The Coca-Cola Company

SWX:KO Stock Report

Market Cap: CHF 243.2b

Coca-Cola Valuation

Is KO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KO (CHF60.01) is trading below our estimate of fair value (CHF103.68)

Significantly Below Fair Value: KO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KO?

Key metric: As KO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KO. This is calculated by dividing KO's market cap by their current earnings.
What is KO's PE Ratio?
PE Ratio25.6x
EarningsUS$10.41b
Market CapUS$266.39b

Price to Earnings Ratio vs Peers

How does KO's PE Ratio compare to its peers?

The above table shows the PE ratio for KO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.2x
NESN Nestlé
17.2x4.7%CHF 192.5b
PEP PepsiCo
22.3x8.2%US$211.0b
LISN Chocoladefabriken Lindt & Sprüngli
33.8x6.4%CHF 23.2b
MNST Monster Beverage
31.7x11.1%US$51.1b
KO Coca-Cola
25.8x8.2%CHF 268.2b

Price-To-Earnings vs Peers: KO is good value based on its Price-To-Earnings Ratio (25.6x) compared to the peer average (26.2x).

Price to Earnings Ratio vs Industry

How does KO's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KO 25.6xIndustry Avg. 17.9xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KO is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the European Beverage industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is KO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.6x
Fair PE Ratio26.5x

Price-To-Earnings vs Fair Ratio: KO is good value based on its Price-To-Earnings Ratio (25.6x) compared to the estimated Fair Price-To-Earnings Ratio (26.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 60.01
CHF 66.21
+10.3%
7.2%CHF 76.53CHF 57.62n/a23
Dec ’25CHF 60.01
CHF 64.53
+7.5%
7.3%CHF 73.74CHF 55.52n/a24
Nov ’25CHF 60.01
CHF 64.53
+7.5%
7.3%CHF 73.74CHF 55.52n/a24
Oct ’25CHF 60.01
CHF 61.85
+3.1%
7.4%CHF 71.94CHF 54.16n/a25
Sep ’25CHF 60.01
CHF 60.04
+0.06%
5.4%CHF 66.07CHF 50.82n/a25
Aug ’25CHF 60.01
CHF 62.04
+3.4%
5.4%CHF 69.12CHF 53.17n/a25
Jul ’25CHF 60.01
CHF 60.69
+1.1%
6.1%CHF 69.66CHF 53.58n/a26
Jun ’25CHF 60.01
CHF 60.73
+1.2%
5.5%CHF 66.98CHF 54.31n/a23
May ’25CHF 60.01
CHF 61.48
+2.4%
5.5%CHF 68.02CHF 55.15n/a24
Apr ’25CHF 60.01
CHF 59.36
-1.1%
5.1%CHF 66.45CHF 53.88n/a23
Mar ’25CHF 60.01
CHF 58.06
-3.2%
5.2%CHF 65.13CHF 52.81n/a23
Feb ’25CHF 60.01
CHF 56.39
-6.0%
5.5%CHF 63.84CHF 50.90n/a23
Jan ’25CHF 60.01
CHF 56.05
-6.6%
6.0%CHF 64.18CHF 51.17CHF 60.0123
Dec ’24CHF 60.01
CHF 56.06
-6.6%
6.0%CHF 64.67CHF 51.56CHF 60.0123
Nov ’24CHF 60.01
CHF 57.75
-3.8%
5.9%CHF 66.72CHF 53.19CHF 60.0122
Oct ’24CHF 60.01
CHF 63.48
+5.8%
6.0%CHF 69.58CHF 54.93CHF 60.0122
Sep ’24CHF 60.01
CHF 61.24
+2.0%
6.0%CHF 66.76CHF 50.95CHF 60.0123
Aug ’24CHF 60.01
CHF 60.45
+0.7%
6.0%CHF 66.07CHF 50.42CHF 60.0123
Jul ’24CHF 60.01
CHF 62.41
+4.0%
5.9%CHF 67.48CHF 52.18CHF 60.0123
Jun ’24CHF 60.01
CHF 62.58
+4.3%
6.2%CHF 69.28CHF 52.19CHF 60.0124
May ’24CHF 60.01
CHF 61.91
+3.2%
6.2%CHF 68.85CHF 51.86CHF 60.0125
Apr ’24CHF 60.01
CHF 61.97
+3.3%
6.5%CHF 70.50CHF 53.11CHF 60.0126
Mar ’24CHF 60.00
CHF 63.90
+6.5%
6.3%CHF 72.45CHF 54.57CHF 60.0125
Feb ’24CHF 56.50
CHF 62.44
+10.5%
6.5%CHF 71.02CHF 53.50CHF 60.0123
Jan ’24CHF 56.50
CHF 62.39
+10.4%
7.1%CHF 71.56CHF 53.90CHF 60.0124

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 05:22
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/27
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The Coca-Cola Company is covered by 58 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Fabrizio SpagnaAxia Financial Research
Ishan MajumdarBaptista Research