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Independent Coca-Cola bottler and distributor serving Western Europe, Australia and Pacific Island markets.
Independent Coca-Cola bottler and distributor serving Western Europe, Australia and Pacific Island markets.
Buys concentrate from The Coca-Cola Company, then makes, bottles and delivers the drinks to supermarkets, bars and restaurants, so it earns the distribution margin and carries the factories and trucks. The Coca-Cola Company holds a significant stake. It was formed in 2016 by combining three European bottlers and added Coca-Cola Amatil in Australia in 2021.
Moat: narrow (distribution, scale, brand). Exclusive territorial bottling rights for Coca-Cola brands across large developed markets create a durable franchise.
Headquarters: London, United Kingdom · Founded: 2016 · Employees: 39,000
Size Coca-Cola Europacific Partners (CCEP) is a United States Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $51.0B, the 250th largest of 3,117 United States companies the cockpit tracks. Shares closed at $116.13 on 6 Nov 2026.
Performance Over six months the shares gained 22.8%, against +9.0% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 9 in its peer set.
Growth Revenue grew 9.7% over the last twelve months (peer median +19.3%); the operating margin is 13.5% (peer median 14.8%).
Valuation It trades at 21.8× forward earnings against a peer median of 24.0× (4th cheapest of 8).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.0 points above its cost of capital (7.0% WACC).
Short interest Short interest is 3.1% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $24.9B | $23.6B | $22.1B | $19.8B | $18.2B |
| Revenue growth | — | +7% | +12% | +9% | — |
| Gross profit | $8.70B | $8.23B | $7.60B | $7.11B | $6.53B |
| EBITDA | $4.41B | $4.20B | $3.61B | $3.38B | $3.23B |
| Net income | $2.33B | $2.19B | $1.53B | $1.80B | $1.58B |
| Free cash flow | $2.46B | $2.29B | $2.27B | $2.17B | $2.42B |
| Capital expenditure | $1.14B | $1.07B | $1.02B | $878M | $634M |
| Total debt | n/a | $12.6B | $11.7B | $12.6B | $12.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Coca-Cola Europacific Partners CCEP | $51.0B | +23% | +10% | 14% | 21.8× | 3.9% |
| Coca-Cola FEMSA SAB de CV Sponsored ADR KOF | $6.01B | +8% | +17% | 14% | 16.5× | -20.1% |
| Coca-Cola Consolidated COKE | $13.8B | +19% | +11% | 13% | n/a | -1.3% |
| PepsiCo PEP | $193B | -8% | +6% | 16% | 16.6× | -5.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CCEP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.1% | +8.9% | 3rd highest of 9 |
| 6-month return | +22.8% | +9.0% | 3rd highest of 9 |
| Distance from 52-week high | -2.5% | -8.5% | 2nd highest of 9 |
| Revenue growth (TTM) | +9.7% | +19.3% | 2nd lowest of 9 |
| Operating margin | 13.5% | 14.8% | 5th highest of 9 |
| Forward P/E | 21.8× | 24.0× | 4th cheapest of 8 |
| Growth the price implies (Req g, 7 yrs) | 3.9% | 5.6% | 4th least demanding of 9 |
| Growth delivered (Del g) | +14.3% | +12.6% | 3rd highest of 9 |
| Hurdle (Req g minus delivered) | -10.4 pp | -5.1 pp | 3rd least demanding of 9 |
| ROIC minus cost of capital | +5.0 pp | +6.5 pp | 5th highest of 9 |
| EV / EBITDA | 14.3× | 15.8× | 4th cheapest of 9 |
| Net debt / EBITDA | 2.6× | 1.2× | 3rd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Coca-Cola Europacific Partners CCEP | United States | $51.0B | +23% | +10% | 14% | 21.8× | 3.9% | +14.3% |
| Keurig Dr Pepper KDP | United States | $49.8B | +28% | +43% | 17% | 14.8× | 6.3% | +7.4% |
| Nongfu Spring 9633.HK | Hong Kong | $64.9B | -1% | +27% | 38% | 24.0× | -0.2% | +17.3% |
| Monster Beverage MNST | United States | $89.6B | +11% | +20% | 29% | 36.2× | 10.2% | +12.5% |
| Fomento Economico Mexicano SAB de CV Sponsored ADR FMX | United States | $26.1B | +7% | +18% | 9% | 24.2× | -6.9% | +13.8% |
| Coca-Cola HBC CCH.L | United Kingdom | $20.5B | -2% | +13% | 11% | 17.2× | 4.9% | +12.8% |
| Swire Pacific 0019.HK | Hong Kong | $17.0B | +23% | +7% | 12% | 11.4× | 6.9% | +2.9% |
| Varun Beverages VBL.NS | India | $15.7B | -14% | +22% | 17% | 42.8× | 37.2% | +26.8% |
| Coca-Cola Consolidated COKE | United States | $13.8B | +19% | +11% | 13% | n/a | -1.3% | +7.6% |