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 2017
Molson Coors Brewing Co NYSE: TAP
Molson Coors Canada TSX: TPX.B www.molsoncoors.com Fiscal Yr: Dec 31
Year 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 12/31/19 Value Description #Y Item Total G Currency
USD - CDN$ 1.1630 1.1652 0.9881 1.2215 1.0461 0.9970 1.0186 0.9983 1.0636 1.1601 1.3847 1.3427 1.2893 1.2893 1.2893 USD - CDN$
Change -3.47% 0.19% -15.20% 23.62% -14.36% -4.69% 2.17% -1.99% 6.54% 9.07% 19.36% -3.04% -3.98% 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 US GAAP Accounting Rules
Exch R-->
$10,717.2 <-12 mths 119.39%
Revenue* $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 $6,597.4
Revenue net Excise tax $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 $4,885.0 $11,083 $11,259 $11,275 -16.42% <-Total Growth 10 Revenue US$
Increase 27.89% 6.14% 5.91% -22.88% -36.48% 7.32% 8.03% 11.40% 7.39% -1.42% -13.96% 36.93% 126.88% 1.59% 0.14% -1.78% <-IRR #YR-> 10 Revenue -16.42% US$
5 year Running Average $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 $4,144.3 $5,578 $6,988 $8,414 6.80% <-IRR #YR-> 5 Revenue 38.95% US$
Revenue per Share $32.15 $33.58 $34.25 $26.42 $16.49 $17.42 $18.75 $20.72 $21.94 $21.48 $18.39 $21.77 $49.28 $50.06 $50.13 -1.22% <-IRR #YR-> 10 5 yr Running Average -11.58% US$
Increase -43.78% 4.47% 1.99% -22.86% -37.59% 5.65% 7.63% 10.52% 5.88% -2.09% -14.40% 18.38% 126.37% 1.59% 0.14% -0.04% <-IRR #YR-> 5 5 yr Running Average -0.22% US$
5 year Running Average $46.00 $45.96 $42.42 $36.72 $28.58 $25.63 $22.67 $19.96 $19.06 $20.06 $20.26 $20.86 $26.57 $32.20 $37.93 -4.24% <-IRR #YR-> 10 Revenue per Share -35.18% US$
P/S (Price/Sales) Med 1.06 1.01 1.38 1.79 2.48 2.58 2.37 2.03 2.23 3.00 4.36 4.48 3.03% <-IRR #YR-> 5 Revenue per Share 16.10% US$
P/S (Price/Sales) Close 1.19 1.54 1.31 1.78 2.71 2.88 2.34 2.06 2.56 3.47 5.11 4.47 1.64 1.62 1.61 -7.59% <-IRR #YR-> 10 5 yr Running Average -54.61% US$
*Sales in M US$  P/S Med 10 yr  2.43 5 yr  3.00 -32.33% Diff M/C -1.65% <-IRR #YR-> 5 5 yr Running Average -7.96% US$
-$5,845.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $4,885.0
-$3,515.7 $0.0 $0.0 $0.0 $0.0 $4,885.0
-$4,686.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $4,144.3
-$4,153.5 $0.0 $0.0 $0.0 $0.0 $4,144.3
-$33.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $21.77
-$18.75 $0.00 $0.00 $0.00 $0.00 $21.77
-$45.96 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.86
-$22.67 $0.00 $0.00 $0.00 $0.00 $20.86
$13,817.7 <-12 mths 110.66%
Molson Pre '05
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 $8,858.3
Revenue CDN net Excise Tax $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 $6,559.1 $14,289 $14,516 $14,537 -3.69% <-Total Growth 10 Revenue CDN$
Increase -33.61% 6.34% -10.19% -4.66% -45.61% 2.28% 10.37% 9.18% 14.42% 7.52% 2.70% 32.77% 117.86% 1.59% 0.14% -0.38% <-IRR #YR-> 10 Revenue -3.69% CDN$
5 year Running Average $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 $4,938.6 $7,014 $9,023 $10,968 12.87% <-IRR #YR-> 5 Revenue 83.16% CDN$
Revenue per Share $37.39 $39.13 $33.84 $32.27 $17.25 $17.37 $19.10 $20.69 $23.34 $24.92 $25.46 $29.23 $63.54 $64.55 $64.64 -4.83% <-IRR #YR-> 10 5 yr Running Average -39.07% CDN$
Increase -64.43% 4.67% -13.52% -4.63% -46.55% 0.70% 9.96% 8.31% 12.81% 6.80% 2.17% 14.79% 117.37% 1.59% 0.14% 2.39% <-IRR #YR-> 5 5 yr Running Average 12.51% CDN$
5 year Running Average $83.03 $74.83 $64.50 $49.55 $31.98 $27.97 $23.97 $21.34 $19.55 $21.08 $22.70 $24.73 $33.30 $41.54 $49.48 -2.88% <-IRR #YR-> 10 Revenue per Share -25.30% CDN$
P/S (Price/Sales) Med 0.88 0.98 0.68 0.62 0.37 0.37 0.42 0.49 0.46 0.34 0.23 0.22 8.88% <-IRR #YR-> 5 Revenue per Share 53.04% CDN$
P/S (Price/Sales) Close 0.99 0.88 0.66 0.56 0.37 0.34 0.42 0.49 0.39 0.29 0.20 0.22 0.61 0.62 0.62 -10.48% <-IRR #YR-> 10 5 yr Running Average -66.95% CDN$
*Sales in M CDN$ Molson to Molson Coors P/S Med 10 yr  0.40 5 yr  0.34 53.56% Diff M/C 0.63% <-IRR #YR-> 5 5 yr Running Average 3.18% CDN$
-$6,810.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $6,559.1
-$3,581.2 $0.0 $0.0 $0.0 $0.0 $6,559.1
-$8,105.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $4,938.6
-$4,389.4 $0.0 $0.0 $0.0 $0.0 $4,938.6
-$39.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $29.23
-$19.10 $0.00 $0.00 $0.00 $0.00 $29.23
$10.45 <-12 mths 12.85%
EPS Basic $0.85 $2.10 $2.78 $2.13 $3.91 $3.81 $3.66 $2.45 $3.10 $2.78 $1.94 $9.33 344.29% <-Total Growth 10 EPS Basic US$
EPS Diluted* $0.84 $2.08 $2.74 $2.09 $3.87 $3.80 $3.63 $2.44 $3.08 $2.76 $1.93 $9.26 $3.99 $4.76 $4.97 345.19% <-Total Growth 10 EPS Diluted US$
Increase -67.63% 147.62% 31.73% -23.72% 85.17% -1.81% -4.47% -32.78% 26.23% -10.39% -30.07% 379.79% -56.91% 19.30% 4.41% 16.11% <-IRR #YR-> 10 Earnings per Share 345.19% US$
Earnings Yield 2.2% 4.0% 6.1% 4.4% 8.7% 7.6% 8.3% 5.7% 5.5% 3.7% 2.1% 9.5% 4.9% 5.9% 6.1% 20.60% <-IRR #YR-> 5 Earnings per Share 155.10% US$
5 year Running Average $1.94 $2.02 $2.13 $2.07 $2.32 $2.92 $3.23 $3.17 $3.36 $3.14 $2.77 $3.89 $4.20 $4.54 $4.98 6.77% <-IRR #YR-> 10 5 yr Running Average 92.58% US$
10 year Running Average $1.49 $1.64 $1.81 $1.93 $2.19 $2.43 $2.62 $2.65 $2.72 $2.73 $2.84 $3.56 $3.69 $3.95 $4.06 3.84% <-IRR #YR-> 5 5 yr Running Average 20.71% US$
* ESP per share US$ E/P 10 Yrs 5.91% 5Yrs 5.49%
-$2.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $9.26
-$3.63 $0.00 $0.00 $0.00 $0.00 $9.26
-$2.02 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.89
-$3.23 $0.00 $0.00 $0.00 $0.00 $3.89
$13.47 <-12 mths 8.36%
EPS Basic $0.99 $2.45 $2.75 $2.60 $4.09 $3.80 $3.73 $2.45 $3.30 $3.23 $2.69 $12.53 411.97% <-Total Growth 10 EPS Basic CDN$
Molson Pre '05
Pre-split '07
EPS Diluted* $0.98 $2.42 $2.71 $2.55 $4.05 $3.79 $3.70 $2.44 $3.28 $3.20 $2.67 $12.43 $5.14 $6.14 $6.41 413.01% <-Total Growth 10 EPS Diluted CDN$
Increase -62.18% 148.09% 11.71% -5.71% 58.58% -6.42% -2.40% -34.12% 34.48% -2.26% -16.53% 365.23% -58.63% 19.30% 4.41% 17.76% <-IRR #YR-> 10 Earnings per Share 413.01% CDN$
Earnings Yield 2.6% 5.4% 5.3% 4.4% 8.6% 7.5% 8.2% 5.7% 5.5% 3.7% 2.1% 9.5% 4.9% 5.9% 6.2% 27.45% <-IRR #YR-> 5 Earnings per Share 236.26% CDN$
5 year Running Average $2.10 $2.27 $2.41 $2.25 $2.54 $3.10 $3.36 $3.30 $3.45 $3.28 $3.06 $4.80 $5.35 $5.92 $6.56 7.76% <-IRR #YR-> 10 5 yr Running Average 111.20% CDN$
10 year Running Average $0.96 $1.57 $1.80 $1.93 $2.17 $2.60 $2.82 $2.86 $2.85 $2.91 $3.08 $4.08 $4.33 $4.68 $4.92 7.42% <-IRR #YR-> 5 5 yr Running Average 43.02% CDN$
* ESP per share CDN$ E/P 10 Yrs 5.61% 5Yrs 5.49%
-$2.42 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.43
-$3.70 $0.00 $0.00 $0.00 $0.00 $12.43
-$2.27 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.80
-$3.36 $0.00 $0.00 $0.00 $0.00 $4.80
Special Dividends US$ $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 $1.28 $1.28
Dividend US$* $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 $1.64 156.25% <-Total Growth 10 Dividends US$
Increase 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% 0.00% Count 27 Years of data US$
Dividends 5 Yr Running $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 $1.64 191.63% <-Total Growth 10 Dividends 5 Yr Running US$
Yield H/L Price 1.88% 1.88% 1.36% 1.61% 2.25% 2.40% 2.79% 3.04% 2.61% 2.29% 2.05% 1.68% 1.82% 2.27% <-Median-> 10 Yield H/L Price US$
Yield on High  Price 1.63% 1.73% 1.13% 1.28% 1.82% 2.12% 2.44% 2.78% 2.28% 1.90% 1.72% 1.47% 1.61% 1.86% <-Median-> 10 Yield on High  Price US$
Yield on Low Price 2.20% 2.05% 1.70% 2.15% 2.93% 2.78% 3.26% 3.34% 3.06% 2.88% 2.52% 1.96% 2.09% 2.83% <-Median-> 10 Yield on Low Price US$
Yield on Close Price 1.67% 1.24% 1.43% 1.62% 2.06% 2.15% 2.83% 2.99% 2.28% 1.99% 1.75% 1.69% 2.03% 2.03% 2.03% 2.02% <-Median-> 10 Yield on Close Price US$
Payout Ratio EPS 76.19% 30.77% 23.36% 36.36% 23.77% 28.42% 34.16% 52.46% 41.56% 53.62% 84.97% 17.71% 41.10% 34.45% 33.00% 35.26% <-Median-> 10 DPR EPS US$
DPR EPS 5 Yr Running 23.44% 24.83% 25.75% 29.87% 30.98% 27.71% 28.77% 33.35% 34.48% 40.48% 50.00% 37.60% 36.54% 35.42% 32.92% 32.17% <-Median-> 10 DPR EPS 5 Yr Running US$
Payout Ratio CFPS 25.96% 13.37% 18.78% 33.37% 20.53% 26.91% 26.78% 24.59% 21.00% 22.45% 45.69% 32.66% 19.81% 17.26% 17.58% 25.69% <-Median-> 10 DPR CF US$
DPR CF 5 Yr Running 10.04% 10.16% 11.16% 15.78% 20.67% 21.30% 24.67% 25.62% 23.75% 23.97% 26.50% 27.62% 25.96% 24.37% 22.96% 23.86% <-Median-> 10 DPR CF 5 Yr Running US$
Payout Ratio CFPS WC 19.07% 13.34% 13.59% 16.71% 15.98% 20.40% 23.28% 26.37% 19.25% 19.67% 35.09% 29.04% 19.81% 17.26% 17.58% 20.04% <-Median-> 10 DPR CF WC US$
DPR CF WC 5 Yr Running 9.39% 9.54% 10.68% 12.93% 15.54% 16.09% 18.10% 20.48% 20.80% 21.45% 23.84% 24.94% 23.43% 22.57% 21.91% 19.29% <-Median-> 10 DPR CF WC 5 Yr Running US$
Median Values Yield  2.33% 2.14% Payout 50.07% 29.28% 25.88% 9.87% <-IRR #YR-> 10 Dividends 156.25% US$
* Dividends per share  Curr diff -13.13% Last Div Inc ---> $0.28 $0.32 14.3% 5.75% <-IRR #YR-> 5 Dividends 32.26% US$
-$0.64 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.64
-$1.24 $0.00 $0.00 $0.00 $0.00 $1.64
Historical Dividends Historical High Div 3.33% Low Div 1.00% Ave Div 2.17% Med Div 1.88% Close Div 1.67% Historical Dividends US$
High/Ave/Median Values Curr diff Exp. -39.10%     102.79% Exp. -6.33% Cheap 7.87% Cheap 21.11% High/Ave/Median  US$
MOL.A pre-'07 $1.28
Dividends CDN$ Actual $0.64 $0.64 $6.16 $0.95 $1.11 $1.22 $1.29 $1.30 $1.63 $2.09 $2.17 $2.14 239.77% <-Total Growth 10 Dividends Actual CDN$
Special Dividends Exch Rate $5.44 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends Exch Rate CDN$
Pre-split '01 CDN$
MOL.A pre-'05 CDN$
MOL.A pre-'07 CDN$
Dividends CDN$ Exch Rate $0.74 $0.75 $0.63 $0.93 $0.96 $1.08 $1.26 $1.28 $1.36 $1.72 $2.27 $2.20 $2.11 $2.11 $2.11 195.29% <-Total Growth 10 Dividends Exch Rate CDN$
Increase -4.30% 0.19% -15.20% 46.80% 3.67% 11.88% 17.30% 1.17% 6.54% 26.12% 32.27% -3.04% -3.98% 0.00% 0.00% Count 21 Years of data CDN$
Dividends 5 Yr Running $1.71 $1.76 $1.78 $1.85 $1.89 $0.87 $0.97 $1.10 $1.19 $1.34 $1.58 $1.77 $1.93 $2.08 $2.16 0.12% <-Total Growth 10 Dividends 5 Yr Running CDN$
Yield H/L Price 1.76% 1.87% 1.27% 1.79% 2.04% 2.32% 2.79% 3.01% 2.70% 2.37% 2.09% 1.67% 1.81% 2.20% <-Median-> 10 Yield H/L Price CDN$
Yield on High  Price 1.52% 1.69% 1.13% 1.56% 1.78% 2.09% 2.50% 2.78% 2.28% 1.95% 1.73% 1.49% 1.59% 1.87% <-Median-> 10 Yield on High  Price CDN$
Yield on Low Price 2.08% 2.10% 1.45% 2.11% 2.38% 2.59% 3.17% 3.28% 3.30% 3.02% 2.64% 1.91% 2.10% 2.61% <-Median-> 10 Yield on Low Price CDN$
Yield on Close Price 1.97% 1.67% 1.24% 1.60% 2.05% 2.13% 2.80% 3.01% 2.28% 1.97% 1.75% 1.69% 2.03% 2.03% 2.03% 2.01% <-Median-> 10 Yield on Close Price CDN$
Payout Ratio EPS 76.19% 30.77% 23.36% 36.36% 23.77% 28.42% 34.16% 52.46% 41.56% 53.62% 84.97% 17.71% 41.10% 34.45% 33.00% 35.26% <-Median-> 10 DPR EPS CDN$
DPR EPS 5 Yr Running 81.61% 77.54% 74.04% 82.43% 74.38% 28.00% 28.96% 33.34% 34.45% 40.83% 51.63% 36.76% 36.16% 35.21% 32.98% 38.79% <-Median-> 10 DPR EPS 5 Yr Running CDN$
Payout Ratio CFPS 25.96% 13.37% 18.78% 33.37% 20.53% 26.91% 26.78% 24.59% 21.00% 22.45% 45.69% 32.66% 19.81% 17.26% 17.58% 25.69% <-Median-> 10 DPR CF CDN$
DPR CF 5 Yr Running 52.24% 45.65% 45.74% 50.79% 49.02% 21.28% 24.87% 25.76% 23.69% 23.88% 27.19% 28.44% 26.47% 24.64% 23.18% 26.48% <-Median-> 10 DPR CF 5 Yr Running CDN$
Payout Ratio CFPS WC 215.73% 13.34% 13.59% 16.71% 15.98% 20.40% 23.28% 26.37% 19.25% 19.67% 35.09% 29.04% 19.81% 17.26% 17.58% 20.04% <-Median-> 10 DPR CF WC CDN$
DPR CF WC 5 Yr Running 52.24% 45.62% 42.89% 41.52% 38.29% 16.04% 18.05% 20.31% 20.74% 21.36% 24.24% 25.44% 23.85% 22.80% 22.07% 22.80% <-Median-> 10 DPR CF WC 5 Yr Running CDN$
Median Values Yield  2.37% 2.14% Payout 50.07% 29.28% 25.88% 11.44% <-IRR #YR-> 10 Dividends 195.29% CDN$
* Dividends per share  Curr diff -14.10% Last Div Inc ---> $0.28 $0.32 14.3% 11.76% <-IRR #YR-> 5 Dividends 74.34% CDN$
-$0.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.20
-$1.26 $0.00 $0.00 $0.00 $0.00 $2.20
Historical Dividends Historical High Div 3.64% Low Div 1.10% Ave Div 2.37% Med Div 2.13% Close Div 1.97% Historical Dividends CDN$
High/Ave/Median Values Curr diff Exp. -44.12%     84.92% Exp. -14.17% Exp. -4.50% Cheap 3.07% High/Ave/Median  CDN$
Future Div Yield Div Yd 6.45% earning in 15 Years at IRR of 8.0% Div Inc. 217.22% Future Div Yield CDN$
Future Div Yield Div Yd 9.48% earning in 20 Years at IRR of 8.0% Div Inc. 366.10% Future Div Yield CDN$
Cost covered if held 5 years 51.39% 37.52% 23.12% 20.21% 20.11% 10.26% 12.22% 11.10% 11.46% 14.17% 16.96% 19.54% 22.74% 20.66% 14.93% 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% 34.40% 30.59% 31.56% 37.07% 47.80% <-Median-> 10 Paid Median Price CDN$
Cost covered if held 15 years 107.75% 102.76% 103.79% 114.83% 124.72% 95.76% 62.45% 55.88% 57.37% 105.77% <-Median-> 6 Paid Median Price CDN$
Cost covered if held 20 years 161.33% 164.47% 180.06% #NUM! <-Median-> 0 Paid Median Price CDN$
H/LYield held 5 yrs 4.46% 3.17% 1.64% 2.02% 2.05% 2.54% 3.17% 2.58% 2.63% 3.63% 4.88% 4.87% 4.98% 4.19% 2.92% 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% 5.53% 4.26% 4.08% 4.48% 5.37% <-Median-> 10 Paid Median Price CDN$
H/LYield held 15 yrs 8.41% 7.74% 7.93% 10.36% 13.61% 9.37% 5.48% 4.61% 4.50% 8.89% <-Median-> 6 Paid Median Price CDN$
H/LYield held 20 yrs 12.81% 12.31% 12.75% #NUM! <-Median-> 0 Paid Median Price CDN$
Graham No. CDN$ $28.19 $46.08 $48.79 $48.19 $60.62 $59.73 $58.79 $48.02 $59.44 $58.35 $54.98 $138.25 $91.03 $99.43 $101.60 200.00% <-Total Growth 10 Graham Price CDN$
Price/GP Ratio Med 1.50 0.86 1.02 1.08 0.78 0.78 0.77 0.88 0.85 1.24 1.98 0.95 1.28 0.92 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio High 1.73 0.96 1.14 1.24 0.89 0.86 0.86 0.96 1.00 1.51 2.39 1.07 1.46 1.04 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Low 1.27 0.77 0.89 0.91 0.67 0.70 0.68 0.81 0.69 0.97 1.57 0.83 1.11 0.82 <-Median-> 10 Price/GP Ratio CDN$
Price/GP Ratio Close 1.34 0.97 1.04 1.20 0.78 0.84 0.77 0.88 1.00 1.49 2.36 0.94 1.14 1.05 1.02 0.97 <-Median-> 10 Price/GP Ratio CDN$
Prem/Disc Close 34.03% -3.31% 4.44% 20.20% -22.39% -15.54% -23.29% -11.55% 0.36% 49.09% 136.44% -5.54% 14.19% 4.55% 2.32% -2.59% <-Median-> 10 Graham Price CDN$
Pre-split '01
MOL.A '05
MOL.A '07
Price Close CDN $ $37.78 $44.56 $50.96 $57.92 $47.05 $50.45 $45.10 $42.48 $59.65 $87.00 $130.00 $130.60 $103.95 $103.95 $103.95 193.09% <-Total Growth 10 Stock Price CDN$
Increase -15.86% 17.95% 14.36% 13.66% -18.77% 7.23% -10.60% -5.81% 40.42% 45.85% 49.43% 0.46% -20.41% 0.00% 0.00% 11.35% <-IRR #YR-> 10 Stock Price 193.09% CDN$
P/E 38.67 18.39 18.82 22.69 11.62 13.32 12.20 17.44 18.21 27.17 48.64 10.50 20.21 16.94 16.22 23.70% <-IRR #YR-> 5 Stock Price 189.58% CDN$
Trailing P/E 14.62 45.61 21.03 21.39 18.43 12.46 11.90 11.49 24.49 26.56 40.60 48.87 8.36 20.21 16.94 13.12% <-IRR #YR-> 10 Price & Dividend CDN$
Median 10, 5 yrs MOL.A to TPX.B D.  per yr 1.77% 2.51% % Tot Ret 13.49% 9.57% Price Inc 40.42% P/E:  17.82 18.21 26.20% <-IRR #YR-> 5 Price & Dividend CDN$
-$44.56 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $130.60
-$45.10 $0.00 $0.00 $0.00 $0.00 $130.60
-$44.56 $0.63 $0.93 $0.96 $1.08 $1.26 $1.28 $1.36 $1.72 $2.27 $132.80
-$45.10 $1.28 $1.36 $1.72 $2.27 $132.80
Price Med H/L CDN $ $42.34 $39.81 $49.61 $51.84 $47.24 $46.51 $45.20 $42.50 $50.44 $72.43 $108.67 $131.60 $116.79 230.61% <-Total Growth 10 Stock Price CDN$
Increase -9.93% -5.99% 24.62% 4.51% -8.87% -1.55% -2.83% -5.96% 18.68% 43.59% 50.04% 21.10% -11.26% 12.70% <-IRR #YR-> 10 Stock Price 230.61% CDN$
P/E 43.34 16.42 18.32 20.31 11.67 12.28 12.22 17.45 15.40 22.62 40.66 10.58 22.70 23.83% <-IRR #YR-> 5 Stock Price 191.18% CDN$
Trailing P/E 16.39 40.75 20.47 19.15 18.50 11.49 11.93 11.49 20.71 22.11 33.94 49.24 9.39 14.58% <-IRR #YR-> 10 Price & Dividend CDN$
P/E on Run. 5 yr Ave 20.15 17.50 20.58 23.05 18.58 14.98 13.45 12.86 14.62 22.08 35.55 27.39 21.85 26.33% <-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 32.24 27.00 15.40 P/E Ratio Historical Median CDN$
Median 10, 5 yrs MOL.A to TPX.B D.  per yr 1.88% 2.50% % Tot Ret 12.88% 9.48% Price Inc 21.10% P/E:  16.42 17.45 Count 21 Years of data CDN$
-$39.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $131.60
-$45.20 $0.00 $0.00 $0.00 $0.00 $131.60
-$39.81 $0.63 $0.93 $0.96 $1.08 $1.26 $1.28 $1.36 $1.72 $2.27 $133.80
-$45.20 $1.28 $1.36 $1.72 $2.27 $133.80
High Months CDN$ Apr 05 Dec 06 Dec 07 Jun  08 Sep Dec Jan Jan Dec Nov Dec Oct Jan
Pre-split '01
MOL.A '05
MOL.A '07
Price High $48.87 $44.14 $55.74 $59.68 $53.98 $51.40 $50.50 $46.00 $59.65 $88.00 $131.20 $147.85 $132.90 234.96% <-Total Growth 10 Stock Price CDN$
Increase -7.36% -9.68% 26.28% 7.07% -9.55% -4.78% -1.75% -8.91% 29.67% 47.53% 49.09% 12.69% -10.11% 12.85% <-IRR #YR-> 10 Stock Price 234.96% CDN$
P/E 50.02 18.21 20.59 23.38 13.33 13.57 13.66 18.88 18.21 27.48 49.09 11.89 25.83 23.97% <-IRR #YR-> 5 Stock Price 192.77% CDN$
Trailing P/E 18.92 45.18 23.00 22.04 21.14 12.70 13.33 12.44 24.49 26.86 40.98 55.32 10.69 18.21 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 26.06 P/E Ratio Historical High CDN$
-$44.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $147.85
-$50.50 $0.00 $0.00 $0.00 $0.00 $147.85
Low Months CDN$ Nov 05 May 06 Aug 07 Oct 08 Mar Feb Nov Nov Jan Jan Aug Feb Oct
Pre-split '01
MOL.A '05
MOL.A '07
Price Low CDN$ $35.81 $35.47 $43.47 $44.00 $40.50 $41.62 $39.89 $39.00 $41.23 $56.85 $86.14 $115.35 $100.67 225.20% <-Total Growth 10 Stock Price CDN$
Increase -13.22% -0.95% 22.55% 1.22% -7.95% 2.77% -4.16% -2.23% 5.72% 37.89% 51.52% 33.91% -12.73% 12.52% <-IRR #YR-> 10 Stock Price 225.20% CDN$
P/E 36.66 14.64 16.06 17.24 10.00 10.99 10.79 16.01 12.59 17.76 32.23 9.28 19.57 23.66% <-IRR #YR-> 5 Stock Price 189.17% CDN$
Trailing P/E 13.86 36.31 17.94 16.25 15.86 10.28 10.53 10.55 16.93 17.35 26.90 43.16 8.10 12.59 P/E Ratio Historical Median CDN$
Median 10, 5 yrs MOL.A to TPX.B Price Inc 33.91% P/E:  14.30 16.01 9.33 P/E Ratio Historical Low CDN$
-$35.47 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $115.35
-$39.89 $0.00 $0.00 $0.00 $0.00 $115.35
Price Close US$ $38.22 $51.62 $44.86 $47.04 $44.65 $50.19 $43.79 $42.79 $56.15 $74.52 $93.92 $97.31 $80.87 $80.87 $80.87 88.51% <-Total Growth 10 Stock Price US$
Increase 0.76% 35.06% -13.10% 4.86% -5.08% 12.41% -12.75% -2.28% 31.22% 32.72% 26.03% 3.61% -16.89% 0.00% 0.00% 6.55% <-IRR #YR-> 10 Stock Price 88.51% US$
P/E 45.50 24.82 16.37 22.51 11.54 13.21 12.06 17.54 18.23 27.00 48.66 10.51 20.27 16.99 16.27 17.32% <-IRR #YR-> 5 Stock Price 122.22% US$
Trailing P/E 14.73 61.45 21.57 17.17 21.36 12.97 11.52 11.79 23.01 24.19 34.03 50.42 8.73 20.27 16.99 8.22% <-IRR #YR-> 10 Price & Dividend US$
Median 10, 5 yrs  TAP D.  per yr 1.68% 2.44% % Tot Ret 20.38% 12.36% Price Inc 26.03% P/E:  16.95 18.23 19.76% <-IRR #YR-> 5 Price & Dividend US$
-$51.62 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $97.31
-$43.79 $0.00 $0.00 $0.00 $0.00 $97.31
-$51.62 $0.64 $0.76 $0.92 $1.08 $1.24 $1.28 $1.28 $1.48 $1.64 $98.95
-$43.79 $1.28 $1.28 $1.48 $1.64 $98.95
Price Median H/L US$ $34.10 $34.08 $47.16 $47.34 $40.97 $44.92 $44.37 $42.15 $48.99 $64.54 $80.16 $97.44 $90.01 185.92% <-Total Growth 10 Stock Price US$
Increase 5.05% -0.06% 38.38% 0.37% -13.46% 9.64% -1.22% -4.99% 16.23% 31.73% 24.21% 21.56% -7.63% 11.08% <-IRR #YR-> 10 Stock Price 185.92% US$
P/E 40.60 16.38 17.21 22.65 10.59 11.82 12.22 17.27 15.91 23.38 41.53 10.52 22.56 17.04% <-IRR #YR-> 5 Stock Price 119.63% US$
Trailing P/E 13.14 40.57 22.67 17.28 19.60 11.61 11.68 11.61 20.08 20.95 29.04 50.49 9.72 13.18% <-IRR #YR-> 10 Price & Dividend US$
P/E on Run. 5 yr Ave 17.60 16.85 22.16 22.88 17.63 15.40 13.75 13.31 14.56 20.54 28.96 25.02 21.41 19.46% <-IRR #YR-> 5 Price & Dividend US$
P/E on Run. 10 yr Ave 22.83 20.72 26.05 24.54 18.68 18.51 16.91 15.92 18.03 23.61 28.21 27.37 24.43 16.98 P/E Ratio Historical Median US$
Median 10, 5 yrs TAP D.  per yr 2.10% 2.42% % Tot Ret 15.96% 12.44% Price Inc 21.56% P/E:  16.56 17.27 Count 23 Years of data US$
-$34.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $97.44
-$44.37 $0.00 $0.00 $0.00 $0.00 $97.44
-$34.08 $0.64 $0.76 $0.92 $1.08 $1.24 $1.28 $1.28 $1.48 $1.64 $99.08
-$44.37 $1.28 $1.28 $1.48 $1.64 $99.08
High Months US$ Apr Apr Oct Jun Oct  Dec Jan Sep Dec Nov Nov Oct Feb 
Pre-split '07
Price High US$ $39.15 $36.89 $56.60 $59.26 $50.49 $50.93 $50.74 $46.00 $56.15 $77.75 $95.13 $111.25 $101.59 201.57% <-Total Growth 10 Stock Price US$
Increase 3.22% -5.77% 53.43% 4.70% -14.80% 0.87% -0.37% -9.34% 22.07% 38.47% 22.35% 16.95% -8.68% 11.67% <-IRR #YR-> 10 Stock Price 201.57% US$
P/E 46.61 17.74 20.66 28.35 13.05 13.40 13.98 18.85 18.23 28.17 49.29 12.01 25.46 17.00% <-IRR #YR-> 5 Stock Price 119.26% US$
Trailing P/E 15.09 43.92 27.21 21.63 24.16 13.16 13.35 12.67 23.01 25.24 34.47 57.64 10.97 19.33 P/E Ratio Historical Median US$
Median 10, 5 yrs  TAP Price Inc 22.07% P/E:  18.54 18.85 28.21 P/E Ratio Historical High US$
-$36.89 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $111.25
-$50.74 $0.00 $0.00 $0.00 $0.00 $111.25
Low Months US$ May Feb Jan Oct Mar Mar Nov Jun Jan Jan Aug Feb Oct
Price Low US$ $29.05 $31.27 $37.72 $35.41 $31.44 $38.90 $37.99 $38.30 $41.83 $51.32 $65.19 $83.63 $78.43 167.44% <-Total Growth 10 Stock Price US$
Increase 7.63% 7.64% 20.63% -6.12% -11.21% 23.73% -2.34% 0.82% 9.22% 22.69% 27.03% 28.29% -6.22% 10.34% <-IRR #YR-> 10 Stock Price 167.44% US$
P/E 34.58 15.03 13.77 16.94 8.12 10.24 10.47 15.70 13.58 18.59 33.78 9.03 19.66 17.10% <-IRR #YR-> 5 Stock Price 120.14% US$
Trailing P/E 11.19 37.23 18.13 12.92 15.04 10.05 10.00 10.55 17.14 16.66 23.62 43.33 8.47 13.38 P/E Ratio Historical Median US$
Median 10, 5 yrs  Price Inc 22.69% P/E:  13.67 15.70 9.70 P/E Ratio Historical Low US$
-$31.27 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $83.63
Debt US$ $2,321 $2,909 $12,073 $12,319 Debt US$
Change 25.30% 315.05% 2.04% 170.18% <-Median-> 2 Change US$
Debt CDN$ $2,693 $4,028 $16,210 $15,883 Debt CDN$
Change 49.57% 302.45% -2.01% 176.01% <-Median-> 2 Change CDN$
% of Market Cap 0.16 0.16 0.55 0.68 0.16 <-Median-> 3 % of Market C. CDN$
Intangibles US$ $14,032 $14,316 Intangibles
Change 2.02% #NUM! <-Median-> 0 Change
Goodwill CDN$ $18,841 $18,457 Intangibles
Change -2.03% #NUM! <-Median-> 0 Change
% of Market Cap 0.64 0.79 0.64 <-Median-> 1 % of Market C.
Goodwill US$ $9,688 $9,244 $7,947 $6,732 $8,250 $8,347 Goodwill US$
Change -4.58% -14.02% -15.30% 22.56% 1.17% -9.30% <-Median-> 4 Change US$
Goodwill CDN$ $9,672 $9,832 $9,220 $9,322 $11,077 $10,762 Goodwill CDN$
Change 1.66% -6.22% 1.11% 18.83% -2.85% 1.38% <-Median-> 4 Change CDN$
% of Market Cap 1.20 0.86 0.55 0.37 0.38 0.46 0.55 <-Median-> 5 % of Market C. CDN$
Market Cap US$ $6,548 $8,984 $8,109 $8,500 $8,211 $9,375 $8,211 $8,087 $10,764 $14,382 $18,220 $21,836 $18,188 $18,188 $18,188 143.05% <-Total Growth 10 Market Cap  US$
Market Cap CDN$ $6,472 $7,756 $9,211 $10,466 $8,652 $9,424 $8,456 $8,029 $11,435 $16,791 $25,220 $29,307 $23,378 $23,378 $23,378 277.87% <-Total Growth 10 Market Cap  CDN$
Diluted 186.4 181.8 184.2 184.2 186.4 213.4 216.5 17.38% <-Total Growth 5 Diluted
Change -2.47% 1.32% 0.00% 1.19% 14.48% 1.45% 1.19% <-Median-> 5 Change
Average # of Sh in M 158.81 172.17 178.68 182.60 184.40 185.90 184.9 180.8 183.0 183.0 185.3 212.0 215.4 23.13% <-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% 14.41% 1.60% 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% 5.8% 4.4% 2.97% <-Median-> 10 Difference
$1,642 <-12 mths 45.72%
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 2.6 1.16% % of total Shares
Class B Common Shares 123.505 133.217 149.638 149.6 157.1 162.0 162.7 164.2 167.2 169.9 172.5 203.7 204.7 204.7 204.7 90.78% % 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 2.9 1.29% % 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 15.2 14.7 14.7 14.7 6.77% % of total Shares
# of Share in Millions 171.312 174.050 180.753 180.7 183.9 186.8 187.5 189.0 191.7 193.0 194.0 224.4 224.9 224.9 224.9 2.57% <-IRR #YR-> 10 Shares 28.93%
Change 86.65% 1.60% 3.85% -0.03% 1.77% 1.58% 0.37% 0.80% 1.43% 0.68% 0.52% 15.67% 0.22% 0.00% 0.00% 3.66% <-IRR #YR-> 5 Shares 19.68%
CF fr Op $M US$ $422.3 $833.2 $616.0 $411.5 $824.2 $749.7 $868.1 $983.7 $1,168.2 $1,272.6 $696.4 $1,126.9 $1,862.2 $2,136.6 $2,098.3 35.24% <-Total Growth 10 Cash Flow US$
Increase -15.53% 97.32% -26.07% -33.20% 100.29% -9.04% 15.79% 13.32% 18.76% 8.94% -45.28% 61.82% 65.25% 14.73% -1.79% S. Issues SO Exchge of Shares
5 year Running Average $380.6 $508.6 $580.1 $556.6 $621.5 $686.9 $693.9 $767.4 $918.8 $1,008.5 $997.8 $1,049.6 $1,225.3 $1,418.9 $1,584.1 106.38% <-Total Growth 10 CF 5 Yr Running US$
CFPS $2.46 $4.79 $3.41 $2.28 $4.48 $4.01 $4.63 $5.20 $6.09 $6.59 $3.59 $5.02 $8.28 $9.50 $9.33 4.90% <-Total Growth 10 Cash Flow per Share US$
Increase -62.87% 94.22% -28.81% -33.18% 96.81% -10.45% 15.36% 12.42% 17.08% 8.20% -45.56% 39.90% 64.88% 14.73% -1.79% 3.07% <-IRR #YR-> 10 Cash Flow 35.24% US$
5 year Running Average $4.52 $4.94 $4.91 $3.92 $3.48 $3.79 $3.76 $4.12 $4.88 $5.31 $5.22 $5.30 $5.92 $6.60 $7.14 5.36% <-IRR #YR-> 5 Cash Flow 29.81% US$
P/CF on Med Price 13.83 7.12 13.84 20.79 9.14 11.19 9.58 8.10 8.04 9.79 22.33 19.40 10.87 0.48% <-IRR #YR-> 10 Cash Flow per Share 4.90% US$
P/CF on Closing Price 15.51 10.78 13.16 20.66 9.96 12.51 9.46 8.22 9.21 11.30 26.16 19.38 9.77 1.64% <-IRR #YR-> 5 Cash Flow per Share 8.47% US$
-6.89% Diff M/C 0.70% <-IRR #YR-> 10 CFPS 5 yr Running 7.26% US$
Excl.Working Capital CF $152.55 $1.82 $235.5 $410.2 $234.3 $239.1 $130.7 -$66.2 $106.7 $179.2 $210.4 $140.3 $0.0 $0.0 $0.0 7.10% <-IRR #YR-> 5 CFPS 5 yr Running 40.90% US$
CF fr Op $M WC $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 $1,267.2 $1,862.2 $2,136.6 $2,098.3 51.75% <-Total Growth 10 Cash Flow less WC US$
Increase 17.72% 45.27% 1.97% -3.50% 28.82% -6.58% 1.01% -8.14% 38.95% 13.88% -37.54% 39.74% 46.95% 14.73% -1.79% 4.26% <-IRR #YR-> 10 Cash Flow less WC 51.75% US$
5 year Running Average $421 $549 $642 $714 $828 $911 $944 $957 $1,048 $1,126 $1,110 $1,164 $1,353 $1,525 $1,654 4.88% <-IRR #YR-> 5 Cash Flow less WC 26.87% US$
CFPS Excl. WC $3.36 $4.80 $4.71 $4.55 $5.76 $5.29 $5.33 $4.85 $6.65 $7.52 $4.67 $5.65 $8.28 $9.50 $9.33 7.80% <-IRR #YR-> 10 CF less WC 5 Yr Run 111.83% US$
Increase -48.25% 42.99% -1.81% -3.48% 26.58% -8.04% 0.63% -8.87% 37.00% 13.11% -37.86% 20.81% 46.63% 14.73% -1.79% 4.28% <-IRR #YR-> 5 CF less WC 5 Yr Run 23.28% US$
5 year Running Average $4.84 $5.26 $5.13 $4.78 $4.63 $5.02 $5.13 $5.16 $5.58 $5.93 $5.81 $5.87 $6.55 $7.12 $7.49 1.64% <-IRR #YR-> 10 CFPS - Less WC 17.70% US$
P/CF on Med Price 10.16 7.10 10.01 10.41 7.12 8.49 8.33 8.68 7.37 8.58 17.15 17.26 10.87 1.17% <-IRR #YR-> 5 CFPS - Less WC 6.01% US$
P/CF on Closing Price 11.39 10.76 9.52 10.34 7.76 9.48 8.22 8.81 8.44 9.91 20.09 17.23 9.77 8.51 8.67 1.10% <-IRR #YR-> 10 CFPS 5 yr Running 11.60% US$
CF/-WC P/CF Med 10 yr 10.49 5 yr  9.79 P/CF Med 10 yr 8.63 5 yr  8.68 13.16% Diff M/C 2.74% <-IRR #YR-> 5 CFPS 5 yr Running 14.49% US$
$2,117.2 <-12 mths 39.92% Molson -->Molson Coors
CF fr Op $M CDN$ $491.1 $970.9 $608.7 $502.6 $862.2 $747.5 $884.3 $982.0 $1,242.5 $1,476.3 $964.3 $1,513.1 $2,400.9 $2,754.7 $2,705.4 55.84% <-Total Growth 10 Cash Flow CDN$
Increase 46.42% 97.70% -37.30% -17.42% 71.53% -13.31% 18.30% 11.06% 26.52% 18.82% -34.68% 56.90% 58.68% 14.73% -1.79% S. Issues SO Exchge of Shares
5 year Running Average $344 $492 $555 $582 $687 $738 $721 $795.72 $943.69 $1,066.52 $1,109.90 $1,235.66 $1,519.43 $1,821.86 $2,067.67 151.17% <-Total Growth 10 CF 5 Yr Running CDN$
CFPS CDN$ $2.87 $5.58 $3.37 $2.78 $4.69 $4.00 $4.72 $5.20 $6.48 $7.65 $4.97 $6.74 $10.68 $12.25 $12.03 20.88% <-Total Growth 10 Cash Flow per Share CDN$
Increase -21.55% 94.59% -39.63% -17.40% 68.55% -14.65% 17.86% 10.18% 24.74% 18.02% -35.02% 35.65% 58.32% 14.73% -1.79% 4.54% <-IRR #YR-> 10 Cash Flow 55.84% CDN$
5 year Running Average $3.28 $3.86 $3.90 $3.65 $3.86 $4.08 $3.91 $4.28 $5.02 $5.61 $5.80 $6.21 $7.30 $8.46 $9.33 11.34% <-IRR #YR-> 5 Cash Flow 71.11% CDN$
P/CF on Med Price 14.77 7.14 14.73 18.64 10.08 11.62 9.58 8.18 7.78 9.47 21.86 19.52 10.94 1.91% <-IRR #YR-> 10 Cash Flow per Share 20.88% CDN$
P/CF on Closing Price 13.18 7.99 15.13 20.82 10.04 12.61 9.56 8.18 9.20 11.37 26.15 19.37 9.74 7.41% <-IRR #YR-> 5 Cash Flow per Share 42.98% CDN$
-10.25% Diff M/C 4.86% <-IRR #YR-> 10 CFPS 5 yr Running 60.68% CDN$
Excl.Working Capital CF $2.12 $232.70 $501.06 $245.10 $238.38 $133.13 -$66.09 $113.49 $207.89 $291.35 $188.38 $0.00 $0.00 $0.00 9.68% <-IRR #YR-> 5 CFPS 5 yr Running 58.73% CDN$
CF fr Op $M WC CDN$ $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 $1,701.5 $2,400.9 $2,754.7 $2,705.4 74.87% <-Total Growth 10 Cash Flow less WC CDN$
Increase 46.42% 98.13% -13.53% 19.29% 10.32% -10.97% 3.20% -9.97% 48.04% 24.21% -25.44% 35.50% 41.11% 14.73% -1.79% 5.75% <-IRR #YR-> 10 Cash Flow less WC 74.87% CDN$
5 year Running Average $344 $492 $602 $729 $883 $982 $991 $1,006 $1,076 $1,192 $1,246 $1,383 $1,680 $1,959 $2,164 10.83% <-IRR #YR-> 5 Cash Flow less WC 67.24% CDN$
CFPS Excl. WC CDN$ $2.87 $5.59 $4.65 $5.55 $6.02 $5.28 $5.43 $4.85 $7.07 $8.73 $6.47 $7.58 $10.68 $12.25 $12.03 10.88% <-IRR #YR-> 10 CF less WC 5 Yr Run 180.81% CDN$
Increase -21.55% 95.01% -16.73% 19.32% 8.40% -12.35% 2.82% -10.69% 45.96% 23.37% -25.83% 17.14% 40.79% 14.73% -1.79% 6.89% <-IRR #YR-> 5 CF less WC 5 Yr Run 39.50% CDN$
5 year Running Average $3.28 $3.87 $4.16 $4.46 $4.94 $5.42 $5.39 $5.43 $5.73 $6.27 $6.51 $6.94 $8.11 $9.14 $9.80 3.09% <-IRR #YR-> 10 CFPS - Less WC 35.63% CDN$
P/CF on Med Price 14.77 7.12 10.66 9.33 7.85 8.81 8.33 8.77 7.13 8.30 16.79 17.36 10.94 6.92% <-IRR #YR-> 5 CFPS - Less WC 39.74% CDN$
P/CF on Closing Price 13.18 7.97 10.95 10.43 7.81 9.56 8.31 8.77 8.43 9.97 20.08 17.22 9.74 8.49 8.64 6.03% <-IRR #YR-> 10 CFPS 5 yr Running 79.52% CDN$
*Operational Cash Flow per share US$ CF/-WC P/CF Med 10 yr 10.85 5 yr  9.47 P/CF Med 10 yr 8.79 5 yr  8.77 10.76% Diff M/C 5.20% <-IRR #YR-> 5 CFPS 5 yr Running 28.84% CDN$
-$5.58 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.74 Cash Flow per Share CDN$
-$4.72 $0.00 $0.00 $0.00 $0.00 $6.74 Cash Flow per Share CDN$
-$3.86 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.21 CFPS 5 yr Running CDN$
-$3.91 $0.00 $0.00 $0.00 $0.00 $6.21 CFPS 5 yr Running CDN$
-$973 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,701 Cash Flow less WC CDN$
-$1,017 $0 $0 $0 $0 $1,701 Cash Flow less WC CDN$
-$492 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,383 CF less WC 5 Yr Run CDN$
-$991 $0 $0 $0 $0 $1,383 CF less WC 5 Yr Run CDN$
-$5.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7.58 CFPS - Less WC CDN$
-$5.43 $0.00 $0.00 $0.00 $0.00 $7.58 CFPS - Less WC CDN$
-$3.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.94 CFPS 5 yr Running CDN$
-$5.39 $0.00 $0.00 $0.00 $0.00 $6.94 CFPS 5 yr Running CDN$
OPM 7.7% 14.3% 10.0% 8.6% 27.2% 23.0% 24.7% 25.1% 27.8% 30.7% 19.5% 23.1% 16.8% 61.82% <-Total Growth 10 OPM CDN$
Increase 120.55% 85.91% -30.20% -13.39% 215.35% -15.24% 7.19% 1.72% 10.58% 10.51% -36.40% 18.18% -27.16% Should increase  or be stable. CDN$
Diff from Ave -67.9% -40.3% -58.3% -63.9% 13.8% -3.5% 3.4% 5.2% 16.3% 28.5% -18.3% -3.4% -29.6% 0.00 <-Median-> 10 OPM CDN$
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 23.88% 5 Yrs 25.12% should be  zero, it is a   check on calculations CDN$
Current Assets US$ $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 $2,169.6 $2,916.4 Liquidity ratio of 1.5 and up, best US$
Current Liabilities $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 $3,157.5 $4,256.2 1.03 <-Median-> 10 Ratio US$
Liquidity 0.66 0.81 1.02 1.12 1.12 1.66 1.66 0.67 0.72 0.68 1.03 0.69 0.69 0.69 <-Median-> 5 Ratio US$
Curr Long Term Debt $1,245.6 $1,245.6 $849.4 $28.7 $28.7 $28.7
Assets US$ $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 $29,341.5 $30,677.7 Debt Ratio of 1.5 and up, best US$
Liabilities $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 $17,719.8 $17,981.1 2.32 <-Median-> 10 Ratio US$
Debt Ratio 1.82 2.01 2.15 2.35 2.44 2.62 2.62 1.97 2.25 2.29 2.35 1.66 1.71 2.25 <-Median-> 5 Ratio US$
Check $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 $11,621.7 $12,696.6
Total Book Value US$ $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 $11,621.7 $12,696.6 $12,697 $12,697 99.78% <-Total Growth 10 Book Value US$
Non-Controlling Int US$ $13.2 $43.8 $42.3 $24.7 $24.9 $22.8 $20.1 $203.0 $208.4 $208 $208 1437.88% <-Total Growth 7 Non-Controlling Int US$ US$
Book Value US$ $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 $11,418.7 $12,488.2 $12,488 $12,488 96.29% <-Total Growth 10 Book Value US$
Book Value per share $31.08 $33.42 $39.55 $33.10 $38.57 $41.98 $40.79 $42.15 $45.06 $40.74 $36.30 $50.89 $55.53 $55.53 $55.53 52.24% <-Total Growth 10 Book Value per Share US$
Change 78.17% 7.53% 18.34% -16.33% 16.54% 8.85% -2.85% 3.34% 6.91% -9.59% -10.89% 40.16% 9.12% 0.00% 0.00% -3.37% P/B Ratio Current/Historical Median US$
P/B Ratio (Median) 1.10 1.02 1.19 1.43 1.06 1.07 1.09 1.00 1.09 1.58 2.21 1.91 1.62 1.51 P/B Ratio Historical Median US$
P/B Ratio (Close) 1.23 1.54 1.13 1.42 1.16 1.20 1.07 1.02 1.25 1.83 2.59 1.91 1.46 1.46 1.46 4.29% <-IRR #YR-> 10 Book Value 52.24% US$
Change -43.44% 25.60% -26.56% 25.32% -18.55% 3.26% -10.20% -5.45% 22.74% 46.80% 41.44% -26.08% -23.84% 0.00% 0.00% 4.52% <-IRR #YR-> 5 Book Value 24.75% US$
Leverage (A/BK) 2.22 1.99 1.88 1.74 1.69 1.62 1.62 2.03 1.80 1.78 1.74 2.57 2.46 1.76 <-Median-> 10 A/BV US$
Debt/Equity Ratio 1.22 0.99 0.88 0.74 0.69 0.62 0.62 1.03 0.80 0.78 0.74 1.55 1.44 0.76 <-Median-> 10 Debt/Eq Ratio US$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.14 5 yr Med 1.58 27.75% Diff M/C 1.88 Historical Leverage (A/BK) US$
-$33.42 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $50.89
-$40.79 $0.00 $0.00 $0.00 $0.00 $50.89
Current Assets CDN$ $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 $2,913.1 $3,760.1 Liquidity ratio of 1.5 and up, best CDN$
Current Liabilities $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 $4,239.6 $5,487.5 1.03 <-Median-> 10 Ratio CDN$
Liquidity 0.66 0.81 1.02 1.12 1.12 1.66 1.66 0.67 0.72 0.68 1.03 0.69 0.69 0.69 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 0.80 1.21 1.31 1.40 1.53 2.08 2.16 0.96 1.15 1.10 1.34 0.93 1.04 1.10 <-Median-> 5 Ratio CDN$
Liq. CF re  Inv+Div  0.78 1.04 1.05 1.10 1.36 1.63 1.70 0.48 1.02 1.09 1.05 0.19 1.04 1.02 <-Median-> 5 Ratio CDN$
Curr Long Term Debt $1,243.5 $1,324.8 $985.4 $39.7 $38.5 $37.0 Curr Long Term Debt CDN$
Liquidity Less CLTD 1.29 1.72 1.07 1.06 0.69 0.69 1.07 <-Median-> 5 Ratio CDN$
Liq. with CF aft div 1.84 2.74 1.74 1.38 0.94 1.04 1.74 <-Median-> 5 Ratio CDN$
Assets CDN$ $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 $39,396.8 $39,552.8 Debt Ratio of 1.5 and up, best CDN$
Liabilities $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 $23,792.4 $23,183.0 2.32 <-Median-> 10 Ratio CDN$
Debt Ratio 1.82 2.01 2.15 2.35 2.44 2.62 2.62 1.97 2.25 2.29 2.35 1.66 1.71 2.25 <-Median-> 5 Ratio CDN$
Check BV CDN$ $7,978.1 $9,214.8 $9,148.7 $9,780.6 $15,604.5 $16,369.7
Total Book Value CDN$ $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 $15,604.5 $16,369.7 $16,370 $16,370 130.21% <-Total Growth 10 Book Value CDN$
Non-Controlling Int CDN$ $0.0 $13.8 $43.7 $43.1 $24.7 $26.5 $26.5 $27.8 $272.6 $268.7 $269 $269 CDN$
Book Value CDN$ $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 $15,331.9 $16,101.0 $16,101 $16,101 126.19% <-Total Growth 10 Book Value CDN$
Book Value per share 2005 Book Value CDN$
Book Value per share $36.15 $38.95 $39.08 $40.43 $40.35 $41.86 $41.55 $42.08 $47.93 $47.27 $50.27 $68.32 $71.59 $71.59 $71.59 75.44% <-Total Growth 10 Book Value per Share CDN$
Change -2.05% 7.74% 0.35% 3.44% -0.20% 3.75% -0.74% 1.28% 13.90% -1.39% 6.36% 35.91% 4.78% 0.00% 0.00% 33.42% P/B Ratio Current/Historical Median CDN$
P/B Ratio (Median) 1.17 1.02 1.27 1.28 1.17 1.11 1.09 1.01 1.05 1.53 2.16 1.93 1.63 1.09 P/B Ratio Historical Median CDN$
P/B Ratio (Close) 1.05 1.14 1.30 1.43 1.17 1.21 1.09 1.01 1.24 1.84 2.59 1.91 1.45 1.45 1.45 5.78% <-IRR #YR-> 10 Book Value 75.44% CDN$
Change -14.10% 9.48% 13.96% 9.88% -18.61% 3.35% -9.94% -7.00% 23.28% 47.90% 40.49% -26.08% -24.04% 0.00% 0.00% 10.46% <-IRR #YR-> 5 Book Value 64.44% CDN$
Leverage (A/BK) 2.22 1.99 1.88 1.74 1.69 1.62 1.62 2.03 1.80 1.78 1.74 2.57 2.46 1.76 <-Median-> 10 A/BV CDN$
Debt/Equity Ratio 1.22 0.99 0.88 0.74 0.69 0.62 0.62 1.03 0.80 0.78 0.74 1.55 1.44 0.76 <-Median-> 10 Debt/Eq Ratio CDN$
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 1.22 5 yr Med 1.53 19.01% Diff M/C 1.80 Historical Leverage (A/BK) CDN$
-$38.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $68.32
-$41.55 $0.00 $0.00 $0.00 $0.00 $68.32
$2,837.70 <-12 mths 33.52%
Comprehensive Inc US$ $860.30 $376.30 $594.40 $765.40 -$535.50 -$437.0 $2,128.3 147.39% <-Total Growth 6 Comprehensive Inc  US$
NCI $2.20 $0.08 -$3.90 $5.20 $3.80 -$2.3 $3.0 36.36% <-Total Growth 6 NCI US$
Shareholders $663.10 $1,285.10 -$1,248.20 $858.10 $376.22 $598.30 $760.20 -$539.30 -$434.7 $2,125.3 220.51% <-Total Growth 9 Shareholders US$
Increase 93.80% -197.13% 168.75% -56.16% 59.03% 27.06% -170.94% 19.40% 588.91% 27.06% <-Median-> 5 Comprehensive Income US$
5 Yr Running Average $387 $374 $269 $411 $152 $502 13.82% <-IRR #YR-> 9 Comprehensive Income 220.51% US$
ROE 9.3% 21.5% -17.6% 10.9% 4.9% 7.5% 8.8% -6.9% -6.2% 18.6% 41.38% <-IRR #YR-> 5 Comprehensive Income 464.91% US$
5Yr Median 9.3% 7.5% 7.5% 7.5% 4.9% 7.5% 5.35% <-IRR #YR-> 5 5 Yr Running Average #DIV/0! US$
% Difference from NI 33.37% 231.21% -273.26% 21.25% -44.37% 35.06% 34.00% -204.92% -220.92% 7.56% 5.35% <-IRR #YR-> 5 5 Yr Running Average 29.75% US$
Median Values Diff 5, 10 yr 14.4% 7.6% 7.5% <-Median-> 5 Return on Equity US$
Current Liability Coverage Ratio 0.26 0.46 0.49 0.83 0.67 0.74 0.78 0.35 0.60 0.62 0.74 0.40 0.44   CFO / Current Liabilities
5 year Median 0.37 0.40 0.41 0.46 0.49 0.67 0.74 0.74 0.67 0.62 0.62 0.60 0.60 0.65 <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 4.87% 7.20% 6.33% 7.89% 8.81% 7.79% 8.04% 5.66% 8.18% 10.37% 7.39% 4.32% 6.07% CFO / Total Assets
5 year Median 10.32% 9.06% 7.20% 7.20% 7.20% 7.79% 7.89% 7.89% 8.04% 8.04% 8.04% 7.39% 7.39% 7.8% <-Median-> 10 Return on Assets 
Return on Assets ROA 1.9% 5.4% 3.7% 3.7% 6.0% 5.6% 5.4% 2.7% 3.6% 3.7% 2.9% 6.7% 3.8% Net  Income/Assets Return on Assets
5Yr Median 3.8% 3.8% 3.7% 3.7% 3.7% 5.4% 5.4% 5.4% 5.4% 3.7% 3.6% 3.6% 3.7% 3.7% <-Median-> 10 Asset Efficiency Ratio
ROE US$ 4.2% 10.8% 7.0% 6.5% 10.2% 9.0% 8.8% 5.6% 6.6% 6.5% 5.1% 17.3% 9.3% Net Income/Shareholders' equity ROE US$
5Yr Median 12.9% 12.3% 10.8% 7.0% 7.0% 9.0% 8.8% 8.8% 8.8% 6.6% 6.5% 6.5% 6.6% 6.5% <-Median-> 5 ROE US$
$7,243.50 <-12 mths 266.59%
Net Income US$ $400.1 $723.20 $709.90 $677.10 $439.1 $572.5 $517.8 $362.8 $1,981.8 395.33% <-Total Growth 8 Net Income US$
NCI $12.10 $2.80 $2.20 $0.80 -$3.90 $5.20 $3.80 $3.3 $5.9 -51.24% <-Total Growth 8 NCI US$
Shareholders $224.03 $631.00 $497.20 $388.00 $720.40 $707.70 $676.30 $443.00 $567.30 $514.00 $359.5 $1,975.9 $1,162 $1,290 213.14% <-Total Growth 10 Shareholders US$
Increase 13.87% 181.66% -21.20% -21.96% 85.67% -1.76% -4.44% -34.50% 28.06% -9.40% -30.06% 449.62% -41.19% 11.02% EPS/CF Ratio should not be higher than 1.00 US$
5 Yr Running Average $174 $276 $343 $387 $492 $589 $598 $587 $623 $582 $512 $772 $916 $1,060 12.09% <-IRR #YR-> 10 Net Income 213.14% US$
Operating Cash Flow $422.28 $833.24 $616.04 $411.50 $824.20 $749.70 $868.10 $983.7 $1,168.2 $1,272.6 -$334.7 -$334.7 23.92% <-IRR #YR-> 5 Net Income 192.16% US$
Investment Cash Flow -$32.71 -$294.81 -$439.15 -$269.50 -$194.10 -$367.40 -$338.10 -$2,635.1 -$277.0 -$23.9 -$334.7 -$12,286.6 10.85% <-IRR #YR-> 10 5 Yr Running Average 180.08% US$
Total Accruals -$165.54 $92.57 $320.31 $246.00 $90.30 $325.40 $146.30 $2,094.4 -$323.9 -$734.7 $1,028.9 $14,597.2 5.24% <-IRR #YR-> 5 5 Yr Running Average 29.10% US$
Total Assets $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 $29,341.5 Balance Sheet Assets US$
Accruals Ratio -1.40% 0.80% 2.38% 2.36% 0.75% 2.56% 1.18% 12.92% -2.08% -5.25% 8.38% 49.75% 8.38% <-Median-> 5 Ratio US$
EPS/CF Ratio 0.25 0.43 0.58 0.46 0.67 0.72 0.68 0.50 0.46 0.37 0.41 1.64
-$631.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $1,975.9
-$676.3 $0.0 $0.0 $0.0 $0.0 $1,975.9
-$275.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $771.9
-$597.9 $0.0 $0.0 $0.0 $0.0 $771.9
Financial Cash Flow US$ -$188.78 -$401.24 $8.44 -$266.90 -$117.20 -$7.60 -$665.10 $1,171.4 -$1,059.2 -$802.0 -$512.0 $11,317.9 C F Statement  Financial CF US$
Total Accruals $23.24 $493.81 $311.88 $512.90 $207.50 $333.00 $811.40 $923.0 $735.3 $67.3 $1,540.9 $3,279.3 Accruals US$
Accruals Ratio 0.20% 4.26% 2.32% 4.92% 1.73% 2.62% 6.53% 5.69% 4.72% 0.48% 12.55% 11.18% 5.69% <-Median-> 5 Ratio US$
$3,658.65 <-12 mths 28.21%
Comprehensive Inc CDN$ $857.72 $383.31 $593.40 $814.08 -$621.23 -$605.13 $2,857.67 233.17% <-Total Growth 6 Comprehensive Income CDN$
NCI $2.19 $0.08 -$3.89 $5.53 $4.41 -$3.18 $4.03 83.65% <-Total Growth 6 NCI CDN$
Shareholders $655.21 $1,569.75 -$1,305.74 $855.53 $383.23 $597.29 $808.55 -$625.64 -$601.95 $2,853.64 335.53% <-Total Growth 9 Shareholders CDN$
Increase 139.58% -183.18% 165.52% -55.21% 55.86% 35.37% -177.38% 3.79% 574.07% 35.37% <-Median-> 5 Comprehensive Income CDN$
5 Yr Running Average $431.59 $420.01 $267.77 $403.79 $112.29 $606.38 17.76% <-IRR #YR-> 9 Comprehensive Income 335.53% CDN$
ROE 9.3% 21.5% -17.6% 10.9% 4.9% 7.5% 8.8% -6.8% -6.2% 18.3% 49.41% <-IRR #YR-> 5 Comprehensive Income 644.64% CDN$
5Yr Median 9.3% 7.5% 7.5% 7.5% 4.9% 7.5% 7.04% <-IRR #YR-> 5 5 Yr Running Average #DIV/0! CDN$
% Difference from NI 33.4% 231.2% -272.9% 20.6% -44.7% 34.6% 33.6% -204.6% -220.6% 5.7% 7.04% <-IRR #YR-> 5 5 Yr Running Average 40.50% CDN$
Median Values Diff 5, 10 yr 13.1% 5.7% 7.5% <-Median-> 5 Return on Equity CDN$
Current Liability Coverage Ratio 0.19 0.46 0.49 0.83 0.67 0.74 0.78 0.35 0.60 0.62 0.74 0.40 0.44   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 0.60 0.60 0.60 <-Median-> 5 Current Liability Cov Ratio CDN$
Asset Efficiency Ratio 3.58% 7.20% 6.33% 7.89% 8.81% 7.79% 8.04% 5.66% 8.18% 10.37% 7.39% 4.32% 6.07% CFO / Total Assets CDN$
5 year Median 7.17% 7.20% 7.20% 7.20% 7.20% 7.79% 7.89% 7.89% 8.04% 8.04% 8.04% 7.39% 7.39% 7.4% <-Median-> 5 Return on Assets  CDN$
Return on Assets ROA 1.9% 5.4% 3.7% 3.7% 6.0% 5.6% 5.4% 2.7% 3.6% 3.7% 2.9% 6.7% 2.2% Net  Income/Assets Return on Assets CDN$
5Yr Median 4.2% 5.4% 5.4% 3.7% 3.7% 5.4% 5.4% 5.4% 5.4% 3.7% 3.6% 3.6% 3.6% 3.6% <-Median-> 5 Asset Efficiency Ratio CDN$
Return on Equity ROE 4.2% 10.8% 7.0% 6.5% 10.2% 9.0% 8.8% 5.6% 6.6% 6.5% 5.1% 17.3% 5.3% Net Inc/ Shareholders' equity Return on Equity CDN$
5Yr Median 16.8% 15.1% 10.8% 7.0% 7.0% 9.0% 8.8% 8.8% 8.8% 6.6% 6.5% 6.5% 6.5% 6.5% <-Median-> 5 Return on Equity CDN$
$9,339.04 <-12 mths 252.01%
Net Income CDN$ $488.7 $756.5 $707.8 $689.7 $438.4 $608.9 $600.7 $502.4 $2,661.0 444.47% <-Total Growth 8 Net Income CDN$
NCI $14.8 $2.9 $2.2 $0.8 -$3.9 $5.5 $4.4 $4.6 $7.9 -46.40% <-Total Growth 8 Net Income CDN$
Shareholders $260.55 $735.24 $491.28 $473.94 $753.61 $705.58 $688.89 $442.25 $603.38 $596.29 $497.82 $2,653.04 $852.0 $1,040.0 $1,044.0 260.84% <-Total Growth 10 Net Income CDN$
Increase 9.94% 182.19% -33.18% -3.53% 59.01% -6.37% -2.37% -35.80% 36.43% -1.17% -16.51% 432.94% -67.89% 22.07% 0.38% EPS/CF Ratio should not be higher than 1.00 CDN$
5 Yr Running Average $224 $344 $407 $440 $543 $632 $623 $613 $639 $607 $566 $959 $1,041 $1,128 $1,217 13.69% <-IRR #YR-> 10 Net Income 260.84% CDN$
Operating Cash Flow $491.11 $970.90 $608.71 $502.65 $862.20 $747.46 $884.26 $982.0 $1,242.5 $1,476.3 $964.3 $1,513.1 30.95% <-IRR #YR-> 5 Net Income 285.12% CDN$
Investment Cash Flow -$38.04 -$343.52 -$433.92 -$329.19 -$203.05 -$366.30 -$344.40 -$2,630.6 -$294.6 -$27.8 -$463.5 -$16,497.2 10.80% <-IRR #YR-> 10 5 Yr Running Average 178.80% CDN$
Total Accruals -$192.52 $107.86 $316.50 $300.49 $94.46 $324.43 $149.02 $2,090.9 -$344.5 -$852.3 -$3.0 $17,637.2 9.01% <-IRR #YR-> 5 5 Yr Running Average 53.94% CDN$
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 $39,396.8 Balance Sheet Assets CDN$
Accruals Ratio -1.40% 0.80% 2.38% 2.36% 0.75% 2.56% 1.18% 12.92% -2.08% -5.25% -0.02% 44.77% -0.02% <-Median-> 5 Ratio CDN$
EPS/CF Ratio 0.34 0.43 0.58 0.46 0.67 0.72 0.68 0.50 0.46 0.37 0.41 1.64 0.54 <-Median-> 10 EPS/CF Ratio CDN$
-$735.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2,653.0
-$688.9 $0.0 $0.0 $0.0 $0.0 $2,653.0
-$343.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $958.6
-$622.7 $0.0 $0.0 $0.0 $0.0 $958.6
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 $15,196.5 C F Statement  Financial Cash Flow CDN$
Total Accruals $27.03 $575.39 $308.16 $626.51 $217.07 $332.00 $826.51 $921.4 $782.1 $78.1 $705.9 $2,440.6 Accruals CDN$
Accruals Ratio 0.20% 4.26% 2.32% 4.92% 1.73% 2.62% 6.53% 5.69% 4.72% 0.48% 4.15% 6.19% 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 $560.9 $971.3 Cash US$
Cash CDN$ $264.09 $768.05 $1,213.95 $1,098.99 $622.9 $470.4 $724.6 $596.7 $753.1 $1,252.3 Cash CDN$
Cash Per Shares CDN$ $1.46 $4.18 $6.50 $5.86 $3.30 $2.45 $3.75 $3.08 $3.36 $5.57 $3.30 <-Median-> 5 Cash per Share CDN$
Percentage of Stock Price 2.52% 8.88% 12.88% 13.00% 7.76% 4.11% 4.32% 2.37% 2.57% 5.36% 4.11% <-Median-> 5 % of Stock Price CDN$
Notes:
October 30, 2017.  Last estimates were for 2016, 2017 and 2018 of $9711M, $11459M and $11567M for Revenue US$, $4.50, $5.23 and $5.63 for EPS US$, $4.65, 9.78 and $10.70 for CPFS US$, $753M, $1162M abd $1290M for Net Income US$
For 2016 I used unaudited Pro Forma Condensed Combined Statements as they agreed with values on 4-Traders and Reuters.
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.
Sector:
Consumers Discretionary
What should this stock accomplish?
Would I buy this company and Why.
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.
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.
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 Shares %, Val $M
Date Aug 01 2012 Sep 29 2013 Oct 25 2014 Nov 1 2015 Nov 2 2016 Oct 30 2017
Hunter, Mark 0.624 0.32% 0.070 0.03% 0.092 0.04% B Class B
CEO - Shares B - Amount $58.591 $6.811 $7.425 B Class B
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% US$
Options - amount $0.000 $0.000 $0.000
Swinburn Peter S 0.216 0.11%
CEO - Shares B - Amount $16.110
Options - percentage 0.000 0.00%
Options - amount $0.000
Joubert, Tracey 0.024 0.01% B
CFO - Shares B- Amount $1.928 B
Options - percentage 0.000 0.00%
Options - amount $0.000
Restrepo, Mauricio 0.028 0.01%
CFO - Shares B- Amount $2.740 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% 0.082 0.04% B was CFO before 2016
Officer - Shares B- Amount $1.519 $2.270 $2.692 $6.632 B Class B
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% US$
Options - amount $0.000 $0.000 $0.000 $0.000
Anand, Krishnan 0.037 0.02% 0.030 0.02% 0.027 0.01% 0.000 0.00% B
Officer - Shares B - Amount $2.765 $2.774 $2.601 $0.000 B Class B
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% US$
Options - amount $0.000 $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
Coors, Peter H.  89.258 46.25% 14.252 7.35% 14.278 6.36% 14.665 6.52% B Was chairman when
Vice Chairman - Shares - Amt $6,651.537 $1,338.567 $1,389.376 $1,185.975 B I looked in 2014
Options - percentage 0.000 0.00% 0.000 0.00% 0.012 0.01% 0.000 0.00% 2015 was him & wife
Options - amount $0.000 $0.000 $1.168 $0.000 2014 said family
Molson, Geoffrey E. 0.017 0.01% 0.017 0.01% 0.019 0.01% B
Chairman - Shares - Amt $1.579 $1.682 $1.554 B
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00%
Options - amount $0.000 $0.000 $0.000
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% 0.500 0.22% Class B 169.9
due to SO $31.570 $63.720 $161.055 $113.100 $130.000 $48.655
Book Value $6.900 $36.900 $94.600 $69.600 $70.100 $31.200
Insider Buying $0.000 $0.000 $0.000
Insider Selling $10.309 $5.671 $2.211
Net Insider Selling $43.796 $10.309 $5.671 $2.211
% of Market Cap 0.26% 0.04% 0.02% 0.01%
Directors 14 13 14 14 14
Women 1 7% 1 8% 1 7% 2 14% 2 14%
Minorities 0 0% 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% data unavailable 2017
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% 574 88.75%
Total Shares Held - TAP 130.998 1986.69% 132.494 75.67% 168.838 81.84% 173.198 83.55% of NYSE  o/s shares
Increase/Decrease -0.141 -0.11% -1.495 -1.12% -0.857 -0.50% 0.134 0.08%
Starting No. of Shares 131.139 496 133.990 Nasdaq 169.694 Nasdaq 173.065 Nasdaq
Institutions/Holdings 7 36.04% 7 31.39% 7 27.56% 10 20.03% 10 24.05%
Total Shares Held -TPX.B 6.942 3.60% 5.698 32.37% 4.598 28.74% 3.391 22.31% 3.533 24.04% of TSX B o/s shares
Increase/Decrease -0.006 -0.08% -0.718 -11.19% -0.192 -4.02% -0.044 -1.29% -0.024 -0.66%
Starting No. of Shares 6.948 6.415 4.790 3.435 Reuters 3.557 Reuters
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