Coca-Cola FEMSA: The World’s Largest Coca-Cola Bottler At A Discount To Fair Value
Coca-Cola FEMSA (NYSE:KOF) is the worlds largest Coca-Cola bottling company with operations throughout Latin America. It is a stable business with significant barriers to entry that should grow at a mid-single-digit pace. Despite the stability of the business, the strength of the competitive position, and growth outlook, it trades on an EV/EBITDA of 7.3 times and offers a 3.7% dividend yield. There is 44.5% upside to the target price of MXN137.71.