MOLSON COORS BEVERAGE CO - B (TAP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TAP - US60871R2094 - Common Stock
47.6 USD
+0.54 (+1.15%)
47.6 USD
0 (0%)
TAP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 34 industry peers in the Beverages industry. TAP has a medium profitability rating, but doesn't score so well on its financial health evaluation. TAP is cheap, but on the other hand it scores bad on growth.
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.
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
Looking at the Return On Assets, with a value of -9.14%, TAP is doing worse than 79.41% of the companies in the same industry.
TAP's Return On Equity of -20.24% is on the low side compared to the rest of the industry. TAP is outperformed by 79.41% of its industry peers.
With a Return On Invested Capital value of 7.25%, TAP perfoms like the industry average, outperforming 50.00% 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 11.55%.
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.
TAP has a Operating Margin of 14.81%. This is in the better half of the industry: TAP outperforms 67.65% of its industry peers.
TAP's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 38.74%, TAP is not doing good in the industry: 70.59% of the companies in the same industry are doing better.
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
TAP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, TAP has less shares outstanding
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
Based on the Altman-Z score of 1.39, we must say that TAP is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of TAP (1.39) is worse than 61.76% of its industry peers.
TAP has a debt to FCF ratio of 5.75. This is a neutral value as TAP would need 5.75 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.75, TAP is doing good in the industry, outperforming 67.65% of the companies in the same industry.
A Debt/Equity ratio of 0.38 indicates that TAP is not too dependend on debt financing.
TAP's Debt to Equity ratio of 0.38 is in line compared to the rest of the industry. TAP outperforms 58.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 5.75 | ||
| Altman-Z | 1.39 |
ROIC/WACC1.15
WACC6.31%
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 85.29% 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 73.53% 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.
Measured over the past 5 years, TAP shows a small growth in Earnings Per Share. The EPS has been growing by 5.63% on average per year.
Looking at the last year, TAP shows a decrease in Revenue. The Revenue has decreased by -4.01% in the last year.
TAP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.91% yearly.
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 1.50% on average per year.
The Revenue is expected to decrease by -0.09% on average over the next years.
EPS Next Y-8.71%
EPS Next 2Y-3.02%
EPS Next 3Y-0.83%
EPS Next 5Y1.5%
Revenue Next Year-3.44%
Revenue Next 2Y-1.85%
Revenue Next 3Y-1.18%
Revenue Next 5Y-0.09%
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 decreasing.
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 8.62, which indicates a very decent valuation of TAP.
88.24% of the companies in the same industry are more expensive than TAP, based on the Price/Earnings ratio.
TAP is valuated cheaply when we compare the Price/Earnings ratio to 26.56, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.48, which indicates a very decent valuation of TAP.
94.12% of the companies in the same industry are more expensive than TAP, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.79. TAP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.62 | ||
| Fwd PE | 8.48 |
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.
Based on the Price/Free Cash Flow ratio, TAP is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.18 | ||
| EV/EBITDA | 5.84 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.53
EPS Next 2Y-3.02%
EPS Next 3Y-0.83%
5. Dividend
5.1 Amount
TAP has a Yearly Dividend Yield of 3.99%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.70, TAP pays a better dividend. On top of this TAP pays more dividend than 91.18% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.87, TAP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
5.2 History
The dividend of TAP decreases each year by -2.03%.
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)-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-3.02%
EPS Next 3Y-0.83%
47.6
+0.54 (+1.15%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners95.78%
Inst Owner Change2.16%
Ins Owners0.35%
Ins Owner Change2.16%
Market Cap8.94B
Revenue(TTM)11.21B
Net Income(TTM)-2.09B
Analysts66.92
Price Target52.45 (10.19%)
Short Float %10.41%
Short Ratio5.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
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)-4.55%
PT rev (3m)-6.77%
EPS NQ rev (1m)0.09%
EPS NQ rev (3m)-2.1%
EPS NY rev (1m)-0.24%
EPS NY rev (3m)-1.34%
Revenue NQ rev (1m)-0.14%
Revenue NQ rev (3m)0.33%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)-0.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.62 | ||
| Fwd PE | 8.48 | ||
| P/S | 0.8 | ||
| P/FCF | 8.18 | ||
| P/OCF | 5.14 | ||
| P/B | 0.87 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.84 |
EPS(TTM)5.52
EY11.6%
EPS(NY)5.61
Fwd EY11.79%
FCF(TTM)5.82
FCFY12.23%
OCF(TTM)9.25
OCFY19.44%
SpS59.69
BVpS54.96
TBVpS-19.34
PEG (NY)N/A
PEG (5Y)1.53
Graham Number82.62
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 | 1.39 |
F-Score5
WACC6.31%
ROIC/WACC1.15
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-8.71%
EPS Next 2Y-3.02%
EPS Next 3Y-0.83%
EPS Next 5Y1.5%
Revenue 1Y (TTM)-4.01%
Revenue growth 3Y4.19%
Revenue growth 5Y1.91%
Sales Q2Q%-2.27%
Revenue Next Year-3.44%
Revenue Next 2Y-1.85%
Revenue Next 3Y-1.18%
Revenue Next 5Y-0.09%
EBIT growth 1Y-6.57%
EBIT growth 3Y6.6%
EBIT growth 5Y4.27%
EBIT Next Year30.26%
EBIT Next 3Y8.34%
EBIT Next 5Y5.5%
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 -8.71% in the next year.