Financials Molson Coors Beverage Company

Equities

TAP

US60871R2094

Brewers

Market Closed - Nyse 04:00:01 2024-04-18 pm EDT 5-day change 1st Jan Change
63.88 USD +0.54% Intraday chart for Molson Coors Beverage Company -5.80% +4.36%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,691 9,837 10,086 11,220 13,212 13,491 - -
Enterprise Value (EV) 1 20,205 17,337 16,611 17,182 18,567 18,504 18,147 17,821
P/E ratio 48.6 x -10.3 x 10 x -63.6 x 14 x 11.2 x 11 x 10.7 x
Yield 3.64% 1.26% 1.47% 2.95% 2.68% 2.76% 2.92% 3.03%
Capitalization / Revenue 1.11 x 1.02 x 0.98 x 1.05 x 1.13 x 1.14 x 1.13 x 1.12 x
EV / Revenue 1.91 x 1.8 x 1.62 x 1.61 x 1.59 x 1.56 x 1.52 x 1.48 x
EV / EBITDA 8.55 x 8.13 x 7.99 x 8.44 x 7.66 x 7.45 x 7.19 x 7.07 x
EV / FCF 15.5 x 15.5 x 15.8 x 20.4 x 13.2 x 14.3 x 14 x 13.3 x
FCF Yield 6.45% 6.47% 6.33% 4.89% 7.58% 6.98% 7.14% 7.49%
Price to Book 0.87 x 0.79 x 0.75 x 0.88 x 0.99 x 0.97 x 0.92 x 0.86 x
Nbr of stocks (in thousands) 216,361 216,681 216,970 216,509 215,698 212,156 - -
Reference price 2 53.90 45.19 46.35 51.52 61.21 63.54 63.54 63.54
Announcement Date 2/12/20 2/11/21 2/23/22 2/21/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,579 9,654 10,280 10,701 11,702 11,851 11,973 12,080
EBITDA 1 2,364 2,132 2,078 2,036 2,423 2,482 2,523 2,521
EBIT 1 1,502 1,284 1,266 1,325 1,717 1,770 1,798 1,816
Operating Margin 14.19% 13.3% 12.32% 12.38% 14.67% 14.93% 15.02% 15.03%
Earnings before Tax (EBT) 1 479.9 -643.9 1,239 -62.5 1,252 1,598 1,618 1,649
Net income 1 241.7 -949 1,006 -175.3 948.9 1,204 1,176 1,174
Net margin 2.28% -9.83% 9.78% -1.64% 8.11% 10.16% 9.82% 9.72%
EPS 2 1.110 -4.380 4.620 -0.8100 4.370 5.675 5.757 5.917
Free Cash Flow 1 1,304 1,121 1,051 840.6 1,408 1,291 1,295 1,335
FCF margin 12.32% 11.61% 10.22% 7.86% 12.03% 10.9% 10.82% 11.05%
FCF Conversion (EBITDA) 55.14% 52.57% 50.58% 41.29% 58.1% 52.03% 51.32% 52.96%
FCF Conversion (Net income) 539.3% - 104.49% - 148.33% 107.26% 110.1% 113.78%
Dividend per Share 2 1.960 0.5700 0.6800 1.520 1.640 1.755 1.856 1.923
Announcement Date 2/12/20 2/11/21 2/23/22 2/21/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,823 2,619 2,215 2,922 2,935 2,630 2,346 3,267 3,298 2,791 2,500 3,252 3,287 2,819 2,489
EBITDA 1 642.6 457.3 320.5 566.4 593.5 555.5 388.4 725.2 742.9 566.1 430.3 728.3 755.1 572.1 431.9
EBIT 1 436.2 271 134.2 387.7 421.7 381.2 102.3 549.6 573.6 379.6 255.4 550 578.9 394.9 248.7
Operating Margin 15.45% 10.35% 6.06% 13.27% 14.37% 14.5% 4.36% 16.82% 17.39% 13.6% 10.21% 16.91% 17.61% 14.01% 9.99%
Earnings before Tax (EBT) 1 480.6 109.5 173.7 54.9 273 -564.1 101.9 441.1 544 165.5 209 491.3 543.8 359.6 194.1
Net income 1 453 80 151.5 47.3 216.4 -590.5 72.5 342.4 430.7 103.3 158.4 372.9 412.8 272.8 147.5
Net margin 16.05% 3.05% 6.84% 1.62% 7.37% -22.46% 3.09% 10.48% 13.06% 3.7% 6.33% 11.47% 12.56% 9.68% 5.93%
EPS 2 2.080 0.3700 0.7000 0.2200 0.9900 -2.730 0.3300 1.570 1.980 0.4800 0.7612 1.764 1.896 1.285 0.7208
Dividend per Share 2 0.3400 0.3400 0.3800 0.3800 0.3800 0.3800 - 0.4100 0.4100 0.4100 0.4342 0.4338 0.4337 0.4340 0.4601
Announcement Date 10/28/21 2/23/22 5/3/22 8/2/22 11/1/22 2/21/23 5/2/23 8/1/23 11/2/23 2/13/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,514 7,500 6,525 5,962 5,355 5,013 4,656 4,330
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.602 x 3.518 x 3.14 x 2.929 x 2.21 x 2.019 x 1.845 x 1.717 x
Free Cash Flow 1 1,304 1,121 1,051 841 1,408 1,291 1,295 1,335
ROE (net income / shareholders' equity) 7.32% 6.61% 7% 6.84% 9.11% 8.85% 8.74% 8.59%
ROA (Net income/ Total Assets) 3.34% 3.03% 3.28% 3.34% 4.52% 4.25% 4.21% 3.97%
Assets 1 7,235 -31,310 30,631 -5,252 21,017 28,339 27,959 29,578
Book Value Per Share 2 62.10 57.00 61.80 58.70 61.90 65.20 69.40 74.10
Cash Flow per Share 2 8.750 7.820 7.230 6.920 9.570 9.920 10.40 11.20
Capex 1 594 575 523 661 672 744 718 711
Capex / Sales 5.61% 5.95% 5.08% 6.18% 5.74% 6.28% 5.99% 5.89%
Announcement Date 2/12/20 2/11/21 2/23/22 2/21/23 2/13/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
22
Last Close Price
63.54 USD
Average target price
69.06 USD
Spread / Average Target
+8.69%
Consensus
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  4. Financials Molson Coors Beverage Company