The Coca-Cola Company is a multinational beverage company based in Atlanta, Georgia. Founded in 1892 by pharmacist John Stith Pemberton, Coca-Cola is best known for its Coca-Cola carbonated beverage thats global popularity helped propel the beverage company to becoming one of the world's largest companies. Today’s Coca Cola has a beverage line that also includes popular brands such as Sprite, Minute Maid, Zico Coconut Water, Honest Tea, Dasani and Powerade.
April 29, 2024: Coca-Cola on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations as consumers drank more of its Fanta and Fairlife beverages, according to CNBC.
April 9, 2024: Coca-Cola had a positive trading day, outperforming competitors and showing strength across a fairly flat market. Also, Disney has teamed up with Coca-Cola (KO) for a joint global campaign involving the Marvel franchise.
Given the strong quarter, KO updated its FY24 guidance and now expects organic revenue growth of +8-9% and f/x-neutral EPS growth of +11-13%, which are quite strong relative to its peers.
Meanwhile, the analyst noted KO’s ability to generate faster dollar EPS growth this year is somewhat limited, which could weigh on the stock in the near term.
The analyst noted that North American volumes sequentially improved in the last two months of the first quarter as consumer elasticities remained resilient.
The analyst expects KO’s organic topline growth this year to be more balanced between volume and price/mix. However, the analyst noted the company’s organic sales guidance should be doable but could prove challenging given the difficult operating/macro environment, according to Business Insider.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, The Coca-Cola Company's shares have ranged in value from as little as $50.737 up to $62.83. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while The Coca-Cola Company's is 0.586. This would suggest that The Coca-Cola Company's shares are less volatile than average (for this exchange).
Historical closes compared with the last close of $62.73
| 1 week (2024-04-30) | 1.29% |
|---|---|
| 1 month (2024-04-07) | 5.84% |
| 3 months (2024-02-07) | 4.85% |
| 6 months (2023-11-07) | 9.88% |
| 1 year (2023-05-07) | -1.86% |
| 2 years (2022-05-05) | -3.10% |
| 3 years (2021-05-06) | 15.08% |
| 5 years (2019-05-07) | 31.10% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the The Coca-Cola Company P/E ratio, PEG ratio and EBITDA
The Coca-Cola Company's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 25x. In other words, The Coca-Cola Company stocks trade at around 25x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
However, The Coca-Cola Company's P/E ratio is best considered in relation to those of others within the industry or those of similar companies.
The Coca-Cola Company's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.9336. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into The Coca-Cola Company's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
However, it's sensible to consider The Coca-Cola Company's PEG ratio in relation to those of similar companies.
The Coca-Cola Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $14.7 billion.
The EBITDA is a measure of a The Coca-Cola Company's overall financial performance and is widely used to measure a its profitability.
To put that into context you can compare it against similar companies.
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