COCA-COLA CONSOLIDATED INC (COKE) Stock Fundamental Analysis
NASDAQ:COKE - Nasdaq - US1910981026 - Common Stock - Currency: USD
Overall COKE gets a fundamental rating of 5 out of 10. We evaluated COKE against 32 industry peers in the Beverages industry. Both the health and profitability get an excellent rating, making COKE a very profitable company, without any liquidiy or solvency issues. COKE does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
COKE had positive earnings in the past year.
In the past year COKE had a positive cash flow from operations.
In the past 5 years COKE has always been profitable.
COKE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
COKE has a Return On Assets of 11.92%. This is amongst the best in the industry. COKE outperforms 84.38% of its industry peers.
COKE has a better Return On Equity (44.66%) than 93.75% of its industry peers.
COKE has a better Return On Invested Capital (16.93%) than 87.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for COKE is above the industry average of 13.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.92% | ||
| ROE | 44.66% | ||
| ROIC | 16.93% |
ROA(3y)11.01%
ROA(5y)8.78%
ROE(3y)37.23%
ROE(5y)34.39%
ROIC(3y)17.65%
ROIC(5y)14.87%
1.3 Margins
The Profit Margin of COKE (9.18%) is comparable to the rest of the industry.
COKE's Profit Margin has improved in the last couple of years.
COKE has a Operating Margin (13.34%) which is in line with its industry peers.
COKE's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 39.90%, COKE is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of COKE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.34% | ||
| PM (TTM) | 9.18% | ||
| GM | 39.9% |
OM growth 3Y19.1%
OM growth 5Y27.48%
PM growth 3Y39.11%
PM growth 5Y107.91%
GM growth 3Y4.34%
GM growth 5Y2.89%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), COKE is creating value.
The number of shares outstanding for COKE has been reduced compared to 1 year ago.
Compared to 5 years ago, COKE has less shares outstanding
Compared to 1 year ago, COKE has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.29 indicates that COKE is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.29, COKE is in the better half of the industry, outperforming 71.88% of the companies in the same industry.
The Debt to FCF ratio of COKE is 3.54, which is a good value as it means it would take COKE, 3.54 years of fcf income to pay off all of its debts.
COKE's Debt to FCF ratio of 3.54 is amongst the best of the industry. COKE outperforms 81.25% of its industry peers.
A Debt/Equity ratio of 1.02 is on the high side and indicates that COKE has dependencies on debt financing.
COKE has a Debt to Equity ratio (1.02) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 3.54 | ||
| Altman-Z | 4.29 |
ROIC/WACC2.01
WACC8.44%
2.3 Liquidity
COKE has a Current Ratio of 1.94. This is a normal value and indicates that COKE is financially healthy and should not expect problems in meeting its short term obligations.
COKE has a better Current ratio (1.94) than 65.63% of its industry peers.
A Quick Ratio of 1.69 indicates that COKE should not have too much problems paying its short term obligations.
The Quick ratio of COKE (1.69) is better than 84.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 51.43% over the past year.
COKE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 50.15% yearly.
The Revenue has been growing slightly by 3.70% in the past year.
The Revenue has been growing slightly by 7.41% on average over the past years.
EPS 1Y (TTM)51.43%
EPS 3Y32.54%
EPS 5Y50.15%
EPS Q2Q%35.25%
Revenue 1Y (TTM)3.7%
Revenue growth 3Y7.44%
Revenue growth 5Y7.41%
Sales Q2Q%7.08%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 17.66, which indicates a rather expensive current valuation of COKE.
Compared to the rest of the industry, the Price/Earnings ratio of COKE indicates a somewhat cheap valuation: COKE is cheaper than 68.75% of the companies listed in the same industry.
COKE is valuated rather cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.66 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, COKE is valued a bit cheaper than 68.75% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, COKE is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.84 | ||
| EV/EBITDA | 10.41 |
4.3 Compensation for Growth
COKE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.35
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
COKE has a yearly dividend return of 0.75%, which is pretty low.
Compared to an average industry Dividend Yield of 3.12, COKE has a dividend in line with its industry peers.
With a Dividend Yield of 0.75, COKE pays less dividend than the S&P500 average, which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.75% |
5.2 History
The dividend of COKE is nicely growing with an annual growth rate of 83.00%!
COKE has been paying a dividend for at least 10 years, so it has a reliable track record.
COKE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)83%
Div Incr Years2
Div Non Decr Years34
5.3 Sustainability
COKE pays out 29.32% of its income as dividend. This is a sustainable payout ratio.
COKE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP29.32%
EPS Next 2YN/A
EPS Next 3YN/A
1323.77
-13.78 (-1.03%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners51.21%
Inst Owner Change5.21%
Ins Owners4.39%
Ins Owner ChangeN/A
Market Cap11.54B
Analysts43.33
Price TargetN/A
Short Float %1.41%
Short Ratio1.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.75% |
Yearly Dividend20.52
Dividend Growth(5Y)83%
DP29.32%
Div Incr Years2
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.66 | ||
| Fwd PE | N/A | ||
| P/S | 1.67 | ||
| P/FCF | 22.84 | ||
| P/OCF | 13.17 | ||
| P/B | 8.14 | ||
| P/tB | 25.45 | ||
| EV/EBITDA | 10.41 |
EPS(TTM)74.94
EY5.66%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)57.95
FCFY4.38%
OCF(TTM)100.5
OCFY7.59%
SpS791.25
BVpS162.57
TBVpS52.02
PEG (NY)N/A
PEG (5Y)0.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.92% | ||
| ROE | 44.66% | ||
| ROCE | 23.01% | ||
| ROIC | 16.93% | ||
| ROICexc | 26.42% | ||
| ROICexgc | 42.35% | ||
| OM | 13.34% | ||
| PM (TTM) | 9.18% | ||
| GM | 39.9% | ||
| FCFM | 7.32% |
ROA(3y)11.01%
ROA(5y)8.78%
ROE(3y)37.23%
ROE(5y)34.39%
ROIC(3y)17.65%
ROIC(5y)14.87%
ROICexc(3y)22.83%
ROICexc(5y)18.15%
ROICexgc(3y)37.03%
ROICexgc(5y)29.78%
ROCE(3y)23.99%
ROCE(5y)20.2%
ROICexcg growth 3Y24%
ROICexcg growth 5Y34.06%
ROICexc growth 3Y26.37%
ROICexc growth 5Y36.2%
OM growth 3Y19.1%
OM growth 5Y27.48%
PM growth 3Y39.11%
PM growth 5Y107.91%
GM growth 3Y4.34%
GM growth 5Y2.89%
F-Score7
Asset Turnover1.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 3.54 | ||
| Debt/EBITDA | 1.29 | ||
| Cap/Depr | 191.45% | ||
| Cap/Sales | 5.38% | ||
| Interest Coverage | 16.41 | ||
| Cash Conversion | 78.66% | ||
| Profit Quality | 79.82% | ||
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.69 | ||
| Altman-Z | 4.29 |
F-Score7
WACC8.44%
ROIC/WACC2.01
Cap/Depr(3y)180.96%
Cap/Depr(5y)149.39%
Cap/Sales(3y)4.98%
Cap/Sales(5y)4.39%
Profit Quality(3y)87.18%
Profit Quality(5y)123.89%
High Growth Momentum
Growth
EPS 1Y (TTM)51.43%
EPS 3Y32.54%
EPS 5Y50.15%
EPS Q2Q%35.25%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.7%
Revenue growth 3Y7.44%
Revenue growth 5Y7.41%
Sales Q2Q%7.08%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y10.29%
EBIT growth 3Y27.97%
EBIT growth 5Y36.93%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-4.36%
FCF growth 3Y12.27%
FCF growth 5Y34.6%
OCF growth 1Y8.1%
OCF growth 3Y18.87%
OCF growth 5Y24.72%