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 8,664 - -
Change - 11.24% 17.74% -10.61% -21.88% -6.08% - -
Enterprise Value (EV) 1 16,611 17,182 18,565 16,985 14,628 13,871 13,762 13,502
Change - 3.44% 8.05% -8.51% -13.88% -5.17% -0.79% -1.89%
P/E ratio 10x -63.6x 14x 10.7x -4.34x 9.52x 8.95x 8.51x
PBR 0.75x 0.88x 0.99x 0.89x 0.87x 0.83x 0.78x 0.73x
PEG - 1x -0x 0.5x 0x -0x 1.4x 1.63x
Capitalization / Revenue 0.98x 1.05x 1.13x 1.02x 0.83x 0.78x 0.78x 0.77x
EV / Revenue 1.62x 1.61x 1.59x 1.46x 1.31x 1.25x 1.23x 1.2x
EV / EBITDA 7.99x 8.44x 7.66x 6.86x 6.32x 6.53x 6.5x 6.27x
EV / EBIT 13.1x 13x 10.8x 9.13x 9.34x 9.88x 9.68x 9.35x
EV / FCF 15.8x 20.4x 13.2x 13.7x 13.7x 11.6x 11.6x 12.4x
FCF Yield 6.33% 4.89% 7.58% 7.28% 7.3% 8.64% 8.59% 8.04%
Dividend per Share 2 0.68 1.52 1.64 1.76 1.88 1.966 2.066 2.158
Rate of return 1.47% 2.95% 2.68% 3.07% 4.03% 4.27% 4.49% 4.69%
EPS 2 4.62 -0.81 4.37 5.35 -10.75 4.832 5.14 5.409
Distribution rate 14.7% -188% 37.5% 32.9% -17.5% 40.7% 40.2% 39.9%
Net sales 1 10,280 10,701 11,702 11,627 11,141 11,129 11,153 11,235
EBITDA 1 2,078 2,036 2,423 2,477 2,315 2,125 2,118 2,154
EBIT 1 1,266 1,325 1,717 1,861 1,566 1,404 1,422 1,444
Net income 1 1,006 -175.3 948.9 1,122 -2,140 920.6 929.9 950.8
Net Debt 1 6,525 5,962 5,355 5,177 5,403 5,207 5,098 4,837
Reference price 2 46.35 51.52 61.21 57.32 46.68 46.01 46.01 46.01
Nbr of stocks (in thousands) 216,970 216,509 215,660 206,013 197,634 187,929 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.59x1.24x6.5x4.28% 8.66B
16.58x3.14x8.63x1.98% 142B
15.42x2.39x7.27x5.7% 46.18B
15.4x1.82x8.07x2.82% 45.51B
14.47x4.05x10.97x2.74% 25.83B
14.72x1.91x8.91x3.48% 18.59B
14.25x1.24x8.72x3.13% 15.05B
14.18x1.19x8.97x2.89% 13.37B
Average 14.33x 2.12x 8.51x 3.38% 39.34B
Weighted average by Cap. 15.55x 2.61x 8.52x 2.95%

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
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