MOLSON COORS BEVERAGE CO - B (TAP) Fundamental Analysis & Valuation
NYSE:TAP • US60871R2094
46.64 USD
-0.46 (-0.98%)
At close: Mar 6, 2026
46.5 USD
-0.14 (-0.3%)
After Hours: 3/6/2026, 8:04:00 PM
This TAP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall TAP gets a fundamental rating of 4 out of 10. We evaluated TAP against 33 industry peers in the Beverages industry. Both the profitability and financial health of TAP have multiple concerns. TAP is valued quite cheap, but it does not seem to be growing.
1. TAP Profitability Analysis
1.1 Basic Checks
- TAP had positive earnings in the past year.
- In the past year TAP had a positive cash flow from operations.
- 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 -9.41%, TAP is doing worse than 81.82% of the companies in the same industry.
- TAP has a Return On Equity of -20.91%. This is amonst the worse of the industry: TAP underperforms 81.82% of its industry peers.
- TAP has a Return On Invested Capital of 7.19%. This is comparable to the rest of the industry: TAP outperforms 48.48% of its industry peers.
- TAP had an Average Return On Invested Capital over the past 3 years of 6.25%. This is significantly below the industry average of 11.62%.
- The last Return On Invested Capital (7.19%) for TAP is above the 3 year average (6.25%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.41% | ||
| ROE | -20.91% | ||
| ROIC | 7.19% |
ROA(3y)-0.5%
ROA(5y)0.29%
ROE(3y)-1.72%
ROE(5y)0.19%
ROIC(3y)6.25%
ROIC(5y)5.42%
1.3 Margins
- TAP has a Operating Margin of 14.64%. This is in the better half of the industry: TAP outperforms 66.67% of its industry peers.
- TAP's Operating Margin has been stable in the last couple of years.
- Looking at the Gross Margin, with a value of 38.37%, TAP is doing worse than 69.70% of the companies in the same industry.
- TAP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.64% | ||
| PM (TTM) | N/A | ||
| GM | 38.37% |
OM growth 3Y14.76%
OM growth 5Y1.2%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.95%
GM growth 5Y-0.34%
2. TAP Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TAP is still creating some 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
- The debt/assets ratio for TAP is higher compared to a year ago.
2.2 Solvency
- TAP has an Altman-Z score of 1.38. This is a bad value and indicates that TAP is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of 1.38, TAP is not doing good in the industry: 60.61% of the companies in the same industry are doing better.
- TAP has a debt to FCF ratio of 5.90. This is a neutral value as TAP would need 5.90 years to pay back of all of its debts.
- The Debt to FCF ratio of TAP (5.90) is better than 66.67% of its industry peers.
- A Debt/Equity ratio of 0.38 indicates that TAP is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.38, TAP is in the better half of the industry, outperforming 60.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 5.9 | ||
| Altman-Z | 1.38 |
ROIC/WACC1.13
WACC6.37%
2.3 Liquidity
- A Current Ratio of 0.55 indicates that TAP may have some problems paying its short term obligations.
- The Current ratio of TAP (0.55) is worse than 84.85% of its industry peers.
- TAP has a Quick Ratio of 0.55. 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 Quick ratio (0.42) than 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.42 |
3. TAP Growth Analysis
3.1 Past
- TAP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.05%.
- The Earnings Per Share has been growing slightly by 6.73% on average over the past years.
- The Revenue has decreased by -4.18% in the past year.
- Measured over the past years, TAP shows a small growth in Revenue. The Revenue has been growing by 2.91% on average per year.
EPS 1Y (TTM)-9.05%
EPS 3Y9.82%
EPS 5Y6.73%
EPS Q2Q%-6.92%
Revenue 1Y (TTM)-4.18%
Revenue growth 3Y1.35%
Revenue growth 5Y2.91%
Sales Q2Q%-2.68%
3.2 Future
- TAP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.94% yearly.
- Based on estimates for the next years, TAP will show a small growth in Revenue. The Revenue will grow by 1.04% on average per year.
EPS Next Y2.59%
EPS Next 2Y2.94%
EPS Next 3Y3.81%
EPS Next 5Y2.94%
Revenue Next Year-0.15%
Revenue Next 2Y0.04%
Revenue Next 3Y0.48%
Revenue Next 5Y1.04%
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.
- 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. TAP Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 8.59, the valuation of TAP can be described as reasonable.
- Compared to the rest of the industry, the Price/Earnings ratio of TAP indicates a rather cheap valuation: TAP is cheaper than 87.88% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of TAP to the average of the S&P500 Index (26.29), we can say TAP is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 8.37, the valuation of TAP can be described as reasonable.
- Based on the Price/Forward Earnings ratio, TAP is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
- TAP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.59 | ||
| Fwd PE | 8.37 |
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.
- Based on the Price/Free Cash Flow ratio, TAP is valued cheaper than 96.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.21 | ||
| EV/EBITDA | 6.07 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.32
PEG (5Y)1.28
EPS Next 2Y2.94%
EPS Next 3Y3.81%
5. TAP Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 4.00%, TAP has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 1.75, TAP pays a better dividend. On top of this TAP pays more dividend than 87.88% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, TAP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
5.2 History
- The dividend of TAP is nicely growing with an annual growth rate of 26.97%!
- 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)26.97%
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.
- TAP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP-17.59%
EPS Next 2Y2.94%
EPS Next 3Y3.81%
TAP Fundamentals: All Metrics, Ratios and Statistics
46.64
-0.46 (-0.98%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-18 2026-02-18/amc
Earnings (Next)05-06 2026-05-06/bmo
Inst Owners95.64%
Inst Owner Change1.61%
Ins Owners0.35%
Ins Owner Change2.17%
Market Cap8.76B
Revenue(TTM)11.14B
Net Income(TTM)-2.14B
Analysts66.15
Price Target50.81 (8.94%)
Short Float %11.98%
Short Ratio6.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
Yearly Dividend1.91
Dividend Growth(5Y)26.97%
DP-17.59%
Div Incr Years4
Div Non Decr Years4
Ex-Date03-06 2026-03-06 (0.48)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.44%
Min EPS beat(2)-2.76%
Max EPS beat(2)3.63%
EPS beat(4)2
Avg EPS beat(4)-7.11%
Min EPS beat(4)-40.05%
Max EPS beat(4)10.71%
EPS beat(8)6
Avg EPS beat(8)4.14%
EPS beat(12)10
Avg EPS beat(12)14.57%
EPS beat(16)12
Avg EPS beat(16)14.98%
Revenue beat(2)0
Avg Revenue beat(2)-2.82%
Min Revenue beat(2)-2.87%
Max Revenue beat(2)-2.76%
Revenue beat(4)1
Avg Revenue beat(4)-2.23%
Min Revenue beat(4)-5.38%
Max Revenue beat(4)2.1%
Revenue beat(8)4
Avg Revenue beat(8)-1.04%
Revenue beat(12)6
Avg Revenue beat(12)-0.44%
Revenue beat(16)8
Avg Revenue beat(16)-0.24%
PT rev (1m)-3.3%
PT rev (3m)-3.55%
EPS NQ rev (1m)-21.08%
EPS NQ rev (3m)-21.41%
EPS NY rev (1m)-0.56%
EPS NY rev (3m)-2.95%
Revenue NQ rev (1m)-0.17%
Revenue NQ rev (3m)-0.34%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)-1.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.59 | ||
| Fwd PE | 8.37 | ||
| P/S | 0.79 | ||
| P/FCF | 8.21 | ||
| P/OCF | 4.91 | ||
| P/B | 0.86 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.07 |
EPS(TTM)5.43
EY11.64%
EPS(NY)5.57
Fwd EY11.94%
FCF(TTM)5.68
FCFY12.19%
OCF(TTM)9.5
OCFY20.37%
SpS59.3
BVpS54.46
TBVpS-19.72
PEG (NY)3.32
PEG (5Y)1.28
Graham Number81.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.41% | ||
| ROE | -20.91% | ||
| ROCE | 9.36% | ||
| ROIC | 7.19% | ||
| ROICexc | 7.58% | ||
| ROICexgc | 47.67% | ||
| OM | 14.64% | ||
| PM (TTM) | N/A | ||
| GM | 38.37% | ||
| FCFM | 9.58% |
ROA(3y)-0.5%
ROA(5y)0.29%
ROE(3y)-1.72%
ROE(5y)0.19%
ROIC(3y)6.25%
ROIC(5y)5.42%
ROICexc(3y)6.54%
ROICexc(5y)5.64%
ROICexgc(3y)38.43%
ROICexgc(5y)33.11%
ROCE(3y)8.13%
ROCE(5y)7.05%
ROICexgc growth 3Y31.66%
ROICexgc growth 5Y6.58%
ROICexc growth 3Y27.67%
ROICexc growth 5Y10.88%
OM growth 3Y14.76%
OM growth 5Y1.2%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.95%
GM growth 5Y-0.34%
F-Score5
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 5.9 | ||
| Debt/EBITDA | 1.67 | ||
| Cap/Depr | 100.75% | ||
| Cap/Sales | 6.43% | ||
| Interest Coverage | 6.77 | ||
| Cash Conversion | 76.19% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.42 | ||
| Altman-Z | 1.38 |
F-Score5
WACC6.37%
ROIC/WACC1.13
Cap/Depr(3y)95.95%
Cap/Depr(5y)90.18%
Cap/Sales(3y)5.99%
Cap/Sales(5y)5.85%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-9.05%
EPS 3Y9.82%
EPS 5Y6.73%
EPS Q2Q%-6.92%
EPS Next Y2.59%
EPS Next 2Y2.94%
EPS Next 3Y3.81%
EPS Next 5Y2.94%
Revenue 1Y (TTM)-4.18%
Revenue growth 3Y1.35%
Revenue growth 5Y2.91%
Sales Q2Q%-2.68%
Revenue Next Year-0.15%
Revenue Next 2Y0.04%
Revenue Next 3Y0.48%
Revenue Next 5Y1.04%
EBIT growth 1Y-10.2%
EBIT growth 3Y16.31%
EBIT growth 5Y4.15%
EBIT Next Year37.97%
EBIT Next 3Y10.3%
EBIT Next 5Y7.7%
FCF growth 1Y-13.62%
FCF growth 3Y8.3%
FCF growth 5Y-0.97%
OCF growth 1Y-6.59%
OCF growth 3Y5.91%
OCF growth 5Y1.02%
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.
Can you provide the valuation status for MOLSON COORS BEVERAGE CO - B?
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 3 / 10.
What is the valuation of MOLSON COORS BEVERAGE CO - B based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MOLSON COORS BEVERAGE CO - B (TAP) is 8.59 and the Price/Book (PB) ratio is 0.86.
Can you provide the dividend sustainability for TAP stock?
The dividend rating of MOLSON COORS BEVERAGE CO - B (TAP) is 5 / 10 and the dividend payout ratio is -17.59%.