Coca-Cola (COLA.WA) Financial Analysis

Current Stock Information

Current Price: $281.35

52 Week Range: $248.90 - $288.70

Recent Change: +$10.80 (+3.99%)

YTD Return: 11.14% (vs MSCI World 10.29%)

Key Financial Metrics

Revenue (TTM): $47.06B

Net Income (TTM): $10.63B

Free Cash Flow (TTM): $14.96B

Total Cash: $14.57B

Intrinsic Value Calculations

P/E Valuation

Inputs
EPS (TTM) $2.47 (calculated from Net Income/Shares Outstanding)
Expected Growth Rate 5.04% (based on next year's sales growth estimate)
Conservative Growth Rate 4.00% (slightly below estimates)
Discount Rate 9.00%
Margin of Safety 25.00%
Calculations
Year 1 EPS $2.57
Year 2 EPS $2.67
Year 3 EPS $2.78
Year 4 EPS $2.89
Year 5 EPS $3.01
Value in 5 years (P/E 24) $72.24
Present Value $46.86
Intrinsic Value with Margin of Safety $35.15

DCF Valuation

Inputs
Cash & Cash Equivalents $14.57B
Total Liabilities $46.66B
Free Cash Flow (TTM) $14.96B
Shares Outstanding 4.3B (estimated from Revenue/Revenue Per Share)
Expected Growth Rate 5.04% (based on next year's sales growth estimate)
Growth Decline Rate 5.00%
Discount Rate 9.00%
Year 10 FCF Multiplier 12
Year FCF * Growth Rate NPV FCF
1 $15.71B $14.41B
2 $16.34B $13.75B
3 $16.87B $13.01B
4 $17.29B $12.22B
5 $17.59B $11.41B
6 $17.77B $10.58B
7 $17.86B $9.75B
8 $17.86B $8.94B
9 $17.77B $8.15B
10 $17.59B $7.40B
DCF Valuation Summary
Total NPV FCF $109.62B
Year 10 FCF Value (Terminal Value) $211.08B
Cash & Equivalents $14.57B
Total Liabilities $46.66B
Company Value $288.61B
Per Share Value $67.12
Intrinsic Value with Margin of Safety $50.34

Key Financial Ratios

Ratio Value Interpretation
Debt to Equity (D/E) 176.92% High leverage compared to industry average
Current Ratio 1.03 Adequate liquidity to cover short-term obligations
Return on Equity (ROE) 39.55% Excellent return on shareholder investment
Profit Margin 22.59% Strong profitability
Operating Margin 25.81% Efficient operations

Analysis Summary

Based on our intrinsic value calculations using both P/E and DCF methods, Coca-Cola's current stock price of $281.35 appears to be significantly higher than our calculated intrinsic values of $35.15 (P/E method) and $50.34 (DCF method with margin of safety).

However, it's important to note:

The significant difference between market price and calculated intrinsic value could be due to brand premium, dividend stability, defensive nature of the consumer staples sector, or market sentiment factors not fully captured in our models.

The current price suggests limited margin of safety based on our calculations. Investors should consider their own risk tolerance and investment goals when evaluating this stock.