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. TAP has a bad profitability rating. Also its financial health evaluation is rather negative. TAP is valued quite cheap, while showing a decent growth score. This is a good combination! TAP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year TAP was profitable.
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.
Each year in the past 5 years TAP had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.16%, TAP is doing worse than 62.50% of the companies in the same industry.
TAP has a worse Return On Equity (8.26%) than 65.63% of its industry peers.
The Return On Invested Capital of TAP (5.98%) is worse than 65.63% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TAP is significantly below the industry average of 12.59%.
The last Return On Invested Capital (5.98%) for TAP is above the 3 year average (4.57%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.16% | ||
| ROE | 8.26% | ||
| ROIC | 5.98% |
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
Looking at the Profit Margin, with a value of 9.07%, TAP is in line with its industry, outperforming 50.00% of the companies in the same industry.
TAP's Profit Margin has declined in the last couple of years.
TAP has a Operating Margin (14.58%) 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.
With a Gross Margin value of 38.17%, TAP is not doing good in the industry: 78.13% of the companies in the same industry are doing better.
TAP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.58% | ||
| PM (TTM) | 9.07% | ||
| GM | 38.17% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TAP is destroying value.
The number of shares outstanding for TAP has been reduced compared to 1 year ago.
Compared to 5 years ago, TAP has less shares outstanding
TAP has a better debt/assets ratio than last year.
2.2 Solvency
TAP has an Altman-Z score of 1.53. This is a bad value and indicates that TAP is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.53, TAP is doing worse than 65.63% of the companies in the same industry.
The Debt to FCF ratio of TAP is 4.45, which is a neutral value as it means it would take TAP, 4.45 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.45, TAP is doing good in the industry, outperforming 75.00% of the companies in the same industry.
A Debt/Equity ratio of 0.41 indicates that TAP is not too dependend on debt financing.
TAP has a better Debt to Equity ratio (0.41) than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 4.45 | ||
| Altman-Z | 1.53 |
ROIC/WACC0.9
WACC6.62%
2.3 Liquidity
A Current Ratio of 0.69 indicates that TAP may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.69, TAP is doing worse than 78.13% of the companies in the same industry.
TAP has a Quick Ratio of 0.69. This is a bad value and indicates that TAP is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.47, TAP is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.47 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 34.25% over the past year.
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 quite strong growth in Revenue. The Revenue has grown by 10.33% in the last year.
The Revenue has been growing slightly by 1.67% on average over the past years.
EPS 1Y (TTM)34.25%
EPS 3Y11.47%
EPS 5Y1.5%
EPS Q2Q%75.93%
Revenue 1Y (TTM)10.33%
Revenue growth 3Y6.62%
Revenue growth 5Y1.67%
Sales Q2Q%10.66%
3.2 Future
TAP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.13% yearly.
The Revenue is expected to grow by 0.69% on average over the next years.
EPS Next Y5.4%
EPS Next 2Y4.59%
EPS Next 3Y4.41%
EPS Next 5Y5.13%
Revenue Next Year0.99%
Revenue Next 2Y0.85%
Revenue Next 3Y0.81%
Revenue Next 5Y0.69%
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 9.30.
Based on the Price/Earnings ratio, TAP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 24.41. TAP is valued rather cheaply when compared to this.
TAP is valuated reasonably with a Price/Forward Earnings ratio of 9.15.
100.00% of the companies in the same industry are more expensive than TAP, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of TAP to the average of the S&P500 Index (20.59), we can say TAP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.3 | ||
| Fwd PE | 9.15 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TAP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, TAP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.78 | ||
| EV/EBITDA | 6.82 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.72
PEG (5Y)6.19
EPS Next 2Y4.59%
EPS Next 3Y4.41%
5. Dividend
5.1 Amount
TAP has a Yearly Dividend Yield of 3.32%.
TAP's Dividend Yield is rather good when compared to the industry average which is at 2.83. TAP pays more dividend than 87.50% of the companies in the same industry.
TAP's Dividend Yield is a higher than the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
5.2 History
The dividend of TAP has a limited annual growth rate of 0.09%.
TAP has paid a dividend for at least 10 years, which is 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
33.39% of the earnings are spent on dividend by TAP. This is a low number and sustainable payout ratio.
The dividend of TAP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP33.39%
EPS Next 2Y4.59%
EPS Next 3Y4.41%
MOLSON COORS BEVERAGE CO - B
NYSE:TAP (7/26/2024, 7:04:00 PM)
After market: 54.33 0 (0%)54.33
+0.32 (+0.59%)
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 Cap10.86B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
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)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | 9.15 | ||
| 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)1.72
PEG (5Y)6.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.16% | ||
| ROE | 8.26% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.58% | ||
| PM (TTM) | 9.07% | ||
| GM | 38.17% | ||
| 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 Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.47 | ||
| 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)34.25%
EPS 3Y11.47%
EPS 5Y
EPS Q2Q%
EPS Next Y5.4%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)10.33%
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