Company Valuation: Molson Coors Beverage Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 10,086 11,220 13,210 11,809 9,225 7,816 - -
Change - 11.24% 17.74% -10.61% -21.88% -15.27% - -
Enterprise Value (EV) 1 16,611 17,182 18,565 16,985 14,628 13,159 12,993 12,690
Change - 3.44% 8.05% -8.51% -13.88% -10.05% -1.26% -2.33%
P/E ratio 10x -63.6x 14x 10.7x -4.34x 8.41x 8.16x 7.34x
PBR 0.75x 0.88x 0.99x 0.89x 0.87x 0.74x 0.7x 0.65x
PEG - 1x -0x 0.5x 0x -0x 2.65x 0.7x
Capitalization / Revenue 0.98x 1.05x 1.13x 1.02x 0.83x 0.7x 0.7x 0.69x
EV / Revenue 1.62x 1.61x 1.59x 1.46x 1.31x 1.18x 1.16x 1.13x
EV / EBITDA 7.99x 8.44x 7.66x 6.86x 6.32x 6.23x 6.2x 5.96x
EV / EBIT 13.1x 13x 10.8x 9.13x 9.34x 9.46x 9.35x 8.98x
EV / FCF 15.8x 20.4x 13.2x 13.7x 13.7x 11x 12.1x 11.6x
FCF Yield 6.33% 4.89% 7.58% 7.28% 7.3% 9.11% 8.25% 8.64%
Dividend per Share 2 0.68 1.52 1.64 1.76 1.88 1.922 2.027 2.112
Rate of return 1.47% 2.95% 2.68% 3.07% 4.03% 4.61% 4.86% 5.07%
EPS 2 4.62 -0.81 4.37 5.35 -10.75 4.957 5.11 5.68
Distribution rate 14.7% -188% 37.5% 32.9% -17.5% 38.8% 39.7% 37.2%
Net sales 1 10,280 10,701 11,702 11,627 11,141 11,134 11,177 11,257
EBITDA 1 2,078 2,036 2,423 2,477 2,315 2,112 2,097 2,130
EBIT 1 1,266 1,325 1,717 1,861 1,566 1,391 1,390 1,414
Net income 1 1,006 -175.3 948.9 1,122 -2,140 937.6 910 941.6
Net Debt 1 6,525 5,962 5,355 5,177 5,403 5,342 5,176 4,873
Reference price 2 46.35 51.52 61.21 57.32 46.68 41.68 41.68 41.68
Nbr of stocks (in thousands) 2,16,970 2,16,509 2,15,660 2,06,013 1,97,634 1,87,551 - -
Announcement Date 23/02/22 21/02/23 13/02/24 13/02/25 18/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.41x1.18x6.23x4.61% 781.64Cr
17.61x3.37x9.32x1.77% 16TCr
15.43x2.48x7.35x5.71% 4.91TCr
14.4x1.72x7.64x3.04% 4.19TCr
12.73x3.95x10.44x2.86% 2.54TCr
13.69x1.86x8.7x3.76% 1.82TCr
14.92x1.22x8.88x3.28% 1.42TCr
12.23x1.15x7.97x3.04% 1.32TCr
Average 13.68x 2.12x 8.32x 3.51% 4.1TCr
Weighted average by Cap. 15.73x 2.75x 8.72x 2.9%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Molson Coors Beverage Company