Molson Coors Beverage Company (TAP)’s financial ratios: A comprehensive overview

Molson Coors Beverage Company (NYSE: TAP) closed the day trading at $61.11 down -2.30% from the previous closing price of $62.55. In other words, the price has decreased by -$1.44 from its previous closing price. On the day, 1645247 shares were traded. TAP stock price reached its highest trading level at $62.63 during the session, while it also had its lowest trading level at $60.99.

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Ratios:

For a better understanding of TAP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.67. For the most recent quarter (mrq), Quick Ratio is recorded 0.53 and its Current Ratio is at 0.73. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.41.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, HSBC Securities on November 30, 2023, initiated with a Hold rating and assigned the stock a target price of $68.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 03 when Winnefeld James A Jr bought 100 shares for $59.02 per share. The transaction valued at 5,902 led to the insider holds 16,093 shares of the business.

Winnefeld James A Jr bought 100 shares of TAP for $6,708 on Aug 03. The Director now owns 15,993 shares after completing the transaction at $67.08 per share. On May 25, another insider, Molson Geoffrey E., who serves as the Board Chair of the company, sold 1,840 shares for $60.62 each. As a result, the insider received 111,541 and left with 25,904 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TAP now has a Market Capitalization of 13.19B and an Enterprise Value of 18.57B. As of this moment, Molson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.74, and their Forward P/E ratio for the next fiscal year is 11.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 1.61 whereas that against EBITDA is 13.10.

Stock Price History:

Over the past 52 weeks, TAP has reached a high of $70.90, while it has fallen to a 52-week low of $49.32. The 50-Day Moving Average of the stock is 61.55, while the 200-Day Moving Average is calculated to be 62.55.

Shares Statistics:

Over the past 3-months, TAP traded about 1.49M shares per day on average, while over the past 10 days, TAP traded about 1.24M shares per day. A total of 200.00M shares are outstanding, with a floating share count of 193.07M. Insiders hold about 10.52% of the company’s shares, while institutions hold 79.25% stake in the company. Shares short for TAP as of Dec 28, 2023 were 7.37M with a Short Ratio of 7.37M, compared to 8.48M on Nov 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.42% and a Short% of Float of 5.85%.

Dividends & Splits

TAP’s forward annual dividend rate is 1.63, up from 1.61 a year ago. Against a Trailing Annual Dividend Yield of 2.57%, it implies a Forward Annual Dividend Yield of 2.68%. The stock’s 5-year Average Dividend Yield is 2.65.

Earnings Estimates

Current recommendations for the stock of the company come from 14 analysts. On average, analysts expect EPS of $1.12 for the current quarter, with a high estimate of $1.21 and a low estimate of $1.09, while EPS last year was $1.3. The consensus estimate for the next quarter is $0.67, with high estimates of $0.83 and low estimates of $0.49.

Analysts are recommending an EPS of between $5.48 and $5.05 for the fiscal current year, implying an average EPS of $5.33. EPS for the following year is $5.52, with 19 analysts recommending between $5.75 and $5.07.

Revenue Estimates

10 analysts predict $2.77B in revenue for the current quarter. It ranges from a high estimate of $2.81B to a low estimate of $2.73B. As of the current estimate, Molson Coors Beverage Company’s year-ago sales were $2.63B, an estimated increase of 5.50% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $2.47B, an increase of 5.20% less than the figure of $5.50% in the same quarter last year. There is a high estimate of $2.55B for the next quarter, whereas the lowest estimate is $2.4B.

A total of 16 analysts have provided revenue estimates for TAP’s current fiscal year. The highest revenue estimate was $11.77B, while the lowest revenue estimate was $11.64B, resulting in an average revenue estimate of $11.69B. In the same quarter a year ago, actual revenue was $10.7B, up 9.30% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $11.77B in the next fiscal year. The high estimate is $12.02B and the low estimate is $11.57B. The average revenue growth estimate for next year is up 0.60% from the average revenue estimate for this year.

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