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CCH

Coca-Cola HBCLSE:CCH Stock Report

Market Cap

UK£8.6b

7D

-5.0%

1Y

7.3%

Updated

26 Nov, 2021

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

CHF331.4b

PepsiCo

NasdaqGS:PEP

US$222.8b

Danone

ENXTPA:BN

€35.4b

Primo Water

TSX:PRMW

CA$3.6b

Price History & Performance

Summary of all time highs, changes and price drops for Coca-Cola HBC
Historical stock prices
Current Share PriceUK£23.43
52 Week HighUK£28.10
52 Week LowUK£21.25
Beta1.14
1 Month Change-5.22%
3 Month Change-10.78%
1 Year Change7.33%
3 Year Change0.39%
5 Year Change43.57%
Change since IPO33.89%

Recent News & Updates

Nov 15
Should You Investigate Coca-Cola HBC AG (LON:CCH) At UK£25.73?

Should You Investigate Coca-Cola HBC AG (LON:CCH) At UK£25.73?

Today we're going to take a look at the well-established Coca-Cola HBC AG ( LON:CCH ). The company's stock received a...

Oct 13
If You Like EPS Growth Then Check Out Coca-Cola HBC (LON:CCH) Before It's Too Late

If You Like EPS Growth Then Check Out Coca-Cola HBC (LON:CCH) Before It's Too Late

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Oct 01
Coca-Cola HBC (LON:CCH) Is Experiencing Growth In Returns On Capital

Coca-Cola HBC (LON:CCH) Is Experiencing Growth In Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...

Sep 10
We Think Coca-Cola HBC (LON:CCH) Can Stay On Top Of Its Debt

We Think Coca-Cola HBC (LON:CCH) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Aug 31
Calculating The Intrinsic Value Of Coca-Cola HBC AG (LON:CCH)

Calculating The Intrinsic Value Of Coca-Cola HBC AG (LON:CCH)

How far off is Coca-Cola HBC AG ( LON:CCH ) from its intrinsic value? Using the most recent financial data, we'll take...

Shareholder Returns

CCHGB BeverageGB Market
7D-5.0%0.4%-1.3%
1Y7.3%30.1%17.9%

Return vs Industry: CCH underperformed the UK Beverage industry which returned 30.1% over the past year.

Return vs Market: CCH underperformed the UK Market which returned 17.9% over the past year.

Price Volatility

Is CCH's price volatile compared to industry and market?
CCH volatility
CCH Average Weekly Movement3.2%
Beverage Industry Average Movement3.2%
Market Average Movement4.8%
10% most volatile stocks in GB Market9.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: CCH is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CCH's weekly volatility (3%) 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€10.08b
Earnings (TTM)€524.00m
Revenue (TTM)€6.55b

19.2x

P/E Ratio

1.5x

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

2.3%

Current Dividend Yield

45%

Payout Ratio

Valuation

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

30.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCH (£23.43) is trading below our estimate of fair value (£33.63)

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 (19.2x) compared to the UK Beverage industry average (34x).

PE vs Market: CCH is good value based on its PE Ratio (19.2x) compared to the UK market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: CCH is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: CCH is good value based on its PB Ratio (3.7x) compared to the GB Beverage industry average (3.9x).


Future Growth

How is Coca-Cola HBC forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

9.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCH's forecast earnings growth (9.7% per year) is above the savings rate (0.9%).

Earnings vs Market: CCH's earnings (9.7% per year) are forecast to grow slower than the UK market (11.5% per year).

High Growth Earnings: CCH's earnings are forecast to grow, but not significantly.

Revenue vs Market: CCH's revenue (6.8% per year) is forecast to grow faster than the UK market (5.7% per year).

High Growth Revenue: CCH's revenue (6.8% 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%).


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 4.7%.


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?

2.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CCH's dividend (2.32%) is higher than the bottom 25% of dividend payers in the UK market (1.35%).

High Dividend: CCH's dividend (2.32%) is low compared to the top 25% of dividend payers in the UK market (4.03%).


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 (44.7% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Food, Beverage & Tobacco industry.

Management

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

3.3yrs

Average management tenure


CEO

Zoran Bogdanovic (49 yo)

3.92yrs

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 ($USD3.57M) is about average for companies of similar size in the UK market ($USD3.65M).

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 (3.3 years average tenure).


Board Members

Experienced Board: CCH's board of directors are considered experienced (5.4 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.


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
  • Market Cap: UK£8.564b
  • Shares outstanding: 365.51m
  • 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 Analysis2021/11/26 21:19
End of Day Share Price2021/11/26 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.