Company Valuation: The Coca-Cola Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,55,753 2,75,082 2,54,779 2,68,203 3,00,725 3,49,964 - -
Change - 7.56% -7.38% 5.27% 12.13% 16.37% - -
Enterprise Value (EV) 1 2,85,889 3,02,600 2,83,180 2,98,154 3,30,411 3,77,268 3,76,147 3,74,899
Change - 5.85% -6.42% 5.29% 10.82% 14.18% -0.3% -0.33%
P/E ratio 26.3x 29x 23.9x 25.3x 23x 24.7x 23.5x 22.2x
PBR 11.2x 11.4x 9.86x 10.8x 9.35x 9.71x 8.82x 7.78x
PEG - -10.88x 1.9x -62.49x 1x 3.01x 4.56x 3.86x
Capitalization / Revenue 6.62x 6.39x 5.56x 5.72x 6.26x 7.13x 6.99x 6.69x
EV / Revenue 7.4x 7.03x 6.19x 6.36x 6.87x 7.69x 7.52x 7.16x
EV / EBITDA 22.8x 22.2x 19.6x 19.7x 20.6x 21.8x 20.6x 19.3x
EV / EBIT 25.7x 24.5x 21.2x 21.2x 22x 23.5x 22.1x 20.8x
EV / FCF 25.4x 31.7x 29.1x 62.9x 62.4x 31.7x 27.9x 26.6x
FCF Yield 3.94% 3.15% 3.44% 1.59% 1.6% 3.15% 3.58% 3.76%
Dividend per Share 2 1.68 1.76 1.84 1.94 - 2.131 2.303 2.446
Rate of return 2.84% 2.77% 3.12% 3.12% - 2.62% 2.83% 3.01%
EPS 2 2.25 2.19 2.47 2.46 3.04 3.289 3.459 3.658
Distribution rate 74.7% 80.4% 74.5% 78.9% - 64.8% 66.6% 66.9%
Net sales 1 38,658 43,046 45,784 46,897 48,062 49,089 50,038 52,342
EBITDA 1 12,561 13,605 14,464 15,160 16,063 17,294 18,271 19,398
EBIT 1 11,109 12,345 13,336 14,085 15,013 16,075 17,032 18,047
Net income 1 9,771 9,542 10,714 10,631 13,107 14,065 14,714 15,445
Net Debt 1 30,136 27,518 28,401 29,951 29,686 27,304 26,184 24,935
Reference price 2 59.21 63.61 58.93 62.26 69.91 81.34 81.34 81.34
Nbr of stocks (in thousands) 43,19,420 43,24,513 43,23,414 43,07,797 43,01,609 43,02,482 - -
Announcement Date 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.($)
24.18x7.53x21.37x2.68% 34TCr
15.15x2.67x11.03x3.07% 4.18TCr
17.49x1.55x9.75x2.57% 2.11TCr
17.18x1.57x7.67x4.19% 2.09TCr
50.46x6.8x29.51x0.37% 1.85TCr
9.93x1.71x9.74x4.76% 1.3TCr
22.81x1.91x8.81x2.08% 841.49Cr
14.7x0.61x4.62x2.83% 824.64Cr
18.79x2.09x8.97x-.--% 715.79Cr
Average 21.19x 2.94x 12.39x 2.51% 5.35TCr
Weighted average by Cap. 23.16x 6.10x 18.67x 2.69%

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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