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DCF Valuation
Base-case fair value
$32.62
Intrinsic $43.49 · 25% MOS
Current price: $79.39
Base-case summary
Our base-case DCF for Coca Cola Co (KO) projects 10 years of free cash flow growth at 2.2% for years 1–5 and 1.1% for years 6–10, anchored to 2.2% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $12.6B in trailing free cash flow, this produces an intrinsic value of $43.49 per share. A 25% safety margin gives a fair value of $32.62, suggesting the stock is currently 59% overvalued against the $79.39 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$12.6B
Cash & equivalents
$11.1B
Total debt
$43.8B
Shares outstanding
4.3B