---
title: Molson Coors Beverage (TAP) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/tap
ticker: TAP
as_of: 2026-10-17
sector: Consumer Defensive
industry: Beverages - Alcoholic
---
# Molson Coors Beverage (TAP)

Molson Coors Beverage (TAP) closed at $39.52 on Oct 16, 2026, undervalued by 75% vs its model value of $155.78 (from its peers' median EV/Revenue).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $39.52 (Oct 16, 2026) |
| Model value (from its peers' median EV/Revenue) | $155.78 |
| Price vs model | undervalued by 75% vs model |
| Range of that model | $116.14 – $161.79 |
| Market value | $7.4B |
| P/E (fiscal 2025) | — |
| Net margin (fiscal 2025) | -19.2% |
| Free cash flow (fiscal 2025) | $1.1B |
| Dividend yield (trailing twelve months) | 4.83% |
| Beta | 0.43 |
| Cost of capital (WACC) | 6.16% |
| Business classification | Loss-Making (Revenue declining (~-3% recent), Currently unprofitable, Strong dividend yield, Highly cyclical earnings, Strong FCF yield (14.4%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest dividend yield | #28 | 4.83% | https://sweetvaluelab.com/lists/highest-dividend-yield |
| Highest free cash flow yield | #12 | 14.4% | https://sweetvaluelab.com/lists/highest-free-cash-flow-yield |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 4.83% |
| Dividends per share, last 12 months | $1.91 |
| Dividends / free cash flow (fiscal 2025) | 35.2% |
| Raised | 4 years in a row |
| Growth over 4 years | 6.6% a year |
| Latest payment | $0.48, ex-date Aug 28, 2026, paid Sep 18, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 1, 2022 | $1.48 |
| To Aug 31, 2023 | $1.61 |
| To Aug 30, 2024 | $1.73 |
| To Sep 5, 2025 | $1.85 |
| Trailing twelve months (to Aug 28, 2026) | $1.91 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $0.00 | $0.00 | $0.00 |
| DCF · Perpetuity growth · 10y | cross check | $0.00 | $0.00 | $0.00 |
| DCF · EBITDA exit · 5y | cross check | $0.00 | $0.00 | $0.00 |
| DCF · EBITDA exit · 10y | cross check | $0.00 | $0.00 | $0.00 |
| EV/EBITDA · peers | cross check | $0.00 | $0.00 | $0.00 |
| EV/Revenue · peers | cross check | $155.78 | $116.14 | $161.79 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 30, 2026 | HERINGTON CHARLES M | Director | Grant / award | 395 | $0 |
| Sep 30, 2026 | Cocks Christian P | Director | Grant / award | 789 | $0 |
| Jun 30, 2026 | Cocks Christian P | Director | Grant / award | 738 | $0 |
| Jun 30, 2026 | HERINGTON CHARLES M | Director | Grant / award | 369 | $0 |
| May 21, 2026 | Molson Geoffrey E. | Director | Open-market sell | 1,245 | $52,912.5 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/24545/000002454526000071/tap-20260630.htm |
| Aug 6, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/24545/000002454526000070/tap-20260806.htm |
| Jun 24, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/24545/000110465926077086/tm2618613d1_8k.htm |
| May 27, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/24545/000110465926066954/tm2614729d15_8k.htm |
| May 22, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/24545/000110465926065786/tm2615288d1_8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Dodge & Cox | 2026-06-30 | 19,065,434 | $742.8M |
| Prem Watsa | 2026-06-30 | 1,994,500 | $77.7M |
| Bridgewater | 2026-06-30 | 240,967 | $9.4M |
| Tweedy Browne | 2026-06-30 | 44,702 | $1.7M |

4 tracked managers in all.

## About

Molson Coors Beverage Company is a global entity engaged in the production, marketing, and sale of a diverse range of beer and other malt-based beverages. Its extensive operations span the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company's product lineup also features flavored malt beverages, craft beers, and convenient ready-to-drink selections. Founded in 1774, the firm, headquartered in Golden, Colorado, was previously known as Molson Coors Brewing Company before officially adopting its current name, Molson Coors Beverage Company, in January 2020.

---

Source: https://sweetvaluelab.com/stocks/tap (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.