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Coca-Cola Europacific Partners (CCEP)
NASDAQ:CCEP
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Coca-Cola Europacific Partners
(NASDAQ:CCEP)
Rating:72Outperform
Price Target:
$101.00
▲(11.42% Upside)
Positive Factors
Earnings
Management highlighted stronger volume trends and reaffirmed its guidance for the year, which was well-received by investors.
Shareholder Returns
A newly announced €1Bn share repurchase program provides an additional buffer for the company.
Strategic Expansion
The strategic acquisition in the Philippines is expected to drive faster top- and bottom-line growth for CCEP.
Negative Factors
Market Valuation
CCEP is already trading above historical average, slightly higher than the believed deserved value.
Operational Challenges
Performance in Indonesia has so far been below expectations due to external headwinds and some international issues.
Sales Guidance
Management slightly revised down full-year sales guidance, now expecting +3-4% FX-Neutral.
Coca-Cola Europacific Partners (CCEP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$41.77B
Dividend Yield2.45%
Average Volume (3M)1.76M
Price to Earnings (P/E)25.0
Beta (1Y)0.40
Revenue Growth9.65%
EPS Growth-4.26%
CountryUS
Employees41,000
SectorConsumer Defensive
Sector Strength64
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)2.35
Shares Outstanding460,780,980
10 Day Avg. Volume2,198,800
30 Day Avg. Volume1,763,902
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 Cap1.29
Enterprise Value/Revenue2.64
Enterprise Value/Gross Profit7.42
Enterprise Value/Ebitda16.51
Forecast
1Y Price Target
$96.78Price Target Upside6.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Coca-Cola Europacific Partners Business Overview & Revenue Model
Company DescriptionCoca-Cola Europacific Partners (CCEP) is one of the largest independent Coca-Cola bottlers in the world, operating in multiple markets across Europe and the Asia-Pacific region. The company is responsible for the production, distribution, and marketing of Coca-Cola products, including soft drinks, juices, and water, as well as other non-alcoholic beverages. CCEP's core activities include managing a diverse portfolio of brands and ensuring their availability across various retail and food service channels.
How the Company Makes MoneyCCEP generates revenue primarily through the sale of beverages to retailers and food service customers. Its revenue model is based on the wholesale distribution of products, where it purchases concentrates and syrups from The Coca-Cola Company and then produces and sells finished goods. Key revenue streams include sales from carbonated soft drinks, non-carbonated beverages, and energy drinks. Additionally, CCEP benefits from partnerships with major retailers, which help enhance product visibility and accessibility. Marketing initiatives and promotions also play a significant role in driving sales, while operational efficiencies and cost management contribute to profitability.
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:
Main Street Data
Main Street DataCoca-Cola Europacific Partners Earnings Call Summary
Earnings Call Date:Jun 27, 2025
(Q2-2025)
| % Change Since: -0.68%|
Next Earnings Date:Feb 12, 2026
Earnings Call Sentiment Positive
CCEP delivered strong financial results with robust growth in several key areas, particularly in Europe and within the Monster brand. However, challenges in Indonesia and some adverse weather conditions in the Philippines posed notable challenges. Despite these issues, the company's reaffirmed guidance and strategic initiatives suggest a strong outlook.Q2-2025 Updates
Positive Updates
Strong Revenue and Profit Growth
CCEP delivered revenue of EUR 10.3 billion, up 2.5%, and operating profit of EUR 1.4 billion, up 7.2% for H1 2025. Operating margin expanded by 60 basis points to 13.5%.
Monster Beverage Growth
Monster volumes increased by nearly 15%, fueled by strong innovation and distribution gains, with retail value share in energy growing by around 140 basis points.
Successful Share a Coke Campaign
The return of the Share a Coke campaign was well received, driving significant consumer engagement and contributing to solid volume growth in Europe.
Continued Innovation and Brand Investment
CCEP launched new flavor variants and expanded ARTD (alcohol ready-to-drink) categories with total volumes up around 9%.
Sustainability Achievements
CCEP retained its inclusion on CDP's A-List for Climate for the 9th year, showing ongoing progress in packaging collection and sustainability-focused technology investments.
Negative Updates
Challenges in Indonesia
A weaker consumer backdrop in Indonesia impacted group volumes by around 1% in Q2, driving a slower-than-expected revenue growth trajectory.
Impact of Flooding in the Philippines
Flooding in the Philippines affected performance, impacting the APS region's growth in Q3 2025.
Exit from Beam Suntory Relationship
The exit from the Beam Suntory relationship in Australia created a near-term headwind due to its higher revenue per unit case.
Company Guidance
During the Coca-Cola Europacific Partners Half Year 2025 Results Conference Call, the company reaffirmed its full-year profit and cash flow guidance, despite updating its full-year revenue growth guidance to a range of 3% to 4% from approximately 4%. This adjustment was primarily due to a slower-than-expected trajectory in Indonesia, impacting group volumes by about 1% in Q2. The company reported a 2.5% increase in H1 revenue to EUR 10.3 billion, with strong revenue per unit case growth of 3.8%. Operating profit grew by 7.2%, and the operating margin expanded by around 60 basis points. The company generated EUR 425 million in comparable free cash flow in H1, and it remains on track to deliver at least EUR 1.7 billion for the year. The call highlighted the company's ongoing share buybacks, totaling around EUR 460 million this year, and its commitment to paying a dividend in line with its annualized payout policy of around 50%. The company also emphasized its focus on productivity and investment in technology and digital capabilities to support future growth.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 for improvement in reducing 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.85
Very Positive
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.78
Positive
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.80
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.44B | 18.30B | 17.32B | 13.76B | 10.61B |
| Gross Profit | 7.28B | 6.73B | 6.22B | 5.16B | 3.73B |
| EBITDA | 3.27B | 2.88B | 2.94B | 2.32B | 1.54B |
| Net Income | 1.42B | 1.67B | 1.51B | 982.00M | 498.00M |
Balance Sheet | |||||
| Total Assets | 31.10B | 29.25B | 29.31B | 29.09B | 19.24B |
| Cash, Cash Equivalents and Short-Term Investments | 1.71B | 1.99B | 1.64B | 1.47B | 1.52B |
| Total Debt | 11.33B | 11.40B | 11.91B | 13.14B | 7.19B |
| Total Liabilities | 22.11B | 21.28B | 21.87B | 21.88B | 13.21B |
| Stockholders Equity | 8.49B | 7.98B | 7.45B | 7.03B | 6.03B |
Cash Flow | |||||
| Free Cash Flow | 2.27B | 2.13B | 2.33B | 1.77B | 1.08B |
| Operating Cash Flow | 3.06B | 2.81B | 2.93B | 2.12B | 1.49B |
| Investing Cash Flow | -1.96B | -937.00M | -645.00M | -5.61B | -370.00M |
| Financing Cash Flow | -973.00M | -1.82B | -2.28B | 3.29B | 100.00M |
Coca-Cola Europacific Partners Technical Analysis
Negative
90.65
Price Trends
94.74
Negative
91.06
Negative
84.68
Positive
Market Momentum
-0.80
Positive
36.40
Neutral
31.19
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 90.65 is below the 20-day moving average (MA) of 96.52, below the 50-day MA of 94.74, and above the 200-day MA of 84.68, indicating a neutral trend. The MACD of -0.80 indicates Positive momentum. The RSI at 36.40 is Neutral, neither overbought nor oversold. The STOCH value of 31.19 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
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $62.69B | 40.09 | 24.10% | ― | 3.70% | -0.53% | |
79 Outperform | $9.98B | 19.13 | 41.45% | 5.17% | 3.22% | 23.88% | |
79 Outperform | $304.31B | 25.05 | 44.76% | 2.86% | 1.34% | 14.67% | |
76 Outperform | $203.47B | 27.10 | 39.88% | 3.69% | -0.34% | -20.51% | |
74 Outperform | $47.04B | 30.72 | 6.18% | 2.66% | 4.63% | -28.22% | |
72 Outperform | $41.77B | 24.97 | 17.99% | 2.45% | 9.65% | -4.26% | |
63 Neutral | $20.97B | 14.56 | -8.07% | 3.13% | 2.79% | -9.84% |
* Consumer Defensive Sector Average
Performance Comparison
CCEP
Coca-Cola Europacific Partners
90.65
16.30
21.92%
COKE
Coca-Cola Bottling Co Consolidated
114.72
-10.38
-8.30%
KO
Coca-Cola
69.55
2.34
3.48%
KDP
Keurig Dr Pepper
34.63
0.19
0.55%
MNST
Monster Beverage
64.20
17.46
37.36%
PEP
PepsiCo
148.62
-17.93
-10.77%
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.