Added to YB: 2024-12-18
Pitch date: 2024-11-02
TAP [bullish]
Molson Coors Beverage Company
-9.72%
current return
Author Info
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Company Info
Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$9.2B
Pitch Price
$52.72
Price Target
100.00 (+110%)
Dividend
4.05%
EV/EBITDA
6.25
P/E
9.17
EV/Sales
1.37
Sector
Beverages
Category
value
Molson Coors Beverage Company - $TAP
TAP: Undervalued at 7x '24E EBITDA, 10% LFCF yield. Successful revitalization strategy, ABI Bud Light debacle boosted share. Above-premium brands now 30% of portfolio. KO partnership driving RTD growth. $2B buyback, 3.4% dividend yield. Upside to $85 (8x '25E) in 1-2 years, 67% TSR. Risks: ABI response, beer trends, inflation.
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