KOF Consumer Defensive

Coca-Cola FEMSA, S.A.B. de C.V.

$116.42-0.54%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Consumer Defensive
Industry: Beverages - Non-Alcoholic
Country: Mexico
Market cap: 24.5B USD
Enterprise value: 2.00T USD
Full-time employees: 108,925

Overall health

Strength: more profitable than most peersmore profitable than peers
Strength: growing faster than most peersgrowing faster than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: less short-term liquidity (current ratio 1.12 vs a peer median of 1.52)less liquidity (current ratio 1.12 vs peers 1.52)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #368 of 761 consumer defensive companies (top 49%)

See how it ranks against its peers

Worth knowing

Profit growing, cash flow isn't. Profit +25% since 2022, operating cash flow −13%.
Coca-Cola FEMSA, S.A.B. de C.V.'s reported profit rose 25% since 2022, but the cash its operations generate changed −13%. When profit and cash diverge like this, it's worth understanding why (for example, customers paying more slowly or gains that aren't cash).Coca-Cola FEMSA, S.A.B. de C.V.'s reported profit rose 25% since 2022, but the cash its operations generate changed −13%. When profit and cash diverge like this, it's worth understanding why.
Profit isn't fully turning into cash. Free cash flow is only 38% of reported profit.
Free cash flow is only 38% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Valuation signals disagree. Cheaper than 62% of peers on operating cash profit (EBITDA), but only 15% on free cash flow.Cheaper than 62% of peers on operating cash profit, but only 15% on free cash flow.
Relative to its operating cash profit (EBITDA), Coca-Cola FEMSA, S.A.B. de C.V. looks cheaper than 62% of peers; relative to its free cash flow, cheaper than only 15%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Coca-Cola FEMSA, S.A.B. de C.V. looks cheaper than 62% of peers; relative to its free cash flow, cheaper than only 15%. The valuation score blends the two, so look at which measure fits this business best.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

StockQuotient Score

52/ 100

Oct 5 52 → Nov 4 52

Valuation

Is the price right?

32/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ FCF yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield0.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · MXN→USD at the current rateReported value30% base weight · Z-score -1.49Sector median: 0.0453 · MAD: 0.0301

EBITDA yield10.6%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · MXN→USD convertedReported value50% base weight · Z-score 0.45Sector median: 0.0865 · MAD: 0.0435

Free cash flow yield0.0%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · MXN→USD at the current rate · operating cash flow − capital spendingReported value20% base weight · Z-score -1.41Sector median: 0.0622 · MAD: 0.0441

Other data (not scored)

Book yield0.4%

SEC filings (IFRS mapped) · latest balance sheet · MXN→USD at the current rateOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5381 · MAD: 0.2865

Growth

Is it growing?

62/100

Moderate

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 4.3%

Why

Stronger than most peers on:

▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth0.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -0.04Sector median: 0.0154 · MAD: 0.2529

3-year revenue growth8.8%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 1.09Sector median: 0.0366 · MAD: 0.0470

Revenue growth4.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 0.26Sector median: 0.0278 · MAD: 0.0585

Profitability

Does it earn well?

78/100

Moderate▼ 1 since Oct 27 close

2/3 inputs reported · Partial data

Since last year: No major change

Why it changed since the Oct 27, 2026 close: Score 79 → 78

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ ROA
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin13.9%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score 1.25Sector median: 0.0759 · MAD: 0.0508

Return on assets7.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 1.38Sector median: 0.0396 · MAD: 0.0262

Return on invested capitalUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0766 · MAD: 0.0673

Other data (not scored)

Gross margin45.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.3182 · MAD: 0.1263

Return on equity16.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0831 · MAD: 0.0675

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why

Held back by:

▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.53

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.70Sector median: 0.4070 · MAD: 0.1690

Current ratio1.12×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -0.63Sector median: 1.5250 · MAD: 0.6460

Debt / equity0.55×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -0.34Sector median: 0.4234 · MAD: 0.3581

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Coca-Cola FEMSA, S.A.B. de C.V.

Is Coca-Cola FEMSA, S.A.B. de C.V. getting weaker?: Its latest SEC filing (Apr 16, 2026) showed no major changes. Its overall score is unchanged at 52/100 since Oct 28, 2026.
How is Coca-Cola FEMSA, S.A.B. de C.V. valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 32/100 against 823 consumer defensive peers. EBITDA yield 10.6% vs a peer median of 8.7% (stronger than 62% of peers).EBITDA yield 10.6% vs peers 8.7% (stronger than 62% of peers). Free cash flow yield 0.0% vs a peer median of 6.2% (weaker than 85% of peers).Free cash flow yield 0.0% vs peers 6.2% (weaker than 85% of peers).
Is Coca-Cola FEMSA, S.A.B. de C.V. growing?: Yes, faster than most of its peers. Growth scores 62/100 against 823 consumer defensive peers. 3-year revenue growth 8.8% vs a peer median of 3.7% (stronger than 77% of peers).3-year revenue growth 8.8% vs peers 3.7% (stronger than 77% of peers).
How profitable is Coca-Cola FEMSA, S.A.B. de C.V.?: More profitable than most of its peers. Profitability scores 78/100 against 823 consumer defensive peers. Return on assets 7.6% vs a peer median of 4.0% (stronger than 81% of peers).Return on assets 7.6% vs peers 4.0% (stronger than 81% of peers).
How risky is Coca-Cola FEMSA, S.A.B. de C.V.?: Moderate risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Current ratio 1.12× vs a peer median of 1.52× (weaker than 71% of peers).Current ratio 1.12× vs peers 1.52× (weaker than 71% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Apr 16, 2026 · compared with the year ended Dec 31, 2024

No major changes

	Previous year	Latest year	Change
Revenue (12 months)	279.8B MXN	291.7B MXN	+4.3%
Net income (12 months)	23.7B MXN	23.8B MXN	+0.5%
Free cash flow (12 months)	18.5B MXN	9.1B MXN	−50.8%
Debt	73.7B MXN	79.8B MXN	+8.3%
Cash	32.8B MXN	28.1B MXN	−14.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in MXN, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	45.5%	44.2%	45.2%	46.0%	45.6%	▼ 0.4 pts
Net margin	8.1%	8.4%	8.0%	8.5%	8.2%	▼ 0.3 pts
Return on assets (ROA)	5.8%	6.8%	7.1%	7.7%	7.6%	▼ 0.1 pts
Return on equity (ROE)	12.9%	15.2%	15.4%	16.5%	16.3%	▼ 0.2 pts
Free cash flow margin	12.0%	8.3%	9.3%	6.6%	3.1%	▼ 3.5 pts
Current ratio	1.74×	1.37×	1.23×	1.12×	1.12×	▼ 0.1%
Quick ratio	1.48×	1.16×	1.02×	0.91×	0.91×	▼ 0.2%
Debt to equity	0.71×	0.63×	0.51×	0.51×	0.55×	▲ 6.2%

KOF price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Strength: growing faster than most peersgrowing faster than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: less short-term liquidity (current ratio 1.12 vs a peer median of 1.52)less liquidity (current ratio 1.12 vs peers 1.52)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #368 of 761 consumer defensive companies (top 49%)

See how it ranks against its peers

Worth knowing

Profit growing, cash flow isn't. Profit +25% since 2022, operating cash flow −13%.

Coca-Cola FEMSA, S.A.B. de C.V.'s reported profit rose 25% since 2022, but the cash its operations generate changed −13%. When profit and cash diverge like this, it's worth understanding why (for example, customers paying more slowly or gains that aren't cash).Coca-Cola FEMSA, S.A.B. de C.V.'s reported profit rose 25% since 2022, but the cash its operations generate changed −13%. When profit and cash diverge like this, it's worth understanding why.

Profit isn't fully turning into cash. Free cash flow is only 38% of reported profit.

Free cash flow is only 38% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

Valuation signals disagree. Cheaper than 62% of peers on operating cash profit (EBITDA), but only 15% on free cash flow.Cheaper than 62% of peers on operating cash profit, but only 15% on free cash flow.

Relative to its operating cash profit (EBITDA), Coca-Cola FEMSA, S.A.B. de C.V. looks cheaper than 62% of peers; relative to its free cash flow, cheaper than only 15%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Coca-Cola FEMSA, S.A.B. de C.V. looks cheaper than 62% of peers; relative to its free cash flow, cheaper than only 15%. The valuation score blends the two, so look at which measure fits this business best.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Questions investors ask about Coca-Cola FEMSA, S.A.B. de C.V.

Is Coca-Cola FEMSA, S.A.B. de C.V. getting weaker?

Its latest SEC filing (Apr 16, 2026) showed no major changes. Its overall score is unchanged at 52/100 since Oct 28, 2026.

How is Coca-Cola FEMSA, S.A.B. de C.V. valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 32/100 against 823 consumer defensive peers. EBITDA yield 10.6% vs a peer median of 8.7% (stronger than 62% of peers).EBITDA yield 10.6% vs peers 8.7% (stronger than 62% of peers). Free cash flow yield 0.0% vs a peer median of 6.2% (weaker than 85% of peers).Free cash flow yield 0.0% vs peers 6.2% (weaker than 85% of peers).

Is Coca-Cola FEMSA, S.A.B. de C.V. growing?

Yes, faster than most of its peers. Growth scores 62/100 against 823 consumer defensive peers. 3-year revenue growth 8.8% vs a peer median of 3.7% (stronger than 77% of peers).3-year revenue growth 8.8% vs peers 3.7% (stronger than 77% of peers).

How profitable is Coca-Cola FEMSA, S.A.B. de C.V.?

More profitable than most of its peers. Profitability scores 78/100 against 823 consumer defensive peers. Return on assets 7.6% vs a peer median of 4.0% (stronger than 81% of peers).Return on assets 7.6% vs peers 4.0% (stronger than 81% of peers).

How risky is Coca-Cola FEMSA, S.A.B. de C.V.?

Moderate risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Current ratio 1.12× vs a peer median of 1.52× (weaker than 71% of peers).Current ratio 1.12× vs peers 1.52× (weaker than 71% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

279.8B MXN

291.7B MXN

+4.3%

Net income (12 months)

23.7B MXN

23.8B MXN

+0.5%

Free cash flow (12 months)

18.5B MXN

9.1B MXN

−50.8%

Debt

73.7B MXN

79.8B MXN

+8.3%

Cash

32.8B MXN

28.1B MXN

−14.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

45.5%

44.2%

45.2%

46.0%

45.6%

▼ 0.4 pts

Net margin

8.1%

8.4%

8.0%

8.5%

8.2%

▼ 0.3 pts

Return on assets (ROA)

5.8%

6.8%

7.1%

7.7%

7.6%

▼ 0.1 pts

Return on equity (ROE)

12.9%

15.2%

15.4%

16.5%

16.3%

▼ 0.2 pts

Free cash flow margin

12.0%

8.3%

9.3%

6.6%

3.1%

▼ 3.5 pts

Current ratio

1.74×

1.37×

1.23×

1.12×

▼ 0.1%

Quick ratio

1.48×

1.16×

1.02×

0.91×

▼ 0.2%

Debt to equity

0.71×

0.63×

0.51×

0.55×

▲ 6.2%