MOLSON COORS BEVERAGE CO
$40.84
+1.28 (+3.24%) · delayed · Nov 13, 2026
Five-year price
52w $35.52 to $54.82
- Market cap
- $8.1B
- Enterprise value
- $13.5B
- P/E
- —
- EV / EBIT
- —
- FCF yield
- 13.1%
- ROIC
- −11.8%
- Debt / equity
- 0.61
- Piotroski F
- 5/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
33
- ○ROIC > 12% (5y avg)5y avg ROIC 1.6%
- ○ROE > 15% (5y avg)5y avg ROE 0.2%
- ○Stable operating marginsMargin volatility 11.5% (σ, 5y)
- ●Earnings convert to cashFCF / net income 121% (5y avg)
- ○Growing revenueRevenue CAGR 5y 2.2%
- ●Shrinking share countDiluted shares -8.2% over 5y
Value
n/a
- –P/E below 15P/E n/a
- –EV/EBIT below 12EV/EBIT n/a
- ●FCF yield above 6%FCF yield 13.1%
- –Price below Graham NumberGraham Number n/a
- ●P/B below 3P/B 0.8
Safety
0
- ○Debt / equity below 0.5D/E 0.61
- ○Debt payable in < 4 yrs of earningsNet debt $5.4B
- ○Interest coverage > 8xCoverage -9.4x
- ○Current ratio > 1.5Current ratio 0.55
- ○Piotroski F-score ≥ 6F-score 5/9
Graham Defensive
40
- ●Adequate size (revenue > $2B)Revenue $13.0B
- ○Strong condition (current ratio ≥ 2)Current ratio 0.55
- ○Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ○Earnings growth ≥ 33% (10y, 3y avgs)EPS growth -104%
- –Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) n/a
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
At $40.84, the market is pricing in about −0.5% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $5.4B · 199M shares · 5y revenue CAGR 2.2%
Intrinsic value
$54.52
Price
$40.84
Margin of safety
25%
What the price implies
The market is paying for −0.5% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
53% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,597 | 13,472 | 13,338 | 13,009 | 11,724 | 12,450 | 12,808 | 13,885 | 13,734 | 13,040 |
| Gross profit | 1,886 | 4,766 | 4,185 | 4,201 | 3,768 | 4,053 | 3,655 | 4,369 | 4,533 | 4,275 |
| Operating income | 3,323 | 1,678 | 1,632 | 764 | (409) | 1,454 | 158 | 1,438 | 1,753 | (2,337) |
| Operating margin | 50.4% | 12.5% | 12.2% | 5.9% | -3.5% | 11.7% | 1.2% | 10.4% | 12.8% | -17.9% |
| Pre-tax income | 3,054 | 1,383 | 1,360 | 480 | (644) | 1,239 | (63) | 1,253 | 1,503 | (2,518) |
| Income tax | 1,454 | (205) | 225 | 234 | 302 | 231 | 124 | 296 | 345 | (338) |
| Net income | 1,594 | 1,566 | 1,117 | 242 | (949) | 1,006 | (175) | 949 | 1,122 | (2,140) |
| EPS (diluted) | 9.34 | 6.53 | — | — | — | — | -0.81 | 4.37 | 5.35 | -10.75 |
| Diluted shares | 213 | 217 | 217 | 217 | 217 | 218 | 217 | 217 | 210 | 199 |
Who owns it
Superinvestors
Filings wire