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Coca-Cola European Partners

DB:CK0
Snowflake Description

Solid track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CK0
DB
€24B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Coca-Cola European Partners plc, together with its subsidiaries, produces, markets, distributes, and sells a range of nonalcoholic ready-to-drink beverages. The last earnings update was 65 days ago. More info.


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CK0 Share Price and Events
7 Day Returns
1.8%
DB:CK0
-0.2%
DE Beverage
2.5%
DE Market
1 Year Returns
40%
DB:CK0
4.9%
DE Beverage
2.6%
DE Market
CK0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coca-Cola European Partners (CK0) 1.8% 0.6% 1.6% 40% 48.6% -
DE Beverage -0.2% 2.3% -1.1% 4.9% 24.3% 68.1%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • CK0 outperformed the Beverage industry which returned 4.9% over the past year.
  • CK0 outperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
CK0
Industry
5yr Volatility vs Market
Related Companies

CK0 Value

 Is Coca-Cola European Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Coca-Cola European Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Coca-Cola European Partners.

DB:CK0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CK0
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.508 (1 + (1- 19%) (26.04%))
0.742
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 6.65%)
5.55%

Discounted Cash Flow Calculation for DB:CK0 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Coca-Cola European Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CK0 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.55%)
2020 1,302.56 Analyst x7 1,234.09
2021 1,346.92 Analyst x7 1,209.05
2022 1,365.40 Analyst x1 1,161.21
2023 1,489.00 Analyst x1 1,199.76
2024 1,533.82 Est @ 3.01% 1,170.91
2025 1,567.18 Est @ 2.18% 1,133.49
2026 1,592.12 Est @ 1.59% 1,091.00
2027 1,610.94 Est @ 1.18% 1,045.87
2028 1,625.37 Est @ 0.9% 999.78
2029 1,636.68 Est @ 0.7% 953.81
Present value of next 10 years cash flows €11,198.00
DB:CK0 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1,636.68 × (1 + 0.23%) ÷ (5.55% – 0.23%)
€30,834.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €30,834.73 ÷ (1 + 5.55%)10
€17,969.67
DB:CK0 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €11,198.00 + €17,969.67
€29,167.67
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €29,167.67 / 473.20
€61.64
DB:CK0 Discount to Share Price
Calculation Result
Value per share (EUR) From above. €61.64
Current discount Discount to share price of €51.10
= -1 x (€51.10 - €61.64) / €61.64
17.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Coca-Cola European Partners is available for.
Intrinsic value
17%
Share price is €51.1 vs Future cash flow value of €61.64
Current Discount Checks
For Coca-Cola European Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Coca-Cola European Partners's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Coca-Cola European Partners's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Coca-Cola European Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coca-Cola European Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CK0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-28) in EUR €2.09
ENXTAM:CCEP Share Price ** ENXTAM (2019-10-11) in EUR €51.1
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.57x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Coca-Cola European Partners.

DB:CK0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:CCEP Share Price ÷ EPS (both in EUR)

= 51.1 ÷ 2.09

24.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coca-Cola European Partners is good value based on earnings compared to the DE Beverage industry average.
  • Coca-Cola European Partners is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Coca-Cola European Partners's expected growth come at a high price?
Raw Data
DB:CK0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
5.9%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.84x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:CK0 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.4x ÷ 5.9%

4.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coca-Cola European Partners is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Coca-Cola European Partners's assets?
Raw Data
DB:CK0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-28) in EUR €13.57
ENXTAM:CCEP Share Price * ENXTAM (2019-10-11) in EUR €51.1
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.56x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:CK0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:CCEP Share Price ÷ Book Value per Share (both in EUR)

= 51.1 ÷ 13.57

3.76x

* Primary Listing of Coca-Cola European Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coca-Cola European Partners is overvalued based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Coca-Cola European Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Coca-Cola European Partners has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CK0 Future Performance

 How is Coca-Cola European Partners expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coca-Cola European Partners expected to grow at an attractive rate?
  • Coca-Cola European Partners's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Coca-Cola European Partners's earnings growth is positive but not above the Germany market average.
  • Coca-Cola European Partners's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CK0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CK0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 5.9%
DB:CK0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.6%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.7%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CK0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CK0 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 12,583 2,049 1,278 11
2020-12-31 12,249 1,989 1,226 14
2019-12-31 11,942 1,893 1,168 14
2019-10-12
DB:CK0 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-28 11,885 2,029 1,000
2019-03-28 12,041 2,206 1,039
2018-12-31 11,518 1,806 909
2018-09-28 11,386 1,910 714
2018-06-29 11,061 1,774 660
2018-03-30 11,058 1,460 665
2017-12-31 11,062 1,623 688
2017-09-29 10,978 1,392 761
2017-06-30 11,024 1,376 784
2017-03-31 10,140 1,257 637
2016-12-31 9,133 1,244 549
2016-09-30 7,928 1,060 684
2016-07-01 6,675 908 486

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Coca-Cola European Partners's earnings are expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
  • Coca-Cola European Partners's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CK0 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Coca-Cola European Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CK0 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.92 2.96 2.84 4.00
2020-12-31 2.69 2.72 2.66 4.00
2019-12-31 2.45 2.52 2.33 4.00
2019-10-12
DB:CK0 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-28 2.09
2019-03-28 2.15
2018-12-31 1.88
2018-09-28 1.47
2018-06-29 1.36
2018-03-30 1.37
2017-12-31 1.42
2017-09-29 1.71
2017-06-30 1.62
2017-03-31 1.44
2016-12-31 1.44
2016-09-30 1.94
2016-07-01 1.92

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Coca-Cola European Partners is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Coca-Cola European Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Coca-Cola European Partners has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CK0 Past Performance

  How has Coca-Cola European Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Coca-Cola European Partners's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Coca-Cola European Partners's year on year earnings growth rate has been positive over the past 5 years.
  • Coca-Cola European Partners's 1-year earnings growth exceeds its 5-year average (51.5% vs 13.4%)
  • Coca-Cola European Partners's earnings growth has exceeded the DE Beverage industry average in the past year (51.5% vs -2%).
Earnings and Revenue History
Coca-Cola European Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Coca-Cola European Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CK0 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-28 11,885.00 1,000.00 3,152.00
2019-03-28 12,041.00 1,039.00 3,200.00
2018-12-31 11,518.00 909.00 3,159.00
2018-09-28 11,386.00 714.00 3,079.00
2018-06-29 11,061.00 660.00 3,042.00
2018-03-30 11,058.00 665.00 3,035.00
2017-12-31 11,062.00 688.00 3,033.00
2017-09-29 10,978.00 761.00 2,964.00
2017-06-30 11,024.00 784.00 3,176.00
2017-03-31 10,140.00 637.00 2,824.00
2016-12-31 9,133.00 549.00 2,700.00
2016-09-30 7,928.34 684.23 1,882.00
2016-07-01 6,675.00 486.00 1,736.00
2016-04-01 6,069.70 498.11 1,276.07
2015-12-31 6,329.00 513.00 1,553.00
2015-10-02 6,480.79 489.65 1,310.17
2015-07-03 6,857.35 552.30 1,402.31
2015-04-03 7,303.15 586.07 1,466.09
2014-12-31 6,217.00 484.00 1,482.00
2014-09-26 6,592.58 540.26 1,311.27
2014-06-27 6,168.42 540.63 1,241.17
2014-03-28 5,986.72 524.35 1,194.14
2013-12-31 5,963.14 484.34 1,190.16
2013-09-27 5,979.30 466.76 1,208.27
2013-06-28 6,147.85 466.17 1,237.72
2013-03-29 6,277.94 490.90 1,290.08
2012-12-31 6,114.62 513.47 1,270.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Coca-Cola European Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Coca-Cola European Partners used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Coca-Cola European Partners has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Coca-Cola European Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Coca-Cola European Partners has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CK0 Health

 How is Coca-Cola European Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Coca-Cola European Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Coca-Cola European Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Coca-Cola European Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Coca-Cola European Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Coca-Cola European Partners Company Filings, last reported 3 months ago.

DB:CK0 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-28 6,335.00 5,921.00 382.00
2019-03-28 6,335.00 5,921.00 382.00
2018-12-31 6,564.00 5,543.00 309.00
2018-09-28 6,838.00 5,339.00 486.00
2018-06-29 6,830.00 5,604.00 368.00
2018-03-30 6,678.00 5,842.00 245.00
2017-12-31 6,685.00 5,661.00 360.00
2017-09-29 6,768.00 6,040.00 473.00
2017-06-30 6,580.00 6,252.00 306.00
2017-03-31 6,543.00 6,421.00 364.00
2016-12-31 6,461.00 6,336.00 386.00
2016-09-30 6,497.00 6,403.00 347.00
2016-07-01 6,296.00 6,771.00 482.00
2016-04-01 824.61 3,603.80 245.53
2015-12-31 871.00 3,525.00 156.00
2015-10-02 893.26 3,552.64 173.86
2015-07-03 912.56 4,039.41 376.56
2015-04-03 924.61 3,823.12 273.93
2014-12-31 1,187.00 3,232.00 184.00
2014-09-26 1,362.46 3,266.76 171.69
2014-06-27 1,401.08 3,283.37 261.14
2014-03-28 1,493.77 3,013.72 207.99
2013-12-31 1,655.62 2,786.24 249.07
2013-09-27 1,631.46 2,891.42 361.89
2013-06-28 1,606.96 2,845.46 213.85
2013-03-29 1,766.94 2,606.70 174.04
2012-12-31 2,042.51 2,628.79 548.36
  • Coca-Cola European Partners's level of debt (93.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (234.5% vs 93.5% today).
  • Debt is well covered by operating cash flow (34.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.3x coverage).
X
Financial health checks
We assess Coca-Cola European Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Coca-Cola European Partners has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CK0 Dividends

 What is Coca-Cola European Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.43%
Current annual income from Coca-Cola European Partners dividends. Estimated to be 2.61% next year.
If you bought €2,000 of Coca-Cola European Partners shares you are expected to receive €49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Coca-Cola European Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Coca-Cola European Partners's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CK0 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CK0 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.43 7.00
2020-12-31 1.33 7.00
2019-12-31 1.24 7.00
2019-10-12
DB:CK0 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-08-08 1.240 2.469
2019-03-14 1.120 2.310
2019-02-14 1.120 2.675
2018-08-09 1.040 2.621
2018-04-26 1.040 3.071
2018-02-15 1.040 3.184
2017-11-07 0.840 2.588
2017-08-10 0.840 2.364
2017-05-04 0.840 2.303
2017-04-12 0.840 2.386
2017-03-21 0.840 2.407
2016-12-15 0.680 2.121
2016-11-10 0.680 2.183
2016-09-22 0.680 1.958

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Coca-Cola European Partners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Coca-Cola European Partners only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Coca-Cola European Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Coca-Cola European Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Coca-Cola European Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coca-Cola European Partners has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CK0 Management

 What is the CEO of Coca-Cola European Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Damian Gammell
COMPENSATION €3,716,000
AGE 48
TENURE AS CEO 2.8 years
CEO Bio

Mr. Damian Paul Gammell has been the Chief Operating Officer at Coca-Cola Refreshments USA, Inc. since January 30, 2016. Mr. Gammell has been the Chief Executive Officer of Coca-Cola European Partners Plc since December 28, 2016. He is an experienced international leader within The Coca-Cola System. He served as the Chief Operating Officer at Coca-Cola European Partners Plc since October 12, 2015 until December 28, 2016. He served as the Chief Executive Officer of Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi (alternate name: Anadolu Efes) at Anadolu Endüstri Holding A.S. from December 2013 to October 2015. He served as Managing Director of Efes Soft Drink at Anadolu Efes Biracilik ve Malt Sanayii AS and served as its Group President since January 1, 2012. He served as Chief Executive Officer and Managing Director at Coca-Cola Icecek A.S. (alternate name: Coca-Cola Içecek Anonim Sirketi) from January 1, 2012 to January 1, 2014. He served as Beverage Group President at Anadolu Endüstri Holding A.S. from January 1, 2014 to October 2015. Mr. Gammell served as Chief Executive Officer of Anadolu Beverage Group, one of the world's largest beverage companies and owner of Coca-Cola Icecek. He joined Anadolu in 2010 from The Coca-Cola Company, where he served as Chief Executive Officer of the Company's operations in Germany since 2005, in Russia from 2001 to 2004 and also in Eastern Europe and Australia. He has over 20 years of experience in the Coca-Cola system, Mr. Gammell has also worked in Eastern Europe, Australia, Korea, Indonesia, Turkey and Pakistan, among other locations. He served as the Chief Executive Officer at Coca-Cola Erfrischungsgetranke GmbH since 2005. He held a variety of senior roles across the fields of commercial and general management both in Europe and Australia. He served as Chief Executive Officer of the bottling business in Russia from 2001 to 2004. He led the German business through increasing both volume growth and profitability, consistently over the past 6 years. He has been Director of Coca-Cola European Partners Plc since December 30, 2016. Mr. Gammell served as a Director at Coca-Cola Icecek A.S. until October 2015. He served as a Director of Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi from February 4, 2014 to 2015. He is involved in a number of global non-profit initiatives. He serves on the health care committee of the World Economic Forum. In 2009, he was nominated as Young Global Leader (YGL) of the World Economic Forum. Mr. Gammell is a graduate of the College of Marketing, Dublin. He studied for his Master of Science in change management at Oxford University and HEC Paris. He has also completed programs at the Kennedy School of Government, Harvard University and the Dublin Institute of Technology.

CEO Compensation
  • Damian's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Damian's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Coca-Cola European Partners management team in years:

3
Average Tenure
53
Average Age
  • The tenure for the Coca-Cola European Partners management team is about average.
Management Team

Damian Gammell

TITLE
CEO & Director
COMPENSATION
€4M
AGE
48
TENURE
2.8 yrs

Nik Jhangiani

TITLE
CFO & Senior VP
AGE
53
TENURE
5.9 yrs

Lauren Sayeski

TITLE
Chief Public Affairs
TENURE
3.4 yrs

Stephen Moorhouse

TITLE
General Manager of Northern Europe Business Unit
AGE
52

Peter Brickley

TITLE
Chief Information Officer
AGE
59
TENURE
2.9 yrs

Thor Erickson

TITLE
Vice President of Investor Relations

Clare Wardle

TITLE
General Counsel & Company Secretary
TENURE
3.3 yrs

Nick Wall

TITLE
Chief People & Culture Officer
TENURE
3.1 yrs

Victor Rufart

TITLE
Chief Strategy Officer
AGE
56
TENURE
3 yrs

José Echeverría

TITLE
Chief Customer Service & Supply Chain Officer
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Coca-Cola European Partners board of directors in years:

3.4
Average Tenure
61.5
Average Age
  • The tenure for the Coca-Cola European Partners board of directors is about average.
Board of Directors

Sol Daurella Comadrán

TITLE
Chairman of the Board
COMPENSATION
€581K
AGE
53
TENURE
3.4 yrs

Damian Gammell

TITLE
CEO & Director
COMPENSATION
€4M
AGE
48
TENURE
2.8 yrs

Jan Bennink

TITLE
Independent Non-Executive Director
COMPENSATION
€131K
AGE
57
TENURE
3.4 yrs

Garry Watts

TITLE
Independent Non-Executive Director
COMPENSATION
€134K
AGE
61
TENURE
3.5 yrs

Tom Johnson

TITLE
Senior Independent Director
COMPENSATION
€149K
AGE
69

Chris Cross

TITLE
Independent Non-Executive Director
COMPENSATION
€135K
AGE
68
TENURE
3.4 yrs

Alfonso Daurella

TITLE
Non-Executive Director
COMPENSATION
€106K
AGE
63
TENURE
3.4 yrs

Irial Finan

TITLE
Non-Executive Director
COMPENSATION
€111K
AGE
62
TENURE
3.5 yrs

Orrin Ingram

TITLE
Independent Non-Executive Director
COMPENSATION
€113K
AGE
58
TENURE
3.4 yrs

Javier Ferrán

TITLE
Independent Non-Executive Director
COMPENSATION
€116K
AGE
62
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Oct 18 Sell Damian Gammell Individual 18. Oct 18 18. Oct 18 -5,800 €39.32 €-227,307
X
Management checks
We assess Coca-Cola European Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Coca-Cola European Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CK0 News

Simply Wall St News

CK0 Company Info

Description

Coca-Cola European Partners plc, together with its subsidiaries, produces, markets, distributes, and sells a range of nonalcoholic ready-to-drink beverages. The company offers sparkling flavors, energy drinks, juices, isotonics, and other drinks, as well as water. It provides its products primarily under the Coca-Cola, Fanta, and Sprite brands, as well as Coca-Cola Zero Sugar, Mezzo Mix, Schweppes, Royal Bliss, Fïnle, Monster, GLACÉAU Smartwater, Vio, Chaudfontaine, Fuze Tea, Honest Coffee, Oasis, Capri-Sun, Honest, and Tropico brands. In addition, the company engages in the bottling and other operations. As of March 14, 2019, it served approximately 300 million consumers across Western Europe, including Andorra, Belgium, continental France, Germany, Great Britain, Iceland, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain, and Sweden. The company was founded in 1986 and is based in Uxbridge, the United Kingdom.

Details
Name: Coca-Cola European Partners plc
CK0
Exchange: DB
Founded: 1986
€24,180,423,574
473,198,113
Website: http://www.ccep.com
Address: Coca-Cola European Partners plc
Pemberton House,
Bakers Road,
Uxbridge,
Middlesex, UB8 1EZ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM CCEP Ordinary Shares Euronext Amsterdam NL EUR 31. May 2016
NYSE CCEP Ordinary Shares New York Stock Exchange US USD 31. May 2016
DB CK0 Ordinary Shares Deutsche Boerse AG DE EUR 31. May 2016
LSE CCEP Ordinary Shares London Stock Exchange GB EUR 31. May 2016
BME CCE Ordinary Shares Bolsas y Mercados Espanoles ES EUR 31. May 2016
BATS-CHIXE CCEA Ordinary Shares BATS 'Chi-X Europe' GB EUR 31. May 2016
Number of employees
Current staff
Staff numbers
23,310
Coca-Cola European Partners employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:43
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/11
Last earnings filing: 2019/08/08
Last earnings reported: 2019/06/28
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.