Coca-Cola Europacific Partners PLC
- Open
- 107.92
- Day high
- 108.94
- Day low
- 107.82
- Prev close
- 107.78
- Volume
- 75K
- Mkt cap
- $47.8B
- P/E (TTM)
- 12.0
- EPS (TTM)
- $9.02
- P/B
- 5.0
- P/S
- 1.0
- Yield
- 2.20%
- Per share
- $2.38
Coca-Cola Europacific Partners PLC (CCEP) is a Consumer Defensive company listed on NASDAQ. The stock is up 25% over the past year. Drillr has 1 published research article covering CCEP.
Coca-Cola Europacific Partners PLC (CCEP) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CCEP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $2.47 | $2.51 | +1.6% | $12.2B | +0.2% |
| Aug 6, 2025 | $2.41 | $2.38 | -1.2% | $12.0B | -0.6% |
| Mar 21, 2025 | $2.03 | $2.05 | +1.0% | $11.0B | +0.1% |
| May 24, 2024 | $2.00 | $2.05 | +2.5% | $10.3B | -1.2% |
| Nov 1, 2023 | $1.93 | $2.03 | +5.2% | $9.8B | +76.8% |
| May 25, 2023 | $1.88 | $1.98 | +5.3% | $9.7B | +0.4% |
| Nov 2, 2022 | $1.59 | $1.59 | +0.0% | $9.0B | +8.1% |
| Apr 14, 2022 | $1.96 | $1.87 | -4.6% | $9.1B | +2.4% |
| Apr 28, 2020 | $0.30 | $1.41 | +370.0% | $7.0B | +0.4% |
| Nov 15, 2019 | $0.81 | $1.37 | +69.1% | $7.4B | — |
| Feb 14, 2019 | $0.37 | $0.62 | +67.6% | $7.3B | — |
| Oct 25, 2018 | $0.75 | $0.76 | +1.3% | $6.3B | +94.4% |
Coca-Cola Europacific Partners PLC company profile
Overview
Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) is one of the world's largest independent Coca-Cola bottlers, serving as the exclusive bottling partner for The Coca-Cola Company across a vast geographic territory spanning Europe, Australia, New Zealand, Indonesia, and the Philippines. Founded in 1986 and originally known as Coca-Cola European Partners, the company underwent a significant transformation in 2021 when it expanded beyond Europe through strategic acquisitions, prompting its name change to reflect its broader Europacific footprint. Today, CCEP serves approximately 600 million consumers across 29 countries, operating as a crucial link in the global Coca-Cola system's value chain by manufacturing, distributing, and marketing the world's most recognizable beverage brands.
Business
CCEP operates in the non-alcoholic ready-to-drink beverage industry, functioning as an independent bottling partner within The Coca-Cola Company's franchise system. The company's core business involves manufacturing, packaging, distributing, and selling a comprehensive portfolio of beverages under license from The Coca-Cola Company and other brand owners. The company's product portfolio spans multiple beverage categories. Sparkling soft drinks represent the largest segment, featuring iconic brands like Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Fanta, and Sprite. These carbonated beverages are manufactured using concentrate supplied by The Coca-Cola Company, combined with local water and sweeteners. The energy drinks category includes Monster Energy, Coca-Cola Energy, Relentless, and other high-caffeine beverages targeting active consumers. Sports and hydration drinks encompass brands like POWERADE and AQUARIUS, designed for athletic performance and recovery. The company also produces water and enhanced water products including smartwater, Chaudfontaine, and various mineral water brands, as well as juices and ready-to-drink teas and coffees such as Minute Maid, Costa Coffee, and Fuzetea. Additionally, CCEP has been expanding into the alcoholic ready-to-drink (ARTD) segment, representing a strategic diversification beyond traditional non-alcoholic beverages. Geographically, the business operates through two primary segments: Europe (representing approximately 80% of revenue) covers major markets including Great Britain, France, Germany, Spain, and other European countries, while the Australia Pacific Southeast Asia (APS) segment (approximately 20% of revenue) includes Australia, New Zealand, Indonesia, and the recently acquired Philippines operations.
Competitive moat
CCEP's competitive moat stems primarily from its exclusive territorial rights as The Coca-Cola Company's bottling partner across its regions. This franchise system creates significant barriers to entry, as competitors cannot legally manufacture or distribute Coca-Cola products within CCEP's territories. The strength of the Coca-Cola brand portfolio, particularly the flagship Coca-Cola brand which commands premium pricing and consumer loyalty, provides substantial competitive advantages that are extremely difficult to replicate. The company benefits from extensive distribution infrastructure built over decades, including manufacturing facilities, distribution centers, delivery fleets, and customer relationships that would require massive capital investment for competitors to duplicate. CCEP's scale advantages enable efficient procurement, manufacturing, and distribution that smaller players cannot match. However, the moat faces several challenges. The company is heavily dependent on The Coca-Cola Company for concentrate supply, brand management, and strategic direction, limiting its independent strategic flexibility. Consumer trends toward healthier beverages, reduced sugar consumption, and premium alternatives create ongoing pressure on traditional carbonated soft drink volumes. The rise of private label beverages, specialty drink companies, and direct-to-consumer brands provides consumers with increasing alternatives. Regulatory pressures including sugar taxes and environmental regulations add complexity and costs. The company also faces exposure to economic cycles, as beverage consumption can decline during economic downturns, particularly in away-from-home channels. While CCEP's geographic diversification provides some protection, the company remains vulnerable to regional economic weakness and currency fluctuations. Overall, CCEP maintains a moderately strong moat due to its franchise rights and infrastructure advantages, but faces ongoing challenges from changing consumer preferences and market dynamics that require continuous adaptation and investment.
Risks & safety
CCEP demonstrates a moderate margin of safety with generally stable financial metrics but some areas of concern regarding liquidity and leverage. **Cash and Debt Position:** - Cash and short-term investments: €1.69 billion as of Q4 2024 - Current ratio: 0.81 (below 1.0, indicating potential short-term liquidity pressure) - Quick ratio: 0.62 (relatively low liquidity position) - Debt-to-equity ratio: 1.33 (moderate leverage within target range) - Target leverage: 2.5-3.0x EBITDA (currently within range) - Strong free cash flow generation: €2.46 billion in 2024 **Valuation Metrics:** - P/E ratio: 24.1 (reasonable for a stable consumer staple) - EV/EBITDA: 13.4 (moderate valuation multiple) - Price-to-book: 4.0 (elevated but typical for franchise businesses) - ROE: 16.7% (healthy return on equity) **Other Considerations:** - Predictable cash flows from essential consumer products provide stability - Geographic diversification reduces concentration risk - Seasonal working capital needs may explain lower current ratio - Strong operational cash flow supports dividend payments and share buybacks
Recent development
Over the past few years, CCEP has executed a significant geographic expansion strategy, transforming from a primarily European operation to a truly Europacific company. The most notable development was the 2021 acquisition of Coca-Cola Amatil's operations, adding Australia, New Zealand, Indonesia, and other Pacific markets to its portfolio. This was followed by the 2023 acquisition of a majority stake in Coca-Cola Beverage Philippines, further diversifying the company's geographic footprint and reducing dependence on European markets. The company has pursued aggressive operational efficiency initiatives, launching programs targeting €350-400 million in cost savings by 2028. These efforts focus on supply chain optimization, digital transformation, and operational streamlining across the expanded geographic footprint. CCEP has made substantial investments in digital capabilities, with 85% of volume now captured digitally, enabling better customer service and operational insights. Portfolio diversification represents another key strategic focus, with CCEP expanding beyond traditional carbonated soft drinks into faster-growing categories. The company has invested heavily in energy drinks (Monster Energy showing 14% volume growth), sports drinks, and ready-to-drink teas and coffees. Most notably, CCEP has entered the alcoholic ready-to-drink (ARTD) segment, representing a significant strategic shift into adjacent beverage categories. Sustainability initiatives have become increasingly central to operations, with CCEP achieving 55% recycled plastic content, validating science-based carbon emission targets, and earning recognition including CDP A-List status and MSCI AAA ESG rating. The company has also focused on premiumization strategies while maintaining affordable options, balancing revenue growth with consumer accessibility during inflationary periods.
CCEP company profile · for informational purposes only — not investment advice.
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