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U.K. (FTSE) Beverage Industry Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies11
  • 7D-3.1%
  • 3M-8.9%
  • 1Y-19.8%
  • YTD-5.4%

Over the last 7 days, the Beverage industry has dropped 3.1%, driven by pullbacks in Diageo and Coca-Cola HBC of 4.6% and 7.7%, respectively. The industry has fallen 20% in the last year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the U.K. Beverage Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Mar 2026UK£49.3bUK£27.4bUK£2.7b17.3x18.1x1.8x
Mon, 16 Feb 2026UK£60.5bUK£27.5bUK£2.6b21.2x22.9x2.2x
Wed, 14 Jan 2026UK£53.7bUK£27.4bUK£2.6b21.1x20.3x2x
Fri, 12 Dec 2025UK£52.7bUK£27.5bUK£2.7b20.2x19.8x1.9x
Sun, 09 Nov 2025UK£54.2bUK£27.9bUK£2.7b21.5x20.1x1.9x
Tue, 07 Oct 2025UK£54.0bUK£27.4bUK£2.6b22.4x20.6x2x
Thu, 04 Sep 2025UK£61.9bUK£27.5bUK£2.6b24x23.5x2.3x
Sat, 02 Aug 2025UK£58.0bUK£27.3bUK£3.5b19.9x16.5x2.1x
Mon, 30 Jun 2025UK£57.7bUK£26.6bUK£3.4b19.5x16.9x2.2x
Wed, 28 May 2025UK£62.7bUK£26.6bUK£3.3b20.3x18.8x2.4x
Fri, 25 Apr 2025UK£63.2bUK£27.0bUK£3.4b19.4x18.8x2.3x
Sun, 23 Mar 2025UK£61.2bUK£27.3bUK£3.4b18.7x17.8x2.2x
Tue, 18 Feb 2025UK£62.5bUK£27.6bUK£3.5b18.4x17.8x2.3x
Thu, 16 Jan 2025UK£68.1bUK£29.8bUK£3.8b18.4x17.9x2.3x
Sat, 14 Dec 2024UK£74.3bUK£29.2bUK£3.7b19.4x20.2x2.5x
Mon, 11 Nov 2024UK£67.6bUK£28.7bUK£3.6b19.4x18.7x2.4x
Wed, 09 Oct 2024UK£72.3bUK£28.6bUK£3.6b19.4x20.2x2.5x
Fri, 06 Sep 2024UK£70.5bUK£28.6bUK£3.6b23x19.8x2.5x
Sun, 04 Aug 2024UK£69.4bUK£29.0bUK£3.7b22.3x19x2.4x
Tue, 02 Jul 2024UK£71.0bUK£30.2bUK£4.0b20.2x17.8x2.3x
Thu, 30 May 2024UK£73.1bUK£30.2bUK£4.1b19x17.8x2.4x
Sat, 27 Apr 2024UK£76.4bUK£30.4bUK£4.2b18.9x18.4x2.5x
Mon, 25 Mar 2024UK£78.8bUK£30.3bUK£4.1b19.8x19.1x2.6x
Wed, 21 Feb 2024UK£80.6bUK£30.2bUK£4.1b26.1x19.6x2.7x
Fri, 19 Jan 2024UK£74.8bUK£30.0bUK£4.5b25.8x16.7x2.5x
Sun, 17 Dec 2023UK£77.0bUK£30.1bUK£4.5b24.3x17.2x2.6x
Tue, 14 Nov 2023UK£77.5bUK£30.2bUK£4.5b22.3x17.2x2.6x
Thu, 12 Oct 2023UK£82.6bUK£30.1bUK£4.5b18.6x18.3x2.7x
Sat, 09 Sep 2023UK£85.7bUK£30.0bUK£4.5b18.5x18.9x2.9x
Mon, 07 Aug 2023UK£88.7bUK£29.3bUK£4.3b20x20.4x3x
Wed, 05 Jul 2023UK£90.2bUK£29.0bUK£4.2b21.3x21.6x3.1x
Fri, 02 Jun 2023UK£89.6bUK£29.1bUK£4.2b22.7x21.3x3.1x
Sun, 30 Apr 2023UK£96.3bUK£29.2bUK£4.2b23.6x23x3.3x
Tue, 28 Mar 2023UK£94.5bUK£29.2bUK£4.2b22.4x22.5x3.2x
Price to Earnings Ratio

22.5x


Total Market Cap: UK£94.5bTotal Earnings: UK£4.2bTotal Revenue: UK£29.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Beverage Industry Price to Earnings3Y Average 19.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the British Beverage industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 19.5x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Beverage industry have declined 13% per year over the last three years,
  • Revenues have also declined 2.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Consumer Staples industry?

GB Market-2.70%
Consumer Staples-3.05%
Beverage-3.14%
Brewers-2.25%
Distillers and Wine Makers-2.50%
Soft Drinks-4.27%
Industry PE
  • Investors are most optimistic about the Brewers industry even though it's trading below its 3-year average PE ratio of 33.7x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Distillers and Wine Makers industry, which is trading below its 3-year average of 19.6x.
Forecasted Growth
  • Analysts are most optimistic on the Distillers and Wine Makers industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 33% per year.
  • In contrast, the Soft Drinks industry is expected to see its earnings grow by 9.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ART Artisanal SpiritsUK£0.323.3%
+UK£708.0k		-4.5%PS1x

Latest News

DGE
UK£14.00
Diageo
7D
-4.6%
1Y
-32.2%

DGE: Margin Discipline And Portfolio Actions Will Support Future Cash Generation

Analysts have reduced their fair value estimate for Diageo to about £19.81 per share from roughly £20.01. This change reflects slightly softer revenue growth assumptions and a modestly lower future P/E multiple, partly offset by a small improvement in expected profit margins.
NICL
UK£9.44
Nichols
7D
-5.6%
1Y
-27.9%
CCH
UK£41.96
Coca-Cola HBC
7D
-7.7%
1Y
20.6%

CCH: Higher Fair Value Will Balance Mixed Research And Governance Changes

Analysts have nudged our fair value estimate for Coca-Cola HBC higher, with the price target rising from about £47.00 to roughly £50.10. This reflects updated assumptions on discount rate, profit margin and future P/E after recent target increases from several banks and a more cautious stance from one broker.
FEVR
UK£7.50
Fevertree Drinks
7D
-9.6%
1Y
1.9%

FEVR: Fair Value View Will Depend On Consistent Margin Delivery

Analysts have nudged their fair value estimate for Fevertree Drinks higher from £9.31 to about £9.54. This reflects a blend of recent price target moves, including a £1,030 target from RBC Capital, and updated assumptions on growth, margins and valuation multiples.
CCR
UK£1.07
C&C Group
7D
-4.1%
1Y
-14.9%

CCR: Reset Expectations And Stable Margins Will Support Medium Term Upside

Analysts have reduced their price targets on C&C Group by £0.25 to £0.40 per share, citing updated views on the company that are now reflected in the revised fair value and P/E assumptions used in this model. Analyst Commentary Recent research updates point to a reset in expectations for C&C Group, with several firms trimming price targets in the £0.25 to £0.40 per share range.
BAG
UK£6.26
A.G. BARR
7D
-6.4%
1Y
1.5%
RHR
UK£0.017
Richmond Hill Resources
7D
-28.3%
1Y
127.6%
ART
UK£0.32
Artisanal Spirits
7D
3.3%
1Y
-4.5%
SHEP
UK£4.37
Shepherd Neame
7D
-2.9%
1Y
-11.7%