Financials The Coca-Cola Company

Equities

KO

US1912161007

Non-Alcoholic Beverages

Market Closed - Nyse Other stock markets 21:00:02 20/06/2025 BST			Pre-market 13:48:54
68.84 ^USD	-0.53%		68.88	+0.07%

06-19	The Coca-Cola Company, Q1 2025 Earnings Call, Apr 29, 2025
06-19	Unifor Says Local 973 Members Ratify New Collective Agreement With Coca-Cola	RE

Projected Income Statement: The Coca-Cola Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	32,999	38,658	43,046	45,784	46,897	48,124	50,658	53,543
Change	-	17.15%	11.35%	6.36%	2.43%	2.62%	5.27%	5.7%
EBITDA ¹	11,306	12,561	13,605	14,464	15,160	16,235	17,412	18,604
Change	-	11.1%	8.31%	6.31%	4.81%	7.09%	7.25%	6.84%
EBIT ¹	9,770	11,109	12,345	13,336	14,085	14,956	16,027	17,142
Change	-	13.71%	11.13%	8.03%	5.62%	6.18%	7.17%	6.96%
Interest Paid ¹	-1,437	-776	-906	-1,552	-1,656	-1,637	-1,650	-1,598
Earnings before Tax (EBT) ¹	9,749	12,425	11,686	12,952	13,086	15,553	16,538	18,203
Change	-	27.45%	-5.95%	10.83%	1.03%	18.85%	6.33%	10.07%
Net income ¹	7,747	9,771	9,542	10,714	10,631	12,402	13,279	14,421
Change	-	26.13%	-2.34%	12.28%	-0.77%	16.66%	7.07%	8.6%
Announcement Date	10/02/21	10/02/22	14/02/23	13/02/24	11/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	7,150	8,648	8,603	9,019	10,125	10,044	9,470	10,502	11,302	11,100	10,195	10,959	11,966	11,911	10,948	11,231	12,313	11,949	11,404	11,216	12,553	12,461	11,919	11,919	13,178	13,103	12,359	12,746
Change	-	20.95%	-0.52%	4.84%	12.26%	-0.8%	-5.71%	10.9%	7.62%	-1.79%	-8.15%	7.49%	9.19%	-0.46%	-8.08%	2.58%	9.63%	-2.96%	-4.56%	-1.65%	11.92%	-0.74%	-4.35%	-0%	10.56%	-0.57%	-5.68%	3.14%
EBITDA ¹	2,535	2,987	2,783	3,160	3,592	3,376	2,433	3,626	3,787	3,565	2,627	3,774	4,061	3,826	2,803	3,905	4,306	3,939	3,010	4,054	4,514	4,303	3,423	4,435	4,824	4,617	3,684	4,929
Change	-	17.83%	-6.83%	13.55%	13.67%	-6.01%	-27.93%	49.03%	4.44%	-5.86%	-26.31%	43.66%	7.6%	-5.79%	-26.74%	39.32%	10.27%	-8.52%	-23.58%	34.68%	11.35%	-4.67%	-20.46%	29.56%	8.77%	-4.29%	-20.21%	33.82%
EBIT ¹	2,154	2,629	2,353	2,794	3,209	3,014	2,092	3,302	3,465	3,258	2,320	3,488	3,780	3,536	2,532	3,643	4,037	3,671	2,734	3,787	4,164	3,932	3,083	4,074	4,458	4,134	3,321	4,516
Change	-	22.05%	-10.5%	18.74%	14.85%	-6.08%	-30.59%	57.84%	4.94%	-5.97%	-28.79%	50.34%	8.37%	-6.46%	-28.39%	43.88%	10.82%	-9.07%	-25.52%	38.51%	9.97%	-5.58%	-21.58%	32.12%	9.43%	-7.27%	-19.68%	36.01%
Charge d'intérêts ¹	-274	-255	-310	-195	-194	-216	-171	-188	-198	-198	-310	-372	-374	-368	-413	-382	-424	-425	-431	-387	-419.8	-416.4	-409.8	-400.4	-396.2	-392	-387.9	-
Earnings before Tax (EBT) ¹	2,197	2,181	2,361	2,763	3,618	3,084	2,960	3,458	2,284	3,444	2,500	4,053	2,880	3,537	2,482	3,872	3,028	3,380	2,806	4,057	4,436	4,230	3,148	4,354	4,808	4,621	3,456	4,853
Change	-	-0.73%	8.25%	17.03%	30.94%	-14.76%	-4.02%	16.82%	-33.95%	50.79%	-27.41%	62.12%	-28.94%	22.81%	-29.83%	56%	-21.8%	11.62%	-16.98%	44.58%	9.35%	-4.65%	-25.58%	38.31%	10.43%	-3.9%	-25.21%	40.44%
Net income ¹	1,779	1,737	1,456	2,245	2,641	2,471	2,414	2,781	1,905	2,825	2,031	3,107	2,547	3,087	1,973	3,177	2,411	2,848	2,195	3,330	3,601	3,423	2,575	3,343	3,757	3,621	2,748	-
Change	-	-2.36%	-16.18%	54.19%	17.64%	-6.44%	-2.31%	15.2%	-31.5%	48.29%	-28.11%	52.98%	-18.02%	21.2%	-36.09%	61.02%	-24.11%	18.13%	-22.93%	51.71%	8.13%	-4.93%	-24.78%	29.81%	12.38%	-3.61%	-24.12%	-
Announcement Date	21/07/20	22/10/20	10/02/21	19/04/21	21/07/21	27/10/21	10/02/22	25/04/22	26/07/22	25/10/22	14/02/23	24/04/23	26/07/23	24/10/23	13/02/24	30/04/24	23/07/24	23/10/24	11/02/25	29/04/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: The Coca-Cola Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	31,879	30,136	27,518	28,401	29,951	33,324	33,123	32,137
Change	-	-5.47%	-8.69%	3.21%	5.46%	11.26%	-0.6%	-2.98%
Announcement Date	10/02/21	10/02/22	14/02/23	13/02/24	11/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: The Coca-Cola Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,177	1,367	1,484	1,852	2,064	2,142	2,207	2,260
Change	-	16.14%	8.56%	24.8%	11.45%	3.79%	3.01%	2.42%
Free Cash Flow (FCF) ¹	8,667	11,258	9,534	9,747	4,741	4,643	12,482	13,339
Change	-	29.9%	-15.31%	2.23%	-51.36%	-2.06%	168.83%	6.86%
Announcement Date	10/02/21	10/02/22	14/02/23	13/02/24	11/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: The Coca-Cola Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	34.26%	32.49%	31.61%	31.59%	32.33%	33.74%	34.37%	34.75%
EBIT Margin (%)	29.61%	28.74%	28.68%	29.13%	30.03%	31.08%	31.64%	32.02%
EBT Margin (%)	29.54%	32.14%	27.15%	28.29%	27.9%	32.32%	32.65%	34%
Net margin (%)	23.48%	25.28%	22.17%	23.4%	22.67%	25.77%	26.21%	26.93%
FCF margin (%)	26.26%	29.12%	22.15%	21.29%	10.11%	9.65%	24.64%	24.91%
FCF / Net Income (%)	111.88%	115.22%	99.92%	90.97%	44.6%	37.44%	94%	92.49%
Profitability
ROA	8.92%	10.76%	11.55%	12.2%	12.57%	12.63%	13.15%	13.68%
ROE	40.48%	47.69%	40.51%	46.6%	49.07%	49.16%	48.9%	47.39%
Financial Health
Leverage (Debt/EBITDA)	2.82x	2.4x	2.02x	1.96x	1.98x	2.05x	1.9x	1.73x
Debt / Free cash flow	3.68x	2.68x	2.89x	2.91x	6.32x	7.18x	2.65x	2.41x
Capital Intensity
CAPEX / Current Assets (%)	3.57%	3.54%	3.45%	4.05%	4.4%	4.45%	4.36%	4.22%
CAPEX / EBITDA (%)	10.41%	10.88%	10.91%	12.8%	13.61%	13.19%	12.67%	12.15%
CAPEX / FCF (%)	13.58%	12.14%	15.57%	19%	43.54%	46.14%	17.68%	16.94%
Items per share
Cash flow per share ¹	2.277	2.909	2.533	2.673	1.575	1.802	3.355	3.797
Change	-	27.75%	-12.93%	5.54%	-41.07%	14.43%	86.13%	13.18%
Dividend per Share ¹	1.64	1.68	1.76	1.84	1.94	2.033	2.126	2.246
Change	-	2.44%	4.76%	4.55%	5.43%	4.81%	4.54%	5.67%
Book Value Per Share ¹	4.486	5.299	5.57	5.979	5.754	6.107	6.814	7.692
Change	-	18.13%	5.1%	7.35%	-3.76%	6.13%	11.59%	12.88%
EPS ¹	1.79	2.25	2.19	2.47	2.46	2.898	3.121	3.398
Change	-	25.7%	-2.67%	12.79%	-0.4%	17.82%	7.68%	8.88%
Nbr of stocks (in thousands)	4,297,435	4,319,420	4,324,513	4,323,414	4,307,797	4,304,267	4,304,267	4,304,267
Announcement Date	10/02/21	10/02/22	14/02/23	13/02/24	11/02/25	-	-	-