Coca-Cola Co
KO
Market Cap$266.74B
Close$
Earnings Call Q3 2024
October 23, 2024 - AI Summary
**Third Quarter Performance and Volume Decline**: The Coca-Cola Company experienced a 1% decline in volume for Q3 2024, primarily driven by a slow start in July, although volumes improved in subsequent months. Despite this, the company managed to deliver a 9% organic revenue growth due to strong pricing and mix, leading to a 5% year-over-year increase in comparable earnings per share (EPS) at $0.77.
**Updated Full-Year Guidance**: Coca-Cola has raised its guidance for full-year 2024, expecting organic revenue growth of approximately 10% and comparable currency-neutral EPS growth of 14% to 15%. However, they anticipate a 5-point headwind to net revenues and a 9-point headwind to earnings per share due to currency fluctuations.
**Pricing Strategy and Market Dynamics**: The company has implemented an effective pricing strategy, achieving a 10% price/mix growth, split evenly between price increases and favorable mix driven by a focus on premium products. They are shifting their strategy towards affordability options in response to consumer behavior linked to inflation and economic pressures.
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$94.26
52.2% upside
Current Fair Value
52.2% upsideUndervalued by 52.2% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $266.74 Billion |
|---|---|
| Enterprise Value | $275.24 Billion |
| Dividend Yield | $1.94 (3.13307493540052%) |
| Earnings per Share | $2.48 |
| Beta | 0.62 |
| Outstanding Shares | 4,311,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 25.64 |
|---|---|
| PEG | -331.24 |
| Price to Sales | 6.19 |
| Price to Book Ratio | 10.32 |
| Enterprise Value to Revenue | 5.94 |
| Enterprise Value to EBIT | 31.48 |
| Enterprise Value to Net Income | 26 |
| Total Debt to Enterprise | 0.08 |
| Debt to Equity | 0.85 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Coca-Cola Co
86,200 employees
CEO: James Quincey The Coca-Cola Company is a total beverage company with products sold in more than 200 countries and territories. The company’s purpose is to refresh the world and make a difference. The Company's portfolio of brands includes Coca-Cola, S...