$Molson Coors Beverage (TAP.US)$An American company listed i...

Revenue has fluctuated over the past 5 years, initially decreasing and then rising, with an overall slight contraction. Operating profit has seen a slight decline in fluctuations, and net income has suffered losses in both 2020 and 2022 due to asset impairment. In 2022, the interest expense accounted for 23.7% of operating profit, indicating a heavy interest burden. The gross margin has remained relatively stable over the past 5 years, dropping from 39.4% to 34.2% in 2022.

Revenue increased by 10.4% in the first three quarters of 2023, with operating profit growing by 80% and net income reaching 0.85 billion.

The current PE ratio TTM is 53.6. If the full-year net income reaches 1.3 billion, the PE ratio will drop to 10.4, with a dividend yield of 2.6%. Considering asset impairment in recent years as the major uncertainty, the current valuation safety cushion is not thick enough, warranting further observation.