Thesis Summary
Coca-Cola Consolidated, Inc. (COKE), is currently trading at incredibly high valuation ratios despite showing slowing growth and lower profitability. There are a few reasons for this and in this article, I will try and explain this overvaluation and reach a target price more in line with the intrinsic value of the company.
Company Overview
COKE, while being an independent entity, can be seen as a subsidiary of The Coca-Cola Company (KO), which owns a substantial majority of the firm. However, COKE is not involved in the production of Coke,