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Molson Coors Canada

TSX:TPX.B
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TPX.B
TSX
CA$1B
Market Cap
  1. Home
  2. CA
  3. Food, Beverage & Tobacco
Company description

Molson Coors Canada Inc. brews, markets, sells, and distributes various beer brands in Canada. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
TPX.B Share Price and Events
7 Day Returns
-1.1%
TSX:TPX.B
0.3%
CA Beverage
0.6%
CA Market
1 Year Returns
-20.2%
TSX:TPX.B
-14.6%
CA Beverage
7.1%
CA Market
TPX.B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Molson Coors Canada (TPX.B) -1.1% -7.5% -2.1% -20.2% -46.6% -17.9%
CA Beverage 0.3% -1.6% -1.3% -14.6% -19.2% 33.4%
CA Market 0.6% 3.2% 4.3% 7.1% 7.8% 8.2%
1 Year Return vs Industry and Market
  • TPX.B underperformed the Beverage industry which returned -14.6% over the past year.
  • TPX.B underperformed the Market in Canada which returned 7.1% over the past year.
Price Volatility
TPX.B
Industry
5yr Volatility vs Market

Value

 Is Molson Coors Canada undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Molson Coors Canada to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Molson Coors Canada.

TSX:TPX.B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in USD $ 2.218375
Payout Ratio Company Filings (2019-09-30) -861.4%
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:TPX.B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.5
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.504 (1 + (1- 26.5%) (646.46%))
0.577
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.8 * 5.96%)
6.72%

Discounted Cash Flow Calculation for TSX:TPX.B using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Molson Coors Canada is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

TSX:TPX.B Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $2.22 / (6.72% - 1.95%)
$30.17
TSX:TPX.B Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:TPX.B)
1.323
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $22.81 x 1.323
CA$30.17
Value per share (CAD) From above. CA$30.17
Current discount Discount to share price of CA$71.00
= -1 x (CA$71.00 - CA$30.17) / CA$30.17
-135.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Molson Coors Canada is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Molson Coors Canada's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Molson Coors Canada's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:TPX.B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-39.85
TSX:TPX.B Share Price ** TSX (2019-11-15) in CAD CA$71
TSX:TPX.B Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.756 $53.68
North America Beverage Industry PE Ratio Median Figure of 19 Publicly-Listed Beverage Companies 28.12x
Canada Market PE Ratio Median Figure of 516 Publicly-Listed Companies 14.55x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Molson Coors Canada.

TSX:TPX.B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TPX.B Share Price ÷ EPS (both in USD)

= 53.68 ÷ -39.85

-1.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Molson Coors Canada is loss making, we can't compare its value to the North America Beverage industry average.
  • Molson Coors Canada is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Molson Coors Canada's expected growth come at a high price?
Raw Data
TSX:TPX.B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Beverage Industry PEG Ratio Median Figure of 15 Publicly-Listed Beverage Companies 1.66x
Canada Market PEG Ratio Median Figure of 239 Publicly-Listed Companies 1.1x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Molson Coors Canada, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Molson Coors Canada's assets?
Raw Data
TSX:TPX.B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $91.18
TSX:TPX.B Share Price * TSX (2019-11-15) in CAD CA$71
TSX:TPX.B Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.756 $53.68
Canada Beverage Industry PB Ratio Median Figure of 9 Publicly-Listed Beverage Companies 2.13x
Canada Market PB Ratio Median Figure of 2,288 Publicly-Listed Companies 1.29x
TSX:TPX.B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TPX.B Share Price ÷ Book Value per Share (both in USD)

= 53.68 ÷ 91.18

0.59x

* Primary Listing of Molson Coors Canada.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Molson Coors Canada is good value based on assets compared to the CA Beverage industry average.
X
Value checks
We assess Molson Coors Canada's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Molson Coors Canada has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Molson Coors Canada expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Molson Coors Canada has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
84.4%
Expected Beverage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Molson Coors Canada expected to grow at an attractive rate?
  • Unable to compare Molson Coors Canada's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Molson Coors Canada's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Molson Coors Canada's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:TPX.B Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Beverage Industry Earnings Growth Rate Market Cap Weighted Average 84.4%
North America Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:TPX.B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:TPX.B Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 2,498 230 -697
2019-06-30 2,514 230 -29
2019-03-31 2,567 272 90
2018-12-31 2,592 332 5
2018-09-30 2,606 508 94
2018-06-30 2,585 785 12
2018-03-31 2,517 794 -195
2017-12-31 2,520 819 -92
2017-09-30 2,402 849 -800
2017-06-30 2,240 313 -695
2017-03-31 2,118 237 -584
2016-12-31 1,993 245 -457

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Molson Coors Canada is high growth as no earnings estimate data is available.
  • Unable to determine if Molson Coors Canada is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:TPX.B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Molson Coors Canada Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TPX.B Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -39.85
2019-06-30 -1.65
2019-03-31 5.13
2018-12-31 0.26
2018-09-30 5.36
2018-06-30
2018-03-31
2017-12-31 -5.25
2017-09-30
2017-06-30
2017-03-31
2016-12-31 -25.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Molson Coors Canada will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Molson Coors Canada's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  2. Molson Coors Canada's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Molson Coors Canada's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Molson Coors Canada has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Molson Coors Canada performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Molson Coors Canada's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Molson Coors Canada does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Molson Coors Canada's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Molson Coors Canada's 1-year growth to the North America Beverage industry average as it is not currently profitable.
Earnings and Revenue History
Molson Coors Canada's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Molson Coors Canada Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TPX.B Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,497.90 -697.40 453.10
2019-06-30 2,513.60 -28.90 450.20
2019-03-31 2,567.00 90.20 435.00
2018-12-31 2,591.70 4.50 421.40
2018-09-30 2,605.80 94.40 377.20
2018-06-30 2,584.90 11.70 271.00
2018-03-31 2,517.00 -195.00 320.30
2017-12-31 2,520.10 -92.30 368.10
2017-09-30 2,402.20 -800.10 365.60
2017-06-30 2,240.00 -694.90 484.20
2017-03-31 2,118.20 -583.80 503.00
2016-12-31 1,993.30 -457.40 479.00
2016-09-30 1,995.60 212.20 538.10
2016-06-30 2,053.70 -115.20 557.10
2016-03-31 2,055.10 -62.10 543.10
2015-12-31 2,055.30 -174.60 540.90
2015-09-30 1,771.90 -220.50 486.50
2015-06-30 1,485.60 -263.60 429.10
2015-03-31 1,245.90 -253.50 370.70
2014-12-31 2,362.30 -4.80 589.40
2014-09-30 1,068.50 -292.80 282.20
2014-06-30 1,106.90 -44.50 302.50
2014-03-31 1,100.50 -129.80 293.60
2013-12-31 1,086.80 -226.10 309.50
2013-09-28 1,097.20 -199.80 259.60
2013-06-29 1,078.40 -136.60 261.30
2013-03-30 894.20 -207.70 208.30
2012-12-29 753.20 -185.50 148.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Molson Coors Canada has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Molson Coors Canada has efficiently used its assets last year compared to the North America Beverage industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Molson Coors Canada improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Molson Coors Canada's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Molson Coors Canada has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Molson Coors Canada's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Molson Coors Canada's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Molson Coors Canada's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Molson Coors Canada's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Molson Coors Canada's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Molson Coors Canada Company Filings, last reported 1 month ago.

TSX:TPX.B Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,839.80 6,089.60 315.80
2019-06-30 2,692.30 6,239.10 307.50
2019-03-31 2,686.50 6,134.70 196.20
2018-12-31 2,707.60 6,051.30 386.00
2018-09-30 2,581.10 6,275.90 418.40
2018-06-30 2,587.60 6,225.30 290.80
2018-03-31 2,686.20 6,443.70 161.40
2017-12-31 2,783.20 6,398.00 271.10
2017-09-30 2,077.00 6,506.40 396.50
2017-06-30 2,385.40 6,243.70 322.20
2017-03-31 2,298.60 5,990.70 261.70
2016-12-31 2,276.50 5,881.70 272.10
2016-09-30 2,453.10 6,586.20 255.40
2016-06-30 3,753.10 5,276.90 174.80
2016-03-31 3,199.30 5,154.30 120.70
2015-12-31 3,812.70 4,787.50 178.30
2015-09-30 2,705.50 5,112.40 169.70
2015-06-30 2,820.80 5,379.90 129.60
2015-03-31 2,680.00 5,320.70 98.70
2014-12-31 2,969.20 5,744.60 113.00
2014-09-30 2,830.60 6,096.40 183.30
2014-06-30 3,261.40 6,420.60 165.00
2014-03-31 3,118.70 6,088.90 200.70
2013-12-31 3,011.50 6,284.50 103.00
2013-09-28 3,335.30 6,520.80 194.70
2013-06-29 3,146.30 6,439.00 158.90
2013-03-30 2,633.80 6,944.60 144.40
2012-12-29 2,114.90 7,109.40 184.90
  • Molson Coors Canada's level of debt (331%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (215.1% vs 331% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Molson Coors Canada has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Molson Coors Canada has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -11.1% per year.
X
Financial health checks
We assess Molson Coors Canada's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Molson Coors Canada has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Molson Coors Canada's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.13%
Current annual income from Molson Coors Canada dividends.
If you bought CA$2,000 of Molson Coors Canada shares you are expected to receive CA$83 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Molson Coors Canada's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2%).
  • Molson Coors Canada's dividend is below the markets top 25% of dividend payers in Canada (5.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:TPX.B Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Beverage Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 329 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:TPX.B Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-18 2.218 3.986
2019-05-24 1.626 2.885
2018-11-16 1.546 2.509
2017-02-14 1.573 2.019
2016-02-12 1.427 1.530
2015-02-12 1.115 1.603
2014-11-13 1.324 1.881
2014-07-24 1.400 1.944
2014-05-20 1.461 2.089

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Molson Coors Canada has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Molson Coors Canada only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Molson Coors Canada's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Molson Coors Canada's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Molson Coors Canada afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Molson Coors Canada has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Molson Coors Canada's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Frederic Landtmeters
AGE 45
TENURE AS CEO 3.1 years
CEO Bio

Mr. Frederic Landtmeters has been Chief Executive Officer and President of Molson Coors Canada Inc. at Molson Coors Brewing Company since October 14, 2016 and served as its Managing Director of UK & Ireland since January 1, 2015 until October 14, 2016. Mr. Landtmeters has a 15-year marketing experience in various FMCG companies. Mr. Landtmeters served as the Chief Commercial Officer of Molson Coors Central Europe of Molson Coors Brewing Company since January 2013 until January 2015. Mr. Landtmeters served as Chief Marketing Officer of Molson Coors Central Europe (also known as StarBev) since 2010 until 2012. Prior to joining StarBev he spent 4 years in AB InBev, where he held the positions of Marketing Director Benelux & France from 2006 to 2010 and Global Brand Director Beck´s from 2006 to 2008. He worked for the brewing sector. He worked with Cadbury Schweppes from 1998 to 2006 and Procter & Gamble from 1996 to 1998 in various marketing positions for markets across Europe, Middle East and North Africa. He has held a number of senior leadership positions with Cadbury-Schweppes and ABInBev since joining the drinks industry in 1998. He is a proven commercial leader with an exceptional track record in building great beer brands. He has been a Director of Golden Acquisition since January 28, 2015. Mr. Landtmeters graduated from the Faculty of Economics at the University of Antwerp, Belgium.

CEO Compensation
  • Insufficient data for Frederic to compare compensation growth.
  • Insufficient data for Frederic to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team

Frederic Landtmeters

TITLE
CEO & President
AGE
45
TENURE
3.1 yrs

Kelly Brown

TITLE
Chief Administrative Officer
AGE
48

Paul Holden

TITLE
Vice President of Legal and Industry Affairs

Andrew Stordeur

TITLE
Chief Sales & Customer Excellence Officer
AGE
40
TENURE
1.8 yrs

Amy Michtich

TITLE
Chief Supply Chain Officer
AGE
50
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Molson Coors Canada's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Molson Coors Canada has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Buy Molson Coors Canada Inc. (TSE:TPX.B) For Its 4.2% Dividend?

(TSE:TPX.B) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. With a five-year payment history and a 4.2% yield, many investors probably find Molson Coors Canada intriguing. We'd agree the yield does look enticing. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. We'll run through some checks below to help with this. Click the interactive chart for our full dividend analysis TSX:TPX.B Historical Dividend Yield, August 19th 2019 Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. So we need to form a view on if a company's dividend is sustainable, relative to its net profit after tax. While Molson Coors Canada pays a dividend, it reported a loss over the last year. When a company is loss-making, we next need to check to see if its cash flows can support the dividend. Unfortunately, while Molson Coors Canada pays a dividend, it also reported negative free cash flow last year. While there may be a good reason for this, it's not ideal from a dividend perspective. Is Molson Coors Canada's Balance Sheet Risky? Given Molson Coors Canada is paying a dividend but reported a loss over the past year, we need to check its balance sheet for signs of financial distress. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. Net debt to EBITDA is a measure of a company's total debt. Net interest cover measures the ability to meet interest payments. Essentially we check that a) the company does not have too much debt, and b) that it can afford to pay the interest. … Molson Coors Canada has been paying a dividend for the past five years. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Molson Coors Canada has grown its earnings per share at 78% per annum over the past five years.

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Could The Molson Coors Canada Inc. (TSE:TPX.B) Ownership Structure Tell Us Something Useful?

See our latest analysis for Molson Coors Canada TSX:TPX.B Ownership Summary, July 2nd 2019 What Does The Institutional Ownership Tell Us About Molson Coors Canada? … We can see that Molson Coors Canada does have institutional investors; and they hold 14% of the stock. … Insider Ownership Of Molson Coors Canada The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

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Why We’re Not Impressed By Molson Coors Canada Inc.’s (TSE:TPX.B) 1.5% ROCE

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Molson Coors Canada: 0.015 = US$143m ÷ (US$11b - US$1.4b) (Based on the trailing twelve months to March 2019.) Therefore, Molson Coors Canada has an ROCE of 1.5%. … View our latest analysis for Molson Coors Canada Is Molson Coors Canada's ROCE Good? … Do Molson Coors Canada's Current Liabilities Skew Its ROCE?

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Is Molson Coors Canada Inc. (TSE:TPX.B) A Good Dividend Stock?

Dividend paying stocks like Molson Coors Canada Inc. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … Investors might not know much about Molson Coors Canada's dividend prospects, even though it has been paying dividends for the last five years and offers a 2.4% yield.

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Can You Imagine How Molson Coors Canada's Shareholders Feel About The 33% Share Price Increase?

While Molson Coors Canada made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. … As a general rule, if the market is looking past earnings to focus on revenue, there is a hope for, or expectation of, strong growth. … In the last 5 years Molson Coors Canada saw its revenue grow at 16% per year.

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Shareholders Should Look Hard At Molson Coors Canada Inc.’s (TSE:TPX.B) 2.2% Return On Capital

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

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Can We See Significant Insider Ownership On The Molson Coors Canada Inc (TSE:TPX.B) Share Register?

If you want to know who really controls Molson Coors Canada Inc (TSE:TPX.B), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … View our latest analysis for Molson Coors Canada

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Is Molson Coors Canada Inc (TSE:TPX.B) A Strong Dividend Stock?

Molson Coors Canada Inc (TSE:TPX.B) has recently paid dividends to shareholders, and currently yields 2.6%. … Let's dig deeper into whether Molson Coors Canada should have a place in your portfolio. … View our latest analysis for Molson Coors Canada

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What You Must Know About Molson Coors Canada Inc's (TSE:TPX.B) Return on Equity

Molson Coors Canada Inc (TSE:TPX.B) generated a below-average return on equity of 1.2% in the past 12 months, while its industry returned 7.6%. … Knowing these components can change your views on TPX.B's below-average returns. … Check out our latest analysis for Molson Coors Canada

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Should You Be Concerned About Molson Coors Canada Inc's (TSE:TPX.B) Earnings Growth?

Examining Molson Coors Canada Inc's (TSE:TPX.B) past track record of performance is a useful exercise for investors. … See our latest analysis for Molson Coors Canada? … Did TPX.B perform better than its track record and industry.

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Company Info

Description

Molson Coors Canada Inc. brews, markets, sells, and distributes various beer brands in Canada. The company’s beer brands include Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Staropramen, Carling, Molson Canadian, Creemore Springs, Cobra, Doom Bar, Henry's Hard, and Leinenkugel's. It sells its products to bars, restaurants, convenience stores, grocery stores, liquor stores, and other specialty retail outlets. The company was founded in 1786 and is headquartered in Montreal, Canada. Molson Coors Canada Inc. is a subsidiary of Molson Coors Brewing Company.

Details
Name: Molson Coors Canada Inc.
TPX.B
Exchange: TSX
Founded: 1786
CA$1,246,023,707
17,551,165
Website: http://www.molsoncoors.com
Address: Molson Coors Canada Inc.
1555 Notre Dame Street East,
Montreal,
Quebec, H2L 2R5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TPX.B Class B Exchangeable Shares The Toronto Stock Exchange CA CAD 09. Feb 2005
OTCPK MXGB.F Class B Exchangeable Shares Pink Sheets LLC US USD 09. Feb 2005
TSX TPX.A Class A Exchangeable Shares The Toronto Stock Exchange CA CAD 09. Feb 2005
Number of employees
Current staff
Staff numbers
0
Molson Coors Canada employees.
Industry
Brewers
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 00:09
End of day share price update: 2019/11/15 00:00
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.