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Coca-Cola Europacific Partners (CCEP)
NASDAQ:CCEP
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Coca-Cola Europacific Partners
(NASDAQ:CCEP)
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Rating:74Outperform
Price Target:
$99.00
▲(12.32% Upside)
Coca-Cola Europacific Partners' strong financial performance and positive earnings call sentiment are key strengths, supporting a solid stock score. Technical indicators and valuation suggest a stable outlook, though regional challenges and FX headwinds present risks.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.
Cash Flow Generation
Strong cash flow generation enhances financial flexibility, enabling investment in growth opportunities and debt reduction.
Operating Profit Growth
Sustained operating profit growth reflects efficient cost management and robust business operations, contributing to financial stability.
Negative Factors
Rising Tax Rate
A higher tax rate can reduce net income and impact profitability, potentially limiting reinvestment in business growth.
FX Headwinds
Foreign exchange headwinds can adversely affect revenue and profit margins, challenging financial performance in international markets.
Market Challenges in Indonesia
Challenges in key markets like Indonesia can hinder overall growth, affecting volume sales and market share in the region.
Coca-Cola Europacific Partners (CCEP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$38.38B
Dividend Yield2.52%
Average Volume (3M)1.16M
Price to Earnings (P/E)24.3
Beta (1Y)0.37
Revenue Growth9.65%
EPS Growth-4.26%
CountryUS
Employees41,000
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)2.35
Shares Outstanding449,198,200
10 Day Avg. Volume838,163
30 Day Avg. Volume1,163,353
Financial Highlights & Ratios
PEG Ratio-1.59
Price to Book (P/B)4.02
Price to Sales (P/S)1.67
P/FCF Ratio15.04
Enterprise Value/Market Cap1.21
Enterprise Value/Revenue2.22
Enterprise Value/Gross Profit6.27
Enterprise Value/Ebitda13.33
Forecast
1Y Price Target
$99.91Price Target Upside13.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Coca-Cola Europacific Partners Business Overview & Revenue Model
Company DescriptionCoca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks. It provides its products under the Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Fanta, Sprite, Monster Energy, Coca-Cola Energy, Relentless, nalu, URGE, BURN, Kuli, REIGN, POWERADE, Appletiser, Schweppes, FINLEY, mezzo mix, Royal Bliss, Lift, Vio SCHORLE, Coca-Cola Signature Mixers, NORDIC MIST, smartwater, Chaudfontaine, AQUARIUS, VILAS del Turbon, BONAQUA, Apollinaris, Krystal, Honest, Costa Coffee, Fuzetea, CHAQWA, NESTEA, Capri-Sun, Oasis, Minute Maid, MER, and Tropico brands. In addition, the company engages in the bottling and other operations. As of March 15, 2022, it served approximately 600 million consumers. The company was formerly known as Coca-Cola European Partners plc and changed its name to Coca-Cola Europacific Partners PLC in May 2021. Coca-Cola Europacific Partners PLC was founded in 1986 and is based in Uxbridge, the United Kingdom.
How the Company Makes MoneyCoca-Cola Europacific Partners generates revenue primarily through the sale of beverages, operating as a bottler for The Coca-Cola Company. The company earns money by producing, packaging, and distributing Coca-Cola products, which includes a range of soft drinks, juices, and energy drinks. CCEP's revenue model is based on selling these products to retailers, foodservice outlets, and vending machine operators. Key revenue streams include direct sales to supermarkets and convenience stores, as well as distribution agreements with various partners. Additionally, CCEP benefits from strong brand recognition and marketing support from The Coca-Cola Company, as well as strategic partnerships that enhance its market reach and operational efficiency.
Coca-Cola Europacific Partners Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where Coca-Cola Europacific Partners is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where Coca-Cola Europacific Partners is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyCoca-Cola Europacific Partners Earnings Call Summary
Earnings Call Date:Jun 27, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Feb 17, 2026
Earnings Call Sentiment Neutral
The earnings call reflected positive achievements in shareholder returns, operating profit growth, and successful marketing campaigns. However, challenges in the Indonesian market, adverse weather impacts in the Philippines, and financial pressures from a higher tax rate and FX headwinds balanced the sentiment.Q2-2025 Updates
Positive Updates
Strong Total Shareholder Return
Coca-Cola Europacific Partners achieved an impressive Total Shareholder Return (TSR) of around 235% since 2016.
Solid Operating Profit Growth
Operating profit grew by 7.2%, with expansion in both Europe and APS regions.
Successful Share Buybacks and Dividend
Completed EUR 460 million of share buybacks and paid a dividend in line with a 50% annualized payout policy.
Monster Energy Segment Performance
Monster volumes up nearly 15%, with Ultra and Zero variants up over 20%.
Innovation and Brand Campaigns
Successful execution of the Share a Coke campaign and the launch of the This Is My Taste campaign for Diet Coke.
Negative Updates
Impact of Indonesia Market
Slower-than-expected trajectory in Indonesia, impacting group volumes by about 1% in Q2.
Challenges in the Philippines
Recent flooding in the Philippines poses a potential impact on the business in the second half.
Higher Effective Tax Rate
The effective tax rate increased to 26%, compared to 25% last year, impacting EPS growth.
FX Headwind
Anticipated full-year FX headwind of around 150 basis points to revenue and almost 200 basis points to operating profit.
Company Guidance
During the Coca-Cola Europacific Partners Half Year 2025 Results Conference Call, CEO Damian Gammell provided guidance indicating a reaffirmation of their full-year profit and cash flow expectations despite some revenue adjustments. The company anticipates a full-year revenue growth of 3% to 4%, slightly reduced from approximately 4%, largely due to slower-than-expected performance in Indonesia, which impacted group volumes by around 1% in Q2. Gammell highlighted strong top and bottom-line growth, with operating profit increasing by 7.2% and operating margin expansion in Europe and APS. The company completed around EUR 460 million in share buybacks, contributing to their disciplined capital allocation framework. Coca-Cola Europacific Partners continues to focus on resilient categories and innovation, with notable performance in the ARTD and NARTD categories, and strong results in markets such as the Philippines. Despite challenges in Indonesia, the business remains optimistic about long-term opportunities and continues to invest in future growth supported by technology and digital advancements.Coca-Cola Europacific Partners Financial Statement Overview
Summary
Coca-Cola Europacific Partners shows strong financial health with consistent revenue growth, efficient operational management, and solid cash flow generation. The balance sheet is stable, though there is room to reduce leverage.Income Statement
Coca-Cola Europacific Partners has demonstrated a consistent increase in revenue over the years, with a notable revenue growth rate of 11.66% from 2023 to 2024. Gross profit margin remains strong at 35.64% in 2024, although net profit margin declined slightly to 6.94% due to reduced net income. The EBIT and EBITDA margins are solid, reflecting efficient operational management.Balance Sheet
The balance sheet reflects a stable financial position with a debt-to-equity ratio of 1.35, indicating moderate leverage. Return on equity is robust at 16.70%, showcasing effective use of equity. The equity ratio of 27.29% suggests a reliable level of financial stability, though there is room for improvement in reducing debt levels.Cash Flow
Cash flow statements show a strong free cash flow growth rate of 6.36% from 2023 to 2024. The operating cash flow to net income ratio of 2.16 signifies good cash conversion, while the free cash flow to net income ratio of 1.60 indicates solid cash generation capabilities relative to profit, supporting continued investment and debt repayment.| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.88B | 20.44B | 18.30B | 17.32B | 13.76B | 10.61B |
| Gross Profit | 7.41B | 7.28B | 6.73B | 6.22B | 5.09B | 3.73B |
| EBITDA | 3.49B | 3.27B | 2.88B | 2.97B | 2.44B | 1.80B |
| Net Income | 1.53B | 1.42B | 1.67B | 1.51B | 982.00M | 498.00M |
Balance Sheet | ||||||
| Total Assets | 31.79B | 31.10B | 29.25B | 29.31B | 29.09B | 19.24B |
| Cash, Cash Equivalents and Short-Term Investments | 2.06B | 1.71B | 2.03B | 1.64B | 1.47B | 1.52B |
| Total Debt | 12.01B | 11.33B | 11.40B | 11.91B | 13.14B | 7.19B |
| Total Liabilities | 23.28B | 22.11B | 21.28B | 21.87B | 21.88B | 13.21B |
| Stockholders Equity | 8.03B | 8.49B | 7.98B | 7.45B | 7.03B | 6.03B |
Cash Flow | ||||||
| Free Cash Flow | 2.18B | 2.27B | 2.13B | 2.33B | 1.77B | 1.08B |
| Operating Cash Flow | 2.92B | 3.06B | 2.81B | 2.93B | 2.12B | 1.49B |
| Investing Cash Flow | -968.00M | -1.96B | -937.00M | -645.00M | -5.61B | -370.00M |
| Financing Cash Flow | -1.51B | -973.00M | -1.82B | -2.28B | 3.29B | 100.00M |
Coca-Cola Europacific Partners Technical Analysis
Negative
88.14
Price Trends
89.96
Negative
89.02
Negative
89.36
Negative
Market Momentum
-0.87
Positive
42.65
Neutral
20.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCEP, the sentiment is Negative. The current price of 88.14 is below the 20-day moving average (MA) of 90.26, below the 50-day MA of 89.96, and below the 200-day MA of 89.36, indicating a bearish trend. The MACD of -0.87 indicates Positive momentum. The RSI at 42.65 is Neutral, neither overbought nor oversold. The STOCH value of 20.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CCEP.
Coca-Cola Europacific Partners Risk Analysis
Coca-Cola Europacific Partners disclosed 36 risk factors in its most recent earnings report. Coca-Cola Europacific Partners reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Coca-Cola Europacific Partners Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $74.40B | 43.61 | 25.54% | ― | 7.62% | 12.77% | |
78 Outperform | $187.34B | 26.52 | 37.19% | 3.91% | 0.48% | -22.61% | |
75 Outperform | $290.53B | 22.97 | 45.12% | 2.92% | 2.93% | 25.42% | |
74 Outperform | $38.38B | 24.27 | 17.99% | 2.52% | 9.65% | -4.26% | |
72 Outperform | $12.56B | 23.19 | 41.92% | 0.61% | 4.22% | 22.24% | |
71 Outperform | $37.02B | 23.79 | 6.29% | 3.12% | 6.77% | -29.84% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
CCEP
Coca-Cola Europacific Partners
88.14
16.32
22.73%
COKE
Coca-Cola Bottling Co Consolidated
149.88
25.45
20.45%
KO
Coca-Cola
69.37
10.05
16.94%
KDP
Keurig Dr Pepper
27.61
-1.84
-6.25%
MNST
Monster Beverage
76.60
26.86
54.00%
PEP
PepsiCo
139.37
2.21
1.61%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.