Coca-Cola FEMSA, S.A.B. de C.V. (KOF) 10-Year Financial Performance & Capital Metrics

KOF • • Industrial / General

Consumer DefensiveNon-Alcoholic BeveragesCarbonated Soft Drinks & BottlersCoca-Cola System Bottlers

AboutCoca-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 other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks. It provides a portfolio of products through retail outlets, such as wholesale supermarkets, discount stores, and convenience stores; retailers, such as restaurants and bars, as well as stadiums, auditoriums, and theaters; points-of-sale outlets; and home delivery, supermarkets, and other locations. In addition, the company distributes and sells Heineken beer products in its Brazilian territories. It operates in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company was founded in 1979 and is headquartered in Mexico City, Mexico. Coca-Cola FEMSA, S.A.B. de C.V. is a subsidiary of Fomento Economico Mexicano, S.A.B. de C.V.Show more

Revenue $279.79B +14.2%
EBITDA $50.71B +13.0%
Net Income $23.73B +21.5%
EPS (Diluted) 113.00 +21.5%
Gross Margin 46.01% +1.7%
EBITDA Margin 18.12% -1.0%
Operating Margin 13.79% -1.6%
Net Margin 8.48% +6.4%
ROE 16.7% +13.5%
ROIC 15.72% +5.1%
Debt/Equity 0.52 +0.5%
Interest Coverage 8.19 +7.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 15.4%
✓Trading near 52-week high
✓Trading at only 0.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.63%

5Y7.55%

3Y12.83%

TTM43.83%

Profit (Net Income) CAGR

10Y8.45%

5Y14.42%

3Y14.74%

TTM45.17%

EPS CAGR

10Y8.3%

5Y14.43%

3Y14.74%

TTM10.85%

ROCE

10Y Avg15.12%

5Y Avg18.52%

3Y Avg15.4%

Latest16.79%

Peer Comparison

Coca-Cola System Bottlers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CCEPCoca-Cola Europacific Partners PLC	40.03B	89.24	28.97	11.67%	7.86%	36.99%	5.67%	1.26
COKECoca-Cola Consolidated, Inc.	8.53B	150.85	21.58	3.69%	8.43%	35.92%	5.92%	1.35
KOFCoca-Cola FEMSA, S.A.B. de C.V.	21.25B	101.15	0.90	14.16%	8.18%	16.3%	78.35%	0.52
AKO-AEmbotelladora Andina S.A.	1.85B	23.50	0.02	23.14%	7.81%	23.29%	100%	1.10

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	152.36B	177.72B	203.78B	182.34B	194.47B	183.62B	194.8B	226.74B	245.09B	279.79B
Revenue Growth %	0.03%	0.17%	0.15%	-0.11%	0.07%	-0.06%	0.06%	0.16%	0.08%	0.14%
Cost of Goods Sold+	80.33B	98.06B	112.09B	98.4B	106.96B	100.8B	106.21B	126.44B	134.23B	151.06B
COGS % of Revenue	0.53%	0.55%	0.55%	0.54%	0.55%	0.55%	0.55%	0.56%	0.55%	0.54%
Gross Profit+	72.03B	79.66B	91.69B	83.94B	87.51B	82.81B	88.6B	100.3B	110.86B	128.74B
Gross Margin %	0.47%	0.45%	0.45%	0.46%	0.45%	0.45%	0.45%	0.44%	0.45%	0.46%
Gross Profit Growth %	0.05%	0.11%	0.15%	-0.08%	0.04%	-0.05%	0.07%	0.13%	0.11%	0.16%
Operating Expenses+	49.38B	55.78B	65.41B	58.96B	60.74B	57.61B	61.12B	69.67B	76.51B	90.16B
OpEx % of Revenue	0.32%	0.31%	0.32%	0.32%	0.31%	0.31%	0.31%	0.31%	0.31%	0.32%
Selling, General & Admin	48.28B	55.46B	58.04B	57.92B	60.54B	56.44B	60.72B	68.98B	76.1B	88.5B
SG&A % of Revenue	0.32%	0.31%	0.28%	0.32%	0.31%	0.31%	0.31%	0.3%	0.31%	0.32%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-650M	0	-28.16B	-848M	200M	1.16B	395M	682M	413M	1.66B
Operating Income+	22.64B	23.92B	26.18B	24.67B	26.77B	25.2B	27.48B	30.64B	34.35B	38.58B
Operating Margin %	0.15%	0.13%	0.13%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%
Operating Income Growth %	0.09%	0.06%	0.09%	-0.06%	0.08%	-0.06%	0.09%	0.11%	0.12%	0.12%
EBITDA+	29.79B	32.59B	37.83B	34.7B	35.4B	35.23B	37.32B	41.06B	44.88B	50.71B
EBITDA Margin %	0.2%	0.18%	0.19%	0.19%	0.18%	0.19%	0.19%	0.18%	0.18%	0.18%
EBITDA Growth %	0.08%	0.09%	0.16%	-0.08%	0.02%	-0%	0.06%	0.1%	0.09%	0.13%
D&A (Non-Cash Add-back)	7.14B	8.67B	11.66B	10.03B	8.63B	10.03B	9.83B	10.43B	10.53B	12.13B
EBIT	18.2B	18.38B	-6.92B	21.98B	26.31B	22.41B	27.5B	30.02B	33.28B	40.72B
Net Interest Income+	-3.3B	-3.67B	-3.83B	-4.19B	-3.73B	-5.67B	-4.16B	-2.38B	-1.83B	-2.35B
Interest Income	414M	715M	887M	1B	1.23B	1.05B	932M	2.41B	3.19B	3.04B
Interest Expense	6.34B	7.47B	8.81B	7.57B	6.9B	7.89B	6.19B	6.5B	4.49B	4.71B
Other Income/Expense	-8.5B	-9.48B	-36.73B	-8.23B	-8.49B	-9.41B	-4.54B	-4.46B	-5.34B	-2.26B
Pretax Income+	14.88B	14.46B	-7.1B	16.96B	18.28B	15.8B	22.94B	26.17B	29.01B	36.32B
Pretax Margin %	0.1%	0.08%	-0.03%	0.09%	0.09%	0.09%	0.12%	0.12%	0.12%	0.13%
Income Tax+	4.55B	3.93B	4.55B	5.26B	5.65B	5.43B	6.61B	6.55B	8.78B	11.77B
Effective Tax Rate %	0.69%	0.7%	1.8%	0.82%	0.66%	0.65%	0.68%	0.73%	0.67%	0.65%
Net Income+	10.23B	10.07B	-12.8B	13.91B	12.1B	10.31B	15.71B	19.03B	19.54B	23.73B
Net Margin %	0.07%	0.06%	-0.06%	0.08%	0.06%	0.06%	0.08%	0.08%	0.08%	0.08%
Net Income Growth %	-0.03%	-0.02%	-2.27%	2.09%	-0.13%	-0.15%	0.52%	0.21%	0.03%	0.21%
Net Income (Continuing)	10.33B	10.53B	-15.38B	11.7B	12.63B	10.37B	16.33B	19.63B	20.23B	24.55B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	3.99B	7.1B	18.14B	6.81B	6.75B	280.19M	6.02B	6.49B	6.68B	7.11B
EPS (Diluted)+	49.40	48.50	-61.20	66.20	57.60	49.10	74.80	90.60	93.00	113.00
EPS Growth %	-0.03%	-0.02%	-2.26%	2.08%	-0.13%	-0.15%	0.52%	0.21%	0.03%	0.22%
EPS (Basic)	49.40	48.60	-61.20	66.20	57.60	49.10	74.80	90.60	93.00	113.00
Diluted Shares Outstanding	207.29M	207.48M	209.13M	210.08M	210.08M	210.08M	210.08M	210.09M	210.09M	210.08M
Basic Shares Outstanding	207.29M	207.29M	209.13M	210.08M	210.08M	210.08M	210.08M	210.09M	210.09M	210.08M
Dividend Payout Ratio	0.63%	0.7%	-	0.51%	0.61%	1%	0.68%	0.6%	0.63%	0.54%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	42.23B	45.45B	55.66B	57.49B	56.8B	3.64B	80.36B	79.21B	67.74B	75.13B
Cash & Short-Term Investments	15.99B	10.48B	18.77B	23.73B	20.49B	2.19B	47.25B	40.28B	31.06B	32.78B
Cash Only	15.99B	10.48B	18.77B	23.73B	20.49B	2.19B	47.25B	40.28B	31.06B	32.78B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	13.87B	19.38B	22.75B	14.85B	15.48B	852.88M	18.31B	22.23B	23.17B	25.4B
Days Sales Outstanding	33.22	39.8	40.74	29.72	29.05	1.7	34.3	35.79	34.51	33.14
Inventory	8.07B	10.74B	11.36B	10.05B	10.54B	563.6M	11.96B	11.89B	11.88B	14.06B
Days Inventory Outstanding	36.65	39.99	37	37.28	35.96	2.04	41.1	34.32	32.3	33.97
Other Current Assets	1.42B	1.71B	929M	951M	1.37B	26.4M	1.04B	3.12B	722M	1.12B
Total Non-Current Assets+	168.02B	233.8B	230.02B	206.3B	201.04B	9.57B	191.2B	198.78B	205.78B	232.85B
Property, Plant & Equipment	50.53B	65.29B	75.83B	61.94B	62.57B	3.06B	63.66B	73.27B	81.12B	102.37B
Fixed Asset Turnover	3.02x	2.72x	2.69x	2.94x	3.11x	60.07x	3.06x	3.09x	3.02x	2.73x
Goodwill	21.04B	33.58B	26.23B	23.73B	25.83B	1.18B	22.91B	23.26B	22.34B	22.01B
Intangible Assets	69.72B	90.38B	98.02B	93.08B	86.22B	4.04B	79.27B	79.86B	78.82B	79.86B
Long-Term Investments	17.87B	22.36B	12.54B	10.52B	9.75B	518.03M	7.65B	8.45B	9.25B	10.23B
Other Non-Current Assets	4.76B	16.21B	9.4B	8.6B	6.24B	214.85M	9.38B	5.96B	6.49B	12.17B
Total Assets+	210.25B	279.26B	285.68B	263.79B	257.84B	13.2B	271.57B	278B	273.52B	307.99B
Asset Turnover	0.72x	0.64x	0.71x	0.69x	0.75x	13.91x	0.72x	0.82x	0.90x	0.91x
Asset Growth %	-0.01%	0.33%	0.02%	-0.08%	-0.02%	-0.95%	19.57%	0.02%	-0.02%	0.13%
Total Current Liabilities+	30.48B	39.87B	55.59B	45.52B	51.01B	2.15B	46.22B	57.96B	54.92B	67.17B
Accounts Payable	20.21B	27.84B	31.35B	19.75B	19.83B	862.96M	22.75B	26.84B	27.35B	33.77B
Days Payables Outstanding	91.85	103.65	102.09	73.24	67.67	3.12	78.17	77.47	74.37	81.61
Short-Term Debt	3.47B	3.05B	12.17B	11.6B	11.48B	279.89M	2.45B	8.52B	140M	3.31B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	207M	203M	3.92B	384M	802M	636.02M	84M	6.68B	7.98B	9.28B
Current Ratio	1.39x	1.14x	1.00x	1.26x	1.11x	1.69x	1.74x	1.37x	1.23x	1.12x
Quick Ratio	1.12x	0.87x	0.80x	1.04x	0.91x	1.43x	1.48x	1.16x	1.02x	0.91x
Cash Conversion Cycle	-21.98	-23.85	-24.34	-6.24	-2.67	0.61	-2.76	-7.36	-7.56	-14.5
Total Non-Current Liabilities+	71.03B	110.16B	89.37B	86.51B	77.14B	4.91B	97.77B	88.16B	84.9B	90.27B
Long-Term Debt	63.26B	85.86B	71.19B	70.2B	58.49B	4.14B	83.33B	70.14B	66.65B	71.9B
Capital Lease Obligations	393M	0	0	0	900M	37.44M	891M	1.66B	1.77B	2.29B
Deferred Tax Liabilities	1.12B	1.21B	1.71B	2.86B	3.77B	124.16M	2.71B	4.66B	4.67B	4.32B
Other Non-Current Liabilities	6.26B	23.09B	16.47B	13.46B	13.98B	606.41M	10.84B	11.69B	1.66B	11.77B
Total Liabilities	101.51B	150.02B	144.97B	132.04B	128.15B	7.06B	144B	146.12B	139.81B	157.44B
Total Debt+	66.73B	88.91B	83.36B	81.81B	71.36B	4.46B	87.29B	80.8B	69.31B	78.39B
Net Debt	50.74B	78.43B	64.59B	58.08B	50.87B	2.27B	40.04B	40.53B	38.25B	45.62B
Debt / Equity	0.61x	0.69x	0.59x	0.62x	0.55x	0.73x	0.68x	0.61x	0.52x	0.52x
Debt / EBITDA	2.24x	2.73x	2.20x	2.36x	2.02x	0.13x	2.34x	1.97x	1.54x	1.55x
Net Debt / EBITDA	1.70x	2.41x	1.71x	1.67x	1.44x	0.06x	1.07x	0.99x	0.85x	0.90x
Interest Coverage	3.57x	3.20x	2.97x	3.26x	3.88x	3.19x	4.44x	4.71x	7.64x	8.19x
Total Equity+	108.73B	129.23B	140.71B	131.75B	129.69B	6.15B	127.57B	131.88B	133.71B	150.54B
Equity Growth %	-0.01%	0.19%	0.09%	-0.06%	-0.02%	-0.95%	19.76%	0.03%	0.01%	0.13%
Book Value per Share	524.55	622.87	672.81	627.13	617.30	29.25	607.24	627.72	636.42	716.58
Total Shareholders' Equity	104.75B	122.14B	122.57B	124.94B	122.93B	5.87B	121.55B	125.39B	127.03B	143.43B
Common Stock	2.05B	2.05B	2.06B	2.06B	2.06B	103.39M	2.06B	2.06B	2.06B	2.06B
Retained Earnings	78.45B	81.58B	61.79B	71.27B	75.82B	3.81B	81.04B	88.66B	96B	106.96B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-17.24B	-2.5B	13.65B	7.58B	1.23B	-334.4M	-4.97B	-8.71B	-14.31B	-8.65B
Minority Interest	3.99B	7.1B	18.14B	6.81B	6.75B	280.19M	6.02B	6.49B	6.68B	7.11B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	23.2B	32.45B	33.24B	29.54B	31.29B	70.29B	32.72B	35.49B	42.29B	42.44B
Operating CF Margin %	0.15%	0.18%	0.16%	0.16%	0.16%	0.38%	0.17%	0.16%	0.17%	0.15%
Operating CF Growth %	-0.05%	0.4%	0.02%	-0.11%	0.06%	1.25%	-0.53%	0.08%	0.19%	0%
Net Income	14.88B	14.46B	-7.1B	18.27B	18.28B	15.8B	22.94B	26.17B	29.01B	36.32B
Depreciation & Amortization	7.14B	8.67B	11.66B	10.03B	10.64B	10.03B	9.83B	10.43B	10.53B	12.13B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	3.24B	5.62B	29.94B	3.08B	-28M	39.29B	-1.69B	-31M	179M	-2.78B
Working Capital Changes	-2.06B	3.71B	-1.26B	-1.83B	2.4B	5.18B	1.64B	-1.08B	2.57B	-3.23B
Change in Receivables	-1.01B	-2.73B	-3.53B	-2.1B	-1.86B	3.04B	-2.04B	-3.42B	-1.6B	-2.3B
Change in Inventory	-1.78B	-2.14B	-482M	-1.39B	-1.14B	190M	-2.26B	-179M	-779M	-2.21B
Change in Payables	3.33B	11.2B	3.72B	1.67B	5.73B	-1.04B	4.45B	3.42B	3.74B	5.15B
Cash from Investing+	-10.95B	-26.91B	-10.89B	-9.25B	-10.74B	-21.02B	-9.55B	-19.6B	-20.07B	-23.39B
Capital Expenditures	-11.5B	-12.69B	-14.82B	-11.29B	-11.74B	-9.94B	-9.99B	-17.73B	-20.63B	-23.94B
CapEx % of Revenue	0.08%	0.07%	0.07%	0.06%	0.06%	0.05%	0.05%	0.08%	0.08%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-368M	-1.34B	-2.77B	1.39B	1.57B	-9.5B	441M	-719M	1.84B	1.3B
Cash from Financing+	-8.57B	-9.73B	-10.78B	-14.27B	-22.79B	834M	-20.26B	-20.85B	-26.35B	-19.64B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.42B	-7.01B	-6.99B	-7.04B	-7.44B	-10.28B	-10.65B	-11.46B	-12.28B	-12.87B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.02B	-5.81B	-7.24B	-6.7B	-5.14B	-5.84B	-5.99B	-6.41B	-5.14B	-7.28B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	11.7B	19.75B	18.41B	18.25B	19.54B	60.35B	22.73B	17.76B	21.66B	16.65B
FCF Margin %	0.08%	0.11%	0.09%	0.1%	0.1%	0.33%	0.12%	0.08%	0.09%	0.06%
FCF Growth %	-0.09%	0.69%	-0.07%	-0.01%	0.07%	2.09%	-0.62%	-0.22%	0.22%	-0.23%
FCF per Share	56.45	95.20	88.05	86.88	93.03	287.27	108.20	84.52	103.09	79.25
FCF Conversion (FCF/Net Income)	2.27x	3.22x	-2.60x	2.12x	2.59x	6.82x	2.08x	1.86x	2.16x	1.79x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.35%	8.46%	-9.49%	10.21%	9.26%	15.18%	23.49%	14.67%	14.71%	16.7%
Return on Invested Capital (ROIC)	10.53%	9.77%	9.51%	9.37%	10.84%	20.01%	23.42%	13.51%	14.96%	15.72%
Gross Margin	47.28%	44.82%	44.99%	46.03%	45%	45.1%	45.48%	44.24%	45.23%	46.01%
Net Margin	6.72%	5.67%	-6.28%	7.63%	6.22%	5.61%	8.06%	8.39%	7.97%	8.48%
Debt / Equity	0.61x	0.69x	0.59x	0.62x	0.55x	0.73x	0.68x	0.61x	0.52x	0.52x
Interest Coverage	3.57x	3.20x	2.97x	3.26x	3.88x	3.19x	4.44x	4.71x	7.64x	8.19x
FCF Conversion	2.27x	3.22x	-2.60x	2.12x	2.59x	6.82x	2.08x	1.86x	2.16x	1.79x
Revenue Growth	3.44%	16.64%	14.66%	-10.52%	6.65%	-5.58%	6.09%	16.39%	8.09%	14.16%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Sale of products	-	-	-	181.89B	193.9B	-	244.26B	279.03B
Sale of products Growth	-	-	-	-	6.60%	-	-	14.23%
Other operating revenues	-	189M	-	1.77B	584M	503M	801M	686M
Other operating revenues Growth	-	-	-	-	-66.97%	-13.87%	59.24%	-14.36%
Services rendered	-	330M	-	327M	321M	15M	23M	77M
Services rendered Growth	-	-	-	-	-1.83%	-95.33%	53.33%	234.78%
Sale Of Products	-	-	192.34B	-	-	-	-	-
Sale Of Products Growth	-	-	-	-	-	-	-	-
Revenues sale of products	-	181.82B	-	-	-	-	-	-
Revenues sale of products Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
PHILIPPINES	20.52B	-	-	-	-	-	-	-
PHILIPPINES Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) has a price-to-earnings (P/E) ratio of 0.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) reported $288.60B in revenue for fiscal year 2024. This represents a 131% increase from $124.72B in 2011.

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) grew revenue by 14.2% over the past year. This is steady growth.

Yes, Coca-Cola FEMSA, S.A.B. de C.V. (KOF) is profitable, generating $23.59B in net income for fiscal year 2024 (8.5% net margin).

Dividend & Returns

Yes, Coca-Cola FEMSA, S.A.B. de C.V. (KOF) pays a dividend with a yield of 60.57%. This makes it attractive for income-focused investors.

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) has a return on equity (ROE) of 16.7%. This is reasonable for most industries.

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) generated $314.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Coca-Cola FEMSA, S.A.B. de C.V. (KOF) 10-Year Financial Performance & Capital Metrics

KOF • • Industrial / General

Consumer DefensiveNon-Alcoholic BeveragesCarbonated Soft Drinks & BottlersCoca-Cola System Bottlers

Revenue $279.79B +14.2%
EBITDA $50.71B +13.0%
Net Income $23.73B +21.5%
EPS (Diluted) 113.00 +21.5%
Gross Margin 46.01% +1.7%
EBITDA Margin 18.12% -1.0%
Operating Margin 13.79% -1.6%
Net Margin 8.48% +6.4%
ROE 16.7% +13.5%
ROIC 15.72% +5.1%
Debt/Equity 0.52 +0.5%
Interest Coverage 8.19 +7.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 15.4%
✓Trading near 52-week high
✓Trading at only 0.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.63%

5Y7.55%

3Y12.83%

TTM43.83%

Profit (Net Income) CAGR

10Y8.45%

5Y14.42%

3Y14.74%

TTM45.17%

EPS CAGR

10Y8.3%

5Y14.43%

3Y14.74%

TTM10.85%

ROCE

10Y Avg15.12%

5Y Avg18.52%

3Y Avg15.4%

Latest16.79%

Peer Comparison

Coca-Cola System Bottlers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CCEPCoca-Cola Europacific Partners PLC	40.03B	89.24	28.97	11.67%	7.86%	36.99%	5.67%	1.26
COKECoca-Cola Consolidated, Inc.	8.53B	150.85	21.58	3.69%	8.43%	35.92%	5.92%	1.35
KOFCoca-Cola FEMSA, S.A.B. de C.V.	21.25B	101.15	0.90	14.16%	8.18%	16.3%	78.35%	0.52
AKO-AEmbotelladora Andina S.A.	1.85B	23.50	0.02	23.14%	7.81%	23.29%	100%	1.10

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	152.36B	177.72B	203.78B	182.34B	194.47B	183.62B	194.8B	226.74B	245.09B	279.79B
Revenue Growth %	0.03%	0.17%	0.15%	-0.11%	0.07%	-0.06%	0.06%	0.16%	0.08%	0.14%
Cost of Goods Sold+	80.33B	98.06B	112.09B	98.4B	106.96B	100.8B	106.21B	126.44B	134.23B	151.06B
COGS % of Revenue	0.53%	0.55%	0.55%	0.54%	0.55%	0.55%	0.55%	0.56%	0.55%	0.54%
Gross Profit+	72.03B	79.66B	91.69B	83.94B	87.51B	82.81B	88.6B	100.3B	110.86B	128.74B
Gross Margin %	0.47%	0.45%	0.45%	0.46%	0.45%	0.45%	0.45%	0.44%	0.45%	0.46%
Gross Profit Growth %	0.05%	0.11%	0.15%	-0.08%	0.04%	-0.05%	0.07%	0.13%	0.11%	0.16%
Operating Expenses+	49.38B	55.78B	65.41B	58.96B	60.74B	57.61B	61.12B	69.67B	76.51B	90.16B
OpEx % of Revenue	0.32%	0.31%	0.32%	0.32%	0.31%	0.31%	0.31%	0.31%	0.31%	0.32%
Selling, General & Admin	48.28B	55.46B	58.04B	57.92B	60.54B	56.44B	60.72B	68.98B	76.1B	88.5B
SG&A % of Revenue	0.32%	0.31%	0.28%	0.32%	0.31%	0.31%	0.31%	0.3%	0.31%	0.32%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-650M	0	-28.16B	-848M	200M	1.16B	395M	682M	413M	1.66B
Operating Income+	22.64B	23.92B	26.18B	24.67B	26.77B	25.2B	27.48B	30.64B	34.35B	38.58B
Operating Margin %	0.15%	0.13%	0.13%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%
Operating Income Growth %	0.09%	0.06%	0.09%	-0.06%	0.08%	-0.06%	0.09%	0.11%	0.12%	0.12%
EBITDA+	29.79B	32.59B	37.83B	34.7B	35.4B	35.23B	37.32B	41.06B	44.88B	50.71B
EBITDA Margin %	0.2%	0.18%	0.19%	0.19%	0.18%	0.19%	0.19%	0.18%	0.18%	0.18%
EBITDA Growth %	0.08%	0.09%	0.16%	-0.08%	0.02%	-0%	0.06%	0.1%	0.09%	0.13%
D&A (Non-Cash Add-back)	7.14B	8.67B	11.66B	10.03B	8.63B	10.03B	9.83B	10.43B	10.53B	12.13B
EBIT	18.2B	18.38B	-6.92B	21.98B	26.31B	22.41B	27.5B	30.02B	33.28B	40.72B
Net Interest Income+	-3.3B	-3.67B	-3.83B	-4.19B	-3.73B	-5.67B	-4.16B	-2.38B	-1.83B	-2.35B
Interest Income	414M	715M	887M	1B	1.23B	1.05B	932M	2.41B	3.19B	3.04B
Interest Expense	6.34B	7.47B	8.81B	7.57B	6.9B	7.89B	6.19B	6.5B	4.49B	4.71B
Other Income/Expense	-8.5B	-9.48B	-36.73B	-8.23B	-8.49B	-9.41B	-4.54B	-4.46B	-5.34B	-2.26B
Pretax Income+	14.88B	14.46B	-7.1B	16.96B	18.28B	15.8B	22.94B	26.17B	29.01B	36.32B
Pretax Margin %	0.1%	0.08%	-0.03%	0.09%	0.09%	0.09%	0.12%	0.12%	0.12%	0.13%
Income Tax+	4.55B	3.93B	4.55B	5.26B	5.65B	5.43B	6.61B	6.55B	8.78B	11.77B
Effective Tax Rate %	0.69%	0.7%	1.8%	0.82%	0.66%	0.65%	0.68%	0.73%	0.67%	0.65%
Net Income+	10.23B	10.07B	-12.8B	13.91B	12.1B	10.31B	15.71B	19.03B	19.54B	23.73B
Net Margin %	0.07%	0.06%	-0.06%	0.08%	0.06%	0.06%	0.08%	0.08%	0.08%	0.08%
Net Income Growth %	-0.03%	-0.02%	-2.27%	2.09%	-0.13%	-0.15%	0.52%	0.21%	0.03%	0.21%
Net Income (Continuing)	10.33B	10.53B	-15.38B	11.7B	12.63B	10.37B	16.33B	19.63B	20.23B	24.55B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	3.99B	7.1B	18.14B	6.81B	6.75B	280.19M	6.02B	6.49B	6.68B	7.11B
EPS (Diluted)+	49.40	48.50	-61.20	66.20	57.60	49.10	74.80	90.60	93.00	113.00
EPS Growth %	-0.03%	-0.02%	-2.26%	2.08%	-0.13%	-0.15%	0.52%	0.21%	0.03%	0.22%
EPS (Basic)	49.40	48.60	-61.20	66.20	57.60	49.10	74.80	90.60	93.00	113.00
Diluted Shares Outstanding	207.29M	207.48M	209.13M	210.08M	210.08M	210.08M	210.08M	210.09M	210.09M	210.08M
Basic Shares Outstanding	207.29M	207.29M	209.13M	210.08M	210.08M	210.08M	210.08M	210.09M	210.09M	210.08M
Dividend Payout Ratio	0.63%	0.7%	-	0.51%	0.61%	1%	0.68%	0.6%	0.63%	0.54%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	42.23B	45.45B	55.66B	57.49B	56.8B	3.64B	80.36B	79.21B	67.74B	75.13B
Cash & Short-Term Investments	15.99B	10.48B	18.77B	23.73B	20.49B	2.19B	47.25B	40.28B	31.06B	32.78B
Cash Only	15.99B	10.48B	18.77B	23.73B	20.49B	2.19B	47.25B	40.28B	31.06B	32.78B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	13.87B	19.38B	22.75B	14.85B	15.48B	852.88M	18.31B	22.23B	23.17B	25.4B
Days Sales Outstanding	33.22	39.8	40.74	29.72	29.05	1.7	34.3	35.79	34.51	33.14
Inventory	8.07B	10.74B	11.36B	10.05B	10.54B	563.6M	11.96B	11.89B	11.88B	14.06B
Days Inventory Outstanding	36.65	39.99	37	37.28	35.96	2.04	41.1	34.32	32.3	33.97
Other Current Assets	1.42B	1.71B	929M	951M	1.37B	26.4M	1.04B	3.12B	722M	1.12B
Total Non-Current Assets+	168.02B	233.8B	230.02B	206.3B	201.04B	9.57B	191.2B	198.78B	205.78B	232.85B
Property, Plant & Equipment	50.53B	65.29B	75.83B	61.94B	62.57B	3.06B	63.66B	73.27B	81.12B	102.37B
Fixed Asset Turnover	3.02x	2.72x	2.69x	2.94x	3.11x	60.07x	3.06x	3.09x	3.02x	2.73x
Goodwill	21.04B	33.58B	26.23B	23.73B	25.83B	1.18B	22.91B	23.26B	22.34B	22.01B
Intangible Assets	69.72B	90.38B	98.02B	93.08B	86.22B	4.04B	79.27B	79.86B	78.82B	79.86B
Long-Term Investments	17.87B	22.36B	12.54B	10.52B	9.75B	518.03M	7.65B	8.45B	9.25B	10.23B
Other Non-Current Assets	4.76B	16.21B	9.4B	8.6B	6.24B	214.85M	9.38B	5.96B	6.49B	12.17B
Total Assets+	210.25B	279.26B	285.68B	263.79B	257.84B	13.2B	271.57B	278B	273.52B	307.99B
Asset Turnover	0.72x	0.64x	0.71x	0.69x	0.75x	13.91x	0.72x	0.82x	0.90x	0.91x
Asset Growth %	-0.01%	0.33%	0.02%	-0.08%	-0.02%	-0.95%	19.57%	0.02%	-0.02%	0.13%
Total Current Liabilities+	30.48B	39.87B	55.59B	45.52B	51.01B	2.15B	46.22B	57.96B	54.92B	67.17B
Accounts Payable	20.21B	27.84B	31.35B	19.75B	19.83B	862.96M	22.75B	26.84B	27.35B	33.77B
Days Payables Outstanding	91.85	103.65	102.09	73.24	67.67	3.12	78.17	77.47	74.37	81.61
Short-Term Debt	3.47B	3.05B	12.17B	11.6B	11.48B	279.89M	2.45B	8.52B	140M	3.31B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	207M	203M	3.92B	384M	802M	636.02M	84M	6.68B	7.98B	9.28B
Current Ratio	1.39x	1.14x	1.00x	1.26x	1.11x	1.69x	1.74x	1.37x	1.23x	1.12x
Quick Ratio	1.12x	0.87x	0.80x	1.04x	0.91x	1.43x	1.48x	1.16x	1.02x	0.91x
Cash Conversion Cycle	-21.98	-23.85	-24.34	-6.24	-2.67	0.61	-2.76	-7.36	-7.56	-14.5
Total Non-Current Liabilities+	71.03B	110.16B	89.37B	86.51B	77.14B	4.91B	97.77B	88.16B	84.9B	90.27B
Long-Term Debt	63.26B	85.86B	71.19B	70.2B	58.49B	4.14B	83.33B	70.14B	66.65B	71.9B
Capital Lease Obligations	393M	0	0	0	900M	37.44M	891M	1.66B	1.77B	2.29B
Deferred Tax Liabilities	1.12B	1.21B	1.71B	2.86B	3.77B	124.16M	2.71B	4.66B	4.67B	4.32B
Other Non-Current Liabilities	6.26B	23.09B	16.47B	13.46B	13.98B	606.41M	10.84B	11.69B	1.66B	11.77B
Total Liabilities	101.51B	150.02B	144.97B	132.04B	128.15B	7.06B	144B	146.12B	139.81B	157.44B
Total Debt+	66.73B	88.91B	83.36B	81.81B	71.36B	4.46B	87.29B	80.8B	69.31B	78.39B
Net Debt	50.74B	78.43B	64.59B	58.08B	50.87B	2.27B	40.04B	40.53B	38.25B	45.62B
Debt / Equity	0.61x	0.69x	0.59x	0.62x	0.55x	0.73x	0.68x	0.61x	0.52x	0.52x
Debt / EBITDA	2.24x	2.73x	2.20x	2.36x	2.02x	0.13x	2.34x	1.97x	1.54x	1.55x
Net Debt / EBITDA	1.70x	2.41x	1.71x	1.67x	1.44x	0.06x	1.07x	0.99x	0.85x	0.90x
Interest Coverage	3.57x	3.20x	2.97x	3.26x	3.88x	3.19x	4.44x	4.71x	7.64x	8.19x
Total Equity+	108.73B	129.23B	140.71B	131.75B	129.69B	6.15B	127.57B	131.88B	133.71B	150.54B
Equity Growth %	-0.01%	0.19%	0.09%	-0.06%	-0.02%	-0.95%	19.76%	0.03%	0.01%	0.13%
Book Value per Share	524.55	622.87	672.81	627.13	617.30	29.25	607.24	627.72	636.42	716.58
Total Shareholders' Equity	104.75B	122.14B	122.57B	124.94B	122.93B	5.87B	121.55B	125.39B	127.03B	143.43B
Common Stock	2.05B	2.05B	2.06B	2.06B	2.06B	103.39M	2.06B	2.06B	2.06B	2.06B
Retained Earnings	78.45B	81.58B	61.79B	71.27B	75.82B	3.81B	81.04B	88.66B	96B	106.96B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-17.24B	-2.5B	13.65B	7.58B	1.23B	-334.4M	-4.97B	-8.71B	-14.31B	-8.65B
Minority Interest	3.99B	7.1B	18.14B	6.81B	6.75B	280.19M	6.02B	6.49B	6.68B	7.11B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	23.2B	32.45B	33.24B	29.54B	31.29B	70.29B	32.72B	35.49B	42.29B	42.44B
Operating CF Margin %	0.15%	0.18%	0.16%	0.16%	0.16%	0.38%	0.17%	0.16%	0.17%	0.15%
Operating CF Growth %	-0.05%	0.4%	0.02%	-0.11%	0.06%	1.25%	-0.53%	0.08%	0.19%	0%
Net Income	14.88B	14.46B	-7.1B	18.27B	18.28B	15.8B	22.94B	26.17B	29.01B	36.32B
Depreciation & Amortization	7.14B	8.67B	11.66B	10.03B	10.64B	10.03B	9.83B	10.43B	10.53B	12.13B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	3.24B	5.62B	29.94B	3.08B	-28M	39.29B	-1.69B	-31M	179M	-2.78B
Working Capital Changes	-2.06B	3.71B	-1.26B	-1.83B	2.4B	5.18B	1.64B	-1.08B	2.57B	-3.23B
Change in Receivables	-1.01B	-2.73B	-3.53B	-2.1B	-1.86B	3.04B	-2.04B	-3.42B	-1.6B	-2.3B
Change in Inventory	-1.78B	-2.14B	-482M	-1.39B	-1.14B	190M	-2.26B	-179M	-779M	-2.21B
Change in Payables	3.33B	11.2B	3.72B	1.67B	5.73B	-1.04B	4.45B	3.42B	3.74B	5.15B
Cash from Investing+	-10.95B	-26.91B	-10.89B	-9.25B	-10.74B	-21.02B	-9.55B	-19.6B	-20.07B	-23.39B
Capital Expenditures	-11.5B	-12.69B	-14.82B	-11.29B	-11.74B	-9.94B	-9.99B	-17.73B	-20.63B	-23.94B
CapEx % of Revenue	0.08%	0.07%	0.07%	0.06%	0.06%	0.05%	0.05%	0.08%	0.08%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-368M	-1.34B	-2.77B	1.39B	1.57B	-9.5B	441M	-719M	1.84B	1.3B
Cash from Financing+	-8.57B	-9.73B	-10.78B	-14.27B	-22.79B	834M	-20.26B	-20.85B	-26.35B	-19.64B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.42B	-7.01B	-6.99B	-7.04B	-7.44B	-10.28B	-10.65B	-11.46B	-12.28B	-12.87B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.02B	-5.81B	-7.24B	-6.7B	-5.14B	-5.84B	-5.99B	-6.41B	-5.14B	-7.28B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	11.7B	19.75B	18.41B	18.25B	19.54B	60.35B	22.73B	17.76B	21.66B	16.65B
FCF Margin %	0.08%	0.11%	0.09%	0.1%	0.1%	0.33%	0.12%	0.08%	0.09%	0.06%
FCF Growth %	-0.09%	0.69%	-0.07%	-0.01%	0.07%	2.09%	-0.62%	-0.22%	0.22%	-0.23%
FCF per Share	56.45	95.20	88.05	86.88	93.03	287.27	108.20	84.52	103.09	79.25
FCF Conversion (FCF/Net Income)	2.27x	3.22x	-2.60x	2.12x	2.59x	6.82x	2.08x	1.86x	2.16x	1.79x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.35%	8.46%	-9.49%	10.21%	9.26%	15.18%	23.49%	14.67%	14.71%	16.7%
Return on Invested Capital (ROIC)	10.53%	9.77%	9.51%	9.37%	10.84%	20.01%	23.42%	13.51%	14.96%	15.72%
Gross Margin	47.28%	44.82%	44.99%	46.03%	45%	45.1%	45.48%	44.24%	45.23%	46.01%
Net Margin	6.72%	5.67%	-6.28%	7.63%	6.22%	5.61%	8.06%	8.39%	7.97%	8.48%
Debt / Equity	0.61x	0.69x	0.59x	0.62x	0.55x	0.73x	0.68x	0.61x	0.52x	0.52x
Interest Coverage	3.57x	3.20x	2.97x	3.26x	3.88x	3.19x	4.44x	4.71x	7.64x	8.19x
FCF Conversion	2.27x	3.22x	-2.60x	2.12x	2.59x	6.82x	2.08x	1.86x	2.16x	1.79x
Revenue Growth	3.44%	16.64%	14.66%	-10.52%	6.65%	-5.58%	6.09%	16.39%	8.09%	14.16%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Sale of products	-	-	-	181.89B	193.9B	-	244.26B	279.03B
Sale of products Growth	-	-	-	-	6.60%	-	-	14.23%
Other operating revenues	-	189M	-	1.77B	584M	503M	801M	686M
Other operating revenues Growth	-	-	-	-	-66.97%	-13.87%	59.24%	-14.36%
Services rendered	-	330M	-	327M	321M	15M	23M	77M
Services rendered Growth	-	-	-	-	-1.83%	-95.33%	53.33%	234.78%
Sale Of Products	-	-	192.34B	-	-	-	-	-
Sale Of Products Growth	-	-	-	-	-	-	-	-
Revenues sale of products	-	181.82B	-	-	-	-	-	-
Revenues sale of products Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
PHILIPPINES	20.52B	-	-	-	-	-	-	-
PHILIPPINES Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) has a price-to-earnings (P/E) ratio of 0.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) reported $288.60B in revenue for fiscal year 2024. This represents a 131% increase from $124.72B in 2011.

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) grew revenue by 14.2% over the past year. This is steady growth.

Yes, Coca-Cola FEMSA, S.A.B. de C.V. (KOF) is profitable, generating $23.59B in net income for fiscal year 2024 (8.5% net margin).

Dividend & Returns

Yes, Coca-Cola FEMSA, S.A.B. de C.V. (KOF) pays a dividend with a yield of 60.57%. This makes it attractive for income-focused investors.

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) has a return on equity (ROE) of 16.7%. This is reasonable for most industries.

Coca-Cola FEMSA, S.A.B. de C.V. (KOF) generated $314.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.