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CCH

Coca-Cola HBCLSE:CCH Stock Report

Last Price

UK£24.27

Market Cap

UK£8.9b

7D

-7.9%

1Y

12.4%

Updated

26 Jan, 2022

Data

Company Financials +
CCH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health4/6
Dividends3/6

CCH Stock Overview

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages.

Coca-Cola HBC Competitors

Nestlé

SWX:NESN

CHF324.4b

PepsiCo

NasdaqGS:PEP

US$237.1b

Danone

ENXTPA:BN

€36.6b

Primo Water

TSX:PRMW

CA$3.4b

Price History & Performance

Summary of all time highs, changes and price drops for Coca-Cola HBC
Historical stock prices
Current Share PriceUK£24.27
52 Week HighUK£28.10
52 Week LowUK£21.25
Beta1.17
1 Month Change-4.37%
3 Month Change-3.65%
1 Year Change12.36%
3 Year Change-4.00%
5 Year Change34.83%
Change since IPO38.69%

Recent News & Updates

Jan 20
Here's Why I Think Coca-Cola HBC (LON:CCH) Is An Interesting Stock

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...

Jan 09
Returns On Capital Are Showing Encouraging Signs At Coca-Cola HBC (LON:CCH)

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...

Dec 17
Is Coca-Cola HBC (LON:CCH) A Risky Investment?

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

CCHGB BeverageGB Market
7D-7.9%-1.6%-3.0%
1Y12.4%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

Is CCH's price volatile compared to industry and market?
CCH volatility
CCH Average Weekly Movement3.8%
Beverage Industry Average Movement3.8%
Market Average Movement5.2%
10% most volatile stocks in GB Market10.9%
10% least volatile stocks in GB Market2.6%

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

FoundedEmployeesCEOWebsite
196926,000Zoran Bogdanovichttps://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

How do Coca-Cola HBC's earnings and revenue compare to its market cap?
CCH fundamental statistics
Market Cap€10.64b
Earnings (TTM)€524.00m
Revenue (TTM)€6.55b

20.3x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
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 Margin37.75%
Net Profit Margin8.00%
Debt/Equity Ratio101.9%

How did CCH perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

45%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 22:19
End of Day Share Price2022/01/26 00:00
Earnings2021/07/02
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.