Coca-Cola HBC AG (CDI) (CCH)

Sector:

Beverages

Index:

FTSE 100

2,744.00p
   
  • Change Today:
      22.00p
  • 52 Week High: 2,744.92p
  • 52 Week Low: 2,065.00p
  • Currency: UK Pounds
  • Shares Issued: 365.19m
  • Volume: 32,517
  • Market Cap: £10,021m

Key Financials

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 3.5% 3.4% 2.4% 2.3% 2.1%
           
Continuing Operations          
PE Ratio - Adjusted 15.5 20.3 19.8 24.3 22.3
PE Ratio - Diluted 15.5
15.5		 20.3
20.3		 19.9
19.9		 24.3
24.3		 22.4
22.4
PEG - Adjusted 0.3 n/a 0.6 n/a 2.2
PEG - Diluted 0.3
0.3		 n/a
n/a		 0.6
0.6		 n/a
n/a		 2.2
n/a
Return on Capital Employed 21.78%
21.78%		 15.24%
15.24%		 0.20%
0.20%		 18.59%
18.59%		 17.85%
17.85%
Operating Margin 9.32%
9.32%		 7.23%
7.23%		 11.19%
11.19%		 10.83%
10.83%		 10.37%
10.37%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 15.5 20.3 1,963.2 24.3 22.3
PE Ratio - Diluted 15.5
15.5		 20.3
20.3		 1,976.4
1,971.3		 24.3
24.3		 22.4
22.4
PEG - Adjusted 0.3 0.0 n/a n/a 2.2
PEG - Diluted 0.3
0.3		 0.0
0.0		 n/a
n/a		 n/a
n/a		 2.2
3.2

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 69.97% 82.26% 69.18% 64.99% 92.74%

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 168.05¢ 230.10¢ 294.19¢ 177.80¢ 163.54¢
Net Cash per Share n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 10,184.00 9,198.00 72.36 6,131.80 7,026.00
EBITDA 1,462.70
1,462.70		 1,164.70
1,164.70		 11.51
11.51		 664.00
664.00		 728.30
728.30
Depreciation (513.80)
(513.80)		 (500.00)
(500.00)		 (3.40)
(3.40)		 n/a
n/a		 n/a
n/a
Net Interest (48.30)
(48.30)		 (82.70)
(82.70)		 (0.68)
(0.68)		 (70.10)
(70.10)		 (67.10)
(67.10)
Profit Before Tax 910.30
910.30		 623.60
623.60		 7.42
7.42		 593.90
593.90		 661.20
661.20
           
Revenue per Share 2,768.90¢ 2,510.37¢ 19.82¢ 1,684.56¢ 1,931.81¢
Pre-Tax Profit per Share 247.50¢
247.50¢		 170.20¢
170.20¢		 2.03¢
2.03¢		 163.16¢
163.16¢		 181.80¢
181.80¢
Market Capitalisation   (Millions) 8,597.12 7,341.26 9,348.77 8,807.08 9,488.71
Enterprise Value (EV)   (Millions) 11,353.72 9,697.36 11,380.47 11,625.98 12,073.81
EBITDA/EV 12.88%
12.88%		 12.01%
12.01%		 0.10%
0.10%		 5.71%
5.71%		 6.03%
6.03%
Operating Margin 9.32%
9.32%		 7.23%
7.23%		 11.19%
11.19%		 10.83%
10.83%		 10.37%
10.37%
Capital Employed   (Millions) 4,402.00 4,634.50 4,014.50 3,572.70 4,079.00
Return on Capital Employed 21.78%
21.78%		 15.24%
15.24%		 0.20%
0.20%		 18.59%
18.59%		 17.85%
17.85%
Invested Equity Capital   (Millions) 3,452.20 3,653.80 3,431.00 2,630.70 2,974.60
           
Earnings per Share - Basic 173.00¢
173.06¢		 113.00¢
113.37¢		 150.00¢
149.92¢		 114.00¢
113.98¢		 134.00¢
134.04¢
Earnings per Share - Diluted 173.00¢
172.82¢		 113.00¢
113.22¢		 149.00¢
149.39¢		 114.00¢
113.58¢		 133.00¢
133.23¢
Earnings per Share - Adjusted 173.00¢ 113.00¢ 150.00¢ 114.00¢ 134.00¢
Earnings per Share Growth - Basic 53%
53%		 -25%
-24%		 32%
32%		 -15%
-15%		 10%
-0%
Earnings per Share Growth - Diluted 53%
53%		 -24%
-24%		 31%
32%		 -14%
-15%		 10%
-0%
Earnings per Share Growth - Adjusted 53% -25% 32% -15% 10%
PE Ratio - Diluted 15.5
15.5		 20.3
20.3		 19.9
19.9		 24.3
24.3		 22.4
22.4
PEG - Diluted 0.3
0.3		 n/a
n/a		 0.6
0.6		 n/a
n/a		 2.2
n/a
Tax Rate 30.49% 35.74% 25.50% 30.12% 26.19%
Dividend Cover 1.86
1.86		 1.45
1.45		 2.11
2.11		 1.78
1.78		 2.16
2.16
Interest Cover 9.75
9.75		 7.50
7.50		 11.08
11.08		 9.04
9.04		 10.01
10.01
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 173.00¢
173.06¢		 113.00¢
113.37¢		 1.51¢
1.51¢		 114.00¢
113.98¢		 134.00¢
134.04¢
Earnings per Share - Diluted 173.00¢
172.82¢		 113.00¢
113.22¢		 1.50¢
1.51¢		 114.00¢
113.58¢		 133.00¢
133.23¢
Earnings per Share - Adjusted 173.00¢ 113.00¢ 1.51¢ 114.00¢ 134.00¢
Earnings per Share Growth - Basic 53%
53%		 7,363%
7,392%		 -99%
-99%		 -15%
-15%		 10%
7%
Earnings per Share Growth - Diluted 53%
53%		 7,413%
7,408%		 -99%
-99%		 -14%
-15%		 10%
7%
Earnings per Share Growth - Adjusted 53% 7,363% -99% -15% 10%
PE Ratio - Diluted 15.5
15.5		 20.3
20.3		 1,976.4
1,971.3		 24.3
24.3		 22.4
22.4
PEG - Diluted 0.3
0.3		 0.0
0.0		 n/a
n/a		 n/a
n/a		 2.2
3.2
Dividend Cover 1.86
1.86		 1.45
1.45		 0.02
0.02		 1.78
1.78		 2.16
2.16
Return on Equity (ROE) 18.44%
18.44%		 11.37%
11.37%		 0.16%
0.16%		 15.77%
15.77%		 16.39%
16.39%
Operating Cash Flow per Share 377.03¢ 336.95¢ 312.93¢ 264.15¢ 254.66¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 191.82¢ (12.88¢) (1.22¢) 113.68¢ 28.84¢
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 93.00¢ 78.00¢ 71.00¢ 64.00¢ 62.00¢
Dividend per Share Growth 19.23% 9.86% 10.94% 3.23% 8.77%
Dividend Yield 3.5% 3.4% 2.4% 2.3% 2.1%
Shareholders Funds 3,092.80 3,282.30 3,114.50 2,630.70 2,697.50
Net Borrowings   (Millions) 2,163.90 2,700.00 2,154.60 1,709.70 2,501.70
Net Asset Value per Share (inc. Intangibles) 142.52¢ 201.91¢ 293.48¢ 177.09¢ 162.80¢

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 3,092.80 3,282.30 3,114.50 2,630.70 2,697.50
Net Borrowings   (Millions) 2,163.90 2,700.00 2,154.60 1,709.70 2,501.70
Net Gearing 69.97% 82.26% 69.18% 64.99% 92.74%
Cash & Near Cash 1,260.60 719.90 782.80 1,215.80 823.00
Cash 40.76% 21.93% 25.13% 46.22% 30.51%
Gross Borrowings 3,424.50 3,419.90 2,937.40 2,925.50 3,324.70
Gross Gearing 110.72% 104.19% 94.31% 111.21% 123.25%
Borrowings Under 5 years 3,424.50 3,419.90 2,937.40 2,925.50 3,324.70
Under 5 years 110.72% 104.19% 94.31% 111.21% 123.25%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 524.20 739.80 1,071.20 644.60 592.10
Net Borrowings   (Millions) 2,163.90 2,700.00 2,154.60 1,709.70 2,501.70
Net Gearing 412.80% 364.96% 201.14% 265.23% 422.51%
Cash & Near Cash 1,260.60 719.90 782.80 1,215.80 823.00
Cash 240.48% 97.31% 73.08% 188.61% 139.00%
Gross Borrowings 3,424.50 3,419.90 2,937.40 2,925.50 3,324.70
Gross Gearing 653.28% 462.27% 274.22% 453.85% 561.51%
Borrowings Under 5 years 3,424.50 3,419.90 2,937.40 2,925.50 3,324.70
Under 5 years 653.28% 462.27% 274.22% 453.85% 561.51%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 0.81 0.98 1.05 1.04 0.97
Current Ratio 1.02 1.24 1.25 1.25 1.15

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

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