The Coca Cola Stock Z Score

KO Stock

USD 64.43 0.12 0.19%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Coca Cola Piotroski F Score and Coca Cola Valuation analysis.

At this time, Coca Cola's Additional Paid In Capital is very stable compared to the past year. As of the 28th of November 2024, Net Invested Capital is likely to grow to about 70.1 B, while Capital Surpluse is likely to drop about 15.7 B. At this time, Coca Cola's Interest Expense is very stable compared to the past year. As of the 28th of November 2024, Total Other Income Expense Net is likely to grow to about 1.7 B, while Depreciation And Amortization is likely to drop about 906.2 M.

The Coca Cola Company Z Score Analysis

Coca Cola's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Coca Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Coca Cola is extremely important. It helps to project a fair market value of Coca Stock properly, considering its historical fundamentals such as Z Score. Since Coca Cola's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Coca Cola's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Coca Cola's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Short Term Investments	Common Stock	Long Term Debt	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.63	0.81	0.83	0.66	0.96	0.63	0.33	0.79	0.38	0.8	0.35	0.69	0.64	-0.82	0.59	-0.2	-0.63	0.64	0.62	0.31	0.49	0.11	0.1	0.18	-0.26	-0.29
Total Stockholder Equity	0.63		0.22	0.63	0.91	0.41	0.7	0.53	0.83	0.56	0.33	0.3	0.35	0.14	-0.16	0.94	0.05	0.0	0.05	0.01	0.83	-0.23	-0.32	0.24	0.08	0.26	0.14
Net Debt	0.81	0.22		0.76	0.37	0.92	0.61	0.32	0.31	0.23	0.59	0.57	0.81	0.77	-0.93	0.18	0.01	-0.61	0.74	0.68	-0.03	0.75	0.46	-0.22	-0.06	-0.33	-0.13
Retained Earnings	0.83	0.63	0.76		0.68	0.82	0.7	0.32	0.58	0.35	0.66	0.35	0.8	0.81	-0.78	0.5	-0.08	-0.56	0.7	0.68	0.23	0.56	0.16	0.08	-0.23	-0.25	0.19
Net Receivables	0.66	0.91	0.37	0.68		0.48	0.79	0.74	0.67	0.69	0.29	0.43	0.36	0.15	-0.29	0.88	0.2	0.02	0.01	0.0	0.75	-0.1	0.01	-0.05	-0.15	0.14	0.26
Total Liab	0.96	0.41	0.92	0.82	0.48		0.56	0.23	0.61	0.26	0.81	0.35	0.75	0.77	-0.94	0.35	-0.21	-0.75	0.78	0.76	0.07	0.7	0.27	0.01	0.1	-0.39	-0.29
Total Current Assets	0.63	0.7	0.61	0.7	0.79	0.56		0.74	0.42	0.53	0.09	0.82	0.58	0.34	-0.4	0.59	0.46	0.06	0.22	0.13	0.61	0.12	0.22	-0.08	-0.05	0.36	0.26
Short Term Debt	0.33	0.53	0.32	0.32	0.74	0.23	0.74		0.16	0.6	-0.18	0.73	0.24	-0.19	-0.09	0.56	0.65	0.41	-0.31	-0.29	0.64	-0.21	0.37	-0.24	-0.22	0.25	0.26
Intangible Assets	0.79	0.83	0.31	0.58	0.67	0.61	0.42	0.16		0.35	0.7	0.02	0.34	0.3	-0.37	0.81	-0.34	-0.41	0.31	0.29	0.59	-0.01	-0.42	0.4	0.4	-0.04	-0.3
Accounts Payable	0.38	0.56	0.23	0.35	0.69	0.26	0.53	0.6	0.35		0.07	0.38	0.17	-0.04	-0.13	0.58	-0.04	0.09	-0.13	-0.09	0.51	-0.08	0.26	-0.33	0.0	0.01	0.14
Good Will	0.8	0.33	0.59	0.66	0.29	0.81	0.09	-0.18	0.7	0.07		-0.23	0.53	0.69	-0.78	0.29	-0.63	-0.91	0.74	0.79	-0.1	0.61	-0.04	0.25	0.13	-0.64	-0.41
Short Term Investments	0.35	0.3	0.57	0.35	0.43	0.35	0.82	0.73	0.02	0.38	-0.23		0.5	0.13	-0.27	0.28	0.66	0.27	0.05	-0.08	0.46	0.07	0.37	-0.31	-0.04	0.43	0.2
Common Stock	0.69	0.35	0.81	0.8	0.36	0.75	0.58	0.24	0.34	0.17	0.53	0.5		0.74	-0.76	0.22	-0.03	-0.51	0.7	0.69	0.07	0.65	0.24	0.07	-0.1	-0.27	0.01
Long Term Debt	0.64	0.14	0.77	0.81	0.15	0.77	0.34	-0.19	0.3	-0.04	0.69	0.13	0.74		-0.86	0.0	-0.32	-0.81	0.97	0.88	-0.27	0.84	0.18	0.01	-0.16	-0.39	0.04
Treasury Stock	-0.82	-0.16	-0.93	-0.78	-0.29	-0.94	-0.4	-0.09	-0.37	-0.13	-0.78	-0.27	-0.76	-0.86		-0.09	0.24	0.82	-0.85	-0.83	0.19	-0.86	-0.41	0.09	0.12	0.55	0.17
Property Plant Equipment	0.59	0.94	0.18	0.5	0.88	0.35	0.59	0.56	0.81	0.58	0.29	0.28	0.22	0.0	-0.09		0.03	0.06	-0.07	-0.11	0.86	-0.35	-0.36	0.09	0.13	0.23	0.03
Current Deferred Revenue	-0.2	0.05	0.01	-0.08	0.2	-0.21	0.46	0.65	-0.34	-0.04	-0.63	0.66	-0.03	-0.32	0.24	0.03		0.68	-0.44	-0.51	0.33	-0.34	0.26	-0.16	-0.31	0.57	0.45
Net Tangible Assets	-0.63	0.0	-0.61	-0.56	0.02	-0.75	0.06	0.41	-0.41	0.09	-0.91	0.27	-0.51	-0.81	0.82	0.06	0.68		-0.88	-0.91	0.43	-0.81	-0.09	-0.13	-0.1	0.72	0.38
Long Term Debt Total	0.64	0.05	0.74	0.7	0.01	0.78	0.22	-0.31	0.31	-0.13	0.74	0.05	0.7	0.97	-0.85	-0.07	-0.44	-0.88		0.94	-0.36	0.87	0.16	0.11	0.04	-0.45	-0.2
Capital Surpluse	0.62	0.01	0.68	0.68	0.0	0.76	0.13	-0.29	0.29	-0.09	0.79	-0.08	0.69	0.88	-0.83	-0.11	-0.51	-0.91	0.94		-0.43	0.9	0.26	0.22	0.03	-0.63	-0.28
Deferred Long Term Liab	0.31	0.83	-0.03	0.23	0.75	0.07	0.61	0.64	0.59	0.51	-0.1	0.46	0.07	-0.27	0.19	0.86	0.33	0.43	-0.36	-0.43		-0.6	-0.39	0.13	0.18	0.55	0.17
Long Term Investments	0.49	-0.23	0.75	0.56	-0.1	0.7	0.12	-0.21	-0.01	-0.08	0.61	0.07	0.65	0.84	-0.86	-0.35	-0.34	-0.81	0.87	0.9	-0.6		0.54	-0.11	-0.15	-0.62	-0.17
Short Long Term Debt	0.11	-0.32	0.46	0.16	0.01	0.27	0.22	0.37	-0.42	0.26	-0.04	0.37	0.24	0.18	-0.41	-0.36	0.26	-0.09	0.16	0.26	-0.39	0.54		-0.34	-0.3	-0.35	0.03
Cash And Equivalents	0.1	0.24	-0.22	0.08	-0.05	0.01	-0.08	-0.24	0.4	-0.33	0.25	-0.31	0.07	0.01	0.09	0.09	-0.16	-0.13	0.11	0.22	0.13	-0.11	-0.34		0.43	0.03	-0.32
Net Invested Capital	0.18	0.08	-0.06	-0.23	-0.15	0.1	-0.05	-0.22	0.4	0.0	0.13	-0.04	-0.1	-0.16	0.12	0.13	-0.31	-0.1	0.04	0.03	0.18	-0.15	-0.3	0.43		0.2	-0.78
Net Working Capital	-0.26	0.26	-0.33	-0.25	0.14	-0.39	0.36	0.25	-0.04	0.01	-0.64	0.43	-0.27	-0.39	0.55	0.23	0.57	0.72	-0.45	-0.63	0.55	-0.62	-0.35	0.03	0.2		0.26
Capital Stock	-0.29	0.14	-0.13	0.19	0.26	-0.29	0.26	0.26	-0.3	0.14	-0.41	0.2	0.01	0.04	0.17	0.03	0.45	0.38	-0.2	-0.28	0.17	-0.17	0.03	-0.32	-0.78	0.26

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Coca Cola

Based on the company's disclosures, The Coca Cola has a Z Score of 0.0. This is 100.0% lower than that of the Beverages sector and about the same as Consumer Staples (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Coca Cola ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Coca Cola's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Coca Cola's managers, analysts, and investors.

Environmental

Governance

Social

Coca Cola Institutional Holders

Institutional Holdings refers to the ownership stake in Coca Cola that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Coca Cola's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Coca Cola's value.

		Shares
Northern Trust Corp	2024-09-30	40 M
Legal & General Group Plc	2024-06-30	38.7 M
Gqg Partners Llc	2024-09-30	37.8 M
Franklin Resources Inc	2024-09-30	32.9 M
Bank Of New York Mellon Corp	2024-06-30	32.8 M
Bank Of America Corp	2024-06-30	31.8 M
Ubs Asset Mgmt Americas Inc	2024-09-30	29.4 M
Wellington Management Company Llp	2024-06-30	27.6 M
Royal Bank Of Canada	2024-06-30	27.4 M
Berkshire Hathaway Inc	2024-06-30	400 M
Vanguard Group Inc	2024-09-30	376 M

Coca Fundamentals

	Return On Equity	0.37
	Return On Asset	0.0844
	Profit Margin	0.22 %
	Operating Margin	0.30 %
	Current Valuation	306.17 B
	Shares Outstanding	4.31 B
	Shares Owned By Insiders	9.95 %
	Shares Owned By Institutions	64.73 %
	Number Of Shares Shorted	33.66 M
	Price To Earning	27.50 X
	Price To Book	10.49 X
	Price To Sales	5.99 X
	Revenue	45.75 B
	Gross Profit	25 B
	EBITDA	15.62 B
	Net Income	10.71 B
	Cash And Equivalents	9.52 B
	Cash Per Share	3.06 X
	Total Debt	42.06 B
	Debt To Equity	1.69 %
	Current Ratio	1.13 X
	Book Value Per Share	6.15 X
	Cash Flow From Operations	11.6 B
	Short Ratio	2.27 X
	Earnings Per Share	2.41 X
	Price To Earnings To Growth	2.72 X
	Target Price	74.38
	Number Of Employees	79.1 K
	Beta	0.62
	Market Capitalization	277.55 B
	Total Asset	97.7 B
	Retained Earnings	73.78 B
	Working Capital	3.16 B
	Current Asset	33.4 B
	Current Liabilities	26.93 B
	Annual Yield	0.03 %
	Five Year Return	3.13 %
	Net Asset	97.7 B
	Last Dividend Paid	1.92

About Coca Cola Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze The Coca Cola's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Coca Cola using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of The Coca Cola based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Coca Cola

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Coca Cola position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Coca Cola will appreciate offsetting losses from the drop in the long position's value.

Moving together with Coca Stock

0.96	KDP	Keurig Dr Pepper Sell-off Trend	Pair Corr
0.86	KOF	Coca Cola Femsa	Pair Corr

Moving against Coca Stock

0.89	COCO	Vita Coco	Pair Corr
0.78	ZVIA	Zevia Pbc	Pair Corr
0.75	PRMB	Primo Brands	Pair Corr
0.71	FIZZ	National Beverage Corp	Pair Corr
0.7	MNST	Monster Beverage Corp	Pair Corr

The ability to find closely correlated positions to Coca Cola could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coca Cola when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Coca Cola - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Coca Cola to buy it.

The correlation of Coca Cola is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coca Cola moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coca Cola moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Coca Cola can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

How To Invest In Coca

Details

Is Coca Stock a good investment?

Details

What is Coca Cola's Net Worth?

Details

Largest Soft Drinks & Non-alcoholic Beverages Companies

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Largest Beverages - Non-Alcoholic Companies

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Check out Coca Cola Piotroski F Score and Coca Cola Valuation analysis.

You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Is Soft Drinks & Non-alcoholic Beverages space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coca Cola. If investors know Coca will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coca Cola listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.07)

Dividend Share

1.915

Earnings Share

2.41

Revenue Per Share

10.753

Quarterly Revenue Growth

(0.01)

The market value of Coca Cola is measured differently than its book value, which is the value of Coca that is recorded on the company's balance sheet. Investors also form their own opinion of Coca Cola's value that differs from its market value or its book value, called intrinsic value, which is Coca Cola's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coca Cola's market value can be influenced by many factors that don't directly affect Coca Cola's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Coca Cola's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coca Cola is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coca Cola's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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The Coca Cola Stock Z Score

The Coca Cola Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Coca Z Score Driver Correlations

Coca Cola ESG Sustainability

Coca Cola Institutional Holders

Coca Fundamentals

About Coca Cola Fundamental Analysis

Pair Trading with Coca Cola

Moving together with Coca Stock

Moving against Coca Stock

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