Britvic plc

BATS-CHIXE:BVICL Stock Report

Market Cap: UK£3.2b

Britvic Valuation

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

Below Fair Value: BVICL (£12.87) is trading below our estimate of fair value (£19.72)

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

Key Valuation Metric

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

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

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

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BVICL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.9x
CCH Coca-Cola HBC
19.3x11.9%UK£10.1b
FEVR Fevertree Drinks
36.5x29.4%UK£800.2m
BAG A.G. BARR
18.9x15.6%UK£683.0m
NICL Nichols
24.8x12.9%UK£463.9m
BVICL Britvic
25.2x16.9%UK£3.2b

Price-To-Earnings vs Peers: BVICL is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the peer average (24.8x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BVICL is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the European Beverage industry average (17.1x).

Price to Earnings Ratio vs Fair Ratio

What is BVICL'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.

BVICL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.3x
Fair PE Ratio20.8x

Price-To-Earnings vs Fair Ratio: BVICL is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.8x).

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 BVICL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£12.89
UK£12.21
-5.3%
10.2%UK£13.50UK£10.00n/a8
Nov ’25UK£12.79
UK£12.21
-4.5%
10.2%UK£13.50UK£10.00n/a8
Oct ’25UK£12.75
UK£11.95
-6.3%
13.2%UK£13.50UK£8.70n/a10
Sep ’25UK£12.75
UK£11.79
-7.6%
13.4%UK£13.50UK£8.70n/a11
Aug ’25UK£12.67
UK£11.68
-7.8%
13.2%UK£13.50UK£8.70n/a11
Jul ’25UK£11.84
UK£10.75
-9.2%
10.9%UK£13.50UK£8.70n/a12
Jun ’25UK£9.64
UK£10.49
+8.8%
7.9%UK£11.70UK£8.70n/a15
May ’25UK£8.80
UK£9.79
+11.2%
7.8%UK£11.00UK£8.70n/a14
Apr ’25UK£8.25
UK£9.75
+18.1%
7.8%UK£11.00UK£8.70n/a14
Mar ’25UK£8.57
UK£9.82
+14.7%
8.2%UK£11.00UK£8.70n/a15
Feb ’25UK£8.78
UK£9.74
+11.0%
8.5%UK£11.00UK£8.70n/a16
Jan ’25UK£8.41
UK£9.80
+16.5%
8.4%UK£11.00UK£8.70n/a16
Dec ’24UK£8.32
UK£9.84
+18.3%
8.3%UK£11.00UK£8.70n/a17
Nov ’24UK£8.42
UK£10.00
+18.7%
6.9%UK£11.00UK£8.75UK£12.7915
Oct ’24UK£8.78
UK£9.96
+13.5%
7.6%UK£11.00UK£8.70UK£12.7516
Sep ’24UK£8.75
UK£9.90
+13.2%
7.9%UK£11.00UK£8.65UK£12.7516
Aug ’24UK£8.64
UK£9.84
+14.0%
7.5%UK£11.00UK£8.65UK£12.6716
Jul ’24UK£8.58
UK£9.75
+13.7%
8.8%UK£11.00UK£7.60UK£11.8416
Jun ’24UK£8.86
UK£9.69
+9.4%
8.7%UK£11.00UK£7.60UK£9.6416
May ’24UK£9.15
UK£9.21
+0.7%
8.4%UK£10.50UK£7.60UK£8.8014
Apr ’24UK£8.95
UK£9.13
+2.1%
9.0%UK£10.50UK£7.60UK£8.2515
Mar ’24UK£8.17
UK£9.21
+12.8%
9.2%UK£10.50UK£7.60UK£8.5716
Feb ’24UK£7.81
UK£9.20
+17.9%
9.3%UK£10.50UK£7.50UK£8.7816
Jan ’24UK£7.82
UK£9.22
+17.9%
8.9%UK£10.50UK£7.80UK£8.4117
Dec ’23UK£8.23
UK£9.28
+12.9%
8.9%UK£10.50UK£7.80UK£8.3218
Nov ’23UK£7.37
UK£9.38
+27.2%
8.8%UK£10.50UK£7.70UK£8.4218

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

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