEVERAGE CO - B (TAP) is 3 / 10.
What is the expected EPS growth for MOLSON COORS BEVERAGE CO - B (TAP) stock?
The Earnings per Share (EPS) of MOLSON COORS BEVERAGE CO - B (TAP) is expected to decline by -8.49% in the next year.