Molson Coors Beverage (TAP)
NYSE:TAP
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Molson Coors
(NYSE:TAP)
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Rating:49Neutral
Price Target:
$42.00
▼(-6.77% Downside)
Action:ReiteratedDate:03/21/26
The score is held back primarily by volatile profitability culminating in a large 2025 GAAP loss and by bearish technicals (below key moving averages with negative MACD). Consistently positive free cash flow and a high dividend yield provide support, but are not enough to offset earnings instability and ongoing volume/earnings pressure highlighted in the latest results.
Positive Factors
Consistent Cash Generation
Molson Coors has produced positive operating and free cash flow in each year shown, including loss years. That persistent cash generation provides durable financial flexibility to fund dividends, buybacks, capex and working capital, cushioning the business through volume and earnings cycles.
Negative Factors
Large 2025 GAAP Loss & Impairments
Massive goodwill and intangible impairments in 2025 materially eroded equity and demonstrate sensitivity of reported earnings to asset reviews. Such impairments reduce balance sheet headroom, can limit future M&A or capital allocation flexibility, and indicate structural challenges in asset returns.
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Positive Factors
Negative Factors
Consistent Cash Generation
Molson Coors has produced positive operating and free cash flow in each year shown, including loss years. That persistent cash generation provides durable financial flexibility to fund dividends, buybacks, capex and working capital, cushioning the business through volume and earnings cycles.
Read all positive factors
Molson Coors (TAP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.92B
Dividend Yield4.08%
Average Volume (3M)2.80M
Price to Earnings (P/E)―
Beta (1Y)0.19
Revenue Growth-4.01%
EPS Growth-339.22%
CountryUS
Employees16,800
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)1.21
Shares Outstanding175,592,620
10 Day Avg. Volume2,280,695
30 Day Avg. Volume2,803,867
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 Cap1.53
Enterprise Value/Revenue1.23
Enterprise Value/Gross Profit3.27
Enterprise Value/Ebitda-8.49
Forecast
1Y Price Target
$47.18Price Target Upside4.72% Upside
Rating ConsensusHold
Number of Analyst Covering17
EPS Forecast (FY)4.72
Revenue Forecast (FY)$11.13B
Molson Coors Business Overview & Revenue Model
Company Description
Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink ...
How the Company Makes Money
Molson Coors makes money primarily by selling branded beverages—mainly beer—into various channels and geographies. Revenue is generated when the company sells finished products (kegs, bottles, cans, and other packaged formats) to customers such as...
Molson Coors Key Performance Indicators (KPIs)
Any
Net Sales by Geography
Breaks down revenue by region, showing where Molson Coors is achieving the most sales and highlighting opportunities or risks based on regional market dynamics.
Breaks down revenue by region, showing where Molson Coors is achieving the most sales and highlighting opportunities or risks based on regional market dynamics.
Data provided by:
The Fly
The FlyMolson Coors Earnings Call Summary
Earnings Call Date:Nov 04, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong brand performance in specific areas such as Peroni and Topo Chico, as well as a commitment to returning capital to shareholders. However, significant challenges were noted, including declines in key financial metrics, a large goodwill impairment charge, industry-wide pressures, and necessary restructuring efforts.Positive Updates
Strong Performance of Peroni
Peroni brand volume up 25% in the third quarter with significant runway ahead due to increased media investment and distribution expansion.
Negative Updates
Decline in Third Quarter Financials
Consolidated net sales revenue down 3.3%, underlying pretax income down 11.9%, and underlying earnings per share down 7.2%.
Read all updates
Q3-2025 Updates
Positive
Negative
Strong Performance of Peroni
Peroni brand volume up 25% in the third quarter with significant runway ahead due to increased media investment and distribution expansion.
Read all positive updates
Company Guidance
During Molson Coors Beverage Company's Third Quarter Fiscal Year 2025 earnings call, the company provided guidance indicating a challenging environment with third quarter consolidated net sales revenue down 3.3%, underlying pretax income down 11.9%, and underlying earnings per share down 7.2%. Despite these declines, the company reaffirmed its 2025 guidance, albeit at the low end of the prior range, with expectations that net sales revenue will decline 3% to 4%, underlying pretax income will decline 12% to 15%, and underlying earnings per share will decline 7% to 10%, all on a constant currency basis. Underlying free cash flow is projected at $1.3 billion, plus or minus 10%. The company is navigating macroeconomic pressures in both the U.S. and Europe, attributing some softness to cyclical factors. They are focusing on strategic priorities to adapt to these challenging times, improve commercial performance, and invest for long-term growth, including restructuring efforts in the Americas to reduce salaried headcount by approximately 9% and potential portfolio adjustments to enhance their position in the beer and beyond beer markets.Molson Coors Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.14B | 11.63B | 11.70B | 10.70B | 10.28B |
| Gross Profit | 4.19B | 4.53B | 4.37B | 3.66B | 4.05B |
| EBITDA | -1.61B | 2.55B | 2.17B | 872.90M | 2.29B |
| Net Income | -2.14B | 1.12B | 948.90M | -175.30M | 1.01B |
Balance Sheet | |||||
| Total Assets | 22.74B | 26.06B | 26.38B | 25.87B | 27.62B |
| Cash, Cash Equivalents and Short-Term Investments | 896.50M | 969.30M | 868.90M | 600.00M | 637.40M |
| Total Debt | 6.30B | 6.19B | 6.27B | 6.61B | 7.21B |
| Total Liabilities | 12.20B | 12.61B | 12.94B | 12.95B | 13.95B |
| Stockholders Equity | 10.23B | 13.09B | 13.20B | 12.69B | 13.42B |
Cash Flow | |||||
| Free Cash Flow | 1.07B | 1.24B | 1.41B | 840.60M | 1.05B |
| Operating Cash Flow | 1.78B | 1.91B | 2.08B | 1.50B | 1.57B |
| Investing Cash Flow | -822.10M | -648.00M | -841.70M | -625.10M | -509.90M |
| Financing Cash Flow | -1.06B | -1.14B | -981.40M | -889.50M | -1.17B |
Molson Coors Technical Analysis
Negative
45.05
Price Trends
46.52
Negative
46.54
Negative
46.74
Negative
Market Momentum
-0.61
Negative
47.96
Neutral
85.84
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TAP, the sentiment is Negative. The current price of 45.05 is above the 20-day moving average (MA) of 42.93, below the 50-day MA of 46.52, and below the 200-day MA of 46.74, indicating a neutral trend. The MACD of -0.61 indicates Negative momentum. The RSI at 47.96 is Neutral, neither overbought nor oversold. The STOCH value of 85.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $47.33B | 13.63 | 16.90% | 8.22% | -0.68% | 4.29% | |
70 Outperform | $2.62B | 19.30 | 12.16% | ― | -1.13% | 24.34% | |
70 Outperform | $23.39B | 35.40 | 7.60% | 4.33% | 1.44% | -38.87% | |
68 Neutral | $142.83B | 10.54 | 8.17% | 1.83% | -2.06% | 21.03% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
53 Neutral | $2.16B | 19.13 | 7.86% | 2.53% | 16.59% | 1.72% | |
49 Neutral | $8.92B | -4.26 | -18.18% | 4.08% | -4.01% | -339.22% |
* Consumer Defensive Sector Average
TAP
Molson Coors
45.05
-13.20
-22.66%
BUD
Anheuser-Busch Inbev Sa
71.55
11.26
18.68%
SAM
Boston Beer
250.67
10.16
4.22%
CCU
Compania Cervecerias Unidas SA
11.77
-2.45
-17.24%
FMX
Fomento Economico Mexicano
115.10
24.14
26.54%
ABEV
Ambev SA
2.97
0.83
38.79%
Molson Coors Corporate Events
Stock BuybackDividendsFinancial Disclosures
Molson Coors Posts Lower 2025 Results Amid Headwinds
Negative
Feb 18, 2026
On February 18, 2026, Molson Coors reported its fourth-quarter and full-year 2025 results, showing a modest decline in sales and earnings amid a challenging macro backdrop. Fourth-quarter net sales fell 2.7% to $2.66 billion, with U.S. GAAP income...
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.