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Coca-Cola Içecek Anonim Sirketi

BST:3COA
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3COA
BST
TRY7B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Coca-Cola Içecek Anonim Sirketi engages in bottling and distributing alcohol-free beverages primarily in Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria, and Tajikistan. The last earnings update was 10 days ago. More info.


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3COA Share Price and Events
7 Day Returns
-1.6%
BST:3COA
2.9%
DE Beverage
-1.4%
DE Market
1 Year Returns
-43.6%
BST:3COA
5.2%
DE Beverage
-8.2%
DE Market
3COA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coca-Cola Içecek Anonim Sirketi (3COA) -1.6% -1.1% 10.5% -43.6% - -
DE Beverage 2.9% 3.6% -0.4% 5.2% 50.3% 78.4%
DE Market -1.4% 0.3% -5.6% -8.2% 26.6% 48.8%
1 Year Return vs Industry and Market
  • 3COA underperformed the Beverage industry which returned 5.2% over the past year.
  • 3COA underperformed the Market in Germany which returned -8.2% over the past year.
Price Volatility
3COA
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Coca-Cola Içecek Anonim Sirketi's competitors could be found in our database.

3COA Value

 Is Coca-Cola Içecek Anonim Sirketi undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Coca-Cola Içecek Anonim Sirketi to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Coca-Cola Içecek Anonim Sirketi.

BST:3COA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:3COA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 22%) (123.24%))
0.913
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.913 * 9.46%)
9.17%

Discounted Cash Flow Calculation for BST:3COA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Coca-Cola Içecek Anonim Sirketi is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:3COA DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (TRY, Millions) 471.33 620.00 906.50 1,141.00 1,285.81
Source Analyst x3 Analyst x3 Analyst x2 Analyst x1 Est @ 12.69%
Present Value
Discounted (@ 9.17%)
431.72 520.17 696.63 803.16 829.03
Present value of next 5 years cash flows TRY3,280.72
BST:3COA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= TRY1,285.81 × (1 + 0.54%) ÷ (9.17% – 0.54%)
TRY14,975.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= TRY14,975.67 ÷ (1 + 9.17%)5
TRY9,655.59
BST:3COA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= TRY3,280.72 + TRY9,655.59
TRY12,936.31
Equity Value per Share
(TRY)
= Total value / Shares Outstanding
= TRY12,936.31 / 254.37
TRY8.1
BST:3COA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:3COA represents 0.15919x of IBSE:CCOLA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.15919x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (TRY) x Listing Adjustment Factor
= TRY 50.86 x 0.15919
€8.10
Value per share (EUR) From above. €8.10
Current discount Discount to share price of €4.33
= -1 x (€4.33 - €8.10) / €8.10
46.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Coca-Cola Içecek Anonim Sirketi is available for.
Intrinsic value
47%
Share price is €4.33 vs Future cash flow value of €8.1
Current Discount Checks
For Coca-Cola Içecek Anonim Sirketi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Coca-Cola Içecek Anonim Sirketi's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Coca-Cola Içecek Anonim Sirketi's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Coca-Cola Içecek Anonim Sirketi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coca-Cola Içecek Anonim Sirketi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:3COA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in TRY TRY0.12
IBSE:CCOLA Share Price ** IBSE (2018-11-09) in TRY TRY27.2
Germany Beverage Industry PE Ratio Median Figure of 8 Publicly-Listed Beverage Companies 23.05x
Germany Market PE Ratio Median Figure of 415 Publicly-Listed Companies 17.94x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Coca-Cola Içecek Anonim Sirketi.

BST:3COA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IBSE:CCOLA Share Price ÷ EPS (both in TRY)

= 27.2 ÷ 0.12

230.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coca-Cola Içecek Anonim Sirketi is overvalued based on earnings compared to the DE Beverage industry average.
  • Coca-Cola Içecek Anonim Sirketi is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Coca-Cola Içecek Anonim Sirketi's expected growth come at a high price?
Raw Data
BST:3COA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 230.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
55%per year
Europe Beverage Industry PEG Ratio Median Figure of 30 Publicly-Listed Beverage Companies 2.37x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

BST:3COA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 230.59x ÷ 55%

4.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coca-Cola Içecek Anonim Sirketi is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Coca-Cola Içecek Anonim Sirketi's assets?
Raw Data
BST:3COA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in TRY TRY26.27
IBSE:CCOLA Share Price * IBSE (2018-11-09) in TRY TRY27.2
Germany Beverage Industry PB Ratio Median Figure of 9 Publicly-Listed Beverage Companies 1.38x
Germany Market PB Ratio Median Figure of 553 Publicly-Listed Companies 1.88x
BST:3COA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IBSE:CCOLA Share Price ÷ Book Value per Share (both in TRY)

= 27.2 ÷ 26.27

1.04x

* Primary Listing of Coca-Cola Içecek Anonim Sirketi.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coca-Cola Içecek Anonim Sirketi is good value based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Coca-Cola Içecek Anonim Sirketi's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Coca-Cola Içecek Anonim Sirketi has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

3COA Future Performance

 How is Coca-Cola Içecek Anonim Sirketi expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
55%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coca-Cola Içecek Anonim Sirketi expected to grow at an attractive rate?
  • Coca-Cola Içecek Anonim Sirketi's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Coca-Cola Içecek Anonim Sirketi's earnings growth is expected to exceed the Germany market average.
  • Coca-Cola Içecek Anonim Sirketi's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:3COA Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:3COA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 55%
BST:3COA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 11.4%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average 2%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:3COA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in TRY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:3COA Future Estimates Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 16,883 2
2021-12-31 15,293 957 2
2020-12-31 14,282 1,398 820 7
2019-12-31 13,144 1,348 601 9
2018-12-31 10,734 1,190 210 8
BST:3COA Past Financials Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income *
2018-09-30 10,395 1,682 30
2018-06-30 9,430 1,220 234
2018-03-31 8,831 1,355 278
2017-12-31 8,521 1,229 238
2017-09-30 8,240 1,326 26
2017-06-30 7,735 1,163 -61
2017-03-31 7,305 1,114 -144
2016-12-31 7,050 1,159 -28
2016-09-30 6,949 1,030 336
2016-06-30 6,909 1,117 236
2016-03-31 6,822 996 237
2015-12-31 6,724 874 117

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Coca-Cola Içecek Anonim Sirketi's earnings are expected to grow significantly at over 20% yearly.
  • Coca-Cola Içecek Anonim Sirketi's revenue is expected to grow by 11.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:3COA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Coca-Cola Içecek Anonim Sirketi Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:3COA Future Estimates Data
Date (Data in TRY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 3.76 3.76 3.76 1.00
2020-12-31 3.26 3.52 3.13 5.00
2019-12-31 2.55 2.93 2.25 6.00
2018-12-31 0.83 0.93 0.67 4.00
BST:3COA Past Financials Data
Date (Data in TRY Millions) EPS *
2018-09-30 0.12
2018-06-30 0.92
2018-03-31 1.09
2017-12-31 0.93
2017-09-30 0.10
2017-06-30 -0.24
2017-03-31 -0.57
2016-12-31 -0.11
2016-09-30 1.32
2016-06-30 0.93
2016-03-31 0.93
2015-12-31 0.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Coca-Cola Içecek Anonim Sirketi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Coca-Cola Içecek Anonim Sirketi's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Coca-Cola Içecek Anonim Sirketi has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

3COA Past Performance

  How has Coca-Cola Içecek Anonim Sirketi performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Coca-Cola Içecek Anonim Sirketi's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Coca-Cola Içecek Anonim Sirketi's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Coca-Cola Içecek Anonim Sirketi's 1-year earnings growth exceeds its 5-year average (15.2% vs -29.6%)
  • Coca-Cola Içecek Anonim Sirketi's earnings growth has exceeded the DE Beverage industry average in the past year (15.2% vs 5.8%).
Earnings and Revenue History
Coca-Cola Içecek Anonim Sirketi's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Coca-Cola Içecek Anonim Sirketi Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:3COA Past Revenue, Cash Flow and Net Income Data
Date (Data in TRY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 10,395.09 30.01 2,291.10
2018-06-30 9,429.84 233.61 2,176.74
2018-03-31 8,831.13 277.67 2,054.07
2017-12-31 8,521.15 237.63 2,002.86
2017-09-30 8,239.81 26.04 1,945.68
2017-06-30 7,734.92 -60.62 1,835.78
2017-03-31 7,304.59 -143.85 1,778.57
2016-12-31 7,050.25 -28.39 1,726.62
2016-09-30 6,948.50 335.97 1,663.80
2016-06-30 6,908.52 236.14 1,659.29
2016-03-31 6,822.15 237.24 1,668.83
2015-12-31 6,723.87 117.16 1,630.42
2015-09-30 6,533.30 76.16 1,622.63
2015-06-30 6,253.24 149.38 1,589.55
2015-03-31 6,040.55 203.21 1,526.27
2014-12-31 5,985.37 315.43 1,518.43
2014-09-30 5,905.12 302.77 1,478.91
2014-06-30 5,673.27 321.69 1,452.16
2014-03-31 5,417.02 235.52 1,399.18
2013-12-31 5,186.45 488.80 1,344.36
2013-09-30 4,971.67 539.14 1,296.36
2013-06-30 4,558.57 586.26 1,198.73
2013-03-31 4,105.33 605.52 1,102.26
2012-12-31 3,819.30 380.13 1,020.18
2012-09-30 3,702.03 373.17 989.53
2012-06-30 3,605.53 244.31 980.63
2012-03-31 3,452.53 175.52 940.86
2011-12-31 3,408.58 140.28 925.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Coca-Cola Içecek Anonim Sirketi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Coca-Cola Içecek Anonim Sirketi used its assets less efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Coca-Cola Içecek Anonim Sirketi has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Coca-Cola Içecek Anonim Sirketi's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Coca-Cola Içecek Anonim Sirketi has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

3COA Health

 How is Coca-Cola Içecek Anonim Sirketi's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Coca-Cola Içecek Anonim Sirketi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Coca-Cola Içecek Anonim Sirketi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Coca-Cola Içecek Anonim Sirketi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Coca-Cola Içecek Anonim Sirketi's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Coca-Cola Içecek Anonim Sirketi Company Filings, last reported 1 month ago.

BST:3COA Past Debt and Equity Data
Date (Data in TRY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 7,766.73 8,526.72 5,500.70
2018-06-30 6,211.30 6,728.56 3,746.08
2018-03-31 5,592.22 6,307.98 4,028.34
2017-12-31 5,439.59 5,990.71 3,891.94
2017-09-30 5,361.76 5,605.07 3,674.20
2017-06-30 5,115.96 3,784.79 1,448.74
2017-03-31 5,119.17 3,901.17 1,387.09
2016-12-31 4,996.95 3,770.15 1,477.15
2016-09-30 4,621.35 3,238.45 1,240.64
2016-06-30 4,303.14 3,174.30 876.76
2016-03-31 4,045.93 3,261.59 865.44
2015-12-31 4,141.57 3,373.94 1,002.36
2015-09-30 4,293.39 3,555.36 1,024.51
2015-06-30 3,812.38 3,125.76 483.49
2015-03-31 3,642.02 2,982.34 604.22
2014-12-31 3,373.03 2,643.68 759.94
2014-09-30 3,349.65 2,375.44 668.10
2014-06-30 3,055.55 2,527.55 778.74
2014-03-31 2,981.36 2,609.86 773.38
2013-12-31 2,871.34 3,086.23 1,479.76
2013-09-30 2,776.13 1,983.52 518.96
2013-06-30 2,541.04 2,106.68 635.59
2013-03-31 2,373.06 1,874.69 511.62
2012-12-31 1,910.14 1,534.85 606.69
2012-09-30 2,011.66 1,644.51 625.07
2012-06-30 1,752.07 1,644.56 471.72
2012-03-31 1,659.93 1,658.87 499.21
2011-12-31 1,670.10 1,634.01 525.99
  • Coca-Cola Içecek Anonim Sirketi's level of debt (109.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (71.9% vs 109.8% today).
  • Debt is not well covered by operating cash flow (19.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
X
Financial health checks
We assess Coca-Cola Içecek Anonim Sirketi's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Coca-Cola Içecek Anonim Sirketi has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

3COA Dividends

 What is Coca-Cola Içecek Anonim Sirketi's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.89%
Current annual income from Coca-Cola Içecek Anonim Sirketi dividends. Estimated to be 3.19% next year.
If you bought €2,000 of Coca-Cola Içecek Anonim Sirketi shares you are expected to receive €58 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Coca-Cola Içecek Anonim Sirketi's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.52%).
  • Coca-Cola Içecek Anonim Sirketi's dividend is below the markets top 25% of dividend payers in Germany (3.77%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:3COA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:3COA Future Dividends Estimate Data
Date (Data in TRY) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 1.51 1.00
2020-12-31 1.02 8.00
2019-12-31 0.63 7.00
2018-12-31 0.79 2.00
BST:3COA Past Annualized Dividends Data
Date (Data in TRY) Dividend per share (annual) Avg. Yield (%)
2018-05-02 0.787 2.486
2018-02-27 0.787 2.159
2017-05-03 0.197 0.529
2017-03-01 0.197 0.555
2016-05-03 0.100 0.279
2016-02-29 0.100 0.263
2015-08-12 0.394 1.113
2015-05-06 0.394 0.919
2015-03-06 0.394 0.884
2014-11-06 0.334 0.692
2014-11-05 0.334 0.672
2014-08-14 0.334 0.673
2014-05-12 0.334 0.632
2014-03-07 0.334 0.681
2013-11-11 0.315 0.641
2013-08-22 0.315 0.605
2013-05-08 0.315 0.579
2013-03-18 0.315 0.638
2013-03-15 0.315 0.716
2012-08-28 0.236 0.647
2012-05-07 0.236 0.891
2011-08-17 0.280 1.223
2011-03-28 0.275 1.243
2010-08-23 0.200 1.083
2009-12-31 0.197 1.406
2009-05-13 0.063 0.613
2009-04-03 0.060 0.794
2008-12-31 0.063 0.895
2008-11-17 0.128 1.979

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Coca-Cola Içecek Anonim Sirketi's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Coca-Cola Içecek Anonim Sirketi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Coca-Cola Içecek Anonim Sirketi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coca-Cola Içecek Anonim Sirketi has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

3COA Management

 What is the CEO of Coca-Cola Içecek Anonim Sirketi's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Burak Basarir
TENURE AS CEO 4.8 years
CEO Bio

Mr. Burak Basarir has been the Chief Executive Officer of Coca-Cola Icecek A.S. since January 1, 2014. Mr. Basarir has been Group Chief Executive Officer of Soft Drinks at Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi since January 1, 2014 and its President. He served as the President of Efes Soft Drink Group Turkey Region at Anadolu Efes Biracilik ve Malt Sanayii AS from January 2010 to 2013. He served as Finance Director of Coca-Cola Icecek A.S. since January 2005 and its Chief Financial Officer since January 2005. Since joining CCI in 1998, he served as Budget and Planning Supervisor, Middle Anatolia Sales Center Finance Manager, Mersin Sales Center Manager and Ankara Sales Center Manager. He served as Senior Auditor for Arthur Anderson for three years. He served as a Director of Coca-cola Icecek AS until May 9, 2017. Mr. Basarir studied management at Department of Management at California State University from 1990 to 1992. He holds an BA in business administration and a minor in computer sciences from American River College. He received a B.Sc degree in business administration from Department of Management at Middle East Technical University in 1995.

CEO Compensation
  • Insufficient data for Burak to compare compensation growth.
  • Insufficient data for Burak to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Coca-Cola Içecek Anonim Sirketi management team in years:

4.8
Average Tenure
  • The tenure for the Coca-Cola Içecek Anonim Sirketi management team is about average.
Management Team

Burak Basarir

TITLE
Chief Executive Officer
TENURE
4.8 yrs

Michael Coombs

TITLE
Chief Financial Officer
AGE
55
TENURE
1.8 yrs

Leyla Deliç

TITLE
Chief Information Officer
TENURE
0.8 yrs

Yesim Tohma

TITLE
Investor Relations Manager

R. Onur

TITLE
General Counsel
TENURE
5.8 yrs

Ebru Özgen

TITLE
Group Human Resources Director
TENURE
1.8 yrs

Ali Hüroglu

TITLE
Corporate Supply Chain Services Director
TENURE
17.8 yrs

Meltem Metin

TITLE
Strategic Business Development Director
TENURE
9.5 yrs

Nusret Köstem

TITLE
Middle East & Pakistan Region Director
TENURE
1.8 yrs

Tugay Keskin

TITLE
Turkey General Manager
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Coca-Cola Içecek Anonim Sirketi board of directors in years:

1.5
Average Tenure
64
Average Age
  • The average tenure for the Coca-Cola Içecek Anonim Sirketi board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tuncay Özilhan

TITLE
Chairman of the Board
AGE
71
TENURE
22.8 yrs

Galya Molinas

TITLE
Vice Chairman of the Board
TENURE
2.6 yrs

Izzet Karaca

TITLE
Independent Director
AGE
64
TENURE
2.6 yrs

Ali Yorgancioglu

TITLE
Independent Director
TENURE
0.6 yrs

Ugur Bayar

TITLE
Independent Director
AGE
54
TENURE
0.6 yrs

Mehmet Kozlu

TITLE
Director
AGE
72
TENURE
1.5 yrs

Ahmet Boyacioglu

TITLE
Director
AGE
72
TENURE
1.5 yrs

Mehmet Zorlu

TITLE
Director
AGE
59
TENURE
14.8 yrs

Kamil Bozer

TITLE
Director
AGE
60
TENURE
0.6 yrs

Talip Aksoy

TITLE
Director
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Coca-Cola Içecek Anonim Sirketi's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Coca-Cola Içecek Anonim Sirketi has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

3COA News

External News
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Simply Wall St News

3COA Company Info

Map
Description

Coca-Cola Içecek Anonim Sirketi engages in bottling and distributing alcohol-free beverages primarily in Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria, and Tajikistan. The company is involved in the production, distribution, and sale of sparkling and still beverages under the Coca-Cola, Coca-Cola Zero, Coca-Cola Light, Fanta, Sprite, Cappy, Sen Sun, Powerade, Monster, Burn, Gladiator, and Fuse tea brand names, as well as Dogadan and Mahmudiye brands. Its product portfolio also includes juices, water, sports and energy drinks, tea, and iced tea. The company is also involved in the distribution and sale of beverages under the Schweppes names in Turkey. Coca-Cola Içecek Anonim Sirketi is headquartered in Istanbul, Turkey.

Details
Name: Coca-Cola Içecek Anonim Sirketi
3COA
Exchange: BST
Founded:
TRY1,139,058,054
254,370,782
Website: http://www.cci.com.tr
Address: Coca-Cola Içecek Anonim Sirketi
OSB Mah. Deniz Feneri Sok. No:4,
Dudullu - Ümraniye,
Istanbul,
34776,
Turkey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IBSE CCOLA Group C Bearer Shares Borsa Istanbul (BIST) TR TRY 12. May 2006
LSE CICE SPON GDR REG S London Stock Exchange GB GBP 15. Nov 2018
BST 3COA SPONSORED ADR Boerse-Stuttgart DE EUR 18. Jul 2013
Number of employees
Current staff
Staff numbers
8,436
Coca-Cola Içecek Anonim Sirketi employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/15 21:20
End of day share price update: 2018/11/09 00:00
Last estimates confirmation: 2018/11/06
Last earnings filing: 2018/11/05
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.