` Comparison: KDP vs KO - Alpha Spread

KDP
vs
KO

Over the past 12 months, KDP has underperformed KO, delivering a return of -9% compared to the KO's +14% growth.

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KDP
KO
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Valuation Comparison

KDP Intrinsic Value
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KO Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Keurig Dr Pepper Inc
NASDAQ:KDP
29.69 USD
Coca-Cola Co
NYSE:KO
78.68 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
KDP, KO

Revenue
www.alphaspread.com
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Keurig Dr Pepper Inc
Revenue
Coca-Cola Co
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
KDP, KO

Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Keurig Dr Pepper Inc
NASDAQ:KDP
Coca-Cola Co
NYSE:KO
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What is Free Cash Flow?

Gross Margin

KDP
54.8%
KO
61.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Keurig Dr Pepper Inc
Coca-Cola Co

Operating Margin

KDP
21.9%
KO
31%
LTM 3Y Avg 5Y Avg 10Y Avg
Keurig Dr Pepper Inc
Coca-Cola Co

Net Margin

KDP
9.8%
KO
27.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Keurig Dr Pepper Inc
Coca-Cola Co

FCF Margin

KDP
9.9%
KO
11%
LTM 3Y Avg 5Y Avg 10Y Avg
Keurig Dr Pepper Inc
Coca-Cola Co

ROE

KDP
6.3%
KO
46%
LTM 3Y Avg 5Y Avg 10Y Avg
Keurig Dr Pepper Inc
Coca-Cola Co

ROA

KDP
2.9%
KO
12.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Keurig Dr Pepper Inc
Coca-Cola Co

ROIC

KDP
5.4%
KO
16.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Keurig Dr Pepper Inc
Coca-Cola Co

ROCE

KDP
7.7%
KO
18.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Keurig Dr Pepper Inc
Coca-Cola Co

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
KDP, KO

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Performance Gap
KDP, KO

Performance Gap Between KDP and KO
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Performance By Year
KDP, KO

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