Molson Coors Beverage Company (TAP)

NYSE: TAP · USD

$39.1

-0.32 (-0.8%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-15

Our latest published analysis: TAP rated Hold

Molson Coors Beverage Company's published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$35.2 / share

Potential value

$44.1 / share

Upside to FV

-8.9%

from $39.1

Moat

5.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$7.2B
Revenue (ttm)	11.1B
Net income (ttm)	-2.3B
EPS (ttm)	-$12.0
Shares out	186.5M
P/E (forward)	6.8x
Dividend	$1.92 (4.91%)
Volume	1,520,438
Beta	0.43

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 11.1B
Net income (ttm): -2.3B
EPS (ttm): -$12.0
P/E (forward): 6.8x
Market cap: $7.2B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$12.45B	$12.81B	$13.88B	$13.73B	$13.04B	+1.2%
Gross profit	$4.05B	$3.66B	$4.37B	$4.53B	$4.27B	+1.3%
Operating income	$1.45B	$157.5M	$1.44B	$1.75B	$-2.34B	—
Net income	$1.01B	$-175.3M	$948.9M	$1.12B	$-2.14B	—
EPS (diluted)	$4.15	$-0.81	$4.37	$5.35	$-10.75	—
EBITDA	$2.29B	$872.9M	$2.17B	$2.55B	$-1.61B	—
R&D	—	—	—	—	—	—
SG&A	$2.55B	$2.62B	$2.78B	$2.72B	$2.64B	+0.9%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
BA	The Boeing Company	132.2B	18.0x	1.4x	-0.8%	+8.6%	-25.2%	매도
BMY	Bristol-Myers Squibb Company	123.6B	13.3x	2.5x	21.7%	+2.1%	+45.8%	매도
CHTR	Charter Communications, Inc.	17.2B	2.7x	0.3x	8.5%	+1.7%	-57.3%	적극 매수
ADM	Archer-Daniels-Midland Company	37.3B	21.2x	0.5x	5.0%	+1.8%	+28.5%	비중 축소
BF.B	Brown-Forman Corporation Class B	12.7B	17.9x	3.3x	14.3%	+1.6%	+0.4%	매수
CAG	Conagra Brands, Inc.	6.6B	—	0.6x	9.2%	+0.2%	-18.9%	적극 매수

Base and Bull scenarios

Bull20%

Price target

$44.06

+14.1% from spot

In the Bull scenario, the valuation expands toward Potential value of $44.06 (delivering an expected return of 14.1% at a probability of 20.0%). Rapid retail distribution scaling of beyond-beer offerings and flavored innovations accelerates volume growth, while packaging cost pressures abate. Accelerated operating margin expansion drives rapid debt paydown, enabling enhanced share repurchases and multiple re-rating toward consumer peer levels.

Accelerated nationwide distribution of beyond-beer offerings drives organic volume growth
Input cost deflation and supply chain optimization expand operating margins beyond baseline targets
Rapid balance sheet deleveraging lowers the corporate cost of capital
Market valuation multiples re-rate toward consumer staple peer averages

Base55%

Price target

$35.20

-8.9% from spot

In the Base scenario, the shares converge toward Fair value of $35.20 (representing an expected return of -8.9% from the analysis price of $38.63 at a probability of 55.0%). Core North American brand equity allows annual pricing realization that offsets low-single-digit volume shrinkage, while execution of the three-year cost savings program counters elevated aluminum packaging costs. Operating margins normalize gradually, sustaining annual free cash flow conversion that enables steady balance sheet debt reduction.

Core Americas light lager net pricing realization offsets volume contraction
Three-year cost reduction initiatives offset Midwest Premium aluminum inflation
Operating margins normalize toward baseline levels over the projection horizon
Free cash flow is prioritized toward balance sheet deleveraging

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($35.20). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	1.8%	2.0%	2.3%	2.5%
6.6%	$38.0	$38.5	$39.1	$39.7	$40.4
7.1%	$36.1	$36.5	$37.1	$37.6	$38.2
7.6%	$34.3	$34.7	$35.2	$35.7	$36.2
8.1%	$32.7	$33.1	$33.5	$33.9	$34.4
8.6%	$31.2	$31.5	$31.9	$32.3	$32.7

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E6.8

P25 n/aP50 n/aP75 n/a

Trailing P/E0

P25 n/aP50 n/aP75 n/a

ROE-19.5

P25 n/aP50 n/aP75 n/a

ROIC9.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TAP indicators

Market & fundamental data

Available fields

269

Groups with data

Currency

USD

Showing 269 of 269 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000024545
Company name	Molson Coors Beverage Company
Country	United States
Country code	US
CUSIP number	60871R209
Earnings date	2026-11-05
Earnings time	bmo
Employees	16,200
Employees change	-600
Employees growth	-3.57%
Enterprise value	$13.1B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1873
Industry	Beverages - Brewers
Is primary listing	Yes
Is SPAC	No
ISIN number	US60871R2094
Last 10-K release date	2026-02-18
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Last stock split date	2007-10-04
Last stock split type	Forward
Market cap	$7.3B
Market cap category	Mid-Cap
Next earnings date	2026-11-05
Options	Yes
Price	$39.13
Price currency	USD
Sector	Consumer Staples
SIC code	2082
Stock price date	2026-10-28
Symbol	TAP
U.S. state	Colorado
Website	https://www.molsoncoors.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	7.7x
Average P/E ratio (10Y)	29.96x
Average P/E ratio (3Y)	16.85x
Average P/E ratio (5Y)	41.68x
Earnings yield	-30.64%
EV/EBIT	8.43x
EV/EBITDA	5.78x
EV/FCF	9.87x
EV/Sales	1.18x
FCF / EV yield	10.13%
FCF yield	18.16%
Forward EV/Sales	1.18x
Forward P/E	8.49x
Forward P/S	0.66x
Industry forward P/E	15.86x
Industry P/E	24.52x
P/(FCF - SBC) ratio	5.65x
P/(OCF - SBC) ratio	3.76x
P/B ratio	0.73x
P/FCF ratio	5.51x
P/OCF ratio	3.69x
P/S ratio	0.66x
Price/EBITDA ratio	3.23x
Sector forward P/E	21.33x
Sector P/E	28.29x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	14.01%
EBITDA margin	20.42%
FCF margin	11.96%
Gross margin	37.01%
Operating margin	14.01%
Pretax margin	-24.82%
Profit margin	-20.81%
Profit per employee	$-142,364
Profitable quarters	3
Revenue per employee	$684,167
ROA	3.79%
ROA (5Y)	3.72%
ROCE	8.11%
ROE	-19.47%
ROE (5Y)	0.79%
ROIC	9.54%
ROIC (5Y)	7.05%
SBC / revenue	0.3%
Tax / revenue	-3.57%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth (Q)	-42.25%
EPS growth (QoQ)	53.75%
EPS growth years	0
FCF growth	38.01%
FCF growth (Q)	28.72%
FCF growth 3Y	5.73%
FCF growth 5Y	7.06%
Gross profit growth	-6.19%
Gross profit growth (Q)	-17.05%
Gross profit growth 3Y	1.73%
Gross profit growth 5Y	-0.12%
Net income growth (Q)	-45.95%
Net income growth (QoQ)	53.14%
Net income growth years	0
OCF growth	20.32%
OCF growth (Q)	13.87%
OCF growth (QoQ)	32,616%
OCF growth 10Y	9.47%
OCF growth 3Y	4.56%
OCF growth 5Y	7.39%
Operating income growth	-7.53%
Operating income growth (Q)	-40.94%
Operating income growth 3Y	3.79%
Operating income growth 5Y	-1.34%
Revenue growth	-1.77%
Revenue growth (Q)	-3.26%
Revenue growth (QoQ)	31.7%
Revenue growth 10Y	12.2%
Revenue growth 3Y	-0.28%
Revenue growth 5Y	2.31%
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-651.2M
Depreciation and amortization	$710.2M
EBIT	$1.6B
EBITDA	$2.3B
EPS	$-11.99
FCF per share	$7.11
Financing cash flow	$476.3M
Free cash flow	$1.3B
Free cash flow minus SBC	$1.3B
Gross profit	$4.1B
Income taxes	$-395.5M
Investing cash flow	$-921.8M
Net borrowing	$1.5B
Net cash flow	$1.5B
Net income	$-2.3B
Operating cash flow minus SBC	$1.9B
Operating income	$1.6B
Revenue	$11.1B
Stock-based compensation	$33.1M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.36
Book value per share	$54.14
Debt / EBITDA	3.36
Debt / equity	0.76
Debt / FCF	5.97
Goodwill	$2.1B
Interest coverage	6.19
Long-term assets	$19.8B
Long-term liabilities	$8.7B
Net cash (debt)	$-5.8B
Net cash / market cap	-79.22%
Net debt / EBITDA	2.56
Net debt / equity	0.56
Net debt / FCF	4.36
Piotroski F-Score	5
Property, plant and equipment	$4.9B
Shareholders' equity	$10.4B
Tangible book value	$-3.9B
Tangible book value per share	$-20.68
Total assets	$24.4B
Total cash	$2.1B
Total debt	$7.9B
Total liabilities	$14B
WACC	4.48%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.43
Current assets	$4.6B
Current liabilities	$5.2B
Current ratio	0.88
Inventory turnover	7.97
Net working capital	$-668.2M
Quick ratio	0.63
Working capital	$-628.6M
Working capital turnover	-27.95

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	6.15%
Dividend growth	3.24%
Dividend growth (10Y)	1.54%
Dividend growth (3Y)	5.86%
Dividend growth (5Y)	41.22%
Dividend growth years	5
Dividend payment date	2026-09-18
Dividend payment years	52
Dividend payout frequency	Quarterly
Dividend per share	$1.92
Dividend yield	4.91%
Ex-dividend date	2026-08-28
FCF payout ratio	27%
Last dividend	$0.48
Shareholder yield	11.06%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-62.66%
10Y return CAGR	-6.93%
10Y total return	-51.22%
150-day SMA	$40.72
15Y price change	-6.9%
15Y return CAGR	2.14%
15Y total return	37.33%
1D price change	-0.81%
1M price change	8.9%
1M total return	8.9%
1W price change	-2.61%
1W total return	-2.61%
1Y price change	-13.52%
1Y return CAGR	-9.63%
1Y total return	-9.62%
20-day SMA	$38.69
200-day SMA	$42.52
20Y price change	15.15%
20Y return CAGR	3.2%
20Y total return	87.87%
3M price change	-4.81%
3M total return	-3.7%
3Y price change	-31.01%
3Y return CAGR	-8.4%
3Y total return	-23.15%
50-day SMA	$39.08
50-day SMA vs 200-day SMA	50under200
52-week high	$54.82
52-week high date	2026-02-12
52-week low	$35.52
52-week low date	2026-09-28
5Y price change	-10.25%
5Y return CAGR	1.15%
5Y total return	5.89%
6M price change	-8.08%
6M total return	-5.89%
All-time high	$112.19
All-time high date	2016-10-14
All-time low	$5.56
All-time low date	1982-12-20
Average true range (ATR)	$1.06
Average volume	2.9M
Beta (1Y)	-0.22
Beta (2Y)	0.2
Beta (5Y)	0.43
Change from 52-week high	-28.62%
Change from 52-week low	10.16%
Change from all-time high	-65.1%
Change from all-time low	603.76%
Change from open	-0.08%
Day's gap	-0.74%
Dollar volume	$59.5M
High price	$39.50
Low price	$38.88
Monthly RSI	38.96
Open price	$39.16
Position in 52-week range	40.32%
Premarket change	-1.06%
Premarket close	$39.45
Premarket price	$39.03
Premarket volume	1.4K
Previous close	$39.45
Price vs 150-day SMA	-3.86%
Price vs 20-day SMA	1.19%
Price vs 200-day SMA	-7.93%
Price vs 50-day SMA	0.18%
Relative volume	0.53
RSI	50.86
Sharpe ratio	-0.34
Sharpe ratio (3Y)	-0.39
Sharpe ratio (5Y)	-0.01
Sortino ratio	-0.27
Sortino ratio (3Y)	-0.32
Sortino ratio (5Y)	0.2
Volume	1.5M
Weekly RSI	44.94
YTD price change	-16.13%
YTD total return	-13.25%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	156.2M
Float percentage	83.77%
Shares change (QoQ)	-0.9%
Shares change (YoY)	-6.15%
Shares held by insiders	0.33%
Shares held by institutions	99.63%
Shares outstanding	186.5M
Short % of float	14.69%
Short % of shares	12.3%
Short ratio	4.2 days

Deeper analysis on TAP

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this TAP report

What is the latest published TAP stock rating?

Molson Coors Beverage Company is shown with Hold in the latest published report, analyzed 2026-10-15. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full TAP analysis?

The full latest published report, analyzed 2026-10-15, lives at /stocks/TAP/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for TAP?

The latest published report analyzed 2026-10-15 gives TAP a fair value of USD 35 and a potential value of USD 44. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the TAP page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-15). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldTAP · Fair value $35.2-8.9%

Read full analysis →

Molson Coors Beverage Company (TAP)

Our latest published analysis: TAP rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · TAP

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All TAP indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TAP

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	4.5
Management	6.5
Balance Sheet	4.0
Profitability	1.5
Revenue Growth	2.5
Risk Assessment	6.0
Competitive Moat	5.5
Earnings Quality	1.5
Capital Efficiency	3.5