The Coca-Cola Company

NYSE:KO Stock Report

Market Cap: US$269.0b

Coca-Cola Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 ($62.55) is trading below our estimate of fair value ($92.7)

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 Ratio25.9x
EarningsUS$10.41b
Market CapUS$269.02b

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 Average22.2x
PEP PepsiCo
22.7x9.1%US$210.2b
MNST Monster Beverage
31.3x11.4%US$49.5b
KDP Keurig Dr Pepper
19.3x6.3%US$43.9b
KOF Coca-Cola FEMSA. de
15.4x12.0%US$16.5b
KO Coca-Cola
25.9x8.9%US$269.0b

Price-To-Earnings vs Peers: KO is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the peer average (22.2x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASII Accredited Solutions
0.5xn/aUS$1.33m
VWES.Q Vintage Wine Estates
n/an/aUS$5.99k
No more companies available in this PE range
KO 25.9xIndustry Avg. 18.2xNo. of Companies3PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KO is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the Global Beverage industry average (18.2x).

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 Ratio25.9x
Fair PE Ratio28.8x

Price-To-Earnings vs Fair Ratio: KO is good value based on its Price-To-Earnings Ratio (25.9x) compared to the estimated Fair Price-To-Earnings Ratio (28.8x).

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 KO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$62.55
US$73.72
+17.9%
7.1%US$85.00US$64.00n/a24
Dec ’25US$64.08
US$74.38
+16.1%
7.3%US$85.00US$64.00n/a24
Nov ’25US$65.01
US$74.38
+14.4%
7.3%US$85.00US$64.00n/a24
Oct ’25US$71.71
US$73.09
+1.9%
7.4%US$85.00US$64.00n/a25
Sep ’25US$72.47
US$70.89
-2.2%
5.4%US$78.00US$60.00n/a25
Aug ’25US$67.96
US$70.01
+3.0%
5.4%US$78.00US$60.00n/a25
Jul ’25US$63.28
US$67.96
+7.4%
6.1%US$78.00US$60.00n/a26
Jun ’25US$62.93
US$67.09
+6.6%
5.5%US$74.00US$60.00n/a23
May ’25US$61.93
US$66.89
+8.0%
5.5%US$74.00US$60.00n/a24
Apr ’25US$60.68
US$66.10
+8.9%
5.1%US$74.00US$60.00n/a23
Mar ’25US$59.53
US$65.97
+10.8%
5.2%US$74.00US$60.00n/a23
Feb ’25US$60.98
US$65.36
+7.2%
5.5%US$74.00US$59.00n/a23
Jan ’25US$58.93
US$64.62
+9.7%
6.0%US$74.00US$59.00n/a23
Dec ’24US$58.64
US$64.14
+9.4%
6.0%US$74.00US$59.00US$64.0823
Nov ’24US$56.44
US$64.06
+13.5%
5.9%US$74.00US$59.00US$65.0122
Oct ’24US$55.98
US$69.34
+23.9%
6.0%US$76.00US$60.00US$71.7122
Sep ’24US$59.31
US$69.71
+17.5%
6.0%US$76.00US$58.00US$72.4723
Aug ’24US$61.77
US$69.54
+12.6%
6.0%US$76.00US$58.00US$67.9623
Jul ’24US$60.22
US$69.36
+15.2%
5.9%US$75.00US$58.00US$63.2823
Jun ’24US$60.00
US$69.55
+15.9%
6.2%US$77.00US$58.00US$62.9324
May ’24US$64.30
US$69.23
+7.7%
6.2%US$77.00US$58.00US$61.9325
Apr ’24US$62.03
US$67.68
+9.1%
6.5%US$77.00US$58.00US$60.6826
Mar ’24US$58.86
US$67.91
+15.4%
6.3%US$77.00US$58.00US$59.5325
Feb ’24US$61.33
US$67.70
+10.4%
6.5%US$77.00US$58.00US$60.9823
Jan ’24US$63.61
US$67.13
+5.5%
7.1%US$77.00US$58.00US$58.9324
Dec ’23US$63.79
US$66.60
+4.4%
7.5%US$78.00US$58.00US$58.6425

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 Analysis2024/12/20 22:29
End of Day Share Price 2024/12/20 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. 19 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