CO
Coca-Cola Consolidated Inc
COKE—
Coca-Cola Consolidated Inc AI Insights
Informational only. Not investment advice.Snapshot
- ROE TTM of 41.9% vs industry median 7.1% - 6x superior capital efficiency from asset-light bottling model[Return on Equity]
- P/B ratio of 20.4x signals market pricing in franchise value far exceeding tangible book of 692M[Price to Book Ratio]
- FCF TTM of 598M (8.5% yield on revenue) funds 111M buybacks while maintaining 1.5B cash buffer[Free Cash Flow]
Watch Triggers
- Operating Margin: Falls below 11% TTM — Would signal cost pass-through failure or distribution inefficiency eroding capital efficiency thesis
- Free Cash Flow: Declines >20% YoY — FCF funds buyback program; deterioration limits capital return optionality
- Debt to Equity: Rises above 1.5x — Signals balance sheet leverage increasing, reducing financial flexibility
Bull Case
Exceptional capital efficiency: ROIC 18.2% vs industry median 3.1% (6x) with asset turnover 1.29x (2.4x median) drives superior shareholder returns despite commodity business
ROICAsset TurnoverROE
Fortress balance sheet: 1.5B cash, net debt only 256M, and FCF of 598M provides optionality for M&A or aggressive buybacks at 5% dividend payout
Cash and EquivalentsNet DebtFree Cash Flow
Bear Case
Valuation stretched: P/B 20.4x and P/S 1.99x price in perfection for a bottler with limited growth vectors and franchise territory constraints
Price to Book RatioPrice to Sales Ratio
Intangibles risk: Goodwill/intangibles of 944M represent 58% of equity; franchise value impairment would materially impact book value
Goodwill and Other Intangible AssetsCommon Stockholders Equity
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
Capital returns to accelerate as net debt of 256M leaves substantial capacity for buybacks
1-3yhigh
- Debt/equity 1.17x with 1.5B cash cushion
- FCF of 598M TTM vs 22M dividends paid
- 111M common stock repurchases already active
Net debt only 256M vs 1.6B equity5yr payout ratio 5% leaves 95% for buybacksOperating cash flow 891M TTM
Margin expansion limited as operating margin 13.1% already near structural ceiling for bottlers
1-3ymed
- Gross margin 39.8% constrained by concentrate costs
- Distribution-heavy model caps operating leverage
- Capex 294M TTM for fleet/facilities maintenance
Operating margin at industry median 13.2%Net margin 8.7% vs median 3.8%Asset turnover 1.29x vs median 0.53x
Valuation Context
Caveats
Public Strategies Rankings
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COKE Fundamentals
Manufacturing → Beverage and Tobacco Product Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$13.14B | — | ||
$13.52B | — | ||
20 | — | ||
$7.07B | +4.2% | — | |
$7.63 | +7.8% | — | |
13.1% | +0.1% | — | |
8.66% | +0.8% | — | |
$597.7M | +30.9% | — | |
0.42 | +4.2% | — | |
Beta 5Y (Monthly) | unknown | — |
COKE Dividend History
105 dividends
2026
$0.250001/23/26$0.2500
2025
$1.000010/24/25$0.2500
07/25/25$0.2500
04/25/25$0.2500
01/24/25$0.2500
2024
$2.000010/25/24$0.2500
07/26/24$0.0500
04/25/24$0.0500
01/25/24$1.6500
2023
$0.500010/26/23$0.0500
07/27/23$0.0500
04/27/23$0.0500
01/26/23$0.3500
2022
$0.100010/26/22$0.0250
07/28/22$0.0250
04/27/22$0.0250
01/27/22$0.0250
2021
$0.100010/21/21$0.0250
07/22/21$0.0250
04/22/21$0.0250
01/21/21$0.0250
2020
$0.100010/22/20$0.0250
07/23/20$0.0250
04/22/20$0.0250
01/23/20$0.0250
2019
$0.100010/24/19$0.0250
07/25/19$0.0250
04/25/19$0.0250
01/24/19$0.0250
2018
$0.100010/25/18$0.0250
07/26/18$0.0250
04/26/18$0.0250
01/25/18$0.0250
2017
$0.100010/26/17$0.0250
07/26/17$0.0250
04/26/17$0.0250
01/25/17$0.0250
2016
$0.100010/26/16$0.0250
07/27/16$0.0250
04/27/16$0.0250
01/27/16$0.0250
2015
$0.100010/28/15$0.0250
07/29/15$0.0250
04/29/15$0.0250
01/28/15$0.0250
2014
$0.100010/29/14$0.0250
07/30/14$0.0250
04/30/14$0.0250
01/29/14$0.0250
2013
$0.100010/30/13$0.0250
07/31/13$0.0250
05/01/13$0.0250
01/30/13$0.0250
2012
$0.100010/31/12$0.0250
08/01/12$0.0250
05/02/12$0.0250
02/01/12$0.0250
2011
$0.100011/03/11$0.0250
08/03/11$0.0250
05/04/11$0.0250
02/03/11$0.0250
2010
$0.100011/04/10$0.0250
08/04/10$0.0250
05/05/10$0.0250
02/04/10$0.0250
2009
$0.100011/05/09$0.0250
08/05/09$0.0250
05/06/09$0.0250
02/05/09$0.0250
2008
$0.100011/05/08$0.0250
08/06/08$0.0250
05/07/08$0.0250
02/06/08$0.0250
2007
$0.100011/07/07$0.0250
08/08/07$0.0250
05/09/07$0.0250
02/07/07$0.0250
2006
$0.100011/08/06$0.0250
08/09/06$0.0250
05/10/06$0.0250
02/08/06$0.0250
2005
$0.100011/08/05$0.0250
08/10/05$0.0250
05/11/05$0.0250
02/09/05$0.0250
2004
$0.100011/09/04$0.0250
08/11/04$0.0250
05/12/04$0.0250
02/11/04$0.0250
2003
$0.100011/12/03$0.0250
08/13/03$0.0250
05/14/03$0.0250
02/12/03$0.0250
2002
$0.100011/13/02$0.0250
08/14/02$0.0250
05/15/02$0.0250
02/13/02$0.0250
2001
$0.100011/14/01$0.0250
08/15/01$0.0250
05/16/01$0.0250
02/14/01$0.0250
2000
$0.100011/15/00$0.0250
08/16/00$0.0250
05/17/00$0.0250
02/16/00$0.0250
COKE Stock Splits
1 stock split
05/27/251:10 split
COKE SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
10/29/25 | 09/26/25 | 10-Q | |
07/24/25 | 06/27/25 | 10-Q | |
04/30/25 | 03/31/25 | 10-Q | |
02/20/25 | 12/31/24 | 10-K | |
10/30/24 | 09/27/24 | 10-Q | |
07/31/24 | 06/28/24 | 10-Q | |
05/06/24 | 03/29/24 | 10-Q | |
02/21/24 | 12/31/23 | 10-K | |
11/01/23 | 09/30/23 | 10-Q | |
08/02/23 | 06/30/23 | 10-Q | |
05/03/23 | 03/31/23 | 10-Q | |
02/22/23 | 12/31/22 | 10-K | |
11/01/22 | 09/30/22 | 10-Q | |
08/02/22 | 07/01/22 | 10-Q | |
05/03/22 | 04/01/22 | 10-Q | |
02/22/22 | 12/31/21 | 10-K | |
11/09/21 | 09/30/21 | 10-Q | |
08/10/21 | 07/02/21 | 10-Q | |
05/11/21 | 03/31/21 | 10-Q | |
02/26/21 | 12/31/20 | 10-K | |
11/03/20 | 09/27/20 | 10-Q | |
08/04/20 | 06/30/20 | 10-Q | |
05/05/20 | 03/29/20 | 10-Q | |
02/25/20 | 12/29/19 | 10-K | |
11/05/19 | 09/29/19 | 10-Q | |
08/06/19 | 06/30/19 | 10-Q | |
05/08/19 | 03/31/19 | 10-Q | |
02/27/19 | 12/30/18 | 10-K | |
11/08/18 | 09/30/18 | 10-Q | |
08/08/18 | 07/01/18 | 10-Q | |
05/09/18 | 04/01/18 | 10-Q | |
02/28/18 | 12/31/17 | 10-K | |
11/07/17 | 10/01/17 | 10-Q | |
08/08/17 | 06/30/17 | 10-Q | |
05/11/17 | 04/02/17 | 10-Q | |
03/14/17 | 01/01/17 | 10-K | |
11/10/16 | 10/02/16 | 10-Q | |
08/12/16 | 07/03/16 | 10-Q | |
05/13/16 | 04/03/16 | 10-Q | |
03/18/16 | 01/03/16 | 10-K | |
11/06/15 | 09/30/15 | 10-Q | |
08/07/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
03/13/15 | 12/28/14 | 10-K | |
11/07/14 | 09/28/14 | 10-Q | |
08/08/14 | 06/30/14 | 10-Q | |
05/09/14 | 03/31/14 | 10-Q | |
03/14/14 | 12/29/13 | 10-K | |
11/08/13 | 09/29/13 | 10-Q | |
08/09/13 | 06/30/13 | 10-Q | |
05/10/13 | 03/31/13 | 10-Q | |
03/14/13 | 12/30/12 | 10-K | |
11/09/12 | 09/30/12 | 10-Q | |
08/10/12 | 06/30/12 | 10-Q | |
05/11/12 | 04/01/12 | 10-Q | |
03/16/12 | 12/31/11 | 10-K | |
11/14/11 | 10/02/11 | 10-Q | |
08/12/11 | 07/03/11 | 10-Q | |
05/12/11 | 04/03/11 | 10-Q | |
03/18/11 | 01/02/11 | 10-K | |
11/12/10 | 10/03/10 | 10-Q | |
08/13/10 | 07/04/10 | 10-Q | |
05/13/10 | 04/04/10 | 10-Q | |
03/18/10 | 01/03/10 | 10-K | |
11/06/09 | 09/30/09 | 10-Q | |
08/07/09 | 06/28/09 | 10-Q | |
05/08/09 | 03/30/09 | 10-Q | |
03/13/09 | 12/31/08 | Unknown | -- |
11/07/08 | 09/30/08 | Unknown | -- |
08/08/08 | 06/30/08 | Unknown | -- |
05/09/08 | 03/31/08 | 10-Q | |
03/13/08 | 12/31/07 | 10-K | |
11/08/07 | 09/30/07 | 10-Q | |
08/09/07 | 06/30/07 | Unknown | -- |
05/11/07 | 03/30/07 | Unknown | -- |
03/14/07 | 12/31/06 | 10-K | |
11/13/06 | 09/30/06 | Unknown | -- |
08/16/06 | 06/30/06 | Unknown | -- |
05/11/06 | 03/30/06 | Unknown | -- |
03/16/06 | 12/31/05 | Unknown | -- |
11/10/05 | 09/30/05 | Unknown | -- |
08/12/05 | 06/30/05 | 8-K | |
05/12/05 | 03/30/05 | Unknown | -- |
03/15/05 | 12/31/04 | Unknown | -- |
11/04/04 | 09/30/04 | Unknown | -- |
08/05/04 | 06/30/04 | Unknown | -- |
05/06/04 | 03/30/04 | Unknown | -- |
03/11/04 | 12/31/03 | Unknown | -- |
11/12/03 | 09/30/03 | Unknown | -- |
08/11/03 | 06/30/03 | Unknown | -- |
05/12/03 | 03/31/03 | 10-Q | |
03/28/03 | 12/31/02 | Unknown | -- |
11/08/02 | 09/30/02 | Unknown | -- |
08/13/02 | 06/30/02 | 10-Q | |
05/13/02 | 03/30/02 | Unknown | -- |
03/26/02 | 12/31/01 | Unknown | -- |
11/09/01 | 09/30/01 | 10-Q | |
08/09/01 | 06/30/01 | Unknown | -- |
05/14/01 | 03/30/01 | Unknown | -- |
03/29/01 | 12/31/00 | 10-K | |
11/14/00 | 09/30/00 | Unknown | -- |
08/15/00 | 06/30/00 | Unknown | -- |
05/15/00 | 03/30/00 | Unknown | -- |