Coca Cola HBC (CCH) AI Stock Analysis

• Market Cap: £13.40B
• Dividend Yield: 2.07%
• Average Volume (3M): 588.27K
• Price to Earnings (P/E): 17.5
• Beta (1Y): 0.41
• Revenue Growth: 6.00%
• EPS Growth: 42.42%
• Country: UK
• Employees: 33,000
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 0.57
• Shares Outstanding: 363,507,900
• 10 Day Avg. Volume: 658,667
• 30 Day Avg. Volume: 588,271
• PEG Ratio: 0.49
• Price to Book (P/B): 3.75
• Price to Sales (P/S): 1.12
• P/FCF Ratio: 15.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £4,300.00
• Price Target Upside: 17.81% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: 4,343.00p ▲(18.99% Upside)

Coca Cola HBC's strong financial performance, positive technical indicators, and strategic corporate actions contribute to a solid stock score. The company's growth initiatives and market positioning in the non-alcoholic beverage industry are key strengths, while valuation metrics suggest fair pricing. Earnings call insights and corporate events further bolster confidence in its future prospects.

Positive Factors

Revenue Growth

Strong organic revenue growth indicates effective market strategies and product demand, supporting long-term financial stability and expansion.

Market Share Gains

Market share gains in the FMCG sector enhance competitive positioning, ensuring sustained revenue streams and customer loyalty.

Cash Flow Management

Improved cash flow management enhances financial flexibility, enabling strategic investments and resilience against economic fluctuations.

Negative Factors

Challenges in Established Markets

Volume declines in key markets could impact revenue growth and require strategic adjustments to address consumer price sensitivity.

Operational and Marketing Expenses

Increased expenses may pressure profit margins, necessitating efficiency improvements to sustain profitability and competitive edge.

Russian Cash Constraints

Cash constraints in Russia limit financial flexibility, potentially affecting investment capacity and strategic initiatives in the region.

Coca Cola HBC Business Overview & Revenue Model

Company Description

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks. It markets and sells its products under several brands, including Coca-Cola, Fanta, Sprite, Adez, Aquarius, Averna, Amita, Avra, Deep RiverRock, Fruice, Kinley, Schweppes, and various other brands; and distributes third-party products, such as Monster energy drinks, and beer. The company serves retail outlets, including supermarkets, hypermarkets, discounters, convenience stores, wholesalers, hotels, restaurants, cafés, and e-commerce retailers. Coca-Cola HBC AG was founded in 1969 and is headquartered in Steinhausen, Switzerland.

How the Company Makes Money

Coca-Cola HBC generates revenue primarily through the sale of beverages to retailers, food service outlets, and vending machine operators. The company operates under a revenue model that includes direct sales and distribution agreements, where it earns profits by selling its products at wholesale prices. Key revenue streams include the sale of Coca-Cola branded products, as well as its own proprietary brands, which contribute to its overall earnings. Additionally, CCH benefits from strong partnerships with The Coca-Cola Company, leveraging brand recognition and marketing support. The company's focus on expanding its product offerings, entering new markets, and optimizing its supply chain also plays a crucial role in its revenue generation.

Coca Cola HBC Financial Statement Overview

Summary

Coca Cola HBC demonstrates strong financial health with robust revenue growth, profitability, and cash flow generation. The company’s operational efficiency is reflected in improving margins and returns. However, the reliance on liabilities should be monitored.

Income Statement

Coca Cola HBC has demonstrated strong revenue growth, increasing from $6.13 billion in 2020 to $10.75 billion in 2024, with a notable revenue growth rate of 5.60% from 2023 to 2024. The gross profit margin is healthy at 36.06%, and the net profit margin improved to 7.63% in 2024 from 6.25% in 2023, reflecting efficient cost management. EBIT and EBITDA margins are also robust at 11.02% and 15.10%, respectively, indicating strong operational performance.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 1.24, which suggests balanced leverage. The return on equity (ROE) improved to 25.60%, indicating efficient use of equity capital to generate profits. However, the equity ratio stands at a moderate 30.09%, showing a reliance on liabilities for funding. While the balance sheet is stable, the relatively low equity ratio suggests potential risk in financial structure.

Cash Flow

Coca Cola HBC's free cash flow remained stable at $776 million in 2024. The operating cash flow to net income ratio is robust at 1.70, reflecting strong cash generation relative to net income. The free cash flow to net income ratio is impressive at 0.95, indicating effective capital expenditure management and strong conversion of net income to free cash flow. These metrics demonstrate solid cash flow management and sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.20B	10.75B	10.18B	9.20B	7.17B	6.13B
Gross Profit	4.07B	3.88B	3.56B	3.15B	2.60B	2.32B
EBITDA	1.59B	1.62B	1.38B	1.22B	1.13B	1.04B
Net Income	909.60M	820.60M	636.50M	415.40M	547.20M	414.90M
Balance Sheet
Total Assets	11.88B	10.65B	9.88B	9.86B	8.51B	7.57B
Cash, Cash Equivalents and Short-Term Investments	1.70B	2.45B	1.93B	1.75B	1.62B	1.31B
Total Debt	4.34B	3.98B	3.42B	3.42B	2.94B	2.93B
Total Liabilities	8.41B	7.35B	6.69B	6.47B	5.40B	4.94B
Stockholders Equity	3.37B	3.21B	3.09B	3.28B	3.11B	2.63B
Cash Flow
Free Cash Flow	802.10M	776.50M	776.00M	711.20M	635.70M	542.30M
Operating Cash Flow	1.49B	1.39B	1.39B	1.23B	1.14B	961.50M
Investing Cash Flow	-437.70M	-820.90M	-268.80M	-1.08B	-1.26B	239.10M
Financing Cash Flow	-445.90M	-205.50M	-412.40M	-198.70M	-322.40M	-786.80M

Coca Cola HBC Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3650.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CCH, the sentiment is Neutral. The current price of 3650 is below the 20-day moving average (MA) of 3686.00, above the 50-day MA of 3553.08, and below the 200-day MA of 3678.24, indicating a neutral trend. The MACD of 28.01 indicates Positive momentum. The RSI at 49.33 is Neutral, neither overbought nor oversold. The STOCH value of 13.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:CCH.

Coca Cola HBC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CCH	78 Outperform	£13.40B	17.49	28.56%	2.07%	6.00%	42.42%
FEVR	74 Outperform	£924.70M	37.54	9.97%	2.14%	-6.03%	13.11%
BAG	70 Outperform	£746.47M	15.33	15.73%	2.76%	3.97%	34.09%
NICL	67 Neutral	£367.45M	20.99	18.67%	3.32%	3.04%	-6.67%
CCR	65 Neutral	£509.77M	29.20	3.72%	4.33%	-2.22%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
PZC	54 Neutral	£286.09M	-49.42	-2.51%	4.71%	-2.67%	89.86%

Coca Cola HBC Corporate Events

Coca-Cola HBC CEO Sells Company Shares

Coca-Cola HBC AG announced that its CEO, Zoran Bogdanovic, sold 15,000 ordinary shares of the company at a price of GBP 36.16 per share, amounting to approximately GBP 540,637. This transaction was conducted under the Employee Stock Purchase Plan and is in compliance with the UK and EU Market Abuse Regulations. The sale of shares by a high-ranking executive could be interpreted as a signal to stakeholders about the executive’s perspective on the company’s current valuation or future prospects.

Coca-Cola HBC Enhances Employee Investment with Share Purchase Plan

Coca-Cola HBC AG announced that several persons discharging managerial responsibilities (PDMRs) have acquired ordinary shares through the company’s Employee Share Purchase Plan (ESPP). The company also made matching contributions to these acquisitions, reflecting its commitment to employee investment in the company. This move is likely to strengthen employee engagement and align managerial interests with shareholder value, potentially enhancing the company’s operational performance and market positioning.

Coca-Cola HBC AG Regional Director Sells Shares

Coca-Cola HBC AG announced that Vladimir Kosijer, a Regional Director and person discharging managerial responsibilities, sold 24,000 ordinary shares of the company. The transaction, conducted on 30 October 2025, was part of a prior vested performance share award plan, resulting in a net amount of approximately GBP 824,206. This notification complies with the UK and EU Market Abuse Regulations.

Coca-Cola HBC Director Acquires Shares, Signaling Confidence

Coca-Cola HBC AG announced that Stavros Pantzaris, a director of the company, purchased 3,000 ordinary shares at a price of 39.96 EUR each, totaling 119,880 EUR. This transaction was conducted on October 22, 2025, and is reported in compliance with the UK and EU Market Abuse Regulations, reflecting transparency in managerial dealings and potentially indicating confidence in the company’s future prospects.

Coca-Cola HBC Director Acquires Significant Shareholding

Coca-Cola HBC AG announced a transaction involving a director, Pantelis (Linos) Doros Lekkas, who purchased 10,000 ordinary shares at a price of 34.50 GBP each, totaling 345,000 GBP. This transaction, conducted on the London Stock Exchange, reflects managerial confidence in the company’s prospects and is reported in compliance with UK and EU Market Abuse Regulations.

Coca-Cola HBC Reports Strong Q3 2025 Performance and Strategic Expansion

Coca-Cola HBC AG reported a solid third quarter in 2025, with an organic revenue growth of 5.0%, leading to a year-to-date growth of 8.1%. Despite mixed market conditions and less favorable weather, the company saw revenue growth across all segments, driven by strategic initiatives such as the ‘Share a Coke’ campaign and the launch of new products like Monster drinks and Bambi snacks in Nigeria. The company also announced the acquisition of a majority stake in Coca-Cola Beverages Africa, positioning itself for further growth and value creation in both European and African markets. The company remains confident in its financial outlook, supported by its resilient portfolio and strategic market actions.

Coca-Cola HBC Expands African Footprint with Major Acquisition

Coca-Cola HBC has announced its acquisition of a 75% stake in Coca-Cola Beverages Africa, significantly expanding its presence in Africa and creating the second-largest Coca-Cola bottling partner globally by volume. This strategic move is expected to enhance Coca-Cola HBC’s market position by leveraging growth opportunities in high-potential African markets, driving sustainable and profitable growth, and increasing shareholder value. The acquisition, valued at $2.6 billion, is set to be completed by the end of 2026, subject to approvals, and will be supported by a secondary listing on the Johannesburg Stock Exchange to reinforce its commitment to Africa.

Coca-Cola HBC AG Executives Acquire Shares Through ESPP

Coca-Cola HBC AG announced that several Persons Discharging Managerial Responsibilities (PDMRs) have acquired ordinary shares through the company’s Employee Share Purchase Plan (ESPP). The company also contributed to the ESPP, matching shares on behalf of the PDMRs. This initiative reflects the company’s commitment to aligning the interests of its management with those of its shareholders, potentially enhancing stakeholder confidence and reinforcing its market position.

Coca-Cola HBC to Release Q3 2025 Trading Update

Coca-Cola HBC AG announced it will release its 2025 third quarter trading update on October 30, 2025. A conference call for investors and analysts will follow the release, providing insights into the company’s performance. This update is crucial for stakeholders to assess the company’s market position and operational strategies.

Coca-Cola HBC Strengthens Employee Engagement with Share Purchase Plan

Coca-Cola HBC AG announced that several individuals holding managerial responsibilities have acquired ordinary shares in the company through its Employee Share Purchase Plan (ESPP). The company also contributed to the ESPP, reflecting its commitment to employee engagement and investment in its workforce. This move is likely to enhance employee motivation and align their interests with the company’s performance, potentially impacting the company’s operational efficiency and market position positively.