LSE:CCEP

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Executive Summary

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages. More Details


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Coca-Cola European Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCEP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CCEP's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.9%

CCEP

4.5%

GB Beverage

1.2%

GB Market


1 Year Return

-7.7%

CCEP

6.9%

GB Beverage

4.6%

GB Market

Return vs Industry: CCEP underperformed the UK Beverage industry which returned 6.9% over the past year.

Return vs Market: CCEP underperformed the UK Market which returned 4.6% over the past year.


Shareholder returns

CCEPIndustryMarket
7 Day1.9%4.5%1.2%
30 Day6.0%-0.3%0.9%
90 Day11.0%0.5%2.4%
1 Year-5.3%-7.7%9.6%6.9%10.6%4.6%
3 Year40.6%30.7%22.9%13.9%8.6%-4.5%
5 Yearn/a80.8%59.1%39.5%12.5%

Long-Term Price Volatility Vs. Market

How volatile is Coca-Cola European Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Coca-Cola European Partners undervalued compared to its fair value and its price relative to the market?

27.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCEP (€43.23) is trading below our estimate of fair value (€59.89)

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


Price To Earnings Ratio

PE vs Industry: CCEP is poor value based on its PE Ratio (39.4x) compared to the GB Beverage industry average (27.2x).

PE vs Market: CCEP is poor value based on its PE Ratio (39.4x) compared to the UK market (24.1x).


Price to Earnings Growth Ratio

PEG Ratio: CCEP is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: CCEP is overvalued based on its PB Ratio (3.3x) compared to the GB Beverage industry average (3.1x).


Next Steps

Future Growth

How is Coca-Cola European Partners forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

29.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCEP's forecast earnings growth (29.8% per year) is above the savings rate (1%).

Earnings vs Market: CCEP's earnings (29.8% per year) are forecast to grow faster than the UK market (22.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CCEP's revenue (5% per year) is forecast to grow slower than the UK market (6.7% per year).

High Growth Revenue: CCEP's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCEP's Return on Equity is forecast to be low in 3 years time (18%).


Next Steps

Past Performance

How has Coca-Cola European Partners performed over the past 5 years?

7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCEP has high quality earnings.

Growing Profit Margin: CCEP's current net profit margins (4.7%) are lower than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: CCEP's earnings have grown by 7.8% per year over the past 5 years.

Accelerating Growth: CCEP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CCEP had negative earnings growth (-54.2%) over the past year, making it difficult to compare to the Beverage industry average (-25%).


Return on Equity

High ROE: CCEP's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is Coca-Cola European Partners's financial position?


Financial Position Analysis

Short Term Liabilities: CCEP's short term assets (€4.1B) do not cover its short term liabilities (€4.1B).

Long Term Liabilities: CCEP's short term assets (€4.1B) do not cover its long term liabilities (€9.1B).


Debt to Equity History and Analysis

Debt Level: CCEP's debt to equity ratio (113.6%) is considered high.

Reducing Debt: CCEP's debt to equity ratio has reduced from 404.9% to 113.6% over the past 5 years.

Debt Coverage: CCEP's debt is well covered by operating cash flow (21.8%).

Interest Coverage: CCEP's interest payments on its debt are well covered by EBIT (7.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Coca-Cola European Partners's current dividend yield, its reliability and sustainability?

1.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CCEP's dividend (1.98%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).

High Dividend: CCEP's dividend (1.98%) is low compared to the top 25% of dividend payers in the UK market (4.51%).


Stability and Growth of Payments

Stable Dividend: CCEP has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CCEP's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78%), CCEP's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CCEP's dividends in 3 years are forecast to be covered by earnings (53.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Damian Gammell (49 yo)

4.25yrs

Tenure

€11,806,588

Compensation

Mr. Damian Paul Gammell has been the Chief Operating Officer at Coca-Cola Refreshments USA, Inc. since January 30, 2016. Mr. Gammell has been the Chief Executive Officer of Coca-Cola European Partners Plc ...


CEO Compensation Analysis

Compensation vs Market: Damian's total compensation ($USD14.07M) is above average for companies of similar size in the UK market ($USD3.96M).

Compensation vs Earnings: Damian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Damian Gammell
CEO & Director4.25yrs€11.81m0.057%
€ 11.2m
Lauren Sayeski
Chief Public Affairs4.83yrsno datano data
Stephen Moorhouse
General Manager of Northern Europe Business Unitno datano datano data
Manik Jhangiani
Chief Financial Officer7.33yrsno data0.014%
€ 2.8m
Peter Brickley
Chief Information Officer4.33yrsno datano data
Sarah Willett
Vice President of Investor Relationsno datano datano data
Clare Wardle
General Counsel & Company Secretary4.67yrsno datano data
Veronique Vuillod
Chief People & Culture Officerno datano datano data
Victor Rufart
Chief Strategy Officer4.42yrsno datano data
José Echeverría
Chief Customer Service & Supply Chain Officer1.5yrsno datano data
Thor Erickson
Vice President of Investor Relationsno datano datano data

4.4yrs

Average Tenure

54yo

Average Age

Experienced Management: CCEP's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Damian Gammell
CEO & Director4.25yrs€11.81m0.057%
€ 11.2m
Thomas Johnson
Senior Independent Directorno data€187.65k0.0022%
€ 429.1k
Jan Bennink
Independent Non-Executive Director4.83yrs€158.15k0.0060%
€ 1.2m
Garry Watts
Independent Non-Executive Director4.92yrs€158.15k0.0022%
€ 429.1k
Irial Finan
Non-Executive Director4.92yrs€136.90kno data
Christine Cross
Independent Non-Executive Director4.83yrs€158.15kno data
José Ignacio Comenge Sánchez-Real
Non-Executive Director4.83yrs€120.38kno data
Soledad Daurella Comadran
Chairman of the Board4.83yrs€693.95kno data
Alfonso Daurella
Non-Executive Director4.83yrs€123.92kno data
Mario Solá
Non-Executive Director4.83yrs€120.38kno data
Álvaro Gómez-Trénor Aguilar
Non-Executive Director3yrs€105.04kno data
Nathalie Gaveau
Independent Non-Executive Director2.17yrs€112.12kno data

4.8yrs

Average Tenure

63yo

Average Age

Experienced Board: CCEP's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Coca-Cola European Partners plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Coca-Cola European Partners plc
  • Ticker: CCEP
  • Exchange: LSE
  • Founded: 1986
  • Industry: Soft Drinks
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €19.594b
  • Shares outstanding: 456.74m
  • Website: https://www.cocacolaep.com

Number of Employees


Location

  • Coca-Cola European Partners plc
  • Pemberton House
  • Bakers Road
  • Uxbridge
  • Greater London
  • UB8 1EZ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCEPNYSE (New York Stock Exchange)YesOrdinary SharesUSUSDMay 2016
CCEPLSE (London Stock Exchange)YesOrdinary SharesGBEURMay 2016
CCEPENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURMay 2016
CK0DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2016
CCEPBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURMay 2016
CCEABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 2016
CCEPABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 2016
CK0ETLX (Eurotlx)YesOrdinary SharesITEURMay 2016
CCEP NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNMay 2016

Biography

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages. The company offers flavors, mixers, and energy drinks; w...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 19:59
End of Day Share Price2021/03/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.