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Financial statements

COCA COLA FEMSA SAB DE CV financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data COCA COLA FEMSA SAB DE CV files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2018FY2019FY2020
Revenue10,3769,28610,3119,231
Cost of revenue5,7085,0125,6715,068
Gross profit4,6684,2744,6404,163
General and administrative457407447397
Interest income45516553
Pre-tax income362-864-969-794
Income tax232268299273
Income from continuing operations596670521
Net income to minority interests58
Net income-652768670521
EPS, basic-0.31
EPS, diluted-0.31

Balance sheet

FY2017FY2018FY2019FY2020
Cash and equivalents9561,2081,0862,187
Receivables895756821579
Inventory579512559489
Total current assets2,8342,9283,0113,642
Property, plant and equipment3,8613,1553,2442,989
Lease right-of-use assets7364
Total assets14,54613,43613,67113,225
Accounts payable580302548503
Total current liabilities2,8312,3212,7052,154
Lease liabilities4838
Total liabilities7,3816,7266,7957,069
Total debt900
Retained earnings3,1463,6304,0203,815
Shareholders' equity6,2416,3636,5185,875
Minority interests924347358281
Total equity7,1656,7106,8766,156
Total liabilities and equity14,54613,43613,67113,225

Cash flow statement

FY2017FY2018FY2019FY2020
Net income-594768670521
Cash from operations1,692
Capital expenditures-564-505-548-485
Cash from investing-555
Debt issued6367865693,132
Debt repaid-668-813-1,086-2,272
Stock issued20800
Dividends paid-356-358-394-517
Cash from financing-549
Net change in cash588257-1191,260
Free cash flow1,128

Key metrics

Worked out from the statements above. Latest values use fiscal 2020. Valuation uses the share price of $108.77 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Gross margin45.1%Gross profit / revenue.
Pre-tax margin-8.6%Pre-tax income / revenue.
Net margin5.6%Net income / revenue.
Return on equity (ROE)8.4%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)3.9%Net income / average total assets.
Capex / revenue5.3%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-10.5%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-3.8%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y-10.3%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-3.7%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y-22.2%Net income vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-9.9%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-2.0%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-3.3%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-3.1%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.69xCurrent assets / current liabilities.
Quick ratio1.28x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.02x(Cash + short-term investments) / current liabilities.
Debt / equity0.15xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets6.8%Total debt / total assets.
Liabilities / assets53.5%Total liabilities / total assets.
Net debt-$1.29BTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital$1.49BCurrent assets - current liabilities.
Tangible book value$5.88BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.69xRevenue / average total assets.
Fixed asset turnover2.96xRevenue / average property, plant and equipment.
Inventory turnover9.67xCost of revenue / average inventory.
Days inventory38 days365 x average inventory / cost of revenue.
Receivables turnover13.2xRevenue / average receivables.
Days sales outstanding28 days365 x average receivables / revenue.
Days payables38 days365 x average accounts payable / cost of revenue.
Cash conversion cycle28 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
Payout ratio99.2%Dividends paid / net income, when net income is positive.

Valuation

MetricValueHow it is calculated
Market cap$5.71BShare price x shares outstanding.
Enterprise value$4.43BMarket cap + total debt - cash - short-term investments.
P/E11.0xMarket cap / net income. Only when net income is positive.
P/S0.62xMarket cap / revenue.
P/B0.97xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.97xMarket cap / tangible book value, when positive.
EV/Sales0.48xEnterprise value / revenue.
Earnings yield9.1%Net income / market cap (the inverse of P/E).
Dividend yield9.1%Dividends paid over the period / market cap.
Shareholder yield9.1%(Dividends paid + share buybacks) / market cap.
What was COCA COLA FEMSA SAB DE CV's revenue in fiscal 2020?

COCA COLA FEMSA SAB DE CV reported revenue of $9.23B for fiscal 2020, 10.5% lower than the year before.

Was COCA COLA FEMSA SAB DE CV profitable in fiscal 2020?

Yes. Net income was $521.0M, a net margin of 5.6%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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