NYSE:TAP

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Executive Summary

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. More Details


Snowflake Analysis

Very undervalued with moderate growth potential.


Similar Companies

Share Price & News

How has Molson Coors Beverage's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TAP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TAP's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

7.4%

TAP

0.8%

US Beverage

2.8%

US Market


1 Year Return

-7.3%

TAP

6.4%

US Beverage

20.7%

US Market

Return vs Industry: TAP underperformed the US Beverage industry which returned 6.4% over the past year.

Return vs Market: TAP underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

TAPIndustryMarket
7 Day7.4%0.8%2.8%
30 Day40.2%10.5%12.3%
90 Day23.5%5.1%6.4%
1 Year-6.2%-7.3%9.0%6.4%23.4%20.7%
3 Year-36.5%-40.9%26.9%17.8%47.2%37.4%
5 Year-45.2%-50.8%50.4%32.4%94.1%72.7%

Long-Term Price Volatility Vs. Market

How volatile is Molson Coors Beverage's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Molson Coors Beverage undervalued compared to its fair value and its price relative to the market?

49.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TAP ($46.8) is trading below our estimate of fair value ($92.14)

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


Price To Earnings Ratio

PE vs Industry: TAP is good value based on its PE Ratio (17.4x) compared to the US Beverage industry average (29.3x).

PE vs Market: TAP is good value based on its PE Ratio (17.4x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: TAP is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: TAP is good value based on its PB Ratio (0.8x) compared to the US Beverage industry average (5.3x).


Next Steps

Future Growth

How is Molson Coors Beverage forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

22.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TAP's forecast earnings growth (22.3% per year) is above the savings rate (2.2%).

Earnings vs Market: TAP's earnings (22.3% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TAP's revenue (2% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: TAP's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TAP's Return on Equity is forecast to be low in 3 years time (6.1%).


Next Steps

Past Performance

How has Molson Coors Beverage performed over the past 5 years?

-11.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TAP has a large one-off loss of $292.9M impacting its September 30 2020 financial results.

Growing Profit Margin: TAP's current net profit margins (5.9%) are higher than last year (1.5%).


Past Earnings Growth Analysis

Earnings Trend: TAP's earnings have declined by 11.5% per year over the past 5 years.

Accelerating Growth: TAP's earnings growth over the past year (277.2%) exceeds its 5-year average (-11.5% per year).

Earnings vs Industry: TAP earnings growth over the past year (277.2%) exceeded the Beverage industry 16.3%.


Return on Equity

High ROE: TAP's Return on Equity (4.3%) is considered low.


Next Steps

Financial Health

How is Molson Coors Beverage's financial position?


Financial Position Analysis

Short Term Liabilities: TAP's short term assets ($2.6B) do not cover its short term liabilities ($4.3B).

Long Term Liabilities: TAP's short term assets ($2.6B) do not cover its long term liabilities ($10.6B).


Debt to Equity History and Analysis

Debt Level: TAP's debt to equity ratio (62.2%) is considered high.

Reducing Debt: TAP's debt to equity ratio has increased from 41.3% to 62.2% over the past 5 years.

Debt Coverage: TAP's debt is well covered by operating cash flow (24.5%).

Interest Coverage: TAP's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Molson Coors Beverage current dividend yield, its reliability and sustainability?

3.20%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TAP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TAP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TAP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TAP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TAP is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TAP's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Gavin D. Hattersley (57 yo)

1.17yrs

Tenure

US$5,234,327

Compensation

Mr. Gavin D. K. Hattersley has been the Chief Executive Officer at MillerCoors LLC since September 8, 2015 and has been its President since July 1, 2016. Mr. Hattersley served as Interim Chief Executive Of...


CEO Compensation Analysis

Compensation vs Market: Gavin D.'s total compensation ($USD5.23M) is below average for companies of similar size in the US market ($USD10.83M).

Compensation vs Earnings: Gavin D.'s compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Gavin D. Hattersley
President1.17yrsUS$5.23m0.033%
$ 3.3m
Tracey Joubert
Chief Financial Officer4yrsUS$2.74m0.0075%
$ 758.0k
E. Reichert
Chief Legal & Government Affairs Officer and Secretary2.75yrsUS$1.78m0.0067%
$ 683.8k
Michelle St. Jacques
Chief Marketing Officer1yrUS$3.68mno data
Simon Cox
President & CEO of Molson Coors Europe5.83yrsUS$2.02m0.010%
$ 1.0m
Dave Osswald
Chief People and Diversity Officer1yrno datano data
Kevin Doyle
President of U.S. Sales1yrno datano data
Brian Erhardt
Chief Supply Chain Officer1yrno datano data
Peter Marino
President of Emerging Growth1yrno data0.0090%
$ 911.4k
Adam Collins
Chief Communications & Corporate Affairs Officer1yrno datano data
Rahul Goyal
Chief Strategy Officer1yrno datano data
Brian Tabolt
VP & Controller6.75yrsno data0.0014%
$ 143.3k

1.0yrs

Average Tenure

52yo

Average Age

Experienced Management: TAP's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Gavin D. Hattersley
President1.17yrsUS$5.23m0.033%
$ 3.3m
Charles Herington
Independent Director15.75yrsUS$297.84k0.010%
$ 1.1m
Peter Coors
Vice Chairman of the Board1.5yrsUS$347.04k0.28%
$ 28.7m
Iain John Napier
Independent Director12.33yrsUS$290.07k0.0073%
$ 739.7k
H. Riley
Independent Director15.75yrsUS$287.75k0.014%
$ 1.5m
Douglas Tough
Independent Director8.75yrsUS$261.82k0.0054%
$ 544.6k
Louis Vachon
Independent Director8.5yrsUS$289.20k0.0041%
$ 420.6k
Andrew Molson
Chairman of the Board1.5yrsUS$311.68k0.0024%
$ 247.9k
Geoffrey Molson
Director10.92yrsUS$373.23k0.0093%
$ 944.9k
Mary Ferguson-McHugh
Independent Director5.42yrsUS$257.04k0.0015%
$ 151.4k
Roger Eaton
Independent Director8.42yrsUS$300.34k0.0050%
$ 502.9k
David Coors
Director0.50yrno data0.023%
$ 2.3m

8.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: TAP's board of directors are considered experienced (8.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TAP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Molson Coors Beverage Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Molson Coors Beverage Company
  • Ticker: TAP
  • Exchange: NYSE
  • Founded: 1873
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Market Cap: US$10.160b
  • Shares outstanding: 216.68m
  • Website: https://www.molsoncoors.com

Number of Employees


Location

  • Molson Coors Beverage Company
  • 1801 California Street
  • Suite 4600
  • Denver
  • Colorado
  • 80202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TAPNYSE (New York Stock Exchange)YesClass B Common StockUSUSDJun 1975
NY7DB (Deutsche Boerse AG)YesClass B Common StockDEEURJun 1975
NY7BST (Boerse-Stuttgart)YesClass B Common StockDEEURJun 1975
0K2KLSE (London Stock Exchange)YesClass B Common StockGBUSDJun 1975
TAP1 *BMV (Bolsa Mexicana de Valores)YesClass B Common StockMXMXNJun 1975
TAP.ANYSE (New York Stock Exchange)Class A Common StockUSUSDFeb 2005
M1CB34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REPR 1 SHS UNSPONBRBRLJan 2020

Biography

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 23:08
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.