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Coca Cola Femsa SAB De CV
(NYSE:KOF)
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Rating:76Outperform
Price Target:
$123.00
â–²(5.22% 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
Coca-Cola franchise scale and route-to-market
The franchise provides access to globally recognized brands and defined territories, while KOF’s broad distribution network and retail assets support customer reach, execution advantages, and durable demand across Latin American markets.
Negative Factors
Mexico demand and excise-tax headwinds
Mexico remains a major operating market, so subdued consumption and tax-related pricing pressure could limit volume growth and weaken affordability. The need for measured price pass-through also creates risk to demand and margins over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Coca-Cola franchise scale and route-to-market
The franchise provides access to globally recognized brands and defined territories, while KOF’s broad distribution network and retail assets support customer reach, execution advantages, and durable demand across Latin American markets.
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
$5.84B
Dividend Yield3.78%
Average Volume (3M)138.88K
Price to Earnings (P/E)16.6
Beta (1Y)0.22
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. Volume128,808
30 Day Avg. Volume138,880
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$123.20Price Target Upside5.39% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)123.03
Revenue Forecast (FY)$308.14B
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 makes money primarily by selling finished beverages it bottles and distributes to retail and on-premise customers (e.g., supermarkets, convenience stores, small independent shops, restaurants, and other points of sale). Its core re...
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 | 59.97B | 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 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $5.84B | 16.57 | 16.86% | 3.78% | 13.18% | 11.27% | |
76 Outperform | $378.93B | 26.45 | 42.99% | 2.36% | 7.42% | 17.58% | |
74 Outperform | $187.85B | 18.01 | 50.36% | 4.22% | 5.62% | 38.93% | |
74 Outperform | $46.87B | 20.51 | 24.78% | 2.15% | 9.67% | 42.56% | |
65 Neutral | $44.35B | 32.78 | 5.64% | 2.82% | 27.48% | -12.53% | |
63 Neutral | $12.60B | 23.49 | -889.19% | 0.53% | 10.71% | 12.43% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
KOF
Coca Cola Femsa SAB De CV
109.57
29.04
36.06%
COKE
Coca-Cola Bottling Co Consolidated
188.28
66.45
54.55%
KO
Coca-Cola
88.36
22.37
33.90%
KDP
Keurig Dr Pepper
32.55
5.84
21.86%
PEP
PepsiCo
138.45
0.92
0.67%
CCEP
Coca-Cola Europacific Partners
106.55
17.48
19.62%
Coca Cola Femsa SAB De CV Corporate Events
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...
Coca-Cola FEMSA Appoints New Series D Board Director as Governance Shifts
Jun 12, 2026
On June 12, 2026, Coca-Cola FEMSA, S.A.B. de C.V., the largest Coca-Cola bottler worldwide by volume, announced a board change involving the Series D shareholder-appointed directors. The company, a major Latin American beverage producer and distri...
Coca-Cola FEMSA Details 2025 Governance and Sustainability Practices in May 2026 Filing
Jun 1, 2026
Coca-Cola FEMSA reported its level of adherence to Mexico’s Code of Best Corporate Practices for the fiscal year ended December 31, 2025, detailing governance, sustainability, and shareholder-rights practices. The filing underscores robust m...
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.