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Kofola CeskoSlovensko a.s., (KOFOL) Fair Value & Analysis

Consumer Defensive · CZ · Market cap 11.1B CZK

KC Kofola CeskoSlovensko a.s., KOFOL · PR
Price527.00 CZK
Fair Value466.54 CZK
Upside-11.5%
Quality48/100
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Expensive Growth
Thin margins · 5.8% net margin
High debt · negative free cash flow
Trails peers (5/13)
Moderate moat 50/100
Evidence: High Range 390.15 CZK – 724.57 CZK Share as image

Fair value as of: Jul 19, 2026

From 16 valuation models · updated 22 days ago

Share price +6.9% over the past month.

Below-average quality, and screening another 11% overvalued on our models.

What matters now

  • A fairly wide model range (390.15 CZK to 724.57 CZK) leaves room in how you read the outcome.
  • Our model range runs from 390.15 CZK (bear) to 724.57 CZK (bull), base 466.54 CZK. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 48/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

546.00 CZK 197.42 CZK Fair Value 466.54 CZK Mar 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 197.42 CZK – 546.00 CZK · fair‑value band 390.15 CZK – 724.57 CZK · the 527.00 CZK price screens above the 466.54 CZK fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Kofola CeskoSlovensko a.s., (KOFOL) currently trades at 527.00 CZK, while our model-based Fair Value estimate is 466.54 CZK, implying the stock looks roughly 11.5% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Kofola CeskoSlovensko a.s., generated revenue of 11.0B CZK at a net margin of 5.8%. Revenue grew 13.7% year over year. It earns a return on equity of 31.7%. Net debt stands at 4.9B CZK. Fundamentals as of Jul 19, 2026

Our scenario range runs from 390.15 CZK (bear case) to 724.57 CZK (bull case); at 527.00 CZK, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at -11%, KOFOL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 214.42 CZK 292.12 CZK 2,124 CZK 76
ROIC Compounder 334.73 CZK 454.93 CZK 589.76 CZK 72
Gordon GGM 118.51 CZK 241.78 CZK 390.90 CZK 70
All 16 models by family
DCF Models
Owner Earnings 75.20 CZK 31
Earnings-Based
Graham-Dodd 215.21 CZK 566.31 CZK 739.45 CZK 54
PEG = 1.0 108.56 CZK 155.08 CZK 201.61 CZK 46
EPV 309.64 CZK 388.09 CZK 456.74 CZK 59
Dividend Discount
Gordon GGM 118.51 CZK 241.78 CZK 390.90 CZK 70
DDM Multi-Stage 118.51 CZK 182.87 CZK 251.80 CZK 61
Multiples
P/E Multiple 498.47 CZK 664.63 CZK 830.79 CZK 63
P/S Multiple 403.53 CZK 538.04 CZK 672.55 CZK 58
P/B Multiple 377.35 CZK 503.13 CZK 628.91 CZK 55
EV/EBIT 539.11 CZK 772.51 CZK 1,006 CZK 53
EV/EBITDA 722.65 CZK 1,017 CZK 1,312 CZK 54
EV/Revenue 338.67 CZK 552.84 CZK 767.01 CZK 43
Asset-Based
NCAV (Graham) 45.74 CZK 61.29 CZK 91.48 CZK 50
Economic Profit
Residual Income 214.42 CZK 292.12 CZK 2,124 CZK 76
ROIC Compounder 334.73 CZK 454.93 CZK 589.76 CZK 72
Growth Earnings
Growth-Adj P/E 390.15 CZK 557.36 CZK 724.57 CZK 68

Widest divergence: Growth Earnings (557.36 CZK) versus Asset-Based (61.29 CZK). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 11.0B CZK
Revenue growth (YoY) +13.7%
Net margin 5.8%
Return on equity 31.7%
Free cash flow −7.6M CZK FY2025
P/E ratio 17.2
More key figures
Operating margin -1.2%
EPS (TTM) 30.27 CZK
EPS growth (YoY) -27.9%
Net debt 4.9B CZK FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 68

Profitability 66
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 21
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 89
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kofola CeskoSlovensko a.s., together with its subsidiaries, engages in the production and sale of non-alcoholic and alcoholic beverages in the Czech Republic, Slovakia, Slovenia, Croatia, Poland, and internationally.

Full company description

Kofola CeskoSlovensko a.s., together with its subsidiaries, engages in the production and sale of non-alcoholic and alcoholic beverages in the Czech Republic, Slovakia, Slovenia, Croatia, Poland, and internationally. The company offers carbonated and non-carbonated beverages, water, syrup, beverages for children, energy drink, fresh juices and salads, fruit drinks, teas and coffee, beers and ciders, and other products. It is also involved in operation of fresh bars chain, hotel, coffee plantation, apple orchards, and vending machines; production and distribution of jams, products from medicinal plants and natural teas, and self-watering clay pots; marketing activities; products completion and packaging; production of hot-washed PET flakes and PET preforms; wholesale of beer and soft drinks; B2B sales of products and services through marketplace; provision of road cargo transport services; and services related to products, shared services, and holding of licenses and trademarks activities. The company sells its products primarily under the Kofola, Vinea, Radenska, Studenac, Rajec, Ondrasovka, Korunni and Klastorna Kalcia, Jupi, Jupik, Semtex, UGO, Leros, Cafe Reserva, Trepallini, Zubr, Holba, and Litovel brands, as well as Evian, Vincentka, Dilmah, Royal Crown Cola, Orangina, Pepsi brands; and private labels for third parties. The company was founded in 1887 is headquartered in Ostrava-Poruba, the Czech Republic. Kofola CeskoSlovensko a.s. operates as a subsidiary of Lykos Alfa A.S.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kofola CeskoSlovensko a.s., reported revenue of 10.8B CZK in FY2025 versus 6.6B CZK in FY2021, a compound +12.8%/yr. Reported net income was 674M CZK in FY2025, compounding +28.3%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
10.8B CZK
Latest YoY
−3.0%
Avg. growth/yr (3Y)
+10.9%
Avg. growth/yr (5Y)
+11.7%
Avg. growth/yr (13Y)
+4.4%
Revenue +12.8%/yr
FY21 6.6B CZK
FY22 7.9B CZK
FY23 8.7B CZK
FY24 11.1B CZK
FY25 10.8B CZK
Net income +28.3%/yr
FY21 249M CZK
FY22 269M CZK
FY23 365M CZK
FY24 598M CZK
FY25 674M CZK

KOFOL screens 11% overvalued. Compare with The Coca-Cola Company →

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Cite: Fair Value Calculator (2026). "Kofola CeskoSlovensko a.s., Fair Value". https://www.fairvalue-calculator.com/stock/KOFOL

Peer Group

Beverages - Non-Alcoholic · 91 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside −12% · Below median
Return on equity (TTM) 32% · Top 25%
Return on assets 6% · Below median
Net margin (TTM) 6% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 2.09× · Higher than 75% of peers

Valuation Multiples vs Beverages - Non-Alcoholic median · lower = cheaper

P/E (TTM) 17.2× · Cheaper than median
P/B 5.70× · Pricier than 75% of peers
P/S (TTM) 1.01× · Cheaper than median
EV/EBITDA 8.7× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 28
FUTURE 69 · sector 46
PAST 100 · sector 49
HEALTH 0 · sector 95
DIVIDEND 0 · sector 47

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Beverages - Non-Alcoholic stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
The Coca-Cola Company KO $87.05 $36.57 -58%
PepsiCo, Inc PEP $139.02 $106.91 -23%
Monster Beverage Corporation MNST $97.50 $35.82 -63%
Nongfu Spring Co 9633 HK$41.44 HK$30.72 -26%
Coca-Cola Europacific Partners PLC CCEP €92.10 €85.41 -7%
Keurig Dr Pepper Inc KDP $31.25 $30.99 -1%
Coca-Cola FEMSA, S.A. KOF $102.04 $106.45 +4%
Coca-Cola HBC AG EEE €57.90 €52.82 -9%
Varun Beverages Limited VBL ₹495.70 ₹187.49 -62%
Eastroc Beverage (Group) Co 605499 ¥124.43 ¥107.57 -14%

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Frequently asked questions

Is Kofola CeskoSlovensko a.s., (KOFOL) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 466.54 CZK versus a price of 527.00 CZK, about −11% (overvalued).
What is the fair value of KOFOL?
Our model-based fair value for Kofola CeskoSlovensko a.s., is 466.54 CZK (as of Jul 19, 2026), built from audited fundamentals. The current price is 527.00 CZK.
What is the quality score of KOFOL?
Kofola CeskoSlovensko a.s., has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kofola CeskoSlovensko a.s., (KOFOL)?
Kofola CeskoSlovensko a.s., reported trailing-twelve-month revenue of about 11.0B CZK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of KOFOL?
The net profit margin of Kofola CeskoSlovensko a.s., is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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