KO - Embedded Expectations Analysis - 2020 04 20
ï€ The Coca-Cola Company (KO:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 28.6x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is confident about their competitive advantages, RGM initiatives, and operational cash flowï€ Specifically, management is confident that they delivered $10.5bn in cash from operations, that they are strengthening their competitive advantage by translating data into insights, and that an improved price/mix is a long runway opportunity for their revenue growth management initiatives. They are also confident they will take shelf space from competitors in the energy drink category
Coca-Cola is a nonalcoholic beverage company. The company owns or licenses and markets nonalcoholic beverage brands, which it groups into the following category clusters: sparkling soft drinks; water, enhanced water and sports drinks; juice, dairy and plant-based beverages; tea and coffee; and energy drinks. The company's nonalcoholic sparkling soft drink brands are Coca-Cola, Diet Coke, Fanta and Sprite. The company markets, manufactures and sells beverage concentrates and syrups, including fountain syrups; and finished sparkling soft drinks and other nonalcoholic beverages. The company's segments are Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Global Ventures; and Bottling Investments.
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