Embotelladora Andina S.A. (AKO.B) vs Zevia PBC (ZVIA)

Embotelladora Andina S.A. and Zevia PBC are both Beverages Non Alcoholic companies. Embotelladora Andina S.A. is the larger, with a market value of $2.4B against $102.9M — 23.2× the size. Zevia PBC has negative trailing earnings, so its P/E is not meaningful; Embotelladora Andina S.A. trades at 15.0×. Embotelladora Andina S.A. grew revenue faster over the last twelve months: 7.61% against 7.22%. Embotelladora Andina S.A. has the higher net margin (8.35% vs −5.34%) and the higher return on invested capital (30.0% vs −125.0%). Across the 19 metrics below, Embotelladora Andina S.A. leads on 13 and Zevia PBC on 6.

Valuation

Metric AKO.B ZVIA Beverages Non Alcoholic median
P/E 14.98 n/m 21.29
P/S 1.24 0.56 1.65
P/B 3.24 2.87 4.58
Price to free cash flow 15.97 32.91 20.78
EV/EBITDA 8.52 n/m 11.71
EV/Sales 1.14 0.40 2.05
Earnings yield 6.68% (9.77%) 3.53%
Free cash flow yield 6.26% 3.04% 4.40%

Profitability

Metric AKO.B ZVIA Beverages Non Alcoholic median
Gross margin 39.51% 47.71% 41.13%
Operating margin 13.39% (5.68%) 13.39%
Net margin 8.35% (5.34%) 8.35%
Free cash flow margin 7.96% 1.71% 8.38%
Return on equity 23.98% (25.55%) 23.98%
Return on assets 8.96% (14.33%) 8.96%
Return on invested capital 29.99% (124.95%) 14.10%

Growth

Metric AKO.B ZVIA Beverages Non Alcoholic median
Revenue growth (TTM) 7.61% 7.22% 10.11%
EPS growth (last fiscal year) 25.17% 55.88% —
Revenue growth, 5-year CAGR 10.75% 7.95% 10.75%
Net income growth, 5-year CAGR 13.26% 0.00% 10.26%

Health

Metric AKO.B ZVIA Beverages Non Alcoholic median
Debt to equity 0.00 0.00 0.00
Current ratio 1.61 1.90 1.30
Net debt to EBITDA (0.78) 2.34 0.08

Dividend

Metric AKO.B ZVIA Beverages Non Alcoholic median
Dividend yield 6.73% — 3.00%
Payout ratio 1.55 0.00 0.03

Size

Metric AKO.B ZVIA Beverages Non Alcoholic median
Market cap 2.39b 102.87m 3.40b

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