COCA COLA CO
340.0B
·Mkt Cap
26.2x
·P/E
$79.03
+$0.52 (+0.66%)
In this report, the terms “The Coca-Cola Company,” “Company,” “we,” “us” and “our” mean The Coca-Cola Company and all entities included in our consolidated financial statements. The Coca-Cola Company is a total beverage company, and beverage products bearing our trademarks, sold in the United States since 1886, are now sold in more than 200 countries and territories. We own or license and market numerous beverage brands, which we group into the following categories: Trademark Coca-Cola; sparkling flavors; water, sports, coffee and tea; juice, value-added dairy and plant-based beverages; and emerging beverages. We own and market several of the world’s largest nonalcoholic sparkling soft drink brands, including Coca-Cola, Sprite, Coca-Cola Zero Sugar, Fanta and Diet Coke/Coca-Cola Light.
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|---|
| Earnings Power | |||||||||
| Revenue | 35.4B | 34.3B | 37.3B | 33.0B | 38.7B | 43.0B | 45.8B | 47.1B | 47.7B |
| Net Income | 1.2B | 6.4B | 8.9B | 7.7B | 9.8B | 9.5B | 10.7B | 10.6B | 13.0B |
| Owner Earnings | 5.5B | 6.3B | 8.9B | 8.2B | 10.8B | 9.4B | 10.2B | 5.4B | 6.2B |
| Non-Recurring | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| Gross Margin | 62.6% | 61.9% | 60.8% | 59.3% | 60.3% | 58.1% | 59.5% | 61.1% | 61.6% |
| Op. Margin | 21.5% | 26.7% | 27.1% | 27.3% | 26.7% | 25.4% | 24.7% | 21.2% | 30.7% |
| Net Margin | 3.5% | 18.8% | 23.9% | 23.5% | 25.3% | 22.2% | 23.4% | 22.6% | 27.3% |
| Returns on Capital | |||||||||
| ROE | 7.3% | 37.9% | 47.0% | 40.1% | 42.5% | 39.6% | 41.3% | 41.9% | 41.7% |
| ROA | 1.4% | 7.7% | 10.3% | 8.9% | 10.4% | 10.3% | 11.0% | 10.7% | 12.3% |
| ROIC | 3.5% | 21.6% | 16.1% | 13.4% | 14.8% | 17.7% | 60.2% | 57.7% | 62.4% |
| Cash Flow | |||||||||
| Free Cash Flow | 5.3B | 6.1B | 8.4B | 8.7B | 11.3B | 9.5B | 9.7B | 4.7B | 5.6B |
| CapEx | 1.7B | 1.5B | 2.1B | 1.2B | 1.4B | 1.5B | 1.9B | 2.1B | 2.0B |
| Maint. CapEx | 1.3B | 1.1B | 1.4B | 1.5B | 1.5B | 1.3B | 1.1B | 1.1B | 1.1B |
| Growth CapEx | 415M | 462M | 689M | 0 | 0 | 224M | 724M | 989M | 958M |
| CapEx/OCF | 24.2% | 20.3% | 19.6% | 12.0% | 10.8% | 13.5% | 16.0% | 30.3% | 26.7% |
| D&A | 1.3B | 1.1B | 1.4B | 1.5B | 1.5B | 1.3B | 1.1B | 1.1B | 1.1B |
| Capital Allocation | |||||||||
| Op. Cash Flow | 6.9B | 7.6B | 10.5B | 9.8B | 12.6B | 11.0B | 11.6B | 6.8B | 7.6B |
| Dividends Paid | 6.3B | 6.6B | 6.8B | 7.0B | 7.3B | 7.6B | 8.0B | 8.4B | 8.5B |
| Share Buybacks | 3.7B | 1.9B | 1.1B | 118M | 111M | 1.4B | 2.3B | 1.8B | 1.8B |
| Buyback Yield | 2.4% | 1.2% | 0.6% | 0.1% | 0.0% | 0.6% | 1.0% | 0.7% | 0.5% |
| Debt Repayment | 28.8B | 30.6B | 24.9B | 28.8B | 12.9B | 4.9B | 5.0B | 9.5B | 9.5B |
| Stock-Based Comp | 219M | 225M | 201M | 126M | 337M | 356M | 254M | 286M | 286M |
| Balance Sheet | |||||||||
| Total Assets | 87.9B | 83.2B | 86.4B | 87.3B | 94.4B | 92.8B | 97.7B | 100.5B | 106.0B |
| Intangibles | 9.4B | 14.1B | 16.8B | 17.5B | 19.4B | 18.8B | 18.4B | 18.1B | 18.1B |
| Total Liabilities | 70.8B | 66.2B | 67.4B | 68.0B | 71.4B | 68.7B | 71.8B | 75.7B | 17.7B |
| Equity | 17.1B | 17.0B | 19.0B | 19.3B | 23.0B | 24.1B | 25.9B | 24.9B | 31.2B |
| Net Debt | 23.2B | 16.3B | 33.1B | 34.2B | 31.8B | 26.2B | -10.4B | -12.2B | -12.0B |
| Long-Term Debt | 31.2B | 25.4B | 27.5B | 40.1B | 38.1B | 36.4B | 2.0B | 648M | N/A |
| Debt/Equity | 2.02 | 1.79 | 2.25 | 2.22 | 1.86 | 1.53 | 0.08 | 0.03 | 0.06 |
| Interest Coverage | 9.0 | 9.6 | 10.7 | 6.3 | 6.5 | 12.4 | 7.4 | 6.0 | 6.0 |
| Working Capital | 9.4B | -3.9B | -6.6B | 4.6B | 2.6B | 2.9B | 3.2B | 748M | 748M |
| Current Assets | 36.5B | 24.9B | 20.4B | 19.2B | 22.5B | 22.6B | 26.7B | 26.0B | 26.0B |
| Current Liabilities | 27.2B | 28.8B | 27.0B | 14.6B | 19.9B | 19.7B | 23.6B | 25.2B | 25.2B |
| Retained Earnings | 60.4B | 63.2B | 65.9B | 66.6B | 69.1B | 71.0B | 73.8B | 76.1B | 76.1B |
| Per Share Data | |||||||||
| Avg. Price | 33.91 | 35.93 | 41.53 | 42.16 | 47.13 | 55.38 | 55.46 | 61.13 | 79.03 |
| EPS | 0.29 | 1.50 | 2.07 | 1.79 | 2.25 | 2.19 | 2.47 | 2.46 | 3.02 |
| Owner EPS | 1.27 | 1.47 | 2.07 | 1.89 | 2.50 | 2.16 | 2.36 | 1.26 | 1.45 |
| Book Value | 3.97 | 3.96 | 4.40 | 4.46 | 5.30 | 5.53 | 5.98 | 5.75 | 7.26 |
| Cash Flow/Share | 1.61 | 1.78 | 2.43 | 2.27 | 2.91 | 2.53 | 2.67 | 1.57 | 3.28 |
| Dividends/Share | 1.47 | 1.55 | 1.59 | 1.63 | 1.67 | 1.75 | 1.83 | 1.93 | 1.97 |
| Shares Out. | 4.3B | 4.3B | 4.3B | 4.3B | 4.3B | 4.4B | 4.3B | 4.3B | 4.3B |
| Valuation | |||||||||
| P/E Ratio | 122.9 | 25.4 | 22.2 | 26.0 | 23.2 | 26.5 | 22.4 | 24.7 | 26.2 |
| Price/Book | 9.0 | 9.6 | 10.5 | 10.4 | 9.9 | 10.5 | 9.3 | 10.5 | 10.9 |
| Price/Sales | 4.1 | 4.5 | 4.8 | 5.5 | 5.3 | 5.6 | 5.3 | 5.6 | 7.1 |
| EV/EBIT | 23.2 | 19.6 | 22.9 | 26.2 | 25.1 | 25.6 | 20.3 | 25.0 | 22.4 |
| FCF Yield | 3.4% | 3.7% | 4.2% | 4.3% | 5.0% | 3.8% | 4.1% | 1.8% | 1.6% |
| Market Cap | 153.3B | 163.2B | 198.4B | 201.7B | 226.9B | 253.1B | 240.2B | 262.1B | 340.0B |
| Year-End Price | 35.63 | 38.06 | 46.04 | 46.60 | 52.25 | 58.09 | 55.38 | 60.66 | 79.03 |