Coca-Cola HBC AG

ATSE:EEE Stock Report

Market Cap: €12.2b

Coca-Cola HBC Valuation

Is EEE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EEE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EEE (€33.74) is trading below our estimate of fair value (€53.52)

Significantly Below Fair Value: EEE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EEE?

Key metric: As EEE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EEE. This is calculated by dividing EEE's market cap by their current earnings.
What is EEE's PE Ratio?
PE Ratio19.3x
Earnings€632.40m
Market Cap€12.19b

Price to Earnings Ratio vs Peers

How does EEE's PE Ratio compare to its peers?

The above table shows the PE ratio for EEE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.1x
AC * Arca Continental. de
15.9x8.0%Mex$299.7b
COKE Coca-Cola Consolidated
20.8xn/aUS$11.0b
2587 Suntory Beverage & Food
15.8x4.3%JP¥1.6t
KOF Coca-Cola FEMSA. de
15.6x12.1%US$16.6b
EEE Coca-Cola HBC
19.3x11.9%€10.1b

Price-To-Earnings vs Peers: EEE is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the peer average (17.1x).

Price to Earnings Ratio vs Industry

How does EEE's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EEE 19.3xIndustry Avg. 17.3xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EEE is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the European Beverage industry average (17.2x).

Price to Earnings Ratio vs Fair Ratio

What is EEE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EEE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EEE's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EEE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€33.74
€34.62
+2.6%
9.4%€38.20€27.86n/a14
Nov ’25€32.60
€34.45
+5.7%
9.5%€38.23€27.86n/a14
Oct ’25€31.92
€33.70
+5.6%
9.3%€37.92€27.41n/a14
Sep ’25€33.32
€33.73
+1.2%
8.0%€37.92€27.41n/a14
Aug ’25€34.00
€33.46
-1.6%
8.5%€37.89€27.75n/a14
Jul ’25€31.94
€33.02
+3.4%
8.1%€37.60€27.48n/a14
Jun ’25€31.28
€32.60
+4.2%
8.1%€35.14€27.48n/a14
May ’25€30.36
€32.60
+7.4%
8.0%€35.14€27.48n/a14
Apr ’25€29.50
€32.05
+8.6%
8.1%€35.01€27.47n/a14
Mar ’25€28.51
€31.74
+11.3%
8.1%€35.10€27.47n/a15
Feb ’25€27.12
€30.13
+11.1%
9.4%€34.76€26.23n/a15
Jan ’25€26.42
€29.77
+12.7%
9.9%€34.67€25.88n/a15
Dec ’24€25.77
€29.64
+15.0%
11.1%€35.66€25.88n/a14
Nov ’24€24.54
€30.00
+22.2%
10.5%€35.77€25.88€32.6014
Oct ’24€26.14
€31.49
+20.5%
10.0%€36.72€26.73€31.9215
Sep ’24€26.40
€31.74
+20.2%
9.2%€36.49€26.73€33.3217
Aug ’24€26.74
€31.88
+19.2%
10.8%€36.92€23.66€34.0016
Jul ’24€27.34
€30.74
+12.4%
9.9%€34.55€23.66€31.9417
Jun ’24€27.69
€30.62
+10.6%
10.1%€34.55€23.66€31.2817
May ’24€27.40
€28.34
+3.4%
11.3%€34.17€23.66€30.3615
Apr ’24€25.23
€27.57
+9.3%
9.6%€31.72€23.66€29.5014
Mar ’24€24.28
€27.55
+13.5%
9.7%€31.70€23.66€28.5114
Feb ’24€22.48
€26.43
+17.6%
8.3%€30.74€23.66€27.1214
Jan ’24€22.60
€27.95
+23.7%
10.3%€33.85€23.85€26.4213
Dec ’23€23.73
€27.91
+17.6%
10.2%€33.85€23.85€25.7713
Nov ’23€21.88
€27.25
+24.6%
9.9%€31.42€21.70€24.5413

Analyst Forecast: Target price is less than 20% higher than the current share price.

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