Stock Analysis Report

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Executive Summary

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. More Details

Snowflake Analysis

Established dividend payer with proven track record.

Similar Companies

Share Price & News

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

Latest Share Price and Events

Stable Share Price: KO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: KO's weekly volatility (4%) has been stable over the past year.

Market Performance

7 Day Return




US Beverage


US Market

1 Year Return




US Beverage


US Market

Return vs Industry: KO underperformed the US Beverage industry which returned -0.1% over the past year.

Return vs Market: KO underperformed the US Market which returned 19.5% over the past year.

Shareholder returns

7 Day-3.2%-1.3%0.3%
30 Day-9.7%-4.0%3.3%
90 Day-3.0%3.9%14.2%
1 Year-12.2%-15.1%2.6%-0.1%23.8%21.1%
3 Year12.9%2.2%19.5%10.3%45.0%35.4%
5 Year35.8%15.3%54.9%35.6%127.7%102.3%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: KO ($48.51) is trading below our estimate of fair value ($66.41)

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

Price To Earnings Ratio

PE vs Industry: KO is good value based on its PE Ratio (25x) compared to the US Beverage industry average (25.4x).

PE vs Market: KO is poor value based on its PE Ratio (25x) compared to the US market (21x).

Price to Earnings Growth Ratio

PEG Ratio: KO is poor value based on its PEG Ratio (3.2x)

Price to Book Ratio

PB vs Industry: KO is overvalued based on its PB Ratio (11.2x) compared to the US Beverage industry average (5.3x).

Next Steps

Future Growth

How is Coca-Cola forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KO's forecast earnings growth (7.8% per year) is above the savings rate (2%).

Earnings vs Market: KO's earnings (7.8% per year) are forecast to grow slower than the US market (21.6% per year).

High Growth Earnings: KO's earnings are forecast to grow, but not significantly.

Revenue vs Market: KO's revenue (6.4% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: KO's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: KO's Return on Equity is forecast to be very high in 3 years time (59%).

Next Steps

Past Performance

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


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KO has high quality earnings.

Growing Profit Margin: KO's current net profit margins (24.9%) are higher than last year (21.5%).

Past Earnings Growth Analysis

Earnings Trend: KO's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: KO's earnings growth over the past year (7.7%) exceeds its 5-year average (6.2% per year).

Earnings vs Industry: KO earnings growth over the past year (7.7%) underperformed the Beverage industry 11%.

Return on Equity

High ROE: Whilst KO's Return on Equity (41.14%) is outstanding, this metric is skewed due to their high level of debt.

Next Steps

Financial Health

How is Coca-Cola's financial position?

Financial Position Analysis

Short Term Liabilities: KO's short term assets ($30.4B) exceed its short term liabilities ($26.9B).

Long Term Liabilities: KO's short term assets ($30.4B) do not cover its long term liabilities ($50.0B).

Debt to Equity History and Analysis

Debt Level: KO's debt to equity ratio (253.4%) is considered high.

Reducing Debt: KO's debt to equity ratio has increased from 175.6% to 253.4% over the past 5 years.

Debt Coverage: KO's debt is not well covered by operating cash flow (17.3%).

Interest Coverage: KO's interest payments on its debt are well covered by EBIT (11.2x coverage).

Balance Sheet

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KO's dividend (3.38%) is higher than the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: KO's dividend (3.38%) is low compared to the top 25% of dividend payers in the US market (3.85%).

Stability and Growth of Payments

Stable Dividend: KO's dividends per share have been stable in the past 10 years.

Growing Dividend: KO's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (83.9%), KO's payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: KO's dividends in 3 years are forecast to be covered by earnings (68.7% payout ratio).

Next Steps


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


Average management tenure


James Robert Quincey (55 yo)





Mr. James Robert B. Quincey has been Chief Executive Officer of The Coca-Cola Company since May 1, 2017 and its Chairman of the Board since April 24, 2019. He serves as Independent Director at Pfizer Inc. ...

CEO Compensation Analysis

Compensation vs Market: James Robert's total compensation ($USD18.70M) is above average for companies of similar size in the US market ($USD10.55M).

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

Leadership Team

James Robert Quincey
Chairman & CEO3.67yrsUS$18.70m0.0061%
$ 12.7m
Brian Smith
President & COO2yrsUS$8.54m0.0030%
$ 6.3m
John Murphy
Executive VP & CFO1.83yrsUS$9.13m0.0021%
$ 4.4m
Manuel Prieto
Global Chief Marketing Officer1yrUS$4.97mno data
James Dinkins
Senior Advisorno dataUS$4.78m0.0011%
$ 2.3m
Mark Randazza
VP & Chief Accounting Officerno datano data0.00093%
$ 1.9m
Nancy Quan
Senior VP & Chief Technical and Innovation Officer2yrsno data0.0035%
$ 7.3m
Timothy Leveridge
VP & Investor Relations Officerno datano datano data
Bradley Gayton
Senior VP & Global General Counsel0.33yrno datano data
Beatriz Perez
Senior VP & Global Chief of Communications3.67yrsno data0.0025%
$ 5.3m
Lisa Chang
Global Chief People Officer & Senior VP1.83yrsno data0.00020%
$ 416.9k
Marie Quintero-Johnson
VP & Head of Corporate Developmentno datano datano data


Average Tenure


Average Age

Experienced Management: KO's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

James Robert Quincey
Chairman & CEO3.67yrsUS$18.70m0.0061%
$ 12.7m
Zahi Khouri
Chairman of Palestinian National Beverage Company & CEO of Palestinian National Beverage Companyno datano datano data
Robert Kotick
Independent Director8.92yrsUS$250.11k0.0016%
$ 3.4m
Barry Diller
Independent Director19yrsUS$270.94k0.093%
$ 194.0m
Maria Lagomasino
Lead Independent Director1.75yrsUS$307.79k0.00055%
$ 1.1m
John Brock
Chairman of Coca-Cola Enterprises Inc12.75yrsno datano data
Alexis Herman
Independent Director13.25yrsUS$306.34k0.000050%
$ 104.2k
Herbert Allen
$ 586.9m
K. Chan
Chairman of Coca-Cola China Limited20.42yrsno datano data
Helene Gayle
Independent Director7.75yrsUS$266.01k0.000070%
$ 145.9k
Krishnakumar Thirumalai
Chairman of Coca-Cola India0.33yrno datano data
David Weinberg
Independent Director5.92yrsUS$251.64k0.22%
$ 456.9m


Average Tenure


Average Age

Experienced Board: KO's board of directors are considered experienced (8.9 years average tenure).


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

Insider Trading Volume

Insider Buying: KO insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

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

Top Shareholders

Company Information

The Coca-Cola Company's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: The Coca-Cola Company
  • Ticker: KO
  • Exchange: NYSE
  • Founded: 1886
  • Industry: Soft Drinks
  • Sector: Food, Beverage & Tobacco
  • Market Cap: US$208.469b
  • Shares outstanding: 4.30b
  • Website: https://www.coca-colacompany.com

Number of Employees


  • The Coca-Cola Company
  • One Coca-Cola Plaza
  • Atlanta
  • Georgia
  • 30301
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KONYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
KOBVL (Bolsa de Valores de Lima)YesCommon StockPEUSDJan 1968
KOSWX (SIX Swiss Exchange)YesCommon StockCHCHFJan 1968
CCC3DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968
KO *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1968
CCC3XTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1968
KOSNSE (Santiago Stock Exchange)YesCommon StockCLUSDJan 1968
COK-UETLX (Eurotlx)YesCommon StockITEURJan 1968
919390SWX (SIX Swiss Exchange)YesCommon StockCHUSDJan 1968
KOWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1968
US_KO__KAS (Kazakhstan Stock Exchange)YesCommon StockKZKZTJan 1968
KOBASE (Buenos Aires Stock Exchange)CEDEARS EACH 5 REP 1 COM USD0.25ARARSFeb 2000
COCA34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COM USD0.25BRBRLJul 2011


The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; j...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 23:50
End of Day Share Price2021/01/19 00:00
Annual Earnings2019/12/31

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.