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Coca-Cola HBC AGLSE:CCH Stock Report

Market Cap UK£16.7b
Share Price
UK£45.86
UK£46.47
1.3% undervalued intrinsic discount
1Y16.2%
7D6.8%
1D
Portfolio Value
View

Coca-Cola HBC AG

LSE:CCH Stock Report

Market Cap: UK£16.7b

Coca-Cola HBC (CCH) Stock Overview

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally. More details

CCH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends5/6

CCH Community Fair Values

Create Narrative

See what 77 others think this stock is worth. Follow their fair value or set your own to get alerts.

Coca-Cola HBC AG Competitors

Price History & Performance

Summary of share price highs, lows and changes for Coca-Cola HBC
Historical stock prices
Current Share PriceUK£45.86
52 Week HighUK£48.90
52 Week LowUK£32.70
Beta0.55
1 Month Change7.55%
3 Month Change0.84%
1 Year Change16.22%
3 Year Change96.66%
5 Year Change72.93%
Change since IPO162.06%

Recent News & Updates

Narrative Update Jun 07

CCH: Dividend Policy And Earnings Assumptions Will Shape Balanced Return Outlook

Coca-Cola HBC's analyst price targets have moved slightly lower to around £46 from about £47, as analysts factor in updated assumptions on revenue growth, profit margins, discount rate and future P/E levels. Analyst Commentary Recent price target revisions around £46 suggest analysts are fine tuning their views on Coca-Cola HBC rather than making wholesale changes, with updated assumptions feeding through to how they value the stock.
Narrative Update May 24

CCH: Recent Price Reset And Execution Risks Will Shape Future Returns

The analyst price target for Coca-Cola HBC has been adjusted to £38.97 from £30.52, with analysts pointing to changes in growth, margin and P/E assumptions following recent Street research that lowered published price targets to £46.00 and £47.00. Analyst Commentary Recent Street research has highlighted a more cautious tone around Coca-Cola HBC, with published price targets now referenced at £46.00 and £47.00.
Narrative Update Apr 23

CCH: Future Dividend Policy Will Support Confidence In Execution

Analysts have trimmed their average price target for Coca-Cola HBC by £100 to £4,600, as mixed recent research combines lower targets from Morgan Stanley and a more cautious stance from Kepler Cheuvreux with earlier target increases from Citi and JPMorgan. Analyst Commentary Recent research on Coca-Cola HBC reflects a mix of caution and optimism, with some firms trimming targets while others keep a constructive stance on the company.
Narrative Update Apr 08

CCH: Future Governance Changes Will Support Confidence In Execution

Analysts have slightly reduced the Coca-Cola HBC fair value estimate, with the implied price target easing by about £0.14. This reflects updated P/E assumptions along with modest adjustments to expectations for revenue growth and profit margins following mixed recent research updates.
Analysis Article Apr 08

Here's Why We Think Coca-Cola HBC (LON:CCH) Might Deserve Your Attention Today

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Recent updates

Narrative Update Jun 07

CCH: Dividend Policy And Earnings Assumptions Will Shape Balanced Return Outlook

Coca-Cola HBC's analyst price targets have moved slightly lower to around £46 from about £47, as analysts factor in updated assumptions on revenue growth, profit margins, discount rate and future P/E levels. Analyst Commentary Recent price target revisions around £46 suggest analysts are fine tuning their views on Coca-Cola HBC rather than making wholesale changes, with updated assumptions feeding through to how they value the stock.
Narrative Update May 24

CCH: Recent Price Reset And Execution Risks Will Shape Future Returns

The analyst price target for Coca-Cola HBC has been adjusted to £38.97 from £30.52, with analysts pointing to changes in growth, margin and P/E assumptions following recent Street research that lowered published price targets to £46.00 and £47.00. Analyst Commentary Recent Street research has highlighted a more cautious tone around Coca-Cola HBC, with published price targets now referenced at £46.00 and £47.00.
Narrative Update Apr 23

CCH: Future Dividend Policy Will Support Confidence In Execution

Analysts have trimmed their average price target for Coca-Cola HBC by £100 to £4,600, as mixed recent research combines lower targets from Morgan Stanley and a more cautious stance from Kepler Cheuvreux with earlier target increases from Citi and JPMorgan. Analyst Commentary Recent research on Coca-Cola HBC reflects a mix of caution and optimism, with some firms trimming targets while others keep a constructive stance on the company.
Narrative Update Apr 08

CCH: Future Governance Changes Will Support Confidence In Execution

Analysts have slightly reduced the Coca-Cola HBC fair value estimate, with the implied price target easing by about £0.14. This reflects updated P/E assumptions along with modest adjustments to expectations for revenue growth and profit margins following mixed recent research updates.
Analysis Article Apr 08

Here's Why We Think Coca-Cola HBC (LON:CCH) Might Deserve Your Attention Today

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Narrative Update Mar 25

CCH: Higher Fair Value Will Reflect Revenue Execution And Governance Changes

The analyst price target for Coca-Cola HBC has been raised by £0.15 to reflect updated views on revenue growth, profit margins and P/E assumptions, with several banks lifting their targets and others turning more cautious. Analyst Commentary Recent research shows a split in opinion, with several bullish analysts lifting price targets while at least one house has taken a more cautious stance.
Narrative Update Mar 11

CCH: Higher Fair Value Will Balance Mixed Research And Governance Changes

Analysts have nudged our fair value estimate for Coca-Cola HBC higher, with the price target rising from about £47.00 to roughly £50.10. This reflects updated assumptions on discount rate, profit margin and future P/E after recent target increases from several banks and a more cautious stance from one broker.
Narrative Update Feb 24

CCH: Higher Revenue Assumptions And Dividend Proposal Will Shape Future Returns

The analyst price target for Coca-Cola HBC has been raised to £45.64 from £41.26, as analysts reference higher assumed revenue growth, slightly firmer profit margins and a higher future P/E multiple despite one recent downgrade. Analyst Commentary Recent research on Coca-Cola HBC reflects a mix of optimism about the company’s ability to support a higher valuation and some caution on execution risks and earnings quality.
Narrative Update Feb 09

CCH: Recent Governance Changes And Cautious Outlook Will Pressure Future Returns

Narrative Update on Coca-Cola HBC Analysts have trimmed their fair value estimate for Coca-Cola HBC from €31.74 to €30.52, reflecting a slightly higher discount rate, modestly adjusted revenue growth and margin assumptions, and a lower future P/E multiple following more cautious recent research commentary. Analyst Commentary Recent Street research around Coca-Cola HBC has tilted more cautious, with bearish analysts flagging that the risk and reward profile now looks less compelling at current levels.
Analysis Article Feb 01

Coca-Cola HBC AG's (LON:CCH) Price Is Out Of Tune With Earnings

It's not a stretch to say that Coca-Cola HBC AG's ( LON:CCH ) price-to-earnings (or "P/E") ratio of 18.2x right now...
Narrative Update Jan 25

CCH: Higher Fair Value Will Offset Recent Downgrade Concerns

Narrative Update: Coca-Cola HBC Analysts have lifted their fair value estimate for Coca-Cola HBC from €45.36 to €46.98. This reflects updated assumptions on revenue growth, margins and future P/E, even as some recent research, including a downgrade from Kepler Cheuvreux, has turned more cautious overall.
Narrative Update Jan 09

CCH: Future Africa Expansion And JSE Listing Will Likely Pressure Margins

Analysts have trimmed their price target for Coca-Cola HBC to €31.74 from €32.27, reflecting updated assumptions around revenue growth, profit margins and future P/E levels. What's in the News Coca-Cola HBC AG has scheduled a special or extraordinary shareholders meeting for January 19, 2026, at 09:30 W.
Analysis Article Jan 04

Returns Are Gaining Momentum At Coca-Cola HBC (LON:CCH)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Narrative Update Dec 15

CCH: Elevated Earnings Hopes Will Likely Expose Margin Execution Risks

Analysts have lifted their price target on Coca-Cola HBC to approximately £32.27 from about £30.94, citing a compelling mix of resilient growth, defensive characteristics, and earnings upgrade potential that supports further share upside. Analyst Commentary Recent research highlights a constructive stance on Coca-Cola HBC, with the latest initiation framing the shares as a top pick in the beverages space.
Analysis Article Dec 09

Is Coca-Cola HBC AG (LON:CCH) Trading At A 20% Discount?

Key Insights The projected fair value for Coca-Cola HBC is UK£45.80 based on 2 Stage Free Cash Flow to Equity Coca-Cola...
Analysis Article Nov 27

Here's Why Coca-Cola HBC (LON:CCH) Has Caught The Eye Of Investors

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Oct 06

Coca-Cola HBC (LON:CCH) Is Experiencing Growth In Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Analysis Article Sep 24

Coca-Cola HBC (LON:CCH) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Narrative Update Sep 05

Nigeria And Egypt Will Drive Upside Through Shifting Consumer Trends

Coca-Cola HBC’s consensus price target was raised slightly to £41.26, as analysts cite strong operational momentum, robust Q2 growth above expectations, and the prospect of FY25 EBIT guidance upgrades, though some caution that greater upside exists elsewhere in the sector. Analyst Commentary Bullish analysts expect management to raise FY25 organic EBIT growth guidance to 9%-13% following strong first half results.
Analysis Article Aug 31

Coca-Cola HBC AG's (LON:CCH) Shareholders Might Be Looking For Exit

It's not a stretch to say that Coca-Cola HBC AG's ( LON:CCH ) price-to-earnings (or "P/E") ratio of 17.3x right now...
Analysis Article Aug 19

A Look At The Fair Value Of Coca-Cola HBC AG (LON:CCH)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Coca-Cola HBC fair value estimate is UK£48.38 Current share...
Analysis Article Jul 18

If EPS Growth Is Important To You, Coca-Cola HBC (LON:CCH) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
User avatar
New Narrative Feb 23

Investments In Emerging Markets Like Nigeria And Egypt Will Strengthen Market Presence

Strategic investments in high-potential categories and sustainability are expected to drive growth and strengthen brand loyalty.

Shareholder Returns

CCHGB BeverageGB Market
7D6.8%3.2%1.0%
1Y16.2%-12.9%18.0%

Return vs Industry: CCH exceeded the UK Beverage industry which returned -14.3% over the past year.

Return vs Market: CCH matched the UK Market which returned 15.5% over the past year.

Price Volatility

Is CCH's price volatile compared to industry and market?
CCH volatility
CCH Average Weekly Movement3.5%
Beverage Industry Average Movement3.6%
Market Average Movement5.6%
10% most volatile stocks in GB Market11.7%
10% least volatile stocks in GB Market3.1%

Stable Share Price: CCH has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: CCH's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196933,582n/awww.coca-colahellenic.com

Coca-Cola HBC AG engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally. It offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, plant-based drinks, hard seltzers, premium spirit, dairy, and snacks; and distributes third-party products. The company markets and sells its products under several brands, including Coca-Cola, Fanta, Sprite, Adez, Averna, Amita, Aquarius, Aperol, Avra, Deep RiverRock, Fruice, Kinley, Schweppes, and various other brands.

Coca-Cola HBC AG Fundamentals Summary

How do Coca-Cola HBC's earnings and revenue compare to its market cap?
CCH fundamental statistics
Market capUK£16.71b
Earnings (TTM)UK£811.28m
Revenue (TTM)UK£10.01b
20.6x
P/E Ratio
1.7x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CCH income statement (TTM)
Revenue€11.60b
Cost of Revenue€7.33b
Gross Profit€4.27b
Other Expenses€3.33b
Earnings€940.40m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 05, 2026

Earnings per share (EPS)2.58
Gross Margin36.80%
Net Profit Margin8.10%
Debt/Equity Ratio91.8%

How did CCH perform over the long term?

See historical performance and comparison

Dividends

2.3%
Current Dividend Yield
46%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/12 20:03
End of Day Share Price 2026/06/12 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Coca-Cola HBC AG is covered by 32 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexandra OldroydBarclays
Laurence WhyattBarclays
Mandeep SanghaBarclays