COCA-COLA CONSOLIDATED INC (COKE) Stock Fundamental Analysis
NASDAQ:COKE - Nasdaq - US1910981026 - Common Stock - Currency: USD
COKE gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 32 industry peers in the Beverages industry. COKE has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. COKE is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year COKE was profitable.
In the past year COKE had a positive cash flow from operations.
In the past 5 years COKE has always been profitable.
Each year in the past 5 years COKE had a positive operating cash flow.
1.2 Ratios
COKE has a better Return On Assets (11.92%) than 84.38% of its industry peers.
COKE has a better Return On Equity (44.66%) than 93.75% of its industry peers.
Looking at the Return On Invested Capital, with a value of 16.93%, COKE belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
COKE had an Average Return On Invested Capital over the past 3 years of 17.65%. This is significantly above the industry average of 12.18%.
| 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
With a decent Profit Margin value of 9.18%, COKE is doing good in the industry, outperforming 62.50% of the companies in the same industry.
In the last couple of years the Profit Margin of COKE has grown nicely.
The Operating Margin of COKE (13.34%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of COKE has grown nicely.
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so COKE is creating value.
Compared to 1 year ago, COKE has less shares outstanding
The number of shares outstanding for COKE has been reduced compared to 5 years ago.
The debt/assets ratio for COKE is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.42 indicates that COKE is not in any danger for bankruptcy at the moment.
COKE has a Altman-Z score of 4.42. This is in the better half of the industry: COKE outperforms 71.88% of its industry peers.
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.
With an excellent Debt to FCF ratio value of 3.54, COKE belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
COKE has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
COKE has a Debt to Equity ratio (1.02) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 3.54 | ||
| Altman-Z | 4.42 |
ROIC/WACC1.99
WACC8.49%
2.3 Liquidity
A Current Ratio of 1.94 indicates that COKE should not have too much problems paying its short term obligations.
The Current ratio of COKE (1.94) is better than 65.63% of its industry peers.
COKE has a Quick Ratio of 1.69. This is a normal value and indicates that COKE is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 1.69, COKE belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
COKE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.43%, which is quite impressive.
Measured over the past years, COKE shows a very strong growth in Earnings Per Share. The EPS has been growing by 50.15% on average per year.
The Revenue has been growing slightly by 3.70% in the past year.
COKE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.41% yearly.
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
With a Price/Earnings ratio of 18.90, COKE is valued on the expensive side.
62.50% of the companies in the same industry are more expensive than COKE, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.29. COKE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.9 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, COKE is valued a bit cheaper than 75.00% of the companies in the same industry.
68.75% of the companies in the same industry are more expensive than COKE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.43 | ||
| EV/EBITDA | 11.13 |
4.3 Compensation for Growth
COKE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.38
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.71%, COKE is not a good candidate for dividend investing.
COKE's Dividend Yield is comparable with the industry average which is at 3.00.
Compared to an average S&P500 Dividend Yield of 2.51, COKE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
5.2 History
On average, the dividend of COKE grows each year by 83.00%, which is quite nice.
COKE has been paying a dividend for at least 10 years, so it has a reliable track record.
COKE has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
The dividend of COKE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP29.32%
EPS Next 2YN/A
EPS Next 3YN/A
1416
+16.08 (+1.15%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners51.21%
Inst Owner Change4.21%
Ins Owners4.39%
Ins Owner ChangeN/A
Market Cap12.35B
Analysts43.33
Price TargetN/A
Short Float %1.28%
Short Ratio1.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
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 | 18.9 | ||
| Fwd PE | N/A | ||
| P/S | 1.79 | ||
| P/FCF | 24.43 | ||
| P/OCF | 14.09 | ||
| P/B | 8.71 | ||
| P/tB | 27.22 | ||
| EV/EBITDA | 11.13 |
EPS(TTM)74.94
EY5.29%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)57.95
FCFY4.09%
OCF(TTM)100.5
OCFY7.1%
SpS791.25
BVpS162.57
TBVpS52.02
PEG (NY)N/A
PEG (5Y)0.38
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 | 4.42 |
F-Score7
WACC8.49%
ROIC/WACC1.99
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%