21:01:27 EDT Tue 28 Jun 2022
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Molson Coors Canada Inc
Symbol TPX
Shares Issued 11,104,565
Close 2021-08-23 C$ 61.10
Recent Sedar Documents

Globe says Molson, others worth consideration

2021-08-24 07:47 ET - In the News

Also In the News (C-CSW) Corby Spirit and Wine Ltd
Also In the News (C-LAS) Lassonde Industries Inc
Also In the News (C-PRMW) Primo Water Corp

The Globe and Mail reports in its Tuesday edition that summer is the time for refreshing, cool beverages, many of them from publicly traded companies. The Globe's guest columnist Brian Donovan writes in the Number Cruncher column that beverage stock prices have recovered since the lows of last year. With that backdrop, Mr. Donovan wonders if the firms in this industry present investment opportunities. He screened for beverage companies listed on the Toronto Stock Exchange and TSX Venture Exchange. He used proprietary valuation tools to calculate fundamental (or intrinsic) valuation for each stock to see whether it is undervalued or overvalued compared with its price. He looked at discounted cash flow, which is a valuation technique in which cash-flow projections are discounted back to the present to calculate value per share. He looked at price comparables, which it a technique that values the company on the basis of ratios from selected comparable companies. Mr. Donovan employed adjusted book value, which is calculated by multiplying book value per share by its historical price-to-book ratio. Mr. Donovan's beverage picks are Molson Coors Canada, Corby Spirits and Wine, Primo Water and Lassonde Industries.

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