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

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

78 USD
+0.65 (+0.84%)
Last: Feb 5, 2026, 09:43 AM
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. While KO has a great profitability rating, there are some minor concerns on its financial health. KO has a expensive valuation and it also scores bad on growth. KO also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year KO was profitable.
  • KO had a positive operating cash flow in the past year.
  • Each year in the past 5 years KO has been profitable.
  • KO had a positive operating cash flow in each of the past 5 years.
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 better Return On Assets (12.29%) than 87.88% of its industry peers.
  • KO's Return On Equity of 41.70% is amongst the best of the industry. KO outperforms 96.97% of its industry peers.
  • KO's Return On Invested Capital of 14.17% is amongst the best of the industry. KO outperforms 81.82% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for KO is in line with the industry average of 11.45%.
  • 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

  • Looking at the Profit Margin, with a value of 27.34%, KO belongs to the top 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.
  • KO's Operating Margin of 31.14% is amongst the best of the industry. KO outperforms 96.97% of its industry peers.
  • In the last couple of years the Operating Margin of KO has declined.
  • The Gross Margin of KO (61.63%) is better than 96.97% of its industry peers.
  • KO's Gross Margin has been stable in the last couple of years.
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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4

2. Health

2.1 Basic Checks

  • KO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for KO remains at a similar level compared to 1 year ago.
  • KO has more shares outstanding than it did 5 years ago.
  • KO has a worse debt/assets ratio than last year.
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

  • KO has an Altman-Z score of 4.69. This indicates that KO is financially healthy and has little risk of bankruptcy at the moment.
  • KO has a Altman-Z score of 4.69. This is amongst the best in the industry. KO outperforms 84.85% of its industry peers.
  • The Debt to FCF ratio of KO is 8.51, which is on the high side as it means it would take KO, 8.51 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 8.51, KO is in line with its industry, outperforming 45.45% of the companies in the same industry.
  • A Debt/Equity ratio of 1.46 is on the high side and indicates that KO has dependencies on debt financing.
  • KO has a Debt to Equity ratio of 1.46. This is amonst the worse of the industry: KO underperforms 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.46
Debt/FCF 8.51
Altman-Z 4.69
ROIC/WACC1.72
WACC8.26%
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

  • KO has a Current Ratio of 1.21. This is a normal value and indicates that KO is financially healthy and should not expect problems in meeting its short term obligations.
  • KO's Current ratio of 1.21 is in line compared to the rest of the industry. KO outperforms 45.45% of its industry peers.
  • KO has a Quick Ratio of 1.21. This is a bad value and indicates that KO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.00, KO is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
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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3

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.32% over the past year.
  • The Earnings Per Share has been growing slightly by 6.42% on average over the past years.
  • KO shows a small growth in Revenue. In the last year, the Revenue has grown by 2.80%.
  • Measured over the past years, KO shows a small growth in Revenue. The Revenue has been growing by 4.78% on average per year.
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.
  • The Revenue is expected to grow by 3.00% on average over the next years.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

  • The Price/Earnings ratio is 26.26, which means the current valuation is very expensive for KO.
  • KO's Price/Earnings is on the same level as the industry average.
  • KO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.25, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 23.52 indicates a rather expensive valuation of KO.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of KO is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of KO to the average of the S&P500 Index (27.50), we can say KO is valued inline with the index average.
Industry RankSector Rank
PE 26.26
Fwd PE 23.52
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

  • KO's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. KO is more expensive than 60.61% of the companies in the same industry.
  • 63.64% of the companies in the same industry are cheaper than KO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 60.24
EV/EBITDA 22.54
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.
  • The excellent profitability rating of KO may justify a higher PE ratio.
PEG (NY)3.8
PEG (5Y)4.09
EPS Next 2Y7.31%
EPS Next 3Y7.38%

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

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.78%, KO has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.74, KO pays a bit more dividend than its industry peers.
  • KO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.78%

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 their dividend for at least 10 years, which is a reliable track record.
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 (2/5/2026, 9:43:10 AM)

78

+0.65 (+0.84%)

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 Cap335.53B
Revenue(TTM)47.66B
Net Income(TTM)13.03B
Analysts82.86
Price Target80.1 (2.69%)
Short Float %0.93%
Short Ratio2.07
Dividend
Industry RankSector Rank
Dividend Yield 2.78%
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 26.26
Fwd PE 23.52
P/S 7.04
P/FCF 60.24
P/OCF 44.13
P/B 10.74
P/tB N/A
EV/EBITDA 22.54
EPS(TTM)2.97
EY3.81%
EPS(NY)3.32
Fwd EY4.25%
FCF(TTM)1.29
FCFY1.66%
OCF(TTM)1.77
OCFY2.27%
SpS11.08
BVpS7.26
TBVpS-0.22
PEG (NY)3.8
PEG (5Y)4.09
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 4.69
F-Score7
WACC8.26%
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 26.26 and the Price/Book (PB) ratio is 10.74.


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%.