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Molson Coors Beverage Co (Molson Coors Beverage Co) Piotroski F-Score : 8 (As of Jun. 18, 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:

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

During the past 13 years, the highest Piotroski F-Score of Molson Coors Beverage Co was 8. 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
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.00 7.00 7.00 8.00 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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 342.4 + 430.7 + 103.3 + 207.8 = $1,084 Mil.
Cash Flow from Operations was 891 + 710.1 + 474.5 + 25.4 = $2,101 Mil.
Revenue was 3266.6 + 3298.4 + 2790.8 + 2596.4 = $11,952 Mil.
Gross Profit was 1218.9 + 1346.2 + 1033 + 963.5 = $4,562 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(25852.5 + 26789.6 + 26568.4 + 26375.1 + 26072.3) / 5 = $26331.58 Mil.
Total Assets at the begining of this year (Mar23) was $25,853 Mil.
Long-Term Debt & Capital Lease Obligation was $5,312 Mil.
Total Current Assets was $2,677 Mil.
Total Current Liabilities was $3,863 Mil.
Net Income was 47.3 + 216.4 + -590.5 + 72.5 = $-254 Mil.

Revenue was 2921.7 + 2935.2 + 2629.5 + 2346.3 = $10,833 Mil.
Gross Profit was 820 + 983.7 + 923.7 + 770.7 = $3,498 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(27721.5 + 27387.9 + 26708.5 + 25868.3 + 25852.5) / 5 = $26707.74 Mil.
Total Assets at the begining of last year (Mar22) was $27,722 Mil.
Long-Term Debt & Capital Lease Obligation was $6,178 Mil.
Total Current Assets was $2,552 Mil.
Total Current Liabilities was $3,306 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 1,084. ==> 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 2,101. ==> 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 (Mar23)
=1084.2/25852.5
=0.04193792

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-254.3/27721.5
=-0.00917339

Molson Coors Beverage Co's return on assets of this year was 0.04193792. Molson Coors Beverage Co's return on assets of last year was -0.00917339. ==> 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 1,084. Molson Coors Beverage Co's current Cash Flow from Operations (TTM) was 2,101. ==> 2,101 > 1,084 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=5312.2/26331.58
=0.20174255

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=6177.7/26707.74
=0.23130748

Molson Coors Beverage Co's gearing of this year was 0.20174255. Molson Coors Beverage Co's gearing of last year was 0.23130748. ==> This year is lower or equal to last year. ==> Score 1.

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: Mar24)=Total Current Assets/Total Current Liabilities
=2677/3863
=0.69298473

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=2551.6/3306.2
=0.77176214

Molson Coors Beverage Co's current ratio of this year was 0.69298473. Molson Coors Beverage Co's current ratio of last year was 0.77176214. ==> Last year's current ratio is higher ==> Score 0.

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 214.2. Molson Coors Beverage Co's number of shares in issue last year was 217.3. ==> 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
=4561.6/11952.2
=0.38165359

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3498.1/10832.7
=0.32292042

Molson Coors Beverage Co's gross margin of this year was 0.38165359. Molson Coors Beverage Co's gross margin of last year was 0.32292042. ==> 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 (Mar23)
=11952.2/25852.5
=0.46232279

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=10832.7/27721.5
=0.3907689

Molson Coors Beverage Co's asset turnover of this year was 0.46232279. Molson Coors Beverage Co's asset turnover of last year was 0.3907689. ==> 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+1+0+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  (NYSE:TAP) 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 (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 U.S., Canada, and the United Kingdom. Through licensing agreements, it also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The company uses independent distributors in the U.S. 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.
Executives
Winnefeld James A Jr director 870 WINTER STREET, WALTHAM MA 02451
Natalie G. Maciolek officer: Chief Legal & Govt Affairs Off 3939 W HIGHLAND BLVD, MILWAUKEE WI 53208
Geoffrey E. Molson director 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Williams Leroy James Jr director 10 LONGS PEAK DRIVE, BROOMFIELD CO 80021-2510
Anne-marie W D'angelo officer: Chief Legal & Govt Affairs Off 801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Louis Vachon director 1155 METCALFE STREET, MONTREAL QUEBEC CANADA E6 0000
Julia M Brown director C/O ABLE BRANDS CO., 30 HUDSON YARDS, NEW YORK NY 10001
Simon Cox officer: Pres&CEO, Molson Coors Europe 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Roxanne Stelter officer: VP,Controller & Chf Acct Off 3939 W HIGHLAND BLVD, MILWAUKEE WI 53208
Andrew Thomas Molson director 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
David S. Coors director P.O. BOX 4030, NH353, GOLDEN CO 80401
Nessa O'sullivan director P.O. BOX 4030, NH353, GOLDEN CO 80401
Peter H Coors director, other: Chairman of the Board 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Peter John Marino officer: President of Emerging Growth 250 SOUTH WACKER DRIVE, CHICAGO IL 60606
Jacques Michelle St. officer: Chief Marketing Officer 250 SOUTH WACKER DRIVE, CHICAGO IL 60606