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What is Molson Coors Beverage Co worth?

With the base-case assumptions below, a discounted cash flow model on Molson Coors Beverage Co's reported free cash flow gives $54.86 per share. The share price was $35.95 on September 25, 2026, 34% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$1.07B
Average free cash flow, last 5 years
$1.12B
Cash
$2.13B
balance sheet of June 30, 2026
Debt
$7.68B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
199,100,000
Revenue growth per year, last 5 years
2.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-3.0%-0.5%2.0%10.0%$23.55-34%
Base2.0%2.5%2.5%9.0%$54.86+53%
Bull7.0%5.0%3.0%8.0%$113.33+215%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$76.83$83.45$91.55$101.67$114.69
8.0%$60.50$64.80$69.87$75.97$83.41
9.0%$48.54$51.47$54.86$58.82$63.49
10.0%$39.40$41.49$43.86$46.56$49.68
11.0%$32.19$33.73$35.44$37.36$39.55

Where the presets come from

Base: years 1 to 5 grow at Molson Coors Beverage Co's revenue growth rate over the last 5 fiscal years (2.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Molson Coors Beverage Co company page