| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 77 | 17.0x | 17.8x | Top tier | |
Growth | 55 | 3.0% | 7.1% | Around median | |
Quality | 71 | 12.7% | 4.5% | Top tier | |
Safety | 70 | 0.9x | 2.6x | Top tier | |
Capital Return | 15 | — | 2.12% | Bottom tier | |
Momentum | 81 | 30.8% | 2.9% | Top tier | |
Sentiment | 46 | 4 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Coca-Cola FEMSA manages a broad beverage portfolio across Mexico, Central America, and South America, including brands such as Coca-Cola, Coca-Cola Zero, Sprite, Fanta, Monster, and Power, alongside water, tea, juices, energy drinks, and sports drinks. The company generates revenue from sales of single-serve, multi-serve, and returnable packages through channels that include traditional trade, with growing reliance on the Juntos+ platform; in Mexico, digital sales represented 38% of traditional trade and 19% of total revenue in Q2 FY2026.
EDGAR data shows continuous growth between FY2020 and FY2024; revenue increased from $183.6 billion to $279.8 billion, net income rose from $10.4 billion to $24.5 billion, and earnings per share climbed from 0.61 to 1.41. In FY2024, gross profit reached $128.7 billion, equivalent to a gross margin of approximately 46.0%, compared with about 46.9% in FY2023 based on revenue of $236.6 billion and gross profit of $110.9 billion.
In Q2 FY2026, consolidated volume increased 3.5% to 1.1 billion unit cases, and revenue grew 4.7% to 76.3 billion Mexican pesos, or 6.6% on a currency-neutral basis. Gross profit rose 8.8% to 35.9 billion pesos, and gross margin expanded 180 basis points to 47.1%, while operating income increased 9.1% to 10.7 billion pesos at a 14.0% margin, and net income attributable to the controlling interest rose 16.9% to 6.2 billion pesos. Mexico and Central America generated revenue of 45.4 billion pesos, versus 30.9 billion pesos for South America; South America was the fastest growth driver, with revenue increasing 11.8% and volume 6.9%, while revenue in Mexico and Central America remained stable despite volume growth of 1.4%.
The average analyst target for KOF shares is approximately $117, versus a low target of $113 and a high target of $122, while the consensus remains Neutral. The average target is approximately at the top of the 52-week range of $80.22–$117.09, so the estimates reflect a balance between South American margin expansion and earnings growth on one hand, and Mexican consumer weakness and regulatory risks in Brazil on the other.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Revenue increased 4.7% to 76.3 billion Mexican pesos, and volume grew 3.5% to 1.1 billion unit cases in Q2 FY2026. Gross profit rose 8.8% to 35.9 billion pesos, with gross margin expanding 180 basis points to 47.1%. Operating income also increased 9.1% to 10.7 billion pesos, and net income attributable to the controlling interest climbed 16.9% to 6.2 billion pesos.
South American volumes increased 6.9% to 426 million unit cases, and its revenue rose 11.8% to 30.9 billion Mexican pesos in Q2 FY2026. The strength came from volume growth of 5.2% in Brazil and 17.7% in Colombia, despite a 2.8% decline in Argentina. The division's operating income increased 46.5% to 4.3 billion pesos, and its margin expanded 330 basis points to 13.9%, supported by operating leverage, lower costs for some raw materials, and insurance compensation of 265 million pesos in Brazil.
In Q2 FY2026, Mexico faced an excise tax increase, weak consumption, and intense competition, so the company passed through only about 85% of the tax and inflation impact. Consumers shifted strongly toward lower-priced multi-serve packages, pressuring mix and revenue despite 1% volume growth. Management expects approximately stable volumes for Mexico in FY2026, after previously expecting a slight decline, but it will monitor the consumer response after completing the price adjustment in August 2026.
Automated analysis for informational purposes only — not investment advice.
Coca-Cola Zero grew 24% in Mexico and 15% in Brazil during Q2 FY2026, while its mix reached approximately 4% in Mexico and 30% in Brazil. In Brazil, Sprite achieved triple-digit growth, and flavors helped the company gain 400 basis points of share. Brazil's energy drink category also grew at a compound rate of approximately 25% over the four quarters ended Q2 FY2026, with improved Monster coverage and household penetration.
As of Q2 FY2026, the company had hedged 65% of PET, 96% of sugar, 98% of high-fructose corn syrup, and 73% of aluminum. For FY2027, the company began with hedges covering 80% of sugar, 80% of high-fructose corn syrup, and 54% of aluminum, while PET hedges remained less advanced. Lower sweetener and PET costs and the appreciation of operating currencies against the U.S. dollar helped expand consolidated gross margin to 47.1% in Q2 FY2026, but higher aluminum, freight, and secondary packaging costs remained a source of pressure.
Analyst consensus on KOF is Neutral, and the average price target is $117, within a range of $113 to $122. The average target is approximately at the top of the 52-week range of $117.09, while the bottom of the range is $80.22. This consensus balances FY2024 net income growth to $24.5 billion and South America's strength in Q2 FY2026 against weakness in Mexico and potential tax and labor risks in Brazil during FY2027.
