| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
CCH Stock Overview
Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages.
Coca-Cola HBC Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£24.27 |
| 52 Week High | UK£28.10 |
| 52 Week Low | UK£21.25 |
| Beta | 1.17 |
| 1 Month Change | -4.37% |
| 3 Month Change | -3.65% |
| 1 Year Change | 12.36% |
| 3 Year Change | -4.00% |
| 5 Year Change | 34.83% |
| Change since IPO | 38.69% |
Recent News & Updates
Here's Why I Think Coca-Cola HBC (LON:CCH) Is An Interesting Stock
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Returns On Capital Are Showing Encouraging Signs At Coca-Cola HBC (LON:CCH)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Is Coca-Cola HBC (LON:CCH) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Shareholder Returns
| CCH | GB Beverage | GB Market | |
|---|---|---|---|
| 7D | -7.9% | -1.6% | -3.0% |
| 1Y | 12.4% | 22.9% | 2.8% |
Return vs Industry: CCH underperformed the UK Beverage industry which returned 22.9% over the past year.
Return vs Market: CCH exceeded the UK Market which returned 2.8% over the past year.
Price Volatility
| CCH volatility | |
|---|---|
| CCH Average Weekly Movement | 3.8% |
| Beverage Industry Average Movement | 3.8% |
| Market Average Movement | 5.2% |
| 10% most volatile stocks in GB Market | 10.9% |
| 10% least volatile stocks in GB Market | 2.6% |
Stable Share Price: CCH is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CCH's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1969 | 26,000 | Zoran Bogdanovic | https://www.coca-colahellenic.com |
Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.
Coca-Cola HBC Fundamentals Summary
| CCH fundamental statistics | |
|---|---|
| Market Cap | €10.64b |
| Earnings (TTM) | €524.00m |
| Revenue (TTM) | €6.55b |
20.3x
P/E Ratio1.6x
P/S RatioIs CCH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CCH income statement (TTM) | |
|---|---|
| Revenue | €6.55b |
| Cost of Revenue | €4.08b |
| Gross Profit | €2.47b |
| Expenses | €1.95b |
| Earnings | €524.00m |
Last Reported Earnings
Jul 02, 2021
Next Earnings Date
Feb 17, 2022
| Earnings per share (EPS) | 1.43 |
| Gross Margin | 37.75% |
| Net Profit Margin | 8.00% |
| Debt/Equity Ratio | 101.9% |
How did CCH perform over the long term?
See historical performance and comparisonDividends
2.2%
Current Dividend Yield45%
Payout RatioValuation
Is Coca-Cola HBC undervalued compared to its fair value and its price relative to the market?
24.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CCH (£24.27) is trading below our estimate of fair value (£31.97)
Significantly Below Fair Value: CCH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CCH is good value based on its PE Ratio (20.3x) compared to the UK Beverage industry average (32.1x).
PE vs Market: CCH is poor value based on its PE Ratio (20.3x) compared to the UK market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: CCH is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: CCH is overvalued based on its PB Ratio (3.9x) compared to the GB Beverage industry average (3.2x).
Future Growth
How is Coca-Cola HBC forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
9.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CCH's forecast earnings growth (9.5% per year) is above the savings rate (0.9%).
Earnings vs Market: CCH's earnings (9.5% per year) are forecast to grow slower than the UK market (12.1% per year).
High Growth Earnings: CCH's earnings are forecast to grow, but not significantly.
Revenue vs Market: CCH's revenue (7.3% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: CCH's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CCH's Return on Equity is forecast to be low in 3 years time (19.1%).
Past Performance
How has Coca-Cola HBC performed over the past 5 years?
6.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCH has high quality earnings.
Growing Profit Margin: CCH's current net profit margins (8%) are higher than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: CCH's earnings have grown by 6.3% per year over the past 5 years.
Accelerating Growth: CCH's earnings growth over the past year (25.9%) exceeds its 5-year average (6.3% per year).
Earnings vs Industry: CCH earnings growth over the past year (25.9%) exceeded the Beverage industry 9.1%.
Return on Equity
High ROE: CCH's Return on Equity (19.3%) is considered low.
Financial Health
How is Coca-Cola HBC's financial position?
Financial Position Analysis
Short Term Liabilities: CCH's short term assets (€3.3B) exceed its short term liabilities (€2.8B).
Long Term Liabilities: CCH's short term assets (€3.3B) exceed its long term liabilities (€2.9B).
Debt to Equity History and Analysis
Debt Level: CCH's net debt to equity ratio (43.4%) is considered high.
Reducing Debt: CCH's debt to equity ratio has increased from 76.4% to 101.9% over the past 5 years.
Debt Coverage: CCH's debt is well covered by operating cash flow (47.7%).
Interest Coverage: CCH's interest payments on its debt are well covered by EBIT (12.7x coverage).
Balance Sheet
Dividend
What is Coca-Cola HBC current dividend yield, its reliability and sustainability?
2.20%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CCH's dividend (2.2%) is higher than the bottom 25% of dividend payers in the UK market (1.48%).
High Dividend: CCH's dividend (2.2%) is low compared to the top 25% of dividend payers in the UK market (4.24%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CCH has been paying a dividend for less than 10 years.
Growing Dividend: CCH's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.5%), CCH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CCH's dividends in 3 years are forecast to be well covered by earnings (44.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Zoran Bogdanovic (49 yo)
4.08yrs
Tenure
€3,156,000
Compensation
Mr. Zoran Bogdanovic has been the Chief Executive Officer of Coca-Cola HBC AG since December 7, 2017 and has been its Executive Director since June 11, 2018. Mr. Bogdanovic was a Region Director of Bosnia...
CEO Compensation Analysis
Compensation vs Market: Zoran's total compensation ($USD3.56M) is about average for companies of similar size in the UK market ($USD3.95M).
Compensation vs Earnings: Zoran's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: CCH's management team is considered experienced (3.4 years average tenure).
Board Members
Experienced Board: CCH's board of directors are considered experienced (5.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CCH insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Coca-Cola HBC AG's employee growth, exchange listings and data sources
Key Information
- Name: Coca-Cola HBC AG
- Ticker: CCH
- Exchange: LSE
- Founded: 1969
- Industry: Soft Drinks
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: UK£8.880b
- Shares outstanding: 365.90m
- Website: https://www.coca-colahellenic.com
Number of Employees
Location
- Coca-Cola HBC AG
- Turmstrasse 26
- Steinhausen
- Zug
- 6312
- Switzerland
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 22:19 |
| End of Day Share Price | 2022/01/26 00:00 |
| Earnings | 2021/07/02 |
| 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.