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Coca-Cola FEMSA. de

NYSE:KOF
Snowflake Description

Average dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KOF
NYSE
$105B
Market Cap
  1. Home
  2. US
  3. Food, Beverage & Tobacco
Company description

Coca-Cola FEMSA, S.A.B. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The last earnings update was 24 days ago. More info.


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KOF Share Price and Events
7 Day Returns
1.1%
NYSE:KOF
2.6%
US Beverage
-0.7%
US Market
1 Year Returns
5.8%
NYSE:KOF
14.9%
US Beverage
3%
US Market
KOF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coca-Cola FEMSA. de (KOF) 1.1% -3% 3.7% 5.8% -19.3% -46.1%
US Beverage 2.6% 4.5% 8.1% 14.9% 9.4% 11.5%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • KOF underperformed the Beverage industry which returned 14.9% over the past year.
  • KOF outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
KOF
Industry
5yr Volatility vs Market

Value

 Is Coca-Cola FEMSA. de 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 FEMSA. de 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 FEMSA. de.

NYSE:KOF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:KOF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.616 (1 + (1- 30%) (3.85%))
0.754
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:KOF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Coca-Cola FEMSA. de is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:KOF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MXN, Millions) Source Present Value
Discounted (@ 7.5%)
2019 11,751.06 Analyst x3 10,931.42
2020 18,067.90 Analyst x7 15,635.32
2021 19,644.63 Analyst x6 15,814.03
2022 21,731.48 Analyst x4 16,273.75
2023 24,397.51 Analyst x2 16,995.88
2024 26,315.69 Est @ 7.86% 17,053.46
2025 27,979.50 Est @ 6.32% 16,866.98
2026 29,446.96 Est @ 5.24% 16,513.44
2027 30,769.23 Est @ 4.49% 16,051.41
2028 31,988.38 Est @ 3.96% 15,523.46
Present value of next 10 years cash flows MX$157,659.15
NYSE:KOF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= MX$31,988.38 × (1 + 2.73%) ÷ (7.5% – 2.73%)
MX$689,212.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MX$689,212.79 ÷ (1 + 7.5%)10
MX$334,464.08
NYSE:KOF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MX$157,659.15 + MX$334,464.08
MX$492,123.23
Equity Value per Share
(MXN)
= Total value / Shares Outstanding
= MX$492,123.23 / 1,680.67
MX$292.81
NYSE:KOF Discount to Share Price
Calculation Result
Exchange Rate MXN/USD
(Reporting currency to currency of NYSE:KOF)
0.052
Value per Share
(USD)
= Value per Share in MXN x Exchange Rate (MXN/USD)
= MX$292.81 x 0.052
$15.29
Value per share (USD) From above. $15.29
Current discount Discount to share price of $62.73
= -1 x ($62.73 - $15.29) / $15.29
-310.3%

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

  • The current share price of Coca-Cola FEMSA. de is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 FEMSA. de's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coca-Cola FEMSA. de's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:KOF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in MXN MX$19.32
NYSE:KOF Share Price ** NYSE (2019-05-17) in USD $62.73
NYSE:KOF Share Price converted to MXN reporting currency Exchange rate (USD/ MXN) 19.154 MX$1201.5
United States of America Beverage Industry PE Ratio Median Figure of 16 Publicly-Listed Beverage Companies 29.77x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

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

** Primary Listing of Coca-Cola FEMSA. de.

NYSE:KOF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KOF Share Price ÷ EPS (both in MXN)

= 1201.5 ÷ 19.32

62.18x

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

  • Coca-Cola FEMSA. de is overvalued based on earnings compared to the US Beverage industry average.
  • Coca-Cola FEMSA. de is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Coca-Cola FEMSA. de's expected growth come at a high price?
Raw Data
NYSE:KOF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 62.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
13.7%per year
United States of America Beverage Industry PEG Ratio Median Figure of 12 Publicly-Listed Beverage Companies 2.5x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:KOF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 62.18x ÷ 13.7%

4.54x

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

  • Coca-Cola FEMSA. de is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Coca-Cola FEMSA. de's assets?
Raw Data
NYSE:KOF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in MXN MX$90.38
NYSE:KOF Share Price * NYSE (2019-05-17) in USD $62.73
NYSE:KOF Share Price converted to MXN reporting currency Exchange rate (USD/ MXN) 19.154 MX$1201.5
United States of America Beverage Industry PB Ratio Median Figure of 28 Publicly-Listed Beverage Companies 6.67x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:KOF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KOF Share Price ÷ Book Value per Share (both in MXN)

= 1201.5 ÷ 90.38

13.29x

* Primary Listing of Coca-Cola FEMSA. de.

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

  • Coca-Cola FEMSA. de is overvalued based on assets compared to the US Beverage industry average.
X
Value checks
We assess Coca-Cola FEMSA. de'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 FEMSA. de has a total score of 0/6, 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.

Future Performance

 How is Coca-Cola FEMSA. de expected to perform in the next 1 to 3 years based on estimates from 17 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
13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coca-Cola FEMSA. de expected to grow at an attractive rate?
  • Coca-Cola FEMSA. de's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Coca-Cola FEMSA. de's earnings growth is positive but not above the United States of America market average.
  • Coca-Cola FEMSA. de's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:KOF Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:KOF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 13.7%
NYSE:KOF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 1.3%
United States of America Beverage Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
United States of America Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NYSE:KOF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in MXN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:KOF Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 226,795 41,026 1
2022-12-31 181,439 38,073 21,785 3
2021-12-31 206,308 30,623 16,951 9
2020-12-31 206,158 28,208 15,276 17
2019-12-31 195,466 32,887 13,692 17
NYSE:KOF Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2019-03-31 184,467 32,021 11,164
2018-12-31 182,342 29,543 10,936
2018-09-30 197,316 24,448 -14,709
2018-06-30 197,632 31,409 -14,428
2018-03-31 177,637 32,105 -19,877
2017-12-31 183,256 33,236 -16,058
2017-09-30 194,132 33,655 13,022
2017-06-30 192,018 35,682 12,149
2017-03-31 190,744 33,081 13,861
2016-12-31 177,718 32,446 10,070
2016-09-30 163,480 27,614 9,898
2016-06-30 158,790 24,501 9,621

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Coca-Cola FEMSA. de's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
  • Coca-Cola FEMSA. de's revenue is expected to grow by 1.3% 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
NYSE:KOF 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 17 Analyst Estimates (S&P Global) See Below

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

NYSE:KOF Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 79.81 82.56 77.05 2.00
2020-12-31 71.01 79.43 53.06 5.00
2019-12-31 60.67 67.17 50.57 4.00
NYSE:KOF Past Financials Data
Date (Data in MXN Millions) EPS *
2019-03-31 19.32
2018-12-31 52.05
2018-09-30 -70.03
2018-06-30 -68.73
2018-03-31 -94.81
2017-12-31 -76.80
2017-09-30 62.54
2017-06-30 58.55
2017-03-31 66.90
2016-12-31 48.58
2016-09-30 47.67
2016-06-30 46.34

*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 FEMSA. de 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 FEMSA. de'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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 FEMSA. de has a total score of 1/6, 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.

Past Performance

  How has Coca-Cola FEMSA. de 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 FEMSA. de'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 FEMSA. de's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Coca-Cola FEMSA. de has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Coca-Cola FEMSA. de has become profitable in the last year making it difficult to compare the US Beverage industry average.
Earnings and Revenue History
Coca-Cola FEMSA. de'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 FEMSA. de Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KOF Past Revenue, Cash Flow and Net Income Data
Date (Data in MXN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 184,467.42 11,163.90 58,602.44
2018-12-31 182,342.00 10,936.00 58,126.00
2018-09-30 197,315.56 -14,709.42 62,621.92
2018-06-30 197,631.92 -14,428.25 62,901.53
2018-03-31 177,637.04 -19,876.76 56,596.42
2017-12-31 183,256.00 -16,058.00 58,226.00
2017-09-30 194,132.04 13,021.77 61,985.78
2017-06-30 192,018.34 12,148.88 60,645.76
2017-03-31 190,743.78 13,861.39 59,668.65
2016-12-31 177,718.00 10,070.00 55,581.00
2016-09-30 163,479.54 9,897.57 51,415.75
2016-06-30 158,789.77 9,620.96 50,217.28
2016-03-31 154,581.07 10,425.48 49,110.29
2015-12-31 152,360.00 10,235.00 48,439.00
2015-09-30 133,691.60 9,045.72 40,888.27
2015-06-30 137,811.87 10,400.75 42,651.34
2015-03-31 141,814.14 10,344.48 44,351.21
2014-12-31 147,298.00 10,542.00 46,850.00
2014-09-30 169,388.37 11,665.63 55,321.82
2014-06-30 165,100.89 11,276.57 54,073.51
2014-03-31 161,397.35 11,467.23 52,892.86
2013-12-31 156,011.00 11,543.00 51,214.00
2013-09-30 151,273.50 12,702.27 49,014.03
2013-06-30 149,972.98 13,291.74 48,001.11
2013-03-31 148,270.19 13,126.07 47,262.35
2012-12-31 147,739.00 13,333.00 46,428.00
2012-09-30 143,532.57 12,220.50 44,864.09
2012-06-30 137,416.80 10,985.08 42,946.51

*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 FEMSA. de has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Coca-Cola FEMSA. de used its assets less efficiently than the US Beverage industry average last year based on Return on Assets.
  • Coca-Cola FEMSA. de's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Coca-Cola FEMSA. de'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 FEMSA. de has a total score of 0/6, 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.

Health

 How is Coca-Cola FEMSA. de'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 FEMSA. de's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Coca-Cola FEMSA. de's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Coca-Cola FEMSA. de's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Coca-Cola FEMSA. de'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 not covered by short term assets, assets are 0.7x 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 FEMSA. de Company Filings, last reported 1 month ago.

NYSE:KOF Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 125,482.85 77,821.47 24,363.59
2018-12-31 131,750.00 82,587.00 23,727.00
2018-09-30 131,118.69 89,953.09 19,817.70
2018-06-30 132,828.76 93,261.47 24,166.80
2018-03-31 128,945.61 78,695.30 20,116.57
2017-12-31 140,710.00 87,801.00 18,767.00
2017-09-30 135,433.82 78,664.97 21,016.76
2017-06-30 127,729.72 87,595.75 24,829.59
2017-03-31 131,307.55 81,448.62 14,121.19
2016-12-31 129,233.00 88,909.00 10,476.00
2016-09-30 118,995.27 73,485.82 21,168.19
2016-06-30 114,168.90 71,375.17 16,781.98
2016-03-31 105,917.46 67,892.49 18,870.41
2015-12-31 108,735.00 66,730.00 15,989.00
2015-09-30 103,745.05 74,288.03 17,424.67
2015-06-30 104,743.64 69,502.52 13,529.46
2015-03-31 100,040.60 67,426.77 13,377.83
2014-12-31 110,118.00 66,027.00 12,958.00
2014-09-30 115,427.04 61,550.12 21,596.87
2014-06-30 113,905.64 60,266.69 19,235.44
2014-03-31 108,741.04 60,495.48 19,078.38
2013-12-31 117,153.00 60,461.00 15,306.00
2013-09-30 112,520.56 44,589.89 23,764.82
2013-06-30 108,312.53 37,780.23 19,929.47
2013-03-31 96,232.83 28,569.31 14,199.89
2012-12-31 104,828.00 29,914.00 23,234.00
2012-09-30 99,055.20 20,612.28 11,162.53
2012-06-30 97,873.55 21,188.31 9,192.39
  • Coca-Cola FEMSA. de's level of debt (62%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (55.6% vs 62% today).
  • Debt is well covered by operating cash flow (41.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4x coverage).
X
Financial health checks
We assess Coca-Cola FEMSA. de'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 FEMSA. de has a total score of 2/6, 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.

Dividends

 What is Coca-Cola FEMSA. de'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
2.95%
Current annual income from Coca-Cola FEMSA. de dividends. Estimated to be 3.36% next year.
If you bought $2,000 of Coca-Cola FEMSA. de shares you are expected to receive $59 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 FEMSA. de's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Coca-Cola FEMSA. de's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
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
NYSE:KOF 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 17 Analyst Estimates (S&P Global) See Below
United States of America Beverage Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:KOF Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 40.11 4.00
2020-12-31 43.76 7.00
2019-12-31 34.65 4.00
NYSE:KOF Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2019-03-15 35.400 2.879
2019-02-26 35.400 3.031
2018-03-09 33.500 2.824
2018-02-22 33.500 2.588
2017-02-27 33.500 2.389
2017-02-24 33.500 2.575
2016-03-08 33.500 2.373
2015-04-15 30.900 2.496
2015-02-26 30.900 2.504
2014-03-07 29.000 2.103
2013-03-05 29.000 1.719
2012-03-21 27.700 1.666
2011-04-27 23.600 2.022
2011-01-18 23.600 2.528
2010-04-15 14.100 1.517
2009-06-30 7.278 1.034

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Coca-Cola FEMSA. de's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Coca-Cola FEMSA. de's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 FEMSA. de afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coca-Cola FEMSA. de has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Coca-Cola FEMSA. de'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
John Santa Maria Otazua
AGE 61
TENURE AS CEO 5.3 years
CEO Bio

Mr. John Anthony Santa Maria Otazua has been the Chief Executive Officer of Coca-Cola FEMSA of Fomento Economico Mexicano S.A.B. de C.V. since January 2014. Mr. Santa Maria Otazua has been the Chief Executive Officer of Coca-Cola FEMSA S.A.B de C.V. since January 1, 2014. He served as Chief Operating Officer of South America at Coca-Cola FEMSA S.A.B de C.V until January 1, 2014 and its Strategic Planning and Business Development Officer. He served as Director of Strategic Planning and Commercial Development at Coca-Cola FEMSA. He has been an Independent Director at Gentera S.A.B. de C.V. since 2008. He has been a Director at Coca-Cola FEMSA S.A.B de C.V. since 2014. He serves as an Independent Director of Banco Compartamos, S.A., Institución de Banca Múltiple since 2008 and served as its Propietary Director. He had a Career trajectory in McKinsey & Company and PepsiCo. He joined Coca-Cola FEMSA in 1995 where he was President of Operations for Mexico, Strategic Planning and Mergers and Acquisition Officer. He Holds a Degree in Business Administration and an MBA in Finance from the Southern Methodist University in Dallas, Texas.

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

Average tenure and age of the Coca-Cola FEMSA. de management team in years:

4.3
Average Tenure
51.5
Average Age
  • The tenure for the Coca-Cola FEMSA. de management team is about average.
Management Team

John Santa Maria Otazua

TITLE
CEO & Director
AGE
61
TENURE
5.3 yrs

Constantino Montesinos

TITLE
Chief Financial Officer
AGE
48
TENURE
0.3 yrs

Roland Karig

TITLE
Head of Investor Relations
TENURE
4.3 yrs

Carlos Díaz Saénz

TITLE
General Counsel
AGE
58
TENURE
12.3 yrs

Karina Paola Pérez

TITLE
Human Resources Officer
AGE
50
TENURE
1.3 yrs

Alfonso Garza Garza

TITLE
Chief Officer of Strategic Business of FEMSA
AGE
56

Jose Castro

TITLE
Director of Operative Planning & Projects of Mexico and Central America Division
TENURE
5.1 yrs

Eduardo Hernández Peña

TITLE
Chief Operating Officer - Latin America
AGE
53
TENURE
1.3 yrs

Ian Craig García

TITLE
Chief Operating Officer of Brazil
AGE
46
TENURE
3.3 yrs

Washington Fabricio García

TITLE
Chief Operating Officer of Mexico
AGE
50
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Coca-Cola FEMSA. de board of directors in years:

19.3
Average Tenure
66.5
Average Age
  • The average tenure for the Coca-Cola FEMSA. de board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

José Antonio Fernández Carbajal

TITLE
Chairman
AGE
64
TENURE
18.2 yrs

John Santa Maria Otazua

TITLE
CEO & Director
AGE
61
TENURE
5.3 yrs

Carlos Lomelín

TITLE
Chief Executive Officer of Femsa
AGE
67
TENURE
19.3 yrs

Ricardo Guajardo Touché

TITLE
Independent Director
AGE
70
TENURE
26.3 yrs

Víctor Alberto Celorio

TITLE
Independent Director
AGE
67

Pete McTier

TITLE
Independent Director
AGE
79
TENURE
21.3 yrs

Miguel Padilla Silva

TITLE
Director
AGE
63
TENURE
3.3 yrs

Daniel Servitje Montull

TITLE
Independent Director
AGE
59
TENURE
21.3 yrs

Federico Jose Reyes García

TITLE
Director
AGE
73
TENURE
26.3 yrs

José Reyes Lagunes

TITLE
Director
AGE
66
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Coca-Cola FEMSA. de'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 FEMSA. de 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.

News

Simply Wall St News

How Does Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Fare As A Dividend Stock?

(NYSE:KOF) be an attractive dividend share to own for the long haul? … On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … NYSE:KOF Historical Dividend Yield, May 7th 2019

Simply Wall St -

Is It Too Late To Buy Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) At Its April Price?

(NYSE:KOF) is considered a high-growth stock, but its last closing price of $65.85 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Check out our latest analysis for Coca-Cola FEMSA. … Analysts are predicting good growth prospects for Coca-Cola FEMSA.

Simply Wall St -

Is Coca-Cola FEMSA, S.A.B. de C.V.'s (NYSE:KOF) Balance Sheet Strong Enough To Weather A Storm?

There are a number of reasons that attract investors towards large-cap companies such as Coca-Cola FEMSA, S.A.B. … This article will examine Coca-Cola FEMSA. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.

Simply Wall St -

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF): What Does The Future Look Like?

de C.V.'s (NYSE:KOF) earnings update on 31 December 2018, … analyst consensus outlook appear cautiously optimistic, … with earnings expected to grow by 28% in the upcoming year

Simply Wall St -

Those Who Purchased Coca-Cola FEMSA. de Shares Five Years Ago Have A 38% Loss To Show For It

By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, Coca-Cola FEMSA. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

Simply Wall St -

How Much Of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Do Institutions Own?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We'd expect to see both institutions and retail investors owning a portion of the company. … institutions are noticeable on the share registry.

Simply Wall St -

Should You Worry About Coca-Cola FEMSA, S.A.B. de C.V.’s (NYSE:KOF) ROCE?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Investors Are Undervaluing Coca-Cola FEMSA SAB de CV (NYSE:KOF) By 28.49%

by projecting its future cash flows and then discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

How Many Coca-Cola FEMSA SAB de CV (NYSE:KOF) Shares Do Institutions Own?

Every investor in Coca-Cola FEMSA SAB de CV (NYSE:KOF) should be aware of the most powerful shareholder groups. … Generally speaking, as a company grows, institutions will increase their ownership. … With a market capitalization of US$13b, Coca-Cola FEMSA.

Simply Wall St -

What Does Coca-Cola FEMSA SAB de CV's (NYSE:KOF) Share Price Indicate?

Coca-Cola FEMSA SAB de CV (NYSE:KOF). … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on Coca-Cola FEMSA

Simply Wall St -

Company Info

Description

Coca-Cola FEMSA, S.A.B. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks. It provides a portfolio of 131 brands through retail outlets, such as wholesale supermarkets, discount stores, and convenience stores; sidewalk stands, restaurants, bars, and various types of dispensing machines, as well as point-of-sale programs in stadiums, concert halls, auditoriums, and theaters; home delivery; and other locations. The company operates in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, Venezuela, and Uruguay. Coca-Cola FEMSA, S.A.B. de C.V. was founded in 1979 and is headquartered in Mexico City, Mexico.

Details
Name: Coca-Cola FEMSA, S.A.B. de C.V.
KOF
Exchange: NYSE
Founded: 1979
$105,428,166,198
1,680,665,809
Website: http://www.coca-colafemsa.com
Address: Coca-Cola FEMSA, S.A.B. de C.V.
Calle Mario Pani No. 100,
Santa Fe Cuajimalpa,
Mexico City,
Distrito Federal, 05348,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KOF ADS ECH REP 10 UNTS(ECH UT CONSIT SER L) New York Stock Exchange US USD 14. Sep 1993
DB CFSL ADS ECH REP 10 UNTS(ECH UT CONSIT SER L) Deutsche Boerse AG DE EUR 14. Sep 1993
BMV KOF UBL Series L Shares Bolsa Mexicana de Valores MX MXN 03. Feb 1998
OTCPK COCS.F Series L Shares Pink Sheets LLC US USD 03. Feb 1998
DB CFS1 Series L Shares Deutsche Boerse AG DE EUR 03. Feb 1998
Number of employees
Current staff
Staff numbers
83,000
Coca-Cola FEMSA. de employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:29
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/18
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.