Coca-Cola Europacific Partners PLC

CCEP

NASDAQ · Non-Alcoholic Beverages

$116.13

At close - Nov 6, 4:00 PM EST - USD

Market Cap$51.47B

P/E25.5x

52W High$119.09

Volume1.98M

VCP Research Verdict2026Q2

Stable Margins Mask Decelerating Growth and Leverage

CCEP presents a stable yet decelerating growth profile, with TTM revenue growth at 2.3% and gross margins holding near 35.3%. The company's operating leverage is improving, as evidenced by an operating margin of 13.6% in 2026Q2, but elevated leverage (D/E of 1.39) and thin liquidity (current ratio of 0.89) warrant…

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MARKET ACTION

CCEP price & volume

Price trend, volume and key moving averages

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Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis

Fundamental Trajectory

Revenue growth has decelerated to 2.3% TTM, yet operating margin expanded to 13.6% in 2026Q2, reflecting stable gross margins of 35.3% and improved SG&A efficiency.

Analyst Consensus-4.4% target

Buy(28 analysts)

14 Buy12 Hold2 Sell

The Bull Case

Upside Catalysts

Revenue and profit growth

FY2025 revenue reached €20.9bn, up 2.8%, with comparable operating profit rising 7.1% and operating margin expanding to 13.4%.

Strong cash flow generation

The business continues to generate significant free cash flow, with €1.8bn reported, indicating robust financial health.

Market share expansion

Coca-Cola Europacific Partners is growing its share ahead of the market, as evidenced by strong Q1 2026 trading updates.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return

CCEP+32.58%

S&P 500 (^GSPC)+7.63%

1-Year Return

CCEP+33.31%

S&P 500 (^GSPC)+9.69%

3-Year Return

CCEP+102.07%

S&P 500 (^GSPC)+67.08%

5-Year Return

CCEP+130.69%

S&P 500 (^GSPC)+55.26%

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis

Trailing P/E5Y High

25.5x

Forward P/E

26.5x

EV/EBITDA80th %ile

15.1x

FCF YieldCash Flow

4.8%

Valuation vs 5-Year History

Multiple Range

Metric

Current

5Y Median

Historical Range

Percentile

P/E

25.5x

22.2x

80th· High

EV/EBITDA

15.1x

13.8x

80th· High

Price/FCF

21.0x

14.5x

100th· High

Current Multiple

5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection

Bear$138.73+19.5%

Base (Fair)$248.84+114.3%

Bull$465.45+300.8%

$138.73 Bear$248.84 Base$465.45 Bull

Current Market Price: $116.13

Trades at a 53.3% discount to Base DCF ($248.84)

Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend

Revenue FY25

$20.9B+2.3% YoY

Net income FY25

$1.94B+37.0% YoY

Free cash flow FY25

$2.2B-3.0% YoY

Operating margin FY25

13.4%+2.9 pts YoY

ROIC (FY25)11.4%

Avg ROIC 5Y9.2%

ROE (FY25)22.5%

Piotroski Score7 / 9

Financial Statements →

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History

EPS Beat Rate11/12 (92%)

Revenue Beat Rate4/12 (33%)

Quarter	EPS (Act vs Est)	Revenue (Act vs Est)
Q3 2026Latest Aug 4, 2026	$2.51+1.6% vs $2.47	$12.2B+0.2% vs $12.2B
Q1 2026 Feb 17, 2026	$2.45+2.1% vs $2.40	$12.5B-0.5% vs $12.5B
Q3 2025 Aug 6, 2025	$2.38-1.2% vs $2.41	$12.0B-0.6% vs $12.1B
Q2 2025 Mar 21, 2025	$2.05+1.0% vs $2.03	$11.1B+1.0% vs $11.0B

Historical baseline: 12 quarters analyzedGAAP / Adjusted

MARKET COVERAGE

Latest News

4 Stories

Defense World·3d ago

What Coca-Cola Europacific Partners (CCEP) Said on Its Q3 Earnings Call

Coca-Cola Europacific Partners (NASDAQ: CCEP) reported third-quarter revenue growth of 5.8% on a comparable, foreign-exchange-neutral basis, supported by a 3.6% increase in volume and improved revenue per unit case. Chief Executive Officer Damian Gammell said the company's performance remained balanced across regions, channels and product categories, while management reaffirmed its full-year guidance. Gammell said volume and

Seeking Alpha·4d ago

Coca-Cola Europacific Partners PLC (CCEP) Q3 2026 Sales/Trading Call Transcript

Reuters·5d ago

Bottler Coca-Cola Europacific Partners flags cost pressures, keeps outlook

Nov 3 (Reuters) - Bottling firm Coca-Cola Europacific Partners (CCEPC.

Zacks Investment Research·Oct 23, 2026

CCEP Rallies 13.9% in the Past Month. Can Strong Momentum Continue?

CCEP's 13.9% monthly rally reflects strong category growth, wider distribution and Asian expansion, but premium valuation and rising costs could limit further gains.

Filtered for Coca-Cola Europacific Partners PLCMore Headlines

Compare before deciding

Benchmark CCEP against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Coca-Cola Europacific Partners PLC (CCEP)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
CCEPCoca-Cola Europacific Partners PLCCurrent	$116.13	$51.47B	25.47	2.27%	9.29%	22.47%	1.87%
KOThe Coca-Cola Company	$95.67	$411.62B	28.21	1.87%	28.65%	39.58%	2.13%
PEPPepsiCo, Inc.	$141.34	$193.07B	17.71	2.25%	11.1%	50.24%	3.94%
MNSTMonster Beverage Corporation	$45.72	$89.43B	41.69	10.7%	22.66%	24.01%	—
FIZZNational Beverage Corp.	$37.14	$3.48B	19.89	-1.73%	14.81%	32.6%	—
CELHCelsius Holdings, Inc.	$32.16	$8.22B	27.49	85.54%	9.41%	11.71%	0.49%

Compare CCEP vs Peers

Coca-Cola Europacific Partners PLC (CCEP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KO

Most directly comparable listed peer for CCEP.

Scale Benchmark

vs MCD

Larger-name benchmark to compare CCEP against a more recognizable public peer.

Peer Set

Compare Top 5

vs KO, PEP, MNST, FIZZ

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CCEP Frequently Asked Questions

Coca-Cola Europacific Partners PLC (CCEP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Coca-Cola Europacific Partners PLC's revenue?

Coca-Cola Europacific Partners PLC (CCEP) reported $20.90B in revenue in fiscal year 2025. That is 228% more than the $6.36B of fiscal year 1996.

How fast is Coca-Cola Europacific Partners PLC growing?

Coca-Cola Europacific Partners PLC (CCEP) grew revenue by 2.3% in fiscal year 2025, compared with the prior fiscal year.

Is CCEP profitable?

Yes. Coca-Cola Europacific Partners PLC (CCEP) earned $1.94B in net income in fiscal year 2025 (a 9.3% net margin).

Dividend & Returns

Does CCEP pay dividends?

Yes. Coca-Cola Europacific Partners PLC (CCEP) pays a dividend that yields 1.87% at the current price, a moderate yield.

What is CCEP's return on equity?

Coca-Cola Europacific Partners PLC (CCEP) had a return on equity (ROE) of 22.5% in fiscal year 2025. That is well above the market's typical 10-15%.

What is Coca-Cola Europacific Partners PLC's free cash flow?

Coca-Cola Europacific Partners PLC (CCEP) generated $2.20B in free cash flow in fiscal year 2025.

What if you invested $1,000 in CCEP back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Stable Margins Mask Decelerating Growth and Leverage

Quarter

EPS (Act vs Est)

Revenue (Act vs Est)

Q3 2026Latest

Aug 4, 2026

$2.51+1.6%

vs $2.47

$12.2B+0.2%

vs $12.2B

Q1 2026

Feb 17, 2026

$2.45+2.1%

vs $2.40

$12.5B-0.5%

vs $12.5B

Q3 2025

Aug 6, 2025

$2.38-1.2%

vs $2.41

$12.0B-0.6%

vs $12.1B

Q2 2025

Mar 21, 2025

$2.05+1.0%

vs $2.03

$11.1B+1.0%

vs $11.0B

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

CCEPCoca-Cola Europacific Partners PLCCurrent

$116.13

$51.47B

25.47

2.27%

9.29%

22.47%

1.87%

KOThe Coca-Cola Company

$95.67

$411.62B

28.21

1.87%

28.65%

39.58%

2.13%

PEPPepsiCo, Inc.

$141.34

$193.07B

17.71

2.25%

11.1%

50.24%

3.94%

MNSTMonster Beverage Corporation

$45.72

$89.43B

41.69

10.7%

22.66%

24.01%

—

FIZZNational Beverage Corp.

$37.14

$3.48B

19.89

-1.73%

14.81%

32.6%

—

CELHCelsius Holdings, Inc.

$32.16

$8.22B

27.49

85.54%

9.41%

11.71%

0.49%