The Coca-Cola Company

BST:CCC3 Stock Report

Market Cap: €252.6b

Coca-Cola Valuation

Is CCC3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CCC3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CCC3 (€58.48) is trading below our estimate of fair value (€94.51)

Significantly Below Fair Value: CCC3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CCC3?

Key metric: As CCC3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CCC3. This is calculated by dividing CCC3's market cap by their current earnings.
What is CCC3's PE Ratio?
PE Ratio25.6x
EarningsUS$10.41b
Market CapUS$265.96b

Price to Earnings Ratio vs Peers

How does CCC3's PE Ratio compare to its peers?

The above table shows the PE ratio for CCC3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.7x
PEP PepsiCo
23.2x9.1%US$217.6b
MNST Monster Beverage
32.3x11.6%US$50.6b
KDP Keurig Dr Pepper
18.6x6.1%US$42.9b
MUT Mineralbrunnen Überkingen-Teinach GmbH KGaA
12.6xn/a€96.9m
CCC3 Coca-Cola
25.6x8.4%€266.0b

Price-To-Earnings vs Peers: CCC3 is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the peer average (21.7x).

Price to Earnings Ratio vs Industry

How does CCC3's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCC3 25.6xIndustry Avg. 17.3xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CCC3 is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the European Beverage industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is CCC3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CCC3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.6x
Fair PE Ratio27.7x

Price-To-Earnings vs Fair Ratio: CCC3 is good value based on its Price-To-Earnings Ratio (25.6x) compared to the estimated Fair Price-To-Earnings Ratio (27.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CCC3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€58.48
€68.49
+17.1%
7.3%€78.27€58.93n/a24
Nov ’25€60.09
€68.49
+14.0%
7.3%€78.27€58.93n/a24
Oct ’25€64.76
€65.64
+1.4%
7.4%€76.34€57.48n/a25
Sep ’25€65.51
€64.01
-2.3%
5.4%€70.43€54.17n/a25
Aug ’25€63.05
€64.68
+2.6%
5.4%€72.06€55.43n/a25
Jul ’25€58.91
€63.30
+7.4%
6.1%€72.65€55.88n/a26
Jun ’25€57.87
€62.32
+7.7%
5.5%€68.74€55.73n/a23
May ’25€57.84
€62.56
+8.2%
5.5%€69.21€56.12n/a24
Apr ’25€56.69
€61.17
+7.9%
5.1%€68.48€55.52n/a23
Mar ’25€55.11
€60.80
+10.3%
5.2%€68.20€55.30n/a23
Feb ’25€55.82
€60.49
+8.4%
5.5%€68.49€54.60n/a23
Jan ’25€53.22
€59.19
+11.2%
6.0%€67.78€54.04n/a23
Dec ’24€53.75
€58.46
+8.8%
6.0%€67.44€53.77n/a23
Nov ’24€53.26
€60.34
+13.3%
5.9%€69.70€55.57€60.0922
Oct ’24€52.85
€65.61
+24.1%
6.0%€71.91€56.77€64.7622
Sep ’24€55.01
€63.90
+16.2%
6.0%€69.66€53.16€65.5123
Aug ’24€56.32
€63.08
+12.0%
6.0%€68.94€52.61€63.0523
Jul ’24€55.06
€63.82
+15.9%
5.9%€69.01€53.37€58.9123
Jun ’24€55.77
€64.38
+15.4%
6.2%€71.27€53.68€57.8724
May ’24€58.10
€62.81
+8.1%
6.2%€69.85€52.62€57.8425
Apr ’24€57.13
€62.43
+9.3%
6.5%€71.02€53.50€56.6926
Mar ’24€55.15
€64.37
+16.7%
6.3%€72.99€54.98€55.1125
Feb ’24€56.07
€62.30
+11.1%
6.5%€70.86€53.38€55.8223
Jan ’24€59.88
€63.09
+5.4%
7.1%€72.37€54.51€53.2224
Dec ’23€60.65
€63.27
+4.3%
7.5%€74.10€55.10€53.7525
Nov ’23€60.18
€67.38
+12.0%
7.4%€78.95€58.71€53.2625

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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