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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
Scale and Franchise Position
KOF combines large scale with long-term access to Coca-Cola trademarks across multiple territories. Its broad geographic footprint, established distribution network, and presence across retail channels support brand visibility, route density, and durable competitive positioning.
Negative Factors
Mexico Demand and Tax Pressure
Mexico remains a meaningful operating headwind because weaker consumer demand and higher excise taxation can restrict volume and pricing flexibility. Delayed price recovery may keep pressure on revenue quality and margins until the inflation gap is fully addressed.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale and Franchise Position
KOF combines large scale with long-term access to Coca-Cola trademarks across multiple territories. Its broad geographic footprint, established distribution network, and presence across retail channels support brand visibility, route density, and durable competitive positioning.
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
$6.06B
Dividend Yield3.7%
Average Volume (3M)203.20K
Price to Earnings (P/E)18.8
Beta (1Y)0.22
Revenue Growth16.92%
EPS Growth14.27%
CountryUS
Employees108,925
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)89.70
Shares Outstanding52,520,763
10 Day Avg. Volume361,832
30 Day Avg. Volume203,202
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 Cap4.21
Enterprise Value/Revenue0.08
Enterprise Value/Gross Profit0.18
Enterprise Value/Ebitda0.44
Forecast
1Y Price Target
$126.40Price Target Upside8.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)124.95
Revenue Forecast (FY)$314.27B
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:Oct 28, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 25, 2027
Earnings Call Sentiment Positive
The call was predominantly positive. The company delivered record consolidated volumes, double-digit revenue growth, stronger gross profit and adjusted EBITDA, broad-based volume and market-share gains, substantial South American profitability improvement, successful innovation launches and continued digital and sustainability progress. The main challenges were Mexico's underlying margin pressure, higher labor and freight costs, increased financing expense, uncertain Brazil tax and labor reforms, volatile commodities, flat Argentina volumes and capacity constraints in Colombia and Venezuela. Management nevertheless expressed confidence in continued growth and profitability improvement.Positive Updates
Record Consolidated Volume and Strong Revenue Growth
Third-quarter consolidated volumes increased 5.3% year over year to 1.1 billion unit cases, marking a record third-quarter volume. Total revenues increased 10.9% to MXN 79.7 billion, or 11.3% on a currency-neutral basis, driven primarily by volume growth and revenue growth management initiatives.
Negative Updates
Underlying Consolidated Operating Margin Declined Excluding Insurance Recovery
The reported operating results included MXN 1.1 billion related to recovered insurance claims in Brazil. Excluding this nonrecurring benefit, operating income would have increased 7.4% and operating margin would have been 13.6%, representing a 40-basis-point contraction.
Read all updates
Q3-2026 Updates
Positive
Negative
Record Consolidated Volume and Strong Revenue Growth
Third-quarter consolidated volumes increased 5.3% year over year to 1.1 billion unit cases, marking a record third-quarter volume. Total revenues increased 10.9% to MXN 79.7 billion, or 11.3% on a currency-neutral basis, driven primarily by volume growth and revenue growth management initiatives.
Read all positive updates
Company Guidance
For the fourth quarter, Mexico expects further RGM initiatives in mid November to cover impacts from FX and raw materials and continue improving profitability; for 2027, management is “moderately optimistic” and expects a “fairly normal operating year,” with labor, FX and raw-material impacts to be addressed through RGM, while Brazil’s potential selective tax and 5-by-2 work schedule change would require RGM to cover “100% of that impact” if the tax is not neutral. Management expects to announce the shareholder capital-return mechanism “earlier in next year,” and has secured approximately 16% of 2027 PET requirements, 85% of sugar, 94% of HFCS, and 54% of alumina.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 | 304.71B | 291.75B | 279.79B | 245.09B | 226.74B | 194.80B |
| Gross Profit | 142.60B | 131.52B | 127.65B | 111.44B | 99.61B | 87.27B |
| EBITDA | 57.44B | 54.67B | 53.22B | 44.04B | 40.72B | 37.53B |
| Net Income | 24.28B | 23.84B | 23.73B | 19.54B | 19.03B | 15.71B |
Balance Sheet | ||||||
| Total Assets | 344.22B | 314.54B | 307.99B | 273.52B | 278.00B | 271.57B |
| Cash, Cash Equivalents and Short-Term Investments | 46.77B | 28.57B | 33.13B | 31.36B | 40.52B | 47.49B |
| Total Debt | 88.35B | 82.68B | 79.18B | 69.50B | 82.47B | 88.18B |
| Total Liabilities | 183.89B | 160.51B | 157.44B | 139.81B | 146.12B | 144.00B |
| Stockholders Equity | 151.08B | 146.20B | 143.43B | 127.03B | 125.39B | 121.55B |
Cash Flow | ||||||
| Free Cash Flow | 15.20B | 6.10B | 16.65B | 21.66B | 17.76B | 22.73B |
| Operating Cash Flow | 29.31B | 27.76B | 42.44B | 42.29B | 35.49B | 32.72B |
| Investing Cash Flow | -16.50B | -23.48B | -23.39B | -20.07B | -19.60B | -9.55B |
| Financing Cash Flow | -4.14B | -6.77B | -19.64B | -26.35B | -20.85B | -20.26B |
Coca Cola Femsa SAB De CV Technical Analysis
Positive
116.90
Price Trends
111.81
Positive
108.67
Positive
105.27
Positive
Market Momentum
1.60
Positive
55.71
Neutral
38.44
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 114.40, above the 50-day MA of 111.81, and above the 200-day MA of 105.27, indicating a bullish trend. The MACD of 1.60 indicates Positive momentum. The RSI at 55.71 is Neutral, neither overbought nor oversold. The STOCH value of 38.44 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 | $92.74B | 43.43 | 24.96% | ― | 20.37% | 34.79% | |
76 Outperform | $6.06B | 18.76 | 16.80% | 3.70% | 16.92% | 14.27% | |
74 Outperform | $50.18B | 22.79 | 24.78% | 2.01% | 9.67% | 42.56% | |
72 Outperform | $4.08B | 12.09 | 22.86% | 5.24% | 9.60% | 14.76% | |
63 Neutral | $14.00B | 26.09 | -889.19% | 0.48% | 10.71% | 12.43% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | $48.77B | 36.05 | 5.64% | 2.57% | 27.48% | -12.53% |
* Consumer Defensive Sector Average
KOF
Coca Cola Femsa SAB De CV
115.68
32.96
39.84%
COKE
Coca-Cola Bottling Co Consolidated
210.30
80.64
62.19%
KDP
Keurig Dr Pepper
35.84
9.52
36.17%
AKO.A
Embotelladora Andina SA
23.51
2.33
11.02%
MNST
Monster Beverage
47.34
13.93
41.67%
CCEP
Coca-Cola Europacific Partners
113.22
26.70
30.86%
Coca Cola Femsa SAB De CV Corporate Events
Coca-Cola FEMSA Posts Record 3Q 2026 Volume and Strong Profit Growth
Oct 26, 2026
In the third quarter of 2026, Coca-Cola FEMSA reported solid operational and financial results, with consolidated volume up 5.3% to a record level, revenue rising 10.9% and operating income increasing 15.4% versus a year earlier. Growth was driven...
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.