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Molson Coors Beverage Co (FRA:NY7) Piotroski F-Score : 8 (As of Dec. 11, 2024)


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What is Molson Coors Beverage Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Molson Coors Beverage Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Molson Coors Beverage Co's Piotroski F-Score or its related term are showing as below:

FRA:NY7' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Molson Coors Beverage Co was 9. The lowest was 4. And the median was 6.


Molson Coors Beverage Co Piotroski F-Score Historical Data

The historical data trend for Molson Coors Beverage Co's Piotroski F-Score 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 Piotroski F-Score Chart

Molson Coors Beverage Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 8.00 6.00 8.00

Molson Coors Beverage Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Piotroski F-Score Get a 7-Day Free Trial 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 7.00 8.00 8.00 9.00 8.00

Competitive Comparison of Molson Coors Beverage Co's Piotroski F-Score

For the Beverages - Brewers subindustry, Molson Coors Beverage Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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's Piotroski F-Score Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Molson Coors Beverage Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Molson Coors Beverage Co's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 94.726 + 191.176 + 396.683 + 180.02 = €863 Mil.
Cash Flow from Operations was 435.116 + 23.368 + 807.487 + 469.601 = €1,736 Mil.
Revenue was 2559.164 + 2388.688 + 3021.387 + 2741.473 = €10,711 Mil.
Gross Profit was 947.261 + 886.42 + 1235.477 + 1083.453 = €4,153 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(24894.591 + 24185.967 + 23986.516 + 25449.212 + 23998.405) / 5 = €24502.9382 Mil.
Total Assets at the begining of this year (Sep23) was €24,895 Mil.
Long-Term Debt & Capital Lease Obligation was €5,589 Mil.
Total Current Assets was €2,910 Mil.
Total Current Liabilities was €2,927 Mil.
Net Income was -557.432 + 67.715 + 316.035 + 403.566 = €230 Mil.

Revenue was 2482.248 + 2191.444 + 3015.072 + 3090.601 = €10,779 Mil.
Gross Profit was 871.973 + 719.834 + 1125.045 + 1261.389 = €3,978 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(26975.585 + 24419.675 + 24146.235 + 24726.801 + 24894.591) / 5 = €25032.5774 Mil.
Total Assets at the begining of last year (Sep22) was €26,976 Mil.
Long-Term Debt & Capital Lease Obligation was €4,967 Mil.
Total Current Assets was €2,893 Mil.
Total Current Liabilities was €3,971 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Molson Coors Beverage Co's current Net Income (TTM) was 863. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Molson Coors Beverage Co's current Cash Flow from Operations (TTM) was 1,736. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep23)
=862.605/24894.591
=0.0346503

ROA (Last Year)=Net Income/Total Assets (Sep22)
=229.884/26975.585
=0.00852193

Molson Coors Beverage Co's return on assets of this year was 0.0346503. Molson Coors Beverage Co's return on assets of last year was 0.00852193. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Molson Coors Beverage Co's current Net Income (TTM) was 863. Molson Coors Beverage Co's current Cash Flow from Operations (TTM) was 1,736. ==> 1,736 > 863 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=5588.903/24502.9382
=0.22809114

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=4967.131/25032.5774
=0.19842667

Molson Coors Beverage Co's gearing of this year was 0.22809114. Molson Coors Beverage Co's gearing of last year was 0.19842667. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep24)=Total Current Assets/Total Current Liabilities
=2909.78/2926.628
=0.9942432

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=2893.269/3970.725
=0.72865006

Molson Coors Beverage Co's current ratio of this year was 0.9942432. Molson Coors Beverage Co's current ratio of last year was 0.72865006. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Molson Coors Beverage Co's number of shares in issue this year was 208. Molson Coors Beverage Co's number of shares in issue last year was 217.6. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=4152.611/10710.712
=0.38770634

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3978.241/10779.365
=0.36906079

Molson Coors Beverage Co's gross margin of this year was 0.38770634. Molson Coors Beverage Co's gross margin of last year was 0.36906079. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep23)
=10710.712/24894.591
=0.43024254

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=10779.365/26975.585
=0.39959708

Molson Coors Beverage Co's asset turnover of this year was 0.43024254. Molson Coors Beverage Co's asset turnover of last year was 0.39959708. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+1+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Molson Coors Beverage Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Molson Coors Beverage Co  (FRA:NY7) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Molson Coors Beverage Co Piotroski F-Score Related Terms

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Molson Coors Beverage Co Business Description

Traded in Other Exchanges
Address
NH353, P.O. Box 4030, Golden, CO, USA, 80401
Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling and ranks as the second-largest beer maker in both value and volume terms in the us, Canada, and the United Kingdom. Through licensing agreements, the firm also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The brewer uses independent distributors in the us, given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market, contributing over 80% of total revenue.

Molson Coors Beverage Co Headlines

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