Beverages - Non-Alcoholic
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CCEP vs KO
Revenue, margins, valuation, and 5-year total return — side by side.
Beverages - Non-Alcoholic
CCEP vs KO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Beverages - Non-Alcoholic | Beverages - Non-Alcoholic |
| Market Cap | $41.96B | $337.79B |
| Revenue (TTM) | $41.26B | $49.28B |
| Net Income (TTM) | $3.35B | $13.70B |
| Gross Margin | 35.4% | 61.7% |
| Operating Margin | 11.7% | 29.3% |
| Forward P/E | 20.7x | 24.1x |
| Total Debt | $11.22B | $45.49B |
| Cash & Equiv. | $918M | $10.27B |
CCEP vs KO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Coca-Cola Europacif… (CCEP) | 100 | 248.1 | +148.1% |
| The Coca-Cola Compa… (KO) | 100 | 168.1 | +68.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CCEP vs KO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CCEP is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth -1.8%, EPS growth 32.8%, 3Y rev CAGR 5.0%
- 130.4% 10Y total return vs KO's 112.2%
- PEG 0.68 vs KO's 2.16
KO carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 35 yrs, beta -0.09, yield 2.6%
- Lower volatility, beta -0.09, current ratio 1.46x
- Beta -0.09, yield 2.6%, current ratio 1.46x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 1.9% revenue growth vs CCEP's -1.8% | |
| Value | Lower P/E (20.7x vs 24.1x), PEG 0.68 vs 2.16 | |
| Quality / Margins | 27.8% margin vs CCEP's 8.1% | |
| Stability / Safety | Lower D/E ratio (132.7% vs 135.2%) | |
| Dividends | 2.6% yield, 35-year raise streak, vs CCEP's 2.4% | |
| Momentum (1Y) | +12.3% vs CCEP's +6.7% | |
| Efficiency (ROA) | 13.1% ROA vs CCEP's 11.2%, ROIC 15.8% vs 10.4% |
CCEP vs KO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
CCEP vs KO — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
KO leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
KO and CCEP operate at a comparable scale, with $49.3B and $41.3B in trailing revenue. KO is the more profitable business, keeping 27.8% of every revenue dollar as net income compared to CCEP's 8.1%. On growth, KO holds the edge at +12.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $41.3B | $49.3B |
| EBITDAEarnings before interest/tax | $6.7B | $15.5B |
| Net IncomeAfter-tax profit | $3.4B | $13.7B |
| Free Cash FlowCash after capex | $4.4B | $12.6B |
| Gross MarginGross profit ÷ Revenue | +35.4% | +61.7% |
| Operating MarginEBIT ÷ Revenue | +11.7% | +29.3% |
| Net MarginNet income ÷ Revenue | +8.1% | +27.8% |
| FCF MarginFCF ÷ Revenue | +10.7% | +25.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -0.6% | +12.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +69.4% | +18.2% |
Valuation Metrics
CCEP leads this category, winning 7 of 7 comparable metrics.
Valuation Metrics
At 19.6x trailing earnings, CCEP trades at a 24% valuation discount to KO's 25.8x P/E. Adjusting for growth (PEG ratio), CCEP offers better value at 0.65x vs KO's 2.31x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $42.0B | $337.8B |
| Enterprise ValueMkt cap + debt − cash | $54.0B | $373.0B |
| Trailing P/EPrice ÷ TTM EPS | 19.57x | 25.82x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.67x | 24.12x |
| PEG RatioP/E ÷ EPS growth rate | 0.65x | 2.31x |
| EV / EBITDAEnterprise value multiple | 13.32x | 25.18x |
| Price / SalesMarket cap ÷ Revenue | 1.79x | 7.05x |
| Price / BookPrice ÷ Book value/share | 4.40x | 9.88x |
| Price / FCFMarket cap ÷ FCF | 18.43x | 63.78x |
Profitability & Efficiency
KO leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
KO delivers a 41.1% return on equity — every $100 of shareholder capital generates $41 in annual profit, vs $40 for CCEP. KO carries lower financial leverage with a 1.33x debt-to-equity ratio, signaling a more conservative balance sheet compared to CCEP's 1.35x. On the Piotroski fundamental quality scale (0–9), KO scores 7/9 vs CCEP's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +40.4% | +41.1% |
| ROA (TTM)Return on assets | +11.2% | +13.1% |
| ROICReturn on invested capital | +10.4% | +15.8% |
| ROCEReturn on capital employed | +11.4% | +17.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 1.35x | 1.33x |
| Net DebtTotal debt minus cash | $10.3B | $35.2B |
| Cash & Equiv.Liquid assets | $918M | $10.3B |
| Total DebtShort + long-term debt | $11.2B | $45.5B |
| Interest CoverageEBIT ÷ Interest expense | 9.78x | 10.70x |
Total Returns (Dividends Reinvested)
CCEP leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CCEP five years ago would be worth $18,523 today (with dividends reinvested), compared to $16,268 for KO. Over the past 12 months, KO leads with a +12.3% total return vs CCEP's +6.7%. The 3-year compound annual growth rate (CAGR) favors CCEP at 15.1% vs KO's 9.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +6.0% | +14.3% |
| 1-Year ReturnPast 12 months | +6.7% | +12.3% |
| 3-Year ReturnCumulative with dividends | +52.3% | +31.8% |
| 5-Year ReturnCumulative with dividends | +85.2% | +62.7% |
| 10-Year ReturnCumulative with dividends | +130.4% | +112.2% |
| CAGR (3Y)Annualised 3-year return | +15.1% | +9.6% |
Risk & Volatility
KO leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
KO is the less volatile stock with a -0.09 beta — it tends to amplify market swings less than CCEP's 0.13 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. KO currently trades 95.7% from its 52-week high vs CCEP's 84.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.13x | -0.09x |
| 52-Week HighHighest price in past year | $110.90 | $82.00 |
| 52-Week LowLowest price in past year | $84.66 | $65.35 |
| % of 52W HighCurrent price vs 52-week peak | +84.3% | +95.7% |
| RSI (14)Momentum oscillator 0–100 | 38.8 | 57.3 |
| Avg Volume (50D)Average daily shares traded | 1.7M | 13.5M |
Analyst Outlook
KO leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CCEP as "Buy" and KO as "Buy". Consensus price targets imply 18.2% upside for CCEP (target: $111) vs 9.2% for KO (target: $86). For income investors, KO offers the higher dividend yield at 2.59% vs CCEP's 2.44%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $110.60 | $85.71 |
| # AnalystsCovering analysts | 28 | 48 |
| Dividend YieldAnnual dividend ÷ price | +2.4% | +2.6% |
| Dividend StreakConsecutive years of raises | 0 | 35 |
| Dividend / ShareAnnual DPS | $1.95 | $2.04 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.8% | +0.2% |
KO leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CCEP leads in 2 (Valuation Metrics, Total Returns).
CCEP vs KO: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CCEP or KO a better buy right now?
For growth investors, The Coca-Cola Company (KO) is the stronger pick with 1.
9% revenue growth year-over-year, versus -1. 8% for Coca-Cola Europacific Partners PLC (CCEP). Coca-Cola Europacific Partners PLC (CCEP) offers the better valuation at 19. 6x trailing P/E (20. 7x forward), making it the more compelling value choice. Analysts rate Coca-Cola Europacific Partners PLC (CCEP) a "Buy" — based on 28 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CCEP or KO?
On trailing P/E, Coca-Cola Europacific Partners PLC (CCEP) is the cheapest at 19.
6x versus The Coca-Cola Company at 25. 8x. On forward P/E, Coca-Cola Europacific Partners PLC is actually cheaper at 20. 7x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Coca-Cola Europacific Partners PLC wins at 0. 68x versus The Coca-Cola Company's 2. 16x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — CCEP or KO?
Over the past 5 years, Coca-Cola Europacific Partners PLC (CCEP) delivered a total return of +85.
2%, compared to +62. 7% for The Coca-Cola Company (KO). Over 10 years, the gap is even starker: CCEP returned +130. 4% versus KO's +112. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CCEP or KO?
By beta (market sensitivity over 5 years), The Coca-Cola Company (KO) is the lower-risk stock at -0.
09β versus Coca-Cola Europacific Partners PLC's 0. 13β — meaning CCEP is approximately -243% more volatile than KO relative to the S&P 500. On balance sheet safety, The Coca-Cola Company (KO) carries a lower debt/equity ratio of 133% versus 135% for Coca-Cola Europacific Partners PLC — giving it more financial flexibility in a downturn.
05Which is growing faster — CCEP or KO?
By revenue growth (latest reported year), The Coca-Cola Company (KO) is pulling ahead at 1.
9% versus -1. 8% for Coca-Cola Europacific Partners PLC (CCEP). On earnings-per-share growth, the picture is similar: Coca-Cola Europacific Partners PLC grew EPS 32. 8% year-over-year, compared to 23. 6% for The Coca-Cola Company. Over a 3-year CAGR, CCEP leads at 5. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CCEP or KO?
The Coca-Cola Company (KO) is the more profitable company, earning 27.
3% net margin versus 9. 3% for Coca-Cola Europacific Partners PLC — meaning it keeps 27. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KO leads at 28. 7% versus 12. 9% for CCEP. At the gross margin level — before operating expenses — KO leads at 61. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CCEP or KO more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Coca-Cola Europacific Partners PLC (CCEP) is the more undervalued stock at a PEG of 0. 68x versus The Coca-Cola Company's 2. 16x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Coca-Cola Europacific Partners PLC (CCEP) trades at 20. 7x forward P/E versus 24. 1x for The Coca-Cola Company — 3. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CCEP: 18. 2% to $110. 60.
08Which pays a better dividend — CCEP or KO?
All stocks in this comparison pay dividends.
The Coca-Cola Company (KO) offers the highest yield at 2. 6%, versus 2. 4% for Coca-Cola Europacific Partners PLC (CCEP).
09Is CCEP or KO better for a retirement portfolio?
For long-horizon retirement investors, The Coca-Cola Company (KO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
09), 2. 6% yield, +112. 2% 10Y return). Both have compounded well over 10 years (KO: +112. 2%, CCEP: +130. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CCEP and KO?
Both stocks operate in the Consumer Defensive sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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