Molson Coors Beverage Co. Cl B Stock Soars on Friday, Outperforming Market
December 23, 2023
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Molson Coors Beverage ($NYSE:TAP) Co. Cl B (TAP) stock experienced a substantial increase on Friday, outperforming the market. Molson Coors Beverage Co. is a leading global brewer that operates in five countries with a portfolio of iconic beer brands, including Coors Light, Molson Canadian, Carling, and Staropramen. It is the second-largest brewer in Canada, as well as the fifth-largest brewer in the United States. In addition to beer, Molson Coors also produces value-added beverages, including Ready-to-Drink cocktails, hard seltzers, and ciders.
Price History
It opened at $61.4 and closed at the same price for the day, outperforming the market. This could indicate increased confidence in the company’s future performance from the investing public. It remains to be seen whether Molson Coors will continue to experience strong performance in the coming weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TAP. More…
| Total Revenues | Net Income | Net Margin |
| 11.54k | 255.1 | 8.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TAP. More…
| Operations | Investing | Financing |
| 1.99k | -788.7 | -945.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TAP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 26.57k | 13.08k | 61.41 |
Key Ratios Snapshot
Some of the financial key ratios for TAP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.4% | 3.1% | 6.3% |
| FCF Margin | ROE | ROA |
| 11.8% | 3.5% | 1.7% |
Analysis
GoodWhale has conducted an analysis of MOLSON COORS BEVERAGE’s fundamentals and based on our Star Chart, we have concluded that the company has a high health score of 7/10. This suggests that MOLSON COORS BEVERAGE has a strong capacity to pay off debt and fund future operations. We classify MOLSON COORS BEVERAGE as a ‘rhino’, which indicates that the company has achieved moderate revenue or earnings growth. Given this information, investors looking for strong dividends and moderate growth may find MOLSON COORS BEVERAGE to be an attractive investment. While the company is strong in dividend, it is medium in terms of growth, profitability and asset. More…
Peers
Molson Coors Beverage Co and its competitors, Molson Coors Canada Inc, United Malt Group Ltd, and Hill Street Beverage Co Inc, are engaged in a fierce competition for market share. All four companies are large and well-established players in the Canadian beer industry, and each has a strong presence in different regions of the country. Molson Coors Canada Inc is the largest of the four, with a market share of nearly 40%. United Malt Group Ltd is the second largest, with a market share of just over 20%. Hill Street Beverage Co Inc is the smallest of the four, with a market share of only 5%. The competition between Molson Coors and its three main competitors is intense, and it is likely to continue to be so in the future. All four companies are well-positioned to compete for market share in the Canadian beer industry.
– Molson Coors Canada Inc ($TSX:TPX.B)
Molson Coors Canada Inc is a brewing company that has a market cap of 14.53B as of 2022. The company has a Return on Equity of 7.25%. The company produces and sells beer, wine, and spirits.
– United Malt Group Ltd ($ASX:UMG)
United Malt Group Ltd is a Australian-based company engaged in the manufacture and supply of malt products to the brewing, distilling and food industries. The Company’s segments include Australia and New Zealand, Europe, Asia Pacific, North America and South America. It offers a range of products, including base malts, specialty malts, malt extracts, malt flours, pre-gelatinized malt flours, malt syrups and maltodextrins. The Company’s products are used in the production of beer, whisky, vodka, gin, rum, tequila, cider, non-alcoholic malt beverages and food.
– Hill Street Beverage Co Inc ($TSXV:HILL)
Hill Street Beverage Co Inc, a Canadian company, is in the business of alcohol-free beer, wine, and spirits. The company’s products are available in over 10,000 stores across Canada. Hill Street Beverage Co Inc has a market cap of 5.57M as of 2022. The company’s Return on Equity is -90.22%.
Summary
Analysts believe that the company’s long-term growth prospects remain intact despite the current economic uncertainties. They point to Molson Coors’s strong balance sheet, strong operating cash flow and low debt levels as factors that should help it weather any potential economic slowdown. Analysts also believe that Molson Coors’s portfolio of well-known beer brands, which include Coors Light and Miller Lite, give it competitive advantages, which should help it to remain a formidable competitor in the beverage industry. In addition, analysts note that Molson Coors is well-positioned to benefit from the trend towards premium beer products, given its long-established presence in the sector.
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