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Embotelladora Andina

DB:AKOB
Snowflake Description

Undervalued with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AKOB
DB
CLP1,789B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Embotelladora Andina S.A., together with its subsidiaries, produces, markets, and distributes Coca-Cola soft drinks in Chile, Brazil, Argentina, and Paraguay. The last earnings update was 121 days ago. More info.


Add to Portfolio Compare Print
  • Embotelladora Andina has significant price volatility in the past 3 months.
AKOB Share Price and Events
7 Day Returns
-9.9%
DB:AKOB
-4%
DE Beverage
-6.8%
DE Market
1 Year Returns
-33.7%
DB:AKOB
10.8%
DE Beverage
6.5%
DE Market
AKOB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Embotelladora Andina (AKOB) -9.9% -8.6% -7.9% -33.7% -42.2% -17.1%
DE Beverage -4% -0.6% 2.7% 10.8% 34.8% 64.1%
DE Market -6.8% -3.7% -3.6% 6.5% -2.6% -2.9%
1 Year Return vs Industry and Market
  • AKOB underperformed the Beverage industry which returned 10.8% over the past year.
  • AKOB underperformed the Market in Germany which returned 6.5% over the past year.
Price Volatility
AKOB
Industry
5yr Volatility vs Market

Value

 Is Embotelladora Andina undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Embotelladora Andina to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Embotelladora Andina.

DB:AKOB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AKOB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.47 (1 + (1- 26%) (42.86%))
0.745
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 6.33%)
4.67%

Discounted Cash Flow Calculation for DB:AKOB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Embotelladora Andina is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:AKOB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CLP, Millions) Source Present Value
Discounted (@ 4.67%)
2020 151,198.00 Analyst x2 144,446.57
2021 166,781.00 Analyst x2 152,219.02
2022 221,072.00 Analyst x1 192,760.16
2023 250,922.38 Est @ 13.5% 209,018.21
2024 274,345.47 Est @ 9.33% 218,325.11
2025 291,951.20 Est @ 6.42% 221,961.34
2026 304,724.50 Est @ 4.38% 221,327.62
2027 313,700.47 Est @ 2.95% 217,673.02
2028 319,801.71 Est @ 1.94% 211,997.82
2029 323,781.47 Est @ 1.24% 205,051.89
Present value of next 10 years cash flows CLP1,994,780.00
DB:AKOB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CLP323,781.47 × (1 + -0.39%) ÷ (4.67% – -0.39%)
CLP6,368,853.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CLP6,368,853.03 ÷ (1 + 4.67%)10
CLP4,033,416.05
DB:AKOB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CLP1,994,780.00 + CLP4,033,416.05
CLP6,028,196.05
Equity Value per Share
(CLP)
= Total value / Shares Outstanding
= CLP6,028,196.05 / 946.57
CLP6368.46
DB:AKOB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AKOB represents 0.00646x of SNSE:ANDINA-B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00646x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CLP) x Listing Adjustment Factor
= CLP 6,368.46 x 0.00646
€41.13
Value per share (EUR) From above. €41.13
Current discount Discount to share price of €12.80
= -1 x (€12.80 - €41.13) / €41.13
68.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Embotelladora Andina is available for.
Intrinsic value
>50%
Share price is €12.8 vs Future cash flow value of €41.13
Current Discount Checks
For Embotelladora Andina to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Embotelladora Andina's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Embotelladora Andina's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Embotelladora Andina's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Embotelladora Andina's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AKOB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CLP CLP134.86
SNSE:ANDINA-B Share Price ** SNSE (2020-02-27) in CLP CLP1982
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 29.97x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 19.97x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Embotelladora Andina.

DB:AKOB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SNSE:ANDINA-B Share Price ÷ EPS (both in CLP)

= 1982 ÷ 134.86

14.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Embotelladora Andina is good value based on earnings compared to the DE Beverage industry average.
  • Embotelladora Andina is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Embotelladora Andina's expected growth come at a high price?
Raw Data
DB:AKOB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
8%per year
Europe Beverage Industry PEG Ratio Median Figure of 30 Publicly-Listed Beverage Companies 2.56x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

DB:AKOB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.7x ÷ 8%

1.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Embotelladora Andina is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Embotelladora Andina's assets?
Raw Data
DB:AKOB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CLP CLP891.51
SNSE:ANDINA-B Share Price * SNSE (2020-02-27) in CLP CLP1982
Germany Beverage Industry PB Ratio Median Figure of 7 Publicly-Listed Beverage Companies 2.36x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.77x
DB:AKOB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SNSE:ANDINA-B Share Price ÷ Book Value per Share (both in CLP)

= 1982 ÷ 891.51

2.22x

* Primary Listing of Embotelladora Andina.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Embotelladora Andina is good value based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Embotelladora Andina's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Embotelladora Andina has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Embotelladora Andina expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Embotelladora Andina expected to grow at an attractive rate?
  • Embotelladora Andina's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Embotelladora Andina's earnings growth is positive but not above the Germany market average.
  • Embotelladora Andina's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AKOB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AKOB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 8%
DB:AKOB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 4.7%
Europe Beverage Industry Earnings Growth Rate Market Cap Weighted Average 7.4%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AKOB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in CLP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AKOB Future Estimates Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,965,982 172,630 1
2021-12-31 1,950,634 260,813 150,406 9
2020-12-31 1,805,036 238,731 135,429 11
2020-02-27
2019-12-31 1,759,529 188,708 130,376 10
DB:AKOB Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-09-30 1,779,344 266,719 127,655
2019-06-30 1,718,032 235,791 113,140
2019-03-31 1,679,359 242,526 104,246
2018-12-31 1,672,916 235,279 96,603
2018-09-30 1,643,162 209,194 96,392
2018-06-30 1,715,982 241,161 106,811
2018-03-31 1,801,510 212,972 113,713
2017-12-31 1,848,879 247,960 117,836
2017-09-30 1,843,692 267,951 110,106
2017-06-30 1,848,620 248,848 104,670
2017-03-31 1,819,734 259,336 100,412
2016-12-31 1,777,459 223,447 90,526

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Embotelladora Andina's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
  • Embotelladora Andina's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AKOB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Embotelladora Andina Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AKOB Future Estimates Data
Date (Data in CLP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 182.40 182.40 182.40 1.00
2021-12-31 158.76 179.80 145.25 4.00
2020-12-31 144.96 160.60 129.40 6.00
2020-02-27
2019-12-31 136.43 151.30 126.39 6.00
DB:AKOB Past Financials Data
Date (Data in CLP Millions) EPS *
2019-09-30 134.86
2019-06-30 119.53
2019-03-31 110.13
2018-12-31 102.06
2018-09-30 101.83
2018-06-30 112.84
2018-03-31 120.13
2017-12-31 124.49
2017-09-30 116.32
2017-06-30 110.58
2017-03-31 106.08
2016-12-31 95.64

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Embotelladora Andina is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Embotelladora Andina's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Embotelladora Andina has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Embotelladora Andina performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Embotelladora Andina's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Embotelladora Andina's year on year earnings growth rate has been positive over the past 5 years.
  • Embotelladora Andina's 1-year earnings growth exceeds its 5-year average (32.4% vs 7.8%)
  • Embotelladora Andina's earnings growth has exceeded the DE Beverage industry average in the past year (32.4% vs -11.6%).
Earnings and Revenue History
Embotelladora Andina's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Embotelladora Andina Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AKOB Past Revenue, Cash Flow and Net Income Data
Date (Data in CLP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,779,343.54 127,655.23 504,651.19
2019-06-30 1,718,032.44 113,140.26 489,622.98
2019-03-31 1,679,359.10 104,246.40 476,319.72
2018-12-31 1,672,915.80 96,603.37 479,518.34
2018-09-30 1,643,161.70 96,392.37 472,796.00
2018-06-30 1,715,982.32 106,810.99 494,810.23
2018-03-31 1,801,509.82 113,713.12 526,687.98
2017-12-31 1,848,878.62 117,835.79 541,127.20
2017-09-30 1,843,691.85 110,105.85 542,148.04
2017-06-30 1,848,620.04 104,670.22 547,616.08
2017-03-31 1,819,734.21 100,411.76 542,522.69
2016-12-31 1,777,459.32 90,525.99 529,879.69
2016-09-30 1,788,919.94 84,348.88 533,075.58
2016-06-30 1,799,431.21 81,469.81 535,821.41
2016-03-31 1,832,786.81 84,811.01 538,854.09
2015-12-31 1,877,394.26 87,863.48 555,091.64
2015-09-30 1,884,230.45 96,878.07 556,113.41
2015-06-30 1,876,337.75 91,710.18 551,193.75
2015-03-31 1,852,609.78 87,220.04 543,199.63
2014-12-31 1,797,199.88 75,490.24 529,183.78
2014-09-30 1,735,252.40 70,191.18 498,580.24
2014-06-30 1,652,689.91 77,105.40 472,965.32
2014-03-31 1,593,326.05 87,017.19 454,821.07
2013-12-31 1,521,681.34 88,982.68 435,579.12
2013-09-30 1,449,974.53 93,739.67 416,448.94
2013-06-30 1,351,528.79 91,975.04 380,429.45
2013-03-31 1,259,330.35 89,228.96 351,408.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Embotelladora Andina has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Embotelladora Andina used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Embotelladora Andina has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Embotelladora Andina's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Embotelladora Andina has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Embotelladora Andina's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Embotelladora Andina's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Embotelladora Andina is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Embotelladora Andina's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Embotelladora Andina's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Embotelladora Andina Company Filings, last reported 4 months ago.

DB:AKOB Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 863,582.99 738,627.15 105,679.70
2019-06-30 873,668.32 736,923.41 117,450.34
2019-03-31 877,541.87 729,199.08 121,807.61
2018-12-31 863,714.74 744,973.53 137,552.65
2018-09-30 782,987.90 709,007.17 73,721.85
2018-06-30 765,313.50 711,592.19 109,668.58
2018-03-31 828,319.69 693,124.94 120,304.53
2017-12-31 813,233.35 712,912.39 149,911.26
2017-09-30 827,091.16 721,122.59 124,567.37
2017-06-30 849,920.95 753,407.05 151,707.58
2017-03-31 873,507.14 752,848.16 187,480.62
2016-12-31 842,170.03 750,760.60 195,153.59
2016-09-30 837,678.67 746,429.36 148,009.66
2016-06-30 828,112.59 756,695.60 181,000.92
2016-03-31 850,328.65 758,366.34 189,400.93
2015-12-31 851,534.30 791,469.70 216,652.87
2015-09-30 851,337.56 793,285.72 160,557.94
2015-06-30 876,325.31 767,931.63 179,884.55
2015-03-31 903,610.63 765,252.27 177,842.50
2014-12-31 918,997.73 762,934.84 181,490.32
2014-09-30 913,418.25 784,118.07 147,179.07
2014-06-30 919,099.41 757,825.08 149,041.66
2014-03-31 934,938.52 703,215.17 108,025.36
2013-12-31 881,432.59 686,408.73 113,105.59
2013-09-30 866,530.36 361,715.76 112,237.66
2013-06-30 864,967.97 299,552.88 48,125.74
2013-03-31 937,876.12 271,740.95 46,238.30
  • Embotelladora Andina's level of debt (85.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (85.8% vs 85.5% today).
  • Debt is well covered by operating cash flow (36.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.8x coverage).
X
Financial health checks
We assess Embotelladora Andina's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Embotelladora Andina has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Embotelladora Andina's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.77%
Current annual income from Embotelladora Andina dividends. Estimated to be 5.46% next year.
If you bought €2,000 of Embotelladora Andina shares you are expected to receive €95 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Embotelladora Andina's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Embotelladora Andina's dividend is above the markets top 25% of dividend payers in Germany (3.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AKOB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AKOB Future Dividends Estimate Data
Date (Data in CLP) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 111.50 1.00
2021-12-31 106.34 6.00
2020-12-31 116.30 1.00
2020-02-27
2019-12-31 86.12 6.00
DB:AKOB Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-10-01 94.600 4.415
2019-03-01 94.600 3.957
2018-09-26 94.600 3.764
2018-04-20 91.850 3.438
2017-09-27 83.600 2.816
2017-03-01 81.400 2.923
2016-09-28 74.800 2.973
2016-03-01 72.600 3.116
2015-12-23 68.200 3.455
2015-10-29 57.310 2.542
2015-04-28 40.810 1.902
2015-02-26 57.310 3.428
2014-12-19 53.130 3.056
2014-10-01 57.640 3.138
2014-04-15 56.760 2.729
2014-03-06 56.760 2.762
2014-02-28 56.760 2.654
2013-12-18 93.170 4.282
2013-05-29 108.690 3.936
2013-03-01 105.622 3.358
2012-11-21 79.189 2.561
2012-10-03 53.658 1.801
2012-03-01 66.847 2.514
2011-12-22 97.834 4.145
2011-07-01 97.834 4.511
2011-05-03 97.834 4.404
2010-12-22 95.920 4.230
2010-01-28 90.970 4.405
2010-01-27 90.970 5.198
2009-12-29 85.940 4.865
2009-06-30 85.940 5.303

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Embotelladora Andina's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Embotelladora Andina's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Embotelladora Andina afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Embotelladora Andina has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Embotelladora Andina's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Miguel Angel Peirano
AGE 60
TENURE AS CEO 9.1 years
CEO Bio

Mr. Miguel Ángel Peirano has been the Chief Executive Officer of Embotelladora Andina S.A. since joining it in 2011. Mr. Peirano served as the Chief Operating Officer of Mercosur operations at Coca-Cola FEMSA S.A.B de CV since January 2009. Mr. Peirano served as Head of Mercosur Division at Coca-Cola FEMSA S.A.B de CV since January 2009. He served as President at FEMSA Cerveza Brazil from 2009 to 2011. While at Coca-Cola FEMSA, he held several positions, including Vice-President from 2006 to 2008. He also served as an Assistant Manager at McKinsey & Company since 1999. Mr. Peirano served as Director of FEMSA Cerveza Brazil. As the Director of FEMSA Cerveza Brazil, Mr. Peirano was responsible for the transformation of FEMSA's beer business in that country. He served as the Head\Director of the Coca-Cola FEMSA operation in Argentina from 2003 to 2005, Manufacturing Director since 2000, Strategic Planning Director since 1999 and Commercial Director since 2002. In Argentina and Brazil, he successfully implemented new business models and thus, strengthened its product portfolio. He serves as Executive Vice Chairman of Embotelladoras Coca-Cola Polar, S.A. He has a Degree in Electronic Engineering and holds the Mckinsey MBA and completed The General Manager Program from Harvard Business School.

CEO Compensation
  • Insufficient data for Miguel to compare compensation growth.
  • Insufficient data for Miguel to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Embotelladora Andina management team in years:

7.1
Average Tenure
53.5
Average Age
  • The average tenure for the Embotelladora Andina management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Miguel Angel Peirano

TITLE
Chief Executive Officer
AGE
60
TENURE
9.1 yrs

Andrés Pollack Wainer

TITLE
Chief Financial officer
AGE
49
TENURE
9.3 yrs

Carlos Gálvez

TITLE
Chief Process and Information Officer
AGE
55
TENURE
4.1 yrs

Jaime Cohen Arancibia

TITLE
Chief Legal Officer
AGE
52
TENURE
12.1 yrs

Gonzalo Muñoz

TITLE
Chief Human Resources Officer
AGE
57
TENURE
5.1 yrs

Martin Idigoras

TITLE
Chief IT Officer
AGE
44
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Embotelladora Andina board of directors in years:

9.3
Average Tenure
55.5
Average Age
  • The tenure for the Embotelladora Andina board of directors is about average.
Board of Directors

Juan Claro González

TITLE
Chairman
COMPENSATION
CLP144M
AGE
69
TENURE
14.8 yrs

Arturo Majlis Albala

TITLE
Vice Chairman
COMPENSATION
CLP144M
AGE
57
TENURE
1.8 yrs

Eduardo Chadwick Claro

TITLE
Vice Chairman
COMPENSATION
CLP144M
AGE
60
TENURE
2.8 yrs

Gonzalo Said Handal

TITLE
Director
COMPENSATION
CLP144M
AGE
55
TENURE
26.8 yrs

Hijo Garcés Silva

TITLE
Director
COMPENSATION
CLP144M
AGE
53
TENURE
27.8 yrs

Salvador Said Somavia

TITLE
Director
COMPENSATION
CLP168M
AGE
55
TENURE
27.8 yrs

Gonzalo Parot Palma

TITLE
Independent Director
COMPENSATION
CLP96M
AGE
67
TENURE
10.8 yrs

Mariano Rossi

TITLE
Director
COMPENSATION
CLP72M
AGE
53
TENURE
7.7 yrs

Pilar Lamana Gaete

TITLE
Independent Director
COMPENSATION
CLP96M
AGE
54
TENURE
2.8 yrs

Georges Antoine de Bourguignon Arndt Covarrubias

TITLE
Director
COMPENSATION
CLP72M
AGE
56
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Embotelladora Andina's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Embotelladora Andina has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Embotelladora Andina S.A., together with its subsidiaries, produces, markets, and distributes Coca-Cola soft drinks in Chile, Brazil, Argentina, and Paraguay. It also offers fruit-flavored beverages, juices, sports and energy drinks, ice tea, and bottled water. Embotelladora Andina S.A. was founded in 1946 and is headquartered in Santiago, Chile.

Details
Name: Embotelladora Andina S.A.
AKOB
Exchange: DB
Founded: 1946
CLP2,001,184,757
946,570,604
Website: http://www.koandina.com
Address: Embotelladora Andina S.A.
Avenida Miraflores 9153,
7th Floor,
Santiago,
Region Metropolitana (Santiago), Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE ANDINA-B Series B Shares Santiago Stock Exchange CL CLP 14. Apr 1997
NYSE AKO.A SPON ADR-EACH REPR 6 SER'A'PRF NPV New York Stock Exchange US USD 07. Apr 1997
NYSE AKO.B SPON ADR-EACH REPR 6 SER'B'PRF NPV New York Stock Exchange US USD 07. Apr 1997
SNSE ANDINA-A Series A Shares Santiago Stock Exchange CL CLP 14. Apr 1997
DB AKOB SPON ADR-EACH REPR 6 SER'B'PRF NPV Deutsche Boerse AG DE EUR 07. Apr 1997
BST AKOA SPON ADR-EACH REPR 6 SER'A'PRF NPV Boerse-Stuttgart DE EUR 07. Apr 1997
Number of employees
Current staff
Staff numbers
15,310
Embotelladora Andina employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/27 20:52
End of day share price update: 2020/02/27 00:00
Last estimates confirmation: 2020/02/27
Last earnings filing: 2019/10/29
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.