Coca-Cola Company
Exchange: NYSESector: Consumer DefensiveIndustry: Beverages - Non-Alcoholic
The Coca-Cola Company is a total beverage company with products sold in more than 200 countries and territories. Our company's purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide, including alcohol ready-to-drink. Our portfolio of sparkling soft drink brands includes Coca-Cola, Sprite and Fanta. Our hydration, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak and Ayataka. Our nutrition, juice, dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle and fairlife. We're constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people's lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide.
Did you know?
KO's revenue grew at a 4.3% CAGR over the last 6 years.
Current Price
$76.72
+0.84%GoodMoat Value
$60.75
20.8% overvaluedProfile
Valuation (TTM)
Market Cap$330.02B
P/E25.18
EV$352.78B
P/B10.26
Shares Out4.30B
P/Sales6.88
Revenue$47.94B
EV/EBITDA19.26
Coca-Cola Company (KO) Stock Analysis
GoodMoat Analysis
Coca-Cola possesses a world-class brand and distribution moat, but its current valuation appears demanding relative to its low-single-digit growth. The stock trades at a premium to the GoodMoat target price, suggesting a limited margin of safety for a value investor.
Read full analysis
Coca-Cola is a global beverage giant with a portfolio of over 200 brands, anchored by its flagship Coca-Cola product. Its primary competitive advantages, as assessed through the GoodMoat framework, are its powerful brand and culture (criterion #6) and its immense scale privilege in global distribution (#8). The company's brand is arguably one of the most recognized in the world, and its bottling and distribution network is exceptionally difficult for new entrants to replicate. Applying the Decision Framework, the business likely passes the initial Moat & Quality Gate with a strong moat score. However, the valuation assessment presents a significant hurdle. The stock trades at a P/E of 24.7x, which is high for a company with only 2.4% YoY revenue growth. The provided GoodMoat Target price of $60.75 implies the current price of $75.25 is approximately 24% above that fair value estimate, placing it in the 'Unfavourable' band per the framework's DCF-based Margin of Safety thresholds. While the company exhibits strong profitability (40.7% ROE) and offers a dividend, the combination of elevated valuation, modest growth, and high debt-to-equity ratio of 1.41 warrants a cautious view for value investors seeking a significant margin of safety. Further investigation would require a high-conviction belief in accelerating growth or a materially lower entry price. Analysis based on data as of 2024-05-15.
Market Cap$330.02B
Current Price$76.72
P/E Ratio25.18
Forward P/E—
PEG Ratio6.42
EPS$3.04
Book Value$7.48
P/B Ratio10.26
KO Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use -9.1% FCF growth (CAGR)
Cash vs Debt
Net Debt: 31.6B
Revenue
37.3B
FY19
33.0B
FY20
38.7B
FY21
43.0B
FY22
45.8B
FY23
47.1B
FY24
47.9B
FY25
Net Income
8.9B
FY19
7.7B
FY20
9.8B
FY21
9.5B
FY22
10.7B
FY23
10.6B
FY24
13.1B
FY25
KO 52-Week Range
$64.76
$81.00
50-Day MA: $76.71200-Day MA: $70.41
Did you know?
KO's revenue grew at a 4.3% CAGR over the last 6 years.
Coca-Cola Company (KO) Financial Summary
Coca-Cola Company (KO) is a Consumer Defensive company in the Beverages - Non-Alcoholic industry, listed on NYSE. The stock currently trades at $76.72 with a market capitalization of $330.02B.
Key valuation metrics include a P/E ratio of 25.18, price-to-book ratio of 10.26, and EPS of $3.04. The company reports a profit margin of 27.3% and return on equity of 40.7%.
KO Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $330.02B |
| P/E Ratio | 25.18 |
| EPS | $3.04 |
| P/B Ratio | 10.26 |
| P/S Ratio | 6.88 |
| EV/EBITDA | 19.26 |
| Dividend Yield | 2.66% |
| Profit Margin | 27.3% |
| Return on Equity | 40.7% |
| Debt/Equity | 1.41 |
KO Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $37.27B | $8.92B |
| FY20 | $33.01B | $7.75B |
| FY21 | $38.66B | $9.77B |
| FY22 | $43.00B | $9.54B |
| FY23 | $45.75B | $10.71B |
| FY24 | $47.06B | $10.63B |
| FY25 | $47.94B | $13.11B |
Coca-Cola Company (KO) Valuation
Based on GoodMoat's DCF model, Coca-Cola Company has a fair value estimate of $60.75. At the current price of $76.72, the stock appears 26.3% overvalued relative to our intrinsic value estimate.
KO Quality Indicators
Coca-Cola Company maintains a profit margin of 27.3% and an operating margin of 28.7%. Return on equity stands at 40.7%. The current ratio is 1.46. Debt-to-equity ratio is 1.41.
About Coca-Cola Company
The Coca-Cola Company is a total beverage company with products sold in more than 200 countries and territories. Our company's purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide, including alcohol ready-to-drink. Our portfolio of sparkling soft drink brands includes Coca-Cola, Sprite and Fanta. Our hydration, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak and Ayataka. Our nutrition, juice, dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle and fairlife. We're constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people's lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide.
KO Free Cash Flow
Coca-Cola Company generated $5.31B in trailing twelve-month free cash flow, representing an FCF yield of 1.61%. This low FCF yield may reflect heavy reinvestment or growth spending.
KO Shares Outstanding
Coca-Cola Company has 4.30 billion shares outstanding at a share price of $76.72, giving it a market capitalization of $330.02B.
KO Recent Insider Trades
Recent insider transactions at Coca-Cola Company include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Douglas Monica Howard (Executive Vice President) | SELL | 23,880 | $1.85M |
| QUAN NANCY (Executive Vice President) | SELL | 23,556 | $1.87M |
| Quincey James (Chairman and CEO) | SELL | 688 | $54387.91 |