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Molson Coors Beverage

DB:NY7
Snowflake Description

Established dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NY7
DB
$12B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The last earnings update was 9 days ago. More info.


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NY7 Share Price and Events
7 Day Returns
1.5%
DB:NY7
0.1%
DE Beverage
-0.2%
DE Market
1 Year Returns
-3%
DB:NY7
16.1%
DE Beverage
13.7%
DE Market
NY7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Molson Coors Beverage (NY7) 1.5% 1.3% 8.6% -3% -45.3% -25%
DE Beverage 0.1% 4.5% 5.6% 16.1% 35.4% 68.6%
DE Market -0.2% 0.3% 3.7% 13.7% 5.3% 4.7%
1 Year Return vs Industry and Market
  • NY7 underperformed the Beverage industry which returned 16.1% over the past year.
  • NY7 underperformed the Market in Germany which returned 13.7% over the past year.
Price Volatility
NY7
Industry
5yr Volatility vs Market

NY7 Value

 Is Molson Coors Beverage 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 Beverage 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 Beverage.

DB:NY7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:NY7
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.475 (1 + (1- 21%) (77.55%))
0.843
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.843 * 5.44%)
4.2%

Discounted Cash Flow Calculation for DB:NY7 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Molson Coors Beverage is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:NY7 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 4.2%)
2020 1,149.64 Analyst x7 1,103.33
2021 1,273.87 Analyst x7 1,173.30
2022 1,116.77 Analyst x3 987.16
2023 1,089.11 Est @ -2.48% 923.93
2024 1,068.95 Est @ -1.85% 870.30
2025 1,053.85 Est @ -1.41% 823.44
2026 1,042.20 Est @ -1.11% 781.53
2027 1,032.91 Est @ -0.89% 743.37
2028 1,025.26 Est @ -0.74% 708.13
2029 1,018.75 Est @ -0.64% 675.29
Present value of next 10 years cash flows $8,789.00
DB:NY7 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,018.75 × (1 + -0.39%) ÷ (4.2% – -0.39%)
$22,119.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $22,119.95 ÷ (1 + 4.2%)10
$14,662.47
DB:NY7 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $8,789.00 + $14,662.47
$23,451.47
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $23,451.47 / 216.38
$108.38
DB:NY7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NY7 represents 0.92618x of NYSE:TAP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92618x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 108.38 x 0.92618
€100.38
Value per share (EUR) From above. €100.38
Current discount Discount to share price of €51.32
= -1 x (€51.32 - €100.38) / €100.38
48.9%

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

Current Discount
Amount off the current price Molson Coors Beverage is available for.
Intrinsic value
49%
Share price is €51.32 vs Future cash flow value of €100.38
Current Discount Checks
For Molson Coors Beverage to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Molson Coors Beverage's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Molson Coors Beverage's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Beverage's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Molson Coors Beverage's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NY7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.12
NYSE:TAP Share Price ** NYSE (2020-02-21) in USD $55.41
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 29.97x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.9x

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

** Primary Listing of Molson Coors Beverage.

DB:NY7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TAP Share Price ÷ EPS (both in USD)

= 55.41 ÷ 1.12

49.66x

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

  • Molson Coors Beverage is overvalued based on earnings compared to the DE Beverage industry average.
  • Molson Coors Beverage is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Molson Coors Beverage's expected growth come at a high price?
Raw Data
DB:NY7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 49.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
32.2%per year
Europe Beverage Industry PEG Ratio Median Figure of 30 Publicly-Listed Beverage Companies 2.74x
Germany Market PEG Ratio Median Figure of 260 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:NY7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 49.66x ÷ 32.2%

1.54x

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

  • Molson Coors Beverage is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Molson Coors Beverage's assets?
Raw Data
DB:NY7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $62.04
NYSE:TAP Share Price * NYSE (2020-02-21) in USD $55.41
Germany Beverage Industry PB Ratio Median Figure of 7 Publicly-Listed Beverage Companies 2.38x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.9x
DB:NY7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TAP Share Price ÷ Book Value per Share (both in USD)

= 55.41 ÷ 62.04

0.89x

* Primary Listing of Molson Coors Beverage.

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

  • Molson Coors Beverage is good value based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Molson Coors Beverage'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 Beverage has a total score of 3/6, 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.

NY7 Future Performance

 How is Molson Coors Beverage expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

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
32.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Molson Coors Beverage expected to grow at an attractive rate?
  • Molson Coors Beverage's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Molson Coors Beverage's earnings growth is expected to exceed the Germany market average.
  • Molson Coors Beverage's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NY7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NY7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 32.2%
DB:NY7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts -0.3%
Europe Beverage Industry Earnings Growth Rate Market Cap Weighted Average 7.5%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
DB:NY7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NY7 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 10,608 1
2022-12-31 10,461 1,771 945 8
2021-12-31 10,465 1,848 864 13
2020-12-31 10,473 1,701 833 12
2020-02-21
DB:NY7 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 10,579 1,897 242
2019-09-30 10,512 1,828 154
2019-06-30 10,605 1,862 895
2019-03-31 10,741 1,918 990
2018-12-31 10,770 2,331 1,117
2018-09-30 10,931 2,512 1,781
2018-06-30 10,880 2,346 1,729
2018-03-31 10,886 2,300 1,635
2017-12-31 11,003 1,866 1,566
2017-09-30 10,717 1,642 2,281
2017-06-30 8,782 1,663 2,197
2017-03-31 6,677 1,097 2,041

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Molson Coors Beverage's earnings are expected to grow significantly at over 20% yearly.
  • Molson Coors Beverage's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
DB:NY7 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 13 Analyst Estimates (S&P Global) See Below

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

DB:NY7 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 4.40 4.48 4.32 2.00
2021-12-31 3.99 4.24 3.63 6.00
2020-12-31 3.84 4.06 3.66 5.00
2020-02-21
DB:NY7 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.12
2019-09-30 0.71
2019-06-30 4.14
2019-03-31 4.58
2018-12-31 5.17
2018-09-30 8.25
2018-06-30 8.02
2018-03-31 7.58
2017-12-31 7.27
2017-09-30 10.60
2017-06-30 10.22
2017-03-31 9.50

*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.
  • Molson Coors Beverage is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Molson Coors Beverage'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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 Beverage has a total score of 3/6, 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.

NY7 Past Performance

  How has Molson Coors Beverage 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 Beverage'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 Beverage's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Molson Coors Beverage's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Molson Coors Beverage's 1-year earnings growth is negative, it can't be compared to the DE Beverage industry average.
Earnings and Revenue History
Molson Coors Beverage'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 Beverage Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NY7 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 10,579.40 241.70 2,478.90
2019-09-30 10,511.90 154.00 2,485.60
2019-06-30 10,604.50 895.10 2,508.60
2019-03-31 10,741.40 989.80 2,479.80
2018-12-31 10,769.60 1,116.50 2,503.60
2018-09-30 10,930.50 1,780.70 2,601.10
2018-06-30 10,879.50 1,729.40 2,664.50
2018-03-31 10,885.60 1,635.20 2,698.20
2017-12-31 11,002.80 1,565.60 2,711.90
2017-09-30 10,717.20 2,281.40 2,668.90
2017-06-30 8,781.60 2,196.90 2,215.00
2017-03-31 6,676.50 2,041.10 1,792.30
2016-12-31 4,885.00 1,593.90 1,398.30
2016-09-30 3,435.40 573.20 1,008.20
2016-06-30 3,505.20 384.40 1,015.10
2016-03-31 3,524.70 439.60 1,008.60
2015-12-31 3,567.50 391.30 1,001.50
2015-09-30 3,696.90 415.40 1,033.20
2015-06-30 3,847.50 366.00 1,053.90
2015-03-31 4,030.30 427.40 1,093.90
2014-12-31 4,146.30 513.50 1,114.40
2014-09-30 4,200.90 557.20 1,136.40
2014-06-30 4,204.10 726.30 1,131.20
2014-03-31 4,193.60 701.20 1,119.50
2013-12-31 4,206.10 565.30 1,135.10
2013-09-28 4,207.90 488.50 1,116.10
2013-06-29 4,232.20 552.80 1,126.40
2013-03-30 4,053.60 391.50 1,090.90

*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.
  • Molson Coors Beverage has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Molson Coors Beverage used its assets less efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Molson Coors Beverage has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Molson Coors Beverage'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 Beverage has a total score of 2/6, 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.

NY7 Health

 How is Molson Coors Beverage'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 Beverage's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Molson Coors Beverage's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Molson Coors Beverage's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Molson Coors Beverage'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 Beverage Company Filings, last reported 1 month ago.

DB:NY7 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 13,673.10 9,054.70 523.40
2019-09-30 13,406.50 9,336.30 410.20
2019-06-30 14,145.00 9,559.20 490.20
2019-03-31 13,888.10 10,084.80 234.40
2018-12-31 13,735.80 10,500.60 1,057.90
2018-09-30 14,090.00 10,572.30 750.10
2018-06-30 13,796.60 10,866.10 792.90
2018-03-31 13,663.50 11,118.30 197.90
2017-12-31 13,187.30 11,313.50 418.60
2017-09-30 12,696.60 12,320.20 971.30
2017-06-30 12,305.80 11,872.00 502.90
2017-03-31 11,810.30 12,286.40 395.00
2016-12-31 11,621.70 12,072.50 560.90
2016-09-30 9,940.40 9,887.60 9,981.50
2016-06-30 9,871.90 3,027.30 2,990.30
2016-03-31 9,919.30 3,036.90 2,602.90
2015-12-31 7,063.10 2,937.40 430.90
2015-09-30 7,272.70 3,002.10 393.60
2015-06-30 7,631.40 3,155.90 415.60
2015-03-31 7,285.10 3,278.20 317.60
2014-12-31 7,886.10 3,183.30 624.60
2014-09-30 8,422.40 3,457.10 722.30
2014-06-30 8,985.10 3,660.50 506.00
2014-03-31 8,624.70 3,792.70 337.60
2013-12-31 8,630.10 3,799.90 442.30
2013-09-28 8,318.70 3,891.80 406.90
2013-06-29 8,010.80 4,568.10 801.60
2013-03-30 7,796.90 4,651.20 511.50
  • Molson Coors Beverage's level of debt (66.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40.4% vs 66.2% today).
  • Debt is well covered by operating cash flow (21%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.5x coverage).
X
Financial health checks
We assess Molson Coors Beverage'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 Beverage 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.

NY7 Dividends

 What is Molson Coors Beverage'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
4.11%
Current annual income from Molson Coors Beverage dividends. Estimated to be 4.15% next year.
If you bought €2,000 of Molson Coors Beverage shares you are expected to receive €82 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 Beverage's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.31%).
  • Molson Coors Beverage's dividend is above the markets top 25% of dividend payers in Germany (3.65%).
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
DB:NY7 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 13 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:NY7 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.23 1.00
2022-12-31 2.39 8.00
2021-12-31 2.29 12.00
2020-12-31 2.26 12.00
2020-02-21
DB:NY7 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-21 2.280 4.215
2019-07-18 2.280 4.200
2019-05-24 1.640 2.954
2019-02-15 1.640 2.720
2018-11-16 1.640 2.637
2018-07-13 1.640 2.566
2018-05-25 1.640 2.483
2018-02-23 1.640 2.324
2017-11-17 1.640 2.031
2017-07-13 1.640 1.920
2017-05-18 1.640 1.833
2017-02-16 1.640 1.702
2016-11-17 1.640 1.683
2016-07-21 1.640 1.588
2016-05-26 1.640 1.630
2016-02-25 1.640 1.733
2015-11-12 1.640 1.818
2015-07-16 1.640 2.133
2015-05-19 1.640 2.261
2015-02-10 1.640 2.187
2014-11-13 1.480 1.957
2014-07-24 1.480 2.028
2014-05-20 1.480 2.102
2014-02-13 1.480 2.513
2013-11-14 1.280 2.362
2013-07-25 1.280 2.495
2013-05-21 1.280 2.565
2013-02-21 1.280 2.587
2012-11-15 1.280 2.972
2012-07-19 1.280 2.936
2012-05-21 1.280 3.221
2012-02-23 1.280 3.028
2011-11-17 1.280 3.009
2011-07-14 1.280 3.043
2011-05-26 1.280 2.863
2011-02-17 1.120 2.441
2010-11-19 1.120 2.312
2010-08-05 1.120 2.393
2010-05-03 1.120 2.572
2010-02-11 0.960 2.253
2009-11-12 0.960 2.173
2009-08-05 0.960 2.009
2009-05-15 0.960 2.184

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Molson Coors Beverage's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Molson Coors Beverage's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Beverage afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Molson Coors Beverage has a total score of 5/6, see the detailed checks below.


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

NY7 Management

 What is the CEO of Molson Coors Beverage'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
Gavin D. Hattersley
COMPENSATION $4,277,267
AGE 56
TENURE AS CEO 0.4 years
CEO Bio

Mr. Gavin D. K. Hattersley has been the Chief Executive Officer at MillerCoors LLC since September 8, 2015 and has been its President since July 1, 2016. Mr. Hattersley served as Interim Chief Executive Officer at MillerCoors LLC from July 1, 2015 to September 8, 2015. He served as the Global Chief Financial Officer of Molson Coors Brewing Company from June 2012 to November 13, 2015 and Molson Coors Brewing Company (UK) Limited until November 2015. He serves as President and Chief Executive Officer at Molson Coors Brewing Company since September 28, 2019 and serves as its Director since 2019. He served as Executive Vice President for MillerCoors, where he was responsible for establishing strong financial management and commercial disciplines. He served as the Chief Accounting Officer of Molson Coors Brewing Company from May 14, 2013 to February 17, 2014. He served as the Chief Financial Officer and Executive Vice President at MillerCoors since July 1, 2008 until June 2012. He was responsible for establishing strong financial management and commercial disciplines for MillerCoors LLC. He served as Senior Vice President of Finance at Miller Brewing Company, Inc. since October 2002 until July 2008. Prior to Miller, he served as the Chief Financial Officer of SAB Limited in Johannesburg, South Africa since 1999. Prior to joining SAB Limited, he spent almost 10 years at Barloworld Limited. He served as Financial Manager of Beer Division - Operations at SAB Limited since 1998; where he was responsible for all brewery and sales and distribution finances, credit management and finance re-engineering. He began his career at SAB Limited in February 1997 as the Financial Manager of Beer Division - Services, which included responsibility for Employee Benefits, Internal Audit, Company Secretarial and Legal, Treasury and Tax. He was also employed by Barlows Limited for more time, holding various financial positions in its steel tube, motor, earth moving equipment and Namibian divisions. He serves as a Director at MillerCoors LLC. Mr. Hattersley earned a Bachelors Degree in Commerce from the University of South Africa in 1985 and Honors degree in accounting science from University of South Africa in 1986, passed the Public Accountants and Auditors Board exam in 1987 and was admitted as a Chartered Accountant in the same year.

CEO Compensation
  • Gavin D.'s compensation has been consistent with company performance over the past year, both up more than 20%.
  • Gavin D.'s remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Molson Coors Beverage management team in years:

1.3
Average Tenure
52
Average Age
  • The average tenure for the Molson Coors Beverage management team is less than 2 years, this suggests a new team.
Management Team

Gavin D. Hattersley

TITLE
President
COMPENSATION
$4M
AGE
56
TENURE
0.4 yrs

Pete Coors

TITLE
Vice Chairman of the Board & Chief Customer Relations Officer
COMPENSATION
$343K
AGE
72

Tracey Joubert

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
52
TENURE
3.3 yrs

Simon Cox

TITLE
President & CEO of Molson Coors Europe
COMPENSATION
$2M
AGE
51
TENURE
5.1 yrs

Mark Swartzberg

TITLE
Global Vice President of Investor Relations
TENURE
1.3 yrs

E. Reichert

TITLE
Chief Legal & Government Affairs Officer and Secretary
AGE
52
TENURE
2 yrs

Michelle St. Jacques

TITLE
Chief Marketing Officer
AGE
41
TENURE
0.3 yrs

Dave Osswald

TITLE
Chief People and Diversity Officer
TENURE
0.3 yrs

Kandy Anand

TITLE
Chief Growth Officer
COMPENSATION
$2M
AGE
61
TENURE
3.3 yrs

Kevin Doyle

TITLE
President of U.S. Sales
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Molson Coors Beverage board of directors in years:

10.2
Average Tenure
58.5
Average Age
  • The average tenure for the Molson Coors Beverage board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Andrew Molson

TITLE
Chairman of the Board
COMPENSATION
$253K
AGE
51

Gavin D. Hattersley

TITLE
President
COMPENSATION
$4M
AGE
56
TENURE
1.1 yrs

Pete Coors

TITLE
Vice Chairman of the Board & Chief Customer Relations Officer
COMPENSATION
$343K
AGE
72
TENURE
0.8 yrs

Iain John Napier

TITLE
Independent Director
COMPENSATION
$282K
AGE
70
TENURE
11.6 yrs

Louis Vachon

TITLE
Independent Director
COMPENSATION
$281K
AGE
56
TENURE
7.8 yrs

Roger Eaton

TITLE
Independent Director
COMPENSATION
$289K
AGE
58
TENURE
7.7 yrs

Fritz Hobbs

TITLE
Independent Director
COMPENSATION
$286K
AGE
72
TENURE
15 yrs

Charles Herington

TITLE
Independent Director
COMPENSATION
$284K
AGE
59
TENURE
15 yrs

Sandy Riley

TITLE
Independent Director
COMPENSATION
$279K
AGE
68
TENURE
15 yrs

Geoff Molson

TITLE
Director
COMPENSATION
$432K
AGE
49
TENURE
10.2 yrs
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 (€) Value (€)
17. Sep 19 Sell Brian Tabolt Individual 13. Sep 19 13. Sep 19 -1,825 €51.42 €-93,837
X
Management checks
We assess Molson Coors Beverage'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 Beverage 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.

NY7 News

Simply Wall St News

Molson Coors Brewing Company (FRA:NY7): What Does The Future Look Like?

In December 2018, Molson Coors Brewing Company (FRA:NY7) released its most recent earnings announcement, whicha … company

Simply Wall St -

NY7 Company Info

Description

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Cape Line, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands. It also offers various brands, such as Belgian Moon, Coors Original, Aquarelle, Carling, Carling Black Label, Coors Edge, Coors Slice, Exel, Mad Jack, Molson Canadian, Molson Dry, Molson Export, Molson Ultra, Old Style Pilsner, Rickard's, Brasseurs de Montréal, Creemore Springs, Granville Island, Le Trou du Diable, Heineken, Heineken 0.0, Strongbow cider, Dos Equis, and Moretti. In addition, the company provides its products under the Staropramen, Bergenbier, Borsodi, Jelen, Kamenitza, Niksicko, Ozujsko, Aspall Cider, Bavaria, Beck's, Branik, Cobra, Corona Extra, Lowenbrau, Pardubicky Pivovar, Rekorderlig cider, Sharp's Doom Bar, and Stella Artois brand names. Further, it offers its products under the Thunderbolt, Carling Strong, Miller Ace, Miller Chill, Miller Ultra, Singha, and Zima brands. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1873 and is headquartered in Denver, Colorado.

Details
Name: Molson Coors Beverage Company
NY7
Exchange: DB
Founded: 1873
$11,057,963,609
216,381,444
Website: http://www.molsoncoors.com
Address: Molson Coors Beverage Company
1801 California Street,
Suite 4600,
Denver,
Colorado, 80202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TAP Class B Common Stock New York Stock Exchange US USD 12. Jun 1975
DB NY7 Class B Common Stock Deutsche Boerse AG DE EUR 12. Jun 1975
BST NY7 Class B Common Stock Boerse-Stuttgart DE EUR 12. Jun 1975
LSE 0K2K Class B Common Stock London Stock Exchange GB USD 12. Jun 1975
BMV TAP1 * Class B Common Stock Bolsa Mexicana de Valores MX MXN 12. Jun 1975
NYSE TAP.A Class A Common Stock New York Stock Exchange US USD 09. Feb 2005
BOVESPA M1CB34 BDR EACH 1 REPR 1 SHS UNSPON Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
17,700
Molson Coors Beverage employees.
Industry
Brewers
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/21 21:17
End of day share price update: 2020/02/21 00:00
Last estimates confirmation: 2020/02/14
Last earnings filing: 2020/02/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.