TAP - Molson Coors Beverage Company
NYSE
->
Consumer Defensive
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Beverages—Brewers
Golden,
United States
Type: Equity
TAP price evolution
TAP
| (in millions $) | 30 Jun 2024 | 1 May 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1647.3 | $458.4 | $868.9 | $801.7 |
| Short term investments | ||||
| Net receivables | $1204.6 | $1016.2 | $879.4 | $1080.4 |
| Inventory | $848.5 | $870.9 | $802.3 | $852.6 |
| Total current assets | $4037.7 | $2677 | $2848.5 | $3087.8 |
| Long term investments | ||||
| Property, plant & equipment | $4473 | $4651.5 | $4444.5 | $4268.2 |
| Goodwill & intangible assets | $17715.4 | $17793.6 | $17939.9 | $18033 |
| Total noncurrent assets | $23356.5 | $23395.3 | $23526.6 | $23480.6 |
| Total investments | ||||
| Total assets | $27394.2 | $26072.3 | $26375.1 | $26568.4 |
| Current liabilities | ||||
| Accounts payable | $3342.1 | $2908.1 | $3180.8 | $3358.9 |
| Deferred revenue | ||||
| Short long term debt | $894.2 | $905.5 | $911.8 | $878.8 |
| Total current liabilities | $4236.3 | $3863 | $4092.6 | $4237.7 |
| Long term debt | $6161.5 | $5312.2 | $5312.1 | $5301.1 |
| Total noncurrent liabilities | $9742.2 | $8851.1 | $8847.4 | $8842.7 |
| Total debt | $7055.7 | $6217.7 | $6223.9 | $6179.9 |
| Total liabilities | $13978.5 | $12952.2 | $12940 | $13080.4 |
| Shareholders' equity | ||||
| Retained earnings | $7932.4 | $7597.4 | $7484.3 | $7470 |
| Other shareholder equity | -$1217.3 | -$1176.4 | -$1116.3 | -$1198.6 |
| Total shareholder equity | $13179.6 | $13120.1 | $13196 | $13246 |
| (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 $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $3252.3 | $2596.4 | $2790.8 | $3298.4 |
| Cost of revenue | $1922.4 | $1632.9 | $1757.8 | $1952.2 |
| Gross Profit | $1329.9 | $963.5 | $1033 | $1346.2 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $728.5 | $654.6 | $683.2 | $746.8 |
| Total operating expenses | $728.4 | $648.3 | $832.9 | $759.5 |
| Operating income | $601.5 | $315.2 | $200.1 | $586.7 |
| Income from continuing operations | ||||
| EBIT | $612.8 | $311.7 | $234.8 | $591.9 |
| Income tax expense | $134.6 | $55.5 | $60 | $112.4 |
| Interest expense | $51.2 | $48.4 | $71.5 | $48.8 |
| Net income | ||||
| Net income | $427 | $207.8 | $103.3 | $430.7 |
| Income (for common shares) | $427 | $207.8 | $103.3 | $430.7 |
| (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 $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Net income | $427 | $207.8 | $103.3 | $430.7 |
| Operating activities | ||||
| Depreciation | $167.7 | $169 | $174.2 | $168.7 |
| Business acquisitions & disposals | $0.2 | -$63.9 | ||
| Stock-based compensation | $11.4 | $12.8 | $10.8 | $13.8 |
| Total cash flows from operations | $869.2 | $25.4 | $474.5 | $710.1 |
| Investing activities | ||||
| Capital expenditures | -$168.9 | -$213 | -$173.8 | -$157.2 |
| Investments | ||||
| Total cash flows from investing | -$168.9 | -$212.5 | -$173.2 | -$327.9 |
| Financing activities | ||||
| Dividends paid | -$91.6 | -$96.8 | -$88 | -$88.5 |
| Sale and purchase of stock | -$261.7 | -$113.6 | -$144.7 | -$33.7 |
| Net borrowings | $861.9 | -$1.6 | -$1.9 | -$396.8 |
| Total cash flows from financing | $501.8 | -$216.2 | -$252.8 | -$526.7 |
| Effect of exchange rate | -$13.2 | -$7.2 | $18.7 | -$14.7 |
| Change in cash and equivalents | $1188.9 | -$410.5 | $67.2 | -$159.2 |
| (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 |
News
Fundamentals
| Market cap | $11.58B |
|---|---|
| Enterprise value | $16.99B |
| Shares outstanding | 207.60M |
| Revenue | $11.94B |
|---|---|
| EBITDA | $2.43B |
| EBIT | $1.75B |
| Net Income | $1.17B |
| Revenue Q/Q | -0.44% |
| Revenue Y/Y | 6.80% |
| P/E ratio | 9.91 |
|---|---|
| EV/Sales | 1.42 |
| EV/EBITDA | 6.99 |
| EV/EBIT | 9.70 |
| P/S ratio | 0.97 |
| P/B ratio | 0.80 |
| Book/Share | 69.35 |
| Cash/Share | 7.93 |
| EPS | $5.63 |
|---|---|
| ROA | 4.39% |
| ROE | 8.86% |
| Debt/Equity | 0.98 |
|---|---|
| Net debt/EBITDA | 5.07 |
| Current ratio | 0.95 |
| Quick ratio | 0.75 |