- Molson Coors trades at 10.6x forward P/E and is still down 20.5% over the past year due to its On-Premise segment being hit hard by the COVID pandemic.
- The company continues to generate great cash flows and currently trades at a solid 14.2% free cash flow yield based on historical five-year figures.
- Looking past the non-cash goodwill impairment of $1.5 billion in the latest year, patient investors could be nicely rewarded in this consumer staples company with strong brands.
- The board has recently announced plans to reinstate its dividend in the second half of 2021.
For further details see:
Molson Coors: Take A Sip At 10.6x Forward P/E