(TAP) Molson Coors Brewing - NYSE
Sector: Consumer Defensive | Industry: Beverages - Brewers | Exchange: NYSE (USA) | Market Cap: 7.390m USD | Total Return: -14.5% in 12m
Avg Turnover: 130M
EPS Trend: 28.0%
Qual. Beats: 1
Rev. Trend: -51.6%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -10.0 is critical
Altman Z'' 0.39 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Molson Coors Beverage Company (TAP) is a global brewer headquartered in Golden, Colorado, founded in 1774 and listed on the NYSE since 1984. The company manufactures, markets, distributes, and sells beer and other malt beverage products across the Americas, Europe, the Middle East, Africa, and Asia Pacific. Its portfolio spans flavored malt beverages, hard seltzers, craft, spirits, ready-to-drink beverages, and non-alcoholic options such as premium mixers and energy drinks.
Brand offerings are organized into three tiers: above premium (including Blue Moon, Peroni Nastro Azzurro, Stella Artois, and Corona Extra through partnerships), premium (such as Coors Light, Miller Lite, and Molson Canadian), and economy (including Keystone, Milwaukees Best, and Steel Reserve). The company was renamed from Molson Coors Brewing Company to Molson Coors Beverage Company in January 2020, reflecting its expansion beyond traditional beer into spirits, hard seltzers, and energy drinks.
As a GICS-classified Brewer within Consumer Staples, TAP operates in a defensive sector characterized by stable demand and price-based competition. The brewing industry typically relies on a three-tier distribution system (producer, wholesaler, retailer) in the U.S., which shapes how brewers like Molson Coors bring products to market.
- Premium portfolio mix expansion drives North America margin growth
- EMEA segment volume softness and FX headwinds persist
- Aluminum and input cost inflation pressures consolidated gross margins
- Hard seltzer category decline pressures Vizzy and Simply Spiked RTD sales
| Net Income: -2.11b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.98 > 1.0 |
| NWC/Revenue: -21.27% < 20% (prev -2.67%; Δ -18.61% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.88b > Net Income -2.11b |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.54 > 1.5 & < 3 |
| Outstanding Shares: last quarter (189.4m) vs 12m ago -7.16% < -2% |
| Gross Margin: 37.83% > 18% (prev 39.00%; Δ -1.17% > 0.5%) |
| Asset Turnover: 46.33% > 50% (prev 43.71%; Δ 2.62% > 0%) |
| Interest Coverage Ratio: -10.00 > 6 (EBIT TTM -2.28b / Interest Expense TTM 227.5m) |
| A: -0.11 (Total Current Assets 2.74b - Total Current Liabilities 5.12b) / Total Assets 22.4b |
| B: 0.26 (Retained Earnings 5.78b / Total Assets 22.4b) |
| C: -0.09 (EBIT TTM -2.28b / Avg Total Assets 24.1b) |
| D: 0.84 (Book Value of Equity 10.1b / Total Liabilities 12.0b) |
| Altman-Z'' = 0.39 = B |
| DSRI: 1.08 (Receivables 971.9m/909.0m, Revenue 11.2b/11.3b) |
| GMI: 1.03 (GM 39.00% / 37.83%) |
| AQI: 0.92 (AQ_t 0.67 / AQ_t-1 0.73) |
| SGI: 0.99 (Revenue 11.2b / 11.3b) |
| TATA: -0.18 (NI -2.11b - CFO 1.88b) / TA 22.4b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of June 22, 2026, the stock is trading at USD 39.40 with a total of 5,702,800 shares traded. Over the past week, the price has changed by -3.74%, over one month by -6.25%, over three months by -4.93% and over the past year by -14.49%.
Current recommended Stop Loss: 37.70 (which is 4.3% or 1.5 ATR below the current price).
Molson Coors Brewing has received a consensus analysts rating of 3.43. Therefore, it is recommended to hold TAP.
- StrongBuy: 4
- Buy: 4
- Hold: 14
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 46 | 16.8% |
P/E Forward = 8.19
P/S = 0.6605
P/B = 0.7349
P/EG = 3.9006
Revenue TTM = 11.2b USD
EBIT TTM = -2.28b USD
EBITDA TTM = -1.55b USD
Long Term Debt = 3.85b USD (from longTermDebt, last quarter)
Short Term Debt = 2.42b USD (from shortTermDebt, last quarter)
Debt = 6.32b USD (from shortLongTermDebtTotal, last quarter) + Leases 52.8m
Net Debt = 5.94b USD (calculated: Debt 6.32b - CCE 382.6m)
Enterprise Value = 13.3b USD (7.39b + Debt 6.32b - CCE 382.6m)
Interest Coverage Ratio = -10.00 (Ebit TTM -2.28b / Interest Expense TTM 227.5m)
EV/FCF = 11.43x (Enterprise Value 13.3b / FCF TTM 1.17b)
FCF Yield = 8.75% (FCF TTM 1.17b / Enterprise Value 13.3b)
FCF Margin = 10.43% (FCF TTM 1.17b / Revenue TTM 11.2b)
Net Margin = -18.85% (Net Income TTM -2.11b / Revenue TTM 11.2b)
Gross Margin = 37.83% ((Revenue TTM 11.2b - Cost of Revenue TTM 6.96b) / Revenue TTM)
Gross Margin QoQ = 38.16% (prev 33.06%)
Tobins Q-Ratio = 0.60 (Enterprise Value 13.3b / Total Assets 22.4b)
Interest Expense / Debt = 3.60% (Interest Expense 227.5m / Debt 6.32b)
Taxrate = 22.91% (44.6m / 194.7m)
NOPAT = -1.75b (EBIT -2.28b * (1 - 22.91%)) [loss with tax shield]
Current Ratio = 0.54 (Total Current Assets 2.74b / Total Current Liabilities 5.12b)
Debt / Equity = 0.63 (Debt 6.32b / totalStockholderEquity, last quarter 10.1b)
Debt / EBITDA = -3.84 (negative EBITDA) (Net Debt 5.94b / EBITDA -1.55b)
Debt / FCF = 5.09 (Net Debt 5.94b / FCF TTM 1.17b)
Total Stockholder Equity = 11.0b (last 4 quarters mean from totalStockholderEquity)
RoA = -8.73% (Net Income -2.11b / Total Assets 22.4b)
RoE = -19.15% (Net Income TTM -2.11b / Total Stockholder Equity 11.0b)
RoCE = -15.31% (EBIT -2.28b / Capital Employed (Equity 11.0b + L.T.Debt 3.85b))
RoIC = -9.10% (negative operating profit) (NOPAT -1.75b / Invested Capital 19.3b)
WACC = 4.58% (E(7.39b)/V(13.7b) * Re(6.12%) + D(6.32b)/V(13.7b) * Rd(3.60%) * (1-Tc(0.23)))
Discount Rate = 6.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -5.79%
[DCF] Terminal Value 76.23% ; FCFF base≈1.14b ; Y1≈1.20b ; Y5≈1.41b
[DCF] Fair Price = 90.06 (EV 21.7b - Net Debt 5.94b = Equity 15.8b / Shares 175.2m; r=8.35% [WACC [floored]]; 5y FCF grow 6.30% → 2.50% )
EPS Correlation: 28.04 | EPS CAGR: 1.66% | SUE: 2.20 | # QB: 1
Revenue Correlation: -51.56 | Revenue CAGR: -1.46% | SUE: 0.30 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.53 | Chg30d=-0.09% | Revisions=-79% | Analysts=15
EPS next Quarter (2026-09-30): EPS=1.52 | Chg30d=+0.05% | Revisions=-11% | Analysts=15
EPS current Year (2026-12-31): EPS=4.75 | Chg30d=-0.07% | Revisions=+60% | GrowthEPS=-12.3% | GrowthRev=-0.1%
EPS next Year (2027-12-31): EPS=4.99 | Chg30d=-0.38% | Revisions=+0% | GrowthEPS=+5.0% | GrowthRev=+0.4%
[Analyst] Revisions Ratio: -79%