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Arca Continental (AC) MXN

Arca Continental is the second-largest Coca-Cola bottler in Latin America, serving Mexico, the US and South America.

At a glance: strengths & risks
✓Revenue growing (+90% y/y, Q2 2026)✓Profit growing (+60% y/y, Q2 2026)✓Low leverage (0.7x EBITDA)✗Margins compressing (21%→17%, Q2 2026)

Sector: Beverages

MX_AC

Price chart

195.87 MXNDay 0.52%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
195.87 MXN · 0.52%
Market cap
332.6 bn MXN

Growth

Δ revenue y/y
90.2%
Δ EBITDA y/y
53.1%

Multiples

P/E (LTM)
14.8x
3y avg: 16.6x
P/B (FY)
2.0x
P/E (ann.)
9.5x
EV/EBITDA (LTM)
6.5x
3y avg: 7.3x
EV/EBITDA (ann.)
4.5x

Cash return

Dividend yield
4.0%
FCF yield (LTM)
5.9%

Value creation

fundamental value/yr, % of market cap
Value created / year
+41.6%
↓ details

Liquidity

Daily turnover (listing)
299 mln MXN

Shares: yahoo_fundamentals_timeseries/AC.MX

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B MXN, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB MXNOperating profitB MXND&AB MXNEBITDAB MXNNet profitB MXNOperating CFB MXNCapex + M&AB MXNAssetsB MXNEquityB MXNROE (annualized)Net debtB MXNSource
2026-06-30Q2 2026 (3M)OK120.6
y/y 90.2%
17.5
y/y 63.6%
2.7
y/y 8.4%
20.2
y/y 53.1%
8.7
y/y 59.9%
9.0-2.9291.8
y/y 2.9%
129.9
y/y -18.4%
24.1%34.9Link
2026-03-31Q1 2026 (3M)OK57.1
y/y 0.2%
7.9
y/y -2.7%
2.6
y/y 5.6%
10.5
y/y -0.7%
3.8
y/y -8.5%
8.1-2.1302.1
y/y 0.3%
159.8
y/y -6.2%
9.4%31.1Report (PDF)
2025-12-31Q4 2025 (3M)OK66.9
y/y 3.0%
10.3
y/y -10.3%
2.7
y/y 3.3%
13.0
y/y -7.7%
4.7
y/y -11.5%
9.2-6.7294.5
y/y 0.6%
163.2
y/y -6.2%
12.1%33.8Link
2025-09-30Q3 2025 (3M)OK62.9
y/y 0.5%
10.3
y/y 0.4%
2.5
y/y 3.6%
12.8
y/y 1.0%
5.3
y/y 3.5%
11.8-3.6291.8
y/y 5.1%
161.4
y/y -0.1%
4.4%-32.3Report (PDF)
2025-06-30Q2 2025 (3M)OK63.4
y/y 8.0%
10.7
y/y 7.3%
2.5
y/y 13.7%
13.2
y/y 8.5%
5.5
y/y 1.2%
9.7-4.6283.6
y/y 9.7%
159.2
y/y 6.2%
13.3%21.9Link
2025-03-31Q1 2025 (3M)OK57.0
y/y 12.4%
8.1
y/y 7.6%
2.5
y/y 17.9%
10.6
y/y 9.9%
4.1
y/y 10.2%
7.0-3.5301.1
y/y 24.6%
170.4
y/y 28.5%
9.6%18.5Report (PDF)
2024-12-31Q4 2024 (3M)OK64.9
y/y —
11.4
y/y -66.9%
2.6
y/y -68.0%
14.1
y/y -67.1%
5.3
y/y -69.9%
8.7-5.7292.6
y/y 22.5%
173.9
y/y 64.8%
11.7%20.5Link
2024-09-30Q3 2024 (3M)OK62.6
y/y 10.0%
10.3
y/y 10.4%
2.4
y/y 13.2%
12.7
y/y 10.9%
5.1
y/y 13.1%
12.8-4.7277.5
y/y 11.9%
161.5
y/y 14.2%
4.4%21.0Link
2024-06-30Q2 2024 (3M)OK58.7
y/y -45.0%
10.0
y/y -39.8%
2.2
y/y -47.6%
12.2
y/y -41.4%
5.4
y/y -35.8%
10.9-3.3258.6
y/y 8.4%
149.9
y/y 11.4%
15.3%-24.6Link
2024-03-31Q1 2024 (3M)OK50.7
y/y 0.1%
7.5
y/y 2.0%
2.1
y/y -1.5%
9.6
y/y 1.2%
3.8
y/y 0.8%
6.0-2.5241.8
y/y -3.3%
132.6
y/y -3.4%
12.6%22.1Report (PDF)
2023-12-31FY 2023 (12M)OK—
y/y —
34.6
y/y —
8.2
y/y —
42.8
y/y —
17.5
y/y —
7.4-4.3238.9
y/y —
105.5
y/y —
14.2%23.6Link
2023-09-30Q3 2023 (3M)OK56.9
y/y —
9.3
y/y —
2.1
y/y —
11.4
y/y —
4.5
y/y —
8.6-4.1248.0
y/y —
141.5
y/y —
4.4%20.0Report (PDF)
2023-06-30Q2 2023 (3M)OK106.7
y/y —
16.5
y/y —
4.2
y/y —
20.8
y/y —
8.4
y/y —
8.8-1.1238.6
y/y —
134.5
y/y —
24.8%-23.1Report (PDF)
2023-03-31Q1 2023 (3M)OK50.7
y/y —
7.4
y/y —
2.1
y/y —
9.5
y/y —
3.7
y/y —
5.7-1.7250.0
y/y —
137.3
y/y —
—19.0Report (PDF)

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)17 933
Long-term debt (incl. LT leases)45 379
− Cash & equivalents28 456
Net debt34 856

Net debt / LTM EBITDA: 0.6x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

025 00050 00075 000100 000125 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%-50%0%50%100%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

02 0004 0006 0008 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-40 000-20 000020 00040 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2023–2025 operating cash flow came to 1.93x of reported net profit; after capex, 1.01x.
year202320242025
cash flow / profit1.75x1.96x1.93x
accruals, % of assets-5.5%-6.4%-6.2%
Last twelve months (to 2026-06-30): 1.69x of profit came back as operating cash flow.
net debt / EBITDA 0.7x · capex 1.7x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +41.7%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (20 216 − 13 201) × 2.80
19 618
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (332 625 + 34 856) ÷ 56 530
6.5x
3. Target multiple
(Current EV/EBITDA + 9) ÷ 2
= (6.5 + 9) ÷ 2
7.8x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -12 990 + 0 + 0 − 372
-13 362
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (19 618 × 7.8 + -13 362) ÷ 332 625
+41.7%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +6% vs +10% the year before — a -4.2 pp move. 3-year CAGR —.
revenue growth by year: 2024 +10% · 2025 +6%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-08-042.5 MXNEx-dividend: 2.5 MXN per sharePaidYahoo Finance (ex-div)
2026-04-074.28 MXNEx-dividend: 4.28 MXN per sharePaidYahoo Finance (ex-div)
2025-11-041 MXNEx-dividend: 1 MXN per sharePaidYahoo Finance (ex-div)
2025-06-063.5 MXNEx-dividend: 3.5 MXN per sharePaidYahoo Finance (ex-div)
2025-04-024.12 MXNEx-dividend: 4.12 MXN per sharePaidYahoo Finance (ex-div)
2024-08-282.5 MXNEx-dividend: 2.5 MXN per sharePaidYahoo Finance (ex-div)
2024-04-093.8 MXNEx-dividend: 3.8 MXN per sharePaidYahoo Finance (ex-div)
2023-11-172.22 MXNEx-dividend: 2.22 MXN per sharePaidYahoo Finance (ex-div)
2023-04-133.5 MXNEx-dividend: 3.5 MXN per sharePaidYahoo Finance (ex-div)
2022-11-253 MXNEx-dividend: 3 MXN per sharePaidYahoo Finance (ex-div)
2022-04-133.18 MXNEx-dividend: 3.18 MXN per sharePaidYahoo Finance (ex-div)
2021-12-131.1 MXNEx-dividend: 1.1 MXN per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.arcacontal.com/en/investors/financial-reports

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Arca Continental (AC) — from primary filings.

Frequently asked questions

What is Arca Continental (AC)'s P/E ratio?
Arca Continental (AC) trades at a P/E of 14.8x (price to trailing 12-month earnings).
What is Arca Continental (AC)'s EV/EBITDA?
Arca Continental (AC) trades at 6.5x EV/EBITDA.
What is Arca Continental (AC)'s P/B ratio?
Arca Continental (AC) trades at a P/B of 2.0x.
What is Arca Continental (AC)'s dividend yield?
Arca Continental (AC)'s trailing 12-month dividend yield is 4.0%.
What is Arca Continental (AC)'s return on equity (ROE)?
Arca Continental (AC)'s ROE is 24.1%.
What is Arca Continental (AC)'s market capitalization?
Arca Continental (AC)'s market cap is 332.6 bn MXN.

See also: Mexican Stocks (2026): Quality Value and the Nearshoring Trade · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map