# Molson Coors Beverage Company Class B (TAP) — Stock CV

Molson Coors Beverage Company 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.

> 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.

## Identity

- **Ticker**: TAP
- **Sector**: Consumer Defensive
- **Industry**: Malt Beverages
- **Headquarters**: GOLDEN, CO
- **Employees**: 16 200
- **Website**: https://www.molsoncoors.com
- **Market cap**: $6.94B
- **Last price**: $37.20
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $12.9B
- **Net income**: -$2.31B
- **Free cash flow**: $1.33B
- **Net debt**: $5.40B
- **Revenue growth (YoY)**: -2.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 100 |
| Growth | 6 |
| Profitability | 0 |
| Health | 18 |
| Quality | 47 |
| Moat | 38 |

## Qualifications (beginner checklist) — 6 of 10 passed

- [ ] Revenue growing — -2.6% YoY
- [ ] Profitable — -$2.31B TTM
- [ ] Profit growing — -290.6% YoY
- [x] Generates cash — $1.33B TTM
- [x] Debt under control — ~4.1y of cash flow to repay
- [x] Established company — $6.94B market cap
- [x] Not printing shares — -8.2% shares over ~5y
- [x] Proven track record — 7/10 profitable years
- [ ] Financially stable — health score 6/100
- [x] Pays a dividend — yield 5.27%

## Experience (career milestones)

- **FY2017** — Revenue crossed $10B: $11.0B for the year
- **FY2016** — First recorded profitable year: $1.98B net income
- **FY2016** — Revenue already above $1B: $6.60B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **FY2016** — Best year on record: $1.98B net income

## Strengths

- None stand out in the 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $12.4B | $1.01B | $1.05B |
| FY2022 | $12.8B | -$175M | $841M |
| FY2023 | $13.9B | $949M | $1.41B |
| FY2024 | $13.7B | $1.12B | $1.24B |
| FY2025 | $13.0B | -$2.14B | $1.07B |

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Source: https://stockcv.com/TAP — derived from company filings; may be delayed or incomplete. Information, not investment advice.