Molson Coors Beverage Company

Malt Beverages

TAPStrained6 of 10 basics passed

$37.20

-1.90%

Market cap $6.94B

$37.20

-1.90%

Market cap $6.94B

Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling, and ranks as the second-largest beer maker in both value and volume in the US, Canada, and the United Kingdom.

It is a $6.94B consumer staples company. Revenue shrank 2.6% over the last year, it currently loses money, and its net debt equals ~4.1 years of free cash flow.

Website: molsoncoors.com
Location: Golden, CO
Employees: 16 200
Sector: Consumer Defensive

Share price · 3 years

$60.16 → $37.20-38.2%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $12.9B
Loss: spends more than it earns; -$2.31B
Free cash flow: cash left after running the business; $1.33B
Net debt: debt minus cash on hand; $5.40B
Dividend: pays out 44% of profit · 28% of FCF; 5.27%
Shares: down 7% since 2016 — buybacks; 199.1M
Volatility: beta vs the market — under 1 swings less; 0.49

Revenue, last 10 years

52-week range

Low $35.95$37.20High $54.38

Today's price is 7% of the way from the year's low to its high.

P/E vs its history4y

8.9×median 13.6×

Higher than 1% of past days — near the lowest of its own history.

Valuation vs own history

P/E

8.9×

99%

P/S

0.6×

98%

EV/EBITDA

8.2×

97%

P/B

0.7×

99%

FCF yield

19.1%

99%

Share of the last ~5 years that was pricier than today (unusually cheap vs its own history). Based on the daily valuation record.

Standing in Consumer Defensive

Size$6.94Btop 90%
Revenue growth+1%top 65%
Net margin-21%top 100%
Return on equity-23%top 98%
Dividend yield5.27%top 22%

Ranked against 41 Consumer Defensive companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation; Growth, Profitability, Health, Quality and Moat lag behind.

Valuation100

P/E vs own history1th pct · 25/25
FCF yield19.1% · 25/25
P/S0.6x · 25/25
EV/EBITDA6.9x · 25/25

Growth6

Revenue CAGR1.2% · 6/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growthn/a · 0/25

Profitability0

ROIC-13.7% · 0/25
ROE-22.6% · 0/25
Net margin-17.8% · 0/25
Operating margin-22.7% · 0/25

Health18

Altman Zn/a · 0/25
Current ratio0.88 · 6/25
Interest coverage-10.8x · 0/25
Net cash / debtD/A 24% · 12/25

Quality47

Piotroski F4/9 · 10/25
Beneish M-3.58 · 25/25
FCF conversion-57% · 0/25
Margin stabilityσ 12.2% · 12/25

Moat38

ROIC >12% years0/10 yrs · 0/25
Median gross margin32.2% · 13/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst -16.4% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2017Financial
Revenue crossed $10B
$11.0B for the year
FY2016Financial
First recorded profitable year
$1.98B net income
FY2016Financial
Revenue already above $1B
$6.60B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak
FY2016Financial
Best year on record
$1.98B net income

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$7 986 today — price return only

$13.0B revenue in FY2025

Positive free cash flow 10 years in a row

16 200 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

No standout strengths in the available data.

Watch-outs

Revenue shrinking 2.6% year over year
Not profitable — 17.8% net margin
Thin interest coverage (-10.8×)
Loss-making in 3 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

6 of 10 checks passed

Revenue growing — the company sells more than a year ago-2.6% YoY
Profitable — makes more than it spends-$2.31B TTM
Profit growing — earnings are higher than last year-290.6% YoY
Generates cash — cash left after running and investing$1.33B TTM
Debt under control — could handle its obligations~4.1y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$6.94B market cap
Not printing shares — share count not ballooning — you keep your slice-8.2% shares over ~5y
Proven track record — years of profitability behind it7/10 profitable years
Financially stable — balance sheet not near distresshealth score 6/100
Pays a dividend — returns cash to shareholdersyield 5.27%
Valuation not extreme — price not wildly above earningsno data

Peer comparisonMolson Coors Beverage Company vs 6 largest consumer defensive peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
TAP this company	$6.9B	—	-2.6%	-17.8%	Strained
WMT Walmart Inc.	$882.9B	40.8	+6.2%	3.0%	Strained
COST Costco Wholesale Corp	$419.2B	45.5	+10.1%	3.0%	Mixed
KO Coca-Cola Company	$379.3B	26.5	+6.5%	28.6%	Mixed
PG Procter & Gamble Company	$351.2B	21.9	+3.3%	18.4%	Solid
PM Philip Morris International Inc.	$313.6B	28.8	+8.9%	25.6%	Strained
PEP PepsiCo, Inc.	$171.8B	16.5	+6.4%	11.1%	Strained

Head-to-head: TAP vs WMT · TAP vs COST · TAP vs KO

References

What covering analysts publish about the company — information only, not a recommendation.

Buy 5Hold 14Sell 9Strong sell 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $12.9B · net income -$2.31B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$12.9B

YoY -2.6%

Net income (TTM)

-$2.31B

Margin -17.8%

Gross margin

37.0%

Operating margin

-22.7%

Dividend yield

5.27%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	11.7	12.4	12.8	13.9	13.7	13.0
Gross profit	3.8	4.1	3.7	4.4	4.5	4.3
Operating income (EBIT)	-0.4	1.5	1.1	1.4	1.8	1.7
Net income	-0.9	1.0	-0.2	0.9	1.1	-2.1
EPS (diluted)	-4.38	4.62	-0.81	4.37	5.35	-10.75

Cash flowFree cash flow $1.33B · operating cash flow $1.98B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$1.33B

Margin 10.3%

Operating cash flow (TTM)

$1.98B

FCF margin

10.3%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	1.7	1.6	1.5	2.1	1.9	1.8
Capital expenditure	-0.6	-0.5	-0.7	-0.7	-0.7	-0.7
Free cash flow	1.1	1.1	0.8	1.4	1.2	1.1
FCF margin	9.6%	8.4%	6.6%	10.1%	9.0%	8.2%

Balance sheetAssets $22.7B · net debt $5.40B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $22.7B of assets is financed

54%

46%

Liabilities $12.2B — borrowed moneyEquity $10.2B — owners' stake

Cash vs debt

Total debt $6.30B − cash $897M = net debt $5.40B

Cash on hand covers 14% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

-10.8x

EBIT ÷ interest expense

ROE

-22.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.8	0.6	0.6	0.9	1.0	0.9
Total assets	27.3	27.6	25.9	26.4	26.1	22.7
Total liabilities	14.7	14.0	13.0	12.9	12.6	12.2
Total debt	8.2	7.2	6.6	6.2	6.1	6.3
Equity	12.4	13.4	12.7	13.2	13.1	10.2
Net debt	7.5	6.5	6.0	5.4	5.2	5.4

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of TAP on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $37.20 · market cap $6.94B.