Molson Coors Beverage Company

NYSE:TAP Stock Report

Market Cap: US$12.1b

Molson Coors Beverage Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 TAP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TAP ($58.6) is trading below our estimate of fair value ($171.79)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TAP. This is calculated by dividing TAP's market cap by their current earnings.
What is TAP's PE Ratio?
PE Ratio12.9x
EarningsUS$937.90m
Market CapUS$12.07b

Price to Earnings Ratio vs Peers

How does TAP's PE Ratio compare to its peers?

The above table shows the PE ratio for TAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.8x
SAM Boston Beer Company
42.4x19.6%US$3.4b
COKE Coca-Cola Consolidated
19.9xn/aUS$10.6b
PRMB Primo Brands
81.4x107.5%US$11.8b
KOF Coca-Cola FEMSA. de
15.3x12.0%US$16.6b
TAP Molson Coors Beverage
12.9x3.8%US$12.1b

Price-To-Earnings vs Peers: TAP is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (39.8x).

Price to Earnings Ratio vs Industry

How does TAP's PE Ratio compare vs other companies in the North American Beverage Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TAP 12.9xIndustry Avg. 17.9xNo. of Companies3PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TAP is good value based on its Price-To-Earnings Ratio (12.9x) compared to the Global Beverage industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is TAP'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.

TAP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.9x
Fair PE Ratio20.3x

Price-To-Earnings vs Fair Ratio: TAP is good value based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (20.3x).

Analyst Price Targets

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

The above table shows the analyst TAP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$58.60
US$63.16
+7.8%
11.9%US$75.00US$47.00n/a22
Dec ’25US$62.06
US$61.65
-0.7%
11.8%US$75.00US$47.00n/a21
Nov ’25US$55.00
US$60.18
+9.4%
11.4%US$75.00US$47.00n/a20
Oct ’25US$57.35
US$60.05
+4.7%
11.7%US$75.00US$47.00n/a20
Sep ’25US$53.97
US$60.15
+11.4%
12.1%US$75.00US$47.00n/a20
Aug ’25US$52.78
US$60.28
+14.2%
13.6%US$75.00US$47.00n/a21
Jul ’25US$50.60
US$64.02
+26.5%
10.2%US$75.00US$53.00n/a22
Jun ’25US$54.81
US$64.75
+18.1%
9.8%US$75.00US$53.00n/a22
May ’25US$57.08
US$65.17
+14.2%
9.2%US$75.00US$53.00n/a22
Apr ’25US$67.33
US$67.83
+0.7%
6.1%US$77.00US$58.00n/a22
Mar ’25US$62.13
US$67.78
+9.1%
6.2%US$77.00US$58.00n/a21
Feb ’25US$63.11
US$67.53
+7.0%
7.0%US$77.00US$58.00n/a21
Jan ’25US$61.21
US$67.10
+9.6%
7.3%US$77.00US$58.00n/a21
Dec ’24US$61.93
US$67.10
+8.4%
7.0%US$77.00US$58.00US$62.0622
Nov ’24US$58.20
US$67.42
+15.8%
7.8%US$77.00US$57.00US$55.0020
Oct ’24US$63.59
US$69.27
+8.9%
6.2%US$77.00US$57.00US$57.3520
Sep ’24US$62.91
US$68.68
+9.2%
7.8%US$77.00US$54.00US$53.9721
Aug ’24US$66.52
US$69.06
+3.8%
7.9%US$75.00US$54.00US$52.7820
Jul ’24US$65.84
US$66.17
+0.5%
9.5%US$75.00US$54.00US$50.6018
Jun ’24US$62.33
US$63.50
+1.9%
11.4%US$75.00US$50.00US$54.8118
May ’24US$60.45
US$56.39
-6.7%
9.7%US$68.00US$47.00US$57.0818
Apr ’24US$51.68
US$55.08
+6.6%
10.5%US$68.00US$47.00US$67.3319
Mar ’24US$53.05
US$55.18
+4.0%
10.1%US$68.00US$48.00US$62.1320
Feb ’24US$53.31
US$54.61
+2.4%
11.9%US$69.00US$45.00US$63.1119
Jan ’24US$51.52
US$54.29
+5.4%
10.0%US$67.00US$46.00US$61.2119
Dec ’23US$54.97
US$54.39
-1.0%
9.7%US$67.00US$46.00US$61.9319

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 02:51
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Molson Coors Beverage Company is covered by 47 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Erin SmithArgus Research Company
Ishan MajumdarBaptista Research
Michael BrancaBarclays