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.

Estimates

While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.

Q2 2025

See my website on stocks or see my blog at the following sites.

https://spbrunner.com/stocks.html

https://spbrunner.blogspot.com/

Molson Coors Brewing Co

NYSE:

TAP

Molson Coors Canada

TSX:

TPX.B

http://www.molsoncoors.com/en

Fiscal Yr:

Dec 31

Year

12/31/12

12/31/13

12/31/14

12/31/15

12/31/16

12/31/17

12/31/18

12/31/19

12/31/20

12/31/21

12/31/22

12/31/23

12/31/24

12/31/25

12/31/26

12/31/27

Value

Description

Item

Total G

Currency

USD - CDN$

0.9983

1.0636

1.1601

1.3847

1.3427

1.2545

1.3642

1.2988

1.2732

1.2678

1.3544

1.3226

1.4389

1.4000

USD - CDN$

Change

-1.99%

6.54%

9.07%

19.36%

-3.04%

-6.57%

8.74%

-4.79%

-1.97%

-0.42%

6.83%

-2.35%

8.79%

-2.70%

0.00%

Change

Accounting Rules

US GAAP

Accounting Rules

Molson Yr End

Molson

Splits etc

Special Items & Other items

729.50

339.00

237.40

863.00

2,532.90

36.40

$249.7

$708.8

$1,740.2

$44.5

$840.3

$12.0

$2.7

-98.86%

<-Total Growth

Special Items

Change

63.71%

-53.53%

-29.97%

263.52%

193.50%

-98.56%

585.99%

183.86%

145.51%

-97.44%

1788.31%

-98.57%

-77.50%

164.69%

<-Median->

Change

Ratio

0.19

0.08

0.06

0.24

0.52

0.00

0.02

0.07

0.18

0.00

0.08

0.00

0.05

<-Median->

Ratio

Cost of Sales

$2,352.5

$2,545.6

$2,493.3

$2,163.5

$2,999.0

$6,236.7

$6,584.8

6,378.20

5,885.70

6,226.30

7,045.80

$7,333.3

$7,093.6

$6,910.4

<-12 mths

-2.58%

184.51%

<-Total Growth

Cost of Sales

Change

14.81%

8.21%

-2.05%

-13.23%

38.62%

107.96%

5.58%

-3.14%

-7.72%

5.79%

13.16%

4.08%

-3.27%

-2.58%

<-12 mths

20.99%

4.83%

<-Median->

Change

Ratio

0.60

0.61

0.60

0.61

0.57

0.61

0.60

0.61

0.66

0.63

0.61

<-12 mths

0.39%

0.61

<-Median->

Ratio

Selling & Admin & Other

$1,126.1

$1,193.8

$1,163.9

$1,051.8

$1,597.2

$3,052.0

$3,052.4

$2,728.0

$2,437.0

$2,554.5

$2,657.4

$2,942.6

$2,782.9

$2,746.1

<-12 mths

-1.32%

139.10%

<-Total Growth

Selling & Admin & Other

Change

10.51%

6.01%

-2.50%

-9.63%

51.85%

91.08%

0.01%

-10.63%

-10.67%

4.82%

4.03%

10.73%

-5.43%

-1.32%

<-12 mths

75.63%

2.02%

<-Median->

Change

Ratio

0.29

0.28

0.29

0.33

0.28

0.26

0.25

0.24

<-12 mths

1.68%

0.26

<-Median->

Ratio

Total

$3,478.6

$3,739.4

$3,657.2

$3,215.3

$4,596.2

$9,288.7

$9,637.2

$9,106.2

$8,322.7

$8,780.8

$9,703.2

$10,275.9

$9,876.5

$9,656.5

<-12 mths

-2.23%

170.06%

<-Total Growth

Total

Change

13.38%

7.50%

-2.20%

-12.08%

42.95%

102.10%

3.75%

-5.51%

-8.60%

5.50%

10.50%

5.90%

-3.89%

-2.23%

<-12 mths

42.69%

4.63%

<-Median->

Change

Ratio

0.89

0.88

0.90

0.94

0.84

0.89

0.86

0.85

0.91

0.88

0.85

0.86

<-12 mths

0.75%

0.87

<-Median->

Ratio

$11,283.2

<-12 mths

-2.96%

Revenue*

$5,615.0

$5,999.6

$5,927.5

$5,127.4

$6,597.4

$13,471.5

$13,338.0

$13,009.1

$11,723.8

$11,449.9

$12,807.5

$13,884.6

$13,734.3

Revenue net Excise tax

$3,916.5

$4,206.1

$4,146.3

$3,567.5

$4,885.0

$11,002.8

$10,769.6

$10,579.4

$9,654.0

$10,279.7

$10,701.0

$11,702.1

$11,627.0

$11,256

$11,303

$11,389

180.42%

<-Total Growth

Revenue

US$

Increase

11.40%

7.39%

-1.42%

-13.96%

36.93%

125.24%

-2.12%

-1.77%

-8.75%

6.48%

4.10%

9.36%

-0.64%

-3.19%

0.42%

0.76%

10.86%

<-IRR #YR->

Revenue

180.42%

US$

5 year Running Average

$3,698.7

$3,585.0

$3,807.8

$3,870.4

$4,144.3

$5,561.5

$6,874.2

$8,160.9

$9,378.2

$10,457.1

$10,396.7

$10,583.2

$10,792.8

$11,113

$11,318

$11,455

1.91%

<-IRR #YR->

Revenue

9.90%

US$

Revenue per Share

$20.72

$21.94

$21.48

$18.39

$21.77

$48.92

$47.74

$46.85

$42.68

$47.37

$49.47

$54.86

$57.22

$56.93

$57.17

$57.61

10.98%

<-IRR #YR->

5 yr Running Average

183.44%

US$

Increase

10.52%

5.88%

-2.09%

-14.40%

18.38%

124.74%

-2.42%

-1.85%

-8.91%

11.00%

4.44%

10.89%

4.30%

-0.50%

0.42%

0.76%

5.75%

<-IRR #YR->

5 yr Running Average

32.25%

US$

5 year Running Average

$19.96

$19.06

$20.06

$20.26

$20.86

$26.50

$31.66

$36.73

$41.59

$46.71

$46.82

$48.25

$50.32

$53.17

$55.13

$56.76

10.29%

<-IRR #YR->

Revenue per Share

166.34%

US$

P/S (Price/Sales) Med

2.03

2.23

3.00

4.36

4.48

1.82

1.47

1.25

1.06

1.10

1.08

1.09

1.03

0.94

0.00

4.08%

<-IRR #YR->

Revenue per Share

22.13%

US$

P/S (Price/Sales) Close

2.06

2.56

3.47

5.11

4.47

1.68

1.18

1.15

1.06

0.98

1.04

1.12

1.00

0.81

0.80

9.63%

<-IRR #YR->

5 yr Running Average

150.81%

US$

*Sales in M US$

P/S Med

20 yr

1.63

15 yr

1.82

10 yr

1.17

5 yr

1.08

-31.11%

Diff M/C

6.50%

<-IRR #YR->

5 yr Running Average

36.99%

US$

$15,796.5

<-12 mths

-5.58%

Revenue CDN

$5,605.5

$6,381.2

$6,876.5

$7,100.1

$8,858.3

$16,900.0

$18,195.7

$16,896.2

$14,926.7

$14,516.2

$17,346.5

$18,363.8

$19,762.3

Revenue CDN net Excise Tax

$3,909.9

$4,473.6

$4,810.1

$4,940.1

$6,559.1

$13,803.0

$14,691.9

$13,740.5

$12,291.5

$13,032.6

$14,493.4

$15,477.2

$16,730.1

$15,758

$15,824

$15,945

247.81%

<-Total Growth

Revenue

CDN$

Increase

9.18%

14.42%

7.52%

2.70%

32.77%

110.44%

6.44%

-6.48%

-10.55%

6.03%

11.21%

6.79%

8.10%

-5.81%

0.42%

0.76%

13.28%

<-IRR #YR->

Revenue

247.81%

CDN$

5 year Running Average

$3,947.9

$3,676.3

$4,003.9

$4,343.0

$4,938.6

$6,917.2

$8,960.8

$10,746.9

$12,217.2

$13,511.9

$13,650.0

$13,807.0

$14,405.0

$15,098

$15,657

$15,947

4.02%

<-IRR #YR->

Revenue

21.76%

CDN$

Revenue per Share

$20.69

$23.34

$24.92

$25.46

$29.23

$61.37

$65.12

$60.85

$54.34

$60.06

$67.01

$72.56

$82.33

$79.71

$80.04

$80.65

13.66%

<-IRR #YR->

5 yr Running Average

259.77%

CDN$

Increase

8.31%

12.81%

6.80%

2.17%

14.79%

109.97%

6.11%

-6.56%

-10.70%

10.52%

11.57%

8.29%

13.47%

-3.19%

0.42%

0.76%

6.03%

<-IRR #YR->

5 yr Running Average

34.04%

CDN$

5 year Running Average

$21.34

$19.55

$21.08

$22.70

$24.73

$32.87

$41.22

$48.41

$54.18

$60.35

$61.48

$62.96

$67.26

$72.33

$76.33

$79.06

12.69%

<-IRR #YR->

Revenue per Share

230.35%

CDN$

P/S (Price/Sales) Med

2.05

2.16

2.91

4.27

4.50

1.88

1.48

1.31

1.12

1.06

1.04

1.10

0.97

0.98

0.00

6.23%

<-IRR #YR->

Revenue per Share

35.30%

CDN$

P/S (Price/Sales) Close

2.05

2.56

3.49

5.11

4.47

1.71

1.20

1.18

1.06

0.98

1.04

1.10

1.01

0.81

0.80

12.30%

<-IRR #YR->

5 yr Running Average

219.02%

CDN$

*Sales in M CDN$ Molson to Molson Coors

P/S Med

20 yr

1.54

15 yr

1.88

10 yr

1.22

5 yr

1.06

-33.41%

Diff M/C

6.80%

<-IRR #YR->

5 yr Running Average

38.94%

CDN$

$1,157.0

<-12 mths

-7.44%

$5.64

<-12 mths

-5.37%

Adjusted Profit US$

$1,222.7

$1,290.3

$1,327.6

$700.4

$675.7

$968.6

$1,091.2

$985.0

$851.7

$902.1

$892.6

$1,179.4

$1,250.0

Basic

$6.76

$7.05

$7.25

$3.78

$3.19

$4.50

$5.05

$4.55

$3.93

$4.16

$4.12

$5.46

$5.99

AEPS* Dilued

$6.73

$7.00

$7.21

$3.76

$3.17

$4.47

$5.04

$4.54

$3.92

$4.15

$4.10

$5.43

$5.96

$5.42

$5.68

$5.95

-17.31%

<-Total Growth

AEPS

Increase

12.25%

4.15%

2.89%

-47.83%

-15.69%

41.01%

12.75%

-9.92%

-13.66%

5.87%

-1.20%

32.44%

9.76%

-9.06%

4.80%

4.75%

Years of Data, EPS P or N

100.00%

US$

5 year Running Average

$4.44

$5.42

$6.15

$6.14

$5.57

$5.12

$4.73

$4.20

$4.23

$4.42

$4.35

$4.43

$4.71

$5.01

$5.32

$5.69

-1.88%

<-IRR #YR->

AEPS

-17.31%

US$

AEPS Yield

15.72%

12.48%

9.67%

4.00%

3.26%

5.45%

8.97%

8.42%

8.67%

8.95%

7.96%

8.87%

10.40%

11.79%

12.36%

12.94%

5.59%

<-IRR #YR->

AEPS

31.28%

US$

Payout Ratio

19.03%

18.27%

20.53%

43.62%

51.74%

36.69%

32.54%

43.17%

14.54%

16.39%

37.07%

30.20%

29.53%

34.69%

33.10%

31.60%

-2.62%

<-IRR #YR->

5 yr Running Average

-23.36%

US$

5 year Running Average

18.78%

22.44%

21.38%

24.43%

30.64%

34.17%

37.02%

41.55%

35.74%

28.67%

28.74%

28.27%

25.55%

29.58%

32.92%

31.82%

2.35%

<-IRR #YR->

5 yr Running Average

12.30%

US$

Price/AEPS Median

6.27

6.99

8.95

21.32

30.74

19.92

13.92

12.85

11.56

12.54

13.01

11.02

9.84

9.87

0.00

12.93

<-Median->

Price/AEPS Median

US$

Price/AEPS High

6.84

8.02

10.79

25.30

35.09

22.73

16.91

14.65

14.76

14.64

14.56

13.01

11.38

11.61

0.00

14.70

<-Median->

Price/AEPS High

US$

Price/AEPS Low

5.69

5.97

7.12

17.34

26.38

17.12

10.94

11.05

8.36

10.45

11.47

9.03

8.31

8.13

0.00

11.00

<-Median->

Price/AEPS Low

US$

Price/AEPS Close

6.36

8.02

10.34

24.98

30.70

18.36

11.14

11.87

11.53

11.17

12.57

11.27

9.62

8.48

8.09

7.73

11.70

<-Median->

Price/AEPS Close

US$

Trailing P/AEPS Close

7.14

8.35

10.64

13.03

25.88

25.89

12.56

10.69

9.95

11.82

12.41

14.93

10.56

7.71

8.48

8.09

12.49

<-Median->

Trailing P/AEPS Close

US$

Median Values

P/AEPS

Historical

in order

11.56

14.18

9.03

11.27

P/AEPS

in order

11.56

14.56

9.03

11.27

-26.62%

Diff M/C

DPR 75% to 95% best

US$

* Adjusted Earnings per Share

Underlying Net Income (Loss)

-$7.21

$0.00

$5.96

In News Release

-$4.54

$0.00

$5.96

-$6.15

$0.00

$4.71

-$4.20

$0.00

$4.71

$1,619.80

<-12 mths

-9.94%

$7.90

<-12 mths

-7.93%

Adjusted Profit CDN$

$1,220.6

$1,372.4

$1,540.1

$969.9

$907.3

$1,215.1

$1,488.6

$1,279.3

$1,084.4

$1,143.7

$1,208.9

$1,559.9

$1,798.6

Basic

$6.75

$7.50

$8.42

$5.23

$4.28

$5.64

$6.89

$5.91

$5.00

$5.27

$5.57

$7.22

$8.61

2.35%

<-Total Growth

AEPS

AEPS* Dilued

$6.71

$7.45

$8.36

$5.21

$4.26

$5.61

$6.88

$5.90

$4.99

$5.26

$5.55

$7.18

$8.58

$7.59

$7.95

$8.33

2.57%

<-Total Growth

AEPS

Increase

10.01%

10.97%

12.23%

-37.73%

-18.25%

31.75%

22.61%

-14.24%

-15.36%

5.42%

5.54%

29.33%

19.41%

-11.52%

4.80%

4.75%

Years of Data, EPS P or N

100.00%

CDN$

5 year Running Average

$4.58

$5.56

$6.49

$6.77

$6.40

$6.18

$6.06

$5.57

$5.53

$5.73

$5.72

$5.78

$6.31

$6.83

$7.37

$7.93

0.25%

<-IRR #YR->

AEPS

2.57%

CDN$

AEPS Yield

15.81%

12.49%

9.61%

4.01%

3.26%

5.36%

8.77%

8.19%

8.66%

8.95%

7.93%

8.97%

10.35%

11.75%

12.32%

12.90%

7.78%

<-IRR #YR->

AEPS

45.44%

CDN$

Payout Ratio

19.03%

18.27%

20.53%

43.62%

51.74%

36.69%

32.54%

43.17%

14.54%

16.39%

37.07%

30.20%

29.53%

34.69%

33.10%

31.60%

-0.27%

<-IRR #YR->

5 yr Running Average

-2.67%

CDN$

5 year Running Average

26.06%

22.44%

21.38%

24.43%

30.64%

34.17%

37.02%

41.55%

35.74%

28.67%

28.74%

28.27%

25.55%

29.58%

32.92%

31.82%

2.54%

<-IRR #YR->

5 yr Running Average

13.36%

CDN$

Price/AEPS Median

6.33

6.77

8.66

20.87

30.92

20.62

13.98

13.50

12.24

12.13

12.61

11.10

9.33

10.30

0.00

13.05

<-Median->

Price/AEPS Median

CDN$

Price/AEPS High

6.85

8.01

10.52

25.20

34.74

23.70

16.97

15.08

15.78

14.04

13.75

13.00

10.76

12.20

0.00

15.43

<-Median->

Price/AEPS High

CDN$

Price/AEPS Low

5.81

5.53

6.80

16.54

27.10

17.55

10.99

11.92

8.71

10.22

11.46

9.20

7.89

8.41

0.00

11.23

<-Median->

Price/AEPS Low

CDN$

Price/AEPS Close

6.33

8.01

10.41

24.97

30.68

18.67

11.40

12.21

11.55

11.18

12.61

11.15

9.66

8.51

8.12

7.75

11.88

<-Median->

Price/AEPS Close

CDN$

Trailing P/AEPS Close

6.96

8.88

11.68

15.55

25.08

24.60

13.98

10.47

9.78

11.78

13.30

14.42

11.53

7.53

8.51

8.12

13.64

<-Median->

Trailing P/AEPS Close

CDN$

Median Values

P/AEPS

Historical

in order

12.24

13.90

10.55

11.48

P/AEPS

in order

12.13

13.75

9.20

11.18

-29.84%

Diff M/C

DPR 75% to 95% best

CDN$

* Adjusted Earnings per Share

-$8.36

$0.00

$8.58

-$5.90

$0.00

$8.58

-$6.49

$0.00

$6.31

-$5.57

$0.00

$6.31

$5.07

<-12 mths

-5.23%

EPS Basic US$

$2.45

$3.10

$2.78

$1.94

$9.33

$6.57

$5.17

$1.12

-$4.38

$4.63

-$0.81

$4.39

$5.38

93.53%

<-Total Growth

EPS Basic

US$

EPS Diluted*

$2.44

$3.08

$2.76

$1.93

$9.26

$6.53

$5.15

$1.11

-$4.38

$4.62

-$0.81

$4.37

$5.35

$5.52

$5.64

$5.87

93.84%

<-Total Growth

EPS Diluted

US$

Increase

-32.78%

26.23%

-10.39%

-30.07%

379.79%

-29.48%

-21.13%

-78.45%

-494.59%

205.48%

-117.53%

639.51%

22.43%

3.08%

2.32%

4.08%

Years of Data, EPS P or N

US$

Earnings Yield

5.7%

5.5%

3.7%

2.1%

9.5%

8.0%

9.2%

2.1%

-9.7%

10.0%

-1.6%

7.1%

9.3%

12.0%

12.3%

12.8%

6.84%

<-IRR #YR->

Earnings per Share

93.84%

US$

5 year Running Average

$3.17

$3.36

$3.14

$2.77

$3.89

$4.71

$5.13

$4.80

$3.53

$2.61

$1.14

$0.98

$1.83

$3.81

$4.01

$5.35

36.96%

<-IRR #YR->

Earnings per Share

381.98%

US$

10 year Running Average

$2.65

$2.72

$2.73

$2.84

$3.56

$3.94

$4.25

$3.97

$3.15

$3.25

$2.93

$3.05

$3.31

$3.67

$3.31

$3.24

-5.26%

<-IRR #YR->

5 yr Running Average

-41.76%

US$

* ESP per share US$

E/P

10 Yrs

7.55%

5Yrs

7.14%

-17.53%

<-IRR #YR->

5 yr Running Average

-61.84%

US$

$7.10

<-12 mths

-7.80%

EPS Basic CDN$

$2.45

$3.30

$3.23

$2.69

$12.53

$8.24

$7.05

$1.45

-$5.58

$5.87

-$1.10

$5.81

$7.74

140.03%

<-Total Growth

EPS Basic

CDN$

EPS Diluted*

$2.44

$3.28

$3.20

$2.67

$12.43

$8.19

$7.03

$1.44

-$5.58

$5.86

-$1.10

$5.78

$7.70

$7.72

$7.90

$8.22

140.43%

<-Total Growth

EPS Diluted

CDN$

Increase

-34.12%

34.48%

-2.26%

-16.53%

365.23%

-34.11%

-14.24%

-79.48%

-486.82%

205.03%

-118.73%

626.84%

33.19%

0.30%

2.32%

4.08%

Years of Data, EPS P or N

CDN$

Earnings Yield

5.7%

5.5%

3.7%

2.1%

9.5%

7.8%

9.0%

2.0%

-9.7%

10.0%

-1.6%

7.2%

9.3%

12.0%

12.2%

12.7%

9.17%

<-IRR #YR->

Earnings per Share

140.43%

CDN$

5 year Running Average

$3.30

$3.45

$3.28

$3.06

$4.80

$5.96

$6.71

$6.35

$4.70

$3.39

$1.53

$1.28

$2.53

$5.19

$5.60

$7.46

39.80%

<-IRR #YR->

Earnings per Share

433.97%

CDN$

10 year Running Average

$2.86

$2.85

$2.91

$3.08

$4.08

$4.63

$5.08

$4.82

$3.88

$4.10

$3.74

$3.99

$4.44

$4.95

$4.49

$4.50

-2.55%

<-IRR #YR->

5 yr Running Average

-22.80%

CDN$

* ESP per share CDN$

E/P

10 Yrs

7.52%

5Yrs

7.22%

-16.80%

<-IRR #YR->

5 yr Running Average

-60.14%

CDN$

Dividends Paid

$232.2

$234.6

$273.60

$303.4

$352.9

$353.4

$354.2

$424.4

$125.3

$147.8

$329.3

$354.7

$369.2

34.94%

<-Total Growth

Dividends Paid

US$

Changed

1.80%

1.03%

16.62%

10.89%

16.32%

0.14%

0.23%

19.82%

-70.48%

17.96%

122.80%

7.71%

4.09%

9.30%

<-Median->

Changed

US$

Net Income Percentage

52.42%

41.35%

53.23%

84.39%

17.86%

24.99%

31.72%

175.59%

-13.20%

14.70%

-187.85%

37.38%

32.89%

28.36%

<-Median->

Net Income Percentage

US$

DPR Net Income 5 Yr Running

33.08%

34.24%

40.22%

49.68%

36.19%

31.42%

30.44%

35.01%

42.38%

49.67%

111.41%

128.87%

67.92%

46.02%

<-Median->

DPR Net Income 5 Yr Running

US$

Cash Flow Percentage

23.60%

20.08%

21.50%

43.57%

31.32%

18.94%

15.19%

22.37%

7.39%

9.39%

21.92%

17.06%

19.33%

19.13%

<-Median->

Cash Flow Percentage

US$

DPR CF 5 Yr Running

25.30%

23.21%

23.20%

25.49%

26.61%

24.76%

22.45%

22.58%

18.06%

15.01%

15.34%

15.79%

15.14%

20.25%

<-Median->

DPR CF 5 Yr Running

US$

Cash Flow Percentage excl. WC

25.31%

18.40%

18.85%

33.46%

27.85%

16.72%

13.14%

18.84%

6.21%

7.06%

16.45%

14.35%

14.59%

15.52%

<-Median->

Cash Flow Percentage excl. WC

US$

DPR CF WC 5 Yr Running

20.29%

20.36%

20.77%

22.92%

24.01%

21.64%

19.41%

19.36%

15.56%

12.58%

12.49%

12.75%

11.93%

17.46%

<-Median->

DPR CF WC 5 Yr Running

US$

Dividend*

$1.88

$1.97

$2.06

Estimates

Dividend*

Increase

6.93%

4.78%

4.41%

Estimates

Increase

Payout Ratio EPS

34.13%

34.95%

35.06%

Estimates

Payout Ratio EPS

Special Dividends US$ Pd US$

$0.00

<-Median->

Special Dividends

US$

Dividend US$*

$1.28

$1.48

$1.64

$1.96

$0.57

$0.68

$1.52

$1.64

$1.76

$1.88

18.92%

<-Total Growth

Dividends

US$

Increase

3.23%

0.00%

15.63%

10.81%

0.00%

19.51%

-70.92%

19.30%

123.53%

7.89%

7.32%

6.82%

0.00%

Years of data, Count P, N

55.88%

US$

Average Increases 5 Year Running

15.05%

11.30%

10.21%

8.90%

5.93%

5.29%

6.06%

-10.28%

-6.42%

18.28%

19.86%

17.42%

32.97%

29.11%

4.41%

6.00%

<-Median->

Average Incr 5 Year Running

US$

Dividends 5 Yr Running

$1.06

$1.16

$1.27

$1.38

$1.46

$1.54

$1.61

$1.70

$1.49

$1.30

$1.27

$1.23

$1.50

$1.74

$1.81

-2.99%

<-Total Growth

Dividends 5 Yr Running

US$

Yield H/L Price

3.04%

2.61%

2.29%

2.05%

1.68%

1.84%

2.34%

3.36%

1.26%

1.31%

2.85%

2.74%

3.00%

3.51%

2.19%

<-Median->

Yield H/L Price

US$

Yield on High Price

2.78%

2.28%

1.90%

1.72%

1.47%

1.61%

1.92%

2.95%

0.99%

1.12%

2.55%

2.32%

2.60%

2.99%

1.82%

<-Median->

Yield on High Price

US$

Yield on Low Price

3.34%

3.06%

2.88%

2.52%

1.96%

2.14%

2.97%

3.91%

1.74%

1.57%

3.23%

3.34%

3.55%

4.26%

2.74%

<-Median->

Yield on Low Price

US$

Yield on Close Price

2.99%

2.28%

1.99%

1.75%

1.69%

2.00%

2.92%

3.64%

1.26%

1.47%

2.95%

2.68%

3.07%

4.09%

2.34%

<-Median->

Yield on Close Price

US$

Payout Ratio EPS

52.46%

41.56%

53.62%

84.97%

17.71%

25.11%

31.84%

176.58%

-13.01%

14.72%

-187.65%

37.53%

32.90%

34.09%

33.32%

32.01%

28.48%

<-Median->

DPR EPS

US$

DPR EPS 5 Yr Running

33.35%

34.48%

40.48%

50.00%

37.60%

32.60%

31.37%

35.53%

42.16%

49.81%

111.95%

129.74%

67.43%

39.28%

43.25%

33.79%

45.98%

<-Median->

DPR EPS 5 Yr Running

US$

Payout Ratio CFPS

24.59%

21.00%

22.45%

45.69%

32.66%

19.76%

15.87%

23.33%

7.60%

9.38%

21.89%

16.83%

18.72%

19.72%

19.69%

19.31%

19.24%

<-Median->

DPR CF

US$

DPR CF 5 Yr Running

25.62%

23.75%

23.97%

26.50%

27.62%

25.95%

23.76%

23.90%

18.84%

15.53%

15.76%

15.99%

15.11%

17.45%

19.22%

18.85%

21.30%

<-Median->

DPR CF 5 Yr Running

US$

Payout Ratio CFPS WC

26.37%

19.25%

19.67%

35.09%

29.04%

17.45%

13.73%

19.65%

6.39%

7.05%

16.42%

14.15%

14.13%

19.72%

19.69%

19.31%

15.29%

<-Median->

DPR CF WC

US$

DPR CF WC 5 Yr Running

20.48%

20.80%

21.45%

23.84%

24.94%

22.66%

20.52%

20.46%

16.23%

13.01%

12.81%

12.90%

11.90%

14.25%

16.57%

17.10%

18.35%

<-Median->

DPR CF WC 5 Yr Running

US$

Median Values

10 Yr Med

10 Yr Cl

2.19%

2.34%

5 Yr Med

5 Yr Cl

2.74%

2.68%

5 Yr Med

Payout

14.72%

16.83%

14.13%

-2.13%

<-IRR #YR->

Dividends

-10.20%

US$

* Dividends per share

10 Yr Med

and Cur.

86.62%

74.86%

5 Yr Med

and Cur.

49.25%

52.64%

Last Div Inc --->

$0.44

$0.47

6.82%

1.75%

<-IRR #YR->

Dividends

18.92%

US$

Dividends Growth 15

4.42%

<-IRR #YR->

Dividends

91.30%

US$

Dividends Growth 20

7.56%

<-IRR #YR->

Dividends

329.27%

US$

Dividends Growth 25

7.02%

<-IRR #YR->

Dividends

445.74%

US$

Dividends Growth 30

6.72%

<-IRR #YR->

Dividends

US$

Dividends Growth 35

5.91%

<-IRR #YR->

Dividends

Historical Dividends

Historical

High Div

3.38%

Low Div

0.99%

10 Yr High

3.87%

10 Yr Low

1.00%

Med Div

1.88%

Close Div

1.75%

Historical Dividends

US$

High/Ave/Median Values

Curr diff

Cheap

20.99%

313.09%

Cheap

5.68%

308.96%

Cheap

117.53%

Cheap

134.21%

High/Ave/Median

US$

Future Dividend Yield

Div Yield

3.67%

earning in

Years

at IRR of

-2.13%

Div Inc.

-10.20%

Future Dividend Yield

US$

Future Dividend Yield

Div Yield

3.30%

earning in

Years

at IRR of

-2.13%

Div Inc.

-19.37%

Future Dividend Yield

US$

Future Dividend Yield

Div Yield

2.96%

earning in

Years

at IRR of

-2.13%

Div Inc.

-27.59%

Future Dividend Yield

US$

Future Dividend Paid

Div Paid

$1.69

earning in

Years

at IRR of

-2.13%

Div Inc.

-10.20%

Future Dividend Paid

US$

Future Dividend Paid

Div Paid

$1.52

earning in

Years

at IRR of

-2.13%

Div Inc.

-19.37%

Future Dividend Paid

US$

Future Dividend Paid

Div Paid

$1.36

earning in

Years

at IRR of

-2.13%

Div Inc.

-27.59%

Future Dividend Paid

US$

Dividend Covering Cost

Total Div

$9.01

over

Years

at IRR of

-2.13%

Div Cov.

19.60%

Dividend Covering Cost

US$

Dividend Covering Cost

Total Div

$15.41

over

Years

at IRR of

-2.13%

Div Cov.

33.52%

Dividend Covering Cost

US$

Dividend Covering Cost

Total Div

$21.16

over

Years

at IRR of

-2.13%

Div Cov.

46.02%

Dividend Covering Cost

US$

Dividends CDN$ Exch Rate

$2.63

$2.76

$2.88

Estimates

Dividends CDN$ Exch Rate

Increase

4.04%

4.78%

4.41%

Estimates

Increase

Payout Ratio EPS

34.13%

34.95%

35.06%

Estimates

Payout Ratio EPS

Dividends CDN$ Actual

$1.29

$1.30

$1.63

$2.09

$2.17

$2.12

$2.13

$2.58

$0.75

$0.84

$1.95

$2.05

$2.24

37.74%

<-Total Growth

Dividends Actual

CDN$

Special Dividends Exch Rate

$0.00

<-Median->

Special Dividends Exch Rate

CDN$

Dividends CDN$ Exch Rate

$1.28

$1.36

$1.72

$2.27

$2.20

$2.06

$2.24

$2.55

$0.73

$0.86

$2.06

$2.17

$2.53

$2.63

47.50%

<-Total Growth

Dividends Exch Rate

CDN$

Increase

1.17%

6.54%

26.12%

32.27%

-3.04%

-6.57%

8.74%

13.78%

-71.49%

18.79%

138.80%

5.36%

16.75%

3.93%

0.00%

Years of data, Count P, N

58.82%

CDN$

Average Increases 5 Year Running

16.16%

8.11%

12.60%

16.68%

12.61%

11.06%

11.50%

9.04%

-11.71%

-7.35%

21.73%

21.05%

21.64%

36.73%

32.97%

5.21%

12.06%

<-Median->

Average Incr 5 Year Running

CDN$

Dividends 5 Yr Running

$1.10

$1.19

$1.34

$1.58

$1.77

$1.92

$2.10

$2.26

$1.95

$1.69

$1.67

$2.05

$2.40

$2.52

24.67%

<-Total Growth

Dividends 5 Yr Running

CDN$

Yield H/L Price

3.01%

2.70%

2.37%

2.09%

1.67%

1.78%

2.33%

3.20%

1.19%

1.35%

2.94%

2.72%

3.17%

3.37%

2.21%

<-Median->

Yield H/L Price

CDN$

Yield on High Price

2.78%

2.28%

1.95%

1.73%

1.49%

1.55%

1.92%

2.86%

0.92%

1.17%

2.70%

2.32%

2.74%

2.84%

1.82%

<-Median->

Yield on High Price

CDN$

Yield on Low Price

3.28%

3.30%

3.02%

2.64%

1.91%

2.09%

2.96%

3.62%

1.67%

1.60%

3.23%

3.28%

3.74%

4.12%

2.80%

<-Median->

Yield on Low Price

CDN$

Yield on Close Price

3.01%

2.28%

1.97%

1.75%

1.69%

1.96%

2.85%

3.54%

1.26%

1.47%

2.94%

2.71%

3.06%

4.08%

2.34%

<-Median->

Yield on Close Price

CDN$

Payout Ratio EPS

52.46%

41.56%

53.62%

84.97%

17.71%

25.11%

31.84%

176.58%

-13.01%

14.72%

-187.65%

37.53%

32.90%

34.09%

33.32%

32.01%

28.48%

<-Median->

DPR EPS

CDN$

DPR EPS 5 Yr Running

33.34%

34.45%

40.83%

51.63%

36.76%

32.27%

31.27%

35.62%

41.54%

49.75%

110.18%

130.54%

65.93%

39.50%

42.94%

33.75%

45.65%

<-Median->

DPR EPS 5 Yr Running

CDN$

Payout Ratio CFPS

24.59%

21.00%

22.45%

45.69%

32.66%

19.76%

15.87%

23.33%

7.60%

9.38%

21.89%

16.83%

18.72%

19.72%

19.69%

19.31%

19.24%

<-Median->

DPR CF

CDN$

DPR CF 5 Yr Running

25.76%

23.69%

23.88%

27.19%

28.44%

26.50%

23.90%

24.00%

18.89%

15.56%

15.86%

16.10%

15.30%

17.57%

19.23%

18.87%

21.39%

<-Median->

DPR CF 5 Yr Running

CDN$

Payout Ratio CFPS WC

26.37%

19.25%

19.67%

35.09%

29.04%

17.45%

13.73%

19.65%

6.39%

7.05%

16.42%

14.15%

14.13%

19.72%

19.69%

19.31%

15.29%

<-Median->

DPR CF WC

CDN$

DPR CF WC 5 Yr Running

20.31%

20.74%

21.36%

24.24%

25.44%

23.07%

20.61%

20.53%

16.28%

13.04%

12.89%

12.98%

12.03%

14.37%

16.58%

17.12%

18.41%

<-Median->

DPR CF WC 5 Yr Running

CDN$

Median Values

10 Yr Med

10 Yr Cl

2.21%

2.34%

5 Yr Med

5 Yr Cl

2.72%

2.71%

5 Yr Med

Payout

14.72%

16.83%

14.13%

-0.10%

<-IRR #YR->

Dividends

-0.52%

CDN$

* Dividends per share

10 Yr Med

and Cur.

84.59%

74.48%

5 Yr Med

and Cur.

49.85%

50.53%

Last Div Inc --->

$0.28

$0.32

14.3%

3.96%

<-IRR #YR->

Dividends

47.50%

CDN$

Dividends Growth 15

6.66%

<-IRR #YR->

Dividends

163.14%

CDN$

Dividends Growth 20

6.08%

<-IRR #YR->

Dividends

225.60%

CDN$

Dividends Growth 25

6.70%

<-IRR #YR->

Dividends

406.49%

CDN$

Dividends Growth 30

5.56%

<-IRR #YR->

Dividends

CDN$

Dividends Growth 35

5.40%

<-IRR #YR->

Dividends

Historical Dividends

Historical

High Div

3.68%

Low Div

1.12%

10 Yr High

3.73%

10 Yr Low

0.95%

Med Div

2.35%

Close Div

2.05%

Historical Dividends

CDN$

High/Ave/Median Values

Curr diff

Cheap

10.78%

264.00%

Cheap

9.30%

329.14%

Cheap

73.48%

Cheap

99.31%

High/Ave/Median

CDN$

Future Dividend Yield

Div Yd

4.06%

earning in

Years

at IRR of

-0.10%

Div Inc.

-0.52%

Future Dividend Yield

CDN$

Future Dividend Yield

Div Yd

4.03%

earning in

Years

at IRR of

-0.10%

Div Inc.

-1.03%

Future Dividend Yield

CDN$

Future Dividend Yield

Div Yield

4.01%

earning in

Years

at IRR of

-0.10%

Div Inc.

-1.55%

Future Dividend Yield

CDN$

Future Dividend Paid

Div Paid

$2.62

earning in

Years

at IRR of

-0.10%

Div Inc.

-0.52%

Future Dividend Paid

CDN$

Future Dividend Paid

Div Paid

$2.60

earning in

Years

at IRR of

-0.10%

Div Inc.

-1.03%

Future Dividend Paid

CDN$

Future Dividend Paid

Div Paid

$2.59

earning in

Years

at IRR of

-0.10%

Div Inc.

-1.55%

Future Dividend Paid

CDN$

Dividend Covering Cost

Total Div

$13.13

over

Years

at IRR of

-0.10%

Div Cov.

20.34%

Dividend Covering Cost

CDN$

Dividend Covering Cost

Total Div

$23.58

over

Years

at IRR of

-0.10%

Div Cov.

36.52%

Dividend Covering Cost

CDN$

Dividend Covering Cost

Total Div

$33.97

over

Years

at IRR of

-0.10%

Div Cov.

52.62%

Dividend Covering Cost

CDN$

Yield if held 5 years

2.58%

2.63%

3.63%

4.88%

4.87%

4.84%

4.44%

3.51%

0.67%

0.66%

1.78%

2.26%

3.18%

4.31%

4.13%

3.76%

3.35%

<-Median->

Paid Median Price

CDN$

Yield if held 10 years

3.31%

2.97%

3.65%

5.36%

5.53%

4.15%

4.32%

5.39%

1.56%

1.91%

4.84%

4.30%

3.50%

2.42%

2.00%

2.28%

4.31%

<-Median->

Paid Median Price

CDN$

Yield if held 15 years

7.74%

7.93%

10.36%

13.61%

9.37%

5.33%

4.88%

5.42%

1.71%

2.17%

4.15%

4.18%

5.36%

5.66%

5.82%

6.19%

5.10%

<-Median->

Paid Median Price

CDN$

Yield if held 20 years

5.91%

6.39%

9.69%

15.30%

14.66%

12.47%

13.03%

15.35%

4.35%

3.67%

5.33%

4.73%

5.39%

6.22%

6.61%

5.31%

8.93%

<-Median->

Paid Median Price

CDN$

Yield if held 25 years

13.56%

13.23%

9.52%

10.50%

14.37%

4.89%

5.74%

12.47%

12.63%

15.27%

15.78%

11.20%

6.82%

12.55%

<-Median->

Paid Median Price

CDN$

Yield if held 30 years

4.33%

5.18%

9.52%

10.18%

14.30%

17.73%

17.53%

15.95%

9.52%

<-Median->

Paid Median Price

CDN$

Yield if held 35 years

15.71%

15.82%

12.18%

Cost covered if held 5 years

11.10%

11.46%

14.17%

16.96%

19.54%

22.61%

20.79%

15.62%

8.99%

6.40%

7.29%

8.70%

10.49%

16.78%

18.85%

17.99%

13.05%

<-Median->

Paid Median Price

CDN$

Cost covered if held 10 years

37.40%

33.17%

34.35%

28.90%

34.40%

30.48%

31.69%

38.12%

37.97%

38.18%

42.44%

37.36%

27.15%

18.42%

15.54%

18.18%

35.88%

<-Median->

Paid Median Price

CDN$

Cost covered if held 15 years

102.76%

103.79%

114.83%

124.72%

95.76%

62.30%

56.03%

58.42%

51.97%

55.57%

47.47%

47.82%

55.79%

60.01%

64.79%

72.08%

55.91%

<-Median->

Paid Median Price

CDN$

Cost covered if held 20 years

90.03%

95.35%

121.60%

157.03%

166.55%

160.99%

164.85%

183.06%

183.27%

131.62%

84.14%

74.26%

76.18%

76.19%

85.78%

72.86%

159.01%

<-Median->

Paid Median Price

CDN$

Cost covered if held 25years

153.84%

165.34%

134.49%

144.54%

185.48%

222.84%

222.67%

212.06%

213.55%

233.41%

244.73%

182.77%

116.79%

198.77%

<-Median->

Paid Median Price

CDN$

Cost covered if held 30 years

212.15%

216.00%

173.48%

183.77%

232.61%

291.92%

302.74%

288.40%

212.15%

<-Median->

Paid Median Price

CDN$

Cost covered if held 35 years

273.36%

288.26%

231.77%

Item

Tot. Growth

Per Year

Revenue Growth US$

$10,579.4

$9,654.0

$10,279.7

$10,701.0

$11,702.1

$11,627.0

$11,283.2

<-12 mths

-2.96%

9.90%

<-Total Growth

Revenue Growth US$

9.90%

1.91%

AEPS Growth

$4.54

$3.92

$4.15

$4.10

$5.43

$5.96

$5.64

<-12 mths

-5.37%

31.28%

<-Total Growth

AEPS Growth

31.28%

5.59%

Net Income Growth

$241.7

-$949.0

$1,005.7

-$175.3

$948.9

$1,122.4

$1,037.3

<-12 mths

-7.58%

364.38%

<-Total Growth

Net Income Growth

364.38%

35.95%

Cash Flow Growth

$1,897.3

$1,695.7

$1,573.5

$1,502.0

$2,079.0

$1,910.3

$1,643.3

<-12 mths

-13.98%

0.69%

<-Total Growth

Cash Flow Growth

0.69%

0.14%

Dividend Growth

$1.96

$0.57

$0.68

$1.52

$1.64

$1.76

$1.88

<-12 mths

6.82%

-10.20%

<-Total Growth

Dividend Growth

-10.20%

-2.13%

Stock Price Growth

$53.90

$45.19

$46.35

$51.52

$61.21

$57.32

$45.97

<-12 mths

-19.80%

6.35%

<-Total Growth

Stock Price Growth

6.35%

1.24%

Revenue Growth US$

$4,146.3

$3,567.5

$4,885.0

$11,002.8

$10,769.6

$10,579.4

$9,654.0

$10,279.7

$10,701.0

$11,702.1

$11,627.0

$11,256.0

<-this year

-3.19%

180.42%

<-Total Growth

Revenue Growth US$

180.42%

10.86%

AEPS Growth

$7.21

$3.76

$3.17

$4.47

$5.04

$4.54

$3.92

$4.15

$4.10

$5.43

$5.96

$5.42

<-this year

-9.06%

-17.31%

<-Total Growth

AEPS Growth

-17.31%

-1.88%

Net Income Growth

$514.0

$359.5

$1,975.9

$1,414.2

$1,116.5

$241.7

-$949.0

$1,005.7

-$175.3

$948.9

$1,122.4

$1,096.0

<-this year

-2.35%

118.37%

<-Total Growth

Net Income Growth

118.37%

8.12%

Cash Flow Growth

$1,272.6

$696.4

$1,126.9

$1,866.3

$2,331.3

$1,897.3

$1,695.7

$1,573.5

$1,502.0

$2,079.0

$1,910.3

$1,884.9

<-this year

-1.33%

50.11%

<-Total Growth

Cash Flow Growth

50.11%

4.15%

Dividend Growth

$1.48

$1.64

$1.96

$0.57

$0.68

$1.52

$1.64

$1.76

$1.88

<-this year

6.93%

18.92%

<-Total Growth

Dividend Growth

18.92%

1.75%

Stock Price Growth

$74.52

$93.92

$97.31

$82.07

$56.16

$53.90

$45.19

$46.35

$51.52

$61.21

$57.32

$53.33

<-this year

-6.96%

-23.08%

<-Total Growth

Stock Price Growth

-23.08%

-2.59%

Dividends on Shares US$

$22.96

$27.44

$7.98

$9.52

$21.28

$22.96

$24.64

$26.32

$205.66

No of Years

Total Divs

12/31/14

Paid

$1,043.28

$1,314.88

$1,362.34

$1,148.98

$786.24

$754.60

$632.66

$648.90

$721.28

$856.94

$802.48

$643.58

$802.48

No of Years

Worth

$74.52

13.42

Total

-$1,043.28

$0.00

$802.48

$1,008.14

-2.59%

-$1,043.28

$22.96

$27.44

$7.98

$9.52

$21.28

$22.96

$827.12

-0.38%

$22.96

$27.44

$7.98

$9.52

$21.28

$22.96

$24.64

$205.66

Dividends on Shares CDN$

$25.08

$26.09

$25.47

$25.56

$30.96

$9.00

$10.08

$24.70

$26.03

$30.39

$31.58

$233.37

No of Years

Total Divs

12/31/14

Paid

$1,044.00

$1,560.00

$1,567.20

$1,256.52

$940.80

$863.64

$691.80

$705.60

$840.00

$961.08

$993.84

$774.72

$993.84

No of Years

Worth

$87.00

11.49

Total

$1,227.21

Graham No.US$ AEPS

$79.87

$84.28

$81.28

$55.42

$60.24

$76.91

$82.40

$77.92

$69.44

$75.98

$73.57

$86.94

$92.95

$91.05

$93.21

$95.40

14.36%

<-Total Growth

Graham Price AEPS

US$

Price/GP Ratio Med

0.53

0.58

0.79

1.45

1.62

1.16

0.85

0.75

0.65

0.69

0.73

0.69

0.63

0.59

0.74

<-Median->

Price/GP Ratio

US$

Price/GP Ratio High

0.58

0.67

0.96

1.72

1.85

1.32

1.03

0.85

0.83

0.80

0.81

0.73

0.69

0.84

<-Median->

Price/GP Ratio

US$

Price/GP Ratio Low

0.48

0.50

0.63

1.18

1.39

0.99

0.67

0.64

0.47

0.57

0.64

0.56

0.53

0.48

0.64

<-Median->

Price/GP Ratio

US$

Price/GP Ratio Close

0.54

0.67

0.92

1.69

1.62

1.07

0.68

0.69

0.65

0.61

0.70

0.62

0.50

0.49

0.48

0.70

<-Median->

Price/GP Ratio

US$

Prem/Disc Close

-46.42%

-33.37%

-8.32%

69.47%

61.52%

6.71%

-31.84%

-30.82%

-34.92%

-39.00%

-29.97%

-29.59%

-38.33%

-49.51%

-50.68%

-51.81%

-30.40%

<-Median->

Graham Price

US$

Graham No. CDN$

$48.02

$59.44

$58.35

$54.98

$138.25

$116.61

$113.63

$50.04

$47.51

$101.64

$101.65

$103.15

$126.72

$128.59

$130.07

$0.00

117.16%

<-Total Growth

Graham Price

CDN$

Price/GP Ratio Med

0.88

0.85

1.24

1.98

0.95

0.99

0.85

1.59

1.29

0.63

0.69

0.77

0.63

0.61

0.90

<-Median->

Price/GP Ratio

CDN$

Price/GP Ratio High

0.96

1.00

1.51

2.39

1.07

1.14

1.03

1.78

1.66

0.73

0.75

0.91

0.73

0.72

1.05

<-Median->

Price/GP Ratio

CDN$

Price/GP Ratio Low

0.81

0.69

0.97

1.57

0.83

0.84

0.67

1.40

0.92

0.53

0.63

0.64

0.53

0.50

0.75

<-Median->

Price/GP Ratio

CDN$

Price/GP Ratio Close

0.88

1.00

1.49

2.36

0.94

0.90

0.69

1.44

1.21

0.58

0.69

0.78

0.65

0.50

#DIV/0!

0.84

<-Median->

Price/GP Ratio

CDN$

Prem/Disc Close

-11.55%

0.36%

49.09%

136.44%

-5.54%

-10.21%

-31.00%

43.83%

21.33%

-42.15%

-31.14%

-29.59%

-38.33%

-49.79%

-50.37%

#DIV/0!

-19.90%

<-Median->

Graham Price

CDN$

Exchge Rate and TAP Price

$42.72

$59.72

$86.45

$130.06

$130.66

$102.96

$76.61

$70.01

$57.54

$58.76

$69.78

$80.96

$82.48

$64.36

Price Close CDN$ TPX.B

$42.48

$59.65

$87.00

$130.00

$130.60

$104.71

$78.40

$71.97

$57.65

$58.80

$70.00

$80.09

$82.82

$64.56

-4.80%

<-Total Growth

Stock Price

CDN$

Increase

-5.81%

40.42%

45.85%

49.43%

0.46%

-19.82%

-25.13%

-8.20%

-19.90%

1.99%

19.05%

14.41%

3.41%

-22.05%

0.00%

18.67

<-Median->

CAPE (10 Yr P/E)

CDN$

P/E

17.44

18.21

27.17

48.64

10.50

12.78

11.16

49.92

-10.34

10.04

-63.81

13.86

10.76

8.36

8.17

7.85

2.85%

<-IRR #YR->

Stock Price

15.08%

CDN$

Trailing P/E

11.49

24.49

26.56

40.60

48.87

8.42

9.57

10.24

39.99

-10.54

11.95

-73.00

14.33

8.39

8.36

8.17

-0.49%

<-IRR #YR->

Stock Price

-4.80%

CDN$

CAPE (10 Yr P/E)

14.87

20.94

29.89

42.20

32.00

22.62

15.44

14.94

14.86

14.36

18.70

20.06

18.64

13.05

14.37

14.36

4.86%

<-IRR #YR->

Price & Dividend

17.01%

CDN$

Median 10, 5 yrs MOL.A to TPX.B

D. per yr

2.23%

2.01%

% Tot Ret

128.26%

41.37%

T P/E

11.10

11.95

P/E:

10.96

10.04

1.74%

<-IRR #YR->

Price & Dividend

-0.41%

CDN$

Price 15

D. per yr

2.76%

% Tot Ret

41.83%

CAPE Diff

-55.22%

3.84%

<-IRR #YR->

Stock Price

76.03%

CDN$

Price 20

D. per yr

3.78%

% Tot Ret

54.86%

3.11%

<-IRR #YR->

Stock Price

84.44%

CDN$

Price 25

D. per yr

5.86%

% Tot Ret

44.94%

7.17%

<-IRR #YR->

Stock Price

465.22%

CDN$

Price 30

D. per yr

3.93%

% Tot Ret

39.14%

6.11%

<-IRR #YR->

Stock Price

Price & Dividend 15

6.60%

<-IRR #YR->

Price & Dividend

89.00%

CDN$

Price & Dividend 20

6.89%

<-IRR #YR->

Price & Dividend

101.30%

CDN$

Price & Dividend 25

13.03%

<-IRR #YR->

Price & Dividend

523.40%

CDN$

Price & Dividend 30

10.04%

<-IRR #YR->

Price & Dividend

Exchge Rate and TAP Price

$42.08

$52.11

$74.87

$111.00

$130.83

$111.72

$95.74

$75.77

$57.69

$66.00

$72.26

$79.16

$84.42

$74.90

Price Med H/L CDN $

$42.50

$50.44

$72.43

$108.67

$131.60

$115.65

$96.13

$79.60

$61.11

$63.81

$70.02

$79.73

$80.00

$78.19

10.45%

<-Total Growth

Stock Price

CDN$

Increase

-5.96%

18.68%

43.59%

50.04%

21.10%

-12.12%

-16.88%

-17.20%

-23.23%

4.41%

9.74%

13.86%

0.34%

-2.26%

1.00%

<-IRR #YR->

Stock Price

10.45%

CDN$

P/E

17.45

15.40

22.62

40.66

10.58

14.12

13.68

55.21

-10.96

10.89

-63.82

13.79

10.39

10.13

0.10%

<-IRR #YR->

Stock Price

0.50%

CDN$

Trailing P/E

11.49

20.71

22.11

33.94

49.24

9.30

11.73

11.33

42.39

-11.44

11.95

-72.67

13.84

10.16

3.52%

<-IRR #YR->

Price & Dividend

10.98%

CDN$

P/E on Run. 5 yr Ave

12.86

14.62

22.08

35.55

27.39

19.42

14.34

12.53

12.99

18.83

45.76

62.24

31.59

15.06

2.04%

<-IRR #YR->

Price & Dividend

37.60%

CDN$

P/E on Run. 10 yr Ave

14.87

17.70

24.88

35.28

32.24

24.98

18.93

16.53

15.75

15.58

18.71

19.97

18.01

15.80

13.79

P/E Ratio

Historical Median

CDN$

Median 10, 5 yrs MOL.A to TPX.B

D. per yr

2.52%

1.94%

% Tot Ret

71.62%

95.15%

Price Inc

4.41%

P/E:

12.29

10.39

Count

Years of data

CDN$

High Months CDN$

Jan

Dec

Nov

Dec

Oct

Jan

Feb

Jun

Jul

Apr

Mar

Price High

$46.00

$59.65

$88.00

$131.20

$147.85

$132.90

$116.69

$88.90

$78.74

$73.86

$76.38

$93.39

$92.31

$92.55

4.90%

<-Total Growth

Stock Price

CDN$

Increase

-8.91%

29.67%

47.53%

49.09%

12.69%

-10.11%

-12.20%

-23.82%

-11.43%

-6.20%

3.41%

22.27%

-1.16%

0.26%

0.48%

<-IRR #YR->

Stock Price

4.90%

CDN$

P/E

18.88

18.21

27.48

49.09

11.89

16.22

16.61

61.66

-14.12

12.61

-69.62

16.16

11.99

0.76%

<-IRR #YR->

Stock Price

3.84%

CDN$

Trailing P/E

12.44

24.49

26.86

40.98

55.32

10.69

14.24

12.65

54.62

-13.24

13.04

-85.13

15.97

12.02

16.20

P/E Ratio

Historical Median

CDN$

Median 10, 5 yrs MOL.A to TPX.B

Price Inc

-1.16%

P/E:

14.38

11.99

22.86

P/E Ratio

Historical High

CDN$

Low Months CDN$

Nov

Jan

Aug

Feb

Nov

Dec

Aug

Sep

Oct

Sep

Jan

Jul

Sep

Price Low CDN$

$39.00

$41.23

$56.85

$86.14

$115.35

$98.40

$75.57

$70.30

$43.48

$53.75

$63.66

$66.06

$67.68

$63.82

19.05%

<-Total Growth

Stock Price

CDN$

Increase

-2.23%

5.72%

37.89%

51.52%

33.91%

-14.69%

-23.20%

-6.97%

-38.15%

23.62%

18.44%

3.77%

2.45%

-5.70%

1.76%

<-IRR #YR->

Stock Price

19.05%

CDN$

P/E

16.01

12.59

17.76

32.23

9.28

12.01

10.76

48.76

-7.80

9.18

-58.03

11.43

8.79

8.27

-0.76%

<-IRR #YR->

Stock Price

-3.73%

CDN$

Trailing P/E

10.55

16.93

17.35

26.90

43.16

7.91

9.22

10.01

30.16

-9.64

10.87

-60.22

11.71

8.29

11.43

P/E Ratio

Historical Median

CDN$

Median 10, 5 yrs MOL.A to TPX.B

Price Inc

3.77%

P/E:

10.02

8.79

8.87

P/E Ratio

Historical Low

CDN$

Price Close US$ TAP

$42.79

$56.15

$74.52

$93.92

$97.31

$82.07

$56.16

$53.90

$45.19

$46.35

$51.52

$61.21

$57.32

$45.97

-23.08%

<-Total Growth

Stock Price

US$

Increase

-2.28%

31.22%

32.72%

26.03%

3.61%

-15.66%

-31.57%

-4.02%

-16.16%

2.57%

11.15%

18.81%

-6.36%

-19.80%

0.00%

19.40

<-Median->

CAPE (10 Yr P/E)

US$

P/E

17.54

18.23

27.00

48.66

10.51

12.57

10.90

48.56

-10.32

10.03

-63.60

14.01

10.71

8.34

8.15

7.83

1.24%

<-IRR #YR->

Stock Price

6.35%

US$

Trailing P/E

11.79

23.01

24.19

34.03

50.42

8.86

8.60

10.47

40.71

-10.58

11.15

-75.57

13.12

8.59

8.34

8.15

-2.59%

<-IRR #YR->

Stock Price

-23.08%

US$

CAPE (10 Yr P/E)

16.21

16.83

18.07

19.34

16.72

16.06

15.11

16.40

20.50

19.95

22.46

21.68

19.47

16.26

16.49

15.71

3.43%

<-IRR #YR->

Price & Dividend

17.79%

US$

Median 10, 5 yrs TAP

D. per yr

2.21%

2.19%

% Tot Ret

0.00%

63.93%

T P/E

10.81

11.15

P/E:

10.81

10.03

-0.38%

<-IRR #YR->

Price & Dividend

-3.37%

US$

Price 15

D. per yr

2.80%

% Tot Ret

62.54%

CAPE Diff

-57.04%

1.68%

<-IRR #YR->

Stock Price

28.38%

US$

Price 20

D. per yr

2.57%

% Tot Ret

55.24%

2.09%

<-IRR #YR->

Stock Price

51.12%

US$

Price 25

D. per yr

2.52%

% Tot Ret

44.16%

3.19%

<-IRR #YR->

Stock Price

119.36%

US$

Price 30

D. per yr

3.65%

% Tot Ret

35.55%

6.62%

<-IRR #YR->

Stock Price

Price 35

D. per yr

2.84%

% Tot Ret

35.34%

5.19%

<-IRR #YR->

Stock Price

Price & Dividend 15

4.48%

<-IRR #YR->

Price & Dividend

75.52%

US$

Price & Dividend 20

4.66%

<-IRR #YR->

Price & Dividend

116.11%

US$

Price & Dividend 25

5.72%

<-IRR #YR->

Price & Dividend

221.32%

US$

Price & Dividend 30

10.27%

<-IRR #YR->

Price & Dividend

Price & Dividend 35

8.03%

<-IRR #YR->

Price & Dividend

Price Median H/L US$

$42.15

$48.99

$64.54

$80.16

$97.44

$89.06

$70.18

$58.34

$45.31

$52.06

$53.35

$59.85

$58.67

$53.50

-9.09%

<-Total Growth

Stock Price

US$

Increase

-4.99%

16.23%

31.73%

24.21%

21.56%

-8.61%

-21.19%

-16.87%

-22.33%

14.90%

2.48%

12.18%

-1.97%

-8.81%

-0.95%

<-IRR #YR->

Stock Price

-9.09%

US$

P/E

17.27

15.91

23.38

41.53

10.52

13.64

13.63

52.56

-10.34

11.27

-65.86

13.70

10.97

9.70

0.11%

<-IRR #YR->

Stock Price

0.57%

US$

Trailing P/E

11.61

20.08

20.95

29.04

50.49

9.62

10.75

11.33

40.82

-11.89

11.55

-73.89

13.43

10.00

1.43%

<-IRR #YR->

Price & Dividend

11.14%

US$

P/E on Run. 5 yr Ave

13.31

14.56

20.54

28.96

25.02

18.90

13.69

12.16

12.82

19.98

46.88

60.95

32.06

14.05

2.20%

<-IRR #YR->

Price & Dividend

13.67%

US$

P/E on Run. 10 yr Ave

15.92

18.03

23.61

28.21

27.37

22.61

16.53

14.70

14.38

16.02

18.24

19.60

17.71

14.57

13.72

P/E Ratio

Historical Median

US$

Median 10, 5 yrs TAP

D. per yr

2.38%

2.09%

% Tot Ret

166.37%

94.87%

Price Inc

2.48%

P/E:

12.45

10.97

Count

Years of data

US$

High Months US$

Sep

Dec

Nov

Oct

Feb

Jan

Feb

Jun

Aug

Jul

Apr

Mar

Price High US$

$46.00

$56.15

$77.75

$95.13

$111.25

$101.59

$85.21

$66.51

$57.84

$60.74

$59.68

$70.67

$67.81

$62.91

-12.78%

<-Total Growth

Stock Price

US$

Increase

-9.34%

22.07%

38.47%

22.35%

16.95%

-8.68%

-16.12%

-21.95%

-13.04%

5.01%

-1.75%

18.41%

-4.05%

-7.23%

-1.36%

<-IRR #YR->

Stock Price

-12.78%

US$

P/E

18.85

18.23

28.17

49.29

12.01

15.56

16.55

59.92

-13.21

13.15

-73.68

16.17

12.67

11.41

0.39%

<-IRR #YR->

Stock Price

1.95%

US$

Trailing P/E

12.67

23.01

25.24

34.47

57.64

10.97

13.05

12.91

52.11

-13.87

12.92

-87.25

15.52

11.76

18.23

P/E Ratio

Historical Median

US$

Median 10, 5 yrs TAP

Price Inc

-1.75%

P/E:

14.35

12.67

28.32

P/E Ratio

Historical High

US$

Low Months US$

Jun

Jan

Aug

Feb

Nov

Dec

Aug

Sep

Dec

Oct

Jan

Jun

Sep

Pre-split '07

Price Low US$

$38.30

$41.83

$51.32

$65.19

$83.63

$76.52

$55.15

$50.17

$32.78

$43.38

$47.02

$49.03

$49.53

$44.09

-3.49%

<-Total Growth

Stock Price

US$

Increase

0.82%

9.22%

22.69%

27.03%

28.29%

-8.50%

-27.93%

-9.03%

-34.66%

32.34%

8.39%

4.27%

1.02%

-10.98%

-0.35%

<-IRR #YR->

Stock Price

-3.49%

US$

P/E

15.70

13.58

18.59

33.78

9.03

11.72

10.71

45.20

-7.48

9.39

-58.05

11.22

9.26

7.99

-0.26%

<-IRR #YR->

Stock Price

-1.28%

US$

Trailing P/E

10.55

17.14

16.66

23.62

43.33

8.26

8.45

9.74

29.53

-9.90

10.18

-60.53

11.33

8.24

12.76

P/E Ratio

Historical Median

US$

Median 10, 5 yrs

Price Inc

4.27%

P/E:

10.05

9.26

9.28

P/E Ratio

Historical Low

US$

Free Cash Flow Mkt Sc

$1,028

$441

$785

$1,267

$1,880

$1,304

$1,121.0

$1,051.0

$840.6

$1,408.0

$1,236.0

$1,350.0

$1,196.0

$1,177.0

20.23%

<-Total Growth

Free Cash Flow company

US$

Change

-57.10%

78.00%

61.40%

48.38%

-30.64%

-14.03%

-6.24%

-20.02%

67.50%

-12.22%

9.22%

-11.41%

-1.59%

-9.23%

<-Median->

Change

US$

$1,029

<-12 mths

-17.05%

Free Cash Flow company

$892.0

$956.7

$723.8

$863.7

$1,449.0

$1,421.9

$1,369.8

$1,266.3

$1,082.8

$852.9

$1,420.0

$1,240.6

29.67%

<-Total Growth

Free Cash Flow company

US$

Change

7.25%

-24.34%

19.33%

67.77%

-1.87%

-3.66%

-7.56%

-14.49%

-21.23%

66.49%

-12.63%

-5.61%

<-Median->

Change

US$

$1,410

<-12 mths

0.00%

Free Cash Flow MS

$761

$874

$1,028

$441

$785

$1,267

$1,880

$1,304

$1,121

$1,051

$841

$1,330

$1,410

37.16%

<-Total Growth

Free Cash Flow

US$

Change

20.22%

14.85%

17.62%

-57.10%

78.00%

61.40%

48.38%

-30.64%

-14.03%

-6.24%

-19.98%

58.15%

6.02%

-0.11%

<-Median->

Free Cash Flow MS

8.13%

US$

$961

<-12 mths

-22.28%

Free Cash Flow WSJ TAP

$761

$874

$1,028

$421

$785

$1,267

$1,679

$1,304

$1,121

$1,051

$841

$1,408

$1,236

$1,350

$1,196

$1,177

20.23%

<-Total Growth

Free Cash Flow

US$

Change

20.22%

14.85%

17.62%

-59.05%

86.46%

61.40%

32.52%

-22.33%

-14.03%

-6.24%

-19.98%

67.42%

-12.22%

9.22%

-11.41%

-1.59%

-1.07%

<-IRR #YR->

Free Cash Flow MS

-5.21%

US$

FCF/CF from Op Ratio

0.77

0.75

0.81

0.60

0.70

0.68

0.72

0.69

0.66

0.67

0.56

0.68

0.65

0.72

0.63

0.61

1.86%

<-IRR #YR->

Free Cash Flow MS

20.23%

US$

Dividends paid

$232.2

$234.6

$273.6

$303.4

$352.9

$353.4

$354.2

$424.4

$125.3

$147.8

$329.3

$354.7

$369.2

$371.7

34.94%

<-Total Growth

Dividends paid

US$

Percentage paid

72.07%

44.96%

27.89%

21.10%

32.55%

11.18%

14.06%

39.16%

25.19%

29.87%

27.53%

31.08%

31.58%

28.88%

<-Median->

Percentage paid

US$

5 Year Coverage

32.78%

26.16%

21.88%

23.03%

24.13%

23.45%

26.72%

29.79%

28.88%

5 Year Coverage

US$

Dividend Coverage Ratio

1.39

2.22

3.59

4.74

3.07

8.95

7.11

2.55

3.97

3.35

3.63

3.22

3.17

3.47

<-Median->

Dividend Coverage Ratio

US$

5 Year of Coverage

3.05

3.82

4.57

4.34

4.14

4.27

3.74

3.36

3.46

5 Year of Coverage

US$

Market Cap US$

$8,087

$10,764

$14,382

$18,220

$21,836

$18,458

$12,670

$12,171

$10,222

$10,058

$11,144

$13,056

$11,647

$9,088

-19.02%

<-Total Growth

Market Cap

US$

Market Cap CDN$

$8,029

$11,435

$16,791

$25,220

$29,307

$23,549

$17,687

$16,251

$13,040

$12,760

$15,141

$17,083

$16,829

$12,764

0.23%

<-Total Growth

Market Cap

CDN$

Diluted

181.8

184.2

186.4

213.4

216.5

216.6

216.9

216.8

217.6

216.6

217.3

209.9

202.6

13.95%

<-Total Growth

Diluted

Change

-2.47%

1.32%

0.00%

1.19%

14.48%

1.45%

0.05%

0.14%

-0.05%

0.37%

-0.46%

0.32%

-3.41%

-3.48%

0.23%

<-Median->

Change

Difference Diluted/Basic

-0.6%

-0.7%

-0.6%

-0.7%

-0.5%

-0.3%

-0.1%

0.0%

-0.2%

0.1%

-0.6%

-0.5%

-0.4%

-0.39%

<-Median->

Difference Diluted/Basic

Average # of Sh in M

180.8

183.0

185.3

212.0

215.4

216.0

216.6

216.8

217.1

216.9

216.0

208.8

201.7

14.10%

<-Total Growth

Average

Change

-2.22%

1.22%

0.00%

1.26%

14.41%

1.60%

0.28%

0.09%

0.14%

-0.09%

-0.41%

-3.33%

-3.40%

0.21%

<-Median->

Change

Difference Basic/Outstanding

4.5%

4.8%

5.5%

4.7%

5.8%

4.4%

4.2%

4.3%

0.0%

-0.3%

-1.3%

-2.7%

-2.0%

4.29%

<-Median->

Difference Basic/Outstanding

$1,643.3

<-12 mths

-13.98%

Mkt Sc

216.7

217.0

216.5

215.7

206.0

197.7

Diff

9.5

0.0

-0.2

-2.4

-2.8

0.0

See Stockholders' Equity

Capital Stock

Class A Common Shares

2.6

1.28%

% of total

Capital

Class B Common Shares

164.2

167.2

169.9

172.5

203.7

204.7

205.4

205.7

209.8

200.6

200.0

198.6

190.7

185.2

93.85%

% of total

Stock

Class A Exchangeable Shares

2.9

2.8

2.7

1.33%

% of total

Class B Exchangeable Shares

19.3

19.0

17.6

16.0

15.2

14.7

14.8

11.1

11.0

9.4

7.2

3.54%

% of total

# of Share in Millions

189.0

191.7

193.0

194.0

224.4

224.9

225.6

225.8

226.2

217.0

216.3

213.3

203.2

197.7

0.52%

<-IRR #YR->

5.28%

Change

0.80%

1.43%

0.68%

0.52%

15.67%

0.22%

0.31%

0.09%

0.18%

-4.07%

-0.32%

-1.39%

-4.74%

-2.71%

0.00%

-2.09%

<-IRR #YR->

-10.01%

CF fr Op $M US$

$983.7

$1,168.2

$1,272.6

$696.4

$1,126.9

$1,866.3

$2,331.3

$1,897.3

$1,695.7

$1,573.5

$1,502.0

$2,079.0

$1,910.3

$1,884.9

$1,887.4

$1,924.4

50.11%

<-Total Growth

Cash Flow

US$

Increase

13.32%

18.76%

8.94%

-45.28%

61.82%

65.61%

24.92%

-18.62%

-10.63%

-7.21%

-4.54%

38.42%

-8.11%

-1.33%

0.14%

1.96%

S. Issues

Exchge of Shares

5 year Running Average

$767.4

$918.8

$1,008.5

$997.8

$1,049.6

$1,226.1

$1,458.7

$1,583.6

$1,783.5

$1,872.8

$1,800.0

$1,749.5

$1,752.1

$1,789.9

$1,852.7

$1,937.2

73.74%

<-Total Growth

CF 5 Yr Running

US$

CFPS

$5.20

$6.09

$6.59

$3.59

$5.02

$8.30

$10.33

$8.40

$7.50

$7.25

$6.94

$9.75

$9.40

$9.53

$9.55

$9.73

42.57%

<-Total Growth

Cash Flow per Share

US$

Increase

12.42%

17.08%

8.20%

-45.56%

39.90%

65.25%

24.53%

-18.69%

-10.78%

-3.27%

-4.24%

40.36%

-3.55%

1.41%

0.14%

1.96%

4.15%

<-IRR #YR->

Cash Flow

50.11%

US$

5 year Running Average

$4.12

$4.88

$5.31

$5.22

$5.30

$5.92

$6.77

$7.13

$7.91

$8.36

$8.09

$7.97

$8.17

$8.58

$9.03

$9.59

0.14%

<-IRR #YR->

Cash Flow

0.69%

US$

P/CF on Med Price

8.10

8.04

9.79

22.33

19.40

10.73

6.79

6.94

6.04

7.18

7.68

6.14

6.24

5.61

0.00

3.61%

<-IRR #YR->

Cash Flow per Share

42.57%

US$

P/CF on Closing Price

8.22

9.21

11.30

26.16

19.38

9.89

5.43

6.41

6.03

6.39

7.42

6.28

6.10

4.82

4.72

2.27%

<-IRR #YR->

Cash Flow per Share

11.88%

US$

-31.72%

Diff M/C

4.41%

<-IRR #YR->

CFPS 5 yr Running

53.90%

US$

Excl.Working Capital CF

-$66.2

$106.7

$179.2

$210.4

$140.3

$247.5

$364.0

$355.0

$323.0

$519.0

$500.0

$393.0

$621.0

$0.0

2.76%

<-IRR #YR->

CFPS 5 yr Running

14.57%

US$

CF fr Op $M WC

$917.5

$1,274.9

$1,451.8

$906.8

$1,267.2

$2,113.8

$2,695.3

$2,252.3

$2,018.7

$2,092.5

$2,002.0

$2,472.0

$2,531.3

$1,884.9

$1,887.4

$1,924.4

74.36%

<-Total Growth

Cash Flow less WC

US$

Increase

-8.14%

38.95%

13.88%

-37.54%

39.74%

66.81%

27.51%

-16.44%

-10.37%

3.66%

-4.32%

23.48%

2.40%

-25.54%

0.14%

1.96%

5.72%

<-IRR #YR->

Cash Flow less WC

74.36%

US$

5 year Running Average

$957

$1,048

$1,126

$1,110

$1,164

$1,403

$1,687

$1,847

$2,069

$2,235

$2,212

$2,168

$2,223

$2,197

$2,156

$2,140

2.36%

<-IRR #YR->

Cash Flow less WC

12.39%

US$

CFPS Excl. WC

$4.85

$6.65

$7.52

$4.67

$5.65

$9.40

$11.95

$9.97

$8.92

$9.64

$9.26

$11.59

$12.46

$9.53

$9.55

$9.73

7.04%

<-IRR #YR->

CF less WC 5 Yr Run

97.39%

US$

Increase

-8.87%

37.00%

13.11%

-37.86%

20.81%

66.44%

27.11%

-16.51%

-10.53%

8.05%

-4.02%

25.21%

7.49%

-23.47%

0.14%

1.96%

3.78%

<-IRR #YR->

CF less WC 5 Yr Run

20.37%

US$

5 year Running Average

$5.16

$5.58

$5.93

$5.81

$5.87

$6.78

$7.84

$8.33

$9.18

$9.98

$9.95

$9.88

$10.37

$10.50

$10.48

$10.57

5.17%

<-IRR #YR->

CFPS - Less WC

65.60%

US$

P/CF on Med Price

8.68

7.37

8.58

17.15

17.26

9.48

5.87

5.85

5.08

5.40

5.76

5.16

4.71

5.61

0.00

4.55%

<-IRR #YR->

CFPS - Less WC

24.89%

US$

P/CF on Closing Price

8.81

8.44

9.91

20.09

17.23

8.73

4.70

5.40

5.06

4.81

5.57

5.28

4.60

4.82

4.72

5.75%

<-IRR #YR->

CFPS 5 yr Running

74.95%

US$

CF/-WC

P/CF Med

10 yr

7.06

5 yr

6.24

P/CF Med

10 yr

5.81

5 yr

5.16

-16.96%

Diff M/C

4.49%

<-IRR #YR->

CFPS 5 yr Running

24.56%

US$

$2,300.6

<-12 mths

-16.30%

Molson -->Molson Coors

CF fr Op $M CDN$

$982.0

$1,242.5

$1,476.3

$964.3

$1,513.1

$2,341.3

$3,180.4

$2,464.2

$2,159.0

$1,994.9

$2,034.3

$2,749.7

$2,748.7

$2,638.8

$2,642.4

$2,694.2

86.19%

<-Total Growth

Cash Flow

CDN$

Increase

11.06%

26.52%

18.82%

-34.68%

56.90%

54.73%

35.84%

-22.52%

-12.39%

-7.60%

1.98%

35.17%

-0.03%

-4.00%

0.14%

1.96%

S. Issues

Exchge of Shares

CDN$

5 year Running Average

$795.72

$943.69

$1,066.52

$1,109.90

$1,235.66

$1,507.51

$1,895.08

$2,092.65

$2,331.58

$2,427.94

$2,366.55

$2,280.41

$2,337.31

$2,433.29

$2,562.79

$2,694.77

119.15%

<-Total Growth

CF 5 Yr Running

CDN$

CFPS CDN$

$5.20

$6.48

$7.65

$4.97

$6.74

$10.41

$14.10

$10.91

$9.54

$9.19

$9.41

$12.89

$13.53

$13.35

$13.37

$13.63

76.84%

<-Total Growth

Cash Flow per Share

CDN$

Increase

10.18%

24.74%

18.02%

-35.02%

35.65%

54.39%

35.42%

-22.59%

-12.54%

-3.68%

2.31%

37.07%

4.93%

-1.33%

0.14%

1.96%

6.41%

<-IRR #YR->

Cash Flow

86.19%

CDN$

5 year Running Average

$4.28

$5.02

$5.61

$5.80

$6.21

$7.25

$8.77

$9.43

$10.34

$10.83

$10.63

$10.39

$10.91

$11.67

$12.51

$13.35

2.21%

<-IRR #YR->

Cash Flow

11.55%

CDN$

P/CF on Med Price

8.18

7.78

9.47

21.86

19.52

11.11

6.82

7.29

6.40

6.94

7.44

6.18

5.91

5.86

0.00

5.87%

<-IRR #YR->

Cash Flow per Share

76.84%

CDN$

P/CF on Closing Price

8.18

9.20

11.37

26.15

19.37

10.06

5.56

6.59

6.04

6.40

7.44

6.21

6.12

4.84

4.83

4.74

4.39%

<-IRR #YR->

Cash Flow per Share

23.95%

CDN$

-32.04%

Diff M/C

6.88%

<-IRR #YR->

CFPS 5 yr Running

94.55%

CDN$

Excl.Working Capital CF

-$66.09

$113.49

$207.89

$291.35

$188.38

$310.49

$496.57

$461.07

$411.24

$657.99

$677.20

$519.78

$893.56

$0.00

2.97%

<-IRR #YR->

CFPS 5 yr Running

15.76%

CDN$

CF fr Op $M WC CDN$

$915.9

$1,356.0

$1,684.2

$1,255.7

$1,701.5

$2,651.8

$3,676.9

$2,925.3

$2,570.2

$2,652.9

$2,711.5

$3,269.5

$3,642.3

$2,638.8

$2,642.4

$2,694.2

116.26%

<-Total Growth

Cash Flow less WC

CDN$

Increase

-9.97%

48.04%

24.21%

-25.44%

35.50%

55.85%

38.66%

-20.44%

-12.14%

3.22%

2.21%

20.58%

11.40%

-27.55%

0.14%

1.96%

8.02%

<-IRR #YR->

Cash Flow less WC

116.26%

CDN$

5 year Running Average

$1,006

$1,076

$1,192

$1,246

$1,383

$1,730

$2,194

$2,442

$2,705

$2,895

$2,907

$2,826

$2,969

$2,983

$2,981

$2,977

4.48%

<-IRR #YR->

Cash Flow less WC

24.51%

CDN$

CFPS Excl. WC CDN$

$4.85

$7.07

$8.73

$6.47

$7.58

$11.79

$16.30

$12.96

$11.36

$12.23

$12.54

$15.33

$17.92

$13.35

$13.37

$13.63

9.56%

<-IRR #YR->

CF less WC 5 Yr Run

149.12%

CDN$

Increase

-10.69%

45.96%

23.37%

-25.83%

17.14%

55.50%

38.23%

-20.51%

-12.29%

7.59%

2.54%

22.27%

16.94%

-25.53%

0.14%

1.96%

3.99%

<-IRR #YR->

CF less WC 5 Yr Run

21.58%

CDN$

5 year Running Average

$5.43

$5.73

$6.27

$6.51

$6.94

$8.33

$10.17

$11.02

$12.00

$12.93

$13.08

$12.88

$13.88

$14.27

$14.50

$14.72

7.46%

<-IRR #YR->

CFPS - Less WC

105.40%

CDN$

P/CF on Med Price

8.77

7.13

8.30

16.79

17.36

9.81

5.90

6.14

5.38

5.22

5.59

5.20

4.46

5.86

0.00

6.71%

<-IRR #YR->

CFPS - Less WC

38.36%

CDN$

P/CF on Closing Price

8.77

8.43

9.97

20.08

17.22

8.88

4.81

5.56

5.07

4.81

5.58

5.23

4.62

4.84

4.83

4.74

8.27%

<-IRR #YR->

CFPS 5 yr Running

121.30%

CDN$

*Operational Cash Flow per share US$

CF/-WC

P/CF Med

10 yr

7.12

5 yr

6.40

P/CF Med

10 yr

5.74

5 yr

5.22

-15.76%

Diff M/C

4.72%

<-IRR #YR->

CFPS 5 yr Running

25.91%

CDN$

OPM

25.12%

27.77%

30.69%

19.52%

23.07%

16.96%

21.65%

17.93%

17.56%

15.31%

14.04%

17.77%

16.43%

16.75%

-46.47%

<-Total Growth

OPM

CDN$

Increase

1.72%

10.58%

10.51%

-36.40%

18.18%

-26.47%

27.62%

-17.15%

-2.06%

-12.85%

-8.30%

26.57%

-7.52%

1.92%

Should increase

or be stable.

CDN$

Diff from Ave

40.7%

55.6%

71.9%

9.4%

29.2%

-5.0%

21.3%

0.5%

-1.6%

-14.2%

-21.4%

-0.5%

-8.0%

-6.2%

-0.01

<-Median->

OPM

CDN$

*Operational Profit Margin (CF/Revenue) Ratio

OPM

10 Yrs

17.85%

5 Yrs

17.56%

should be

zero, it is a

check on calculations

CDN$

$2,491

<-12 mths

0.56%

EBITDA (Underlying)

$1,468.5

$1,470.5

$1,331.4

$2,406.5

$2,495.1

$2,453.7

$2,364.0

$2,132.0

$2,078.0

$2,035.9

$2,422.6

$2,477.1

$2,311

$2,315

$2,293

68.45%

<-Total Growth

EBITDA

US$

Change

0.14%

-9.46%

80.75%

3.68%

-1.66%

-3.66%

-9.81%

-2.53%

-2.03%

18.99%

2.25%

-6.71%

0.17%

-0.95%

-1.84%

<-Median->

Change

US$

Margin

34.91%

35.47%

37.32%

49.26%

22.68%

22.78%

22.35%

22.08%

20.21%

19.03%

20.70%

21.30%

20.53%

20.48%

20.13%

22.21%

<-Median->

Margin

US$

$1,704

<-12 mths

-8.45%

EBIT

$1,284.0

$1,266.0

$1,325.0

$1,717.0

$1,861.0

$1,610.0

$1,622.0

$1,610.0

<-Total Growth

EBIT

Change

-1.40%

4.66%

29.58%

8.39%

-13.49%

0.75%

-0.74%

6.52%

<-Median->

Change

Margin

13.30%

12.32%

12.38%

14.67%

16.01%

14.30%

14.35%

14.14%

13.30%

<-Median->

Margin

Debt US$

$3,422.5

$3,213.0

$2,321.3

$2,908.7

$11,387.7

$10,598.7

$8,893.8

$8,110

$7,208

$6,647

$6,165

$5,312

$6,114

$6,257

163.38%

<-Total Growth

Debt

US$

Change

78.73%

-6.12%

-27.75%

25.30%

291.50%

-6.93%

-16.09%

-8.82%

-11.11%

-7.78%

-7.25%

-13.84%

15.09%

2.34%

-7.52%

<-Median->

Change

US$

Debt/Market Cap Ratio

0.42

0.30

0.16

0.52

0.57

0.70

0.67

0.71

0.66

0.55

0.41

0.52

0.69

US$

Assets/Current Liabilities Ratio

6.24

7.27

6.02

10.09

9.29

8.90

7.00

7.81

6.99

7.62

7.66

7.81

8.56

7.58

7.81

<-Median->

Assets/Current Liab Ratio

US$

Debt to Cash Flow (Years)

3.48

2.75

1.82

4.18

10.11

5.68

3.81

4.27

4.25

4.22

4.10

2.56

3.20

3.32

4.20

<-Median->

Debt to Cash Flow (Years)

US$

Debt CDN$

$3,417

$2,693

$4,028

$15,290

$13,296

$12,133

$10,533

$9,177

$8,427

$8,350

$7,026

$8,797

$8,760

226.68%

<-Total Growth

Debt

CDN$

Change

75.17%

0.02%

-21.20%

49.57%

279.62%

-13.04%

-8.75%

-13.19%

-12.87%

-8.17%

-0.92%

-15.86%

25.21%

-0.43%

-8.46%

<-Median->

Change

CDN$

Debt/Market Cap Ratio

0.43

0.30

0.16

0.52

0.56

0.69

0.65

0.70

0.66

0.55

0.41

0.52

0.69

0.56

<-Median->

% of Market C.

CDN$

Assets/Current Liabilities Ratio

6.24

7.27

6.02

10.09

9.29

8.90

7.00

7.81

6.99

7.62

7.66

7.81

8.56

7.58

7.81

<-Median->

Assets/Current Liab Ratio

CDN$

Debt to Cash Flow (Years)

3.48

2.75

1.82

4.18

10.11

5.68

3.81

4.27

4.25

4.22

4.10

2.56

3.20

3.32

4.20

<-Median->

Debt to Cash Flow (Years)

CDN$

Intangibles US$

$7,234.8

$6,825.1

$5,756

$4,746

$14,032

$14,297

$13,776

$13,656

$13,556

$13,287

$12,800

$12,615

$12,394

119.16%

<-Total Growth

Intangibles

Change

57.76%

-5.66%

-15.67%

-17.55%

195.68%

1.89%

-3.64%

-0.87%

-0.73%

-1.99%

-3.66%

-1.45%

0.00%

-1.75%

-1.16%

<-Median->

Change

Intangbkes/Market Cap Ratio

0.89

0.63

0.40

0.26

0.64

0.77

1.09

1.12

1.33

1.32

1.15

0.97

1.08

1.36

<-----

Intangblies CDN$

$7,223

$7,259

$6,677

$6,572

$18,841

$17,935

$18,794

$17,736

$17,260

$16,845

$17,336

$16,684

$18,151

$17,352

171.83%

<-Total Growth

Intangibles

Change

54.61%

0.51%

-8.02%

-1.58%

186.70%

-4.81%

4.79%

-5.63%

-2.69%

-2.40%

2.92%

-3.76%

8.79%

-4.40%

-1.99%

<-Median->

Change

Intangbkes/Market Cap Ratio

0.90

0.63

0.40

0.26

0.64

0.76

1.06

1.09

1.32

1.15

0.98

1.08

1.36

1.07

<-Median->

% of Market C.

Goodwill US$

$2,453.1

$2,418.7

$2,191.6

$1,983.3

$8,250

$8,406

$8,261

$7,631

$6,153

$5,292

$5,312

$5,582

$5,592

154.71%

<-Total Growth

Goodwill

US$

Change

68.80%

-1.40%

-9.39%

-9.50%

315.98%

1.88%

-1.72%

-7.62%

0.00%

-19.38%

-13.99%

0.38%

5.09%

0.17%

-0.86%

<-Median->

Change

US$

Goodwill/Market Cap Ratio

0.30

0.22

0.15

0.11

0.38

0.46

0.65

0.63

0.75

0.61

0.47

0.41

0.48

0.62

0.48

<-Median->

% of Market C.

US$

Goodwill CDN$

$2,449

$2,573

$2,542

$2,746

$11,077

$10,545

$11,269

$9,912

$9,716

$7,800

$7,167

$7,026

$8,032

$7,829

Goodwill

CDN$

Change

65.43%

5.05%

-1.17%

8.02%

303.35%

-4.81%

6.87%

-12.05%

-1.97%

-19.72%

-8.11%

-1.98%

14.33%

-2.53%

-1.97%

<-Median->

Change

CDN$

Goodwill/Market Cap Ratio

0.31

0.22

0.15

0.11

0.38

0.45

0.64

0.61

0.75

0.61

0.47

0.41

0.48

0.61

0.48

<-Median->

% of Market C.

CDN$

Goodwill & Intangibles US$

$9,688

$9,244

$7,947

$6,729

$22,282

$22,702

$22,037

$21,287

$21,188

$19,439

$18,092

$17,927

$18,197

$17,986

128.97%

<-Total Growth

Goodwill & Intangibles

US$

Change

60.41%

-4.58%

-14.02%

-15.33%

231.13%

1.88%

-2.93%

-3.40%

-0.47%

-8.25%

-6.93%

-0.91%

1.51%

-1.16%

-1.92%

<-Median->

Change

US$

Intangbkes/Market Cap Ratio

1.20

0.86

0.55

0.37

1.02

1.23

1.74

1.75

2.07

1.93

1.62

1.37

1.56

1.98

<-----

1.59

<-Median->

% of Market C.

US$

Goodwill CDN$

$9,672

$9,832

$9,220

$9,318

$29,918

$28,480

$30,063

$27,648

$26,976

$24,645

$24,504

$23,710

$26,184

$25,181

Goodwill & Intangibles

CDN$

Change

57.22%

1.66%

-6.22%

1.06%

-4.81%

5.56%

-8.03%

-2.43%

-8.64%

-0.57%

-3.24%

10.43%

-3.83%

-2.43%

<-Median->

Change

CDN$

Goodwill/Market Cap Ratio

1.20

0.86

0.55

0.37

1.02

1.21

1.70

2.07

1.93

1.62

1.39

1.56

1.97

1.59

<-Median->

% of Market C.

CDN$

Current Assets US$

$1,748.0

$1,537.7

$1,578.9

$1,258.8

$2,169.6

$2,189.7

$2,766.3

$2,184.4

$2,418.8

$2,778.7

$2,638.0

$2,848.4

$3,076.1

80.40%

<-Total Growth

Current Assets

US$

Current Liabilities

$2,598.7

$2,142.1

$2,325.3

$1,217.2

$3,157.5

$3,399.3

$4,300.9

$3,695.5

$3,909.6

$3,622.2

$3,375.4

$3,045.2

$3,540.6

30.96%

<-Total Growth

Current Liabilities

US$

Liquidity

0.67

0.72

0.68

1.03

0.69

0.64

0.59

0.62

0.77

0.78

0.94

0.87

0.73

<-Median->

Ratio

US$

Curr Long Term Debt

$1,245.6

$849.4

$28.7

$714.8

$1,020.1

$514.9

$397.1

$32.2

$1,525.1

Assets US$

$16,212.2

$15,580.1

$13,996.3

$12,276.3

$29,341.5

$30,246.9

$30,109.8

$28,859.8

$27,331.1

$27,619.0

$25,868.3

$26,375.1

$26,064.3

$26,826.7

86.22%

<-Total Growth

Assets

US$

Liabilities

$8,220.6

$6,916.3

$6,110.2

$5,213.2

$17,719.8

$16,811.9

$16,374.0

$15,186.7

$14,709.8

$13,954.9

$12,953.1

$12,940.0

$12,611.6

$13,030.0

106.40%

<-Total Growth

Liabilities

US$

Debt Ratio

1.97

2.25

2.29

2.35

1.66

1.80

1.84

1.90

1.86

1.98

2.00

2.04

2.07

2.06

1.94

<-Median->

Ratio

US$

Check

$7,991.6

$8,663.8

$7,886.1

$7,063.1

$11,621.7

$13,435.0

$13,735.8

$13,673.1

$12,621.3

$13,664.1

$12,915.2

$13,435.1

$13,452.7

$13,796.7

Estimates BVPS

$69.27

$74.00

$78.86

Estimates

Estimates BVPS

Estimate Book Value

$13,694.7

$14,629.8

$15,590.6

Estimates

Estimate Book Value

P/B Ratio (Close)

0.66

0.62

0.58

Estimates

P/B Ratio (Close)

Difference from 10 year median

-31.90%

Diff M/C

Estimates

Difference from 10 yr med.

Total Book Value US$

$7,991.6

$8,663.8

$7,886.1

$7,063.1

$11,621.7

$13,435.0

$13,735.8

$13,673.1

$12,621.3

$13,664.1

$12,915.2

$13,435.1

$13,452.7

$13,796.7

70.59%

<-Total Growth

Book Value

US$

Book Value per share

$42.28

$45.19

$40.86

$36.41

$51.79

$59.74

$60.89

$60.55

$55.80

$62.97

$59.71

$62.99

$66.20

$69.79

62.02%

<-Total Growth

Book Value per share

Non-Controlling Int US$

$24.7

$24.9

$22.8

$20.1

$203.0

$208.9

$228.4

$253.7

$256.3

$247.0

$225.5

$239.1

$360.3

$356.0

1480.26%

<-Total Growth

Non-Controlling Int US$

US$

Book Value US$

$7,966.9

$8,638.9

$7,863.3

$7,043.0

$11,418.7

$13,226.1

$13,507.4

$13,419.4

$12,365.0

$13,417.1

$12,689.7

$13,196.0

$13,092.4

$13,440.7

$13,441

66.50%

<-Total Growth

Book Value

US$

Book Value per share

$42.15

$45.06

$40.74

$36.30

$50.89

$58.81

$59.87

$59.43

$54.66

$61.83

$58.67

$61.87

$64.43

$67.99

58.14%

<-Total Growth

Book Value per Share

US$

Change

3.34%

6.91%

-9.59%

-10.89%

40.16%

15.57%

1.81%

-0.74%

-8.02%

13.11%

-5.12%

5.45%

4.15%

5.52%

0.00%

-100.00%

-42.81%

P/B Ratio

Current/Historical Median

US$

P/B Ratio (Median)

1.00

1.09

1.58

2.21

1.91

1.51

1.17

0.98

0.83

0.84

0.91

0.97

0.91

0.79

0.00

1.18

P/B Ratio

Historical Median

US$

P/B Ratio (Close)

1.02

1.25

1.83

2.59

1.91

1.40

0.94

0.91

0.83

0.75

0.88

0.99

0.89

0.68

4.69%

<-IRR #YR->

Book Value

58.14%

US$

Change

-5.45%

22.74%

46.80%

41.44%

-26.08%

-27.02%

-32.79%

-3.31%

-8.85%

-9.32%

17.15%

12.67%

-10.08%

-23.99%

0.00%

1.63%

<-IRR #YR->

Book Value

8.41%

US$

Leverage (A/BK)

2.03

1.80

1.78

1.74

2.57

2.29

2.23

2.15

2.21

2.06

2.04

2.00

1.99

2.00

2.10

<-Median->

A/BV

US$

Debt/Equity Ratio

1.03

0.80

0.78

0.74

1.55

1.27

1.21

1.13

1.19

1.04

1.02

0.98

0.96

0.97

1.09

<-Median->

Debt/Eq Ratio

US$

Sharerholders Equity (Assets less liabilities)

P/BV

10 yr Med

0.97

5 yr Med

0.91

-30.62%

Diff M/C

1.99

Historical

Leverage (A/BK)

US$

Current Assets CDN$

$1,745.0

$1,635.5

$1,831.7

$1,743.1

$2,913.1

$2,747.0

$3,773.8

$2,837.1

$3,079.6

$3,522.8

$3,572.9

$3,489.0

$4,098.6

$4,306.5

123.76%

<-Total Growth

Current Assets

CDN$

Current Liabilities

$2,594.3

$2,278.3

$2,697.6

$1,685.5

$4,239.6

$4,264.4

$5,867.3

$4,799.7

$4,977.7

$4,592.2

$4,571.6

$4,464.3

$4,381.7

$4,956.8

62.43%

<-Total Growth

Current Liabilities

CDN$

Liquidity

0.67

0.72

0.68

1.03

0.69

0.64

0.59

0.62

0.77

0.78

0.94

0.87

0.73

<-Median->

Ratio

CDN$

Liq. with CF aft div

0.96

1.15

1.10

1.34

0.93

1.08

1.10

0.98

1.02

1.16

1.13

1.29

1.45

1.30

1.16

<-Median->

Ratio

CDN$

Liq. CF re Inv+Div

0.48

1.02

1.09

1.05

0.19

0.94

0.95

0.88

0.92

1.02

0.95

1.04

1.19

1.30

1.02

<-Median->

Ratio

CDN$

Curr Long Term Debt

$1,243.5

$1,324.8

$985.4

$39.7

$38.5

$896.7

$975.1

$928.4

$1,298.8

$652.8

$537.8

$525.2

$46.3

$2,135.1

Curr Long Term Debt

CDN$

Liquidity Less CLTD

1.29

1.72

1.07

1.06

0.69

0.82

0.77

0.73

0.84

0.89

0.95

1.53

0.89

<-Median->

Ratio

CDN$

Liq. with CF aft div

1.84

2.74

1.74

1.38

0.94

1.37

1.32

1.22

1.38

1.35

1.28

1.47

1.46

2.28

1.38

<-Median->

Ratio

CDN$

Assets CDN$

$16,184.8

$16,571.0

$16,237.1

$16,999.5

$39,396.8

$37,944.7

$41,075.8

$37,483.1

$34,798.0

$35,015.4

$35,036.0

$34,883.7

$37,503.9

$37,557.4

130.98%

<-Total Growth

Assets

CDN$

Liabilities

$8,206.7

$7,356.2

$7,088.4

$7,218.9

$23,792.4

$21,090.5

$22,337.4

$19,724.5

$18,728.5

$17,692.0

$17,543.7

$17,114.4

$18,146.8

$18,242.0

156.01%

<-Total Growth

Liabilities

CDN$

Debt Ratio

1.97

2.25

2.29

2.35

1.66

1.80

1.84

1.90

1.86

1.98

2.00

2.04

2.07

2.06

1.94

<-Median->

Ratio

CDN$

Check BV CDN$

$7,978.1

$9,214.8

$9,148.7

$9,780.6

$15,604.5

$16,854.2

$18,738.4

$17,758.6

$16,069.4

$17,323.3

$17,492.3

$17,769.3

$19,357.1

$19,315.4

Total Book Value CDN$

$7,978.1

$9,214.8

$9,148.7

$9,780.6

$15,604.5

$16,854.2

$18,738.4

$17,758.6

$16,069.4

$17,323.3

$17,492.3

$17,769.3

$19,357.1

$19,315.4

111.58%

<-Total Growth

Book Value

CDN$

Non-Controlling Int CDN$

$24.7

$26.5

$27.8

$272.6

$262.1

$311.6

$329.5

$326.3

$313.1

$305.4

$316.2

$518.4

$498.4

$498

CDN$

Book Value CDN$

$7,953.4

$9,188.3

$9,122.2

$9,752.7

$15,331.9

$16,592.1

$18,426.8

$17,429.1

$15,743.1

$17,010.2

$17,186.9

$17,453.0

$18,838.7

$18,817.0

106.51%

<-Total Growth

Book Value

CDN$

Book Value per share

$42.08

$47.93

$47.27

$50.27

$68.32

$73.78

$81.68

$77.19

$69.60

$78.39

$79.46

$81.82

$92.71

$95.18

96.15%

<-Total Growth

Book Value per Share

CDN$

Change

1.28%

13.90%

-1.39%

6.36%

35.91%

7.98%

10.71%

-5.50%

-9.83%

12.63%

1.37%

2.98%

13.30%

2.66%

0.00%

-35.54%

P/B Ratio

Current/Historical Median

CDN$

P/B Ratio (Median)

1.01

1.05

1.53

2.16

1.93

1.57

1.18

1.03

0.88

0.81

0.88

0.97

0.86

0.82

0.00

1.05

P/B Ratio

Historical Median

CDN$

P/B Ratio (Close)

1.01

1.24

1.84

2.59

1.91

1.42

0.96

0.93

0.83

0.75

0.88

0.98

0.89

0.68

6.97%

<-IRR #YR->

Book Value

96.15%

CDN$

Change

-7.00%

23.28%

47.90%

40.49%

-26.08%

-25.75%

-32.37%

-2.86%

-11.16%

-9.44%

17.44%

11.11%

-8.73%

-24.07%

0.00%

3.73%

<-IRR #YR->

Book Value

20.11%

CDN$

Leverage (A/BK)

2.03

1.80

1.78

1.74

2.57

2.29

2.23

2.15

2.21

2.06

2.04

2.00

1.99

2.00

0.00

2.10

<-Median->

A/BV

CDN$

Debt/Equity Ratio

1.03

0.80

0.78

0.74

1.55

1.27

1.21

1.13

1.19

1.04

1.02

0.98

0.96

0.97

0.00

1.09

<-Median->

Debt/Eq Ratio

CDN$

Sharerholders Equity (Assets less liabilities)

P/BV

10 yr Med

1.00

5 yr Med

0.88

-32.36%

Diff M/C

2.00

Historical

Leverage (A/BK)

CDN$

$1,191.2

<-12 mths

35.39%

Comprehensive Inc US$

$594.40

$765.40

-$535.50

-$437.0

$2,128.3

$2,150.7

$842.6

$309.4

-$949.1

$1,169.8

-$388.4

$1,046.5

$914.5

270.77%

<-Total Growth

Comprehensive Inc

US$

NCI

-$3.90

$5.20

$3.80

-$2.3

$3.0

$24.7

$16.1

$5.1

$5.5

$2.3

-$13.6

$8.4

$34.7

813.16%

<-Total Growth

NCI

US$

Shareholders

$598.30

$760.20

-$539.30

-$434.7

$2,125.3

$2,126.0

$826.5

$304.3

-$954.6

$1,167.5

-$374.8

$1,038.1

$879.8

263.14%

<-Total Growth

Shareholders

US$

Increase

59.03%

27.06%

-170.94%

19.40%

588.91%

0.03%

-61.12%

-63.18%

-413.70%

222.30%

-132.10%

376.97%

-15.25%

<-Median->

Comprehensive Income

US$

5 Yr Running Average

$374

$269

$411

$152

$502

$808

$821

$989

$886

$694

$194

$236

$351

#NUM!

<-IRR #YR->

Comprehensive Income

263.14%

US$

ROE

7.5%

8.8%

-6.9%

-6.2%

18.6%

16.1%

6.1%

2.3%

-7.7%

8.7%

-3.0%

7.9%

6.7%

23.66%

<-IRR #YR->

Comprehensive Income

189.12%

US$

5Yr Median

7.5%

4.9%

7.5%

8.8%

6.1%

2.3%

6.7%

-1.55%

<-IRR #YR->

5 Yr Running Average

-14.49%

US$

% Difference from NI

35.06%

34.00%

-204.92%

-220.92%

7.56%

50.33%

-25.97%

25.90%

-0.59%

16.09%

-113.80%

9.40%

-21.61%

-18.71%

<-IRR #YR->

5 Yr Running Average

-64.51%

US$

Median Values

Diff

5, 10 yr

3.5%

-0.6%

6.7%

<-Median->

Return on Equity

US$

Current Liability Coverage Ratio

0.35

0.60

0.62

0.74

0.40

0.62

0.63

0.61

0.52

0.58

0.59

0.73

0.83

0.53

CFO / Current Liabilities

US$

5 year Median

0.74

0.67

0.62

0.60

0.62

0.61

0.59

0.62

<-Median->

Current Liability Cov Ratio

US$

Asset Efficiency Ratio

5.66%

8.18%

10.37%

7.39%

4.32%

6.99%

8.95%

7.80%

7.39%

7.58%

7.74%

9.37%

9.71%

7.03%

CFO / Total Assets

US$

5 year Median

7.89%

8.04%

7.39%

7.58%

7.74%

7.7%

<-Median->

Return on Assets

US$

Return on Assets ROA

2.73%

3.64%

3.67%

2.93%

6.73%

4.68%

3.71%

0.84%

-3.47%

3.64%

-0.68%

3.60%

4.31%

4.22%

Net

Income/Assets

Return on Assets

US$

5Yr Median

5.44%

3.67%

3.64%

3.67%

3.71%

3.64%

0.84%

3.60%

3.64%

3.6%

<-Median->

Asset Efficiency Ratio

US$

ROE US$

5.56%

6.57%

6.54%

5.10%

17.30%

10.69%

8.27%

1.80%

-7.67%

7.50%

-1.38%

7.19%

8.57%

8.42%

Net Income/Shareholders' equity

ROE

US$

5Yr Median

8.84%

6.57%

6.54%

6.57%

8.27%

7.50%

1.80%

7.19%

7.50%

7.2%

<-Median->

ROE

US$

$1,037.3

<-12 mths

-7.58%

Net Income US$

$439.1

$572.5

$517.8

$362.8

$1,981.8

$1,436.4

$1,134.6

$246.2

-$945.7

$1,008.5

-$186.5

$956.4

$1,157.7

123.58%

<-Total Growth

Net Income

US$

NCI

-$3.90

$5.20

$3.80

$3.3

$5.9

$22.2

$18.1

$4.5

$3.3

$2.8

-$11.2

$7.5

$35.3

828.95%

<-Total Growth

NCI

US$

Shareholders

$443.00

$567.30

$514.00

$359.5

$1,975.9

$1,414.2

$1,116.5

$241.7

-$949.0

$1,005.7

-$175.3

$948.9

$1,122.4

$1,132

$1,129

118.37%

<-Total Growth

Shareholders

US$

Increase

-34.50%

28.06%

-9.40%

-30.06%

449.62%

-28.43%

-21.05%

-78.35%

-492.64%

-205.97%

-117.43%

-641.30%

18.28%

0.86%

-0.27%

EPS/CF Ratio should not be higher than 1.00

US$

5 Yr Running Average

$587

$623

$582

$512

$772

$966

$1,076

$1,022

$760

$566

$248

$214

$391

$807

$831

8.12%

<-IRR #YR->

Net Income

118.37%

US$

Operating Cash Flow

$983.7

$1,168.2

$1,272.6

$696.4

$1,126.9

$1,866.3

$2,331.3

$1,897.3

$1,695.7

$1,573.5

$1,502.0

$2,079.0

$1,910.3

35.95%

<-IRR #YR->

Net Income

364.38%

US$

Investment Cash Flow

-$2,635.1

-$277.0

-$23.9

-$334.7

-$12,286.6

-$538.2

-$669.1

-$433.3

-$413.6

-$509.9

-$625.1

-$841.7

-$648.0

-3.91%

<-IRR #YR->

5 Yr Running Average

-32.86%

US$

Total Accruals

$2,094.4

-$323.9

-$734.7

-$2.2

$13,135.6

$86.1

-$545.7

-$1,222.3

-$2,231.1

-$57.9

-$1,052.2

-$288.4

-$139.9

-17.49%

<-IRR #YR->

5 Yr Running Average

-61.77%

US$

Total Assets

$16,212.2

$15,580.1

$13,996.3

$12,276.3

$29,341.5

$30,246.9

$30,109.8

$28,859.8

$27,331.1

$27,619.0

$25,868.3

$26,375.1

$26,064.3

Balance Sheet

Assets

US$

Accruals Ratio

12.92%

-2.08%

-5.25%

-0.02%

44.77%

0.28%

-1.81%

-4.24%

-8.16%

-0.21%

-4.07%

-1.09%

-0.54%

-1.09%

<-Median->

Ratio

US$

EPS/CF Ratio

0.50

0.46

0.37

0.41

1.64

0.69

0.43

0.11

-0.49

0.48

-0.09

0.38

0.43

Financial Cash Flow US$

$1,171.4

-$1,059.2

-$802.0

-$512.0

$11,317.9

-$1,496.4

-$1,008.9

-$2,007.0

-$1,074.4

-$1,172.2

-$889.5

-$981.4

-$1,138.4

C F Statement

Financial CF

US$

Total Accruals

$923.0

$735.3

$67.3

$509.8

$1,817.7

$1,582.5

$463.2

$784.7

-$1,156.7

$1,114.3

-$162.7

$693.0

$998.5

Accruals

US$

Accruals Ratio

5.69%

4.72%

0.48%

4.15%

6.19%

5.23%

1.54%

2.72%

-4.23%

4.03%

-0.63%

2.63%

3.83%

2.63%

<-Median->

Ratio

US$

$1,667.7

<-12 mths

31.73%

Comprehensive Inc CDN$

$593.40

$814.08

-$621.23

-$605.13

$2,857.67

$2,698.05

$1,149.47

$401.85

-$1,208.39

$1,483.07

-$526.05

$1,384.10

$1,315.87

311.82%

<-Total Growth

Comprehensive Income

CDN$

NCI

-$3.89

$5.53

$4.41

-$3.18

$4.03

$30.99

$21.96

$6.62

$7.00

$2.92

-$18.42

$11.11

$49.93

1032.61%

<-Total Growth

NCI

CDN$

Shareholders

$597.29

$808.55

-$625.64

-$601.95

$2,853.64

$2,667.07

$1,127.51

$395.22

-$1,215.40

$1,480.16

-$507.63

$1,372.99

$1,265.94

302.34%

<-Total Growth

Shareholders

CDN$

Increase

55.86%

35.37%

-177.38%

3.79%

574.07%

-6.54%

-57.72%

-64.95%

-407.52%

221.78%

-134.30%

370.47%

-7.80%

<-Median->

Comprehensive Income

CDN$

5 Yr Running Average

$420.01

$267.77

$403.79

$112.29

$606.38

$1,020.33

$1,084.13

$1,288.30

$1,165.61

$890.91

$255.97

$305.07

$479.21

#NUM!

<-IRR #YR->

Comprehensive Income

302.34%

CDN$

ROE

7.5%

8.8%

-6.8%

-6.2%

18.3%

15.8%

6.0%

2.2%

-7.6%

8.5%

-2.9%

7.7%

6.5%

26.22%

<-IRR #YR->

Comprehensive Income

220.31%

CDN$

5Yr Median

7.5%

4.9%

7.5%

8.8%

6.0%

2.2%

6.5%

1.73%

<-IRR #YR->

5 Yr Running Average

18.68%

CDN$

% Difference from NI

34.6%

33.6%

-204.6%

-220.6%

5.7%

48.0%

-27.2%

23.6%

-1.5%

14.0%

110.1%

7.5%

-23.7%

-17.95%

<-IRR #YR->

5 Yr Running Average

-62.80%

CDN$

Median Values

Diff

5, 10 yr

6.6%

7.5%

6.5%

<-Median->

Return on Equity

CDN$

Current Liability Coverage Ratio

0.35

0.60

0.62

0.74

0.40

0.62

0.63

0.61

0.52

0.58

0.59

0.73

0.83

0.53

CFO / Current Liabilities

CDN$

5 year Median

0.74

0.67

0.62

0.60

0.62

0.61

0.59

<-Median->

Current Liability Cov Ratio

CDN$

Asset Efficiency Ratio

5.66%

8.18%

10.37%

7.39%

4.32%

6.99%

8.95%

7.80%

7.39%

7.58%

7.74%

9.37%

9.71%

7.03%

CFO / Total Assets

CDN$

5 year Median

7.89%

8.04%

7.39%

7.58%

7.74%

7.7%

<-Median->

Return on Assets

CDN$

Return on Assets ROA

2.7%

3.6%

3.7%

2.9%

6.7%

4.7%

3.7%

0.8%

-3.5%

3.6%

-0.7%

3.6%

4.3%

2.9%

Net

Income/Assets

Return on Assets

CDN$

5Yr Median

5.4%

3.7%

3.6%

3.7%

3.6%

0.8%

3.6%

<-Median->

Asset Efficiency Ratio

CDN$

Return on Equity ROE

5.6%

6.6%

6.5%

5.1%

17.3%

10.7%

8.3%

1.8%

-7.7%

7.5%

-1.4%

7.2%

8.6%

5.8%

Net Inc/

Shareholders' equity

Return on Equity

CDN$

5Yr Median

8.8%

6.6%

6.5%

6.6%

8.3%

7.5%

1.8%

7.2%

<-Median->

Return on Equity

CDN$

$1,452.2

<-12 mths

-10.08%

Net Income CDN$

$438.4

$608.9

$600.7

$502.4

$2,661.0

$1,802.0

$1,547.8

$319.8

-$1,204.1

$1,278.6

-$252.6

$1,264.9

$1,665.8

177.31%

<-Total Growth

Net Income

CDN$

NCI

-$3.9

$5.5

$4.4

$4.6

$7.9

$27.8

$24.7

$5.8

$4.2

$3.5

-$15.2

$9.9

$50.8

1052.20%

<-Total Growth

Net Income

CDN$

Shareholders

$442.25

$603.38

$596.29

$497.82

$2,653.04

$1,774.11

$1,523.13

$313.92

-$1,208.27

$1,275.03

-$237.43

$1,255.02

$1,615.02

$1,096

$1,082

$1,071

170.84%

<-Total Growth

Net Income

CDN$

Increase

-35.80%

36.43%

-1.17%

-16.51%

432.94%

-33.13%

-14.15%

-79.39%

-484.90%

-205.53%

-118.62%

-628.59%

28.69%

-32.14%

-1.28%

-1.02%

EPS/CF Ratio should not be higher than 1.00

CDN$

5 Yr Running Average

$613

$639

$607

$566

$959

$1,225

$1,409

$1,352

$1,011

$736

$333

$280

$540

$1,001

$962

$1,224

10.48%

<-IRR #YR->

Net Income

170.84%

CDN$

Operating Cash Flow

$982.0

$1,242.5

$1,476.3

$964.3

$1,513.1

$2,341.3

$3,180.4

$2,464.2

$2,159.0

$1,994.9

$2,034.3

$2,749.7

$2,748.7

38.76%

<-IRR #YR->

Net Income

414.47%

CDN$

Investment Cash Flow

-$2,630.6

-$294.6

-$27.8

-$463.5

-$16,497.2

-$675.2

-$912.8

-$562.8

-$526.6

-$646.5

-$846.6

-$1,113.2

-$932.4

-1.17%

<-IRR #YR->

5 Yr Running Average

-11.10%

CDN$

Total Accruals

$2,090.9

-$344.5

-$852.3

-$3.0

$17,637.2

$108.0

-$744.4

-$1,587.5

-$2,840.6

-$73.4

-$1,425.1

-$381.4

-$201.3

-16.78%

<-IRR #YR->

5 Yr Running Average

-60.08%

CDN$

Total Assets

$16,184.8

$16,571.0

$16,237.1

$16,999.5

$39,396.8

$37,944.7

$41,075.8

$37,483.1

$34,798.0

$35,015.4

$35,036.0

$34,883.7

$37,503.9

Balance Sheet

Assets

CDN$

Accruals Ratio

12.92%

-2.08%

-5.25%

-0.02%

44.77%

0.28%

-1.81%

-4.24%

-8.16%

-0.21%

-4.07%

-1.09%

-0.54%

-1.09%

<-Median->

Ratio

CDN$

EPS/CF Ratio

0.50

0.46

0.37

0.41

1.64

0.69

0.43

0.11

-0.49

0.48

-0.09

0.38

0.43

0.42

<-Median->

EPS/CF Ratio

CDN$

Change in Close

-5.81%

40.42%

45.85%

49.43%

0.46%

-19.82%

-25.13%

-8.20%

-19.90%

1.99%

19.05%

14.41%

3.41%

-22.05%

0.00%

Count

Years of data

CDN$

up/down

down

Count

14.29%

CDN$

Meet Prediction?

Yes

% right

Count

33.33%

CDN$

Financial Cash Flow

$1,169.4

-$1,126.6

-$930.4

-$709.0

$15,196.5

-$1,877.2

-$1,376.3

-$2,606.7

-$1,367.9

-$1,486.1

-$1,204.7

-$1,298.0

-$1,638.0

C F Statement

Financial Cash Flow

CDN$

Total Accruals

$921.4

$782.1

$78.1

$705.9

$2,440.6

$1,985.2

$631.9

$1,019.2

-$1,472.7

$1,412.7

-$220.4

$916.6

$1,436.7

Accruals

CDN$

Accruals Ratio

5.69%

4.72%

0.48%

4.15%

6.19%

5.23%

1.54%

2.72%

-4.23%

4.03%

-0.63%

2.63%

3.83%

2.63%

<-Median->

Ratio

CDN$

Cash US$

$624.0

$442.3

$624.6

$430.9

$560.9

$418.6

$1,057.9

$523.4

$770.1

$637.4

$600.0

$868.9

$969.3

$613.8

Cash

US$

Cash CDN$

$622.9

$470.4

$724.6

$596.7

$753.1

$525.1

$1,443.2

$679.8

$980.5

$808.1

$812.6

$1,149.2

$1,394.7

$859.3

Cash

CDN$

Cash Per Shares CDN$

$3.30

$2.45

$3.75

$3.08

$3.36

$2.33

$6.40

$3.01

$4.33

$3.72

$3.76

$5.39

$6.86

$4.35

$4.33

<-Median->

Cash per Share

CDN$

Percentage of Stock Price

7.76%

4.11%

4.32%

2.37%

2.57%

2.23%

8.16%

4.18%

7.52%

6.33%

5.37%

6.73%

8.29%

6.73%

<-Median->

% of Stock Price

CDN$

Notes:

October 9, 2025. Last estimates were for 2024, 2025, 2026 of $11759M, $11794M, $11895M Revenue, $5.72, $5.87, $6.11 AEPS, $5.76, $5.64, $5.58 EPS, $1.76, $1.87, $1.97 Dividends,

$1352M, $1282M, 1345M FCF, $9.57, $980, $10.40 CFPS, $2470M, $2469M, $2496M EBITDA, $64.52, $68.94, $76.46 BVPS, $1207M, $1132M, $1129M Net Income.

October 6, 2024. Last estimates were for 2023, 2024, 2025 of $11660M, $11688M, $11817M US$ Revenue, $5.02, $5.18, $5.42 US$ AEPS, $$4.58, $5.08, $5.25 US$ EPS, $1.64, $1.74, $1.81 US$ Dividend,

$1258M, $1209M, $1182M US$ FCF, $8.86, $8.93 and $8.81 US$ CFPS, $2326M, $2338M, $2387M US$ EBITDA, $61.90, $65.30, $69.00 US$ BVPS, $967M, $1083M, $1091M US$ Net Income.

October 8, 2023. Last estimates were for 2022, 2023 and 2023 of $10735M, $10881M and $10969M US$ for Revenue, $3.90, $4.18 and $4.42 US$ for AEPS, $3.37, $4.20 and $4.38 US$ for EPS,

$1.48, $1.58 and $1.57 US$ for Dividends, $1091M, $1191M and $1199M US$ for FCF, $7.41, $8.64 and $8.75 for CFPS, $63.90, $79.00 and $70.40 for BVPS, $711M, $908M and $941M for Net Income.

In 2023 consider using Yahoo to pick up stock price of TAP and TPX.B rather than Molson's.

October 10, 2022. Last estimates were for 2021, 2022 and 2023 of $10283M, $10570M and $10655M US$ for Revenue, $4.24, $4.21 and $4.44 for EPS US$,

$0.69, $1.49 and $1.53 US$ for Dividends, $1303M, $1265M and $1308M US$ for FCF, $7.60, $7.90 and $7.83 US$ for CFPS, and $924M, $909M and $956M US$ for Net Income.

Oct 9, 2021. Last estimates were for 2020, 2021 and 2022 of $9678M, $10123M and $10278M US$ for Revenue, $2.63, $3.55 and $3.78 US$ for EPS,

$0.57, $1.98 and $0.61 US$ for Dividends, $860M, $1234M and $1247M US$ for FCF, $3.98, $8.09 and $8.05 US$ for CFPS and $526M, $770M and $818M US$ for Net Income.

October 18, 2020. Last estimates were for 2019, 2020 and 2021 of $10597M, $10586M and $10572M US$ for Revenue,

$4.43, $4.47 and $4.60 US$ for EPS, $9.48, $9.44 and $9.59 US$ for CFPS, and $966M, $965M and $987M US$ for Net Income.

May 22, 2020. Dividends are suspended. Confirmed in Press Release of July 30, 2020.

October 19, 2019. Last estimates were for 2018 and 2019 of $11239M, $11273M for Revenue US$, 4.76 and $497 for EPS US$, $8.28 and $9.33 for CFPS US$ and $1290M for Net Income for 2018.

October 27, 2018. Last estimates were for 2017, 2018 and 2019 of $11083M, $11259M and $11275M US$ for Revenue,

$3.99, $4.76 and $4.97 for EPS US$, $8.28, $9.50 and $9.33 for CFPS US$, $1162M and $1290M US$ for 2017 and 2018.

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.

October 11, 2016 – Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) (“Molson Coors” or “the Company”) today

announced the successful completion of its previously announced acquisition of SABMiller plc’s (LSE: SAB; JSE: SAB) (“SABMiller”)

58% stake in MillerCoors LLC (“MillerCoors”), the joint venture formed in the United States and Puerto Rico by both companies in 2008.

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)

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.

February 2005. Molson Inc (TSX: MOL.A) and Adolph Coors Company (NYSE: RKY) form Molson Coors Brewing Company.

Canadian values go from MOL.A (2004) to TPX.B (2005); US Values are those given for TAP

The Molson Coors Beverage Company (formerly Molson Coors Brewing Company) is a partly Canadian-owned enterprise and one of the world's largest beer makers.

Its Canadian arm, Molson Coors Canada, is the successor to Molson Breweries, one of the country's oldest companies.

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.

Molson Coors was formed in 2005 through the merger of Molson of Canada, and Coors of the United States

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 Canada Inc is a large brewer and distributor of beer and other malt beverages. Its breweries are located across the U.S.,

Canada, and Europe, with the majority of the company's revenue generated in the Americas.

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

%, Val $M

Change

Date

2017

Oct 27

2018

Oct 19

2019

Oct 18

2020

Oct 9

2021

Oct 10

2022

Oct 8

2023

Oct 6

2024

Oct 9

2025

Goyal, Rahul

0.021

0.01%

#DIV/0!

Officer - Shares B- Amount

$0.963

Options - percentage

0.000

0.00%

#DIV/0!

Options - amount

$0.000

Joubert, Tracey

0.01%

0.026

0.01%

0.029

0.01%

0.037

0.02%

0.049

0.02%

0.055

0.03%

0.061

0.03%

0.082

0.04%

0.171

0.09%

Class B

107.54%

CEO - Shares B - Amount

$1.956

$1.434

$1.578

$1.666

$2.259

$2.833

$3.706

$4.710

$7.839

Class B

Options - percentage

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

US$

#DIV/0!

Options - amount

$0.000

Hattersley, Gavin

0.04%

0.097

0.04%

0.100

0.04%

0.124

0.05%

0.155

0.07%

0.182

0.08%

0.210

0.10%

0.273

0.13%

0.348

0.18%

was CFO before 2016

27.52%

Officer - Shares B- Amount

$6.730

$5.432

$5.391

$5.596

$7.206

$9.380

$12.843

$15.624

$15.980

is showing as CEO 2019

Options - percentage

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

US$

#DIV/0!

Options - amount

$0.000

Maciolek, Natalie G.

0.021

0.01%

0.033

0.02%

1562.17%

Officer - Shares B - Amount

$1.199

$1.525

Options - percentage

0.000

0.00%

0.000

0.00%

#DIV/0!

Options - amount

$0.000

Whitehead, Philip M.

0.018

0.01%

#DIV/0!

Officer - Shares B - Amount

$0.819

Options - percentage

0.000

0.00%

#DIV/0!

Options - amount

$0.000

St. Jacques, Michelle

0.029

0.01%

0.032

0.01%

0.035

0.02%

0.000

0.00%

0.072

0.04%

#DIV/0!

Officer - Shares B - Amount

$1.331

$1.646

$2.121

$0.000

$3.297

Options - percentage

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

#DIV/0!

Options - amount

$0.000

Cox, Simon

0.034

0.02%

0.041

0.02%

0.049

0.02%

0.049

0.02%

0.049

0.02%

0.049

0.02%

0.049

0.02%

Last Updated Mar 2021

0.00%

Officer - Shares B - Amount

$1.841

$1.873

$2.285

$2.540

$3.017

$2.826

$2.266

Options - percentage

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

#DIV/0!

Options - amount

$0.000

Stelter, Roxanne

0.012

0.01%

#DIV/0!

Officer - Shares B - Amount

$0.535

Options - percentage

0.000

0.00%

#DIV/0!

Options - amount

$0.000

Eaton, Roger G.

0.049

0.02%

0.052

0.03%

5.18%

Director - Shares B - Amount

$2.829

$2.386

Options - percentage

0.000

0.00%

0.000

0.00%

#DIV/0!

Options - amount

$0.000

Coors, Peter H.

6.52%

14.184

6.29%

14.099

6.24%

14.155

6.26%

14.172

6.53%

14.119

6.53%

14.122

6.62%

16.026

7.89%

Was chairman when

-100.00%

Chairman - Shares - Amt

$1,203.573

$796.598

$759.962

$639.684

$656.893

$727.421

$864.400

$918.617

I looked in 2014

Options - percentage

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

Was Vice Chair

#DIV/0!

Options - amount

$0.000

In 2021 Site says he is chair

Molson, Andrew Thomas

0.014

0.01%

0.017

0.01%

0.013

0.01%

0.015

0.01%

0.015

0.01%

0.014

0.01%

0.000

0.00%

Showing Chairman 2019

-100.00%

Chairman - Shares - Amt

$0.748

$0.767

$0.603

$0.751

$0.926

$0.782

$0.000

Showing as Vice Chair 2021

Options - percentage

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

#DIV/0!

Options - amount

$0.000

Molson, Geoffrey E.

0.01%

0.021

0.01%

0.022

0.01%

0.026

0.01%

0.027

0.01%

0.028

0.01%

0.027

0.01%

0.027

0.01%

0.058

0.03%

Ended Chairman May 2017

110.58%

Chairman - Shares - Amt

$1.577

$1.161

$1.210

$1.155

$1.243

$1.462

$1.659

$1.571

$2.653

Showing Director 2021

Options - percentage

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

0.000

0.00%

Showing Vice Chair 2025

#DIV/0!

Options - amount

$0.000

Coors, David S.

0.369

0.18%

0.373

0.19%

1.15%

Chairman - Shares - Amt

$21.150

$17.157

Options - percentage

0.000

0.00%

0.000

0.00%

#DIV/0!

Options - amount

$0.000

Increase in O/S Shares

0.22%

0.500

0.22%

0.700

0.31%

0.200

0.09%

0.400

0.18%

0.300

0.14%

0.300

0.14%

0.400

0.19%

0.800

0.39%

Class B 169.9

due to SO

$48.655

$41.035

$39.312

$10.780

$18.076

$13.905

$15.456

$24.484

$45.856

Book Value

$31.200

$34.400

$45.000

$8.300

$24.200

$32.700

$30.700

$45.100

$43.100

Insider Buying

$0.000

-$0.106

-$0.220

-$0.020

-$0.007

-$0.006

-$0.011

Insider Selling

$2.211

$5.970

$1.590

$3.930

$0.649

$0.000

$0.112

$0.167

$0.283

Net Insider Selling

$2.211

$5.970

$1.590

$3.824

$0.430

-$0.020

$0.105

$0.161

$0.272

% of Market Cap

0.01%

0.03%

0.01%

0.03%

0.00%

Directors

Women

14%

21%

29%

21%

Minorities

14%

Institutions/Holdings

Total Shares Held - TPX.B,TAP

Increase/Decrease

Starting No. of Shares

Institutions/Holdings

51.23%

55.60%

48.78%

52.23%

55.72%

Total Shares Held - TAP

109.638

52.89%

110.849

49.00%

120.627

55.59%

105.732

48.88%

112.925

52.94%

110.163

55.72%

of NYSE A o/s shares

Increase/Decrease

-8.720

-7.37%

1.398

1.28%

-1.959

-1.60%

1.344

1.29%

-5.738

-4.84%

0.747

0.68%

data unavailable 2017

Starting No. of Shares

118.358

Top 20

109.451

Top 20 MS

122.586

Top 20 MS

104.388

Top 20 MS

118.662

Top 20 MS

109.416

Top 20 MS

Institutions/Holdings

88.75%

617

86.35%

766

87.02%

Total Shares Held - TAP

83.55%

168.914

81.48%

167.585

82.47%

of NYSE o/s shares

Increase/Decrease

0.08%

2.497

1.50%

-3.583

-2.09%

Starting No. of Shares

Nasdaq

166.416

Nasdaq

171.168

Nasdaq

Institutions/Holdings

24.05%

1.21%

Total Shares Held -TPX.B

24.04%

0.179

1.21%

of TPX B o/s shares

Increase/Decrease

-0.66%

0.000

-0.23%

Starting No. of Shares

Reuters

0.179

Reuters