COCA-COLA CO/THE (KO) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:KO • US1912161007

79.03 USD
+0.52 (+0.66%)
At close: Feb 6, 2026
78.8509 USD
-0.18 (-0.23%)
After Hours: 2/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

KO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 33 industry peers in the Beverages industry. KO scores excellent on profitability, but there are some minor concerns on its financial health. KO has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • KO had positive earnings in the past year.
  • In the past year KO had a positive cash flow from operations.
  • In the past 5 years KO has always been profitable.
  • In the past 5 years KO always reported a positive cash flow from operatings.
KO Yearly Net Income VS EBIT VS OCF VS FCFKO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

1.2 Ratios

  • KO has a Return On Assets of 12.29%. This is amongst the best in the industry. KO outperforms 87.88% of its industry peers.
  • Looking at the Return On Equity, with a value of 41.70%, KO belongs to the top of the industry, outperforming 96.97% of the companies in the same industry.
  • KO's Return On Invested Capital of 14.17% is amongst the best of the industry. KO outperforms 81.82% of its industry peers.
  • KO had an Average Return On Invested Capital over the past 3 years of 11.98%. This is in line with the industry average of 11.48%.
  • The 3 year average ROIC (11.98%) for KO is below the current ROIC(14.17%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 12.29%
ROE 41.7%
ROIC 14.17%
ROA(3y)10.61%
ROA(5y)10.21%
ROE(3y)41.22%
ROE(5y)41.26%
ROIC(3y)11.98%
ROIC(5y)11.6%
KO Yearly ROA, ROE, ROICKO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

1.3 Margins

  • With an excellent Profit Margin value of 27.34%, KO belongs to the best of the industry, outperforming 96.97% of the companies in the same industry.
  • In the last couple of years the Profit Margin of KO has remained more or less at the same level.
  • With an excellent Operating Margin value of 31.14%, KO belongs to the best of the industry, outperforming 96.97% of the companies in the same industry.
  • In the last couple of years the Operating Margin of KO has declined.
  • KO has a Gross Margin of 61.63%. This is amongst the best in the industry. KO outperforms 96.97% of its industry peers.
  • In the last couple of years the Gross Margin of KO has remained more or less at the same level.
Industry RankSector Rank
OM 31.14%
PM (TTM) 27.34%
GM 61.63%
OM growth 3Y-5.6%
OM growth 5Y-3.48%
PM growth 3Y-3.68%
PM growth 5Y-1.15%
GM growth 3Y0.44%
GM growth 5Y0.1%
KO Yearly Profit, Operating, Gross MarginsKO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KO is creating some value.
  • KO has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for KO has been increased compared to 5 years ago.
  • Compared to 1 year ago, KO has a worse debt to assets ratio.
KO Yearly Shares OutstandingKO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B
KO Yearly Total Debt VS Total AssetsKO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

2.2 Solvency

  • An Altman-Z score of 4.73 indicates that KO is not in any danger for bankruptcy at the moment.
  • KO has a better Altman-Z score (4.73) than 84.85% of its industry peers.
  • KO has a debt to FCF ratio of 8.51. This is a slightly negative value and a sign of low solvency as KO would need 8.51 years to pay back of all of its debts.
  • KO's Debt to FCF ratio of 8.51 is in line compared to the rest of the industry. KO outperforms 45.45% of its industry peers.
  • KO has a Debt/Equity ratio of 1.46. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.46, KO is not doing good in the industry: 81.82% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.46
Debt/FCF 8.51
Altman-Z 4.73
ROIC/WACC1.72
WACC8.22%
KO Yearly LT Debt VS Equity VS FCFKO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.3 Liquidity

  • A Current Ratio of 1.21 indicates that KO should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.21, KO is in line with its industry, outperforming 45.45% of the companies in the same industry.
  • A Quick Ratio of 1.00 indicates that KO may have some problems paying its short term obligations.
  • KO has a Quick ratio of 1.00. This is in the better half of the industry: KO outperforms 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 1
KO Yearly Current Assets VS Current LiabilitesKO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • KO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.32%.
  • Measured over the past 5 years, KO shows a small growth in Earnings Per Share. The EPS has been growing by 6.42% on average per year.
  • Looking at the last year, KO shows a small growth in Revenue. The Revenue has grown by 2.80% in the last year.
  • KO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.78% yearly.
EPS 1Y (TTM)5.32%
EPS 3Y7.32%
EPS 5Y6.42%
EPS Q2Q%6.49%
Revenue 1Y (TTM)2.8%
Revenue growth 3Y6.78%
Revenue growth 5Y4.78%
Sales Q2Q%3.87%

3.2 Future

  • KO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.18% yearly.
  • Based on estimates for the next years, KO will show a small growth in Revenue. The Revenue will grow by 3.00% on average per year.
EPS Next Y6.91%
EPS Next 2Y7.31%
EPS Next 3Y7.38%
EPS Next 5Y7.18%
Revenue Next Year4.47%
Revenue Next 2Y4.79%
Revenue Next 3Y4.61%
Revenue Next 5Y3%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
KO Yearly Revenue VS EstimatesKO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 20B 40B 60B
KO Yearly EPS VS EstimatesKO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4 5

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2

4. Valuation

4.1 Price/Earnings Ratio

  • KO is valuated quite expensively with a Price/Earnings ratio of 26.61.
  • KO's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.92, KO is valued at the same level.
  • KO is valuated rather expensively with a Price/Forward Earnings ratio of 23.83.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of KO is on the same level as its industry peers.
  • KO's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.78.
Industry RankSector Rank
PE 26.61
Fwd PE 23.83
KO Price Earnings VS Forward Price EarningsKO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, KO is valued a bit more expensive than the industry average as 60.61% of the companies are valued more cheaply.
  • 60.61% of the companies in the same industry are cheaper than KO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 61.03
EV/EBITDA 22.85
KO Per share dataKO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates KO does not grow enough to justify the current Price/Earnings ratio.
  • KO has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.85
PEG (5Y)4.14
EPS Next 2Y7.31%
EPS Next 3Y7.38%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • KO has a Yearly Dividend Yield of 2.60%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.67, KO pays a bit more dividend than its industry peers.
  • KO's Dividend Yield is a higher than the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 2.6%

5.2 History

  • The dividend of KO has a limited annual growth rate of 3.93%.
  • KO has been paying a dividend for at least 10 years, so it has a reliable track record.
  • KO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.93%
Div Incr Years34
Div Non Decr Years34
KO Yearly Dividends per shareKO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

  • KO pays out 65.04% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of KO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP65.04%
EPS Next 2Y7.31%
EPS Next 3Y7.38%
KO Yearly Income VS Free CF VS DividendKO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B
KO Dividend Payout.KO Dividend Payout, showing the Payout Ratio.KO Dividend Payout.PayoutRetained Earnings

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COCA-COLA CO/THE

NYSE:KO (2/6/2026, 8:04:00 PM)

After market: 78.8509 -0.18 (-0.23%)

79.03

+0.52 (+0.66%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)10-21
Earnings (Next)02-10
Inst Owners66.03%
Inst Owner Change-2.21%
Ins Owners0.57%
Ins Owner Change-1.05%
Market Cap339.96B
Revenue(TTM)47.66B
Net Income(TTM)13.03B
Analysts82.86
Price Target80.56 (1.94%)
Short Float %0.93%
Short Ratio2.07
Dividend
Industry RankSector Rank
Dividend Yield 2.6%
Yearly Dividend1.94
Dividend Growth(5Y)3.93%
DP65.04%
Div Incr Years34
Div Non Decr Years34
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.91%
Min EPS beat(2)1.47%
Max EPS beat(2)2.35%
EPS beat(4)3
Avg EPS beat(4)1.66%
Min EPS beat(4)-0.7%
Max EPS beat(4)3.5%
EPS beat(8)6
Avg EPS beat(8)0.75%
EPS beat(12)9
Avg EPS beat(12)1.19%
EPS beat(16)13
Avg EPS beat(16)2.16%
Revenue beat(2)0
Avg Revenue beat(2)-2.55%
Min Revenue beat(2)-2.77%
Max Revenue beat(2)-2.34%
Revenue beat(4)1
Avg Revenue beat(4)-0.91%
Min Revenue beat(4)-2.77%
Max Revenue beat(4)3.7%
Revenue beat(8)3
Avg Revenue beat(8)-0.42%
Revenue beat(12)4
Avg Revenue beat(12)-0.55%
Revenue beat(16)8
Avg Revenue beat(16)0.36%
PT rev (1m)0%
PT rev (3m)0.87%
EPS NQ rev (1m)0.2%
EPS NQ rev (3m)-5.11%
EPS NY rev (1m)0.04%
EPS NY rev (3m)0.42%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)-0.59%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.27%
Valuation
Industry RankSector Rank
PE 26.61
Fwd PE 23.83
P/S 7.13
P/FCF 61.03
P/OCF 44.71
P/B 10.88
P/tB N/A
EV/EBITDA 22.85
EPS(TTM)2.97
EY3.76%
EPS(NY)3.32
Fwd EY4.2%
FCF(TTM)1.29
FCFY1.64%
OCF(TTM)1.77
OCFY2.24%
SpS11.08
BVpS7.26
TBVpS-0.22
PEG (NY)3.85
PEG (5Y)4.14
Graham Number22.03
Profitability
Industry RankSector Rank
ROA 12.29%
ROE 41.7%
ROCE 17.76%
ROIC 14.17%
ROICexc 17.36%
ROICexgc 32.1%
OM 31.14%
PM (TTM) 27.34%
GM 61.63%
FCFM 11.69%
ROA(3y)10.61%
ROA(5y)10.21%
ROE(3y)41.22%
ROE(5y)41.26%
ROIC(3y)11.98%
ROIC(5y)11.6%
ROICexc(3y)14.47%
ROICexc(5y)13.91%
ROICexgc(3y)29.82%
ROICexgc(5y)28.22%
ROCE(3y)15.16%
ROCE(5y)14.68%
ROICexgc growth 3Y0.46%
ROICexgc growth 5Y2.21%
ROICexc growth 3Y2.32%
ROICexc growth 5Y0.14%
OM growth 3Y-5.6%
OM growth 5Y-3.48%
PM growth 3Y-3.68%
PM growth 5Y-1.15%
GM growth 3Y0.44%
GM growth 5Y0.1%
F-Score7
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 1.46
Debt/FCF 8.51
Debt/EBITDA 2.86
Cap/Depr 186.51%
Cap/Sales 4.27%
Interest Coverage 250
Cash Conversion 47.73%
Profit Quality 42.74%
Current Ratio 1.21
Quick Ratio 1
Altman-Z 4.73
F-Score7
WACC8.22%
ROIC/WACC1.72
Cap/Depr(3y)157.99%
Cap/Depr(5y)128.95%
Cap/Sales(3y)3.96%
Cap/Sales(5y)3.8%
Profit Quality(3y)78.5%
Profit Quality(5y)92.52%
High Growth Momentum
Growth
EPS 1Y (TTM)5.32%
EPS 3Y7.32%
EPS 5Y6.42%
EPS Q2Q%6.49%
EPS Next Y6.91%
EPS Next 2Y7.31%
EPS Next 3Y7.38%
EPS Next 5Y7.18%
Revenue 1Y (TTM)2.8%
Revenue growth 3Y6.78%
Revenue growth 5Y4.78%
Sales Q2Q%3.87%
Revenue Next Year4.47%
Revenue Next 2Y4.79%
Revenue Next 3Y4.61%
Revenue Next 5Y3%
EBIT growth 1Y40.28%
EBIT growth 3Y0.8%
EBIT growth 5Y1.13%
EBIT Next Year15.07%
EBIT Next 3Y9.78%
EBIT Next 5Y8.03%
FCF growth 1Y-45.23%
FCF growth 3Y-25.04%
FCF growth 5Y-10.85%
OCF growth 1Y-36%
OCF growth 3Y-18.62%
OCF growth 5Y-8.26%

COCA-COLA CO/THE / KO FAQ

What is the ChartMill fundamental rating of COCA-COLA CO/THE (KO) stock?

ChartMill assigns a fundamental rating of 5 / 10 to KO.


What is the valuation status for KO stock?

ChartMill assigns a valuation rating of 2 / 10 to COCA-COLA CO/THE (KO). This can be considered as Overvalued.


What is the profitability of KO stock?

COCA-COLA CO/THE (KO) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for KO stock?

The Price/Earnings (PE) ratio for COCA-COLA CO/THE (KO) is 26.61 and the Price/Book (PB) ratio is 10.88.


Can you provide the dividend sustainability for KO stock?

The dividend rating of COCA-COLA CO/THE (KO) is 7 / 10 and the dividend payout ratio is 65.04%.