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 32 industry peers in the Beverages industry. There are concerns on the financial health of TAP while its profitability can be described as average. A decent growth rate in combination with a cheap valuation! Better keep an eye on TAP. TAP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
TAP had positive earnings in the past year.
TAP had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: TAP reported negative net income in multiple years.
TAP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TAP has a Return On Assets (4.27%) which is in line with its industry peers.
TAP has a Return On Equity of 8.87%. This is comparable to the rest of the industry: TAP outperforms 41.94% of its industry peers.
TAP's Return On Invested Capital of 6.12% is on the low side compared to the rest of the industry. TAP is outperformed by 64.52% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TAP is significantly below the industry average of 13.19%.
The 3 year average ROIC (4.57%) for TAP is below the current ROIC(6.12%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.27% | ||
| ROE | 8.87% | ||
| ROIC | 6.12% |
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
With a Profit Margin value of 9.79%, TAP perfoms like the industry average, outperforming 51.61% of the companies in the same industry.
In the last couple of years the Profit Margin of TAP has declined.
TAP has a Operating Margin (15.58%) which is in line with its industry peers.
In the last couple of years the Operating Margin of TAP has remained more or less at the same level.
TAP has a worse Gross Margin (39.14%) than 70.97% of its industry peers.
TAP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.58% | ||
| PM (TTM) | 9.79% | ||
| GM | 39.14% |
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.
TAP has less shares outstanding than it did 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 1.52, we must say that TAP is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of TAP (1.52) is worse than 67.74% of its industry peers.
The Debt to FCF ratio of TAP is 5.22, which is a neutral value as it means it would take TAP, 5.22 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.22, TAP is in the better half of the industry, outperforming 67.74% of the companies in the same industry.
TAP has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
TAP has a Debt to Equity ratio of 0.47. This is in the better half of the industry: TAP outperforms 64.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 5.22 | ||
| Altman-Z | 1.52 |
ROIC/WACC0.94
WACC6.5%
2.3 Liquidity
TAP has a Current Ratio of 0.95. 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 has a worse Current ratio (0.95) than 74.19% of its industry peers.
TAP has a Quick Ratio of 0.95. 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 Quick ratio of 0.75 is on the low side compared to the rest of the industry. TAP is outperformed by 61.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
TAP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.05%, which is quite impressive.
The Earnings Per Share has been growing slightly by 1.50% on average over the past years.
Looking at the last year, TAP shows a small growth in Revenue. The Revenue has grown by 6.80% in the last 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)21.05%
EPS 3Y11.47%
EPS 5Y1.5%
EPS Q2Q%7.87%
Revenue 1Y (TTM)6.8%
Revenue growth 3Y6.62%
Revenue growth 5Y1.67%
Sales Q2Q%-0.44%
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 5.13% on average per year.
Based on estimates for the next years, TAP will show a small growth in Revenue. The Revenue will grow by 0.69% on average per year.
EPS Next Y6.61%
EPS Next 2Y4.63%
EPS Next 3Y4.37%
EPS Next 5Y5.13%
Revenue Next Year0.55%
Revenue Next 2Y0.44%
Revenue Next 3Y0.59%
Revenue Next 5Y0.69%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
The Price/Earnings ratio is 9.30, which indicates a very decent valuation of TAP.
100.00% of the companies in the same industry are more expensive than TAP, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 31.46, TAP is valued rather cheaply.
A Price/Forward Earnings ratio of 9.35 indicates a reasonable valuation of TAP.
Based on the Price/Forward Earnings ratio, TAP is valued cheaper than 96.77% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TAP to the average of the S&P500 Index (22.63), we can say TAP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.3 | ||
| Fwd PE | 9.35 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TAP indicates a rather cheap valuation: TAP is cheaper than 100.00% of the companies listed in the same industry.
100.00% of the companies in the same industry are more expensive than TAP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.03 | ||
| EV/EBITDA | 6.4 |
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)1.41
PEG (5Y)6.19
EPS Next 2Y4.63%
EPS Next 3Y4.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.14%, TAP has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.77, TAP pays a better dividend. On top of this TAP pays more dividend than 83.87% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.18, TAP pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
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 31.22% of its income as dividend. This is a sustainable payout ratio.
The dividend of TAP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP31.22%
EPS Next 2Y4.63%
EPS Next 3Y4.37%
MOLSON COORS BEVERAGE CO - B
NYSE:TAP (10/22/2024, 1:29:05 PM)
55.59
-0.13 (-0.23%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap10.85B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.3 | ||
| Fwd PE | 9.35 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.41
PEG (5Y)6.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.27% | ||
| ROE | 8.87% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 15.58% | ||
| PM (TTM) | 9.79% | ||
| GM | 39.14% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)21.05%
EPS 3Y11.47%
EPS 5Y
EPS Q2Q%
EPS Next Y6.61%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)6.8%
Revenue growth 3Y6.62%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y