This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
See my website on stocks or see my blog at the following sites.  www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/ Q3 2016
Molson Coors Brewing Co NYSE: TAP
Molson Coors Canada TSX: TPX.B www.molsoncoors.com Fiscal Yr: Dec 31
Year 12/26/04 12/25/05 12/31/06 12/30/07 12/28/08 12/26/09 12/25/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 Value Description #Y Item
USD - CDN$ 1.2048 1.1630 1.1652 0.9881 1.2215 1.0461 0.9970 1.0186 0.9983 1.0636 1.1601 1.3847 1.3390 1.3390 1.3390 USD - CDN$
Change -6.78% -3.47% 0.19% -15.20% 23.62% -14.36% -4.69% 2.17% -1.99% 6.54% 9.07% 19.36% -3.30% 0.00% 0.00% Change
Accounting Rules US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP Accounting Rules
<--MOL.A Exch R-->
$3,435.4 <-12 mths -3.70%
Revenue* $5,819.7 $7,417.7 $7,901.6 $8,319.7 $6,651.8 $4,426.5 $4,703.1 $5,169.9 $5,615.0 $5,999.6 $5,927.5 $5,127.4
Revenue net Excise tax $4,305.8 $5,506.9 $5,845.0 $6,190.6 $4,774.3 $3,032.4 $3,254.4 $3,515.7 $3,916.5 $4,206.1 $4,146.3 $3,567.5 $9,711 $11,459 $11,567 -35.22% <-Total Growth 10 Revenue US$
Increase 7.64% 27.89% 6.14% 5.91% -22.88% -36.48% 7.32% 8.03% 11.40% 7.39% -1.42% -13.96% 172.21% 18.00% 0.94% -4.25% <-IRR #YR-> 10 Revenue US$
5 year Running Average $3,385.2 $4,003.7 $4,686.8 $5,169.7 $5,324.5 $5,069.8 $4,619.3 $4,153.5 $3,698.7 $3,585.0 $3,807.8 $3,870.4 $5,109 $6,618 $8,090 1.85% <-IRR #YR-> 5 Revenue US$
Revenue per Share $57.18 $32.15 $33.58 $34.25 $26.42 $16.49 $17.42 $18.75 $20.72 $21.94 $21.48 $18.39 $43.28 $51.07 $51.55 -0.34% <-IRR #YR-> 10 5 yr Running Average US$
Increase 4.10% -43.78% 4.47% 1.99% -22.86% -37.59% 5.65% 7.63% 10.52% 5.88% -2.09% -14.40% 135.33% 18.00% 0.94% -3.48% <-IRR #YR-> 5 5 yr Running Average US$
5 year Running Average $46.07 $46.00 $45.96 $42.42 $36.72 $28.58 $25.63 $22.67 $19.96 $19.06 $20.06 $20.26 $25.16 $31.23 $37.15 -5.43% <-IRR #YR-> 10 Revenue per Share US$
P/S (Price/Sales) Med 0.57 1.06 1.01 1.38 1.79 2.48 2.58 2.37 2.03 2.23 3.00 4.36 1.09% <-IRR #YR-> 5 Revenue per Share US$
P/S (Price/Sales) Close 0.66 1.19 1.54 1.31 1.78 2.71 2.88 2.34 2.06 2.56 3.47 5.11 2.40 2.04 2.02 -7.87% <-IRR #YR-> 10 5 yr Running Average US$
*Sales in M US$  P/S Med 10 yr  2.30 5 yr  2.37 4.51% Diff M/C -4.60% <-IRR #YR-> 5 5 yr Running Average US$
-$5,506.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $3,567.5
-$3,254.4 $0.0 $0.0 $0.0 $0.0 $3,567.5
-$4,003.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $3,870.4
-$4,619.3 $0.0 $0.0 $0.0 $0.0 $3,870.4
-$32.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $18.39
-$17.42 $0.00 $0.00 $0.00 $0.00 $18.39
-$46.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.26
-$25.63 $0.00 $0.00 $0.00 $0.00 $20.26
$4,600.0 <-12 mths -6.88%
Molson Pre '05 $3,472.8
Revenue CDN $8,626.8 $9,207.0 $8,220.7 $8,125.2 $4,630.6 $4,689.0 $5,266.2 $5,605.5 $6,381.2 $6,876.5 $7,100.1
Revenue CDN noet Excise Tax $9,646.7 $6,404.5 $6,810.6 $6,116.9 $5,831.8 $3,172.2 $3,244.7 $3,581.2 $3,909.9 $4,473.6 $4,810.1 $4,940.1 $13,003 $15,344 $15,488 -22.87% <-Total Growth 10 Revenue CDN$
Increase -1.60% -33.61% 6.34% -10.19% -4.66% -45.61% 2.28% 10.37% 9.18% 14.42% 7.52% 2.70% 163.22% 18.00% 0.94% -2.56% <-IRR #YR-> 10 Revenue CDN$
5 year Running Average $8,161.7 $8,123.1 $8,105.7 $7,756.4 $6,962.1 $5,667.2 $5,035.2 $4,389.4 $3,947.9 $3,676.3 $4,003.9 $4,343.0 $6,227 $8,514 $10,717 8.77% <-IRR #YR-> 5 Revenue CDN$
Revenue per Share $105.11 $37.39 $39.13 $33.84 $32.27 $17.25 $17.37 $19.10 $20.69 $23.34 $24.92 $25.46 $57.95 $68.38 $69.02 -6.07% <-IRR #YR-> 10 5 yr Running Average CDN$
Increase -1.79% -64.43% 4.67% -13.52% -4.63% -46.55% 0.70% 9.96% 8.31% 12.81% 6.80% 2.17% 127.56% 18.00% 0.94% -2.91% <-IRR #YR-> 5 5 yr Running Average CDN$
5 year Running Average $91.01 $83.03 $74.83 $64.50 $49.55 $31.98 $27.97 $23.97 $21.34 $19.55 $21.08 $22.70 $30.47 $40.01 $49.15 -3.77% <-IRR #YR-> 10 Revenue per Share CDN$
P/S (Price/Sales) Med 2.24 0.88 0.98 0.68 0.62 0.37 0.37 0.42 0.49 0.46 0.34 0.23 7.95% <-IRR #YR-> 5 Revenue per Share CDN$
P/S (Price/Sales) Close 2.34 0.99 0.88 0.66 0.56 0.37 0.34 0.42 0.49 0.39 0.29 0.20 0.42 0.49 0.50 -12.16% <-IRR #YR-> 10 5 yr Running Average CDN$
*Sales in M CDN$ Molson to Molson Coors P/S Med 10 yr  0.44 5 yr  0.42 -5.64% Diff M/C -4.09% <-IRR #YR-> 5 5 yr Running Average CDN$
-$6,404.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $4,940.1
-$3,244.7 $0.0 $0.0 $0.0 $0.0 $4,940.1
-$8,123.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $4,343.0
-$5,035.2 $0.0 $0.0 $0.0 $0.0 $4,343.0
-$37.39 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $25.46
-$17.37 $0.00 $0.00 $0.00 $0.00 $25.46
$2.71 <-12 mths 40.41%
EPS Basic $2.63 $0.85 $2.10 $2.78 $2.13 $3.91 $3.81 $3.66 $2.45 $3.10 $2.78 $1.94 128.24% <-Total Growth 10 EPS Basic US$
EPS Diluted* $2.60 $0.84 $2.08 $2.74 $2.09 $3.87 $3.80 $3.63 $2.44 $3.08 $2.76 $1.93 $4.50 $5.23 $5.63 129.76% <-Total Growth 10 EPS Diluted US$
Increase 8.81% -67.63% 147.62% 31.73% -23.72% 85.17% -1.81% -4.47% -32.78% 26.23% -10.39% -30.07% 133.16% 16.22% 7.65% 8.67% <-IRR #YR-> 10 Earnings per Share US$
Earnings Yield 6.8% 2.2% 4.0% 6.1% 4.4% 8.7% 7.6% 8.3% 5.7% 5.5% 3.7% 2.1% 4.3% 5.0% 5.4% -12.67% <-IRR #YR-> 5 Earnings per Share US$
5 year Running Average $2.06 $1.94 $2.02 $2.13 $2.07 $2.32 $2.92 $3.23 $3.17 $3.36 $3.14 $2.77 $2.94 $3.50 $4.01 3.63% <-IRR #YR-> 10 5 yr Running Average US$
10 year Running Average $1.47 $1.49 $1.64 $1.81 $1.93 $2.19 $2.43 $2.62 $2.65 $2.72 $2.73 $2.84 $3.08 $3.33 $3.69 -1.04% <-IRR #YR-> 5 5 yr Running Average US$
* ESP per share US$ E/P 10 Yrs 5.59% 5Yrs 5.49%
-$0.84 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.93
-$3.80 $0.00 $0.00 $0.00 $0.00 $1.93
-$1.94 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.77
-$2.92 $0.00 $0.00 $0.00 $0.00 $2.77
$3.63 <-12 mths 35.78%
EPS Basic $3.17 $0.99 $2.45 $2.75 $2.60 $4.09 $3.80 $3.73 $2.45 $3.30 $3.23 $2.69 171.75% <-Total Growth 10 EPS Basic CDN$
Molson Pre '05 $1.86
Pre-split '07 $5.17
EPS Diluted* $2.58 $0.98 $2.42 $2.71 $2.55 $4.05 $3.79 $3.70 $2.44 $3.28 $3.20 $2.67 $6.03 $7.00 $7.54 173.57% <-Total Growth 10 EPS Diluted CDN$
Increase -23.14% -62.18% 148.09% 11.71% -5.71% 58.58% -6.42% -2.40% -34.12% 34.48% -2.26% -16.53% 125.46% 16.22% 7.65% 10.59% <-IRR #YR-> 10 Earnings per Share CDN$
Earnings Yield 5.8% 2.6% 5.4% 5.3% 4.4% 8.6% 7.5% 8.2% 5.7% 5.5% 3.7% 2.1% 4.3% 5.0% 5.4% -6.74% <-IRR #YR-> 5 Earnings per Share CDN$
5 year Running Average $1.80 $2.10 $2.27 $2.41 $2.25 $2.54 $3.10 $3.36 $3.30 $3.45 $3.28 $3.06 $3.52 $4.44 $5.29 3.82% <-IRR #YR-> 10 5 yr Running Average CDN$
10 year Running Average $0.97 $0.96 $1.57 $1.80 $1.93 $2.17 $2.60 $2.82 $2.86 $2.85 $2.91 $3.08 $3.44 $3.87 $4.37 -0.31% <-IRR #YR-> 5 5 yr Running Average CDN$
* ESP per share CDN$ E/P 10 Yrs 5.47% 5Yrs 5.49%
-$0.98 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.67
-$3.79 $0.00 $0.00 $0.00 $0.00 $2.67
-$2.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.06
-$3.10 $0.00 $0.00 $0.00 $0.00 $3.06
Special Dividends US$ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends US$
Pre-split '07 $0.82 $1.28 $1.28
Dividend US$* $0.41 $0.64 $0.64 $0.64 $0.76 $0.92 $1.08 $1.24 $1.28 $1.28 $1.48 $1.64 $1.64 $1.64 $1.64 156.25% <-Total Growth 10 Dividends US$
Increase 0.00% 56.10% 0.00% 0.00% 18.75% 21.05% 17.39% 14.81% 3.23% 0.00% 15.63% 10.81% 0.00% 0.00% 0.00% Count 26 Years of data US$
Dividends 5 Yr Running $0.40 $0.45 $0.50 $0.55 $0.62 $0.72 $0.81 $0.93 $1.06 $1.16 $1.27 $1.38 $1.46 $1.54 $1.61 204.85% <-Total Growth 10 Dividends 5 Yr Running US$
Yield H/L Price 1.26% 1.88% 1.88% 1.36% 1.61% 2.25% 2.40% 2.79% 3.04% 2.61% 2.29% 2.05% 1.68% 2.27% <-Median-> 10 Yield H/L Price US$
Yield on High  Price 1.08% 1.63% 1.73% 1.13% 1.28% 1.82% 2.12% 2.44% 2.78% 2.28% 1.90% 1.72% 1.47% 1.86% <-Median-> 10 Yield on High  Price US$
Yield on Low Price 1.52% 2.20% 2.05% 1.70% 2.15% 2.93% 2.78% 3.26% 3.34% 3.06% 2.88% 2.52% 1.96% 2.83% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 1.08% 1.67% 1.24% 1.43% 1.62% 2.06% 2.15% 2.83% 2.99% 2.28% 1.99% 1.75% 1.58% 1.58% 1.58% 2.02% <-Median-> 10 Yield on Close Price US$
Payout Ratio EPS 15.80% 76.19% 30.77% 23.36% 36.36% 23.77% 28.42% 34.16% 52.46% 41.56% 53.62% 84.97% 36.44% 31.36% 29.13% 35.26% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 19.30% 23.44% 24.83% 25.75% 29.87% 30.98% 27.71% 28.77% 33.35% 34.48% 40.48% 50.00% 49.76% 43.89% 40.10% 30.43% <-Median-> 10 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 6.18% 25.96% 13.37% 18.78% 33.37% 20.53% 26.91% 26.78% 24.59% 21.00% 22.45% 45.69% 35.27% 16.77% 15.33% 23.52% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 8.30% 10.04% 10.16% 11.16% 15.78% 20.67% 21.30% 24.67% 25.62% 23.75% 23.97% 26.50% 28.01% 25.01% 22.77% 22.52% <-Median-> 10 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 6.32% 19.07% 13.34% 13.59% 16.71% 15.98% 20.40% 23.28% 26.37% 19.25% 19.67% 35.09% 35.27% 16.77% 15.33% 19.46% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 8.16% 9.39% 9.54% 10.68% 12.93% 15.54% 16.09% 18.10% 20.48% 20.80% 21.45% 23.84% 25.82% 23.08% 21.54% 17.10% <-Median-> 10 DPR CF WC 5 Yr Running US$
Median Values Yield  2.56% 2.37% Payout 53.35% 28.10% 24.73% 9.87% <-IRR #YR-> 10 Dividends US$
* Dividends per share  Curr diff -38.32% Last Div Inc ---> $0.28 $0.32 14.3% 8.71% <-IRR #YR-> 5 Dividends US$
-$0.64 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.64
-$1.08 $0.00 $0.00 $0.00 $0.00 $1.64
Historical Dividends Historical High Div 3.33% Low Div 0.99% Ave Div 2.16% Med Div 1.88% Close Div 1.65% Historical Dividends US$
High/Ave/Median Values Curr diff Exp. -52.64%     59.29% Exp. -26.99% Exp. -16.12% Exp. -4.65% High/Ave/Median  US$
Dividends CDN$ paid $1.22 $1.29 $1.30 $1.63 $2.08 $2.14 70.91% <-Total Growth 4 Dividends CDN$
Special Dividends $0.00 $5.44 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends CDN$
Pre-split '01 CDN$
MOL.A pre-'05 $0.56 CDN$
MOL.A pre-'07 $1.56 CDN$
Dividends CDN$ $0.78 $0.74 $0.75 $0.63 $0.93 $0.96 $1.08 $1.26 $1.28 $1.36 $1.72 $2.27 $2.20 $2.20 $2.20 205.11% <-Total Growth 10 Dividends CDN$
Increase 33.33% -4.30% 0.19% -15.20% 46.80% 3.67% 11.88% 17.30% 1.17% 6.54% 26.12% 32.27% -3.30% 0.00% 0.00% Count 20 Years of data CDN$
Dividends 5 Yr Running $0.58 $1.71 $1.76 $1.78 $1.85 $1.89 $0.87 $0.97 $1.10 $1.19 $1.34 $1.58 $1.76 $1.95 $2.12 -7.97% <-Total Growth 10 Dividends 5 Yr Running CDN$
Yield H/L Price 1.65% 1.76% 1.87% 1.27% 1.79% 2.04% 2.32% 2.79% 3.01% 2.70% 2.37% 2.09% 1.67% 2.20% <-Median-> 10 Yield H/L Price CDN$
Yield on High  Price 1.47% 1.52% 1.69% 1.13% 1.56% 1.78% 2.09% 2.50% 2.78% 2.28% 1.95% 1.73% 1.49% 1.87% <-Median-> 10 Yield on High  Price CDN$
Yield on Low Price 1.88% 2.08% 2.10% 1.45% 2.11% 2.38% 2.59% 3.17% 3.28% 3.30% 3.02% 2.64% 1.90% 2.61% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 1.73% 1.97% 1.67% 1.24% 1.60% 2.05% 2.13% 2.80% 3.01% 2.28% 1.97% 1.75% 1.58% 1.58% 1.58% 2.01% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio EPS 30.11% 76.19% 30.77% 23.36% 36.36% 23.77% 28.42% 34.16% 52.46% 41.56% 53.62% 84.97% 36.44% 31.36% 29.13% 35.26% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 32.05% 81.61% 77.54% 74.04% 82.43% 74.38% 28.00% 28.96% 33.34% 34.45% 40.83% 51.63% 50.10% 43.92% 40.00% 46.23% <-Median-> 10 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 21.28% 25.96% 13.37% 18.78% 33.37% 20.53% 26.91% 26.78% 24.59% 21.00% 22.45% 45.69% 35.27% 16.77% 15.33% 23.52% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 18.03% 52.24% 45.65% 45.74% 50.79% 49.02% 21.28% 24.87% 25.76% 23.69% 23.88% 27.19% 28.91% 25.35% 22.86% 26.48% <-Median-> 10 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 21.28% 215.73% 13.34% 13.59% 16.71% 15.98% 20.40% 23.28% 26.37% 19.25% 19.67% 35.09% 35.27% 16.77% 15.33% 19.46% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 18.03% 52.24% 45.62% 42.89% 41.52% 38.29% 16.04% 18.05% 20.31% 20.74% 21.36% 24.24% 26.46% 23.42% 21.65% 22.80% <-Median-> 10 DPR CF WC 5 Yr Running CDN$
Median Values Yield  2.59% 2.36% Payout 53.35% 28.10% 24.73% 11.80% <-IRR #YR-> 10 Dividends CDN$
* Dividends per share  Curr diff -38.94% Last Div Inc ---> $0.28 $0.32 14.3% 16.10% <-IRR #YR-> 5 Dividends CDN$
-$0.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.27
-$1.08 $0.00 $0.00 $0.00 $0.00 $2.27
Historical Dividends Historical High Div 3.64% Low Div 1.09% Ave Div 2.37% Med Div 2.22% Close Div 2.01% Historical Dividends CDN$
High/Ave/Median Values Curr diff Exp. -56.51%     45.22% Exp. -33.07% Exp. -28.70% Exp. -21.23% High/Ave/Median  CDN$
Future Div Yield Div Yd 5.02% earning in 15 Years at IRR of 8.0% Div Inc. 217.22% Future Div Yield CDN$
Future Div Yield Div Yd 7.38% earning in 20 Years at IRR of 8.0% Div Inc. 366.10% Future Div Yield CDN$
Cost covered if held 5 years 17.42% 51.39% 37.52% 23.12% 20.21% 20.11% 10.26% 12.22% 11.10% 11.46% 14.17% 16.96% 19.52% 22.92% 20.97% 15.57% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 10 years 75.37% 69.39% 69.19% 74.44% 77.43% 58.20% 37.40% 33.17% 34.35% 28.90% 34.38% 30.74% 31.86% 63.70% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 15 years 107.75% 102.76% 103.79% 114.83% 124.72% 95.74% 62.64% 56.23% 107.75% <-Median-> 5 Paid Median Price CDN$
Cost covered if held 20 years 166.51% 161.79% 165.39% #NUM! <-Median-> 0 Paid Median Price CDN$
H/LYield held 5 yrs 4.69% 4.46% 3.17% 1.64% 2.02% 2.05% 2.54% 3.17% 2.58% 2.63% 3.63% 4.88% 4.86% 5.17% 4.35% 2.60% <-Median-> 10 Paid Median Price CDN$
H/LYield held 10 yrs 4.97% 3.83% 5.41% 5.80% 6.45% 5.37% 3.31% 2.97% 3.65% 5.36% 5.52% 4.43% 4.24% 5.16% <-Median-> 10 Paid Median Price CDN$
H/LYield held 15 yrs 8.41% 7.74% 7.93% 10.36% 13.61% 9.34% 5.69% 4.79% 8.41% <-Median-> 5 Paid Median Price CDN$
H/LYield held 20 yrs 14.62% 13.31% 12.79% #NUM! <-Median-> 0 Paid Median Price CDN$
Graham No. CDN$ $46.32 $28.19 $46.08 $48.79 $48.19 $60.62 $59.73 $58.79 $48.02 $59.44 $58.35 $54.98 $89.58 $96.57 $100.20 95.05% <-Total Growth 10 Graham Price CDN$
Price/GP Ratio Med 1.01 1.50 0.86 1.02 1.08 0.78 0.78 0.77 0.88 0.85 1.24 1.98 1.47 0.87 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.14 1.73 0.96 1.14 1.24 0.89 0.86 0.86 0.96 1.00 1.51 2.39 1.65 0.98 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 0.89 1.27 0.77 0.89 0.91 0.67 0.70 0.68 0.81 0.69 0.97 1.57 1.29 0.79 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 0.97 1.34 0.97 1.04 1.20 0.78 0.84 0.77 0.88 1.00 1.49 2.36 1.55 1.44 1.38 0.99 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close -3.05% 34.03% -3.31% 4.44% 20.20% -22.39% -15.54% -23.29% -11.55% 0.36% 49.09% 136.44% 54.87% 43.65% 38.46% -1.47% <-Median-> 10 Graham Price CDN$
Pre-split '01
MOL.A '05 $32.33
MOL.A '07 $89.81
Price Close CDN $ $44.90 $37.78 $44.56 $50.96 $57.92 $47.05 $50.45 $45.10 $42.48 $59.65 $87.00 $130.00 $138.73 $138.73 $138.73 244.10% <-Total Growth 10 Stock Price CDN$
Increase -3.98% -15.86% 17.95% 14.36% 13.66% -18.77% 7.23% -10.60% -5.81% 40.42% 45.85% 49.43% 6.72% 0.00% 0.00% 13.15% <-IRR #YR-> 10 Stock Price CDN$
P/E 17.38 38.67 18.39 18.82 22.69 11.62 13.32 12.20 17.44 18.21 27.17 48.64 23.02 19.81 18.40 20.84% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E 13.36 14.62 45.61 21.03 21.39 18.43 12.46 11.90 11.49 24.49 26.56 40.60 51.91 23.02 19.81 14.90% <-IRR #YR-> 10 Price & Dividend CDN$
Median 10, 5 yrs MOL.A to TPX.B D.  per yr 1.75% 2.10% % Tot Ret 11.73% 9.16% Price Inc 40.42% P/E:  18.30 18.21 22.94% <-IRR #YR-> 5 Price & Dividend CDN$
-$37.78 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $130.00
-$50.45 $0.00 $0.00 $0.00 $0.00 $130.00
-$37.78 $0.75 $0.63 $0.93 $0.96 $1.08 $1.26 $1.28 $1.36 $1.72 $132.27
-$50.45 $1.26 $1.28 $1.36 $1.72 $132.27
Price Med H/L CDN $ $47.01 $42.34 $39.81 $49.61 $51.84 $47.24 $46.51 $45.20 $42.50 $50.44 $72.43 $108.67 $131.60 156.66% <-Total Growth 10 Stock Price CDN$
Increase 2.50% -9.93% -5.99% 24.62% 4.51% -8.87% -1.55% -2.83% -5.96% 18.68% 43.59% 50.04% 21.10% 9.88% <-IRR #YR-> 10 Stock Price CDN$
P/E 18.20 43.34 16.42 18.32 20.31 11.67 12.28 12.22 17.45 15.40 22.62 40.66 21.84 18.50% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E 13.99 16.39 40.75 20.47 19.15 18.50 11.49 11.93 11.49 20.71 22.11 33.94 49.24 11.66% <-IRR #YR-> 10 Price & Dividend CDN$
P/E on Run. 5 yr Ave 26.07 20.15 17.50 20.58 23.05 18.58 14.98 13.45 12.86 14.62 22.08 35.55 37.36 20.86% <-IRR #YR-> 5 Price & Dividend CDN$
P/E on Run. 10 yr Ave 44.03 25.34 27.54 26.92 21.75 17.87 16.04 14.87 17.70 24.88 35.28 38.25 15.91 P/E Ratio Historical Median CDN$
Median 10, 5 yrs MOL.A to TPX.B D.  per yr 1.78% 2.37% % Tot Ret 15.24% 11.34% Price Inc 18.68% P/E:  16.94 17.45 Count 20 Years of data CDN$
-$42.34 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $108.67
-$46.51 $0.00 $0.00 $0.00 $0.00 $108.67
-$42.34 $0.75 $0.63 $0.93 $0.96 $1.08 $1.26 $1.28 $1.36 $1.72 $110.94
-$46.51 $1.26 $1.28 $1.36 $1.72 $110.94
Hi Mths CDN$ Jan-Mar Apr 05 Dec 06 Dec 07 Jun  08 Sep Dec Jan Jan Dec Nov Dec Oct
Pre-split '01
MOL.A '05 $37.98
MOL.A '07 $105.50
Price High $52.75 $48.87 $44.14 $55.74 $59.68 $53.98 $51.40 $50.50 $46.00 $59.65 $88.00 $131.20 $147.85 168.47% <-Total Growth 10 Stock Price CDN$
Increase -3.11% -7.36% -9.68% 26.28% 7.07% -9.55% -4.78% -1.75% -8.91% 29.67% 47.53% 49.09% 12.69% 10.38% <-IRR #YR-> 10 Stock Price CDN$
P/E 20.42 50.02 18.21 20.59 23.38 13.33 13.57 13.66 18.88 18.21 27.48 49.09 24.54 20.61% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E 15.69 18.92 45.18 23.00 22.04 21.14 12.70 13.33 12.44 24.49 26.86 40.98 55.32 18.55 P/E Ratio Historical Median CDN$
Median 10, 5 yrs  MOL.A to TPX.B Price Inc 29.67% P/E:  18.55 18.88 26.77 P/E Ratio Historical High CDN$
-$48.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $131.20
-$51.40 $0.00 $0.00 $0.00 $0.00 $131.20
Low Mths CDN$ Oct-Dec Nov 05 May 06 Aug 07 Oct 08 Mar Feb Nov Nov Jan Jan Aug Feb
Pre-split '01
MOL.A '05 $29.71
MOL.A '07 $82.53
Price Low CDN$ $41.26 $35.81 $35.47 $43.47 $44.00 $40.50 $41.62 $39.89 $39.00 $41.23 $56.85 $86.14 $115.35 140.55% <-Total Growth 10 Stock Price CDN$
Increase 10.69% -13.22% -0.95% 22.55% 1.22% -7.95% 2.77% -4.16% -2.23% 5.72% 37.89% 51.52% 33.91% 9.17% <-IRR #YR-> 10 Stock Price CDN$
P/E 15.97 36.66 14.64 16.06 17.24 10.00 10.99 10.79 16.01 12.59 17.76 32.23 19.14 15.66% <-IRR #YR-> 5 Stock Price CDN$
Trailing P/E 12.28 13.86 36.31 17.94 16.25 15.86 10.28 10.53 10.55 16.93 17.35 26.90 43.16 13.36 P/E Ratio Historical Median CDN$
Median 10, 5 yrs MOL.A to TPX.B Price Inc 5.72% P/E:  15.32 16.01 9.54 P/E Ratio Historical Low CDN$
-$35.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $86.14
-$41.62 $0.00 $0.00 $0.00 $0.00 $86.14
Price Close US$ $37.93 $38.22 $51.62 $44.86 $47.04 $44.65 $50.19 $43.79 $42.79 $56.15 $74.52 $93.92 $104.00 $104.00 $104.00 145.74% <-Total Growth 10 Stock Price US$
Increase 35.17% 0.76% 35.06% -13.10% 4.86% -5.08% 12.41% -12.75% -2.28% 31.22% 32.72% 26.03% 10.73% 0.00% 0.00% 9.41% <-IRR #YR-> 10 Stock Price US$
P/E 14.62 45.50 24.82 16.37 22.51 11.54 13.21 12.06 17.54 18.23 27.00 48.66 23.11 19.89 18.47 13.35% <-IRR #YR-> 5 Stock Price US$
Trailing P/E 15.90 14.73 61.45 21.57 17.17 21.36 12.97 11.52 11.79 23.01 24.19 34.03 53.89 23.11 19.89 11.23% <-IRR #YR-> 10 Price & Dividend US$
Median 10, 5 yrs  TAP D.  per yr 1.82% 2.15% % Tot Ret 16.23% 13.85% Price Inc 26.03% P/E:  17.88 18.23 15.50% <-IRR #YR-> 5 Price & Dividend US$
-$38.22 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $93.92
-$50.19 $0.00 $0.00 $0.00 $0.00 $93.92
-$38.22 $0.64 $0.64 $0.76 $0.92 $1.08 $1.24 $1.28 $1.28 $1.48 $95.56
-$50.19 $1.24 $1.28 $1.28 $1.48 $95.56
Price Med H/L US$ $32.46 $34.10 $34.08 $47.16 $47.34 $40.97 $44.92 $44.37 $42.15 $48.99 $64.54 $80.16 $97.44 135.07% <-Total Growth 10 Stock Price US$
Increase 18.55% 5.05% -0.06% 38.38% 0.37% -13.46% 9.64% -1.22% -4.99% 16.23% 31.73% 24.21% 21.56% 8.92% <-IRR #YR-> 10 Stock Price US$
P/E 12.51 40.60 16.38 17.21 22.65 10.59 11.82 12.22 17.27 15.91 23.38 41.53 21.65 12.28% <-IRR #YR-> 5 Stock Price US$
Trailing P/E 13.61 13.14 40.57 22.67 17.28 19.60 11.61 11.68 11.61 20.08 20.95 29.04 50.49 11.01% <-IRR #YR-> 10 Price & Dividend US$
P/E on Run. 5 yr Ave 15.74 17.60 16.85 22.16 22.88 17.63 15.40 13.75 13.31 14.56 20.54 28.96 33.12 14.72% <-IRR #YR-> 5 Price & Dividend US$
P/E on Run. 10 yr Ave 22.14 22.83 20.72 26.05 24.54 18.68 18.51 16.91 15.92 18.03 23.61 28.21 31.60 17.10 P/E Ratio Historical Median US$
Median 10, 5 yrs TAP D.  per yr 2.08% 2.44% % Tot Ret 18.93% 16.58% Price Inc 16.23% P/E:  16.80 17.27 Count 22 Years of data US$
-$34.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $80.16
-$44.92 $0.00 $0.00 $0.00 $0.00 $80.16
-$34.10 $0.64 $0.64 $0.76 $0.92 $1.08 $1.24 $1.28 $1.28 $1.48 $81.80
-$44.92 $1.24 $1.28 $1.28 $1.48 $81.80
High Months US$ Dec Apr Apr Oct Jun Oct  Dec Jan Sep Dec Nov Nov Oct
Pre-split '07
Price High US$ $37.93 $39.15 $36.89 $56.60 $59.26 $50.49 $50.93 $50.74 $46.00 $56.15 $77.75 $95.13 $111.25 142.99% <-Total Growth 10 Stock Price US$
Increase 19.73% 3.22% -5.77% 53.43% 4.70% -14.80% 0.87% -0.37% -9.34% 22.07% 38.47% 22.35% 16.95% 9.28% <-IRR #YR-> 10 Stock Price US$
P/E 14.62 46.61 17.74 20.66 28.35 13.05 13.40 13.98 18.85 18.23 28.17 49.29 24.72 13.31% <-IRR #YR-> 5 Stock Price US$
Trailing P/E 15.90 15.09 43.92 27.21 21.63 24.16 13.16 13.35 12.67 23.01 25.24 34.47 57.64 19.95 P/E Ratio Historical Median US$
Median 10, 5 yrs  TAP Price Inc 22.07% P/E:  18.54 18.85 28.24 P/E Ratio Historical High US$
-$39.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $95.13
-$50.93 $0.00 $0.00 $0.00 $0.00 $95.13
Low Months US$ Jan May Feb Jan Oct Mar Mar Nov Jun Jan Jan Aug Feb
Price Low US$ $26.99 $29.05 $31.27 $37.72 $35.41 $31.44 $38.90 $37.99 $38.30 $41.83 $51.32 $65.19 $83.63 124.41% <-Total Growth 10 Stock Price US$
Increase 16.94% 7.63% 7.64% 20.63% -6.12% -11.21% 23.73% -2.34% 0.82% 9.22% 22.69% 27.03% 28.29% 8.42% <-IRR #YR-> 10 Stock Price US$
P/E 10.40 34.58 15.03 13.77 16.94 8.12 10.24 10.47 15.70 13.58 18.59 33.78 18.58 10.88% <-IRR #YR-> 5 Stock Price US$
Trailing P/E 11.32 11.19 37.23 18.13 12.92 15.04 10.05 10.00 10.55 17.14 16.66 23.62 43.33 13.48 P/E Ratio Historical Median US$
Median 10, 5 yrs  Price Inc 9.22% P/E:  14.40 15.70 10.02 P/E Ratio Historical Low US$
-$29.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $65.19
Debt US$ $2,321 $2,909 $9,561 Debt US$
Debt CDN$ $2,693 $4,028 $12,802 Debt CDN$
% of Market Cap 0.16 0.16 0.41 0.16 <-Median-> 2 % of Market C.
Goodwill US$ $9,688 $9,244 $7,947 $6,732 $6,806 Intangibles Goodwill US$
Goodwill CDN$ $9,672 $9,832 $9,220 $9,322 $9,113 Intangibles Goodwill CDN$
% of Market Cap 1.20 0.86 0.55 0.37 0.29 0.70 <-Median-> 4 % of Market C. CDN$
Market Cap US$ $3,481 $6,548 $8,984 $8,109 $8,500 $8,211 $9,375 $8,211 $8,087 $10,764 $14,382 $18,220 $23,338 $23,338 $23,338 178.28% <-Total Growth 10 Market Cap  US$
Market Cap CDN$ $4,121 $6,472 $7,756 $9,211 $10,466 $8,652 $9,424 $8,456 $8,029 $11,435 $16,791 $25,220 $31,131 $31,131 $31,131 289.67% <-Total Growth 10 Market Cap  CDN$
Diluted 186.4 181.8 184.2 184.2 186.4 216.3 0.00% <-Total Growth 4 Diluted
Change -2.47% 1.32% 0.00% 1.19% 16.04% 0.60% <-Median-> 4 Change
Average # of Sh in M 158.81 172.17 178.68 182.60 184.40 185.90 184.9 180.8 183.0 183.0 185.3 214.8 16.68% <-Total Growth 10 Average
Change 8.41% 3.78% 2.19% 0.99% 0.81% -0.54% -2.22% 1.22% 0.00% 1.26% 15.92% 1.10% <-Median-> 10 Change
Difference 7.9% 1.1% 1.2% -1.0% -0.3% 0.5% 1.4% 4.5% 4.8% 5.5% 4.7% 4.5% 1.28% <-Median-> 10 Difference
$865 <-12 mths 24.22%
Class A Common Shares 2.691 2.675 2.675 2.7 2.7 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 1.34% % of total Shares
Class B Common Shares 123.505 133.217 149.638 149.6 157.1 162.0 162.7 164.2 167.2 169.9 172.5 203.5 203.5 203.5 88.92% % of total Shares
Class A Exchangeable Shares 3.854 3.314 3.316 3.3 3.2 3.0 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 1.49% % of total Shares
Class B Exchangeable Shares 41.262 34.844 25.124 25.1 20.9 19.2 19.3 19.3 19.0 17.6 16.0 15.4 15.4 15.4 8.25% % of total Shares
# of Share in Millions 91.781 171.312 174.050 180.753 180.7 183.9 186.8 187.5 189.0 191.7 193.0 194.0 224.4 224.4 224.4 1.25% <-IRR #YR-> 10 Shares
Change 0.20% 86.65% 1.60% 3.85% -0.03% 1.77% 1.58% 0.37% 0.80% 1.43% 0.68% 0.52% 15.67% 0.00% 0.00% 0.76% <-IRR #YR-> 5 Shares
CF fr Op $M US$ $499.9 $422.3 $833.2 $616.0 $411.5 $824.2 $749.7 $868.1 $983.7 $1,168.2 $1,272.6 $696.4 $1,043.5 $2,194.6 $2,401.1 64.92% <-Total Growth 10 Cash Flow US$
Increase -5.47% -15.53% 97.32% -26.07% -33.20% 100.29% -9.04% 15.79% 13.32% 18.76% 8.94% -45.28% 49.84% 110.32% 9.41% S. Issues SO Exchge of Shares
5 year Running Average $353.2 $380.6 $508.6 $580.1 $556.6 $621.5 $686.9 $693.9 $767.4 $918.8 $1,008.5 $997.8 $1,032.9 $1,275.1 $1,521.6 162.17% <-Total Growth 10 CF 5 Yr Running US$
CFPS $6.64 $2.46 $4.79 $3.41 $2.28 $4.48 $4.01 $4.63 $5.20 $6.09 $6.59 $3.59 $4.65 $9.78 $10.70 45.63% <-Total Growth 10 Cash Flow per Share US$
Increase -8.58% -62.87% 94.22% -28.81% -33.18% 96.81% -10.45% 15.36% 12.42% 17.08% 8.20% -45.56% 29.54% 110.32% 9.41% 5.13% <-IRR #YR-> 10 Cash Flow US$ 64.92%
5 year Running Average $4.80 $4.52 $4.94 $4.91 $3.92 $3.48 $3.79 $3.76 $4.12 $4.88 $5.31 $5.22 $5.23 $6.14 $7.06 -1.46% <-IRR #YR-> 5 Cash Flow US$ -7.11%
P/CF on Med Price 4.89 13.83 7.12 13.84 20.79 9.14 11.19 9.58 8.10 8.04 9.79 22.33 20.95 3.83% <-IRR #YR-> 10 Cash Flow per Share US$ 45.63%
P/CF on Closing Price 5.71 15.51 10.78 13.16 20.66 9.96 12.51 9.46 8.22 9.21 11.30 26.16 22.37 -2.21% <-IRR #YR-> 5 Cash Flow per Share US$ -10.56%
130.93% Diff M/C 1.45% <-IRR #YR-> 10 CFPS 5 yr Running US$ 15.48%
Excl.Working Capital CF -$11.63 $152.55 $1.82 $235.5 $410.2 $234.3 $239.1 $130.7 -$66.2 $106.7 $179.2 $210.4 $0.0 $0.0 $0.0 6.60% <-IRR #YR-> 5 CFPS 5 yr Running US$ 37.66%
CF fr Op $M WC $488.3 $574.8 $835.1 $851.5 $821.7 $1,058.5 $988.8 $998.8 $917.5 $1,274.9 $1,451.8 $906.8 $1,043.5 $2,194.6 $2,401.1 57.75% <-Total Growth 10 Cash Flow less WC US$
Increase 6.40% 17.72% 45.27% 1.97% -3.50% 28.82% -6.58% 1.01% -8.14% 38.95% 13.88% -37.54% 15.07% 110.32% 9.41% 4.66% <-IRR #YR-> 10 Cash Flow less WC US$ 57.75%
5 year Running Average $359 $421 $549 $642 $714 $828 $911 $944 $957 $1,048 $1,126 $1,110 $1,119 $1,374 $1,600 -1.72% <-IRR #YR-> 5 Cash Flow less WC US$ -8.29%
CFPS Excl. WC $6.48 $3.36 $4.80 $4.71 $4.55 $5.76 $5.29 $5.33 $4.85 $6.65 $7.52 $4.67 $4.65 $9.78 $10.70 10.18% <-IRR #YR-> 10 CF less WC 5 Yr Run US$ 163.73%
Increase 2.90% -48.25% 42.99% -1.81% -3.48% 26.58% -8.04% 0.63% -8.87% 37.00% 13.11% -37.86% -0.52% 110.32% 9.41% 4.03% <-IRR #YR-> 5 CF less WC 5 Yr Run US$ 21.82%
5 year Running Average $4.88 $4.84 $5.26 $5.13 $4.78 $4.63 $5.02 $5.13 $5.16 $5.58 $5.93 $5.81 $5.67 $6.66 $7.47 3.37% <-IRR #YR-> 10 CFPS - Less WC US$ 39.30%
P/CF on Med Price 5.01 10.16 7.10 10.01 10.41 7.12 8.49 8.33 8.68 7.37 8.58 17.15 -2.46% <-IRR #YR-> 5 CFPS - Less WC US$ -11.70%
P/CF on Closing Price 5.85 11.39 10.76 9.52 10.34 7.76 9.48 8.22 8.81 8.44 9.91 20.09 22.37 10.63 9.72 1.84% <-IRR #YR-> 10 CFPS 5 yr Running US$ 20.04%
CF/-WC P/CF Med 10 yr 9.68 5 yr  9.58 P/CF Med 10 yr 8.53 5 yr  8.58 162.13% Diff M/C 2.95% <-IRR #YR-> 5 CFPS 5 yr Running US$ 15.63%
Molson -->Molson Coors
CF fr Op $M CDN$ $335.4 $491.1 $970.9 $608.7 $502.6 $862.2 $747.5 $884.3 $982.0 $1,242.5 $1,476.3 $964.3 $1,397.2 $2,938.6 $3,215.0 96.36% <-Total Growth 10 Cash Flow CDN$
Increase -9.38% 46.42% 97.70% -37.30% -17.42% 71.53% -13.31% 18.30% 11.06% 26.52% 18.82% -34.68% 44.89% 110.32% 9.41% S. Issues SO Exchge of Shares
5 year Running Average $288 $344 $492 $555 $582 $687 $738 $721 $795.72 $943.69 $1,066.52 $1,109.90 $1,212.48 $1,603.80 $1,998.31 222.85% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS CDN$ $3.65 $2.87 $5.58 $3.37 $2.78 $4.69 $4.00 $4.72 $5.20 $6.48 $7.65 $4.97 $6.23 $13.10 $14.33 73.40% <-Total Growth 10 Cash Flow per Share CDN$
Increase -9.55% -21.55% 94.59% -39.63% -17.40% 68.55% -14.65% 17.86% 10.18% 24.74% 18.02% -35.02% 25.26% 110.32% 9.41% 6.98% <-IRR #YR-> 10 Cash Flow CDN$ 96.36%
5 year Running Average $3.21 $3.28 $3.86 $3.90 $3.65 $3.86 $4.08 $3.91 $4.28 $5.02 $5.61 $5.80 $6.10 $7.68 $9.25 5.23% <-IRR #YR-> 5 Cash Flow CDN$ 29.02%
P/CF on Med Price 12.86 14.77 7.14 14.73 18.64 10.08 11.62 9.58 8.18 7.78 9.47 21.86 21.14 5.66% <-IRR #YR-> 10 Cash Flow per Share CDN$ 73.40%
P/CF on Closing Price 12.29 13.18 7.99 15.13 20.82 10.04 12.61 9.56 8.18 9.20 11.37 26.15 22.28 4.43% <-IRR #YR-> 5 Cash Flow per Share CDN$ 24.23%
126.67% Diff M/C 5.86% <-IRR #YR-> 10 CFPS 5 yr Running CDN$ 76.78%
Excl.Working Capital CF $2.12 $232.70 $501.06 $245.10 $238.38 $133.13 -$66.09 $113.49 $207.89 $291.35 $0.00 $0.00 $0.00 7.28% <-IRR #YR-> 5 CFPS 5 yr Running CDN$ 42.10%
CF fr Op $M WC CDN$ $335.4 $491.1 $973.0 $841.4 $1,003.7 $1,107.3 $985.8 $1,017.4 $915.9 $1,356.0 $1,684.2 $1,255.7 $1,397.2 $2,938.6 $3,215.0 155.69% <-Total Growth 10 Cash Flow less WC CDN$
Increase -9.38% 46.42% 98.13% -13.53% 19.29% 10.32% -10.97% 3.20% -9.97% 48.04% 24.21% -25.44% 11.27% 110.32% 9.41% 9.84% <-IRR #YR-> 10 Cash Flow less WC CDN$ 155.69%
5 year Running Average $288 $344 $492 $602 $729 $883 $982 $991 $1,006 $1,076 $1,192 $1,246 $1,322 $1,726 $2,098 4.96% <-IRR #YR-> 5 Cash Flow less WC CDN$ 27.37%
CFPS Excl. WC CDN$ $3.65 $2.87 $5.59 $4.65 $5.55 $6.02 $5.28 $5.43 $4.85 $7.07 $8.73 $6.47 $6.23 $13.10 $14.33 13.74% <-IRR #YR-> 10 CF less WC 5 Yr Run CDN$ 262.40%
Increase -9.55% -21.55% 95.01% -16.73% 19.32% 8.40% -12.35% 2.82% -10.69% 45.96% 23.37% -25.83% -3.80% 110.32% 9.41% 4.87% <-IRR #YR-> 5 CF less WC 5 Yr Run CDN$ 26.84%
5 year Running Average $3.21 $3.28 $3.87 $4.16 $4.46 $4.94 $5.42 $5.39 $5.43 $5.73 $6.27 $6.51 $6.67 $8.32 $9.77 8.48% <-IRR #YR-> 10 CFPS - Less WC CDN$ 125.78%
P/CF on Med Price 12.86 14.77 7.12 10.66 9.33 7.85 8.81 8.33 8.77 7.13 8.30 16.79 4.17% <-IRR #YR-> 5 CFPS - Less WC CDN$ 22.64%
P/CF on Closing Price 12.29 13.18 7.97 10.95 10.43 7.81 9.56 8.31 8.77 8.43 9.97 20.08 22.28 10.59 9.68 7.09% <-IRR #YR-> 10 CFPS 5 yr Running CDN$ 98.30%
*Operational Cash Flow per share US$ CF/-WC P/CF Med 10 yr 9.83 5 yr  9.47 P/CF Med 10 yr 8.55 5 yr  8.33 160.62% Diff M/C 3.73% <-IRR #YR-> 5 CFPS 5 yr Running CDN$ 20.10%
-$2.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.97 Cash Flow per Share CDN$
-$4.00 $0.00 $0.00 $0.00 $0.00 $4.97 Cash Flow per Share CDN$
-$3.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.80 CFPS 5 yr Running CDN$
-$4.08 $0.00 $0.00 $0.00 $0.00 $5.80 CFPS 5 yr Running CDN$
-$491 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,256 Cash Flow less WC CDN$
-$986 $0 $0 $0 $0 $1,256 Cash Flow less WC CDN$
-$344 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,246 CF less WC 5 Yr Run CDN$
-$982 $0 $0 $0 $0 $1,246 CF less WC 5 Yr Run CDN$
-$2.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.47 CFPS - Less WC CDN$
-$5.28 $0.00 $0.00 $0.00 $0.00 $6.47 CFPS - Less WC CDN$
-$3.28 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.51 CFPS 5 yr Running CDN$
-$5.42 $0.00 $0.00 $0.00 $0.00 $6.51 CFPS 5 yr Running CDN$
OPM 3.5% 7.7% 14.3% 10.0% 8.6% 27.2% 23.0% 24.7% 25.1% 27.8% 30.7% 19.5% 154.57% <-Total Growth 10 OPM CDN$
Increase -7.90% 120.55% 85.91% -30.20% -13.39% 215.35% -15.24% 7.19% 1.72% 10.58% 10.51% -36.40% Should increase  or be stable. CDN$
Diff from Ave -85.4% -67.9% -40.3% -58.3% -63.9% 13.9% -3.5% 3.5% 5.2% 16.4% 28.6% -18.2% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 23.86% 5 Yrs 25.12% should be  zero, it is a   check on calculations CDN$
Current Assets US$ $1,268.2 $1,468.2 $1,458.4 $1,776.8 $1,107.1 $1,762.8 $2,220.9 $2,118.0 $1,748.0 $1,537.7 $1,578.9 $1,258.8 $10,947.7 Liquidity ratio of 1.5 and up, best US$
Current Liabilities $1,176.9 $2,236.6 $1,800.1 $1,735.6 $986.1 $1,580.9 $1,333.9 $1,277.2 $2,598.7 $2,142.1 $2,325.3 $1,217.2 $1,605.7 1.03 <-Median-> 10 Ratio US$
Liquidity 1.08 0.66 0.81 1.02 1.12 1.12 1.66 1.66 0.67 0.72 0.68 1.03 6.82 0.72 <-Median-> 5 Ratio US$
Curr Long Term Debt $1,245.6 $1,245.6 $849.4 $28.7 $28.7
Current Assets CDN$ $430.2 $1,707.6 $1,699.3 $1,755.7 $1,352.3 $1,844.1 $2,214.3 $2,157.4 $1,745.0 $1,635.5 $1,831.7 $1,743.1 $14,659.0 Liquidity ratio of 1.5 and up, best CDN$
Current Liabilities $1,025.4 $2,601.2 $2,097.5 $1,714.9 $1,204.5 $1,653.8 $1,329.9 $1,301.0 $2,594.3 $2,278.3 $2,697.6 $1,685.5 $2,150.0 1.03 <-Median-> 10 Ratio CDN$
Liquidity 0.42 0.66 0.81 1.02 1.12 1.12 1.66 1.66 0.67 0.72 0.68 1.03 6.82 0.72 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 0.68 0.80 1.21 1.31 1.40 1.53 2.08 2.16 0.96 1.15 1.10 1.34 7.24 1.15 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  0.68 0.78 1.04 1.05 1.10 1.36 1.63 1.70 0.48 1.02 1.09 1.32 7.24 1.09 <-Median-> 5 Ratio CDN$
Curr Long Term Debt $1,243.5 $1,324.8 $985.4 $39.7 $326.9 Curr Long Term Debt CDN$
Liquidity Less CLTD 1.29 1.72 1.07 1.06 8.04 1.18 <-Median-> 4 Ratio CDN$
Liq. with CF aft div 1.84 2.74 1.74 1.38 8.54 1.79 <-Median-> 4 Ratio CDN$
Assets US$ $4,657.5 $11,799.3 $11,603.4 $13,451.6 $10,416.6 $12,021.1 $12,697.6 $12,423.8 $16,212.2 $15,580.1 $13,996.3 $12,276.3 $22,196.8 Debt Ratio of 1.5 and up, best US$
Liabilities $3,019.5 $6,474.5 $5,786.1 $6,258.4 $4,426.9 $4,928.3 $4,855.0 $4,733.6 $8,220.6 $6,916.3 $6,110.2 $5,213.2 $12,256.4 2.32 <-Median-> 10 Ratio US$
Debt Ratio 1.54 1.82 2.01 2.15 2.35 2.44 2.62 2.62 1.97 2.25 2.29 2.35 1.81 2.29 <-Median-> 5 Ratio US$
Check $1,638.0 $5,324.7 $5,817.4 $7,193.1 $5,989.7 $7,092.8 $7,842.6 $7,690.2 $7,991.6 $8,663.8 $7,886.1 $7,063.1 $9,940.4
Assets CDN$ $3,930.6 $13,722.5 $13,520.3 $13,291.5 $12,723.9 $12,575.3 $12,659.6 $12,655.1 $16,184.8 $16,571.0 $16,237.1 $16,999.5 $29,721.5 Debt Ratio of 1.5 and up, best CDN$
Liabilities $2,711.2 $7,529.9 $6,741.9 $6,183.9 $5,407.5 $5,155.5 $4,840.5 $4,821.7 $8,206.7 $7,356.2 $7,088.4 $7,218.9 $16,411.3 2.32 <-Median-> 10 Ratio CDN$
Debt Ratio 1.45 1.82 2.01 2.15 2.35 2.44 2.62 2.62 1.97 2.25 2.29 2.35 1.81 2.29 <-Median-> 5 Ratio CDN$
Total Book Value US$ $1,601 $5,325 $5,817 $7,149 $5,980 $7,106 $7,886.4 $7,690.2 $7,991.6 $8,663.8 $7,886.1 $7,063.1 $9,940.4 32.65% <-Total Growth 10 Book Value US$
Non-Controlling Int US$ $13.2 $43.8 $42.3 $24.7 $24.9 $22.8 $20.1 $20.9 Non-Controlling Int US$ US$
Book Value US$ $1,601 $5,325 $5,817 $7,149 $5,980 $7,093 $7,842.6 $7,647.9 $7,966.9 $8,638.9 $7,863.3 $7,043.0 $9,919.5 32.27% <-Total Growth 10 Book Value US$
Check BV CDN$ $7,978.1 $9,214.8 $9,148.7 $9,780.6 $13,310.2
Total Book Value CDN$ $1,219 $6,193 $6,778 $7,064 $7,305 $7,434 $7,862.8 $7,833.4 $7,978.1 $9,214.8 $9,148.7 $9,780.6 $13,310.2 57.94% <-Total Growth 10 Book Value CDN$
Non-Controlling Int CDN$ $0.0 $13.8 $43.7 $43.1 $24.7 $26.5 $26.5 $27.8 $28.0 CDN$
Book Value CDN$ $1,219 $6,193 $6,778 $7,064 $7,305 $7,419.8 $7,819.1 $7,790.3 $7,953.4 $9,188.3 $9,122.2 $9,752.7 $13,282.2 $13,282 $13,282 57.49% <-Total Growth 10 Book Value CDN$
BV per share '05 $13.29 Book Value CDN$
Book Value per share $36.91 $36.15 $38.95 $39.08 $40.43 $40.35 $41.86 $41.55 $42.08 $47.93 $47.27 $50.27 $59.19 $59.19 $59.19 39.07% <-Total Growth 10 Book Value per Share CDN$
Change 17.81% -2.05% 7.74% 0.35% 3.44% -0.20% 3.75% -0.74% 1.28% 13.90% -1.39% 6.36% 17.74% 0.00% 0.00% 105.42% P/B Ratio Current/10 Year Median CDN$
P/B Ratio (Median) 1.27 1.17 1.02 1.27 1.28 1.17 1.11 1.09 1.01 1.05 1.53 2.16 2.22 1.09 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 1.22 1.05 1.14 1.30 1.43 1.17 1.21 1.09 1.01 1.24 1.84 2.59 2.34 2.34 2.34 3.35% <-IRR #YR-> 10 Book Value CDN$
Change -18.50% -14.10% 9.48% 13.96% 9.88% -18.61% 3.35% -9.94% -7.00% 23.28% 47.90% 40.49% -9.36% 0.00% 0.00% 3.73% <-IRR #YR-> 5 Book Value CDN$
Leverage (A/BK) 3.22 2.22 1.99 1.88 1.74 1.69 1.61 1.62 2.03 1.80 1.77 1.74 2.23 1.76 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 2.22 1.22 0.99 0.88 0.74 0.69 0.62 0.62 1.03 0.80 0.77 0.74 1.23 0.76 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.14 5 yr Med 1.09 105.42% Diff M/C 1.79 Historical Leverage (A/BK) CDN$
-$36.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $50.27
-$41.86 $0.00 $0.00 $0.00 $0.00 $50.27
$496.50 <-12 mths -214.22%
Comprehensive Inc US$ $860.30 $376.30 $594.40 $765.40 -$535.50 -$437.00 -150.80% <-Total Growth 5 Comprehensive Inc  US$
NCI $2.20 $0.08 -$3.90 $5.20 $3.80 -$2.30 -204.55% <-Total Growth 5 NCI US$
Shareholders $663.10 $1,285.10 -$1,248.20 $858.10 $376.22 $598.30 $760.20 -$539.30 -$434.70 -165.56% <-Total Growth 8 Shareholders US$
Increase 93.80% -197.13% 168.75% -56.16% 59.03% 27.06% -170.94% 19.40% 19.40% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average $387 $374 $269 $411 $152 #NUM! <-IRR #YR-> 8 Comprehensive Income US$ -165.56%
ROE 9.3% 21.5% -17.6% 10.9% 4.9% 7.5% 8.8% -6.9% -6.2% #NUM! <-IRR #YR-> 5 Comprehensive Income US$ -150.66%
5Yr Median 9.3% 7.5% 7.5% 7.5% 4.9% US$
% Difference from NI 33.37% 231.21% -273.26% 21.25% -44.37% 35.06% 34.00% -204.92% -220.92% US$
Median Values Diff 5, 10 yr 21.3% -44.4% 4.9% <-Median-> 5 Return on Equity US$
ROE US$ 12.3% 4.2% 10.8% 7.0% 6.5% 10.2% 9.0% 8.8% 5.6% 6.6% 6.5% 5.1% Net Income/Shareholders' equity ROE US$
5Yr Median 12.9% 12.9% 12.3% 10.8% 7.0% 7.0% 9.0% 8.8% 8.8% 8.8% 6.6% 6.5% 6.5% <-Median-> 5 ROE US$
$570.30 <-12 mths 58.64%
Net Income US$ $400.1 $723.20 $709.90 $677.10 $439.1 $572.5 $517.8 $362.8 -9.32% <-Total Growth 7 Net Income US$
NCI $12.10 $2.80 $2.20 $0.80 -$3.90 $5.20 $3.80 $3.30 -72.73% <-Total Growth 7 NCI US$
Shareholders $196.74 $224.03 $631.00 $497.20 $388.00 $720.40 $707.70 $676.30 $443.00 $567.30 $514.00 $359.50 $753 $1,162 $1,290 60.47% <-Total Growth 10 Shareholders US$
Increase 19.48% 13.87% 181.66% -21.20% -21.96% 85.67% -1.76% -4.44% -34.50% 28.06% -9.40% -30.06% 109.46% 54.32% 11.02% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $151 $174 $276 $343 $387 $492 $589 $598 $587 $623 $582 $512 $527 $671 $816 4.84% <-IRR #YR-> 10 Net Income US$
Operating Cash Flow $499.91 $422.28 $833.24 $616.04 $411.50 $824.20 $749.70 $868.10 $983.7 $1,168.2 $1,272.6 -$334.7 -12.67% <-IRR #YR-> 5 Net Income US$
Investment Cash Flow -$67.45 -$32.71 -$294.81 -$439.15 -$269.50 -$194.10 -$367.40 -$338.10 -$2,635.1 -$277.0 -$23.9 -$23.9 11.40% <-IRR #YR-> 10 5 Yr Running Average US$
Total Accruals -$235.72 -$165.54 $92.57 $320.31 $246.00 $90.30 $325.40 $146.30 $2,094.4 -$323.9 -$734.7 $718.1 -2.76% <-IRR #YR-> 5 5 Yr Running Average US$
Total Assets $4,658 $11,799 $11,603 $13,452 $10,417 $12,021 $12,698 $12,424 $16,212.2 $15,580.1 $13,996.3 $12,276.3 Balance Sheet Assets US$
Accruals Ratio -5.06% -1.40% 0.80% 2.38% 2.36% 0.75% 2.56% 1.18% 12.92% -2.08% -5.25% 5.85% 1.18% <-Median-> 5 Ratio US$
EPS/CF Ratio 0.40 0.25 0.43 0.58 0.46 0.67 0.72 0.68 0.50 0.46 0.37 0.41
-$224.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $359.5
-$707.7 $0.0 $0.0 $0.0 $0.0 $359.5
-$174.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $512.0
-$588.9 $0.0 $0.0 $0.0 $0.0 $512.0
Financial Cash Flow US$ -$335.68 -$188.78 -$401.24 $8.44 -$266.90 -$117.20 -$7.60 -$665.10 $1,171.4 -$1,059.2 -$802.0 -$512.0 C F Statement  Financial CF US$
Total Accruals $99.96 $23.24 $493.81 $311.88 $512.90 $207.50 $333.00 $811.40 $923.0 $735.3 $67.3 $1,230.1 Accruals US$
Accruals Ratio 2.15% 0.20% 4.26% 2.32% 4.92% 1.73% 2.62% 6.53% 5.69% 4.72% 0.48% 10.02% 5.69% <-Median-> 5 Ratio US$
$664.81 <-12 mths -210.44%
Comprehensive Inc CDN$ $857.72 $383.31 $593.40 $814.08 -$621.23 -$605.13 -170.55% <-Total Growth 5 Comprehensive Income CDN$
NCI $2.19 $0.08 -$3.89 $5.53 $4.41 -$3.18 -245.20% <-Total Growth 5 NCI CDN$
Shareholders $655.21 $1,569.75 -$1,305.74 $855.53 $383.23 $597.29 $808.55 -$625.64 -$601.95 -191.87% <-Total Growth 8 Shareholders CDN$
Increase 139.58% -183.18% 165.52% -55.21% 55.86% 35.37% -177.38% 3.79% 3.79% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average $431.59 $420.01 $267.77 $403.79 $112.29 #NUM! <-IRR #YR-> 8 Comprehensive Income CDN$ -191.87%
ROE 9.3% 21.5% -17.6% 10.9% 4.9% 7.5% 8.8% -6.8% -6.2% #NUM! <-IRR #YR-> 5 Comprehensive Income CDN$ -170.36%
5Yr Median 9.3% 7.5% 7.5% 7.5% 4.9% CDN$
% Difference from NI 33.4% 231.2% -272.9% 20.6% -44.7% 34.6% 33.6% -204.6% -220.6% CDN$
Median Values Diff 5, 10 yr 20.6% -44.7% 4.9% <-Median-> 5 Return on Equity CDN$
Current Liability Coverage Ratio 0.33 0.19 0.46 0.49 0.83 0.67 0.74 0.78 0.35 0.60 0.62 0.74   CFO / Current Liabilities CDN$
5 year Median 0.46 0.46 0.49 0.67 0.74 0.74 0.67 0.62 0.62 0.62 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio 8.53% 3.58% 7.20% 6.33% 7.89% 8.81% 7.79% 8.04% 5.66% 8.18% 10.37% 7.39% CFO / Total Assets CDN$
5 year Median 7.17% 7.17% 7.20% 7.20% 7.20% 7.20% 7.79% 7.89% 7.89% 8.04% 8.04% 8.04% 8.0% <-Median-> 5 Return on Assets  CDN$
Return on Assets ROA 6.0% 1.9% 5.4% 3.7% 3.7% 6.0% 5.6% 5.4% 2.7% 3.6% 3.7% 2.9% Net  Income/Assets Return on Assets CDN$
5Yr Median 4.2% 4.2% 5.4% 5.4% 3.7% 3.7% 5.4% 5.4% 5.4% 5.4% 3.7% 3.6% 3.6% <-Median-> 5 Asset Efficiency Ratio CDN$
Return on Equity ROE 19.4% 4.2% 10.8% 7.0% 6.5% 10.2% 9.0% 8.8% 5.6% 6.6% 6.5% 5.1% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 16.8% 16.8% 15.1% 10.8% 7.0% 7.0% 9.0% 8.8% 8.8% 8.8% 6.6% 6.5% 6.5% <-Median-> 5 Return on Equity CDN$
$763.63 <-12 mths 53.40%
Net Income CDN$ $488.7 $756.5 $707.8 $689.7 $438.4 $608.9 $600.7 $502.4 2.80% <-Total Growth 7 Net Income CDN$
NCI $14.8 $2.9 $2.2 $0.8 -$3.9 $5.5 $4.4 $4.6 -69.08% <-Total Growth 7 Net Income CDN$
Shareholders $237.00 $260.55 $735.24 $491.28 $473.94 $753.61 $705.58 $688.89 $442.25 $603.38 $596.29 $497.82 $1,008.3 $1,555.9 $1,727.3 91.06% <-Total Growth 10 Net Income CDN$
Increase -23.23% 9.94% 182.19% -33.18% -3.53% 59.01% -6.37% -2.37% -35.80% 36.43% -1.17% -16.51% 102.54% 54.32% 11.02% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $163 $224 $344 $407 $440 $543 $632 $623 $613 $639 $607 $566 $630 $852 $1,077 6.69% <-IRR #YR-> 10 Net Income CDN$
Operating Cash Flow $335.40 $491.11 $970.90 $608.71 $502.65 $862.20 $747.46 $884.26 $982.0 $1,242.5 $1,476.3 $964.3 -6.74% <-IRR #YR-> 5 Net Income CDN$
Investment Cash Flow -$38.04 -$343.52 -$433.92 -$329.19 -$203.05 -$366.30 -$344.40 -$2,630.6 -$294.6 -$27.8 -$33.2 9.73% <-IRR #YR-> 10 5 Yr Running Average CDN$
Total Accruals -$192.52 $107.86 $316.50 $300.49 $94.46 $324.43 $149.02 $2,090.9 -$344.5 -$852.3 -$433.4 -2.19% <-IRR #YR-> 5 5 Yr Running Average CDN$
Total Assets $13,723 $13,520 $13,291 $12,724 $12,575 $12,660 $12,655 $16,184.8 $16,571.0 $16,237.1 $16,999.5 Balance Sheet Assets CDN$
Accruals Ratio -1.40% 0.80% 2.38% 2.36% 0.75% 2.56% 1.18% 12.92% -2.08% -5.25% -2.55% -2.08% <-Median-> 5 Ratio CDN$
EPS/CF Ratio 0.71 0.34 0.43 0.58 0.46 0.67 0.72 0.68 0.50 0.46 0.37 0.41 0.48 <-Median-> 10 EPS/CF Ratio CDN$
-$260.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $497.8
-$705.6 $0.0 $0.0 $0.0 $0.0 $497.8
-$223.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $565.7
-$631.9 $0.0 $0.0 $0.0 $0.0 $565.7
Financial Cash Flow -$219.55 -$467.52 $8.33 -$326.02 -$122.60 -$7.58 -$677.48 $1,169.4 -$1,126.6 -$930.4 -$709.0 C F Statement  Financial Cash Flow CDN$
Total Accruals $27.03 $575.39 $308.16 $626.51 $217.07 $332.00 $826.51 $921.4 $782.1 $78.1 $275.6 Accruals CDN$
Accruals Ratio 0.20% 4.26% 2.32% 4.92% 1.73% 2.62% 6.53% 5.69% 4.72% 0.48% 1.62% 4.72% <-Median-> 5 Ratio CDN$
Cash US$ $216.20 $734.20 $1,217.60 $1,078.90 $624.0 $442.3 $624.6 $430.9 $9,981.5 Cash US$
Cash CDN$ $264.09 $768.05 $1,213.95 $1,098.99 $622.9 $470.4 $724.6 $596.7 $13,365.2 Cash CDN$
Cash Per Shares CDN$ $1.46 $4.18 $6.50 $5.86 $3.30 $2.45 $3.75 $3.08 $59.56 $3.30 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 2.52% 8.88% 12.88% 13.00% 7.76% 4.11% 4.32% 2.37% 42.93% 4.32% <-Median-> 5 % of Stock Price CDN$
November 2, 2016.  Last estimates were for 2015. 2016 and 2017 of $3624M, $3614M and $3679M US$ for Revenue, $3.40, $3.99 and $4.12 US$ for EPS, $4.12, $4.89 and $5.76 US$ for CFPS, $694M, $753M and $768M US$ for Net Income.
November 1, 2015.  Last estimates were for 2014, 2015 and 2016 of $4188M, $4228M and $4327M US$ for Revenue, $4.50, $4.25 and $4.48 US$ for EPS, $5.40, $5.19 and 6.06 US$ for CFPS and $801M, $771M and $793M US$ for Net Income.
October 24, 2014.  Last estimates were for 2013, 2014 and 2015 of $4296M, $4432M and $4550M US$, $3.98, $4.21 and $4.36 EPS US$, $3.47 and $3.78 2013 and 2014 for CFPS US$.
July 25, 2012.  Last estimtes for 2010 and 2011 for Earnings or $3.60 and $3.87 US.
Very little volume in TPX.B shares.  I really see not much value in Canadians buying these shares.  If they want to buy this company, 
It would probably be better to buy TAP.
Feb 5, 2011.  when I last looked I got earnings for 2008 of $3.11 US 
Since the merger of Molson and Coors, few Canadian companies seem to be following this company.  They treat it like an American company.  US Company is Molson Coors Brewing Company.
Merger Occurred in Feb 2005.  Of the new company Molson sharesholders got .36 shares for each of their shares and $5.44 special dividend. Special dividend occurred because buy out was deemed low.
Dividends at $.50 from 1987.
Old Molson Inc. (TSX: MOL.A); Old Adolph Coors Co (NYSE: RKY)
Canadian values go from MOL.A (2004) to TPX.B (2005)
US Values are those given for TAP
2012 Currently Class A and Class B shares have voting rights.  Class A shares can exchange them for Class B shares on a on-for-one basis.
The Exchangeable shares can be exchanged on a one-for-one basis for corresponding common shares.
2009 We have Class A common stock and Class B non-voting common stock trading on the New York Stock Exchange under
the symbols "TAP A" and "TAP," respectively. "TAP A" and "TAP" were de-listed from the Toronto Stock Exchange at the
close of business on May 1, 2009. In addition, the indirect subsidiary, Molson Coors Canada Inc., has Class A exchangeable
shares and Class B exchangeable shares trading on the Toronto Stock Exchange under the symbols "TPX.A" and "TPX.B,"
respectively. The Class A and B exchangeable shares are a means for shareholders to defer tax in Canada and have substantially
the same economic and voting rights as the respective common shares.
Dividends
Dividends are paid in cycle 3 which is March, June, September and December.  Dividends are declared in one month to pay in the following month.
For dividends declared on February 13, 2014 for shareholders of record of February 28, 2014 and is payable in March 17, 2014.
Why am I following this stock. 
In 2008 I did a spreadsheet on this stock as it has recently been recommended and generally, beer companies make good money.  
Labatt’s was one of the original companies that I purchased and I did very well with it before it was bought out.
How they make their money.
Molson Coors Brewing Company is a leading global brewer delivering extraordinary brands that delight the world's beer drinkers.   It brews, markets and sells a portfolio of leading premium brands such as Coors   
Light, Molson Canadian, Carling, Blue Moon, and Keystone Light across North America, Europe and Asia. It operates in Canada through Molson Coors Canada; in the US through MillerCoors; and in the U.K. 
and Ireland through Molson Coors UK.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date Aug 01 2012 Sep 29 2013 Oct 25 2014 Nov 1 2015 Nov 2 2016
Hunter, Mark 0.624 0.32% 0.070 0.03%
CEO - Shares B - Amount $58.591 $7.279 Class B
Options - percentage 0.000 0.00% 0.000 0.00% US$
Options - amount $0.000 $0.000
Swinburn Peter S 0.216 0.11%
CEO - Shares B - Amount $16.110
Options - percentage 0.000 0.00%
Options - amount $0.000
Restrepo, Mauricio 0.028 0.01%
CFO - Shares B- Amount $2.929 Class B
Options - percentage 0.000 0.00%
Options - amount $0.000
Hattersley, Gavin 0.020 0.01% 0.024 0.01% 0.028 0.01% was CFO before 2016
Officer - Shares B- Amount $1.519 $2.270 $2.877 Class B
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% US$
Options - amount $0.000 $0.000 $0.000
Anand, Krishnan 0.037 0.02% 0.030 0.02% 0.027 0.01%
Officer - Shares B - Amount $2.765 $2.774 $2.780 Class B
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% US$
Options - amount $0.000 $0.000 $0.000
Bellini Francesco 0.027 0.01%
Director - Shares B - Amount $2.045
Options - percentage 0.000 0.00%
Options - amount $0.000
Molson, Geoffrey E. 0.017 0.01% 0.017 0.01%
Chairman - Shares - Amt $1.579 $1.797
Options - percentage 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000
Coors, Peter H.  89.258 46.25% 14.252 7.35% 14.278 6.36% Was chairman when
Vice Chairman - Shares - Amt $6,651.537 $1,338.567 $1,484.894 I looked in 2014
Options - percentage 0.000 0.00% 0.000 0.00% 0.012 0.01% 2015 was him & wife
Options - amount $0.000 $0.000 $1.248 2014 said family
Lincolnshire Holdings LTD 0.400 0.21%
10% Holder of right to sell $29.808
Molson Eric Herbert 0.400 0.21% looks like he sold 
10% Holder of right to sell $29.808 all in 2015
Increase in O/S Shares 0.700 0.37% 1.500 0.79% 2.700 1.41% 1.300 0.77% 1.000 0.58% Class B 169.9
due to SO $31.570 $63.720 $161.055 $113.100 $130.000
Book Value $6.900 $36.900 $94.600 $69.600 $70.100
Insider Buying $0.000 $0.000
Insider Selling $10.309 $5.671
Net Insider Selling $43.796 $10.309 $5.671
% of Market Cap 0.26% 0.04% 0.02%
Directors 14 13 14 14
Women 1 7% 1 8% 1 7% 2 14%
Minorities 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 630 87.30%
Total Shares Held - TPX.B,TAP 138.786 71.91%
Increase/Decrease 1.347 0.98%
Starting No. of Shares 137.439
Institutions/Holdings 496 84.04% 646 84.03% 8 40.44% 8 30.50%
Total Shares Held - TAP 130.998 67.87% 135.113 79.52% 1.035 35.70% 0.781 26.94% of NYSE A o/s shares
Increase/Decrease -0.141 -0.11% -0.608 -0.45% -0.081 -7.22% 0.000 0.00%
Starting No. of Shares 131.139 496 135.721 1.116 Reuters 0.781 Reuters
Institutions/Holdings 496 84.04% 180 73.77% 572 87.02%
Total Shares Held - TAP 130.998 1986.69% 132.494 75.67% 168.838 81.92% of NYSE  o/s shares
Increase/Decrease -0.141 -0.11% -1.495 -1.12% -0.857 -0.50%
Starting No. of Shares 131.139 496 133.990 Nasdaq 169.694 Nasdaq
Institutions/Holdings 7 36.04% 7 31.39% 7 27.56% 10 20.03%
Total Shares Held -TPX.B 6.942 3.60% 5.698 32.37% 4.598 28.74% 3.391 22.02% of TSX B o/s shares
Increase/Decrease -0.006 -0.08% -0.718 -11.19% -0.192 -4.02% -0.044 -1.29%
Starting No. of Shares 6.948 6.415 4.790 3.435 Reuters
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