(COKE) Coca-Cola Consolidated - NASDAQ
Sector: Consumer Defensive | Industry: Beverages - Non-Alcoholic | Exchange: NASDAQ (USA) | Market Cap: 11.908m USD | Total Return: 69.7% in 12m
Avg Turnover: 83.9M
EPS Trend: -74.9%
Rev. Trend: 95.8%
Warnings
Altman Z'' 0.92 < 1.0 - financial distress zone
Choppy
Tailwinds
No distinct edge detected
Coca-Cola Consolidated, Inc. (COKE) is a U.S.-based bottler, marketer, and distributor of nonalcoholic beverages, headquartered in Charlotte, North Carolina, and operating since 1902. The company is the largest independent Coca-Cola bottler in the United States, producing and distributing sparkling and still beverages, bottled water, ready-to-drink coffee and tea, juices, sports drinks, and energy products. In addition to Coca-Cola brands, it manufactures and distributes third-party brands such as Dr Pepper and Monster Energy, and supplies post-mix fountain syrups to foodservice retailers.
Revenue is generated through direct sales to a broad range of retail and on-premise customers, including grocery stores, mass merchandise and club stores, convenience and drug stores, restaurants, schools, amusement parks, recreational facilities, and vending machine outlets. The business reports two segments: Nonalcoholic Beverages and All Other. The company was renamed Coca-Cola Consolidated, Inc. in January 2019 from its former name, Coca-Cola Bottling Co. Consolidated.
The U.S. soft drink and non-alcoholic beverage sector is mature and distribution-intensive, characterized by high route-to-market logistics costs and long-standing bottling agreements with brand owners such as The Coca-Cola Company. Bottlers typically operate on thin margins, with profitability closely tied to volume, packaging mix, and raw material costs (notably high-fructose corn syrup, aluminum, and PET resin).
- Aluminum and sugar cost inflation pressures bottler margins
- Monster Energy volume growth diversifies non-Coke revenue mix
- Aggressive share repurchases and acquisitions drive capital returns
| Net Income: 578.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 6.03 > 1.0 |
| NWC/Revenue: 3.81% < 20% (prev 19.21%; Δ -15.40% < -1%) |
| CFO/TA 0.21 > 3% & CFO 939.7m > Net Income 578.5m |
| Net Debt (2.64b) to EBITDA (1.06b): 2.49 < 3 |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (66.6m) vs 12m ago -23.65% < -2% |
| Gross Margin: 39.30% > 18% (prev 39.77%; Δ -0.47% > 0.5%) |
| Asset Turnover: 153.0% > 50% (prev 127.5%; Δ 25.54% > 0%) |
| Interest Coverage Ratio: 12.56 > 6 (EBIT TTM 852.5m / Interest Expense TTM 67.9m) |
| A: 0.06 (Total Current Assets 1.50b - Total Current Liabilities 1.22b) / Total Assets 4.39b |
| B: -0.17 (Retained Earnings -729.1m / Total Assets 4.39b) |
| C: 0.17 (EBIT TTM 852.5m / Avg Total Assets 4.90b) |
| D: -0.13 (Book Value of Equity -643.5m / Total Liabilities 5.04b) |
| Altman-Z'' = 0.92 = BB |
| DSRI: 1.02 (Receivables 756.9m/685.1m, Revenue 7.49b/6.89b) |
| GMI: 1.01 (GM 39.77% / 39.30%) |
| AQI: 1.24 (AQ_t 0.26 / AQ_t-1 0.21) |
| SGI: 1.09 (Revenue 7.49b / 6.89b) |
| TATA: -0.08 (NI 578.5m - CFO 939.7m) / TA 4.39b) |
| Beneish M = -2.80 (Cap -4..+1) = A |
As of June 24, 2026, the stock is trading at USD 183.01 with a total of 498,457 shares traded. Over the past week, the price has changed by -1.31%, over one month by +3.73%, over three months by -2.73% and over the past year by +69.67%.
Current recommended Stop Loss: 173.90 (which is 5% or 1.3 ATR below the current price).
Coca-Cola Consolidated has no consensus analysts rating.
| Analysts Target Price | 1440 | 686.8% |
P/E Trailing = 24.5742
P/E Forward = 17.4216
P/S = 1.5889
P/B = 8.2416
P/EG = 3.039
Revenue TTM = 7.49b USD
EBIT TTM = 852.5m USD
EBITDA TTM = 1.06b USD
Long Term Debt = 2.54b USD (from longTermDebt, last quarter)
Short Term Debt = 124.6m USD (from shortTermDebt, last quarter)
Debt = 2.87b USD (from shortLongTermDebtTotal, last quarter) + Leases 115.7m
Net Debt = 2.64b USD (calculated: Debt 2.87b - CCE 232.9m)
Enterprise Value = 14.5b USD (11.9b + Debt 2.87b - CCE 232.9m)
Interest Coverage Ratio = 12.56 (Ebit TTM 852.5m / Interest Expense TTM 67.9m)
EV/FCF = 21.97x (Enterprise Value 14.5b / FCF TTM 662.1m)
FCF Yield = 4.55% (FCF TTM 662.1m / Enterprise Value 14.5b)
FCF Margin = 8.83% (FCF TTM 662.1m / Revenue TTM 7.49b)
Net Margin = 7.72% (Net Income TTM 578.5m / Revenue TTM 7.49b)
Gross Margin = 39.30% ((Revenue TTM 7.49b - Cost of Revenue TTM 4.55b) / Revenue TTM)
Gross Margin QoQ = 39.37% (prev 38.21%)
Tobins Q-Ratio = 3.31 (Enterprise Value 14.5b / Total Assets 4.39b)
Interest Expense / Debt = 2.37% (Interest Expense 67.9m / Debt 2.87b)
Taxrate = 26.27% (206.1m / 784.7m)
NOPAT = 628.6m (EBIT 852.5m * (1 - 26.27%))
Current Ratio = 1.23 (Total Current Assets 1.50b / Total Current Liabilities 1.22b)
Debt / Equity = -4.46 (negative equity) (Debt 2.87b / totalStockholderEquity, last quarter -643.5m)
Debt / EBITDA = 2.49 (Net Debt 2.64b / EBITDA 1.06b)
Debt / FCF = 3.98 (Net Debt 2.64b / FCF TTM 662.1m)
Total Stockholder Equity = 470.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 11.81% (Net Income 578.5m / Total Assets 4.39b)
RoE = 122.9% (Net Income TTM 578.5m / Total Stockholder Equity 470.7m)
RoCE = 28.34% (EBIT 852.5m / Capital Employed (Equity 470.7m + L.T.Debt 2.54b))
RoIC = 20.48% (NOPAT 628.6m / Invested Capital 3.07b)
WACC = 4.00% (E(11.9b)/V(14.8b) * Re(4.54%) + D(2.87b)/V(14.8b) * Rd(2.37%) * (1-Tc(0.26)))
Discount Rate = 4.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.11 | Cagr: -14.12%
[DCF] Terminal Value 77.97% ; FCFF base≈592.6m ; Y1≈679.4m ; Y5≈999.8m
[DCF] Fair Price = 219.6 (EV 15.0b - Net Debt 2.64b = Equity 12.4b / Shares 56.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -74.85 | EPS CAGR: -41.31% | SUE: N/A | # QB: 0
Revenue Correlation: 95.80 | Revenue CAGR: 4.41% | SUE: N/A | # QB: 0