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Coca Cola Femsa SAB De CV
(NYSE:KOF)
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Rating:76Outperform
Price Target:
$133.00
▲(13.77% Upside)
Action:Reiterated
Date:07/31/26
The score is driven primarily by strong underlying financial performance (steady margins, solid ROE) and a positive earnings update (volume growth and margin expansion led by South America, supported by hedging discipline). Valuation is supportive with a reasonable P/E and strong dividend yield. The main constraints are cash-flow volatility and regional/cost risks (Mexico weakness, higher freight/marketing, higher interest expense, and Brazil regulatory/labor uncertainty), while technicals are positive but lack momentum-indicator confirmation.
Positive Factors
Franchise scale and market reach
KOF combines the Coca-Cola brand with the scale of the largest franchise bottler by sales volume, creating broad distribution reach across several markets. This established territory network and multi-channel presence support durable customer access, operating leverage, and brand visibility.
Negative Factors
Mexico demand and margin pressure
Mexico remains exposed to weaker consumer conditions and excise-tax effects, while higher freight and marketing costs have already reduced divisional operating margin. Continued pressure could limit price pass-through, weigh on near-term earnings quality, and offset strength in other territories.
Read all positive and negative factors
Positive Factors
Negative Factors
Franchise scale and market reach
KOF combines the Coca-Cola brand with the scale of the largest franchise bottler by sales volume, creating broad distribution reach across several markets. This established territory network and multi-channel presence support durable customer access, operating leverage, and brand visibility.
Read all positive factors
Coca Cola Femsa SAB De CV Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyCoca Cola Femsa SAB De CV (KOF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.20B
Dividend Yield3.62%
Average Volume (3M)174.81K
Price to Earnings (P/E)19.3
Beta (1Y)0.21
Revenue Growth13.18%
EPS Growth11.27%
CountryUS
Employees108,925
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)114.10
Shares Outstanding52,520,763
10 Day Avg. Volume288,346
30 Day Avg. Volume174,814
Financial Highlights & Ratios
PEG Ratio33.96
Price to Book (P/B)2.45
Price to Sales (P/S)1.23
P/FCF Ratio58.76
Enterprise Value/Market Cap4.11
Enterprise Value/Revenue0.09
Enterprise Value/Gross Profit0.18
Enterprise Value/Ebitda0.42
Forecast
1Y Price Target
$123.67Price Target Upside5.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)124.47
Revenue Forecast (FY)$312.94B
Coca Cola Femsa SAB De CV Business Overview & Revenue Model
Company Description
Coca-Cola FEMSA, S.A.B. de C.V., operating as a licensed bottler, is engaged in the manufacturing, marketing, sale, and distribution of beverages under the Coca-Cola brand. Its extensive product portfolio encompasses sparkling beverages, including...
How the Company Makes Money
Coca-Cola FEMSA primarily makes money by producing and selling finished beverages to retailers and other customers within its authorized bottling territories. Its core revenue stream is net sales from beverage volume (unit cases) multiplied by rea...
Coca Cola Femsa SAB De CV Earnings Call Summary
Earnings Call Date:Jul 27, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call reflected a largely positive quarter driven by solid consolidated volume growth, double-digit adjusted EBITDA gains, meaningful margin expansion, strong performance and market share gains in Brazil and Colombia, and successful World Cup-driven brand engagement. These positives were tempered by persistent headwinds in Mexico from an excise tax and softer consumer demand, operating margin pressure in the Mexico & Central America division (driven by higher freight and marketing and lower FX gains), a decline in Argentina volumes, and ongoing uncertainties from potential regulatory/labor changes in Brazil and some raw material/hedging exposures. On balance the operational momentum, financial improvements and effective hedging/cost management outweigh the regional challenges.Positive Updates
Consolidated Volume Growth
Consolidated volumes grew 3.5% year-over-year to 1.1 billion unit cases, driven by record Q2 volumes in Brazil, Colombia and Guatemala.
Negative Updates
Mexico Consumer Headwinds and Tax Impact
Mexico continued to face headwinds from an excise tax increase and a softer consumer environment; realized prices were slightly down year-over-year and management is still completing a measured pass-through of inflationary gaps.
Read all updates
Q2-2026 Updates
Positive
Negative
Consolidated Volume Growth
Consolidated volumes grew 3.5% year-over-year to 1.1 billion unit cases, driven by record Q2 volumes in Brazil, Colombia and Guatemala.
Read all positive updates
Company Guidance
Management's forward-looking guidance and key expectations included: 2026 capital expenditures of 7.0–7.5% of revenues; Mexico volumes now expected to be flattish for the full year (up from prior slightly negative guidance) with the remaining price catch‑up vs. inflation to be implemented in August and the consumer environment expected to remain subdued; continued H2 support from Brazil (election‑related spending) and sustained healthy but tougher‑comped growth in Colombia; ongoing capital allocation review that may include M&A and returning capital to shareholders; disciplined hedging positions for 2026 of 65% PET, 96% sugar, 98% HFCS and 73% aluminum, and already-placed 2027 hedges of ~80% sugar, ~80% HFCS and 54% aluminum (with PET hedges for 2027 still being arranged); and an expectation that marketing was front‑loaded to H1 (World Cup) so marketing comps should normalize in H2.Coca Cola Femsa SAB De CV Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
77
Positive
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 296.88B | 291.75B | 279.79B | 245.09B | 226.74B | 194.80B |
| Gross Profit | 137.90B | 131.52B | 127.65B | 111.44B | 99.61B | 87.27B |
| EBITDA | 59.98B | 54.67B | 53.22B | 44.04B | 40.72B | 37.53B |
| Net Income | 23.95B | 23.84B | 23.73B | 19.54B | 19.03B | 15.71B |
Balance Sheet | ||||||
| Total Assets | 336.26B | 314.54B | 307.99B | 273.52B | 278.00B | 271.57B |
| Cash, Cash Equivalents and Short-Term Investments | 43.03B | 28.57B | 33.13B | 31.36B | 40.52B | 47.49B |
| Total Debt | 89.46B | 82.68B | 79.18B | 69.50B | 82.47B | 88.18B |
| Total Liabilities | 184.94B | 160.51B | 157.44B | 139.81B | 146.12B | 144.00B |
| Stockholders Equity | 142.58B | 146.20B | 143.43B | 127.03B | 125.39B | 121.55B |
Cash Flow | ||||||
| Free Cash Flow | 21.25B | 6.10B | 16.65B | 21.66B | 17.76B | 22.73B |
| Operating Cash Flow | 40.59B | 27.76B | 42.44B | 42.29B | 35.49B | 32.72B |
| Investing Cash Flow | -22.13B | -23.48B | -23.39B | -20.07B | -19.60B | -9.55B |
| Financing Cash Flow | -10.97B | -6.77B | -19.64B | -26.35B | -20.85B | -20.26B |
Coca Cola Femsa SAB De CV Technical Analysis
Positive
116.90
Price Trends
111.26
Positive
108.11
Positive
104.79
Positive
Market Momentum
2.58
Negative
65.09
Neutral
66.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KOF, the sentiment is Positive. The current price of 116.9 is above the 20-day moving average (MA) of 112.23, above the 50-day MA of 111.26, and above the 200-day MA of 104.79, indicating a bullish trend. The MACD of 2.58 indicates Negative momentum. The RSI at 65.09 is Neutral, neither overbought nor oversold. The STOCH value of 66.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KOF.
Coca Cola Femsa SAB De CV Risk Analysis
Coca Cola Femsa SAB De CV disclosed 27 risk factors in its most recent earnings report. Coca Cola Femsa SAB De CV reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
If we fail to comply with privacy and data protection laws, we could be subject to adverse publicity, business disruption, data loss, government enforcement actions and/or private litigation, any of which could negatively affect our business and operating results. Q4, 2023
2.
Product safety and quality concerns could negatively affect our business. Q4, 2023
3.
Pandemics and public health crises, may adversely affect our business, financial condition and results of operations. Q4, 2023
Coca Cola Femsa SAB De CV Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $90.49B | 42.38 | 24.96% | ― | 20.37% | 34.79% | |
76 Outperform | $6.20B | 19.30 | 16.86% | 3.62% | 13.18% | 11.27% | |
74 Outperform | $49.13B | 22.28 | 24.78% | 2.05% | 9.67% | 42.56% | |
72 Outperform | $4.26B | 12.67 | 23.62% | 5.21% | 7.67% | 18.60% | |
63 Neutral | $13.53B | 25.22 | -889.19% | 0.49% | 10.71% | 12.43% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | $47.19B | 34.89 | 5.64% | 2.65% | 27.48% | -12.53% |
* Consumer Defensive Sector Average
KOF
Coca Cola Femsa SAB De CV
118.11
33.30
39.26%
COKE
Coca-Cola Bottling Co Consolidated
203.31
75.85
59.51%
KDP
Keurig Dr Pepper
34.68
6.35
22.43%
AKO.A
Embotelladora Andina SA
23.61
3.44
17.04%
MNST
Monster Beverage
46.19
11.35
32.58%
CCEP
Coca-Cola Europacific Partners
110.84
21.69
24.33%
Coca Cola Femsa SAB De CV Corporate Events
Coca-Cola FEMSA Moves Q3 2026 Earnings Call to October 26
Oct 22, 2026
Coca-Cola FEMSA announced on October 21, 2026 that it has rescheduled its third-quarter 2026 earnings conference call, moving it forward by one day from October 27 to October 26, 2026. The call, led by Chief Executive Officer Ian Craig, Chief Fina...
Coca-Cola FEMSA Hits Water-Efficiency Target, Securing Terms on Sustainability-Linked Bonds
Sep 3, 2026
On September 3, 2026, Coca-Cola FEMSA announced it has met the sustainability performance target tied to its KOF 21L sustainability-linked bonds by reaching a water use efficiency ratio of 1.26 liters of water per liter of beverage produced. An ex...
Coca-Cola FEMSA Posts Strong 2Q26 Results, Boosts Dividend and Earns Top Sustainability Honors
Jul 27, 2026
In the second quarter of 2026, Coca-Cola FEMSA reported a 3.5% increase in volume and a 4.7% rise in revenue, with currency-neutral revenue up 6.6% and operating income growing 9.1%. Majority net income climbed 16.9%, supported by strong performan...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.