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Canadian-listed exchangeable share class of Molson Coors Beverage Company, representing the same global beer business (Coors, Molson, Miller-family brands).
Canadian-listed exchangeable share class of Molson Coors Beverage Company, representing the same global beer business (Coors, Molson, Miller-family brands).
These exchangeable shares can be swapped for Molson Coors Beverage stock and carry matching dividends, so they follow the US-listed business rather than a separate one. Earnings come from beer sold to wholesalers, retailers and bars in North America and Europe; the 2005 merger of Molson and Coors created them.
In one line: The Canadian share class of Molson Coors (NYSE: TAP).
Moat: narrow (brand, scale, distribution). Iconic, long-established beer brands and a national distribution network across North America.
Headquarters: Montreal, Canada · Founded: 1786
Size Molson Coors Canada (TPX-B.TO) is a Canada Consumer Staples company (Beverages: Alcoholic) with a market value of $7.38B, the 92nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$57.00 on 6 Nov 2026.
Performance Over six months the shares fell 11.6%, against +11.0% for the median peer and +5.2% for the Canada market (cap-weighted) — 6th lowest of 21 in its peer set.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | n/a | C$15.9B | C$15.8B | C$13.9B |
| Revenue growth | — | — | +1% | +13% | — |
| Gross profit | n/a | n/a | C$5.92B | C$5.54B | C$4.55B |
| EBITDA | n/a | n/a | C$3.53B | C$2.99B | C$2.37B |
| Net income | n/a | n/a | C$1.54B | C$1.28B | -C$228M |
| Free cash flow | n/a | n/a | C$1.69B | C$1.90B | C$1.09B |
| Capital expenditure | n/a | n/a | C$923M | C$906M | C$861M |
| Total debt | C$9.05B | n/a | C$9.14B | C$8.48B | C$9.09B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Molson Coors Canada TPX-B.TO | $7.38B | -12% | n/a | n/a | n/a | n/a |
| Anheuser-Busch InBev SA/NV Sponsored ADR BUD | $168B | +5% | +7% | 26% | 3.8× | 2.7% |
| Constellation Brands STZ | $24.0B | -4% | -4% | 30% | 3.8× | -4.5% |
| Heineken HEIA.AS | $51.8B | +29% | +1% | 12% | 2.3× | 4.2% |
| Carlsberg AS CARL-A.CO | $20.9B | +12% | +10% | 14% | 2.3× | -2.2% |
| Boston Beer SAM | $2.24B | +12% | -4% | 5% | 1.0× | 6.5% |
| Sapporo Breweries 2501.T | $5.34B | +24% | -6% | 5% | 1.8× | 14.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TPX-B.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.5% | +10.8% | 6th lowest of 21 |
| 6-month return | -11.6% | +11.0% | 6th lowest of 21 |
| Distance from 52-week high | -23.0% | -13.3% | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Molson Coors Canada TPX-B.TO | Canada | $7.38B | -12% | n/a | n/a | n/a | n/a | n/a |
| Anhui Gujing Distillery 000596.SZ | China | $7.29B | -2% | -28% | 17% | 2.5× | 4.3% | +12.7% |
| Molson Coors Beverage TAP | United States | $7.54B | -4% | -2% | 12% | 1.2× | -4.7% | +2.9% |
| Jiangsu Yanghe Distillery 002304.SZ | China | $8.50B | -23% | -31% | 4% | 3.0× | n/a | n/a |
| Jiangsu King's Luck Brewery Joint-stock 603369.SS | China | $6.40B | +25% | -5% | 33% | 3.8× | 1.9% | +15.3% |
| Radico Khaitan RADICO.NS | India | $6.37B | +33% | +16% | 17% | 9.3× | 45.1% | +20.5% |
| Thai Beverage Public Y92.SI | Singapore | $8.56B | +2% | -8% | 13% | 1.6× | -4.7% | +3.2% |
| China Res Beer 0291.HK | Hong Kong | $8.66B | -18% | +3% | 15% | 1.3× | -1.5% | +3.1% |
| Davide Campari-Milano CPR.MI | Italy | $8.93B | +22% | -1% | 20% | 3.3× | 3.6% | +11.5% |
| Tsingtao Brewery 600600.SS | China | $9.03B | -16% | -4% | 16% | 1.3× | -5.1% | +3.4% |
| Anhui Yingjia Distillery 603198.SS | China | $5.35B | +17% | 0% | 41% | 5.2× | 5.3% | +11.7% |
| Sapporo Breweries 2501.T | Japan | $5.34B | +24% | -6% | 5% | 1.8× | 14.8% | +3.1% |
| Bud Apac 1876.HK | Hong Kong | $10.7B | -16% | -3% | 15% | 1.5× | -0.9% | +0.7% |
| United Spirits UNITDSPR.NS | India | $10.9B | +11% | 0% | 15% | 7.8× | 44.2% | +8.9% |
| Beijing Yanjing Brewery 000729.SZ | China | $4.82B | -14% | +7% | 16% | 1.7× | -4.2% | +7.3% |
| Brown–Forman BF-B | United States | $14.2B | +11% | 0% | 29% | 4.1× | -5.1% | +2.7% |
| Takara 2531.T | Japan | $3.84B | +75% | +9% | 4% | 1.6× | n/a | n/a |
| Kirin 2503.T | Japan | $15.2B | +21% | +6% | 11% | 1.4× | -4.2% | +5.6% |
| Treasury Wine Estates TWE.AX | Australia | $3.56B | +52% | -12% | 17% | 2.6× | 9.3% | -0.4% |
| ZJLD 6979.HK | Hong Kong | $3.41B | -3% | -29% | 13% | 5.5× | n/a | n/a |
| Royal Unibrew A/S RBREW.CO | Denmark | $3.37B | +11% | +3% | 14% | 1.8× | -7.1% | +16.5% |