Molson Coors Beverage Company (TAP)

NYSE: TAP · IEX Real-Time Price · USD
67.34
+0.44 (0.66%)
Mar 27, 2024, 4:00 PM EDT - Market closed

Total Valuation

TAP has a market cap or net worth of $14.23 billion. The enterprise value is $19.58 billion.

Market Cap 14.23B
Enterprise Value 19.58B

Important Dates

The next estimated earnings date is Tuesday, April 30, 2024, before market open.

Earnings Date Apr 30, 2024
Ex-Dividend Date Feb 29, 2024

Share Statistics

TAP has 212.69 million shares outstanding. The number of shares has increased by 0.18% in one year.

Shares Outstanding 212.69M
Shares Change (YoY) +0.18%
Shares Change (QoQ) -0.55%
Owned by Insiders (%) 11.52%
Owned by Institutions (%) 88.86%
Float 190.35M

Valuation Ratios

The trailing PE ratio is 15.41 and the forward PE ratio is 11.78. TAP's PEG ratio is 3.36.

PE Ratio 15.41
Forward PE 11.78
PS Ratio 1.22
Forward PS 1.19
PB Ratio 1.08
P/FCF Ratio 10.03
PEG Ratio 3.36
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 9.06, with an EV/FCF ratio of 13.80.

EV / Earnings 20.63
EV / Sales 1.67
EV / EBITDA 9.06
EV / EBIT 13.24
EV / FCF 13.80

Financial Position

The company has a current ratio of 0.70, with a Debt / Equity ratio of 0.47.

Current Ratio 0.70
Quick Ratio 0.43
Debt / Equity 0.47
Debt / EBITDA 2.88
Debt / FCF 4.39
Interest Coverage 6.32

Financial Efficiency

Return on equity (ROE) is 7.30% and return on invested capital (ROIC) is 5.60%.

Return on Equity (ROE) 7.30%
Return on Assets (ROA) 3.60%
Return on Capital (ROIC) 5.60%
Revenue Per Employee $709,218
Profits Per Employee $57,509
Employee Count 16,500
Asset Turnover 0.44
Inventory Turnover 9.19

Taxes

In the past 12 months, TAP has paid $296.10 million in taxes.

Income Tax 296.10M
Effective Tax Rate 23.78%

Stock Price Statistics

The stock price has increased by +31.83% in the last 52 weeks. The beta is 0.85, so TAP's price volatility has been lower than the market average.

Beta (1Y) 0.85
52-Week Price Change +31.83%
50-Day Moving Average 63.50
200-Day Moving Average 63.08
Relative Strength Index (RSI) 64.19
Average Volume (30 Days) 1,653,981

Short Selling Information

The latest short interest is 10.42 million, so 4.90% of the outstanding shares have been sold short.

Short Interest 10.42M
Short Previous Month 7.64M
Short % of Shares Out 4.90%
Short % of Float 5.47%
Short Ratio (days to cover) 5.38

Income Statement

In the last 12 months, TAP had revenue of $11.70 billion and earned $948.90 million in profits. Earnings per share was $4.37.

Revenue 11.70B
Gross Profit 4.37B
Operating Income 1.43B
Pretax Income 1.25B
Net Income 948.90M
EBITDA 2.16B
EBIT 1.48B
Earnings Per Share (EPS) $4.37
Full Income Statement

Balance Sheet

The company has $868.90 million in cash and $6.22 billion in debt, giving a net cash position of -$5.36 billion or -$25.18 per share.

Cash & Cash Equivalents 868.90M
Total Debt 6.22B
Net Cash -5.36B
Net Cash Per Share -$25.18
Equity / Book Value 13.20B
Book Value Per Share 62.04
Working Capital -1.24B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $2.08 billion and capital expenditures -$660.60 million, giving a free cash flow of $1.42 billion.

Operating Cash Flow 2.08B
Capital Expenditures -660.60M
Free Cash Flow 1.42B
FCF Per Share $6.57
Full Cash Flow Statement

Margins

Gross margin is 37.33%, with operating and profit margins of 12.19% and 8.11%.

Gross Margin 37.33%
Operating Margin 12.19%
Pretax Margin 10.64%
Profit Margin 8.11%
EBITDA Margin 18.47%
EBIT Margin 12.64%
FCF Margin 12.12%

Dividends & Yields

This stock pays an annual dividend of $1.76, which amounts to a dividend yield of 2.61%.

Dividend Per Share $1.76
Dividend Yield 2.61%
Dividend Growth (YoY) 7.74%
Years of Dividend Growth 3
Payout Ratio 40.27%
Buyback Yield -0.18%
Shareholder Yield 2.43%
Earnings Yield 6.67%
FCF Yield 9.97%
Dividend Details

Analyst Forecast

The average price target for TAP is $67.65, which is 0.46% higher than the current price. The consensus rating is "Hold".

Price Target $67.65
Price Target Difference 0.46%
Analyst Consensus Hold
Analyst Count 19
Revenue Growth Forecast (5Y) 1.41%
EPS Growth Forecast (5Y) 9.27%
Stock Forecasts

Stock Splits

The last stock split was on October 4, 2007. It was a forward split with a ratio of 2:1.

Last Split Date Oct 4, 2007
Split Type Forward
Split Ratio 2:1

Scores

TAP has an Altman Z-Score of 1.63 and a Piotroski F-Score of 8. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 1.63
Piotroski F-Score 8