Credit suisse holt lens

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COCA-COLA CO Relative Wealth Chart (KO)

THIS REPORT IS MARKET COMMENTARY AND NOT A RESEARCH DOCUMENT

Source: Credit Suisse HOLT Lens on June 9, 2020

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COCA-COLA CO Sales, Margins, and Turns (KO)

THIS REPORT IS MARKET COMMENTARY AND NOT A RESEARCH DOCUMENT

Source: Credit Suisse HOLT Lens on June 9, 2020

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COCA-COLA CO (KO)

THIS REPORT IS MARKET COMMENTARY AND NOT A RESEARCH DOCUMENT

Source: Credit Suisse HOLT Lens on June 9, 2020

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The HOLT methodology does not assign ratings or a target price to a security. It is an analytical tool that involves use of a set of proprietary quantitative algorithms and warranted value calculations, collectively called the HOLT valuation model, that are consistently applied to all the companies included in its database. The HOLT valuation model is a discounted cash flow model. Third-party data (including consensus earnings estimates) are systematically translated into a number of default variables and incorporated into the algorithms available in the HOLT valuation model. The source financial statement, pricing, and earnings data provided by outside data vendors are subject to quality control and may also be adjusted to more closely measure the underlying economics of firm performance. These adjustments provide consistency when analyzing a single company across time, or analyzing multiple companies across industries or national borders.

The default scenario that is produced by the HOLT valuation model establishes a warranted price that represents the expected mean value for a security based upon various factors, including the use of third-party data and empirically derived fade algorithms that forecast a firm’s future cash return on capital and growth rates over an extended period of time. A default set of algorithms apply to all the securities. As the data are updated, the warranted price updates automatically. A company’s future achieved return on capital or growth rate may differ from the result generated from the default scenario that is produced by the HOLT valuation model. Additional information about the HOLT methodology is available upon request.

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GREATER CLARITY. CONFIDENT INVESTING.

HOLT

THIS REPORT IS MARKET COMMENTARY AND NOT A RESEARCH DOCUMENT

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