Molson Coors Beverage
Market Cap
US$9.7b
Last Updated
2021/02/28 00:04 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
Snowflake Analysis
Fair value 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 +/- 5% a week.
Volatility Over Time: TAP's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
0.1%
TAP
-2.8%
US Beverage
-3.6%
US Market
1 Year Return
-10.4%
TAP
3.3%
US Beverage
36.4%
US Market
Return vs Industry: TAP underperformed the US Beverage industry which returned 3.3% over the past year.
Return vs Market: TAP underperformed the US Market which returned 38.5% over the past year.
Shareholder returns
| TAP | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.1% | -2.8% | -3.6% |
| 30 Day | -14.5% | -3.6% | 0.9% |
| 90 Day | -5.0% | -5.6% | 6.7% |
| 1 Year | -9.4%-10.4% | 6.1%3.3% | 39.4%36.4% |
| 3 Year | -39.3%-43.3% | 25.3%15.9% | 53.4%43.5% |
| 5 Year | -45.4%-50.7% | 43.8%26.0% | 117.3%93.0% |
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
1 week ago | Simply Wall St
Will Molson Coors Beverage's (NYSE:TAP) Growth In ROCE Persist?1 month ago | Simply Wall St
Molson Coors Beverage Company's (NYSE:TAP) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?1 month ago | Simply Wall St
Molson Coors Beverage Company (NYSE:TAP) Shares Could Be 50% Below Their Intrinsic Value EstimateValuation
Is Molson Coors Beverage undervalued compared to its fair value and its price relative to the market?
49.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TAP ($44.45) is trading below our estimate of fair value ($87.16)
Significantly Below Fair Value: TAP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TAP is unprofitable, so we can't compare its PE Ratio to the US Beverage industry average.
PE vs Market: TAP is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TAP's PEG Ratio to determine if it is good value.
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 (7.7x).
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?
47.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TAP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: TAP is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TAP's is expected to become profitable in the next 3 years.
Revenue vs Market: TAP's revenue (2.6% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: TAP's revenue (2.6% 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 (6.4%).
Next Steps
Past Performance
How has Molson Coors Beverage performed over the past 5 years?
-24.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TAP is currently unprofitable.
Growing Profit Margin: TAP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TAP is unprofitable, and losses have increased over the past 5 years at a rate of 24.1% per year.
Accelerating Growth: Unable to compare TAP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TAP is unprofitable, making it difficult to compare its past year earnings growth to the Beverage industry (6.9%).
Return on Equity
High ROE: TAP has a negative Return on Equity (-7.49%), as it is currently unprofitable.
Next Steps
Financial Health
How is Molson Coors Beverage's financial position?
Financial Position Analysis
Short Term Liabilities: TAP's short term assets ($2.4B) do not cover its short term liabilities ($3.9B).
Long Term Liabilities: TAP's short term assets ($2.4B) do not cover its long term liabilities ($10.8B).
Debt to Equity History and Analysis
Debt Level: TAP's debt to equity ratio (66.4%) is considered high.
Reducing Debt: TAP's debt to equity ratio has increased from 41.3% to 66.4% over the past 5 years.
Debt Coverage: TAP's debt is well covered by operating cash flow (20.2%).
Interest Coverage: TAP is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Molson Coors Beverage current dividend yield, its reliability and sustainability?
4.03%
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?
1.3yrs
Average management tenure
CEO
Gavin D. Hattersley (57 yo)
1.42yrs
Tenure
US$5,234,327
Compensation
Mr. Gavin D. K. Hattersley had been the Chief Executive Officer at Molson Coors Beverage Company USA LLC since September 8, 2015 and has been its President since July 1, 2016. Mr. Hattersley served as Inte...
CEO Compensation Analysis
Compensation vs Market: Gavin D.'s total compensation ($USD5.23M) is below average for companies of similar size in the US market ($USD10.54M).
Compensation vs Earnings: Gavin D.'s compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.42yrs | US$5.23m | 0.033% $ 3.1m | |
| Chief Financial Officer | 4.25yrs | US$2.74m | 0.0075% $ 719.0k | |
| Chief Legal & Government Affairs Officer and Secretary | 3yrs | US$1.78m | 0.0067% $ 649.5k | |
| Chief Marketing Officer | 1.25yrs | US$3.68m | 0.011% $ 1.0m | |
| President & CEO of Molson Coors Europe | 6.08yrs | US$2.02m | 0.010% $ 990.2k | |
| VP, Controller | no data | no data | 0.00032% $ 30.9k | |
| Chief People and Diversity Officer | 1.25yrs | no data | no data | |
| Executive Officer | no data | no data | 0.0014% $ 136.1k | |
| President of U.S. Sales | 1.25yrs | no data | no data | |
| Chief Supply Chain Officer | 1.25yrs | no data | no data | |
| President of Emerging Growth | 1.25yrs | no data | 0.0090% $ 865.7k | |
| Chief Communications & Corporate Affairs Officer | 1.25yrs | no data | no data |
1.3yrs
Average Tenure
49.5yo
Average Age
Experienced Management: TAP's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.42yrs | US$5.23m | 0.033% $ 3.1m | |
| Independent Director | 16yrs | US$297.84k | 0.010% $ 1.0m | |
| Vice Chairman of the Board | 1.75yrs | US$347.04k | 0.28% $ 27.2m | |
| Independent Director | 12.58yrs | US$290.07k | 0.0073% $ 701.7k | |
| Independent Director | 16yrs | US$287.75k | 0.014% $ 1.4m | |
| Independent Director | 9yrs | US$261.82k | 0.0054% $ 517.3k | |
| Independent Director | 8.75yrs | US$289.20k | 0.0041% $ 399.6k | |
| Chairman of the Board | 1.75yrs | US$311.68k | 0.0024% $ 235.5k | |
| Director | 11.17yrs | US$373.23k | 0.0093% $ 896.6k | |
| Independent Director | 5.67yrs | US$257.04k | 0.0015% $ 143.8k | |
| Independent Director | 8.67yrs | US$300.34k | 0.0049% $ 476.8k | |
| Director | 0.75yr | no data | 0.023% $ 2.2m |
8.7yrs
Average Tenure
59.5yo
Average Age
Experienced Board: TAP's board of directors are considered experienced (8.7 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$9.651b
- Shares outstanding: 216.78m
- Website: https://www.molsoncoors.com
Number of Employees
Location
- Molson Coors Beverage Company
- 1801 California Street
- Suite 4600
- Denver
- Colorado
- 80202
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TAP | NYSE (New York Stock Exchange) | Yes | Class B Common Stock | US | USD | Jun 1975 |
| NY7 | DB (Deutsche Boerse AG) | Yes | Class B Common Stock | DE | EUR | Jun 1975 |
| NY7 | XTRA (XETRA Trading Platform) | Yes | Class B Common Stock | DE | EUR | Jun 1975 |
| NY7 | BST (Boerse-Stuttgart) | Yes | Class B Common Stock | DE | EUR | Jun 1975 |
| 0K2K | LSE (London Stock Exchange) | Yes | Class B Common Stock | GB | USD | Jun 1975 |
| TAP1 * | BMV (Bolsa Mexicana de Valores) | Yes | Class B Common Stock | MX | MXN | Jun 1975 |
| TAP.A | NYSE (New York Stock Exchange) | Class A Common Stock | US | USD | Feb 2005 | |
| NY70 | DB (Deutsche Boerse AG) | Class A Common Stock | DE | EUR | Feb 2005 | |
| M1CB34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REPR 1 SHS UNSPON | BR | BRL | Jan 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 was formerly known as Molson Coor...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 00:04 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.