Coca Cola Femsa S.A.B. de C.V. (KOF) vs Zevia PBC (ZVIA)

Coca Cola Femsa S.A.B. de C.V. and Zevia PBC are both Beverages Non Alcoholic companies. Coca Cola Femsa S.A.B. de C.V. is the larger, with a market value of $5.7B against $102.9M — 55.6× the size. Zevia PBC has negative trailing earnings, so its P/E is not meaningful; Coca Cola Femsa S.A.B. de C.V. trades at 17.4×. Coca Cola Femsa S.A.B. de C.V. grew revenue faster over the last twelve months: 36.2% against 7.22%. Coca Cola Femsa S.A.B. de C.V. has the higher net margin (8.05% vs −5.34%) and the higher return on invested capital (14.1% vs −125.0%). Across the 20 metrics below, Coca Cola Femsa S.A.B. de C.V. leads on 13 and Zevia PBC on 7.

Valuation

Metric KOF ZVIA Beverages Non Alcoholic median
P/E 17.39 n/m 21.29
P/S 1.33 0.56 1.65
P/B 2.71 2.87 4.58
Price to free cash flow 9.59 32.91 20.78
EV/EBITDA 10.20 n/m 11.71
EV/Sales 1.47 0.40 2.05
Earnings yield 5.75% (9.77%) 3.53%
Free cash flow yield 10.43% 3.04% 4.40%

Profitability

Metric KOF ZVIA Beverages Non Alcoholic median
Gross margin 46.42% 47.71% 41.13%
Operating margin 14.39% (5.68%) 13.39%
Net margin 8.05% (5.34%) 8.35%
Free cash flow margin 0.00% 1.71% 8.38%
Return on equity 0.00% (25.55%) 23.98%
Return on assets 7.92% (14.33%) 8.96%
Return on invested capital 14.07% (124.95%) 14.10%

Growth

Metric KOF ZVIA Beverages Non Alcoholic median
Revenue growth (TTM) 36.23% 7.22% 10.11%
EPS growth (last fiscal year) (4.52%) 55.88% —
Revenue growth, 5-year CAGR 11.91% 7.95% 10.75%
Net income growth, 5-year CAGR 20.65% 0.00% 10.26%

Health

Metric KOF ZVIA Beverages Non Alcoholic median
Debt to equity 0.57 0.00 0.00
Current ratio 1.04 1.90 1.30
Net debt to EBITDA 0.91 2.34 0.08

Dividend

Metric KOF ZVIA Beverages Non Alcoholic median
Dividend yield 3.53% — 3.00%
Payout ratio 3.24 0.00 0.03

Size

Metric KOF ZVIA Beverages Non Alcoholic median
Market cap 5.72b 102.87m 3.40b

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