Molson Coors Beverage Company

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $1.05B normalized free cash flow base (modestly below the $1.33B TTM figure to reflect rising input/freight costs flagged in recent quarters); 0% annual FCF growth years 1-5, 0.5% years 6-10; 9.5% discount rate; 1.5% terminal growth; $5.79B net debt; 186.45M total shares outstanding (Class A + Class B combined).

Reasoning: Molson Coors faces structurally declining U.S. beer volumes and rising costs, so a flat-to-slightly-declining normalized FCF assumption with no real growth is used rather than extrapolating recent reported free cash flow, which has been boosted by working-capital timing and cost cuts that may not be fully sustainable.