Coca-Cola Co. (KO) – Improvements in the beverage portfolio

Coca-Cola Co. (KO) (Q2FY23)

Stock performance: Coca-Cola stock gave returns of -2.6% and -6% in the period of three months and one year. The stock has a 52-week high of $64.99 and a 52-week low of $54.02. The stock gave returns of 18% and CAGR of 5.7% over a period of three years. The stock had a 200-Day Moving Average of $61.53 and a 50-Day Moving Average of $60.81.

Quarter Performance: In Q2FY23, net revenues grew 6% to $11.97bn, and organic revenues grew 11%, compared to $11.33bn. Revenue performance included 10% growth in price/mix and 1% growth in concentrate sales. Concentrate sales were 1 point ahead of unit case volume, largely due to the timing of concentrate shipments

Guidance: KO had updated its organic revenue growth guidance to 8%-9% . Company expects an effective tax rate of 19.3% and a currency-neutral EPS growth of 9%-11%. The comparable EPS growth is expected to be in the range of 5% to 6% in FY23.

Highlights

In Q2FY23, KO delivered 11% organic revenue growth led by pricing. In FY23, the company expects organic revenue growth in the range of 8% to 9% which includes positive volume growth while continuing to be led by price mix.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 37

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