Company Valuation: The Coca-Cola Company

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 235,671 255,753 275,082 254,779 268,203 301,113 - -
Change - 8.52% 7.56% -7.38% 5.27% 12.27% - -
Enterprise Value (EV) 1 267,550 285,889 302,600 283,180 298,154 332,649 332,082 331,221
Change - 6.85% 5.85% -6.42% 5.29% 11.57% -0.17% -0.26%
P/E ratio 30.6x 26.3x 29x 23.9x 25.3x 23.2x 21.6x 20.3x
PBR 12.2x 11.2x 11.4x 9.86x 10.8x 10.3x 9.34x 8.44x
PEG - 1x -10.88x 1.9x -62.49x 1x 2.9x 3.28x
Capitalization / Revenue 7.14x 6.62x 6.39x 5.56x 5.72x 6.24x 5.95x 5.73x
EV / Revenue 8.11x 7.4x 7.03x 6.19x 6.36x 6.89x 6.56x 6.3x
EV / EBITDA 23.7x 22.8x 22.2x 19.6x 19.7x 20.6x 18.9x 17.7x
EV / EBIT 27.4x 25.7x 24.5x 21.2x 21.2x 22x 20.5x 19.2x
EV / FCF 30.9x 25.4x 31.7x 29.1x 62.9x 76.5x 27.9x 25.2x
FCF Yield 3.24% 3.94% 3.15% 3.44% 1.59% 1.31% 3.58% 3.97%
Dividend per Share 2 1.64 1.68 1.76 1.84 1.94 2.03 2.124 2.24
Rate of return 2.99% 2.84% 2.77% 3.12% 3.12% 2.9% 3.03% 3.2%
EPS 2 1.79 2.25 2.19 2.47 2.46 3.018 3.243 3.444
Distribution rate 91.6% 74.7% 80.4% 74.5% 78.9% 67.3% 65.5% 65.1%
Net sales 1 32,999 38,658 43,046 45,784 46,897 48,269 50,607 52,556
EBITDA 1 11,306 12,561 13,605 14,464 15,160 16,147 17,589 18,748
EBIT 1 9,770 11,109 12,345 13,336 14,085 15,143 16,187 17,283
Net income 1 7,747 9,771 9,542 10,714 10,631 12,900 13,872 14,610
Net Debt 1 31,879 30,136 27,518 28,401 29,951 31,537 30,970 30,108
Reference price 2 54.84 59.21 63.61 58.93 62.26 70.00 70.00 70.00
Nbr of stocks (in thousands) 4,297,435 4,319,420 4,324,513 4,323,414 4,307,797 4,301,609 - -
Announcement Date 2/10/21 2/10/22 2/14/23 2/13/24 2/11/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.2x6.89x20.6x2.9% 301B
16.36x3.26x11x3.23% 38.98B
53.91x7.48x31.84x0.31% 18.04B
15.94x1.45x9.4x2.77% 17.85B
15.09x1.38x6.81x4.59% 17.42B
12.98x1.71x10.63x5.3% 10.9B
77.13x4.47x18.16x-.--% 10.84B
16.58x0.79x5.69x2.51% 9.55B
14.36x1.59x7.29x2.52% 5.88B
Average 27.28x 3.22x 13.49x 2.68% 47.84B
Weighted average by Cap. 24.07x 5.74x 18.35x 2.86%
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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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