C&C Group Plc (GB:CCR)
LSE:CCR
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C&C Group Plc
(LSE:CCR)
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Rating:54Neutral
Price Target:
110.00 p
▼(-12.84% Downside)
Action:Reiterated
Date:05/26/26
The score reflects moderate financial quality with improving but still uneven profitability and pressured cash generation, alongside a clearly weak technical trend. Valuation is constrained by a very high P/E despite a supportive dividend yield, and the latest earnings call was mixed due to revenue decline, distribution weakness, exceptionals, and higher net debt.
Positive Factors
Branded Revenue Growth
Sustained branded revenue growth driven by Tennent's and Bulmers shows portfolio resilience and pricing/innovation traction. Durable brand strength supports higher-margin sales, reduces reliance on volatile distribution channels, and provides a foundation for steady cash generation and reinvestment over the medium term.
Negative Factors
Distribution Profit Collapse
A large, persistent drop in distribution profit undermines the group's diversified revenue base. Distribution supplies on-trade customers and historically smoothed earnings; sustained weakness reduces net margin stability, increases earnings volatility, and raises execution risk for channel remediation plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Branded Revenue Growth
Sustained branded revenue growth driven by Tennent's and Bulmers shows portfolio resilience and pricing/innovation traction. Durable brand strength supports higher-margin sales, reduces reliance on volatile distribution channels, and provides a foundation for steady cash generation and reinvestment over the medium term.
Read all positive factors
C&C Group Plc (CCR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£365.39M
Dividend Yield4.05%
Average Volume (3M)736.24K
Price to Earnings (P/E)128.9
Beta (1Y)1.12
Revenue Growth-3.68%
EPS Growth-77.33%
CountryUK
Employees2,937
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)<0.01
Shares Outstanding370,565,030
10 Day Avg. Volume534,927
30 Day Avg. Volume736,241
Financial Highlights & Ratios
PEG Ratio-1.96
Price to Book (P/B)0.96
Price to Sales (P/S)0.32
P/FCF Ratio19.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£150.00Price Target Upside18.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.1
Revenue Forecast (FY)£1.52B
C&C Group Plc Business Overview & Revenue Model
Company Description
C&C Group plc manufactures, markets, and distributes cider, beer, wine, spirits, ales, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, and Magn...
How the Company Makes Money
C&C Group makes money primarily by selling beverages and by providing distribution and related services.
1) Branded beverages (manufacturing and brand-led sales)
- Packaged and draught sales: Revenue is generated from the sale of its owned and ma...
C&C Group Plc Earnings Call Summary
Earnings Call Date:May 19, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Negative
The call contained meaningful operational and strategic progress — improved branded performance, leadership renewal, data and cost allocation initiatives, and portfolio expansion — but these positives were outweighed by material financial setbacks: group revenue decline (‑6%), a sharp fall in distribution profitability (c.‑37%), large exceptional costs (EUR 40.7m), working capital outflows and an increase in net debt (EUR 40.5m). Management has clear remedial plans, yet the near‑term financial position and sector headwinds dominate the narrative.Positive Updates
Branded Revenue Growth
Branded revenue increased 4% year‑on‑year to EUR 310.0m, driven by strong performance from Tennent's and Bulmers despite wider market weakness.
Negative Updates
Group Revenue Decline
Group revenue declined 6% year‑on‑year, reflecting branded growth offset by worse performance in the distribution business (distribution revenue down 8%).
Read all updates
Q4-2026 Updates
Positive
Negative
Branded Revenue Growth
Branded revenue increased 4% year‑on‑year to EUR 310.0m, driven by strong performance from Tennent's and Bulmers despite wider market weakness.
Read all positive updates
Company Guidance
The management guided that group revenue fell 6% in FY26 (branded +4% to €310m; Distribution -8%), with operating profit at €70.5m (FY25 €77.1m) and an overall operating margin ~4.5% broadly flat; branded operating profit rose to €51.0m (from €46.1m) with margin up 1.1pp to 16.5%, while Distribution profit fell to €19.5m (from €31.0m). Adjusted EBITDA was €104m (down €7.7m), free cash flow before exceptionals €45.3m (post-exceptionals ~€25m), capex €13m, working capital outflow €21m, cash tax net nil, net finance costs €20.7m, and exceptional costs €40.7m pre-tax (€20.8m cash). Net debt ended at €121.4m (up €40.5m), leverage 1.6x pre-IFRS16, and FY26 shareholder returns were €38.2m (dividends €23.1m, buybacks €15.1m); the Board proposes a final dividend of €0.0367 (full year €0.0575) and noted €105m returned since FY25 start. For FY27 they said they are well hedged (though fuel and freight remain the main exposure), expect some cost inflation net of hedges, trading is in line with expectations, plan a Capital Markets Day in September, and aim to restore the Matthew Clark Bibendum margin to 3–4% over the coming years while leveraging brand capacity optionality (c.1.9m hl branded footprint vs c.6m hl production capacity).C&C Group Plc Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Feb 2026 | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.54B | 1.67B | 1.65B | 1.69B | 1.44B |
| Gross Profit | 53.47M | 383.40M | 381.10M | 400.80M | 329.20M |
| EBITDA | 86.69M | 73.80M | -59.40M | 104.30M | 74.60M |
| Net Income | 3.44M | 13.60M | -113.50M | 40.30M | 37.10M |
Balance Sheet | |||||
| Total Assets | 1.30B | 1.35B | 1.37B | 1.42B | 1.47B |
| Cash, Cash Equivalents and Short-Term Investments | 135.80M | 144.00M | 160.10M | 115.30M | 64.70M |
| Total Debt | 397.28M | 357.00M | 328.80M | 268.00M | 336.00M |
| Total Liabilities | 782.83M | 787.20M | 780.60M | 683.70M | 769.70M |
| Stockholders Equity | 516.75M | 560.70M | 587.00M | 739.20M | 699.00M |
Cash Flow | |||||
| Free Cash Flow | 25.56M | 42.40M | 63.30M | 70.80M | 15.90M |
| Operating Cash Flow | 36.56M | 60.90M | 83.30M | 86.00M | 33.00M |
| Investing Cash Flow | -12.48M | -15.10M | -19.50M | 49.10M | -2.20M |
| Financing Cash Flow | -24.97M | -66.90M | -20.90M | -83.20M | -76.30M |
C&C Group Plc Technical Analysis
Negative
126.20
Price Trends
113.59
Negative
115.52
Negative
129.03
Negative
Market Momentum
-4.23
Positive
34.93
Neutral
7.20
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CCR, the sentiment is Negative. The current price of 126.2 is above the 20-day moving average (MA) of 109.48, above the 50-day MA of 113.59, and below the 200-day MA of 129.03, indicating a bearish trend. The MACD of -4.23 indicates Positive momentum. The RSI at 34.93 is Neutral, neither overbought nor oversold. The STOCH value of 7.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CCR.
C&C Group Plc Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £678.61M | 14.51 | 14.27% | 2.74% | 4.02% | 18.51% | |
75 Outperform | £15.54B | 19.03 | 26.03% | 1.96% | 9.27% | 16.35% | |
66 Neutral | £34.14B | 18.92 | 21.39% | 5.00% | -4.98% | -35.54% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | £889.05M | 40.03 | 9.32% | 2.11% | -11.80% | -8.61% | |
54 Neutral | £365.39M | 128.94 | 0.62% | 4.05% | -3.68% | -77.33% | |
54 Neutral | £50.22M | -36.32 | -2.23% | ― | -15.87% | 90.20% |
* Consumer Defensive Sector Average
GB:CCR
C&C Group Plc
99.20
-58.15
-36.95%
GB:DGE
Diageo
1,535.50
-380.55
-19.86%
GB:FEVR
Fevertree Drinks
780.50
-70.11
-8.24%
GB:BAG
AG Barr
610.00
-63.80
-9.47%
GB:CCH
Coca Cola HBC
4,264.00
468.82
12.35%
GB:WINE
Naked Wines plc
75.00
-13.00
-14.77%
C&C Group Plc Corporate Events
Business Operations and StrategyExecutive/Board Changes
C&C Group Grants 2024 LTIP Awards and Refines Executive Incentive Targets
Positive
May 28, 2026
CC Group has granted new awards under its 2024 Long-Term Incentive Plan to several senior executives, including CEO Roger White and CFO Adam Phillips, in the form of nil-cost options over ordinary shares. The awards are structured to vest based on...
Business Operations and StrategyRegulatory Filings and Compliance
C&C Group Executives Increase Stakes via Share Incentive Plan
Positive
May 19, 2026
CC Group plc has disclosed that senior executives Cara Chambers, the chief marketing officer, and Karen Bates, the chief people officer, acquired shares in the company through its U.K. Share Incentive Plan. Under this scheme, eligible employees pu...
Business Operations and StrategyDividendsFinancial Disclosures
C&C Group Holds Margin Amid Revenue Drop as It Resets Strategy
Neutral
May 19, 2026
CC Group reported a 5.7% decline in net revenue to €1.57bn for the year to 28 February 2026, largely due to its planned exit from Budweiser Brewing Group contract volumes in Ireland and weak hospitality demand. Despite lower sales, adjusted ...
Regulatory Filings and Compliance
C&C Group Updates Total Voting Rights and Share Capital
Neutral
May 1, 2026
CC Group plc has reported that as of 30 April 2026 its issued share capital stands at 379,590,028 ordinary shares, of which 9,025,000 are held in treasury and carry no voting rights. This leaves a total of 370,565,028 voting rights, a key referenc...
Executive/Board ChangesRegulatory Filings and Compliance
C&C Group Executives Increase Holdings Through Share Incentive Plan
Positive
Apr 16, 2026
CC Group plc reported that two senior executives increased their equity holdings through the company’s U.K. Share Incentive Plan, under which staff can purchase partnership shares from gross pay that are then matched on a one-for-one basis b...
Business Operations and StrategyExecutive/Board Changes
C&C Group Names Adam Phillips as New Chief Financial Officer
Positive
Apr 9, 2026
CC Group plc has appointed Adam Phillips as its new Chief Financial Officer, with his joining the company and taking a seat on the board effective 13 April 2026. The CFO transition signals a potential shift or reinforcement in the company’s ...
Regulatory Filings and Compliance
C&C Group Updates Market on Total Voting Rights and Share Capital
Neutral
Apr 1, 2026
CC Group plc has reported that, as of 31 March 2026, its issued share capital stands at 379,590,028 ordinary shares of €0.01 each, of which 9,025,000 shares are held in treasury without voting rights. This leaves a total of 370,565,028 votin...
Business Operations and StrategyExecutive/Board Changes
C&C Group Reshapes Board Committee Memberships
Neutral
Mar 20, 2026
CC Group plc has updated the composition of its board committees, reflecting a rebalancing of responsibilities across sustainability and remuneration oversight. The moves underline the company’s ongoing focus on corporate governance as it al...
Business Operations and StrategyRegulatory Filings and Compliance
C&C Group Executives Boost Holdings Through Share Incentive Schemes
Positive
Mar 17, 2026
CC Group plc has disclosed that three senior executives acquired additional ordinary shares in the company on 16 March 2026 under its U.K. Share Incentive Plan and Irish Revenue Approved Profit-Sharing Scheme. Chief Marketing Officer Cara Chambers...
Business Operations and StrategyM&A Transactions
C&C Group Buys Innis & Gunn Brand in £4.5m Deal
Positive
Mar 6, 2026
CC Group plc has acquired the Innis Gunn beer brand and its global intellectual property from the administrators of Innis Gunn, having previously been a minority shareholder and brewing partner. The £4.5 million deal, funded from existing f...
Regulatory Filings and Compliance
C&C Group Updates Market on Total Voting Rights and Share Capital
Neutral
Mar 2, 2026
CC Group plc has reported that, as of 28 February 2026, it has issued 379,590,028 ordinary shares of €0.01 each, of which 9,025,000 are held in treasury without voting rights. This leaves a total of 370,565,028 voting rights, a figure shareh...
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.