Coca-Cola FEMSA, S.A.B. de C.V.

DB:CFSL Stock Report

Market Cap: €15.9b

Coca-Cola FEMSA. de Valuation

Is CFSL 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 CFSL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CFSL (€74) is trading below our estimate of fair value (€188.67)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CFSL. This is calculated by dividing CFSL's market cap by their current earnings.
What is CFSL's PE Ratio?
PE Ratio15.6x
EarningsMex$21.77b
Market CapMex$340.17b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CFSL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.5x
MUT Mineralbrunnen Überkingen-Teinach GmbH KGaA
11.9xn/a€98.2m
AC * Arca Continental. de
15.9x8.0%Mex$299.7b
CCH Coca-Cola HBC
19.3x11.9%UK£10.1b
SZU Südzucker
6.8x-10.2%€2.3b
CFSL Coca-Cola FEMSA. de
15.6x12.1%€16.6b

Price-To-Earnings vs Peers: CFSL is expensive based on its Price-To-Earnings Ratio (15.6x) compared to the peer average (13.5x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CFSL 15.6xIndustry Avg. 17.3xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CFSL is good value based on its Price-To-Earnings Ratio (15.6x) compared to the European Beverage industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is CFSL'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.

CFSL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.6x
Fair PE Ratio23.8x

Price-To-Earnings vs Fair Ratio: CFSL is good value based on its Price-To-Earnings Ratio (15.6x) compared to the estimated Fair Price-To-Earnings Ratio (23.8x).

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 CFSL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€74.00
€101.21
+36.8%
25.1%€185.23€66.49n/a14
Nov ’25€76.50
€100.47
+31.3%
24.2%€179.56€64.46n/a14
Oct ’25€79.50
€96.08
+20.9%
24.9%€174.68€62.71n/a14
Sep ’25€76.50
€96.89
+26.7%
24.9%€176.44€63.34n/a14
Aug ’25€83.50
€99.82
+19.5%
24.6%€180.08€64.65n/a14
Jul ’25€78.00
€102.15
+31.0%
23.9%€181.00€64.97n/a14
Jun ’25€87.00
€102.15
+17.4%
23.9%€181.00€64.97n/a14
May ’25€94.00
€103.17
+9.8%
24.3%€181.88€65.29n/a14
Apr ’25€89.00
€98.02
+10.1%
25.2%€178.54€64.09n/a14
Mar ’25€90.00
€93.86
+4.3%
14.5%€123.66€64.60n/a14
Feb ’25€89.00
€86.97
-2.3%
17.1%€123.13€61.57n/a15
Jan ’25€85.50
€85.19
-0.4%
16.8%€124.10€62.05n/a15
Dec ’24€78.50
€83.58
+6.5%
17.9%€122.44€61.22n/a13
Nov ’24€74.50
€87.26
+17.1%
18.1%€126.82€63.41€76.5013
Oct ’24€75.00
€89.03
+18.7%
17.6%€126.87€63.44€79.5012
Sep ’24€79.00
€86.73
+9.8%
17.0%€122.99€61.49€76.5013
Aug ’24€77.50
€86.18
+11.2%
18.0%€121.55€60.78€83.5013
Jul ’24€77.00
€83.78
+8.8%
17.9%€125.28€62.64€78.0014
Jun ’24€78.50
€81.01
+3.2%
17.9%€124.91€62.46€87.0014
May ’24€74.50
€76.98
+3.3%
18.9%€121.56€60.78€94.0014
Apr ’24€73.00
€73.87
+1.2%
20.5%€123.62€56.27€89.0014
Mar ’24€68.00
€69.18
+1.7%
8.9%€78.45€57.66€90.0013
Feb ’24€69.50
€64.97
-6.5%
10.5%€73.14€51.32€89.0011
Jan ’24€65.00
€64.95
-0.08%
9.1%€72.60€52.80€85.5011
Dec ’23€65.00
€65.13
+0.2%
8.9%€74.04€53.85€78.5012
Nov ’23€63.00
€69.91
+11.0%
11.5%€87.05€56.68€74.5012

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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