Coca Cola Co

Consumer Staples
Beverages (Production/Distribution)
www.coca-colacompany.com

Earnings Score
Moat Score
Safety Score

Market Cap $269.44B
PE 26
Debt $45.13B
Cash $14.16B
EV $300.40B
FCF $3.41B

Earnings

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Sales & Net Margins

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Earnings	$10.42B
EBIT	$12.76B
ROE	37%
ROA	12%
FCF	$3.41B
Equity	$28.15B
Growth Stability	18%
PE	25.85
PEG	4.55
PB	9.57
P/FCF	78.97
P/S	5.81
Price/Cash	0.05
Debt/Equity	1.6
Debt/FCF	13.23
Net Margins	24%
Gross Margins	60%
Op. Margins	28%
Earnings CAGR	12%
Sales Growth YoY	-1%
Sales Growth QoQ	-4%
Sales CAGR	2%
FCF CAGR	5%
Equity CAGR	1%
Earnings Stability	0.32
Earnings Growth YoY	-8%
Earnings Growth QoQ	18%
Earnings CAGR 5Y	6%

Sales CAGR 5Y	8%
FCF CAGR 5Y	-2%
Equity CAGR 5Y	8%
Earnings CAGR 3Y	7%
Sales CAGR 3Y	7%
FCF CAGR 3Y	-18%
Equity CAGR 3Y	5%
Market Cap	$269.44B
Revenue	$46.37B
Dividend Yield	3%
Payout Ratio	79%
Assets	$106.27B
Total Debt	$45.13B
Cash	$14.16B
Shares Outstanding	4.3B
EV	300.4B
Earnings Score	18%
Moat Score	96%
Safety Score	42%
Final Score	52%
Working Capital	1.72B
Current Ratio	1.06
Gross Profit	$28.02B
Shares Growth 3y	-0%
Equity Growth QoQ	3%
Equity Growth YoY	1%

Assets & ROA

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Stockholders Equity & ROE

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Coca-Cola is the largest nonalcoholic beverage entity in the world, owning and marketing some of the leading carbonated beverage brands, such as Coke, Fanta, and Sprite, as well as nonsparkling brands, such as Minute Maid, Georgia Coffee, Costa, and Glaceau. Operationally, the firm focuses its manufacturing efforts early in the supply chain, making the concentrate (or beverage bases) for its drinks that are then processed and distributed by its network of more than 100 bottlers. Concentrate operations represent roughly 85% of the company's unit case volume.

SEC Filings

Direct access to Coca Cola Co (KO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 27
- 10-Q Jun 28
- 10-Q Mar 29
2023
- 10-K Dec 31
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01

Sector Comparison

How does Coca Cola Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Coca Cola Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 12%

Stability 32%

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Coca Cola Co Discounted Cash Flow

Fully customizable DCF calculator online for Coca Cola Co.

Years

Calculation mode

= $49B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$3.4B	$3.6B	$3.8B	$4B	$4.2B	$4.4B	$4.6B	$4.9B	$5.2B	$5.4B	$5.7B	$57B
DCF		$3.3B	$3.1B	$3B	$2.9B	$2.7B	$2.6B	$2.5B	$2.4B	$2.3B	$2.2B	$22B
Value	$49B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	15%	17%	16%	4%	20%	24%	23%	25%	22%	23%	24%
ROA	-	11%	10%	9%	10%	12%	11%	13%	13%	13%	12%
ROE	-	29%	28%	7%	34%	42%	36%	39%	37%	39%	37%

Good Net Margins (23.75%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	4.23	5.62	8.96	7.29	5.08	4.94	3.8	4.11	4.05	13.23
Debt over Equity	0.86	1.31	1.58	2.51	2.29	2.03	2.01	1.72	1.52	1.44	1.6
Growth Stability	-	-	-	18%	100%	100%	100%	100%	100%	100%	18%

Bad Debt/FCF ratio (13.23)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (1.6)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (18%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-4%	-5%	-15%	-10%	17%	-11%	17%	11%	6%	8%
Earnings YoY growth	-	4%	-11%	-81%	416%	39%	-13%	26%	-2%	12%	6%
Equity YoY growth	-	-16%	-10%	-18%	0%	11%	1%	17%	4%	6%	8%
FCF YoY growth	-	-3%	-18%	-19%	12%	41%	3%	30%	-15%	2%	-2%