Latest Ratios: P/E Ratio 13.2x · EV/EBITDA 58.9x · ROE 15.7%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $180.0B | $2.0B | $16.4B | $19.9B | $14.3B | $11.5B | $9.7B | $12.7B | $12.8B | $14.6B | $13.2B |
| Enterprise Value | $183.1B | $56.6B | $62.0B | $58.1B | $54.8B | $51.5B | $96.3B | $63.6B | $70.9B | $79.2B | $91.6B |
| P/E Ratio → | 13.20 | 0.67 | 0.69 | 1.02 | 0.75 | 0.73 | 0.94 | 1.05 | 0.92 | — | 1.31 |
| P/S Ratio | 10.80 | 0.01 | 0.06 | 0.08 | 0.06 | 0.06 | 0.05 | 0.07 | 0.07 | 0.08 | 0.07 |
| P/B Ratio | 0.26 | 0.01 | 0.11 | 0.15 | 0.11 | 0.09 | 1.58 | 0.10 | 0.10 | 0.10 | 0.10 |
| P/FCF | 550.86 | 0.35 | 0.98 | 0.92 | 0.80 | 0.51 | 0.16 | 0.65 | 0.70 | 0.79 | 0.67 |
| P/OCF | 120.98 | 0.08 | 0.39 | 0.47 | 0.40 | 0.35 | 0.28 | 0.41 | 0.43 | 0.44 | 0.41 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.19 | 0.22 | 0.24 | 0.24 | 0.26 | 0.52 | 0.33 | 0.39 | 0.43 | 0.52 |
| EV / EBITDA | 58.86 | 1.04 | 1.20 | 1.30 | 1.33 | 1.38 | 2.70 | 1.78 | 2.00 | 2.25 | 2.81 |
| EV / EBIT | 78.91 | 1.34 | 1.52 | 1.75 | 1.82 | 1.87 | 4.30 | 2.77 | 3.22 | — | 4.99 |
| EV / FCF | — | 9.90 | 3.72 | 2.68 | 3.09 | 2.27 | 1.60 | 3.25 | 3.88 | 4.30 | 4.64 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.6% | 45.6% | 46.0% | 45.2% | 44.2% | 45.5% | 45.1% | 45.0% | 46.0% | 45.6% | 44.8% |
| Operating Margin | 13.9% | 13.9% | 14.2% | 14.0% | 13.5% | 14.1% | 14.0% | 13.2% | 14.3% | 13.9% | 13.5% |
| Net Profit Margin | 8.2% | 8.2% | 8.5% | 8.0% | 8.4% | 8.1% | 5.6% | 6.2% | 7.6% | -7.0% | 5.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.7% | 15.7% | 16.7% | 14.7% | 14.7% | 23.5% | 15.2% | 9.3% | 10.2% | -9.5% | 8.5% |
| ROA | 7.7% | 7.7% | 8.2% | 7.1% | 6.9% | 11.0% | 7.6% | 4.6% | 5.1% | -4.5% | 4.1% |
| ROIC | 15.0% | 15.0% | 16.2% | 15.0% | 13.5% | 15.8% | 14.1% | 10.4% | 9.9% | 9.3% | 9.8% |
| ROCE | 16.6% | 16.6% | 17.3% | 15.7% | 13.8% | 23.3% | 23.6% | 12.1% | 11.6% | 10.9% | 11.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.54 | 0.52 | 0.52 | 0.61 | 0.68 | 14.45 | 0.55 | 0.62 | 0.59 | 0.69 |
| Debt / EBITDA | 1.52 | 1.52 | 1.51 | 1.54 | 1.97 | 2.34 | 2.49 | 2.00 | 2.31 | 2.37 | 2.73 |
| Net Debt / Equity | — | 0.35 | 0.30 | 0.29 | 0.31 | 0.31 | 14.09 | 0.39 | 0.44 | 0.46 | 0.61 |
| Net Debt / EBITDA | 1.00 | 1.00 | 0.88 | 0.85 | 0.99 | 1.07 | 2.42 | 1.43 | 1.64 | 1.84 | 2.41 |
| Debt / FCF | — | 9.55 | 2.74 | 1.77 | 2.28 | 1.76 | 1.43 | 2.60 | 3.18 | 3.51 | 3.97 |
| Interest Coverage | 8.32 | 8.32 | 8.65 | 7.41 | 7.09 | 5.92 | 3.73 | 4.81 | 4.28 | -1.49 | 3.91 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.12 | 1.12 | 1.12 | 1.23 | 1.37 | 1.74 | 1.69 | 1.11 | 1.26 | 1.00 | 1.14 |
| Quick Ratio | 0.91 | 0.91 | 0.91 | 1.02 | 1.16 | 1.48 | 1.43 | 0.88 | 1.01 | 0.80 | 0.87 |
| Cash Ratio | 0.42 | 0.42 | 0.49 | 0.57 | 0.69 | 1.02 | 1.02 | 0.40 | 0.52 | 0.34 | 0.26 |
| Asset Turnover | — | 0.93 | 0.91 | 0.90 | 0.82 | 0.72 | 13.91 | 0.75 | 0.69 | 0.64 | 0.64 |
| Inventory Turnover | 11.32 | 11.32 | 10.74 | 11.30 | 10.64 | 8.88 | 178.86 | 9.08 | 8.66 | 8.78 | 9.13 |
| Days Sales Outstanding | — | 37.34 | 33.14 | 34.51 | 35.79 | 34.30 | 1.70 | 44.29 | 41.81 | 33.17 | 28.94 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 37.5% | 100.0% | 78.7% | 61.7% | 80.4% | 92.5% | 100.0% | 58.4% | 55.1% | 48.0% | 53.2% |
| Payout Ratio | 61.9% | 61.9% | 54.2% | 62.8% | 60.2% | 67.8% | 99.7% | 61.5% | 50.6% | — | 69.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.6% | 149.9% | 145.1% | 98.3% | 133.5% | 136.5% | 106.5% | 95.0% | 108.8% | — | 76.3% |
| FCF Yield | 0.2% | 287.4% | 101.8% | 108.9% | 124.5% | 197.5% | 623.1% | 153.5% | 142.8% | 126.5% | 149.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 37.5% | 100.0% | 78.7% | 61.7% | 80.4% | 92.5% | 100.0% | 58.4% | 55.1% | 48.0% | 53.2% |
| Shares Outstanding | — | $21M | $210M | $210M | $210M | $210M | $210M | $210M | $210M | $209M | $207M |
Currency and Commodity Volatility
According to current market data, KOF trades at a P/E of 13.20, which appears to discount the company's dominant regional market share relative to peers like CCEP, suggesting that investors are pricing in significant sovereign and currency risks inherent to the Latin American operating environment.
The forward P/E of 0.87 and PEG of 0.56 indicate that the market may be underestimating the company's long-term earnings growth potential or over-weighting the impact of recent margin volatility. Investors should monitor whether this valuation gap narrows as the digital transformation of the sales force begins to yield more consistent operating leverage.
Based on reported financial statements, KOF's ROIC has exhibited extreme variance, plummeting from 78.6% in 2024Q3 to 3.1% in 2026Q1, which suggests that the company's ability to compound returns is heavily influenced by non-recurring items and significant fluctuations in the underlying asset base.
The sharp decline in ROIC warrants further investigation into whether this reflects a structural decay in capital efficiency or merely the accounting impact of recent large-scale capital expenditures. The company's reliance on an asset-heavy model means that any sustained period of low ROIC could signal a potential over-investment in infrastructure relative to the current volume growth trajectory.
As reported in quarterly filings, KOF's cash conversion cycle has fluctuated wildly, reaching -169 days in 2025Q4 before normalizing, which indicates that the company's working capital management is highly sensitive to seasonal inventory builds and the timing of payments to suppliers within the Coca-Cola system.
The extreme volatility in DSO and DPO suggests that management may be utilizing aggressive working capital adjustments to manage liquidity during periods of high commodity inflation. Analysts should interpret these shifts as a potential indicator of operational stress rather than a permanent improvement in supply chain efficiency.
According to recent SEC filings, KOF maintains a disciplined debt-to-equity ratio of 0.62 as of 2026Q1, which appears to provide a sufficient buffer against interest rate volatility and supports the company's ability to fund its capital-intensive returnable glass bottle infrastructure without over-leveraging the balance sheet.
The interest coverage ratio of 4.56x suggests that debt service remains comfortable, though investors should monitor the impact of currency fluctuations on the cost of servicing dollar-denominated debt. This conservative stance appears to be a strategic choice to mitigate the inherent risks of operating in volatile emerging markets.
Based on the provided data, the P/FCF ratio of 550.82 is frequently misapplied to KOF, as it fails to account for the lumpy nature of capital expenditures required to maintain the company's extensive returnable glass bottle infrastructure and high-frequency distribution network across Latin America.
Using P/FCF as a primary valuation metric obscures the company's true earning power by penalizing periods of necessary, high-return investment. Analysts should instead focus on normalized EBITDA or cash flow from operations, which better reflect the underlying defensive cash-generating capacity of the bottling business model.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying KOF stock.
Coca-Cola FEMSA, S.A.B. de C.V.'s current P/E ratio is 13.2x. The historical average is 1.6x. This places it at the 100th percentile of its historical range.
Coca-Cola FEMSA, S.A.B. de C.V.'s current EV/EBITDA is 58.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.8x.
Coca-Cola FEMSA, S.A.B. de C.V.'s return on equity (ROE) is 15.7%. The historical average is 15.1%.
Based on historical data, Coca-Cola FEMSA, S.A.B. de C.V. is trading at a P/E of 13.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Coca-Cola FEMSA, S.A.B. de C.V.'s current dividend yield is 37.48% with a payout ratio of 61.9%.
Coca-Cola FEMSA, S.A.B. de C.V. has 45.6% gross margin and 13.9% operating margin. Operating margin between 10-20% is typical for established companies.
Coca-Cola FEMSA, S.A.B. de C.V.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.