$Coca-Cola FEMSA (KOF.US)$Mexican company listed in 1993, ma...

Revenue has been fluctuating and growing over the past 5 years, with an average growth rate of 4.4%. Average growth rate of operating profit is 3.3%. Net income significantly shrank in 2019 and 2020 due to other income, with an average growth rate of 6.8% in the past 4 years. In 2022, interest expenses accounted for 7.9% of operating profit, the interest burden is relatively reasonable. Gross margin has been around 45% in the past 5 years, and in 2022, return on net assets increased to 15.4%.

Revenue grew by 9.2%, operating profit increased by 12.9%, and net income grew by 19% in the first 3 quarters of 2023.

Currently, the P/E ratio is 19.3, the trailing P/E ratio is 15.9. If net income grows by 19% for the full year, the P/E ratio will drop to 16.2, with a dividend yield of 3.5%. The dividend has been relatively stable over the past 10 years. The valuation is somewhat high compared to long-term net income growth, so it is advisable to wait and see.