Compania Cervecerias Unidas, S.A. (CCU) vs Molson Coors Beverage Company (TAP)

Compania Cervecerias Unidas, S.A. and Molson Coors Beverage Company are both Beverages Brewers companies. Molson Coors Beverage Company is the larger, with a market value of $6.9B against $2.0B — 3.4× the size. Molson Coors Beverage Company has negative trailing earnings, so its P/E is not meaningful; Compania Cervecerias Unidas, S.A. trades at 17.7×. Compania Cervecerias Unidas, S.A. grew revenue faster over the last twelve months: 1.91% against −1.77%. Compania Cervecerias Unidas, S.A. has the higher net margin (3.62% vs −20.8%) and the higher return on invested capital (5.99% vs −9.90%). Both pay a dividend; Compania Cervecerias Unidas, S.A. yields more (4.09% vs 2.71%). Across the 22 metrics below, Compania Cervecerias Unidas, S.A. leads on 15 and Molson Coors Beverage Company on 7.

Valuation

Metric CCU TAP Beverages Brewers median
P/E 17.69 n/m 16.53
P/S 0.61 0.61 0.88
P/B 1.19 0.65 2.23
Price to free cash flow 13.44 5.01 10.33
EV/EBITDA 11.75 6.51 9.41
EV/Sales 0.86 1.11 1.11
Earnings yield 5.65% (32.07%) 5.65%
Free cash flow yield 7.44% 19.95% 9.68%

Profitability

Metric CCU TAP Beverages Brewers median
Gross margin 44.72% 37.01% 48.88%
Operating margin 7.32% (22.71%) 8.54%
Net margin 3.62% (20.81%) 3.62%
Free cash flow margin 4.55% 12.13% 12.13%
Return on equity 6.89% (19.26%) 6.89%
Return on assets 3.12% (9.01%) 4.09%
Return on invested capital 5.99% (9.90%) 6.25%

Growth

Metric CCU TAP Beverages Brewers median
Revenue growth (TTM) 1.91% (1.77%) (1.77%)
EPS growth (last fiscal year) (27.17%) (300.93%) —
Revenue growth, 5-year CAGR 5.80% 2.91% 4.82%
Net income growth, 5-year CAGR 0.61% 0.00% 0.61%

Health

Metric CCU TAP Beverages Brewers median
Debt to equity 0.71 0.75 0.71
Current ratio 1.84 0.88 1.02
Net debt to EBITDA 2.87 2.65 2.65

Dividend

Metric CCU TAP Beverages Brewers median
Dividend yield 4.09% 2.71% 2.14%
Payout ratio 0.42 8.32 0.55

Size

Metric CCU TAP Beverages Brewers median
Market cap 2.02b 6.85b 19.50b

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