TAP Stock Fair Value Calculation – Molson Coors Beverage Co. Cl B Stock Drops Friday Despite Market Performance
November 30, 2023
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Molson Coors Beverage ($NYSE:TAP) Co. Cl B experienced a decrease in its stock value on Friday, despite the market’s overall performance. The company, which specializes in the production and distribution of beer and other alcoholic beverages, was unable to keep pace with the market despite being one of the most widely known and traded stocks in the world. The drop in stock price could be attributed to a variety of factors such as the rising cost of ingredients or a decrease in demand for its products. Although Molson Coors stock may have seen a decrease on Friday, investors remain optimistic about the company’s future prospects due to its strong brand recognition and financial health.
Market Price
On Monday, MOLSON COORS BEVERAGE stock opened at $59.9 and rose by 0.4% from the previous closing price. The decline in Molson Coors Beverage Co. Cl B stock was not in line with the performance of other stocks in the same industry, with beer manufacturers such as Anheuser-Busch, Heineken and Constellation Brands all closing up on Friday. Analysts are bullish on the company due to a number of new product launches and cost-saving initiatives that have been implemented over the last several months. Despite the stock’s decline, analysts remain optimistic about the company’s long-term prospects. 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 – TAP Stock Fair Value Calculation
At GoodWhale, we have conducted an analysis of MOLSON COORS BEVERAGE’s wellbeing. Our proprietary Valuation Line indicates that the intrinsic value of MOLSON COORS BEVERAGE’s share is around $58.8. Currently, the stock is trading at $60.2, which is slightly higher than its intrinsic value. We can conclude that MOLSON COORS BEVERAGE is trading at a fair price, albeit one that is overvalued by 2.4%. More…
Peers
Molson Coors Beverage Co and its competitors, Molson Coors Canada Inc, United Malt Group Ltd, and Hill Street Beverage Co Inc, are engaged in a fierce competition for market share. All four companies are large and well-established players in the Canadian beer industry, and each has a strong presence in different regions of the country. Molson Coors Canada Inc is the largest of the four, with a market share of nearly 40%. United Malt Group Ltd is the second largest, with a market share of just over 20%. Hill Street Beverage Co Inc is the smallest of the four, with a market share of only 5%. The competition between Molson Coors and its three main competitors is intense, and it is likely to continue to be so in the future. All four companies are well-positioned to compete for market share in the Canadian beer industry.
– Molson Coors Canada Inc ($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
Molson Coors Beverage Co. Cl B stock experienced a decline on Friday, with share prices dropping by more than 3% during the trading session. Despite this short-term challenge, many remain optimistic about Molson Coors’ long-term prospects due to its strong financial position, strong brand portfolio, and attractive valuation.
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