Constellation Brands
Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The last earnings update was 40 days ago. More info.
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STZ Share Price and Events
7 Day Returns
1 Year Returns
STZ Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Constellation Brands (STZ) | 1.2% | 6.6% | -8.3% | -20.3% | 24.4% | 115.7% |
| US Beverage | 1.1% | 5.8% | -1.1% | 2.4% | 14.7% | 42.3% |
| US Market | 1.2% | 6.6% | 1.2% | 0.9% | 44.3% | 41.3% |
1 Year Return vs Industry and Market
- STZ underperformed the Beverage industry which returned 2.4% over the past year.
- STZ underperformed the Market in United States of America which returned 0.9% over the past year.
STZ Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Constellation Brands
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Constellation Brands.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 21 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Beverage Unlevered Beta | Simply Wall St/ S&P Global | 0.58 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.577 (1 + (1- 21%) (40.86%)) |
0.763 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 7.27%) |
8.55% |
Discounted Cash Flow Calculation for NYSE:STZ using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Constellation Brands is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 1,241.09 | 1,462.31 | 1,863.87 | 1,947.50 | 2,170.50 |
| Source | Analyst x10 | Analyst x8 | Analyst x7 | Analyst x2 | Analyst x2 |
|
Present Value Discounted (@ 8.55%) |
1,143.38 | 1,241.12 | 1,457.38 | 1,402.89 | 1,440.43 |
| Present value of next 5 years cash flows | $6,685.19 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $2,170.50 × (1 + 2.73%) ÷ (8.55% – 2.73%) |
$38,338.28 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $38,338.28 ÷ (1 + 8.55%)5 |
$25,442.72 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $6,685.19 + $25,442.72 |
$32,127.91 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $32,127.91 / 189.86 |
$169.21 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $169.21 |
| Current discount | Discount to share price of
$174.91
= -1 x ($174.91 - $169.21) / $169.21 |
-3.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Constellation Brands is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Constellation Brands's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Constellation Brands's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-11-30) in USD | $16.32 |
| NYSE:STZ Share Price ** | NYSE (2019-02-15) in USD | $174.91 |
| United States of America Beverage Industry PE Ratio | Median Figure of 16 Publicly-Listed Beverage Companies | 25.09x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 16.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Constellation Brands.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:STZ Share Price ÷ EPS (both in USD) = 174.91 ÷ 16.32 |
10.72x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Constellation Brands is good value based on earnings compared to the US Beverage industry average.
- Constellation Brands is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Constellation Brands's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.72x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts |
-6.6%per year |
| United States of America Beverage Industry PEG Ratio | Median Figure of 11 Publicly-Listed Beverage Companies | 2.42x |
| United States of America Market PEG Ratio | Median Figure of 2,115 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 10.72x ÷ -6.6% |
-1.62x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Constellation Brands earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Constellation Brands's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-11-30) in USD | $59.29 |
| NYSE:STZ Share Price * | NYSE (2019-02-15) in USD | $174.91 |
| United States of America Beverage Industry PB Ratio | Median Figure of 28 Publicly-Listed Beverage Companies | 5.8x |
| United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.82x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:STZ Share Price ÷ Book Value per Share (both in USD) = 174.91 ÷ 59.29 |
2.95x |
* Primary Listing of Constellation Brands.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Constellation Brands is good value based on assets compared to the US Beverage industry average.
Value checks
We assess Constellation Brands's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check) Constellation Brands has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
STZ Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Constellation Brands's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Constellation Brands's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Constellation Brands's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:STZ Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts | -6.6% |
| NYSE:STZ Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts | 5.3% |
| United States of America Beverage Industry Earnings Growth Rate | Market Cap Weighted Average | 19% |
| United States of America Beverage Industry Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 21 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-02-28 | 9,793 | 1 | ||
| 2022-02-28 | 9,611 | 2 | ||
| 2021-02-28 | 9,022 | 2,644 | 2,228 | 17 |
| 2020-02-29 | 8,535 | 2,421 | 1,967 | 21 |
| 2019-02-28 | 8,068 | 2,324 | 2,310 | 21 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-11-30 | 8,086 | 2,437 | 3,122 |
| 2018-08-31 | 7,915 | 2,167 | 3,312 |
| 2018-05-31 | 7,704 | 2,054 | 2,664 |
| 2018-02-28 | 7,585 | 1,931 | 2,319 |
| 2017-11-30 | 7,446 | 1,749 | 1,845 |
| 2017-08-31 | 7,455 | 1,754 | 1,758 |
| 2017-05-31 | 7,388 | 1,732 | 1,615 |
| 2017-02-28 | 7,332 | 1,696 | 1,535 |
| 2016-11-30 | 7,247 | 1,738 | 1,327 |
| 2016-08-31 | 7,077 | 1,656 | 1,191 |
| 2016-05-31 | 6,789 | 1,554 | 1,135 |
| 2016-02-29 | 6,548 | 1,414 | 1,055 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 21 Analyst Estimates (S&P Global) | See Below |
All data from Constellation Brands Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-02-28 | ||||
| 2022-02-28 | ||||
| 2021-02-28 | 11.39 | 12.39 | 10.54 | 4.00 |
| 2020-02-29 | 10.09 | 11.24 | 9.40 | 8.00 |
| 2019-02-28 | 12.20 | 13.11 | 10.35 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-11-30 | 16.32 |
| 2018-08-31 | 17.19 |
| 2018-05-31 | 13.74 |
| 2018-02-28 | 11.90 |
| 2017-11-30 | 9.45 |
| 2017-08-31 | 8.94 |
| 2017-05-31 | 8.16 |
| 2017-02-28 | 7.70 |
| 2016-11-30 | 6.62 |
| 2016-08-31 | 5.98 |
| 2016-05-31 | 5.73 |
| 2016-02-29 | 5.36 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Constellation Brands's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Constellation Brands has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
STZ Past Performance
How has Constellation Brands performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Constellation Brands's year on year earnings growth rate has been positive over the past 5 years.
- Constellation Brands's 1-year earnings growth exceeds its 5-year average (69.2% vs 18.1%)
- Constellation Brands's earnings growth has exceeded the US Beverage industry average in the past year (69.2% vs 26.9%).
Earnings and Revenue History
All data from Constellation Brands Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-11-30 | 8,085.50 | 3,122.40 | 1,428.80 | |
| 2018-08-31 | 7,914.80 | 3,312.10 | 1,459.20 | |
| 2018-05-31 | 7,703.60 | 2,664.20 | 1,439.90 | |
| 2018-02-28 | 7,585.00 | 2,318.90 | 1,378.10 | |
| 2017-11-30 | 7,446.30 | 1,844.90 | 1,388.60 | |
| 2017-08-31 | 7,454.90 | 1,758.00 | 1,316.20 | |
| 2017-05-31 | 7,388.20 | 1,615.30 | 1,317.40 | |
| 2017-02-28 | 7,331.50 | 1,535.10 | 1,290.60 | |
| 2016-11-30 | 7,246.70 | 1,326.50 | 1,291.40 | |
| 2016-08-31 | 7,076.70 | 1,191.10 | 1,225.60 | |
| 2016-05-31 | 6,788.90 | 1,134.60 | 1,149.00 | |
| 2016-02-29 | 6,548.40 | 1,054.90 | 1,124.30 | |
| 2015-11-30 | 6,361.40 | 1,026.10 | 1,089.60 | |
| 2015-08-31 | 6,262.60 | 977.80 | 1,067.80 | |
| 2015-05-31 | 6,133.30 | 871.20 | 1,072.70 | |
| 2015-02-28 | 6,028.00 | 839.30 | 1,045.40 | |
| 2014-11-30 | 5,963.00 | 781.90 | 1,020.40 | |
| 2014-08-31 | 5,864.60 | 770.70 | 997.60 | |
| 2014-05-31 | 5,720.30 | 2,096.90 | 952.20 | |
| 2014-02-28 | 4,867.70 | 1,943.10 | 843.00 | |
| 2013-11-30 | 4,272.40 | 1,867.60 | 761.20 | |
| 2013-08-31 | 3,596.00 | 1,766.10 | 664.40 | |
| 2013-05-31 | 2,834.70 | 368.70 | 577.40 | |
| 2013-02-28 | 2,796.10 | 387.80 | 555.90 | |
| 2012-11-30 | 2,728.30 | 409.10 | 546.70 | |
| 2012-08-31 | 2,662.10 | 404.40 | 537.10 | |
| 2012-05-31 | 2,653.80 | 442.50 | 521.40 | |
| 2012-02-29 | 2,654.30 | 445.00 | 523.30 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst Constellation Brands has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
- Constellation Brands used its assets more efficiently than the US Beverage industry average last year based on Return on Assets.
- Constellation Brands's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Constellation Brands's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Constellation Brands has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
STZ Health
How is Constellation Brands's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Constellation Brands's finances.
The net worth of a company is the difference between its assets and liabilities.
- Constellation Brands is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Constellation Brands's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Constellation Brands Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-11-30 | 11,520.00 | 13,569.60 | 130.60 |
| 2018-08-31 | 11,535.20 | 9,923.60 | 208.80 |
| 2018-05-31 | 10,565.80 | 10,107.00 | 210.00 |
| 2018-02-28 | 8,062.70 | 10,186.70 | 90.30 |
| 2017-11-30 | 8,009.10 | 9,350.20 | 154.50 |
| 2017-08-31 | 7,945.30 | 8,947.40 | 126.30 |
| 2017-05-31 | 7,397.80 | 9,211.60 | 199.60 |
| 2017-02-28 | 6,884.80 | 9,238.40 | 177.70 |
| 2016-11-30 | 6,997.70 | 8,632.20 | 197.30 |
| 2016-08-31 | 7,174.10 | 8,033.50 | 177.70 |
| 2016-05-31 | 6,988.60 | 8,315.40 | 168.10 |
| 2016-02-29 | 6,691.80 | 8,088.80 | 83.80 |
| 2015-11-30 | 6,596.70 | 7,416.60 | 493.50 |
| 2015-08-31 | 6,165.00 | 7,441.30 | 332.70 |
| 2015-05-31 | 6,051.90 | 7,338.60 | 134.00 |
| 2015-02-28 | 5,881.30 | 7,319.70 | 113.40 |
| 2014-11-30 | 5,635.00 | 7,326.40 | 71.40 |
| 2014-08-31 | 5,487.40 | 7,201.70 | 108.40 |
| 2014-05-31 | 5,287.00 | 7,208.50 | 382.40 |
| 2014-02-28 | 4,981.30 | 7,053.40 | 67.40 |
| 2013-11-30 | 4,789.80 | 7,175.70 | 69.60 |
| 2013-08-31 | 4,510.40 | 7,339.70 | 120.90 |
| 2013-05-31 | 2,997.40 | 5,114.50 | 613.30 |
| 2013-02-28 | 2,860.30 | 3,352.50 | 334.80 |
| 2012-11-30 | 2,775.30 | 4,051.30 | 204.30 |
| 2012-08-31 | 2,618.10 | 4,045.20 | 182.00 |
| 2012-05-31 | 2,299.80 | 3,470.50 | 71.40 |
| 2012-02-29 | 2,676.00 | 3,175.20 | 85.80 |
- Constellation Brands's level of debt (117.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (149.7% vs 117.8% today).
- Debt is not well covered by operating cash flow (18%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).
Financial health checks
We assess Constellation Brands's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Constellation Brands has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
STZ Dividends
What is Constellation Brands's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Constellation Brands
shares you are expected to receive
$34
in your first year as a dividend.
Dividend Amount
- Constellation Brands's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Constellation Brands's dividend is below the markets top 25% of dividend payers in United States of America (3.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 21 Analyst Estimates (S&P Global) | See Below |
| United States of America Beverage Industry Average Dividend Yield | Market Cap Weighted Average of 10 Stocks | 2.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1998 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-02-28 | ||
| 2022-02-28 | 4.16 | 1.00 |
| 2021-02-28 | 3.44 | 12.00 |
| 2020-02-29 | 3.12 | 18.00 |
| 2019-02-28 | 2.92 | 17.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-09 | 2.960 | 1.767 |
| 2018-10-04 | 2.960 | 1.536 |
| 2018-06-29 | 2.960 | 1.391 |
| 2018-04-23 | 2.960 | 1.314 |
| 2018-03-29 | 2.960 | 1.301 |
| 2018-01-05 | 2.080 | 0.946 |
| 2017-10-05 | 2.080 | 0.957 |
| 2017-06-29 | 2.080 | 1.051 |
| 2017-04-27 | 2.080 | 1.151 |
| 2017-04-06 | 2.080 | 1.214 |
| 2016-10-05 | 1.600 | 1.018 |
| 2016-04-06 | 1.600 | 0.994 |
| 2015-10-07 | 1.240 | 0.876 |
| 2015-04-09 | 1.240 | 1.024 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Constellation Brands has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Constellation Brands only paid a dividend in the past 4 years.
Income/ dividend checks
We assess Constellation Brands's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Constellation Brands afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Constellation Brands has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
STZ Management
CEO
| COMPENSATION | $10,843,537 |
| AGE | 59 |
| TENURE AS CEO | 11.6 years |
CEO Bio
Mr. Robert S. Sands II, also known as Rob, has been the Chief Executive Officer of Constellation Brands, Inc. since July 2007 and also served as President from December 2002 to February 2018. Mr. Sands is responsible for Constellation Brands two divisions, Constellation Wines, Constellation Beers and Spirits. He is Co-Owner at RRA&Z Holdings LLC. He served as the President of Constellation Beers Ltd. He served as the Chief Operating Officer of Constellation Brands, Inc. from December 2002 to July 2007; as Group President from April 2000 through December 2002; as Chief Executive Officer, International from December 1998 through April 2000. He joined Constellation Brands in June 1986 as General Counsel and was responsible for the legal affairs of Constellation Brands in particular its acquisitions. Mr. Sands served as an Executive Vice President from October 1993 to April 2000 and General Counsel from June 1986 to May 2000 at Constellation Brands, Inc. and served as its Vice President from June 1990 to October 1993. In 1998, upon acquisition of Constellation Brands U.K. division that Mr. Sands spearheaded, he was appointed to the role of Chief Executive Officer of Constellation International, with responsibility for oversight of this division from December 1998 to April 2000. From 2000 to 2002, he served as Group President of Canandaigua Wine Company and the U.K. Division. He serves as a Director of Nobilo Holdings. He has over 30 years of experience in a variety of legal, operational, and management roles. He has been a Director of Constellation Brands, Inc. since January 1990. He served as a Member of Upstate New York Regional Advisory Board of The Federal Reserve Bank of New York since December 2008. Mr. Sands received a Bachelor’s Degree, Phi Beta Kappa from Skidmore College in 1981 and holds a Juris Doctorate from Pace University School of Law in 1984.
CEO Compensation
- Rob's compensation has been consistent with company performance over the past year.
- Rob's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Constellation Brands management team in years:
- The tenure for the Constellation Brands management team is about average.
Management Team
Rob Sands
CEO & Director
$11M
59
11.6 yrs
Bill Newlands
President & COO
$4M
59
1 yrs
David Klein
Executive VP & CFO
$4M
54
3.7 yrs
Ricardo Bartra
Senior VP & Chief Technology Officer
0.7 yrs
Patty Yahn-Urlaub
Vice President of Investor Relations
11.8 yrs
James Bourdeau
Executive VP
53
4.4 yrs
Mike McGrew
Senior Vice President of Corporate Communications
Andrey Grumondz
Sales Director
10.4 yrs
Jim Sabia
Executive VP & Chief Marketing Officer
0.8 yrs
Tom Kane
Executive VP & Chief Human Resources Officer
57
5.8 yrs
Board of Directors Tenure
Average tenure and age of the Constellation Brands board of directors in years:
- The tenure for the Constellation Brands board of directors is about average.
Board of Directors
Richard Sands
Chairman of the Board
$9M
67
19.4 yrs
Rob Sands
CEO & Director
$11M
59
29.1 yrs
James Locke
Lead Director
$260K
76
Jerry Fowden
Director
$264K
61
8.8 yrs
Judy Schmeling
Director
$257K
58
6 yrs
Barry Fromberg
Director
$258K
63
12.8 yrs
Keith Wandell
Director
$245K
68
7.6 yrs
Robert Hanson
Director
$245K
55
6 yrs
Ernesto Hernandez
Director
$249K
60
4.6 yrs
Dan McCarthy
Director
$245K
54
3.6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 23. Oct 18 | Sell | Thomas Kane | Individual | 19. Oct 18 | 19. Oct 18 | -4,419 | $223.83 | $-989,106 | ||
| 26. Apr 18 | Sell | Christopher Stenzel | Individual | 25. Apr 18 | 25. Apr 18 | -7,971 | $225.50 | $-1,797,430 | ||
Management checks
We assess Constellation Brands's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Constellation Brands has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
STZ News
Simply Wall St News
Estimating The Fair Value Of Constellation Brands, Inc. (NYSE:STZ)
I am going to run you through how I calculated the intrinsic value of Constellation Brands, Inc. … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.
Simply Wall St - – Full articleDoes Constellation Brands, Inc.'s (NYSE:STZ) Debt Level Pose A Problem?
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Constellation Brands, Inc. … Today we will look at Constellation Brands’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … View our latest analysis for Constellation Brands
Simply Wall St - – Full articleWhy Constellation Brands, Inc. (NYSE:STZ) Could Have A Place In Your Portfolio
(NYSE:STZ) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … Below, I've touched on some key aspects you should know on a high level
Simply Wall St - – Full articleDid Constellation Brands, Inc. (NYSE:STZ) Insiders Sell Shares?
So we'll take a look at whether insiders have been buying or selling shares in Constellation Brands, Inc. … Constellation Brands Insider Transactions Over The Last Year. … All up, insiders sold more shares in Constellation Brands than they bought, over the last year
Simply Wall St - – Full articleShould Constellation Brands Inc (NYSE:STZ) Be Part Of Your Dividend Portfolio?
Constellation Brands Inc (NYSE:STZ) has paid a dividend to shareholders in the last few years. … Does Constellation Brands tick all the boxes of a great dividend stock? … Check out our latest analysis for Constellation Brands
Simply Wall St - – Full articleIs Constellation Brands Inc's (NYSE:STZ) CEO Salary Justified?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Rob Sands's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Constellation Brands Inc has a market cap of US$37b, and is paying total annual CEO compensation of US$11m
Simply Wall St - – Full articleEstimating The Intrinsic Value Of Constellation Brands Inc (NYSE:STZ)
by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleConstellation Brands Inc (NYSE:STZ): Time For A Financial Health Check
Investors pursuing a solid, dependable stock investment can often be led to Constellation Brands Inc (NYSE:STZ), a large-cap worth US$43.0b. … I will provide an overview of Constellation Brands’s financial liquidity and leverage to give you an idea of Constellation Brands’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis
Simply Wall St - – Full articleShould Constellation Brands Inc's (NYSE:STZ) Recent Earnings Worry You?
After reading Constellation Brands Inc's (NYSE:STZ) most recent earnings announcement (31 May 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … As a long-term investor I tend to focus on earnings trend, rather than a single number at one point in time. … STZ's trailing twelve-month earnings (from 31 May 2018) of US$2.66b has
Simply Wall St - – Full articleShould You Be Tempted To Buy Constellation Brands Inc (NYSE:STZ) At Its Current PE Ratio?
This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … View our latest analysis for Constellation Brands
Simply Wall St - – Full articleSTZ Company Info
Map
Description
Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands. The company offers wine under the 7 Moons, Black Box, Clos du Bois, Estancia, Mount Veeder, The Dreaming Tree, Franciscan Estate, Nobilo, The Prisoner, Kim Crawford, Ravage, The Velvet Devil, Kung Fu Girl, Mark West, Meiomi, Robert Mondavi, Ruffino, and Simi brands, as well as Schrader Cellars and Charles Smith brands; and spirits under the Casa Noble, High West, SVEDKA Vodka, Black Velvet Canadian Whisky, Casa Noble Tequila, and High West Whiskey brands. It provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. The company was founded in 1945 and is headquartered in Victor, New York.
Details
| Name: | Constellation Brands, Inc. |
| STZ | |
| Exchange: | NYSE |
| Founded: | 1945 |
| $33,209,237,825 | |
| 189,864,718 | |
| Website: | http://www.cbrands.com |
| Address: |
Constellation Brands, Inc. Building 100, 207 High Point Drive, Victor, New York, 14564, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | STZ | Class A Common Stock | New York Stock Exchange | US | USD | 01. Jul 1986 | |
| DB | CB1A | Class A Common Stock | Deutsche Boerse AG | DE | EUR | 01. Jul 1986 | |
| LSE | 0REP | Class A Common Stock | London Stock Exchange | GB | CHF | 01. Jul 1986 | |
| SWX | STZ | Class A Common Stock | SIX Swiss Exchange | CH | CHF | 01. Jul 1986 | |
| BMV | STZ * | Class A Common Stock | Bolsa Mexicana de Valores | MX | MXN | 01. Jul 1986 | |
| NYSE | STZ.B | Class B Common Stock | New York Stock Exchange | US | USD | 28. Feb 1973 |
Number of employees
Current staff
Industry
| Distillers and Vintners | |
| Food, Beverage & Tobacco |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/18 01:21 |
| End of day share price update: | 2019/02/15 00:00 |
| Last estimates confirmation: | 2019/02/15 |
| Last earnings filing: | 2019/01/09 |
| Last earnings reported: | 2018/11/30 |
| Last annual earnings reported: | 2018/02/28 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
