Britvic plc

DB:B6S Stock Report

Market Cap: €3.8b

Britvic Valuation

Is B6S undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 B6S when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: B6S (€15.3) is trading below our estimate of fair value (€24.2)

Significantly Below Fair Value: B6S is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for B6S?

Key metric: As B6S is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for B6S. This is calculated by dividing B6S's market cap by their current earnings.
What is B6S's PE Ratio?
PE Ratio25.3x
EarningsUK£125.80m
Market CapUK£3.18b

Price to Earnings Ratio vs Peers

How does B6S's PE Ratio compare to its peers?

The above table shows the PE ratio for B6S vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
MUT Mineralbrunnen Überkingen-Teinach GmbH KGaA
11.9xn/a€97.1m
SZU Südzucker
6.8x-10.2%€2.3b
KWS KWS SAAT SE KGaA
9.9x-1.0%€2.0b
2460 China Resources Beverage (Holdings)
19xn/aHK$27.1b
B6S Britvic
25.3x16.9%€3.2b

Price-To-Earnings vs Peers: B6S is expensive based on its Price-To-Earnings Ratio (25.3x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

How does B6S's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
B6S 25.3xIndustry Avg. 17.2xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: B6S is expensive based on its Price-To-Earnings Ratio (25.3x) compared to the European Beverage industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is B6S'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.

B6S PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.3x
Fair PE Ratio23.2x

Price-To-Earnings vs Fair Ratio: B6S is expensive based on its Price-To-Earnings Ratio (25.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).

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 B6S forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.30
€14.62
-4.5%
10.2%€16.16€11.97n/a8
Nov ’25€15.00
€14.66
-2.3%
10.2%€16.21€12.01n/a8
Oct ’25€15.10
€14.18
-6.1%
13.2%€16.03€10.33n/a10
Sep ’25€15.00
€13.69
-8.7%
13.4%€15.68€10.11n/a11
Aug ’25€14.90
€13.86
-7.0%
13.2%€16.02€10.33n/a11
Jul ’25€13.80
€12.65
-8.3%
10.9%€15.90€10.24n/a12
Jun ’25€11.20
€12.32
+10.0%
7.9%€13.75€10.22n/a15
May ’25€10.10
€11.46
+13.5%
7.8%€12.88€10.18n/a14
Apr ’25€9.45
€11.41
+20.7%
7.8%€12.87€10.18n/a14
Mar ’25€9.80
€11.48
+17.1%
8.2%€12.85€10.16n/a15
Feb ’25€10.20
€11.42
+12.0%
8.5%€12.89€10.20n/a16
Jan ’25€9.55
€11.45
+19.9%
8.4%€12.85€10.17n/a16
Dec ’24€9.50
€11.38
+19.8%
8.3%€12.73€10.06n/a17
Nov ’24€9.60
€11.54
+20.2%
6.9%€12.70€10.10€15.0015
Oct ’24€9.95
€11.45
+15.1%
7.6%€12.65€10.01€15.1016
Sep ’24€10.20
€11.51
+12.8%
7.9%€12.78€10.05€15.0016
Aug ’24€9.95
€11.48
+15.3%
7.5%€12.83€10.09€14.9016
Jul ’24€9.75
€11.32
+16.1%
8.8%€12.77€8.82€13.8016
Jun ’24€10.20
€11.21
+9.9%
8.7%€12.72€8.79€11.2016
May ’24€10.30
€10.43
+1.3%
8.4%€11.89€8.61€10.1014
Apr ’24€9.95
€10.35
+4.0%
9.0%€11.89€8.61€9.4515
Mar ’24€9.30
€10.32
+11.0%
9.2%€11.77€8.52€9.8016
Feb ’24€8.70
€10.47
+20.4%
9.3%€11.95€8.54€10.2016
Jan ’24€9.10
€10.73
+17.9%
8.9%€12.21€9.07€9.5517
Dec ’23€9.20
€10.74
+16.8%
8.9%€12.15€9.03€9.5018
Nov ’23€8.35
€10.71
+28.3%
8.8%€12.00€8.80€9.6018

Analyst Forecast: Target price is lower than the current share price.

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