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TAP - Molson Coors Beverage Company

NYSE -> Consumer Defensive -> Beverages—Brewers
Golden, United States
Type: Equity

TAP price evolution
TAP
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $868.9 $801.7 $960.9 $328.2
Short term investments
Net receivables $879.4 $1080.4 $1144.2 $925.4
Inventory $802.3 $852.6 $863.4 $915.6
Total current assets $2848.5 $3087.8 $3329.2 $2551.6
Long term investments
Property, plant & equipment $4444.5 $4268.2 $4338 $4270.1
Goodwill & intangible assets $17939.9 $18033 $18103.1 $18091.7
Total noncurrent assets $23526.6 $23480.6 $23460.4 $23300.9
Total investments
Total assets $26375.1 $26568.4 $26789.6 $25852.5
Current liabilities
Accounts payable $3180.8 $3358.9 $3406.7 $2893.5
Deferred revenue
Short long term debt $911.8 $878.8 $423.2 $412.7
Total current liabilities $4092.6 $4237.7 $3829.9 $3306.2
Long term debt $5312.1 $5301.1 $6191.9 $6177.7
Total noncurrent liabilities $8847.4 $8842.7 $9702.8 $9627.3
Total debt $6223.9 $6179.9 $6615.1 $6590.4
Total liabilities $12940 $13080.4 $13532.7 $12933.5
Shareholders' equity
Retained earnings $7484.3 $7470 $7129.3 $6877
Other shareholder equity -$1116.3 -$1198.6 -$1093.4 -$1170.6
Total shareholder equity $13196 $13246 $13030.8 $12696.5
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $868.9 $600 $637.4 $770.1
Short term investments
Net receivables $879.4 $866.2 $879.4 $687.1
Inventory $802.3 $792.9 $804.7 $664.3
Total current assets $2848.5 $2638 $2778.7 $2418.8
Long term investments
Property, plant & equipment $4444.5 $4355.5 $4192.4 $4250.3
Goodwill & intangible assets $17939.9 $18092 $19439.4 $19707.1
Total noncurrent assets $23526.6 $23230.3 $24840.3 $24912.3
Total investments
Total assets $26375.1 $25868.3 $27619 $27331.1
Current liabilities
Accounts payable $3180.8 $2068.2 $3107.3 $2889.5
Deferred revenue
Short long term debt $911.8 $397.1 $514.9 $1020.1
Total current liabilities $4092.6 $3375.4 $3622.2 $3909.6
Long term debt $5312.1 $6165.2 $6647.2 $7208.2
Total noncurrent liabilities $8847.4 $9577.7 $10332.7 $10800.2
Total debt $6223.9 $6562.3 $7162.1 $8228.3
Total liabilities $12940 $13178.6 $13954.9 $14709.8
Shareholders' equity
Retained earnings $7484.3 $6894.1 $7401.5 $6544.2
Other shareholder equity -$1116.3 -$1178.1 -$1006 -$1167.8
Total shareholder equity $13196 $12689.7 $13417.1 $12365
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $2790.8 $3298.4 $3266.6 $2346.3
Cost of revenue $1757.8 $1952.2 $2047.7 $1575.6
Gross Profit $1033 $1346.2 $1218.9 $770.7
Operating activities
Research & development
Selling, general & administrative $683.2 $746.8 $734.9 $615
Total operating expenses $832.9 $759.5 $734.7 $615.5
Operating income $200.1 $586.7 $484.2 $155.2
Income from continuing operations
EBIT $234.8 $591.9 $492 $160.3
Income tax expense $60 $112.4 $95 $28.7
Interest expense $71.5 $48.8 $54.6 $59.1
Net income
Net income $103.3 $430.7 $342.4 $72.5
Income (for common shares) $103.3 $430.7 $342.4 $72.5
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $11702.1 $10701 $10279.7 $9654
Cost of revenue $7333.3 $7045.8 $6226.3 $5885.7
Gross Profit $4368.8 $3655.2 $4053.4 $3768.3
Operating activities
Research & development
Selling, general & administrative $2779.9 $2618.8 $2554.5 $2437
Total operating expenses $2942.6 $3502.4 $2599 $4177.2
Operating income $1426.2 $152.8 $1454.4 -$408.9
Income from continuing operations
EBIT $1479 $199.3 $1496.5 -$372.6
Income tax expense $296.1 $124 $230.5 $301.8
Interest expense $234 $250.6 $260.3 $274.6
Net income
Net income $948.9 -$175.3 $1005.7 -$949
Income (for common shares) $948.9 -$175.3 $1005.7 -$949
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $103.3 $430.7 $342.4 $72.5
Operating activities
Depreciation $174.2 $168.7 $168.4 $171.5
Business acquisitions & disposals $0.2 -$63.9
Stock-based compensation $10.8 $13.8 $10.5 $9.8
Total cash flows from operations $474.5 $710.1 $891 $3.4
Investing activities
Capital expenditures -$173.8 -$157.2 -$152.8 -$176.8
Investments
Total cash flows from investing -$173.2 -$327.9 -$163.2 -$177.4
Financing activities
Dividends paid -$88 -$88.5 -$88.7 -$89.5
Sale and purchase of stock -$144.7 -$33.7 -$4.9 -$14.6
Net borrowings -$1.9 -$396.8 -$0.5 $1.4
Total cash flows from financing -$252.8 -$526.7 -$99.4 -$102.5
Effect of exchange rate $18.7 -$14.7 $4.3 $4.7
Change in cash and equivalents $67.2 -$159.2 $632.7 -$271.8
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $948.9 -$175.3 $1005.7 -$949
Operating activities
Depreciation $682.8 $684.8 $786.1 $922
Business acquisitions & disposals -$63.7
Stock-based compensation $44.9 $33.6 $32.1 $24.2
Total cash flows from operations $2079 $1502 $1573.5 $1695.7
Investing activities
Capital expenditures -$660.6 -$629.2 -$496.6 -$416
Investments
Total cash flows from investing -$841.7 -$625.1 -$509.9 -$413.6
Financing activities
Dividends paid -$354.7 -$329.3 -$147.8 -$125.3
Sale and purchase of stock -$197.9 -$48.4 $4.6 $4.1
Net borrowings -$397.8 -$505.8 -$1005.2 -$917.4
Total cash flows from financing -$981.4 -$889.5 -$1172.2 -$1070.4
Effect of exchange rate $13 -$24.8 -$24.1 $35
Change in cash and equivalents $268.9 -$37.4 -$108.6 $211.7
Fundamentals
Market cap $14.36B
Enterprise value $19.72B
Shares outstanding 213.30M
Revenue $11.70B
EBITDA $2.16B
EBIT $1.48B
Net Income $948.90M
Revenue Q/Q 6.13%
Revenue Y/Y 9.36%
P/E ratio 15.14
EV/Sales 1.69
EV/EBITDA 9.12
EV/EBIT 13.33
P/S ratio 1.23
P/B ratio 1.00
Book/Share 67.10
Cash/Share 4.07
EPS $4.45
ROA 3.59%
ROE 7.28%
Debt/Equity 0.98
Net debt/EBITDA 5.58
Current ratio 0.70
Quick ratio 0.50