Coca-Cola European Partners
Market Cap
€19.6b
Last Updated
2021/03/06 19:59 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
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
| CCEP | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.9% | 4.5% | 1.2% |
| 30 Day | 6.0% | -0.3% | 0.9% |
| 90 Day | 11.0% | 0.5% | 2.4% |
| 1 Year | -5.3%-7.7% | 9.6%6.9% | 10.6%4.6% |
| 3 Year | 40.6%30.7% | 22.9%13.9% | 8.6%-4.5% |
| 5 Year | n/a | 80.8%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.25yrs | €11.81m | 0.057% € 11.2m | |
| Chief Public Affairs | 4.83yrs | no data | no data | |
| General Manager of Northern Europe Business Unit | no data | no data | no data | |
| Chief Financial Officer | 7.33yrs | no data | 0.014% € 2.8m | |
| Chief Information Officer | 4.33yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| General Counsel & Company Secretary | 4.67yrs | no data | no data | |
| Chief People & Culture Officer | no data | no data | no data | |
| Chief Strategy Officer | 4.42yrs | no data | no data | |
| Chief Customer Service & Supply Chain Officer | 1.5yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data |
4.4yrs
Average Tenure
54yo
Average Age
Experienced Management: CCEP's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.25yrs | €11.81m | 0.057% € 11.2m | |
| Senior Independent Director | no data | €187.65k | 0.0022% € 429.1k | |
| Independent Non-Executive Director | 4.83yrs | €158.15k | 0.0060% € 1.2m | |
| Independent Non-Executive Director | 4.92yrs | €158.15k | 0.0022% € 429.1k | |
| Non-Executive Director | 4.92yrs | €136.90k | no data | |
| Independent Non-Executive Director | 4.83yrs | €158.15k | no data | |
| Non-Executive Director | 4.83yrs | €120.38k | no data | |
| Chairman of the Board | 4.83yrs | €693.95k | no data | |
| Non-Executive Director | 4.83yrs | €123.92k | no data | |
| Non-Executive Director | 4.83yrs | €120.38k | no data | |
| Non-Executive Director | 3yrs | €105.04k | no data | |
| Independent Non-Executive Director | 2.17yrs | €112.12k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CCEP | NYSE (New York Stock Exchange) | Yes | Ordinary Shares | US | USD | May 2016 |
| CCEP | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | May 2016 |
| CCEP | ENXTAM (Euronext Amsterdam) | Yes | Ordinary Shares | NL | EUR | May 2016 |
| CK0 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2016 |
| CCEP | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | May 2016 |
| CCEA | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | May 2016 |
| CCEPA | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | May 2016 |
| CK0 | ETLX (Eurotlx) | Yes | Ordinary Shares | IT | EUR | May 2016 |
| CCEP N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | May 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 19:59 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.