Financials Constellation Brands, Inc. NEO Exchange

Equities

STZ

CA21036D1050

Brewers

End-of-day quote NEO Exchange Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
21.18 ^CAD	-0.84%		-2.80%	0.00%

May. 14	Constellation Brands Insider Sold Shares Worth $6,538,563, According to a Recent SEC Filing	MT
May. 14	Jefferies Adjusts Constellation Brands Price Target to $311 From $315	MT

Valuation

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	32,790	41,582	40,487	41,272	45,429	45,841	-	-
Enterprise Value (EV) ¹	44,893	51,563	50,704	53,600	57,155	57,425	56,866	56,565
P/E ratio	-2,463 x	20.9 x	-980 x	-2,034 x	26.5 x	18.7 x	16.9 x	15.4 x
Yield	1.74%	1.4%	1.41%	1.43%	1.43%	1.59%	1.73%	1.87%
Capitalization / Revenue	3.93 x	4.83 x	4.59 x	4.37 x	4.56 x	4.32 x	4.04 x	3.78 x
EV / Revenue	5.38 x	5.99 x	5.75 x	5.67 x	5.74 x	5.41 x	5.01 x	4.66 x
EV / EBITDA	14.7 x	16.2 x	15.5 x	15.7 x	15.6 x	14.3 x	13.1 x	12 x
EV / FCF	24.6 x	26.6 x	30.2 x	31.1 x	37.8 x	29.8 x	24.3 x	20.6 x
FCF Yield	4.06%	3.77%	3.31%	3.21%	2.64%	3.35%	4.12%	4.85%
Price to Book	2.38 x	3.06 x	3.08 x	4.5 x	4.69 x	4.15 x	3.71 x	3.33 x
Nbr of stocks (in thousands)	190,824	193,298	187,548	184,498	182,796	182,953	-	-
Reference price ²	172.4	214.1	215.6	223.7	248.5	250.6	250.6	250.6
Announcement Date	4/3/20	4/8/21	4/7/22	4/6/23	4/11/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	8,344	8,615	8,821	9,453	9,962	10,621	11,342	12,126
EBITDA ¹	3,059	3,182	3,273	3,420	3,673	4,019	4,354	4,723
EBIT ¹	2,732	2,888	2,936	3,037	3,246	3,553	3,872	4,228
Operating Margin	32.75%	33.52%	33.28%	32.13%	32.58%	33.45%	34.14%	34.86%
Earnings before Tax (EBT) ¹	-945.2	2,543	310.4	383.6	2,222	3,084	3,402	3,693
Net income ¹	-11.8	1,998	-40.4	-71	1,727	2,433	2,663	2,839
Net margin	-0.14%	23.19%	-0.46%	-0.75%	17.34%	22.91%	23.48%	23.42%
EPS ²	-0.0700	10.23	-0.2200	-0.1100	9.390	13.40	14.81	16.25
Free Cash Flow ¹	1,825	1,942	1,679	1,722	1,511	1,926	2,344	2,743
FCF margin	21.87%	22.54%	19.03%	18.21%	15.17%	18.13%	20.67%	22.62%
FCF Conversion (EBITDA)	59.65%	61.03%	51.28%	50.33%	41.13%	47.91%	53.83%	58.08%
FCF Conversion (Net income)	-	97.19%	-	-	87.47%	79.14%	88.03%	96.6%
Dividend per Share ²	3.000	3.000	3.040	3.200	3.560	3.978	4.345	4.681
Announcement Date	4/3/20	4/8/21	4/7/22	4/6/23	4/11/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Net sales ¹	2,321	2,102	2,363	2,655	2,436	1,998	2,515	2,837	2,471	2,139	2,685	3,022	2,642	2,277	2,854
EBITDA ¹	910.1	747.6	885.2	973.5	864.6	697.2	932.5	1,076	928.2	736.8	1,020	1,169	1,015	815.4	1,096
EBIT ¹	823.8	658.9	792.5	882.7	769.7	591.8	827.2	967.8	819.8	630.7	904.8	1,050	901.1	700	978.4
Operating Margin	35.5%	31.34%	33.54%	33.25%	31.59%	29.62%	32.89%	34.12%	33.18%	29.48%	33.7%	34.75%	34.11%	30.74%	34.28%
Earnings before Tax (EBT) ¹	580.1	497.9	524.7	-1,008	610.8	256.4	230.4	847.9	650.9	492.6	780.7	933.8	801.4	574.7	858.9
Net income ¹	470.8	395.4	389.5	-1,151	467.7	223	135.9	690	509.1	392.4	627.7	751.4	642.7	449.9	683.7
Net margin	20.29%	18.81%	16.48%	-43.36%	19.2%	11.16%	5.4%	24.32%	20.6%	18.34%	23.38%	24.86%	24.33%	19.76%	23.96%
EPS ²	2.480	2.070	2.060	-6.300	2.520	1.210	0.7400	3.740	2.760	2.140	3.458	4.118	3.495	2.484	3.768
Dividend per Share ²	0.7600	0.7600	0.8000	0.8000	0.8000	0.8000	0.8900	0.8900	0.8900	0.8900	0.9854	0.9849	0.9853	0.9847	1.031
Announcement Date	1/6/22	4/7/22	6/30/22	10/6/22	1/5/23	4/6/23	6/30/23	10/5/23	1/5/24	4/11/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	12,103	9,982	10,217	12,328	11,727	11,584	11,025	10,724
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.957 x	3.137 x	3.122 x	3.604 x	3.192 x	2.882 x	2.532 x	2.271 x
Free Cash Flow ¹	1,825	1,942	1,679	1,722	1,511	1,926	2,344	2,743
ROE (net income / shareholders' equity)	14.4%	15.1%	15.5%	19.7%	24.4%	23.2%	22.7%	22.2%
ROA (Net income/ Total Assets)	6.29%	7.15%	7.4%	7.85%	8.81%	9.24%	9.49%	9.52%
Assets ¹	-187.7	27,934	-545.9	-904.7	19,600	26,331	28,058	29,825
Book Value Per Share ²	72.30	70.10	70.10	49.70	53.00	60.40	67.60	75.20
Cash Flow per Share ²	13.10	14.40	16.20	16.30	15.20	16.10	17.80	19.70
Capex ¹	727	865	1,027	1,035	1,269	1,387	1,139	923
Capex / Sales	8.71%	10.04%	11.64%	10.95%	12.74%	13.06%	10.04%	7.61%
Announcement Date	4/3/20	4/8/21	4/7/22	4/6/23	4/11/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Constellation Brands, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

250.6 USD

Average target price

300.3 USD

Spread / Average Target

+19.84%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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