company background image
CCH

Coca-Cola HBCLSE:CCH Stock Report

Market Cap

UK£9.0b

7D

3.2%

1Y

7.6%

Updated

08 Dec, 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

CHF340.5b

PepsiCo

NasdaqGS:PEP

US$230.2b

Danone

ENXTPA:BN

€34.5b

Primo Water

TSX:PRMW

CA$3.5b

Price History & Performance

Summary of all time highs, changes and price drops for Coca-Cola HBC
Historical stock prices
Current Share PriceUK£24.58
52 Week HighUK£28.10
52 Week LowUK£21.25
Beta1.15
1 Month Change-3.57%
3 Month Change-0.97%
1 Year Change7.62%
3 Year Change0.53%
5 Year Change52.20%
Change since IPO40.46%

Recent News & Updates

Dec 06
An Intrinsic Calculation For Coca-Cola HBC AG (LON:CCH) Suggests It's 28% Undervalued

An Intrinsic Calculation For Coca-Cola HBC AG (LON:CCH) Suggests It's 28% Undervalued

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

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...

Shareholder Returns

CCHGB BeverageGB Market
7D3.2%3.2%1.4%
1Y7.6%30.0%12.1%

Return vs Industry: CCH underperformed the UK Beverage industry which returned 32% over the past year.

Return vs Market: CCH underperformed the UK Market which returned 12.4% over the past year.

Price Volatility

Is CCH's price volatile compared to industry and market?
CCH volatility
CCH Average Weekly Movement3.6%
Beverage Industry Average Movement4.8%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.0%
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€10.50b
Earnings (TTM)€524.00m
Revenue (TTM)€6.55b

20.0x

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?

26.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCH (£24.58) is trading below our estimate of fair value (£33.44)

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 (20x) compared to the UK Beverage industry average (38x).

PE vs Market: CCH is poor value based on its PE Ratio (20x) compared to the UK market (19.4x).


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's PB Ratio (3.9x) is in line with the GB Beverage industry average.


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 (12.6% 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 (4.8% 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 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?

2.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CCH's dividend (2.23%) is higher than the bottom 25% of dividend payers in the UK market (1.36%).

High Dividend: CCH's dividend (2.23%) is low compared to the top 25% of dividend payers in the UK market (4.11%).


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

Management

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

3.3yrs

Average management tenure


CEO

Zoran Bogdanovic (49 yo)

4yrs

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 ($USD3.58M) is about average for companies of similar size in the UK market ($USD3.54M).

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 (5.5 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
  • Market Cap: UK£8.993b
  • Shares outstanding: 365.87m
  • 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 Analysis2021/12/08 21:56
End of Day Share Price2021/12/08 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.