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Coca-Cola Europacific Partners
(NASDAQ:CCEP)
Select Model
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Rating:69Neutral
Price Target:
$101.00
▲(2.23% Upside)
Action:Downgraded
Date:02/18/26
Score reflects solid financial performance and a supportive earnings outlook (reaffirmed mid-term targets, continued strong cash generation and capital returns). Offsetting factors are stretched technical conditions (overbought signals) and a relatively high valuation for the growth profile, with leverage and regional volume softness as key risks to monitor.
Positive Factors
Consistent Free Cash Flow & Capital Returns
Sustained free cash flow generation funds capex, dividends and recurring buybacks without relying on new equity, supporting long-term shareholder returns and operational investment. This cash conversion underpins resiliency during cyclical pressure and enables deleveraging plans.
Negative Factors
Elevated Leverage
Meaningful debt funding constrains financial flexibility and increases sensitivity to interest-rate moves. With leverage above equity and net debt/EBITDA targeted near 2.5x–3x, sustained weaker earnings or higher rates would reduce capacity for growth investment or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Free Cash Flow & Capital Returns
Sustained free cash flow generation funds capex, dividends and recurring buybacks without relying on new equity, supporting long-term shareholder returns and operational investment. This cash conversion underpins resiliency during cyclical pressure and enables deleveraging plans.
Read all positive factors
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 (CCEP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$42.96B
Dividend Yield2.52%
Average Volume (3M)1.99M
Price to Earnings (P/E)19.6
Beta (1Y)0.37
Revenue Growth6.82%
EPS Growth44.68%
CountryUS
Employees41,000
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)4.26
Shares Outstanding443,217,650
10 Day Avg. Volume2,082,959
30 Day Avg. Volume1,985,291
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)4.49
Price to Sales (P/S)1.68
P/FCF Ratio15.98
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue2.26
Enterprise Value/Gross Profit6.34
Enterprise Value/Ebitda13.77
Forecast
1Y Price Target
$107.55Price Target Upside8.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)4.45
Revenue Forecast (FY)$21.47B
Coca-Cola Europacific Partners Business Overview & Revenue Model
Company Description
Coca-Cola Europacific Partners PLC (CCEP), along with its affiliated entities, focuses on the creation, distribution, and sale of a wide array of non-alcoholic, ready-to-consume beverages. Their diverse product portfolio includes sparkling drinks,...
How the Company Makes Money
CCEP makes money by manufacturing and distributing beverages and earning revenue from selling finished beverage products to customers across retail and on-premise channels. Its core revenue stream is the wholesale sale of packaged drinks (for exam...
Coca-Cola Europacific Partners Earnings Call Summary
Earnings Call Date:Feb 17, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive picture: the company delivered a record year on revenue, profit, free cash flow and returns, showed strong brand and category momentum (notably in Energy, Zeros, GB and APS), expanded margins and reaffirmed midterm targets while continuing significant investment in capex, digital and sustainability. Material challenges remain—most notably double‑digit volume declines in Indonesia, softness in Germany and France (including French sugar tax impact), some promotional execution issues in Germany, and rising cost/tax/interest pressures—which management is addressing. Taken together, the highlights (strong growth, cash generation, mix recovery, ROIC improvement, and shareholder returns) materially outweigh the notable but manageable lowlights.Positive Updates
Record Financial Year Across Key Metrics
Full-year 2025 revenue of EUR 20.9 billion (+2.8% comparable), operating profit of EUR 2.8 billion (+7.1%), operating margin 13.4% (expansion ~50 bps), and adjusted EPS EUR 4.11 (+6.2%).
Negative Updates
Indonesia Volume Decline
Indonesia NARTD volumes excluding water were down double digits in 2025; management cites macro slowdown, pressure on tea category, and a near-term recovery expected but only single-digit turnaround baked into plans.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Financial Year Across Key Metrics
Full-year 2025 revenue of EUR 20.9 billion (+2.8% comparable), operating profit of EUR 2.8 billion (+7.1%), operating margin 13.4% (expansion ~50 bps), and adjusted EPS EUR 4.11 (+6.2%).
Read all positive updates
Company Guidance
CCEP guided FY‑26 revenue growth of 3–4% and operating profit growth of ~7% (consistent with its mid‑term 4% revenue / 7% profit ambition), expecting cost of sales to rise about 1.5% per case and with ~80% of commodities hedged for the year; management expects free cash flow of at least EUR 1.7bn (with CapEx guidance unchanged and >EUR 1bn of investment planned), will commence a further EUR 1bn share buyback this year while maintaining an annual dividend payout ratio of ~50% that grows with earnings, aims to operate toward the bottom of its 2.5x–3x net debt/EBITDA range (net debt/EBITDA was just below 2.7x), and flagged a modest rise in interest expense despite a low weighted average cost of debt (~2.5%) and a ~5‑year debt maturity.Coca-Cola Europacific Partners Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.90B | 20.44B | 18.30B | 17.32B | 13.76B |
| Gross Profit | 7.44B | 7.28B | 6.73B | 6.24B | 5.10B |
| EBITDA | 3.42B | 3.24B | 3.23B | 2.93B | 2.44B |
| Net Income | 1.94B | 1.42B | 1.67B | 1.51B | 982.00M |
Balance Sheet | |||||
| Total Assets | 29.87B | 31.10B | 29.25B | 29.31B | 29.09B |
| Cash, Cash Equivalents and Short-Term Investments | 972.00M | 1.71B | 1.99B | 1.64B | 1.47B |
| Total Debt | 10.69B | 11.33B | 11.40B | 11.91B | 13.14B |
| Total Liabilities | 21.57B | 22.11B | 21.28B | 21.87B | 21.88B |
| Stockholders Equity | 7.83B | 8.49B | 7.98B | 7.45B | 7.03B |
Cash Flow | |||||
| Free Cash Flow | 2.20B | 2.27B | 2.13B | 2.33B | 1.77B |
| Operating Cash Flow | 2.95B | 3.06B | 2.81B | 2.93B | 2.12B |
| Investing Cash Flow | -632.00M | -1.96B | -937.00M | -645.00M | -5.61B |
| Financing Cash Flow | -2.89B | -973.00M | -1.82B | -2.28B | 3.29B |
Coca-Cola Europacific Partners Technical Analysis
Positive
98.80
Price Trends
95.25
Positive
96.58
Positive
92.62
Positive
Market Momentum
2.58
Negative
74.75
Negative
81.66
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCEP, the sentiment is Positive. The current price of 98.8 is above the 20-day moving average (MA) of 98.75, above the 50-day MA of 95.25, and above the 200-day MA of 92.62, indicating a bullish trend. The MACD of 2.58 indicates Negative momentum. The RSI at 74.75 is Negative, neither overbought nor oversold. The STOCH value of 81.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | $95.45B | 46.92 | 25.46% | ― | 18.06% | 36.22% | |
78 Outperform | $362.01B | 26.38 | 43.62% | 2.92% | 6.74% | 27.16% | |
69 Neutral | $42.96B | 19.55 | 24.48% | 2.52% | 6.82% | 44.68% | |
69 Neutral | $197.12B | 22.61 | 43.94% | 3.91% | 4.29% | -6.45% | |
68 Neutral | $45.31B | 24.67 | 7.25% | 3.12% | 9.19% | 21.61% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | $13.02B | 25.02 | 122.90% | 0.61% | 8.81% | 14.00% |
* Consumer Defensive Sector Average
CCEP
Coca-Cola Europacific Partners
106.61
12.60
13.40%
COKE
Coca-Cola Bottling Co Consolidated
195.63
78.76
67.39%
KO
Coca-Cola
84.14
14.76
21.27%
KDP
Keurig Dr Pepper
33.30
0.61
1.87%
MNST
Monster Beverage
97.60
34.52
54.72%
PEP
PepsiCo
144.22
14.00
10.75%
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.