Britvic plc

DB:B6S Stock Report

Market Cap: €3.9b

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 (€15.6) is trading below our estimate of fair value (€24.52)

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 Ratio25.7x
EarningsUK£125.80m
Market CapUK£3.23b

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 Average12.4x
MUT Mineralbrunnen Überkingen-Teinach GmbH KGaA
11.6xn/a€97.2m
SZU Südzucker
6.2x-10.2%€2.1b
KWS KWS SAAT SE KGaA
9.5x1.2%€1.9b
FIZZ National Beverage
22.2xn/aUS$4.1b
B6S Britvic
25.7x17.7%€3.2b

Price-To-Earnings vs Peers: B6S is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the peer average (12.4x).

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 25.7xIndustry Avg. 17.9xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: B6S is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the European Beverage industry average (17.9x).

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 Ratio25.7x
Fair PE Ratio23.6x

Price-To-Earnings vs Fair Ratio: B6S is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the estimated Fair Price-To-Earnings Ratio (23.6x).

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€15.60
€14.72
-5.7%
10.2%€16.27€12.05n/a8
Dec ’25€15.30
€14.66
-4.2%
10.2%€16.21€12.01n/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
€13.90
-6.7%
13.2%€16.07€10.35n/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€10.06€15.3017
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 08:57
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Britvic plc is covered by 32 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael BrancaBarclays
Mandeep SanghaBarclays
Robert ChantryBerenberg