The Coca-Cola Company (KO) - Moat Analysis

Track Record

20%

4.8/5

4.85

A true Dividend King with one of the longest unbroken track records in the market. Has raised through every modern recession.

Sub-dimension

Summary

Score

Years Paying15%

5.00

How many consecutive years the dividend has been paid

5.00

Summary

Paying dividends without interruption for over 60 years.

5.00

Years Growing30%

5.00

How many consecutive years the dividend has been raised

5.00

Summary

Over 60 consecutive years of increases — Dividend King status.

5.00

Dividend Growth Track30%

4.50

Quality and consistency of historical dividend growth

4.50

Summary

Steady ~5% CAGR — not explosive, but extraordinarily consistent.

4.50

Recession Resilience25%

5.00

Behaviour through past recessions and downturns

5.00

Summary

Continued raising through 2008 and 2020 with no hesitation.

5.00

Safety

35%

4.0/5

4.00

Safe but not pristine. Payout ratio is elevated and the balance sheet carries meaningful debt, but the cashflow stability of the underlying business compensates.

Sub-dimension

Summary

Score

Payout Sustainability35%

3.80

Capacity to cover the dividend with cash generated

3.80

Summary

3.80

Balance Sheet Strength25%

3.80

Solidity of the balance sheet against the payout commitment

3.80

Summary

3.80

Cashflow Resilience25%

4.50

Stability of free cashflow through the cycle

4.50

Summary

4.50

Profitability Trajectory15%

4.00

Direction of margins and operating efficiency

4.00

Summary

4.00

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