KDP - Keurig Dr Pepper Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$32.00
DETAILS
HIGH:
$38.00
LOW:
$24.00
MEDIAN:
$32.00
CONSENSUS:
$32.00
UPSIDE:
16.75%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 15,351.0 | 14,814.0 | 14,057.0 | 12,683.0 | 11,618.0 | 11,120.0 | 7,442.0 | 6,690.0 | 6,440.0 | 6,282.0 |
| Cost of Revenue | 6,822.0 | 6,734.0 | 6,734.0 | 5,706.0 | 5,132.0 | 4,778.0 | 3,560.0 | 2,695.0 | 2,582.0 | 2,559.0 |
| Gross Profit | 8,529.0 | 8,080.0 | 7,323.0 | 6,977.0 | 6,486.0 | 6,342.0 | 3,882.0 | 3,995.0 | 3,858.0 | 3,723.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A Expenses | 5,013.0 | 4,912.0 | 4,645.0 | 4,153.0 | 3,978.0 | 3,962.0 | 2,635.0 | 2,556.0 | 2,329.0 | 2,313.0 |
| Other Expenses | 925.0 | (24.0) | 73.0 | (70.0) | 28.0 | 2.0 | 10.0 | 51.0 | 96.0 | 112.0 |
| Operating Expenses | 5,938.0 | 4,888.0 | 4,718.0 | 4,083.0 | 4,006.0 | 3,964.0 | 2,645.0 | 2,607.0 | 2,425.0 | 2,425.0 |
| Operating Income | ||||||||||
| Operating Income | 2,591.0 | 3,192.0 | 2,605.0 | 2,894.0 | 2,480.0 | 2,378.0 | 1,237.0 | 1,388.0 | 1,433.0 | 1,298.0 |
| Interest Expense | 684.0 | 596.0 | 468.0 | 525.0 | 597.0 | 647.0 | 446.0 | 168.0 | 140.0 | 126.0 |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3.0 | 3.0 | 2.0 |
| Profitability | ||||||||||
| EBITDA | 3,382.0 | 3,973.0 | 3,121.0 | 4,006.0 | 3,010.0 | 3,006.0 | 1,677.0 | 1,566.0 | 1,654.0 | 1,528.0 |
| EBIT | 2,649.0 | 3,253.0 | 2,412.0 | 3,298.0 | 2,357.0 | 2,348.0 | 1,243.0 | 1,337.0 | 1,430.0 | 1,301.0 |
| Income Before Tax | 1,914.0 | 2,757.0 | 1,719.0 | 2,798.0 | 1,753.0 | 1,694.0 | 791.0 | 1,171.0 | 1,281.0 | 1,184.0 |
| Income Tax Expense | 473.0 | 576.0 | 284.0 | 653.0 | 428.0 | 440.0 | 202.0 | 95.0 | 434.0 | 420.0 |
| Net Income | 1,441.0 | 2,181.0 | 1,436.0 | 2,146.0 | 1,325.0 | 1,254.0 | 586.0 | 1,076.0 | 847.0 | 764.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 1.06 | 1.56 | 1.01 | 1.52 | 0.94 | 0.89 | 0.54 | 5.91 | 4.57 | 4.00 |
| EPS (Diluted) | 1.05 | 1.55 | 1.01 | 1.50 | 0.93 | 0.88 | 0.53 | 5.89 | 4.54 | 3.97 |
| Shares Outstanding | 1,362.2 | 1,399.3 | 1,416.8 | 1,415.7 | 1,407.2 | 1,406.7 | 1,086.3 | 182.0 | 185.4 | 190.9 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 510.0 | 267.0 | 535.0 | 567.0 | 240.0 | 75.0 | 83.0 | 61.0 | 1,787.0 | 911.0 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 1,723.0 | 1,519.0 | 1,668.0 | 1,274.0 | 1,144.0 | 1,184.0 | 1,223.0 | 710.0 | 646.0 | 628.0 |
| Inventory | 1,299.0 | 1,142.0 | 1,314.0 | 894.0 | 762.0 | 654.0 | 626.0 | 229.0 | 202.0 | 209.0 |
| Other Current Assets | 403.0 | 231.0 | 219.0 | 305.0 | 227.0 | 343.0 | 198.0 | 110.0 | 83.0 | 69.0 |
| Total Current Assets | 3,997.0 | 3,375.0 | 3,804.0 | 3,057.0 | 2,388.0 | 2,273.0 | 2,159.0 | 1,117.0 | 2,736.0 | 1,817.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 3,844.0 | 3,575.0 | 3,372.0 | 3,167.0 | 2,857.0 | 2,525.0 | 2,310.0 | 1,198.0 | 1,138.0 | 1,156.0 |
| Goodwill | 20,053.0 | 20,202.0 | 20,072.0 | 20,182.0 | 20,184.0 | 20,172.0 | 20,011.0 | 3,561.0 | 2,993.0 | 2,988.0 |
| Intangible Assets | 23,634.0 | 23,287.0 | 23,183.0 | 23,856.0 | 23,968.0 | 24,117.0 | 23,967.0 | 3,781.0 | 2,656.0 | 2,663.0 |
| Long-Term Investments | 1,632.0 | 1,456.0 | 1,049.0 | 89.0 | 130.0 | 192.0 | 231.0 | 73.0 | 74.0 | 71.0 |
| Other Non-Current Assets | 231.0 | 204.0 | 322.0 | 205.0 | 207.0 | 210.0 | 214.0 | 230.0 | 132.0 | 110.0 |
| Total Non-Current Assets | 49,433.0 | 48,755.0 | 48,033.0 | 47,541.0 | 47,391.0 | 47,245.0 | 46,759.0 | 8,905.0 | 7,055.0 | 7,052.0 |
| Total Assets | 53,430.0 | 52,130.0 | 51,837.0 | 50,598.0 | 49,779.0 | 49,518.0 | 48,918.0 | 10,022.0 | 9,791.0 | 8,869.0 |
| Current Liabilities | ||||||||||
| Account Payables | 2,985.0 | 3,597.0 | 5,206.0 | 4,316.0 | 3,740.0 | 3,176.0 | 2,300.0 | 365.0 | 303.0 | 277.0 |
| Short-Term Debt | 2,642.0 | 3,246.0 | 895.0 | 304.0 | 2,345.0 | 1,593.0 | 1,458.0 | 66.0 | 0.0 | 500.0 |
| Deferred Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 64.0 | 64.0 | 64.0 |
| Other Current Liabilities | 495.0 | 424.0 | 421.0 | 309.0 | 299.0 | 270.0 | 362.0 | 596.0 | 549.0 | 588.0 |
| Total Current Liabilities | 8,087.0 | 8,916.0 | 8,076.0 | 6,485.0 | 7,694.0 | 6,474.0 | 5,702.0 | 1,238.0 | 1,051.0 | 1,583.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 12,912.0 | 9,945.0 | 11,072.0 | 11,578.0 | 11,143.0 | 12,827.0 | 14,201.0 | 4,230.0 | 4,325.0 | 2,746.0 |
| Deferred Tax Liabilities | 5,435.0 | 5,760.0 | 5,739.0 | 5,986.0 | 5,993.0 | 6,030.0 | 5,923.0 | 614.0 | 812.0 | 787.0 |
| Other Non-Current Liabilities | 1,286.0 | 420.0 | 404.0 | 348.0 | 241.0 | 234.0 | 254.0 | 264.0 | 209.0 | 260.0 |
| Total Non-Current Liabilities | 21,100.0 | 17,538.0 | 18,636.0 | 19,141.0 | 18,255.0 | 19,787.0 | 20,683.0 | 6,333.0 | 6,606.0 | 5,103.0 |
| Total Liabilities | 29,187.0 | 26,454.0 | 26,712.0 | 25,626.0 | 25,949.0 | 26,261.0 | 26,385.0 | 7,571.0 | 7,657.0 | 6,686.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 14.0 | 14.0 | 14.0 | 14.0 | 14.0 | 14.0 | 14.0 | 2.0 | 2.0 | 2.0 |
| Retained Earnings | 4,793.0 | 4,559.0 | 3,539.0 | 3,199.0 | 2,061.0 | 1,582.0 | 1,178.0 | 2,651.0 | 2,266.0 | 2,165.0 |
| Accumulated Other Comprehensive Income | (276.0) | 315.0 | 129.0 | (26.0) | 77.0 | 104.0 | (130.0) | (202.0) | (229.0) | (195.0) |
| Total Stockholders' Equity | 24,243.0 | 25,676.0 | 25,126.0 | 24,972.0 | 23,829.0 | 23,257.0 | 22,533.0 | 2,451.0 | 2,134.0 | 2,183.0 |
| Total Liabilities & Equity | 53,430.0 | 52,130.0 | 51,837.0 | 50,598.0 | 49,779.0 | 49,518.0 | 48,918.0 | 10,022.0 | 9,791.0 | 8,869.0 |
| Debt Metrics | ||||||||||
| Total Debt | 17,274.0 | 14,824.0 | 13,583.0 | 13,266.0 | 14,482.0 | 15,226.0 | 15,990.0 | 4,479.0 | 4,478.0 | 3,382.0 |
| Net Debt | 16,764.0 | 14,557.0 | 13,048.0 | 12,699.0 | 14,242.0 | 15,151.0 | 15,907.0 | 4,418.0 | 2,691.0 | 2,471.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,441.0 | 2,181.0 | 1,436.0 | 2,146.0 | 1,325.0 | 1,254.0 | 589.0 | 1,076.0 | 847.0 | 764.0 |
| Depreciation & Amortization | 733.0 | 720.0 | 709.0 | 708.0 | 653.0 | 698.0 | 462.0 | 229.0 | 224.0 | 227.0 |
| Stock-Based Compensation | 98.0 | 116.0 | 52.0 | 88.0 | 85.0 | 64.0 | 35.0 | 36.0 | 45.0 | 44.0 |
| Change in Working Capital | (591.0) | (1,747.0) | (275.0) | 351.0 | 166.0 | 366.0 | 457.0 | (45.0) | (98.0) | (6.0) |
| Other Non-Cash Items | 792.0 | 63.0 | 1,204.0 | (450.0) | 278.0 | 115.0 | 151.0 | (57.0) | (108.0) | (67.0) |
| Operating Cash Flow | 2,219.0 | 1,329.0 | 2,837.0 | 2,874.0 | 2,456.0 | 2,474.0 | 1,613.0 | 1,038.0 | 939.0 | 991.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (563.0) | (481.0) | (379.0) | (455.0) | (517.0) | (365.0) | (180.0) | (208.0) | (182.0) | (180.0) |
| Acquisitions | (1,000.0) | (316.0) | (912.0) | 578.0 | (5.0) | (24.0) | (18,984.0) | (1,555.0) | (4.0) | (20.0) |
| Purchases of Investments | 0.0 | 0.0 | (962.0) | (578.0) | (5.0) | (16.0) | (39.0) | (3.0) | (1.0) | (15.0) |
| Sales/Maturities of Investments | 0.0 | 0.0 | 50.0 | 578.0 | 5.0 | 16.0 | 35.0 | 0.0 | 4.0 | 19.0 |
| Other Investing Activities | (51.0) | 13.0 | 1,068.0 | 87.0 | 206.0 | 239.0 | 33.0 | (3.0) | (6.0) | 2.0 |
| Investing Cash Flow | (1,614.0) | (784.0) | (1,135.0) | 210.0 | (316.0) | (150.0) | (19,131.0) | (1,763.0) | (189.0) | (194.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 2,245.0 | 1,084.0 | (205.0) | (1,775.0) | (1,173.0) | (1,525.0) | 8,316.0 | (84.0) | 1,031.0 | 741.0 |
| Stock Repurchased | (1,110.0) | (706.0) | (379.0) | 0.0 | 0.0 | (9,000.0) | 0.0 | (399.0) | (519.0) | (521.0) |
| Dividends Paid | (1,194.0) | (1,142.0) | (1,080.0) | (955.0) | (846.0) | (844.0) | (232.0) | (414.0) | (386.0) | (355.0) |
| Other Financing Activities | (164.0) | (68.0) | (49.0) | (172.0) | 0.0 | 5.0 | 493.0 | (30.0) | (10.0) | (9.0) |
| Financing Cash Flow | (223.0) | (832.0) | (1,728.0) | (2,762.0) | (1,990.0) | (2,364.0) | 17,577.0 | (907.0) | 130.0 | (114.0) |
| Cash Position | ||||||||||
| Net Change in Cash | 341.0 | (268.0) | (33.0) | 313.0 | 144.0 | (28.0) | 44.0 | (1,629.0) | 876.0 | 674.0 |
| Cash at Beginning | 267.0 | 535.0 | 568.0 | 255.0 | 111.0 | 139.0 | 95.0 | 1,787.0 | 911.0 | 237.0 |
| Cash at End | 608.0 | 267.0 | 535.0 | 568.0 | 255.0 | 111.0 | 139.0 | 158.0 | 1,787.0 | 911.0 |
| Free Cash Flow | 1,656.0 | 848.0 | 2,458.0 | 2,419.0 | 1,939.0 | 2,109.0 | 1,433.0 | 830.0 | 757.0 | 811.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 15,351.0 | 14,814.0 | 14,057.0 | 12,683.0 | 11,618.0 | 11,120.0 | 7,442.0 | 6,690.0 | 6,440.0 | 6,282.0 |
| Gross Profit | 8,529.0 | 8,080.0 | 7,323.0 | 6,977.0 | 6,486.0 | 6,342.0 | 3,882.0 | 3,995.0 | 3,858.0 | 3,723.0 |
| Operating Income | 2,591.0 | 3,192.0 | 2,605.0 | 2,894.0 | 2,480.0 | 2,378.0 | 1,237.0 | 1,388.0 | 1,433.0 | 1,298.0 |
| Net Income | 1,441.0 | 2,181.0 | 1,436.0 | 2,146.0 | 1,325.0 | 1,254.0 | 586.0 | 1,076.0 | 847.0 | 764.0 |
| EPS (Diluted) | 1.05 | 1.55 | 1.01 | 1.50 | 0.93 | 0.88 | 0.53 | 5.89 | 4.54 | 3.97 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 510.0 | 267.0 | 535.0 | 567.0 | 240.0 | 75.0 | 83.0 | 61.0 | 1,787.0 | 911.0 |
| Total Assets | 53,430.0 | 52,130.0 | 51,837.0 | 50,598.0 | 49,779.0 | 49,518.0 | 48,918.0 | 10,022.0 | 9,791.0 | 8,869.0 |
| Total Debt | 17,274.0 | 14,824.0 | 13,583.0 | 13,266.0 | 14,482.0 | 15,226.0 | 15,990.0 | 4,479.0 | 4,478.0 | 3,382.0 |
| Stockholders' Equity | 24,243.0 | 25,676.0 | 25,126.0 | 24,972.0 | 23,829.0 | 23,257.0 | 22,533.0 | 2,451.0 | 2,134.0 | 2,183.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 2,219.0 | 1,329.0 | 2,837.0 | 2,874.0 | 2,456.0 | 2,474.0 | 1,613.0 | 1,038.0 | 939.0 | 991.0 |
| Capital Expenditure | (563.0) | (481.0) | (379.0) | (455.0) | (517.0) | (365.0) | (180.0) | (208.0) | (182.0) | (180.0) |
| Free Cash Flow | 1,656.0 | 848.0 | 2,458.0 | 2,419.0 | 1,939.0 | 2,109.0 | 1,433.0 | 830.0 | 757.0 | 811.0 |