Coca-Cola Europacific Partners plc (CCEP)
Valor JustoFundamental
61
Precio
$101.71
Capitalización Bursátil
$44.14B
Parte 1 · Cuánto vale la empresa
Resumen
Coca-Cola Europacific Partners does not make Coca-Cola's recipe or set its marketing; it is the independent bottler that turns concentrate supplied by The Coca-Cola Company into finished drinks and gets them onto shelves and into fridges across Europe, Australia, the Pacific and Indonesia. It owns the factories, trucks and delivery routes, negotiates with individual retailers, and also bottles some Coca-Cola-owned brands like Costa Coffee alongside sparkling and still drinks under long-term bottling agreements.
Cómo genera ingresos
Revenue is unit case volume multiplied by price, shaped by which brands, package sizes and sales channels each case comes from: a can sold through a vending machine or a bar earns a different margin than a large bottle sold in a supermarket. CCEP owns the manufacturing, packaging and delivery, letting it capture wholesale and retail margin, but it pays for concentrate and shares brand investment with The Coca-Cola Company, so its own pricing and product decisions stay bounded by the bottling agreement.
Ingresos por segmento
Bottling and distribution across most of Western and parts of Central Europe, CCEP's original and largest geography.
Bottling and distribution in Australia, the Pacific islands, the Philippines and Indonesia, added through mergers that turned CCEP from a European into a global bottler.
Ventaja competitiva
Escala · EstrechaOwning the region's densest bottling plants and delivery routes for Coca-Cola brands is expensive to replicate, and the long-term bottling agreements give CCEP exclusivity in its territories. The advantage is narrow rather than wide because it depends entirely on The Coca-Cola Company continuing to want CCEP as its bottler and on Coca-Cola brands themselves staying popular; CCEP has no control over the product's formulation or brand strategy.
Qué impulsa la demanda
DefensivoSoft drinks are a low-ticket, habitual purchase that people keep buying through recessions, which makes overall volume fairly steady. The more variable part is mix: consumers can trade down from premium packages or immediate-consumption channels like bars and vending toward cheaper large-format packs at the supermarket, which lowers average price even if volume holds up.
Riesgos clave
- Dependence on The Coca-Cola Company — Nearly all of CCEP's revenue comes from Coca-Cola-branded products, and it is the sole supplier of the concentrates and syrups needed to make them. Any strategic shift or reputational problem at The Coca-Cola Company affects CCEP directly, and CCEP does not control marketing or product formulation.
- Bottling agreement is not owned outright — CCEP's right to bottle Coca-Cola products rests on long-term agreements rather than owning the brand; the terms of those agreements, including territory and product scope, are negotiated with and can be changed by The Coca-Cola Company.
- Input cost and currency exposure — As a manufacturer operating across many currencies, CCEP is exposed to swings in packaging, sugar and energy costs and to foreign-exchange movements between its many European, Australian and Indonesian markets.
Los argumentos a favor
Buyers argue that owning the exclusive bottling rights for the world's leading soft-drink brand across a large, diversified set of markets provides steady, recession-resistant cash flow, and that continued mix shift toward premium packaging and immediate-consumption channels can keep growing revenue even where volume growth is modest.
Los argumentos en contra
Sellers fear that a business this dependent on a single brand owner has little room to diversify away from decisions made in Atlanta, that rising health consciousness and sugar taxes could weigh on sparkling-drink volumes over time, and that input-cost inflation can compress margins in a business with limited pricing power of its own.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 de septiembre de 2026 with claude-haiku-4-5 — shared with all users
PepsiCo's colas, flavoured carbonates, sports drinks and snack-linked beverage brands fight CCEP for the same supermarket shelf space, restaurant contracts and vending placements across Western Europe, Australia and Indonesia.
Through Orangina, Schweppes, Oasis and Lucozade in Europe and Suntory Oceania's Pepsi, V and Gatorade range in Australia and New Zealand, Suntory sells non-alcoholic drinks in almost exactly the same countries and channels as CCEP.
Asahi Beverages holds the Pepsi and Schweppes bottling rights in Australia and runs a soft-drink and water business built on the same model as CCEP Australia, competing store by store for the same shoppers.
Since Carlsberg absorbed Britvic in January 2025 it bottles Pepsi and owns Robinsons, J2O and Tango in Great Britain, competing head-on with CCEP for the same pubs, retailers and out-of-home accounts.
Red Bull is the leading energy drink in CCEP's European and Australian territories, competing directly with the energy portfolio (Monster, Coca-Cola Energy) that CCEP sells through the same chilled cabinets and convenience outlets.
Balance y Liquidez
Ingresos
$18.92B
Últimos 12 meses hasta el último trimestre publicado — estimación a partir de métricas por acción
Beneficio Neto
$1.95B
Últimos 12 meses hasta el último trimestre publicado — estimación a partir de métricas por acción
Flujo de Caja Libre
$1.58B
Patrimonio Neto Total
$9.43B
Pasivo Total
$12.19B
Ratio de Liquidez
0.89
Cobertura de Intereses
-
Deuda/EBITDA
3.45
Beneficio Por Acción
Ingresos y Beneficio Neto
Flujo de Caja Libre
Desglose de Ingresos
Estado histórico
Márgenes en el tiempo
La deuda en el tiempo
Cuánto pesa la deuda
Cuadro de crecimiento
Crecimiento — Ingresos
Estimación de Valor Justo
Valor Justo
$100.73
Precio Actual
$101.71
Margen de Seguridad
-1.0%
Rango de Valor Justo
$84.33 - $117.13
Dispersión entre los métodos de valoración utilizados, no un intervalo de confianza calibrado estadísticamente.
Métodos de Estimación
Métricas de Valoración
Ratio P/E
22.91
ROE
23.5%
Ratio P/B
5.45
P/FCF
27.89
Margen Bruto
36.3%
ROIC
10.4%
Radar de Rentabilidad
Creación de Valor (Ventaja Competitiva)
ROIC
10.4%
WACC
6.3%
ROIC − WACC
+4.2 pp
El ROIC supera el coste del capital: la empresa está creando valor para los accionistas.
Criterios de Análisis Fundamental
Superado (15)
- Price CAGR 12.25%
- ROIC 10.5%
- Gross Margin 36.3%
- P/FCF 27.89
- Debt/Equity ratio
- Operating Margin 12.7%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- ROE 24.8%
- Revenue Growth 5Y 9.4%
- Analyst Consensus 65% Buy
- PEG Ratio 2.00
- Earnings Quality (OCF/NI) 1.55
- Net Margin Trend 9.3% vs 6.9%
Fallido (6)
- P/B Ratio 5.45
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings Surprise avg -0.1%
- Piotroski F-Score 2/9
No disponible (6)
- EPS data insufficient
- Dividend Payout NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Share Dilution (missing shares data)
Piotroski F-Score
Preocupaciones financieras graves
Calidad de los Beneficios
Alta calidad: beneficios respaldados por efectivo
Dilución de Acciones
Recomprando acciones. Favorable para el accionista
Participaciones institucionales
No hay declaraciones institucionales para esta empresa.
Gobernanza
Equipo Directivo
| Nombre | Cargo | Edad |
|---|---|---|
| Mr. Damian Paul Gammell | CEO & Executive Director | 55 |
| Mr. Ed Walker | Chief Financial Officer | - |
| Ms. Francesca Faure | Chief Information Officer | - |
| Sarah Willett | Vice President of Investor Relations | - |
| Ms. Svetlana Walker | General Counsel & Company Secretary | - |
Riesgo de Auditoría
1
Riesgo del Consejo
7
Riesgo de Compensación
4
Riesgo de Derechos del Accionista
9
Parte 2 · El precio y el momento de entrar
Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.
Latest News
Recent headlines for CCEP, sourced from Markets Gazette.