Nachrichten |
| Datum / Uhrzeit |
Titel |
Bewertung |
| 10.08.25 08:40:40 |
Coca-Cola HBC First Half 2025 Ergebnis: EPS Beats Erwartungen |
 |
|
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Hier eine Zusammenfassung der Coca-Cola HBC (CCH) Erste Hälfte 2025 Ergebnisse, mit 400 Wörtern begrenzt:
Coca-Cola Die HBC hat im ersten Halbjahr 2025 starke Finanzergebnisse gemeldet, was ein robustes Wachstum in Schlüsselzahlen zeigt. Der Gesamtumsatz erreichte 5,62 Milliarden Euro, ein beeindruckender Anstieg von 8,6% gegenüber dem ersten Halbjahr 2024. Dieses Wachstum hat direkt einen deutlichen Anstieg des Nettoeinkommens mit 470,6 Mio. € bewirkt – eine Verbesserung von 23% gegenüber dem Vorjahr.
Ein entscheidender Treiber dieses Erfolgs ist eine verstärkte Gewinnmarge, die jetzt mit 8,4%, von 7,4% im Vorquartal, wieder dank des erhöhten Umsatzes steht. Das Ergebnis je Aktie (EPS) stieg auch auf 1,30 € und übertraf die Erwartungen der Analytiker um 7,2%.
Die Unternehmensprojekte wuchsen weiter und prognostizierten in den nächsten drei Jahren ein durchschnittliches jährliches Umsatzwachstum von 6,2%. Dies ist deutlich höher als das prognostizierte 4,3%-Wachstum, das für die gesamte Getränkeindustrie im Vereinigten Königreich erwartet wird, was die starke Marktposition von Coca-Cola HBC hervorhebt.
Trotz der positiven Nachrichten ist der Aktienkurs von Coca-Cola HBC in der vergangenen Woche um 3,7% gesunken.
Der Bericht betont eine langfristige, grundlegende Analyse, und das Unternehmen verfolgt aktiv Wachstumschancen. Es ist wichtig zu beachten, dass diese Analyse auf historische Daten und Analystenprognosen beruht und nicht als Finanzberatung gedacht ist.
** Haftungsausschluss:** Diese Zusammenfassung basiert auf dem bereitgestellten Text und enthält keine zusätzlichen Kommentare. Die einfache Mauer St. Artikel enthält Standardaussagen über die Art der Analyse und ihre Grenzen. |
| 08.08.25 10:27:32 |
Coca-Cola HBC's (LON:CCH) earnings growth rate lags the 26% CAGR delivered to shareholders |
 |
|
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Explore Coca-Cola HBC's Fair Values from the Community and select yours
By buying an index fund, investors can approximate the average market return. But if you pick the right individual stocks, you could make more than that. Just take a look at Coca-Cola HBC AG (LON:CCH), which is up 86%, over three years, soundly beating the market return of 40% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 46% in the last year, including dividends.
While this past week has detracted from the company's three-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.
Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
During three years of share price growth, Coca-Cola HBC achieved compound earnings per share growth of 25% per year. We note that the 23% yearly (average) share price gain isn't too far from the EPS growth rate. Coincidence? Probably not. That suggests that the market sentiment around the company hasn't changed much over that time. Quite to the contrary, the share price has arguably reflected the EPS growth.
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).LSE:CCH Earnings Per Share Growth August 8th 2025
We know that Coca-Cola HBC has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Coca-Cola HBC will grow revenue in the future.
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Coca-Cola HBC, it has a TSR of 101% for the last 3 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
A Different Perspective
We're pleased to report that Coca-Cola HBC shareholders have received a total shareholder return of 46% over one year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 15%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Coca-Cola HBC , and understanding them should be part of your investment process.
繼續閱讀
For those who like to find winning investments this freelist of undervalued companies with recent insider purchasing, could be just the ticket.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
查看留言 |
| 25.07.25 09:11:53 |
Ist nun die Zeit, Coca-Cola HBC (LON:CCH) auf Ihre Watchlist zu setzen? |
|
|
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Investoren werden oft von der Idee geleitet, "die nächste große Sache" zu entdecken, auch wenn das bedeutet, "Story-Bestände" ohne Einnahmen zu kaufen, geschweige denn Profit. Aber wie Peter Lynch in One Up On Wall Street sagte, "Long Shots fast nie bezahlen." Verluste machen Unternehmen können wie ein Schwamm für Kapital handeln - so dass Investoren vorsichtig sein sollten, dass sie nicht nach schlechtem Geld werfen.
Im Gegensatz zu allem, bevorzugen viele Investoren sich auf Unternehmen wie Coca-Cola HBC (LON:CCH), die nicht nur Einnahmen, sondern auch Gewinne hat. Nun ist dies nicht zu sagen, dass das Unternehmen die beste Investitionsmöglichkeit rund um, aber die Rentabilität ist ein wesentlicher Bestandteil des Unternehmenserfolgs.
Wir haben 21 US-Bestände gefunden, die prognostiziert werden, eine Dividendenrendite von über 6% im nächsten Jahr zu zahlen. Sehen Sie die vollständige Liste kostenlos.
Coca-Cola HBC's Ergebnis pro Aktie wächst
Wenn Sie glauben, dass die Märkte sogar vage effizient sind, dann würden Sie langfristig erwarten, dass ein Unternehmen Aktienkurs seine Gewinne pro Aktie (EPS) Ergebnisse folgen. Daher gibt es viele Investoren, die gerne Aktien an Unternehmen kaufen, die EPS wachsen. Coca-Cola HBC konnte EPS um 15% pro Jahr, über drei Jahre wachsen. Das ist eine gute Wachstumsrate, wenn sie erhalten werden kann.
Eine Möglichkeit, das Wachstum des Unternehmens zu verdoppeln, besteht darin, zu prüfen, wie sich der Umsatz und das Ergebnis vor Zins- und Steuermargen ändern. Die EBIT-Margen für Coca-Cola HBC blieben im letzten Jahr ziemlich unverändert, aber das Unternehmen sollte sich freuen, sein Umsatzwachstum für den Zeitraum von 5,6% auf 11,6 € zu melden. Das ist Fortschritt.
In der nachstehenden Grafik können Sie sehen, wie das Unternehmen das Ergebnis und den Umsatz im Laufe der Zeit gewachsen ist. Für feinere Details klicken Sie auf das Bild. LSE: CCH Ergebnis und Umsatz Geschichte 25. Juli 2025
Unsere neueste Analyse für Coca-Cola HBC anzeigen
Sie fahren nicht mit Ihren Augen auf dem Rückspiegel, so dass Sie vielleicht mehr Interesse an diesem kostenlosen Bericht, der Analysten Prognosen für Coca-Cola HBC zukünftige Gewinne zeigt.
Sind Coca-Cola HBC Insider mit allen Aktionären beauftragt?
Aufgrund der Größe von Coca-Cola HBC würden wir nicht erwarten, dass Insider einen erheblichen Teil des Unternehmens halten. Aber wir nehmen Komfort von der Tatsache, dass sie Investoren im Unternehmen sind. Insbesondere haben sie eine beneidenswerte Beteiligung am Unternehmen im Wert von 258 Mio. €. Investoren werden das Management schätzen, dass diese Menge an Haut im Spiel, wie es zeigt ihr Engagement für die Zukunft des Unternehmens.
Bewahrt Coca-Cola HBC einen Spot auf Ihrer Watchlist?
Wie bereits angesprochen, ist Coca-Cola HBC ein wachsendes Geschäft, das erfreulich ist. Für diejenigen, die etwas mehr suchen als dies, erhöht das hohe Niveau an Insider-Besitz unsere Begeisterung für dieses Wachstum. Diese Kombination ist sehr ansprechend. Also ja, wir denken, dass die Aktie es wert ist, ein Auge zu behalten. Du solltest immer an Risiken denken. Fall in Punkt, wir haben 1 Warnzeichen für Coca-Cola HBC Sie sollten bewusst sein.
Geschichte geht weiter
Es gibt immer die Möglichkeit, gut zu kaufen Aktien, die nicht wachsen Erträge und haben Insider kaufen Aktien. Aber für diejenigen, die diese wichtigen Metriken betrachten, empfehlen wir Ihnen, Unternehmen zu überprüfen, die diese Funktionen haben. Sie können auf eine maßgeschneiderte Liste britischer Unternehmen zugreifen, die ein Wachstum untermauert von bedeutenden Insider-Beständen.
Bitte beachten Sie, dass sich die in diesem Artikel diskutierten Insidertransaktionen auf meldepflichtige Transaktionen in der jeweiligen Gerichtsbarkeit beziehen.
Haben Sie Feedback zu diesem Artikel? Über den Inhalt? Kontaktieren Sie uns direkt. Alternativ, E-Mail Editorial-team (at) einfachwallst.com.
Dieser Artikel von Simply Wall St ist allgemein in der Natur. Wir liefern Kommentare basierend auf historischen Daten und Analystenprognosen nur mit einer unvoreingenommenen Methodik und unsere Artikel sind nicht als Finanzberatung gedacht. Es stellt keine Empfehlung dar, Aktien zu kaufen oder zu verkaufen, und berücksichtigt nicht Ihre Ziele oder Ihre finanzielle Situation. Wir wollen Ihnen langfristig fokussierte Analysen, die durch grundlegende Daten getrieben werden, mitbringen. Beachten Sie, dass unsere Analyse möglicherweise nicht in den neuesten preisempfindlichen Unternehmensansagen oder qualitativen Material ausschlaggebend ist. Einfach Wand St hat keine Position in den genannten Beständen.
Kommentare anzeigen |
| 15.07.25 12:00:59 |
Coca-Cola HBC to host investor webinar on Nigerian operations |
|
|
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
ZUG, Switzerland - Coca-Cola HBC AG (LSE:CCH) announced it will hold the second webinar in its Bitesize Investor Series today, focusing on its Nigerian business operations.
The virtual event, scheduled for 15:00-16:00 CET on Tuesday, will provide investors and analysts with insights into the company’s Nigerian market opportunity and long-term growth potential in the region. The session will feature presentations from Naya Kalogeraki, Chief Operating Officer, Goran Sladic, General Manager for Nigeria, and Dayo Adefulu, Trade Marketing Director for Nigeria.
Launched in October 2024, the Bitesize series aims to provide deeper understanding of key business areas driving the company’s strategy. The company stated the webinar is educational in nature and will not include new material financial information.
Coca-Cola HBC, which operates as a strategic bottling partner of The Coca-Cola Company (NYSE:KO) across 29 countries, serves approximately 750 million consumers with a diverse portfolio of beverage brands. The company employs around 33,000 people globally.
The presentation materials will be made available shortly before the webinar begins, with a replay accessible afterward on the company’s website. According to the press release statement, Coca-Cola HBC will announce its 2025 half-year results on August 6.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. |
| 07.07.25 12:18:15 |
Coca-Cola HBC to release half-year results on August 6 |
|
|
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
ZUG, Switzerland - Coca-Cola HBC AG (LSE:CCH) (ATHEX:EEE) will publish its 2025 half-year financial results on Wednesday, August 6, the bottling partner of The Coca-Cola Company (NYSE:KO) announced Monday.
The results will be released at 7:00 am BST, with company management hosting a conference call for investors and analysts at 9:00 am BST the same day.
The bottling company, which operates across 29 countries serving approximately 750 million consumers, will make the financial results available on its corporate website. Investors can participate in the conference call in listen-only mode via webcast or register in advance to ask questions during the call.
Coca-Cola HBC’s portfolio includes brands such as Coca-Cola, Fanta, Sprite, Costa Coffee, Monster Energy, and premium spirits like Finlandia Vodka and The Macallan.
The company employs approximately 33,000 people across its operations, according to the press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. |
| 04.07.25 05:45:40 |
Citi raises Coca-Cola HBC price target to GBP40.00 on favorable weather trends |
|
|
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Investing.com - Citi has raised its price target on Coca-Cola (NYSE:KO) HBC AG (LSE:CCH) stock to GBP40.00 from GBP38.00 while maintaining a Neutral rating on the bottling company.
The price target increase comes as Coca-Cola HBC is expected to deliver against market organic sales growth expectations for the second quarter and first half of 2025, despite facing tough comparisons in Greece and mixed weather in some developing markets.
Citi anticipates strong first-half organic EBIT growth of approximately 16.6%, supported by favorable Easter phasing benefits and increasingly positive weather conditions in many established markets, as well as the absence of last year’s roughly €35 million hit to EBIT from foreign exchange remeasurement.
The research firm expects management to raise its full-year 2025 organic EBIT growth guidance to 9-13% with the upcoming half-year results, noting that ongoing positive earnings momentum has led Citi to increase its fiscal year 2025 EPS forecast by 1%.
While Coca-Cola HBC shares have performed strongly year-to-date and the near-term risk/reward remains skewed to the upside, Citi indicates it sees greater upside potential in Carlsberg (CSE:CARLb) stock at present.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. |
| 21.04.25 13:40:09 |
Is Coca-Cola HBC (CCHGY) Outperforming Other Consumer Staples Stocks This Year? |
|
|
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Coca-Cola HBC (CCHGY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Coca-Cola HBC is a member of our Consumer Staples group, which includes 177 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Coca-Cola HBC is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 3.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CCHGY has gained about 48% so far this year. At the same time, Consumer Staples stocks have gained an average of 6.6%. This means that Coca-Cola HBC is performing better than its sector in terms of year-to-date returns.
Another Consumer Staples stock, which has outperformed the sector so far this year, is Reeds (REED). The stock has returned 170.3% year-to-date.
For Reeds, the consensus EPS estimate for the current year has increased 33.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Coca-Cola HBC belongs to the Beverages - Soft drinks industry, which includes 16 individual stocks and currently sits at #60 in the Zacks Industry Rank. Stocks in this group have gained about 11.3% so far this year, so CCHGY is performing better this group in terms of year-to-date returns. Reeds is also part of the same industry.
Investors with an interest in Consumer Staples stocks should continue to track Coca-Cola HBC and Reeds. These stocks will be looking to continue their solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Coca-Cola HBC (CCHGY) : Free Stock Analysis Report
Reeds, Inc. (REED) : Free Stock Analysis Report
Story Continues
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
View Comments |
| 13.04.25 09:43:31 |
Should You Be Excited About Coca-Cola HBC AG's (LON:CCH) 25% Return On Equity? |
|
|
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). To keep the lesson grounded in practicality, we'll use ROE to better understand Coca-Cola HBC AG (LON:CCH).
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.
How Do You Calculate Return On Equity?
The formula for return on equity is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Coca-Cola HBC is:
25% = €820m ÷ €3.3b (Based on the trailing twelve months to December 2024).
The 'return' is the profit over the last twelve months. Another way to think of that is that for every £1 worth of equity, the company was able to earn £0.25 in profit.
Check out our latest analysis for Coca-Cola HBC
Does Coca-Cola HBC Have A Good Return On Equity?
By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. As you can see in the graphic below, Coca-Cola HBC has a higher ROE than the average (17%) in the Beverage industry.LSE:CCH Return on Equity April 13th 2025
That's what we like to see. Bear in mind, a high ROE doesn't always mean superior financial performance. Aside from changes in net income, a high ROE can also be the outcome of high debt relative to equity, which indicates risk.
How Does Debt Impact ROE?
Most companies need money -- from somewhere -- to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.
Combining Coca-Cola HBC's Debt And Its 25% Return On Equity
Coca-Cola HBC does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.13. While no doubt that its ROE is impressive, we would have been even more impressed had the company achieved this with lower debt. Debt does bring extra risk, so it's only really worthwhile when a company generates some decent returns from it.
Story Continues
Summary
Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders. Companies that can achieve high returns on equity without too much debt are generally of good quality. If two companies have the same ROE, then I would generally prefer the one with less debt.
But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So I think it may be worth checking this freereport on analyst forecasts for the company .
If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
View Comments |
| 04.04.25 13:40:10 |
Are Consumer Staples Stocks Lagging Coca-Cola HBC (CCHGY) This Year? |
|
|
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Coca-Cola HBC (CCHGY) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.
Coca-Cola HBC is a member of the Consumer Staples sector. This group includes 177 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Coca-Cola HBC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 2.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CCHGY has returned 39.8% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 12.9% on average. This shows that Coca-Cola HBC is outperforming its peers so far this year.
Heineken NV (HEINY) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 15%.
For Heineken NV, the consensus EPS estimate for the current year has increased 2.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Coca-Cola HBC belongs to the Beverages - Soft drinks industry, which includes 16 individual stocks and currently sits at #63 in the Zacks Industry Rank. Stocks in this group have gained about 13% so far this year, so CCHGY is performing better this group in terms of year-to-date returns.
Heineken NV, however, belongs to the Beverages - Alcohol industry. Currently, this 17-stock industry is ranked #207. The industry has moved +3.6% so far this year.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola HBC and Heineken NV as they could maintain their solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Story Continues
Coca-Cola HBC (CCHGY) : Free Stock Analysis Report
Heineken NV (HEINY) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
View Comments |
| 30.03.25 08:38:25 |
Coca-Cola HBC AG's (LON:CCH) Intrinsic Value Is Potentially 43% Above Its Share Price |
|
|
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Key Insights
Using the 2 Stage Free Cash Flow to Equity, Coca-Cola HBC fair value estimate is UK£50.39 Coca-Cola HBC is estimated to be 30% undervalued based on current share price of UK£35.16 Analyst price target for CCH is €33.78 which is 33% below our fair value estimate
How far off is Coca-Cola HBC AG (LON:CCH) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to today's value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.
We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.
We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.
Is Coca-Cola HBC Fairly Valued?
We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:
10-year free cash flow (FCF) forecast
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (€, Millions) €635.0m €731.9m €755.7m €733.0m €824.0m €848.9m €872.7m €895.8m €918.7m €941.4m Growth Rate Estimate Source Analyst x2 Analyst x5 Analyst x3 Analyst x1 Analyst x1 Est @ 3.02% Est @ 2.80% Est @ 2.65% Est @ 2.55% Est @ 2.47% Present Value (€, Millions) Discounted @ 5.8% €600 €654 €639 €586 €623 €606 €590 €572 €555 €538
("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = €6.0b
Story Continues
After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.3%. We discount the terminal cash flows to today's value at a cost of equity of 5.8%.
Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = €941m× (1 + 2.3%) ÷ (5.8%– 2.3%) = €28b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= €28b÷ ( 1 + 5.8%)10= €16b
The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is €22b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of UK£35.2, the company appears quite undervalued at a 30% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.LSE:CCH Discounted Cash Flow March 30th 2025
Important Assumptions
Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Coca-Cola HBC as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 5.8%, which is based on a levered beta of 0.800. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
View our latest analysis for Coca-Cola HBC
SWOT Analysis for Coca-Cola HBC
Strength
Earnings growth over the past year exceeded the industry.
Debt is not viewed as a risk.
Dividends are covered by earnings and cash flows.
Weakness
Dividend is low compared to the top 25% of dividend payers in the Beverage market.
Opportunity
Annual revenue is forecast to grow faster than the British market.
Trading below our estimate of fair value by more than 20%.
Threat
Annual earnings are forecast to grow slower than the British market.
Looking Ahead:
Whilst important, the DCF calculation ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Can we work out why the company is trading at a discount to intrinsic value? For Coca-Cola HBC, there are three additional factors you should further examine:
Risks: For instance, we've identified 1 warning sign for Coca-Cola HBC that you should be aware of. Future Earnings: How does CCH's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!
PS. Simply Wall St updates its DCF calculation for every British stock every day, so if you want to find the intrinsic value of any other stock just search here.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
View Comments |
