COCA-COLA EUROPACIFIC PARTNE (CCEP) Stock Fundamental Analysis
USA - NASDAQ:CCEP - GB00BDCPN049 - Common Stock
90.25 USD
+0.25 (+0.28%)
90.17 USD
-0.08 (-0.09%)
Taking everything into account, CCEP scores 4 out of 10 in our fundamental rating. CCEP was compared to 33 industry peers in the Beverages industry. CCEP has a medium profitability rating, but doesn't score so well on its financial health evaluation. CCEP is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CCEP was profitable.
In the past year CCEP had a positive cash flow from operations.
In the past 5 years CCEP has always been profitable.
CCEP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.83%, CCEP is in line with its industry, outperforming 57.58% of the companies in the same industry.
The Return On Equity of CCEP (19.11%) is better than 66.67% of its industry peers.
CCEP has a Return On Invested Capital of 7.78%. This is comparable to the rest of the industry: CCEP outperforms 51.52% of its industry peers.
CCEP had an Average Return On Invested Capital over the past 3 years of 7.84%. This is below the industry average of 10.84%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 19.11% | ||
| ROIC | 7.78% |
ROA(3y)5.14%
ROA(5y)4.27%
ROE(3y)19.29%
ROE(5y)16.02%
ROIC(3y)7.84%
ROIC(5y)6.6%
1.3 Margins
CCEP has a Profit Margin (7.35%) which is in line with its industry peers.
CCEP's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 11.13%, CCEP is doing worse than 60.61% of the companies in the same industry.
CCEP's Operating Margin has declined in the last couple of years.
CCEP's Gross Margin of 35.20% is on the low side compared to the rest of the industry. CCEP is outperformed by 84.85% 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 | 11.13% | ||
| PM (TTM) | 7.35% | ||
| GM | 35.2% |
OM growth 3Y1.73%
OM growth 5Y-1.57%
PM growth 3Y-0.93%
PM growth 5Y-5.22%
GM growth 3Y-1.58%
GM growth 5Y-1.5%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CCEP is still creating some value.
The number of shares outstanding for CCEP has been increased compared to 1 year ago.
The number of shares outstanding for CCEP has been increased compared to 5 years ago.
The debt/assets ratio for CCEP has been reduced compared to a year ago.
2.2 Solvency
CCEP has an Altman-Z score of 2.07. 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's Altman-Z score of 2.07 is in line compared to the rest of the industry. CCEP outperforms 48.48% of its industry peers.
CCEP has a debt to FCF ratio of 6.04. This is a slightly negative value and a sign of low solvency as CCEP would need 6.04 years to pay back of all of its debts.
CCEP has a Debt to FCF ratio of 6.04. This is in the better half of the industry: CCEP outperforms 60.61% of its industry peers.
CCEP has a Debt/Equity ratio of 1.26. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of CCEP (1.26) is worse than 75.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | 6.04 | ||
| Altman-Z | 2.07 |
ROIC/WACC1.02
WACC7.66%
2.3 Liquidity
CCEP has a Current Ratio of 0.83. This is a bad value and indicates that CCEP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of CCEP (0.83) is worse than 75.76% of its industry peers.
CCEP has a Quick Ratio of 0.83. 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 Quick ratio, with a value of 0.65, CCEP is doing worse than 60.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
The earnings per share for CCEP have decreased by -4.76% in the last year.
The Earnings Per Share has been growing slightly by 5.80% on average over the past years.
The Revenue has grown by 9.04% in the past year. This is quite good.
CCEP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.21% yearly.
EPS 1Y (TTM)-4.76%
EPS 3Y12.68%
EPS 5Y5.8%
EPS Q2Q%14.98%
Revenue 1Y (TTM)9.04%
Revenue growth 3Y14.09%
Revenue growth 5Y11.21%
Sales Q2Q%4.54%
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 9.82% on average per year.
The Revenue is expected to grow by 3.75% on average over the next years.
EPS Next Y4.31%
EPS Next 2Y6.48%
EPS Next 3Y7.12%
EPS Next 5Y9.82%
Revenue Next Year2.1%
Revenue Next 2Y2.44%
Revenue Next 3Y2.93%
Revenue Next 5Y3.75%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 23.38 indicates a rather expensive valuation of CCEP.
CCEP's Price/Earnings is on the same level as the industry average.
CCEP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.51, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 17.14, which indicates a rather expensive current valuation of CCEP.
CCEP's Price/Forward Earnings is on the same level as the industry average.
CCEP is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.38 | ||
| Fwd PE | 17.14 |
4.2 Price Multiples
CCEP's Enterprise Value to EBITDA is on the same level as the industry average.
75.76% of the companies in the same industry are more expensive than CCEP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.78 | ||
| EV/EBITDA | 13.59 |
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)5.42
PEG (5Y)4.03
EPS Next 2Y6.48%
EPS Next 3Y7.12%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.54%, CCEP has a reasonable but not impressive dividend return.
CCEP's Dividend Yield is a higher than the industry average which is at 3.05.
Compared to an average S&P500 Dividend Yield of 2.44, CCEP has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.54% |
5.2 History
The dividend of CCEP is nicely growing with an annual growth rate of 9.91%!
CCEP has paid a dividend for at least 10 years, which is a reliable track record.
CCEP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.91%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
CCEP pays out 60.89% of its income as dividend. This is not a sustainable payout ratio.
The dividend of CCEP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP60.89%
EPS Next 2Y6.48%
EPS Next 3Y7.12%
90.25
+0.25 (+0.28%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners37.34%
Inst Owner Change5.28%
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap40.97B
Revenue(TTM)20.88B
Net Income(TTM)1.53B
Analysts77.27
Price Target102.1 (13.13%)
Short Float %3.03%
Short Ratio3.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.54% |
Yearly Dividend2.3
Dividend Growth(5Y)9.91%
DP60.89%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.1%
PT rev (3m)0.03%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.1%
EPS NY rev (3m)-1.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)-0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.38 | ||
| Fwd PE | 17.14 | ||
| P/S | 1.69 | ||
| P/FCF | 17.78 | ||
| P/OCF | 12.09 | ||
| P/B | 4.4 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.59 |
EPS(TTM)3.86
EY4.28%
EPS(NY)5.27
Fwd EY5.83%
FCF(TTM)5.08
FCFY5.62%
OCF(TTM)7.47
OCFY8.27%
SpS53.32
BVpS20.5
TBVpS-22.85
PEG (NY)5.42
PEG (5Y)4.03
Graham Number42.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 19.11% | ||
| ROCE | 10.52% | ||
| ROIC | 7.78% | ||
| ROICexc | 8.57% | ||
| ROICexgc | 51.16% | ||
| OM | 11.13% | ||
| PM (TTM) | 7.35% | ||
| GM | 35.2% | ||
| FCFM | 9.52% |
ROA(3y)5.14%
ROA(5y)4.27%
ROE(3y)19.29%
ROE(5y)16.02%
ROIC(3y)7.84%
ROIC(5y)6.6%
ROICexc(3y)8.71%
ROICexc(5y)7.37%
ROICexgc(3y)64.53%
ROICexgc(5y)51.3%
ROCE(3y)10.42%
ROCE(5y)8.8%
ROICexgc growth 3Y8.99%
ROICexgc growth 5Y7.35%
ROICexc growth 3Y14.53%
ROICexc growth 5Y1.38%
OM growth 3Y1.73%
OM growth 5Y-1.57%
PM growth 3Y-0.93%
PM growth 5Y-5.22%
GM growth 3Y-1.58%
GM growth 5Y-1.5%
F-Score6
Asset Turnover0.66
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | 6.04 | ||
| Debt/EBITDA | 3.08 | ||
| Cap/Depr | 98.22% | ||
| Cap/Sales | 4.49% | ||
| Interest Coverage | 9.37 | ||
| Cash Conversion | 89.23% | ||
| Profit Quality | 129.6% | ||
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z | 2.07 |
F-Score6
WACC7.66%
ROIC/WACC1.02
Cap/Depr(3y)92.36%
Cap/Depr(5y)78.04%
Cap/Sales(3y)4.17%
Cap/Sales(5y)3.92%
Profit Quality(3y)141.19%
Profit Quality(5y)162.2%
High Growth Momentum
Growth
EPS 1Y (TTM)-4.76%
EPS 3Y12.68%
EPS 5Y5.8%
EPS Q2Q%14.98%
EPS Next Y4.31%
EPS Next 2Y6.48%
EPS Next 3Y7.12%
EPS Next 5Y9.82%
Revenue 1Y (TTM)9.04%
Revenue growth 3Y14.09%
Revenue growth 5Y11.21%
Sales Q2Q%4.54%
Revenue Next Year2.1%
Revenue Next 2Y2.44%
Revenue Next 3Y2.93%
Revenue Next 5Y3.75%
EBIT growth 1Y2.97%
EBIT growth 3Y16.06%
EBIT growth 5Y9.46%
EBIT Next Year43.74%
EBIT Next 3Y17.22%
EBIT Next 5Y13.31%
FCF growth 1Y5.8%
FCF growth 3Y8.29%
FCF growth 5Y10.26%
OCF growth 1Y13.11%
OCF growth 3Y13.08%
OCF growth 5Y9.96%
COCA-COLA EUROPACIFIC PARTNE / CCEP FAQ
Can you provide the ChartMill fundamental rating for COCA-COLA EUROPACIFIC PARTNE?
ChartMill assigns a fundamental rating of 4 / 10 to CCEP.
Can you provide the valuation status for COCA-COLA EUROPACIFIC PARTNE?
ChartMill assigns a valuation rating of 3 / 10 to COCA-COLA EUROPACIFIC PARTNE (CCEP). This can be considered as Overvalued.
How profitable is COCA-COLA EUROPACIFIC PARTNE (CCEP) stock?
COCA-COLA EUROPACIFIC PARTNE (CCEP) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for CCEP stock?
The Price/Earnings (PE) ratio for COCA-COLA EUROPACIFIC PARTNE (CCEP) is 23.38 and the Price/Book (PB) ratio is 4.4.
What is the earnings growth outlook for COCA-COLA EUROPACIFIC PARTNE?
The Earnings per Share (EPS) of COCA-COLA EUROPACIFIC PARTNE (CCEP) is expected to grow by 4.31% in the next year.