Coca-Cola HBC AG

DB:CCKC Stock Report

Market Cap: €12.4b

Coca-Cola HBC Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: CCKC (€33.6) is trading below our estimate of fair value (€55.07)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CCKC. This is calculated by dividing CCKC's market cap by their current earnings.
What is CCKC's PE Ratio?
PE Ratio19.6x
Earnings€632.40m
Market Cap€12.38b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CCKC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14x
MUT Mineralbrunnen Überkingen-Teinach GmbH KGaA
11.9xn/a€98.2m
SZU Südzucker
6.7x-10.2%€2.2b
AC * Arca Continental. de
15.7x8.0%Mex$296.1b
COKE Coca-Cola Consolidated
21.7xn/aUS$11.8b
CCKC Coca-Cola HBC
19.6x11.9%€10.3b

Price-To-Earnings vs Peers: CCKC is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the peer average (14x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCKC 19.6xIndustry Avg. 17.0xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CCKC is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the European Beverage industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is CCKC'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.

CCKC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.6x
Fair PE Ratio23.3x

Price-To-Earnings vs Fair Ratio: CCKC is good value based on its Price-To-Earnings Ratio (19.6x) compared to the estimated Fair Price-To-Earnings Ratio (23.3x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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