You are given the following information about PepsiCo (PEP) and The Coca-Cola Company (KO):

(as of 12-31-2020)

PEP DATA

KO DATA

Stock price

$148.30

Number of shares outstanding

1.39

B

4.32

B

Debt

$34.60

B

$ 31.90

B

Net income

$7.12

B

$ 7.77

B

EBITDA

$12.63

B

a) Estimate the value of a share of Coca-Cola stock using only this data

b) In addition to the above information you are also given the Coca-Cola Company (KO) EBITDA . Provide another estimate of a share of Coca-Cola stock.

KO EBITDA

10.53

B