Financials Molson Coors Beverage Company

Equities

TAP

US60871R2094

Brewers

Market Closed - Nyse Other stock markets 04:10:00 2025-06-18 pm EDT			5-day change	1st Jan Change
48.81 ^USD	-1.07%		-5.26%	-14.85%

Jun. 18	Molson Coors once again undervalued on stockmarket
Jun. 09	Reddit Appoints Adam Collins as Chief Communications Officer	MT

Projected Income Statement: Molson Coors Beverage Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	9,654	10,280	10,701	11,702	11,627	11,475	11,580	11,700
Change	-	6.48%	4.1%	9.36%	-0.64%	-1.31%	0.91%	1.04%
EBITDA ¹	2,132	2,078	2,036	2,423	2,477	2,448	2,466	2,478
Change	-	-2.55%	-2.01%	18.99%	2.25%	-1.18%	0.74%	0.5%
EBIT ¹	1,284	1,266	1,325	1,717	1,861	1,757	1,785	1,800
Change	-	-1.34%	4.61%	29.6%	8.38%	-5.57%	1.57%	0.87%
Interest Paid ¹	-271.3	-258.3	-246	-208.6	-247.3	-217.6	-206.4	-188.3
Earnings before Tax (EBT) ¹	-643.9	1,239	-62.5	1,252	1,503	1,569	1,611	1,654
Change	-	292.42%	-105.04%	2,104%	20%	4.37%	2.72%	2.65%
Net income ¹	-949	1,006	-175.3	948.9	1,122	1,196	1,205	1,214
Change	-	205.97%	-117.43%	641.3%	18.28%	6.52%	0.79%	0.73%
Announcement Date	2/11/21	2/23/22	2/21/23	2/13/24	2/13/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	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	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	2,503	2,754	2,294	1,898	2,939	2,823	2,619	2,215	2,922	2,935	2,630	2,346	3,267	3,298	2,791	2,596	3,252	3,043	2,736	2,304	3,134	3,163	2,827	2,378	3,203	3,151	2,844	2,385
Change	-	9.99%	-16.68%	-17.26%	54.84%	-3.97%	-7.21%	-15.45%	31.93%	0.46%	-10.41%	-10.77%	39.22%	0.97%	-15.39%	-6.97%	25.26%	-6.44%	-10.09%	-15.77%	36.01%	0.92%	-10.62%	-15.87%	34.7%	-1.63%	-9.74%	-16.13%
EBITDA ¹	692.3	712.5	375.1	280	697.8	642.6	457.3	320.5	566.4	593.5	555.5	388.4	725.2	742.9	566.1	476.2	750.1	692.3	558.5	353.3	711.5	755.9	603.7	375.8	733.8	734.7	611.5	400
Change	-	2.92%	-47.35%	-25.35%	149.21%	-7.91%	-28.84%	-29.91%	76.72%	4.78%	-6.4%	-30.08%	86.71%	2.44%	-23.8%	-15.88%	57.52%	-7.71%	-19.33%	-36.74%	101.39%	6.24%	-20.13%	-37.76%	95.28%	0.12%	-16.76%	-34.6%
EBIT ¹	478.4	498.8	162.2	68.4	490.8	436.2	271	134.2	387.7	421.7	381.2	102.3	549.6	573.6	379.6	307.7	570.9	543.6	382.8	161.1	540.8	587.9	426.8	209.4	564.3	566.6	423.6	224.6
Change	-	4.26%	-67.48%	-57.83%	617.54%	-11.12%	-37.87%	-50.48%	188.9%	8.77%	-9.6%	-73.16%	437.24%	4.37%	-33.82%	-18.94%	85.54%	-4.78%	-29.58%	-57.92%	235.67%	8.72%	-27.41%	-50.92%	169.44%	0.4%	-25.24%	-46.98%
Charge d'intérêts ¹	-69.7	-67.9	-64.8	-65.3	-67.9	-63.3	-61.8	-63.3	-66.6	-58.7	-58	-59.1	-54.6	-48.8	-46.1	-48.4	-51.2	-93.1	-54.6	-56.6	-53.8	-52.78	-53.58	-53.53	-51.77	-48.9	-50.7	-
Earnings before Tax (EBT) ¹	401.7	450.4	-1,337	126.3	522.6	480.6	109.5	173.7	54.9	273	-564.1	101.9	441.1	544	165.5	265.4	559.9	331.4	346.3	156.3	505.9	527.5	378.7	167.7	526.4	526.9	383.5	-
Change	-	12.12%	-396.91%	109.44%	313.78%	-8.04%	-77.22%	58.63%	-68.39%	397.27%	-306.63%	118.06%	332.88%	23.33%	-69.58%	60.36%	110.96%	-40.81%	4.5%	-54.87%	223.69%	4.26%	-28.21%	-55.71%	213.92%	0.09%	-27.22%	-
Net income ¹	195	342.8	-1,370	84.1	388.6	453	80	151.5	47.3	216.4	-590.5	72.5	342.4	430.7	103.3	207.8	427	199.8	287.8	121	387.7	405	290.6	128.6	404.8	405.2	294.8	-
Change	-	75.79%	-499.59%	106.14%	362.07%	16.57%	-82.34%	89.38%	-68.78%	357.51%	-372.87%	112.28%	372.28%	25.79%	-76.02%	101.16%	105.49%	-53.21%	44.04%	-57.96%	220.39%	4.48%	-28.26%	-55.74%	214.81%	0.09%	-27.25%	-
Announcement Date	7/30/20	10/29/20	2/11/21	4/29/21	7/29/21	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	4/30/24	8/6/24	11/7/24	2/13/25	5/8/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Molson Coors Beverage Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	7,500	6,525	5,962	5,355	5,177	4,955	4,552	4,122
Change	-	-13%	-8.63%	-10.18%	-3.32%	-4.28%	-8.13%	-9.45%
Announcement Date	2/11/21	2/23/22	2/21/23	2/13/24	2/13/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Molson Coors Beverage Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	574.8	522.6	661.4	671.5	674.1	686.4	684.5	691.6
Change	-	-9.08%	26.56%	1.53%	0.39%	1.82%	-0.27%	1.04%
Free Cash Flow (FCF) ¹	1,121	1,051	840.6	1,408	1,236	1,372	1,312	1,273
Change	-	-6.24%	-20.01%	67.44%	-12.17%	10.99%	-4.37%	-2.96%
Announcement Date	2/11/21	2/23/22	2/21/23	2/13/24	2/13/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Molson Coors Beverage Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	22.09%	20.21%	19.03%	20.7%	21.3%	21.33%	21.3%	21.18%
EBIT Margin (%)	13.3%	12.32%	12.38%	14.67%	16%	15.31%	15.41%	15.39%
EBT Margin (%)	-6.67%	12.05%	-0.58%	10.7%	12.93%	13.67%	13.92%	14.14%
Net margin (%)	-9.83%	9.78%	-1.64%	8.11%	9.65%	10.42%	10.41%	10.38%
FCF margin (%)	11.61%	10.22%	7.86%	12.03%	10.63%	11.96%	11.33%	10.88%
FCF / Net Income (%)	-118.11%	104.49%	-479.52%	148.33%	110.14%	114.76%	108.88%	104.89%
Profitability
ROA	3.03%	3.28%	3.34%	4.51%	4.77%	4.48%	4.3%	4.09%
ROE	6.61%	7%	6.84%	9.11%	9.51%	8.99%	8.83%	8.7%
Financial Health
Leverage (Debt/EBITDA)	3.52x	3.14x	2.93x	2.21x	2.09x	2.02x	1.85x	1.66x
Debt / Free cash flow	6.69x	6.21x	7.09x	3.8x	4.19x	3.61x	3.47x	3.24x
Capital Intensity
CAPEX / Current Assets (%)	5.95%	5.08%	6.18%	5.74%	5.8%	5.98%	5.91%	5.91%
CAPEX / EBITDA (%)	26.96%	25.15%	32.49%	27.72%	27.21%	28.04%	27.76%	27.91%
CAPEX / FCF (%)	51.28%	49.73%	78.68%	47.71%	54.53%	50.02%	52.17%	54.32%
Items per share
Cash flow per share ¹	7.821	7.231	6.925	9.567	9.101	9.638	10.35	10.45
Change	-	-7.54%	-4.24%	38.16%	-4.87%	5.9%	7.42%	0.9%
Dividend per Share ¹	0.57	0.68	1.52	1.64	1.76	1.879	1.963	2.056
Change	-	19.3%	123.53%	7.89%	7.32%	6.78%	4.45%	4.74%
Book Value Per Share ¹	57.03	61.83	58.67	61.87	64.43	68.23	73.89	79.82
Change	-	8.41%	-5.12%	5.45%	4.15%	5.9%	8.28%	8.03%
EPS ¹	-4.38	4.62	-0.81	4.37	5.35	6.017	6.298	6.583
Change	-	205.48%	-117.53%	639.51%	22.43%	12.46%	4.68%	4.52%
Nbr of stocks (in thousands)	216,681	216,970	216,509	215,660	206,013	202,173	202,173	202,173
Announcement Date	2/11/21	2/23/22	2/21/23	2/13/24	2/13/25	-	-	-