The Long Case For Molson Coors Brewing Company (TAP)

Molson Coors Brewing Company (NYSE:TAP) is on our radar right now but there could still be some opportunities on the horizon. Now trading with a market value of 13.99B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Everyone seems to have their own opinion of this stock. But what do the numbers really say? We think it’s a great time to take a fresh look.

Molson Coors Brewing Company (NYSE:TAP) Fundamentals That Matter

It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For TAP, the company currently has 197.9 million of cash on the books, which is offset by 1.59 billion in current liabilities. The trend over time is important to note. In this case, the company’s debt has been falling. The company also has 30.18 billion in total assets, balanced by 16.52 billion in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.

Molson Coors Brewing Company (TAP) saw 106.9 million in free cash flow last quarter, representing a quarterly net change in cash of -220.7 million. Perhaps most importantly where cash movements are concerned, the company saw about 315.2 million in net operating cash flow.

Molson Coors Brewing Company (NYSE:TAP) Revenue Growth Potential

As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 2.33 billion in total revenues. That represents a quarterly year/year change in revenues of -0.05 in sequential terms, the TAP saw sales decline by -0.10.

But what about the bottom line? After all, that’s what really matters in the end. Molson Coors Brewing Company (TAP) is intriguing when broken down to its core data. The cost of selling goods last quarter was 1.52 billion, yielding a gross basic income of 814.2 million. For shareholders, given the total diluted outstanding shares of 216.6 million, this means overall earnings per share of 1.28. Note, this compares with a consensus analyst forecast of 1.60 in earnings per share for its next fiscal quarterly report.

Is Molson Coors Brewing Company (NYSE:TAP) Valuation Attractive

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 5.18 in total earnings per share. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 12.34. However, one should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on Molson Coors Brewing Company.

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