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Molson Coors Beverage Co Earnings Yield (Joel Greenblatt) %

: -0.57% (As of Jun. 2021)
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Molson Coors Beverage Co's Enterprise Value for the quarter that ended in Jun. 2021 was $18,815 Mil. Molson Coors Beverage Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $-108 Mil. Molson Coors Beverage Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was -0.57%.

The historical rank and industry rank for Molson Coors Beverage Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

NYSE:TAP' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.13   Med: 6.13   Max: 15.88
Current: -0.63

-2.13
15.88

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Molson Coors Beverage Co was 15.88%. The lowest was -2.13%. And the median was 6.13%.

NYSE:TAP's Earnings Yield (Joel Greenblatt) % is ranked lower than
67% of the 21 Companies
in the Beverages - Alcoholic industry.

( Industry Median: 6.30 vs. NYSE:TAP: -0.63 )

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Molson Coors Beverage Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 was -7.96%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Molson Coors Beverage Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Molson Coors Beverage Co's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Molson Coors Beverage Co Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.19 6.02 7.65 3.72 -2.10

Molson Coors Beverage Co Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.99 4.78 -2.10 -0.92 -0.57

Competitive Comparison

For the Beverages - Brewers subindustry, Molson Coors Beverage Co's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Molson Coors Beverage Co Earnings Yield (Joel Greenblatt) % Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Molson Coors Beverage Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Molson Coors Beverage Co's Earnings Yield (Joel Greenblatt) % falls into.



Molson Coors Beverage Co Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Molson Coors Beverage Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-369.3/17553.41439
=-2.10 %

Molson Coors Beverage Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-108 Mil.



Molson Coors Beverage Co  (NYSE:TAP) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Molson Coors Beverage Co Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Molson Coors Beverage Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Molson Coors Beverage Co Business Description

Molson Coors Beverage Co logo
Industry
Address
NH353, P.O. Box 4030, Golden, CO, USA, 80401
Molson Coors is the fifth- largest beer producer globally, boasting top-two positioning in the U.S., Canada, and many Central European markets. It brews and markets a slew of company-owned brands including Blue Moon, Coors, Miller, Vizzy, and Staropramen. It also sells various partner brands in certain locales such as Topo Chico (licensed from Coca-Cola), Amstel and Dos Equis in Canada (through an exclusive import/license arrangement with Heineken) and Corona in Central Europe (through an agreement with Anheuser-Busch InBev). The firm's go-to-market approach differs by geography as well, primarily using independent distributors in the U.S., but deploying hybrid models in Canada and Europe.
Executives
Herington Charles M director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Eaton Roger G. director 1441 GARDINER LANE LOUISVILLE KY 40213
Napier Iain J G director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Tough Douglas D. director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Vachon Louis director 1155 METCALFE STREET MONTREAL QUEBEC CANADA E6 0000
Coors Peter H director, 10 percent owner, other: Vice Chairman of the Board 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Coors David S. director P.O. BOX 4030 NH353 GOLDEN CO 80401
Winnefeld James A Jr director 870 WINTER STREET WALTHAM MA 02451
Fergusonmchugh Marylynn director ONE PROCTER & GAMBLE PLAZA CINCINNATI OH 45202
Molson Andrew Thomas director, other: Chairman of the Board 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Riley H Sanford director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Molson Geoffrey E. director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Hobbs Franklin W Iv director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Cox Simon officer: Pres&CEO, Molson Coors Europe 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Tabolt Brian officer: VP,Controller & Chf Acct Off 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202

Molson Coors Beverage Co Headlines

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