Molson Coors Beverage Valuation

Is TAP1 * undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TAP1 * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TAP1 * (MX$943.7) is trading below our estimate of fair value (MX$2295.11)

Significantly Below Fair Value: TAP1 * is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TAP1 *?

Key metric: As TAP1 * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TAP1 *. This is calculated by dividing TAP1 *'s market cap by their current earnings.
What is TAP1 *'s PE Ratio?
PE Ratio	9.6x
Earnings	US$1.17b
Market Cap	US$11.19b

TAP1 * key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.4x
Enterprise Value/EBITDA	6.7x
PEG Ratio	-6.4x

Price to Earnings Ratio vs Peers

How does TAP1 *'s PE Ratio compare to its peers?

The above table shows the PE ratio for TAP1 * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19.8x
AC * Arca Continental. de	16.8x	8.0%	Mex$299.5b
CUERVO * Becle. de	20.7x	21.1%	Mex$90.4b
BIMBO A Grupo Bimbo. de	20.1x	20.9%	Mex$255.0b
FEMSA UBD Fomento Económico Mexicano. de	21.5x	7.8%	Mex$611.1b
TAP1 * Molson Coors Beverage	9.6x	-1.5%	Mex$11.2b

Price-To-Earnings vs Peers: TAP1 * is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (23.2x).

Price to Earnings Ratio vs Industry

How does TAP1 *'s PE Ratio compare vs other companies in the Global Beverage Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TAP1 * is good value based on its Price-To-Earnings Ratio (9.6x) compared to the Global Beverage industry average (18.4x).

Price to Earnings Ratio vs Fair Ratio

What is TAP1 *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TAP1 * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TAP1 *'s Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.