Intrinsic value of Molson Coors Brewing Company - TAP

Previous Close

$53.42

  Intrinsic Value

$151.70

stock screener

  Rating & Target

str. buy

+184%

Previous close

$53.42

 
Intrinsic value

$151.70

 
Up/down potential

+184%

 
Rating

str. buy

We calculate the intrinsic value of TAP stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 8.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  10,985
  11,238
  11,527
  11,851
  12,210
  12,605
  13,034
  13,499
  13,999
  14,536
  15,111
  15,725
  16,378
  17,071
  17,808
  18,588
  19,414
  20,288
  21,211
  22,186
  23,214
  24,298
  25,442
  26,646
  27,915
  29,250
  30,656
  32,135
  33,692
  35,329
Variable operating expenses, $m
  8,799
  8,951
  9,124
  9,319
  9,535
  9,771
  10,029
  10,308
  10,609
  10,931
  9,073
  9,441
  9,833
  10,249
  10,692
  11,160
  11,656
  12,181
  12,735
  13,320
  13,937
  14,588
  15,275
  15,998
  16,760
  17,561
  18,405
  19,294
  20,228
  21,211
Fixed operating expenses, $m
  494
  504
  516
  527
  539
  550
  562
  575
  587
  600
  614
  627
  641
  655
  669
  684
  699
  715
  730
  746
  763
  780
  797
  814
  832
  850
  869
  888
  908
  928
Total operating expenses, $m
  9,293
  9,455
  9,640
  9,846
  10,074
  10,321
  10,591
  10,883
  11,196
  11,531
  9,687
  10,068
  10,474
  10,904
  11,361
  11,844
  12,355
  12,896
  13,465
  14,066
  14,700
  15,368
  16,072
  16,812
  17,592
  18,411
  19,274
  20,182
  21,136
  22,139
Operating income, $m
  1,693
  1,783
  1,887
  2,005
  2,137
  2,283
  2,442
  2,616
  2,803
  3,005
  5,425
  5,657
  5,904
  6,167
  6,447
  6,744
  7,059
  7,393
  7,746
  8,119
  8,514
  8,930
  9,370
  9,834
  10,323
  10,838
  11,381
  11,953
  12,556
  13,190
EBITDA, $m
  4,434
  4,537
  4,655
  4,789
  4,939
  5,104
  5,284
  5,480
  5,692
  5,920
  6,165
  6,427
  6,706
  7,003
  7,319
  7,654
  8,010
  8,386
  8,785
  9,206
  9,651
  10,120
  10,616
  11,139
  11,690
  12,271
  12,883
  13,527
  14,206
  14,920
Interest expense (income), $m
  163
  566
  583
  604
  628
  655
  685
  717
  753
  792
  833
  878
  926
  977
  1,031
  1,089
  1,150
  1,215
  1,283
  1,356
  1,433
  1,514
  1,599
  1,689
  1,784
  1,884
  1,990
  2,101
  2,218
  2,341
  2,470
Earnings before tax, $m
  1,126
  1,200
  1,283
  1,377
  1,482
  1,598
  1,725
  1,863
  2,011
  2,172
  4,547
  4,731
  4,927
  5,136
  5,358
  5,594
  5,844
  6,109
  6,390
  6,687
  7,000
  7,331
  7,681
  8,050
  8,438
  8,848
  9,281
  9,736
  10,215
  10,720
Tax expense, $m
  304
  324
  346
  372
  400
  432
  466
  503
  543
  586
  1,228
  1,277
  1,330
  1,387
  1,447
  1,510
  1,578
  1,650
  1,725
  1,805
  1,890
  1,979
  2,074
  2,173
  2,278
  2,389
  2,506
  2,629
  2,758
  2,894
Net income, $m
  822
  876
  937
  1,006
  1,082
  1,167
  1,259
  1,360
  1,468
  1,585
  3,319
  3,454
  3,597
  3,749
  3,911
  4,084
  4,266
  4,460
  4,665
  4,881
  5,110
  5,352
  5,607
  5,876
  6,160
  6,459
  6,775
  7,107
  7,457
  7,826

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  30,685
  31,391
  32,198
  33,104
  34,107
  35,208
  36,408
  37,706
  39,104
  40,605
  42,210
  43,923
  45,747
  47,686
  49,743
  51,923
  54,230
  56,670
  59,249
  61,971
  64,844
  67,873
  71,066
  74,430
  77,974
  81,704
  85,631
  89,763
  94,111
  98,683
Adjusted assets (=assets-cash), $m
  30,685
  31,391
  32,198
  33,104
  34,107
  35,208
  36,408
  37,706
  39,104
  40,605
  42,210
  43,923
  45,747
  47,686
  49,743
  51,923
  54,230
  56,670
  59,249
  61,971
  64,844
  67,873
  71,066
  74,430
  77,974
  81,704
  85,631
  89,763
  94,111
  98,683
Revenue / Adjusted assets
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
  0.358
Average production assets, $m
  16,138
  16,509
  16,933
  17,409
  17,937
  18,516
  19,147
  19,829
  20,565
  21,354
  22,198
  23,099
  24,059
  25,078
  26,160
  27,306
  28,520
  29,803
  31,159
  32,591
  34,101
  35,694
  37,374
  39,143
  41,007
  42,969
  45,034
  47,207
  49,493
  51,898
Working capital, $m
  -1,022
  -1,045
  -1,072
  -1,102
  -1,136
  -1,172
  -1,212
  -1,255
  -1,302
  -1,352
  -1,405
  -1,462
  -1,523
  -1,588
  -1,656
  -1,729
  -1,806
  -1,887
  -1,973
  -2,063
  -2,159
  -2,260
  -2,366
  -2,478
  -2,596
  -2,720
  -2,851
  -2,989
  -3,133
  -3,286
Total debt, $m
  10,794
  11,182
  11,627
  12,126
  12,679
  13,286
  13,946
  14,662
  15,432
  16,259
  17,144
  18,088
  19,093
  20,161
  21,294
  22,495
  23,767
  25,111
  26,532
  28,032
  29,615
  31,284
  33,043
  34,897
  36,849
  38,905
  41,069
  43,346
  45,741
  48,260
Total liabilities, $m
  16,908
  17,297
  17,741
  18,240
  18,793
  19,400
  20,061
  20,776
  21,546
  22,373
  23,258
  24,202
  25,207
  26,275
  27,408
  28,609
  29,881
  31,225
  32,646
  34,146
  35,729
  37,398
  39,157
  41,011
  42,964
  45,019
  47,183
  49,460
  51,855
  54,374
Total equity, $m
  13,778
  14,095
  14,457
  14,864
  15,314
  15,809
  16,347
  16,930
  17,558
  18,231
  18,952
  19,722
  20,541
  21,411
  22,334
  23,313
  24,349
  25,445
  26,603
  27,825
  29,115
  30,475
  31,909
  33,419
  35,010
  36,685
  38,448
  40,304
  42,256
  44,309
Total liabilities and equity, $m
  30,686
  31,392
  32,198
  33,104
  34,107
  35,209
  36,408
  37,706
  39,104
  40,604
  42,210
  43,924
  45,748
  47,686
  49,742
  51,922
  54,230
  56,670
  59,249
  61,971
  64,844
  67,873
  71,066
  74,430
  77,974
  81,704
  85,631
  89,764
  94,111
  98,683
Debt-to-equity ratio
  0.780
  0.790
  0.800
  0.820
  0.830
  0.840
  0.850
  0.870
  0.880
  0.890
  0.900
  0.920
  0.930
  0.940
  0.950
  0.960
  0.980
  0.990
  1.000
  1.010
  1.020
  1.030
  1.040
  1.040
  1.050
  1.060
  1.070
  1.080
  1.080
  1.090
Adjusted equity ratio
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449
  0.449

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  822
  876
  937
  1,006
  1,082
  1,167
  1,259
  1,360
  1,468
  1,585
  3,319
  3,454
  3,597
  3,749
  3,911
  4,084
  4,266
  4,460
  4,665
  4,881
  5,110
  5,352
  5,607
  5,876
  6,160
  6,459
  6,775
  7,107
  7,457
  7,826
Depreciation, amort., depletion, $m
  2,742
  2,754
  2,768
  2,784
  2,802
  2,821
  2,842
  2,865
  2,889
  2,916
  740
  770
  802
  836
  872
  910
  951
  993
  1,039
  1,086
  1,137
  1,190
  1,246
  1,305
  1,367
  1,432
  1,501
  1,574
  1,650
  1,730
Funds from operations, $m
  3,564
  3,630
  3,705
  3,790
  3,884
  3,988
  4,101
  4,224
  4,357
  4,501
  4,059
  4,224
  4,399
  4,585
  4,783
  4,994
  5,217
  5,453
  5,703
  5,968
  6,247
  6,542
  6,853
  7,181
  7,527
  7,892
  8,276
  8,681
  9,107
  9,556
Change in working capital, $m
  -20
  -23
  -27
  -30
  -33
  -37
  -40
  -43
  -47
  -50
  -53
  -57
  -61
  -65
  -68
  -73
  -77
  -81
  -86
  -91
  -96
  -101
  -106
  -112
  -118
  -124
  -131
  -138
  -145
  -152
Cash from operations, $m
  3,584
  3,653
  3,732
  3,820
  3,917
  4,024
  4,141
  4,268
  4,404
  4,551
  4,113
  4,281
  4,459
  4,650
  4,852
  5,066
  5,294
  5,535
  5,789
  6,058
  6,342
  6,642
  6,959
  7,293
  7,645
  8,016
  8,407
  8,818
  9,252
  9,708
Maintenance CAPEX, $m
  -528
  -538
  -550
  -564
  -580
  -598
  -617
  -638
  -661
  -685
  -712
  -740
  -770
  -802
  -836
  -872
  -910
  -951
  -993
  -1,039
  -1,086
  -1,137
  -1,190
  -1,246
  -1,305
  -1,367
  -1,432
  -1,501
  -1,574
  -1,650
New CAPEX, $m
  -312
  -371
  -424
  -476
  -528
  -579
  -631
  -683
  -735
  -789
  -844
  -901
  -959
  -1,019
  -1,082
  -1,146
  -1,214
  -1,283
  -1,356
  -1,432
  -1,511
  -1,593
  -1,679
  -1,769
  -1,863
  -1,962
  -2,065
  -2,173
  -2,286
  -2,405
Cash from investing activities, $m
  -840
  -909
  -974
  -1,040
  -1,108
  -1,177
  -1,248
  -1,321
  -1,396
  -1,474
  -1,556
  -1,641
  -1,729
  -1,821
  -1,918
  -2,018
  -2,124
  -2,234
  -2,349
  -2,471
  -2,597
  -2,730
  -2,869
  -3,015
  -3,168
  -3,329
  -3,497
  -3,674
  -3,860
  -4,055
Free cash flow, $m
  2,745
  2,744
  2,757
  2,779
  2,809
  2,847
  2,893
  2,947
  3,008
  3,076
  2,557
  2,640
  2,730
  2,828
  2,934
  3,048
  3,170
  3,301
  3,440
  3,588
  3,745
  3,913
  4,090
  4,278
  4,477
  4,687
  4,909
  5,144
  5,392
  5,653
Issuance/(repayment) of debt, $m
  305
  389
  445
  499
  553
  607
  661
  715
  770
  827
  885
  944
  1,005
  1,068
  1,133
  1,201
  1,271
  1,345
  1,421
  1,500
  1,583
  1,669
  1,759
  1,854
  1,952
  2,056
  2,164
  2,277
  2,395
  2,519
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  305
  389
  445
  499
  553
  607
  661
  715
  770
  827
  885
  944
  1,005
  1,068
  1,133
  1,201
  1,271
  1,345
  1,421
  1,500
  1,583
  1,669
  1,759
  1,854
  1,952
  2,056
  2,164
  2,277
  2,395
  2,519
Total cash flow (excl. dividends), $m
  3,050
  3,133
  3,202
  3,278
  3,362
  3,454
  3,554
  3,662
  3,778
  3,903
  3,441
  3,584
  3,735
  3,896
  4,068
  4,249
  4,442
  4,645
  4,860
  5,088
  5,328
  5,582
  5,849
  6,132
  6,429
  6,743
  7,073
  7,421
  7,787
  8,173
Retained Cash Flow (-), $m
  -270
  -317
  -362
  -407
  -451
  -494
  -538
  -583
  -628
  -674
  -721
  -769
  -819
  -870
  -924
  -979
  -1,036
  -1,096
  -1,158
  -1,222
  -1,290
  -1,360
  -1,434
  -1,511
  -1,591
  -1,675
  -1,763
  -1,855
  -1,952
  -2,053
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  2,779
  2,816
  2,839
  2,871
  2,911
  2,960
  3,016
  3,079
  3,150
  3,229
  2,720
  2,814
  2,916
  3,026
  3,144
  3,270
  3,405
  3,549
  3,703
  3,866
  4,038
  4,222
  4,416
  4,621
  4,838
  5,068
  5,310
  5,565
  5,835
  6,120
Discount rate, %
  6.50
  6.83
  7.17
  7.52
  7.90
  8.30
  8.71
  9.15
  9.60
  10.08
  10.59
  11.12
  11.67
  12.26
  12.87
  13.51
  14.19
  14.90
  15.64
  16.43
  17.25
  18.11
  19.01
  19.96
  20.96
  22.01
  23.11
  24.27
  25.48
  26.75
PV of cash for distribution, $m
  2,610
  2,468
  2,307
  2,148
  1,991
  1,835
  1,681
  1,529
  1,380
  1,236
  899
  794
  694
  600
  511
  430
  357
  291
  234
  185
  143
  108
  81
  59
  42
  29
  19
  13
  8
  5
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company's segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate. The Company brews, markets, sells and distributes a range of beer brands. The Company offers a portfolio of owned and partner brands, including Carling, Coors Light, Miller Lite, Molson Canadian and Staropramen, as well as craft and specialty beers, such as the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Creemore Springs, Cobra and Doom Bar.

FINANCIAL RATIOS  of  Molson Coors Brewing Company (TAP)

Valuation Ratios
P/E Ratio 5.8
Price to Sales 2.4
Price to Book 1
Price to Tangible Book
Price to Cash Flow 10.2
Price to Free Cash Flow 14.6
Growth Rates
Sales Growth Rate 36.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 24.4%
Cap. Spend. - 3 Yr. Gr. Rate 3.1%
Financial Strength
Quick Ratio 1
Current Ratio 0.1
LT Debt to Equity 99.7%
Total Debt to Equity 105.7%
Interest Coverage 20
Management Effectiveness
Return On Assets 10%
Ret/ On Assets - 3 Yr. Avg. 5.9%
Return On Total Capital 11.8%
Ret/ On T. Cap. - 3 Yr. Avg. 6.5%
Return On Equity 21.4%
Return On Equity - 3 Yr. Avg. 10.8%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 40.2%
Gross Margin - 3 Yr. Avg. 39.8%
EBITDA Margin 73.4%
EBITDA Margin - 3 Yr. Avg. 40.5%
Operating Margin 67.7%
Oper. Margin - 3 Yr. Avg. 33.3%
Pre-Tax Margin 62.1%
Pre-Tax Margin - 3 Yr. Avg. 29.3%
Net Profit Margin 40.5%
Net Profit Margin - 3 Yr. Avg. 21%
Effective Tax Rate 34.6%
Eff/ Tax Rate - 3 Yr. Avg. 19.7%
Payout Ratio 17.9%

TAP stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TAP stock intrinsic value calculation we used $10770 million for the last fiscal year's total revenue generated by Molson Coors Brewing Company. The default revenue input number comes from 0001 income statement of Molson Coors Brewing Company. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TAP stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.5%, whose default value for TAP is calculated based on our internal credit rating of Molson Coors Brewing Company, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Molson Coors Brewing Company.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TAP stock the variable cost ratio is equal to 80.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $483 million in the base year in the intrinsic value calculation for TAP stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Molson Coors Brewing Company.

Corporate tax rate of 27% is the nominal tax rate for Molson Coors Brewing Company. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TAP stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TAP are equal to 146.9%.

Life of production assets of 31.5 years is the average useful life of capital assets used in Molson Coors Brewing Company operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TAP is equal to -9.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $13507.4 million for Molson Coors Brewing Company - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 162.775 million for Molson Coors Brewing Company is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Molson Coors Brewing Company at the current share price and the inputted number of shares is $8.7 billion.

RELATED COMPANIES Price Int.Val. Rating
BUD Anheuser-Busch 93.57 296.14  str.buy
STZ Constellation 204.75 155.71  hold
SAM Boston Beer Co 403.56 101.82  str.sell
BREW Craft Brew All 9.02 2.21  str.sell

CONTACT US      

About X-FIN       Privacy policy       Terms of use      

Copyright © X-FIN.com 2005-2019. All rigths reserved.