Molson Coors Brewing Co Stock Research

Market Summary

USD51.48-0.58

Market Closed

-1.11%

TAP Alerts

Big fall in earnings (Y/Y)
Losses in recent quarter

TAP Stock Price

TAP RSI Chart

TAP Valuation

Market Cap

11.2B

Price/Earnings (Trailing)

-63.67

Price/Sales (Trailing)

0.87

EV/EBITDA

19.49

Price/Free Cashflow

7.43

TAP Price/Sales (Trailing)

TAP Profitability

EBT Margin

-0.49%

Return on Equity

-1.38%

Return on Assets

-0.68%

Free Cashflow Yield

13.46%

TAP Fundamentals

TAP Revenue

Revenue (TTM)

12.8B

Revenue Y/Y

-1.53%

Revenue Q/Q

-10.58%

TAP Earnings

Earnings (TTM)

-175.3M

Earnings Y/Y

-838.13%

Earnings Q/Q

-372.87%

Price Action

52 Week Range

46.6960.12

(Low)(High)

Last 7 days

-4.2%

Last 30 days

0.2%

Last 90 days

0.6%

Trailing 12 Months

3.1%

TAP Financial Health

Current Ratio

0.78

Debt/Equity

0.51

Debt/Cashflow

0.23

TAP Investor Care

Dividend Yield

2.97%

Dividend/Share (TTM)

1.52

Buy Backs (1Y)

0.18%

Peers (Alternatives to Molson Coors Brewing)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
KO	260.8B	43.0B	-0.28%	3.56%	27.33	6.06	11.25%	-2.34%
PEP	243.6B	86.4B	-0.64%	11.86%	27.34	2.82	8.70%	16.96%
PM	147.9B	80.7B	-7.26%	8.04%	16.34	1.83	-1.89%	-0.67%
MNST	54.0B	6.3B	-1.79%	36.32%	45.32	8.56	13.89%	-13.49%
KDP	49.4B	14.1B	-2.08%	-5.00%	34.43	3.52	10.83%	-33.08%
TAP	11.2B	12.8B	0.17%	3.10%	-63.67	0.87	2.87%	-117.43%
MID-CAP
CELH	6.5B	653.6M	-14.69%	85.35%	-34.74	9.95	107.97%	-4902.10%
SAM	3.9B	2.2B	-15.87%	-12.12%	57.73	1.75	1.18%	362.19%
MGPI	2.1B	782.4M	-3.56%	16.91%	18.89	2.63	24.83%	19.88%
SMALL-CAP
REED	365.3M	50.8M	3480.11%	988.71%	-20.12	7.19	6.92%	-22.73%
WTER	23.4M	73.3M	-28.89%	-79.55%	-0.76	0.32	32.40%	6.88%
FIZZ	4.9M	1.2B	11.94%	26.39%	0.03	0	4.98%	-14.14%
JVA	12.0M	67.9M	-13.15%	-51.44%	30.49	0.18	6.35%	-24.82%

Financials for Molson Coors Brewing

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-0.4%	12,808	12,857	12,775	12,837	12,450
Gross Profit	1.9%	3,655	3,589	3,799	4,250	4,053
S&GA Expenses	-3.3%	2,619	2,708	2,713	2,687	2,555
EBITDA	-44.1%	873	1,561	1,803	2,302	2,285
EBITDA Margin	-43.9%	0.07*	0.12*	0.14*	0.18*	0.18*
Earnings Before Taxes	-110.2%	-62.50	611	819	1,286	1,239
EBT Margin	-110.3%	0.00*	0.05*	0.06*	0.10*	0.10*
Interest Expenses	-0.6%	251	252	256	258	260
Net Income	-135.4%	-175	495	732	1,073	1,006
Net Income Margin	-135.5%	-0.01*	0.04*	0.06*	0.08*	0.08*
Free Cahsflow	5.5%	1,502	1,423	1,492	1,645	1,574

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-3.1%	25,868	26,709	27,388	27,722	27,619
Current Assets	-4.1%	2,638	2,749	2,872	2,871	2,779
Cash Equivalents	14.2%	600	525	442	359	637
Inventory	-8.5%	793	867	872	936	805
Goodwill	-13.7%	5,292	6,133	6,149	6,155	6,153
Liabilities	-2.7%	12,953	13,312	13,785	13,951	13,955
Current Liabilities	-6.0%	3,375	3,591	3,514	3,555	3,622
Long Term Debt	-1.7%	6,451	6,565	7,139	7,155	-
LT Debt, Non Current	1.4%	6,165	6,083	6,558	6,632	6,647
Shareholder's Equity	-3.6%	12,690	13,170	13,603	13,771	13,417
Retained Earnings	-8.9%	6,894	7,567	7,434	7,470	7,402
Additional Paid-In Capital	0.2%	7,006	6,994	6,984	6,976	6,971
Accumulated Depreciation	-	3,507	-	-	-	-
Shares Outstanding	-0.1%	217	217	217	-	-
Minority Interest	-0.3%	226	226	230	239	247

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	5.5%	1,502	1,423	1,492	1,645	1,574
Share Based Compensation	1.5%	34.00	33.00	33.00	32.00	32.00
Cashflow From Investing	5.5%	-625	-661	-679	-651	-509
Cashflow From Financing	-11.8%	-889	-795	-1,638	-1,144	-1,172
Dividend Payments	2.6%	329	321	313	230	148
Buy Backs	32.7%	52.00	39.00	26.00	14.00	0.00

Risks for TAP

What is the probability of a big loss on TAP?

88.1%

Probability that Molson Coors Brewing stock will be more than 20% underwater in next one year

36.1%

Probability that Molson Coors Brewing stock will be more than 30% underwater in next one year.

8.1%

Probability that Molson Coors Brewing stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TAP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Molson Coors Brewing was unfortunately bought at previous high price.

Drawdowns

Returns for TAP

Cumulative Returns on TAP

2.8%

10-Year Cumulative Returns

-6.2%

7-Year Cumulative Returns

-6.5%

5-Year Cumulative Returns

3-Year Cumulative Returns

What are the long-term rolling returns for TAP?

FIve years rolling returns for Molson Coors Brewing.

Annualized Returns

Which funds bought or sold TAP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	7.09	2,833,520	21,769,500	0.02%
2023-03-06	Rockefeller Capital Management L.P.	added	30.13	305,000	1,075,000	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	461	5,461	-%
2023-02-28	Voya Investment Management LLC	added	4.79	392,387	3,531,390	-%
2023-02-24	NATIXIS	reduced	-94.12	-583,742	39,258	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	61,000	886,000	0.01%
2023-02-21	KB FINANCIAL PARTNERS, LLC	added	0.96	42,000	539,000	0.18%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-15.72	-31,444	303,556	0.01%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	reduced	-3.18	35,163	935,163	-%
2023-02-21	MACQUARIE GROUP LTD	added	1.39	401,348	4,940,350	0.01%

Latest Funds Activity

Are funds buying TAP calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own TAP

No. of Funds

Molson Coors Brewing News

Schedule 13G FIlings of Molson Coors Brewing

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	dodge & cox	13.5%	27,087,904	SC 13G/A
Feb 09, 2023	vanguard group inc	10.90%	21,825,412	SC 13G/A
Feb 03, 2023	blackrock inc.	7.9%	15,911,020	SC 13G/A
Feb 14, 2022	dodge & cox	15.3%	30,615,810	SC 13G/A
Feb 10, 2022	vanguard group inc	10.02%	20,094,866	SC 13G/A
Feb 01, 2022	blackrock inc.	9.0%	18,003,081	SC 13G/A
Dec 09, 2021	vanguard group inc	10.03%	20,127,537	SC 13G/A
Feb 11, 2021	dodge & cox	14.8%	29,588,242	SC 13G/A
Feb 10, 2021	vanguard group inc	9.59%	19,211,272	SC 13G/A
Jan 29, 2021	blackrock inc.	7.3%	14,698,818	SC 13G/A

TAP Fair Value

Molson Coors Brewing fair value in different scenarios

The table shows the Fair Value estimates for Molson Coors Brewing for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	28.97 -43.73%	36.85 -28.42%	51.09 -0.76%	98.00 90.37%	151.57 194.43%
Current Inflation	50.43 -2.04%	59.51 15.60%	91.87 78.46%	193.68 276.22%	361.42 602.06%
Very High Inflation	26.96 -47.63%	32.24 -37.37%	41.79 -18.82%	74.18 44.09%	110.44 114.53%

Historical Molson Coors Brewing Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Molson Coors Brewing

View All Filings

Date Filed	Form Type	Document
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading

Latest Insider Trading transactions for TAP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-02	St. Jacques Michelle	sold (taxes)	-81,891	53.28	-1,537	chief commercial officer
2023-03-02	Hattersley Gavin	sold (taxes)	-506,586	53.28	-9,508	president & ceo
2023-03-02	Coors David S.	sold (taxes)	-17,635	53.28	-331	-
2023-03-02	Yeskov Sergey	sold (taxes)	-1,225	53.28	-23.00	pres&ceo, molson coors europe
2023-03-02	Stelter Roxanne	sold (taxes)	-21,258	53.28	-399	vp,controller & chf acct off
2023-03-02	Joubert Tracey	sold (taxes)	-150,463	53.28	-2,824	chief financial officer
2023-02-27	Joubert Tracey	acquired	-	-	8,373	chief financial officer
2023-02-27	D'Angelo Anne-Marie W	acquired	-	-	4,466	chief legal & govt affairs off
2023-02-27	Yeskov Sergey	acquired	-	-	8,373	(pres&ceo, molson coors europe
2023-02-27	Stelter Roxanne	acquired	-	-	1,628	vp,controller & chf acct off

About Molson Coors Brewing

Gavin D. K. Hattersley

www.molsoncoors.com

16300

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink beverages. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is based in Golden, Colorado.

TAP Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Sales	$ 12,807.5	$ 12,449.9	$ 11,723.8
Excise taxes	(2,106.5)	(2,170.2)	(2,069.8)
Net sales	10,701.0	10,279.7	9,654.0
Cost of goods sold	(7,045.8)	(6,226.3)	(5,885.7)
Gross profit	3,655.2	4,053.4	3,768.3
Marketing, general and administrative expenses	(2,618.8)	(2,554.5)	(2,437.0)
Goodwill impairment	(845.0)	0.0	(1,484.3)
Other operating income (expense), net	(38.6)	(44.5)	(255.9)
Equity income (loss)	4.7	0.0	0.0
Operating income (loss)	157.5	1,454.4	(408.9)
Interest expense	(250.6)	(260.3)	(274.6)
Interest income	4.3	2.0	3.3
Other pension and postretirement benefits (costs), net	36.6	46.4	30.3
Other non-operating income (expense), net	(10.3)	(3.5)	6.0
Total non-operating income (expense), net	(220.0)	(215.4)	(235.0)
Income (loss) before income taxes	(62.5)	1,239.0	(643.9)
Income tax benefit (expense)	(124.0)	(230.5)	(301.8)
Net income (loss)	(186.5)	1,008.5	(945.7)
Net (income) loss attributable to noncontrolling interests	11.2	(2.8)	(3.3)
Net income (loss) attributable to Molson Coors Beverage Company	$ (175.3)	$ 1,005.7	$ (949.0)
Basic net income (loss) attributable to Molson Coors Beverage Company per share:
Basic (in dollars per share)	$ (0.81)	$ 4.63	$ (4.38)
Diluted net income (loss) attributable to Molson Coors Beverage Company per share:
Diluted (in dollars per share)	$ (0.81)	$ 4.62	$ (4.38)
Weighted average shares outstanding, basic:
Basic (in shares)	216.9	217.1	216.8
Weighted average shares outstanding, diluted:
Dilutive effect of share-based awards (in shares)	0.0	0.5	0.0
Diluted (in shares)	216.9	217.6	216.8

TAP Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 600.0	$ 637.4
Accounts and other receivables
Trade, less allowance for doubtful accounts of $13.2 and $19.0, respectively	739.8	678.9
Other receivables	126.4	200.5
Inventories, less allowance for obsolete inventories of $41.1 and $25.8, respectively	792.9	804.7
Other current assets, net	378.9	457.2
Total current assets	2,638.0	2,778.7
Properties, net	4,222.8	4,192.4
Goodwill	5,291.9	6,152.6
Other intangibles, net	12,800.1	13,286.8
Other assets	915.5	1,208.5
Total assets	25,868.3	27,619.0
Current liabilities
Accounts payable and other current liabilities	2,978.3	3,107.3
Current portion of long-term debt and short-term borrowings	397.1	514.9
Total current liabilities	3,375.4	3,622.2
Long-term debt	6,165.2	6,647.2
Pension and postretirement benefits	473.3	654.4
Deferred tax liabilities	2,646.4	2,704.6
Other liabilities	292.8	326.5
Total liabilities	12,953.1	13,954.9
Commitments and contingencies (Note 13)
Capital stock
Preferred stock, $0.01 par value (authorized: 25.0 shares; none issued)	0.0	0.0
Paid-in capital	7,006.4	6,970.9
Retained earnings	6,894.1	7,401.5
Accumulated other comprehensive income (loss)	(1,205.5)	(1,006.0)
Class B common stock held in treasury at cost (10.5 shares and 9.5 shares, respectively)	(522.9)	(471.4)
Total Molson Coors Beverage Company stockholders' equity	12,689.7	13,417.1
Noncontrolling interests	225.5	247.0
Total equity	12,915.2	13,664.1
Total liabilities and equity	25,868.3	27,619.0
Common Class A
Capital stock
Common stock issued	0.0	0.0
Common Class B
Capital stock
Common stock issued	2.1	2.1
Class A exchangeable shares
Capital stock
Exchangeable shares issued	102.2	102.2
Class B exchangeable shares
Capital stock
Exchangeable shares issued	$ 413.3	$ 417.8