Now trading at a price of $86.69, Coca-Cola Europacific has moved -0.9% so far today.
Coca-Cola Europacific returned gains of 7.5% last year, with its stock price reaching a high of $100.67 and a low of $73.4. Over the same period, the stock underperformed the S&P 500 index by -8.7%. The company's 50-day average price was $94.07. Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. Based in Uxbridge, United Kingdom, the Large-Cap Consumer Staples company has 41,000 full time employees. Coca-Cola Europacific has offered a 2.3% dividend yield over the last 12 months.
Generally Positive Cash Flows but Not Enough Current Assets to Cover Current Liabilities:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $12,017 | $10,606 | $13,763 | $17,320 | $18,302 | $20,438 |
| Gross Margins | 38% | 35% | 37% | 36% | 37% | 35% |
| Net Margins | 9% | 5% | 7% | 9% | 9% | 7% |
| Net Income (M) | $1,090 | $498 | $988 | $1,521 | $1,669 | $1,444 |
| Net Interest Expense (M) | -$96 | -$111 | -$129 | -$114 | -$120 | -$187 |
| Diluted Shares (M) | 456 | 455 | 456 | 457 | 459 | 461 |
| Earnings Per Share | $2.32 | $1.09 | $2.15 | $3.29 | $3.63 | $3.08 |
| EPS Growth | n/a | -53.02% | 97.25% | 53.02% | 10.33% | -15.15% |
| Free Cash Flow (M) | $1,904 | $1,490 | $2,117 | $2,932 | $2,806 | $3,061 |
| Total Debt (M) | $5,622 | $6,382 | $11,790 | $10,571 | $10,096 | $9,940 |
| Current Ratio | 0.75 | 0.98 | 0.95 | 0.89 | 0.91 | 0.81 |
a Very Low P/E Ratio but Priced Beyond Its Margin of Safety:
Coca-Cola Europacific has a trailing twelve month P/E ratio of 24.1, compared to an average of 25.91 for the Consumer Staples sector. Based on its EPS guidance of $4.55, the company has a forward P/E ratio of 20.7. The 10.1% compound average growth rate of Coca-Cola Europacific's historical and projected earnings per share yields a PEG ratio of 2.38. This suggests that these shares are overvalued. Furthermore, Coca-Cola Europacific is likely overvalued compared to the book value of its equity, since its P/B ratio of 4.94 is higher than the sector average of 3.03. The company's shares are currently trading 135.9% below their Graham number. Ultimately, Coca-Cola Europacific's strong cash flows, decent earnings multiple, and healthy debt levels factor towards it being fairly valued, its elevated P/B ratio notwithstanding.
Coca-Cola Europacific Has an Analyst Consensus of Some Upside Potential:
Coca-Cola Europacific has an average amount of shares sold short because 2.8% of the company's shares are sold short. Institutions own 37.3% of the company's shares, and the insider ownership rate stands at 54.02%, suggesting a large amount of insider shareholders. The largest shareholder is Blackrock Inc., whose 3% stake in the company is worth $1,333,866,353.
