Company Valuation: The Coca-Cola Company

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 235,671 255,753 275,082 254,779 268,203 338,451 338,451 -
Change - 8.52% 7.56% -7.38% 5.27% 26.19% 0% -
Enterprise Value (EV) 1 267,550 285,889 302,600 283,180 298,154 330,411 366,984 365,811
Change - 6.85% 5.85% -6.42% 5.29% 10.82% -0.82% -0.32%
P/E ratio 30.6x 26.3x 29x 23.9x 25.3x 23x 24.3x 22.9x
PBR 12.2x 11.2x 11.4x 9.86x 10.8x 9.35x 9.16x 8.3x
PEG - 1x -10.88x 1.9x -62.49x 1x 3.38x 3.61x
Capitalization / Revenue 7.14x 6.62x 6.39x 5.56x 5.72x 6.26x 6.91x 6.72x
EV / Revenue 8.11x 7.4x 7.03x 6.19x 6.36x 6.87x 7.5x 7.27x
EV / EBITDA 23.7x 22.8x 22.2x 19.6x 19.7x 20.6x 21x 19.9x
EV / EBIT 27.4x 25.7x 24.5x 21.2x 21.2x 22x 22.8x 21.3x
EV / FCF 30.9x 25.4x 31.7x 29.1x 62.9x 62.4x 30.3x 27.3x
FCF Yield 3.24% 3.94% 3.15% 3.44% 1.59% 1.6% 3.3% 3.67%
Dividend per Share 2 1.64 1.68 1.76 1.84 1.94 2.028 2.126 2.239
Rate of return 2.99% 2.84% 2.77% 3.12% 3.12% 2.58% 2.7% 2.85%
EPS 2 1.79 2.25 2.19 2.47 2.46 3.04 3.235 3.44
Distribution rate 91.6% 74.7% 80.4% 74.5% 78.9% 67.2% 65.7% 65.1%
Net sales 1 32,999 38,658 43,046 45,784 46,897 48,062 48,945 50,342
EBITDA 1 11,306 12,561 13,605 14,464 15,160 16,063 17,463 18,415
EBIT 1 9,770 11,109 12,345 13,336 14,085 15,013 16,127 17,154
Net income 1 7,747 9,771 9,542 10,714 10,631 13,107 13,843 14,671
Net Debt 1 31,879 30,136 27,518 28,401 29,951 29,686 28,534 27,360
Reference price 2 54.84 59.21 63.61 58.93 62.26 78.68 78.68 78.68
Nbr of stocks (in thousands) 4,297,435 4,319,420 4,324,513 4,323,414 4,307,797 4,301,609 4,301,609 -
Announcement Date 10/02/21 10/02/22 14/02/23 13/02/24 11/02/25 10/02/26 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.07x7.67x22.92x2.58% 338B
16.89x3.33x11.29x3.12% 40.34B
20.37x1.81x11.77x2.18% 23.31B
17.27x1.54x7.65x4.05% 20.76B
50.26x7.02x29.65x0.38% 16.78B
14.92x1.87x11.37x4.39% 12.88B
114.8x4.67x19x-.--% 11.52B
17.22x0.8x5.83x2.49% 9.8B
22.37x1.74x7.99x2.13% 6.86B
Average 33.35x 3.38x 14.16x 2.37% 53.41B
Weighted average by Cap. 27.08x 6.28x 20.01x 2.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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