COCA-COLA EUROPACIFIC PARTNE (CCEP)
GB00BDCPN049 - Common Stock
Taking everything into account, CCEP scores 4 out of 10 in our fundamental rating. CCEP was compared to 31 industry peers in the Beverages industry. While CCEP is still in line with the averages on profitability rating, there are concerns on its financial health. CCEP is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
CCEP had positive earnings in the past year.
In the past year CCEP had a positive cash flow from operations.
In the past 5 years CCEP has always been profitable.
In the past 5 years CCEP always reported a positive cash flow from operatings.
1.2 Ratios
CCEP has a Return On Assets (5.02%) which is comparable to the rest of the industry.
CCEP has a Return On Equity of 18.91%. This is in the better half of the industry: CCEP outperforms 67.74% of its industry peers.
The Return On Invested Capital of CCEP (7.11%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for CCEP is significantly below the industry average of 13.31%.
The 3 year average ROIC (6.98%) for CCEP is below the current ROIC(7.11%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.02% | ||
| ROE | 18.91% | ||
| ROIC | 7.11% |
ROA(3y)4.74%
ROA(5y)4.53%
ROE(3y)18.38%
ROE(5y)16.22%
ROIC(3y)6.98%
ROIC(5y)6.72%
1.3 Margins
CCEP has a Profit Margin of 8.42%. This is comparable to the rest of the industry: CCEP outperforms 54.84% of its industry peers.
In the last couple of years the Profit Margin of CCEP has grown nicely.
With a Operating Margin value of 11.78%, CCEP is not doing good in the industry: 64.52% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of CCEP has grown nicely.
CCEP has a Gross Margin of 36.27%. This is amonst the worse of the industry: CCEP underperforms 90.32% of its industry peers.
In the last couple of years the Gross Margin of CCEP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.78% | ||
| PM (TTM) | 8.42% | ||
| GM | 36.27% |
OM growth 3Y15.03%
OM growth 5Y1.76%
PM growth 3Y24.77%
PM growth 5Y2.93%
GM growth 3Y1.02%
GM growth 5Y-1%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CCEP is creating some value.
The number of shares outstanding for CCEP has been increased compared to 1 year ago.
Compared to 5 years ago, CCEP has less shares outstanding
The debt/assets ratio for CCEP has been reduced compared to a year ago.
2.2 Solvency
CCEP has an Altman-Z score of 2.02. This is not the best score and indicates that CCEP is in the grey zone with still only limited risk for bankruptcy at the moment.
CCEP has a Altman-Z score (2.02) which is comparable to the rest of the industry.
CCEP has a debt to FCF ratio of 7.23. This is a slightly negative value and a sign of low solvency as CCEP would need 7.23 years to pay back of all of its debts.
CCEP has a Debt to FCF ratio of 7.23. This is comparable to the rest of the industry: CCEP outperforms 58.06% of its industry peers.
A Debt/Equity ratio of 1.32 is on the high side and indicates that CCEP has dependencies on debt financing.
The Debt to Equity ratio of CCEP (1.32) is worse than 67.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | 7.23 | ||
| Altman-Z | 2.02 |
ROIC/WACC1.03
WACC6.92%
2.3 Liquidity
CCEP has a Current Ratio of 0.85. This is a bad value and indicates that CCEP is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.85, CCEP is doing worse than 77.42% of the companies in the same industry.
A Quick Ratio of 0.63 indicates that CCEP may have some problems paying its short term obligations.
CCEP has a worse Quick ratio (0.63) than 64.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.85 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
The earnings per share for CCEP have decreased by -5.41% in the last year.
CCEP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.35% yearly.
CCEP shows a small growth in Revenue. In the last year, the Revenue has grown by 6.31%.
The Revenue has been growing by 9.70% on average over the past years. This is quite good.
EPS 1Y (TTM)-5.41%
EPS 3Y49.42%
EPS 5Y14.35%
EPS Q2Q%-6.99%
Revenue 1Y (TTM)6.31%
Revenue growth 3Y19.95%
Revenue growth 5Y9.7%
Sales Q2Q%9.48%
3.2 Future
Based on estimates for the next years, CCEP will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.49% on average per year.
Based on estimates for the next years, CCEP will show a small growth in Revenue. The Revenue will grow by 5.99% on average per year.
EPS Next Y7.13%
EPS Next 2Y7.43%
EPS Next 3Y8.01%
EPS Next 5Y8.49%
Revenue Next Year12.22%
Revenue Next 2Y8.72%
Revenue Next 3Y7.08%
Revenue Next 5Y5.99%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 21.49, the valuation of CCEP can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of CCEP is on the same level as its industry peers.
CCEP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.29.
The Price/Forward Earnings ratio is 17.35, which indicates a rather expensive current valuation of CCEP.
Based on the Price/Forward Earnings ratio, CCEP is valued a bit cheaper than 67.74% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.01. CCEP is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.49 | ||
| Fwd PE | 17.35 |
4.2 Price Multiples
CCEP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CCEP is cheaper than 61.29% of the companies in the same industry.
CCEP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CCEP is cheaper than 87.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.6 | ||
| EV/EBITDA | 13.94 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.01
PEG (5Y)1.5
EPS Next 2Y7.43%
EPS Next 3Y8.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.73%, CCEP has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.01, CCEP pays a bit more dividend than its industry peers.
CCEP's Dividend Yield is a higher than the S&P500 average which is at 2.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
5.2 History
The dividend of CCEP is nicely growing with an annual growth rate of 11.43%!
CCEP has been paying a dividend for at least 10 years, so it has a reliable track record.
CCEP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)11.43%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
54.34% of the earnings are spent on dividend by CCEP. This is a bit on the high side, but may be sustainable.
CCEP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP54.34%
EPS Next 2Y7.43%
EPS Next 3Y8.01%
COCA-COLA EUROPACIFIC PARTNE
NASDAQ:CCEP (11/22/2024, 8:00:02 PM)
After market: 78.21 0 (0%)78.21
+0.1 (+0.13%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap36.05B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.49 | ||
| Fwd PE | 17.35 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.01
PEG (5Y)1.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.02% | ||
| ROE | 18.91% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 11.78% | ||
| PM (TTM) | 8.42% | ||
| GM | 36.27% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.85 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-5.41%
EPS 3Y49.42%
EPS 5Y
EPS Q2Q%
EPS Next Y7.13%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)6.31%
Revenue growth 3Y19.95%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y