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Molson Coors
(NYSE:TAP)
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Rating:57Neutral
Price Target:
$39.00
▼(-7.16% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weakened profitability and revenue pressure (TTM losses and negative operating profit) and continued near-term margin headwinds cited on the earnings call. Supporting the rating are resilient free cash flow, manageable leverage with clear deleveraging targets, and a moderately improving technical picture, while valuation is only partly supportive due to a strong dividend yield but loss-driven negative P/E.
Positive Factors
Resilient Cash Generation
Positive free cash flow despite reported losses indicates that Molson Coors is still converting operations into cash, supporting investment, debt service, and shareholder returns. If sustained, this provides resilience while management works to restore accounting profitability.
Negative Factors
Severe Profitability Deterioration
The shift from solid historical profitability to a TTM net loss and negative operating profit is a material weakening of earnings quality. Even with steady gross margin, elevated operating costs and charges currently prevent revenue from translating into durable bottom-line earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient Cash Generation
Positive free cash flow despite reported losses indicates that Molson Coors is still converting operations into cash, supporting investment, debt service, and shareholder returns. If sustained, this provides resilience while management works to restore accounting profitability.
Read all positive factors
Molson Coors Key Performance Indicators (KPIs)
Any
Net Sales by Geography
Displays sales totals across territories to indicate where Molson Coors is growing or shrinking, helping investors judge market diversification, pricing power and reliance on specific regions.
Displays sales totals across territories to indicate where Molson Coors is growing or shrinking, helping investors judge market diversification, pricing power and reliance on specific regions.
Data provided by:
The Fly
The FlyMolson Coors (TAP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.40B
Dividend Yield4.83%
Average Volume (3M)4.78M
Price to Earnings (P/E)―
Beta (1Y)0.21
Revenue Growth-1.77%
EPS Growth-326.16%
CountryUS
Employees16,200
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)-11.53
Shares Outstanding174,118,000
10 Day Avg. Volume3,165,719
30 Day Avg. Volume4,784,859
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.89
Price to Sales (P/S)0.82
P/FCF Ratio8.53
Enterprise Value/Market Cap1.81
Enterprise Value/Revenue1.21
Enterprise Value/Gross Profit3.34
Enterprise Value/Ebitda-7.29
Forecast
1Y Price Target
$43.07Price Target Upside2.53% Upside
Rating ConsensusHold
Number of Analyst Covering14
EPS Forecast (FY)4.69
Revenue Forecast (FY)$11.05B
Molson Coors Business Overview & Revenue Model
Company Description
Molson Coors Beverage Company is a global entity engaged in the production, marketing, and sale of a diverse range of beer and other malt-based beverages. Its extensive operations span the Americas, Europe, the Middle East, Africa, and the Asia Pa...
How the Company Makes Money
Molson Coors makes money primarily by selling beverage products—led by beer—through a mix of off-premise retail and on-premise hospitality channels. Revenue is generated from (1) packaged product sales to wholesalers and retailers (including large...
Molson Coors Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: material near-term financial pressures (notably a ~28% decline in underlying pretax income, COGS inflation and volume headwinds) are balanced by strategic progress—portfolio expansion (Monaco, Fever-Tree momentum), targeted brand wins (Peroni, Coors Banquet, Keystone innovations), active cost-savings and supply‑chain investments, and a resilient balance sheet that supports capital deployment. Management reaffirmed guidance and highlighted actions to mitigate inflation and improve commercial execution, but significant margin compression and competitive volatility keep the tone cautious.Positive Updates
Reaffirmed Fiscal 2026 Guidance
Management reaffirmed full-year 2026 guidance, signaling confidence in available levers (pricing, mix, cost savings, portfolio actions) despite near-term volatility.
Negative Updates
Decline in Underlying Profitability
Underlying pretax income decreased 27.8% year-over-year and underlying diluted earnings per share declined 22.9%, reflecting material margin pressure in the quarter.
Read all updates
Q2-2026 Updates
Positive
Negative
Reaffirmed Fiscal 2026 Guidance
Management reaffirmed full-year 2026 guidance, signaling confidence in available levers (pricing, mix, cost savings, portfolio actions) despite near-term volatility.
Read all positive updates
Company Guidance
Molson Coors reaffirmed its fiscal 2026 guidance while acknowledging Q2 pressure (constant‑currency consolidated net sales down 3.6%, underlying pretax income down 27.8% and underlying EPS down 22.9%) and saying it still expects full‑year U.S. industry volume to be an improvement versus 2025’s ~‑5% (Q1 internal est. ‑1.6%, Q2 ‑4.2%), with U.S. shipments anticipated to slightly outpace brand volumes in H2 and pricing of roughly 1–2% annually; the company now expects Midwest Premium inflation to be in excess of $130M for the year (Q2 impact ~ $40M), sees continued commodity and fuel cost pressure through H2 partially offset by hedges, a 3‑year $450M cost‑savings program and productivity actions, and expects MG&A to decline in H2 versus prior year, while balance‑sheet and capital allocation metrics include net debt/underlying EBITDA of 2.53x (aiming for <2.5x by year‑end), $650M of global CapEx allocations, nine months of NSR/profit from the Monaco acquisition, $90M of dividends paid, 1M shares repurchased for $42M (15.3% of Class B repurchased since Oct‑2023) and $2.35B of buyback authorization remaining.Molson Coors Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.08B | 11.14B | 11.63B | 11.70B | 10.70B | 10.28B |
| Gross Profit | 4.01B | 4.19B | 4.53B | 4.37B | 3.66B | 4.05B |
| EBITDA | -1.84B | -1.61B | 2.55B | 2.17B | 872.90M | 2.29B |
| Net Income | -2.31B | -2.14B | 1.12B | 948.90M | -175.30M | 1.01B |
Balance Sheet | ||||||
| Total Assets | 24.36B | 22.74B | 26.06B | 26.38B | 25.87B | 27.62B |
| Cash, Cash Equivalents and Short-Term Investments | 2.13B | 896.50M | 969.30M | 868.90M | 600.00M | 637.40M |
| Total Debt | 7.71B | 6.30B | 6.19B | 6.27B | 6.61B | 7.21B |
| Total Liabilities | 13.95B | 12.20B | 12.61B | 12.94B | 12.95B | 13.95B |
| Stockholders Equity | 10.12B | 10.23B | 13.09B | 13.20B | 12.69B | 13.42B |
Cash Flow | ||||||
| Free Cash Flow | 1.33B | 1.07B | 1.24B | 1.41B | 840.60M | 1.05B |
| Operating Cash Flow | 1.98B | 1.78B | 1.91B | 2.08B | 1.50B | 1.57B |
| Investing Cash Flow | -921.80M | -822.10M | -648.00M | -841.70M | -625.10M | -509.90M |
| Financing Cash Flow | 476.30M | -1.06B | -1.14B | -981.40M | -889.50M | -1.17B |
Molson Coors Technical Analysis
Neutral
42.01
Price Trends
39.25
Positive
39.56
Negative
42.01
Negative
Market Momentum
>-0.01
Negative
61.45
Neutral
85.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TAP, the sentiment is Neutral. The current price of 42.01 is above the 20-day moving average (MA) of 37.27, above the 50-day MA of 39.25, and above the 200-day MA of 42.01, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 61.45 is Neutral, neither overbought nor oversold. The STOCH value of 85.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TAP.
Molson Coors Risk Analysis
Molson Coors disclosed 41 risk factors in its most recent earnings report. Molson Coors reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Molson Coors Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $51.47B | 16.19 | 18.13% | 3.68% | 4.24% | 19.95% | |
69 Neutral | $22.23B | 11.77 | 23.58% | 3.16% | -4.31% | 62.57% | |
66 Neutral | $164.68B | 13.97 | 12.72% | 1.63% | 6.60% | 31.61% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | $2.02B | 19.09 | 6.96% | 2.62% | 0.56% | -28.00% | |
57 Neutral | $7.40B | -3.43 | -22.65% | 4.83% | -1.77% | -326.16% | |
55 Neutral | $1.86B | -26.63 | -8.89% | ― | -6.06% | -195.51% |
* Consumer Defensive Sector Average
TAP
Molson Coors
39.52
-5.07
-11.37%
BUD
Anheuser-Busch Inbev Sa
82.59
21.35
34.87%
SAM
Boston Beer
180.82
-39.23
-17.83%
CCU
Compania Cervecerias Unidas SA
10.89
-1.55
-12.47%
STZ
Constellation Brands
131.35
-5.87
-4.28%
ABEV
Ambev SA
3.29
1.13
52.53%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.