Forecast Of The Day: Coca-Cola Europe, Middle East & Africa Revenues

KO: The Coca-Cola Company logo
The Coca-Cola Company


Coca-Cola (NYSE:KO) Europe, Middle East & Africa Revenues declined from around $7.1 billion in 2019 to about $6.1 billion in 2020. We expect the metric to recover to $6.9 billion for 2021 while growing to about $7.2 billion for 2022.


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While sales over 2020 were impacted by the Covid-19 lockdowns, we expect longer-term growth to be driven by the demand for healthier products, and price increases.

So What?

We think the projected growth is priced into KO stock. We value KO at about $60 per share, roughly in line with the current market price.

See Our Complete Analysis For Coca-Cola

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

Returns Jan 2022
MTD [1]
YTD [1]
Total [2]
 KO Return 3% 3% 47%
 S&P 500 Return -7% -7% 98%
 Trefis MS Portfolio Return -11% -11% 248%

[1] Month-to-date and year-to-date as of 1/30/2022
[2] Cumulative total returns since the end of 2016

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