Barcha huquqlar himoyalangan.
NYQ – Real vaqt narxi. Valyuta: USD
22.20
0.00 (0.00%)
Yopilishda: Mar 26, 2026, 3:33 PM EDT
Embotelladora Andina (AKO.B, AKO.A) delivered solid sales growth in CLP, but volume and margin trends were mixed across regions. Brazil outperformed with positive volumes and margin expansion, while Chile and Argentina faced volume pressures and margin challenges. At nearly 20x TTM earnings and a 4.8% earnings yield, AKO's valuation is unattractive for a Latin American consumer discretionary stock.
Embotelladora Andina's business has improved, especially in Argentina, driving a 20%+ share price gain, but cyclical risks remain. I estimate a total return potential of 11–12%, combining a 6–7% distributable yield with 5% long-term growth, using a cash flow-based model. Argentina's recovery led recent growth, but sustainability is questionable due to currency and inflation risks; Chile and Brazil show moderate pricing power.
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