NasdaqGS:COKE

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Coca-Cola Consolidated, Inc., together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. More Details


Snowflake Analysis

Good value with adequate balance sheet.


Similar Companies

Share Price & News

How has Coca-Cola Consolidated's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: COKE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: COKE's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-3.3%

COKE

0%

US Beverage

0%

US Market


1 Year Return

25.1%

COKE

0%

US Beverage

0%

US Market

Return vs Industry: COKE exceeded the US Beverage industry which returned -1.2% over the past year.

Return vs Market: COKE underperformed the US Market which returned 34.1% over the past year.


Shareholder returns

COKEIndustryMarket
7 Day-3.3%0%0%
30 Day-1.7%0%0%
90 Day-1.0%0%0%
1 Year25.6%25.1%0%0%0%0%
3 Year42.7%40.8%0%0%0%0%
5 Year55.4%51.6%0%0%0%0%

Long-Term Price Volatility Vs. Market

How volatile is Coca-Cola Consolidated's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Coca-Cola Consolidated undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COKE ($262.75) is trading below our estimate of fair value ($1472.79)

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


Price To Earnings Ratio

PE vs Industry: COKE is good value based on its PE Ratio (25.7x) compared to the US Beverage industry average (28x).

PE vs Market: COKE is poor value based on its PE Ratio (25.7x) compared to the US market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate COKE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: COKE is good value based on its PB Ratio (5.5x) compared to the US Beverage industry average (6.8x).


Next Steps

Future Growth

How is Coca-Cola Consolidated forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Coca-Cola Consolidated has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Coca-Cola Consolidated performed over the past 5 years?

-8.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COKE has a large one-off loss of $58.6M impacting its September 27 2020 financial results.

Growing Profit Margin: COKE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: COKE's earnings have declined by 8.2% per year over the past 5 years.

Accelerating Growth: COKE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: COKE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Beverage industry (10.1%).


Return on Equity

High ROE: COKE's Return on Equity (18.8%) is considered low.


Next Steps

Financial Health

How is Coca-Cola Consolidated's financial position?


Financial Position Analysis

Short Term Liabilities: COKE's short term assets ($976.9M) exceed its short term liabilities ($684.0M).

Long Term Liabilities: COKE's short term assets ($976.9M) do not cover its long term liabilities ($2.1B).


Debt to Equity History and Analysis

Debt Level: COKE's debt to equity ratio (172.1%) is considered high.

Reducing Debt: COKE's debt to equity ratio has reduced from 175.8% to 172.1% over the past 5 years.

Debt Coverage: COKE's debt is well covered by operating cash flow (48%).

Interest Coverage: COKE's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Coca-Cola Consolidated current dividend yield, its reliability and sustainability?

0.38%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COKE's dividend (0.38%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: COKE's dividend (0.38%) is low compared to the top 25% of dividend payers in the US market (3.75%).


Stability and Growth of Payments

Stable Dividend: COKE is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: COKE is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: COKE is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of COKE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

J. Harrison (65 yo)

26.75yrs

Tenure

US$11,707,624

Compensation

Mr. J. Frank Harrison, III, has been the Chief Executive Officer Coca-Cola Consolidated, Inc. (formerly known as Coca-Cola Bottling Co. Consolidated) since May 1994. Mr. Harrison was first employed by Coca...


CEO Compensation Analysis

Compensation vs Market: J.'s total compensation ($USD11.71M) is above average for companies of similar size in the US market ($USD4.96M).

Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
J. Harrison
Chairman & CEO26.75yrsUS$11.71m22.13%
$ 545.1m
Umesh Kasbekar
Consultant & Non-Executive Vice Chairman5.08yrsUS$2.91mno data
David Katz
President2.17yrsUS$2.72mno data
Fredrick Anthony
Executive VP & CFO2.17yrsUS$1.30mno data
Robert Chambless
Executive Vice President of Franchise Beverage Operations3.08yrsUS$2.34mno data
Jennifer Mann
Senior VP3.75yrsUS$160.00kno data
Matthew Blickley
Senior VP of Financial Planning & Chief Accounting Officer0.50yrno datano data
E. Fisher
Executive VP4yrsno datano data
Kimberly Kuo
Senior Vice President of Public Affairs5.08yrsno datano data
James Matte
Senior Vice President of Human Resources3.83yrsno datano data
Donell Etheridge
Senior Vice President of Product Supply Operations0.67yrno datano data
Jeffrey Turney
Senior Vice President of Strategy & Business Transformation0.67yrno datano data

2.2yrs

Average Tenure

52.5yo

Average Age

Experienced Management: COKE's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
J. Harrison
Chairman & CEO26.75yrsUS$11.71m22.13%
$ 545.1m
Umesh Kasbekar
Consultant & Non-Executive Vice Chairman5.08yrsUS$2.91mno data
David Katz
President2.17yrsUS$2.72mno data
Jennifer Mann
Senior VP3.75yrsUS$160.00kno data
James Helvey
Independent Director5.08yrsUS$172.90kno data
James Morgan
Independent Director13yrsUS$195.70kno data
John Murrey
Independent Director27.92yrsUS$160.00kno data
Sharon Decker
Independent Director19.75yrsUS$176.10kno data
Dennis Wicker
Lead Independent Director1.92yrsUS$204.70kno data
William Jones
Independent Director10.08yrsUS$172.90k0.0011%
$ 26.4k
Morgan Everett
Vice Chairman of the Board0.75yrno data0.84%
$ 20.7m
Sue Anne Wells
Director5.08yrsUS$160.00k0.84%
$ 20.7m

5.1yrs

Average Tenure

63.5yo

Average Age

Experienced Board: COKE's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Coca-Cola Consolidated, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Coca-Cola Consolidated, Inc.
  • Ticker: COKE
  • Exchange: NasdaqGS
  • Founded: 1980
  • Industry: Soft Drinks
  • Sector: Food, Beverage & Tobacco
  • Market Cap: US$2.463b
  • Shares outstanding: 9.37m
  • Website: https://www.cokeconsolidated.com

Number of Employees


Location

  • Coca-Cola Consolidated, Inc.
  • 4100 Coca-Cola Plaza
  • Charlotte
  • North Carolina
  • 28211
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COKENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1972
CC5DB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972
0I0TLSE (London Stock Exchange)YesCommon StockGBUSDDec 1972

Biography

Coca-Cola Consolidated, Inc., together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/24 23:33
End of Day Share Price2021/02/24 00:00
Earnings2020/09/27
Annual Earnings2019/12/29


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.