🥤 Company Overview: Coca-Cola HBC AG
Coca-Cola HBC (Hellenic Bottling Company) is one of the largest bottlers of The Coca-Cola Company’s brands, operating across:
- 28 countries in Europe, Africa, and Asia
- Key markets include Italy, Nigeria, Russia (exited), Poland, and Greece
- Product categories: Sparkling soft drinks, water, juices, energy drinks, RTD tea & coffee
Headquartered in Switzerland, listed in London, and part of the FTSE 100, CCH is a strategic bottling partner with a focus on route-to-market excellence, digital transformation, and sustainability.
📊 Valuation Metrics (as of 19 Sept 2025)
| Metric | Value | Commentary |
|---|---|---|
| Share Price | 2,374.00p | Up +1.63% today |
| Market Cap | ~£8.7B | Large-cap consumer staples |
| P/E Ratio (TTM) | ~16.90 | Reasonable for a branded bottler |
| Forward P/E | ~15.20 | Reflects expected margin expansion |
| PEG Ratio | ~1.10 | Fairly valued relative to growth |
| Dividend Yield | ~3.25% | Attractive for income portfolios |
| Annual Dividend | ~77.0¢ | Paid semi-annually |
| EPS (TTM) | ~140.5¢ | Solid earnings base |
| Revenue (FY 2024) | €9.2B | Up from €8.3B in FY 2023 |
| Profit Before Tax | €1.1B | Margin improvement YoY |
🧠 Strategic Highlights
- Volume Growth: +4.2% YoY, led by Nigeria and Italy
- Digital Execution: SmartCoolers, B2B platforms, and predictive analytics
- Sustainability: 100% rPET targets, water stewardship, and carbon neutrality goals
- Risks: FX volatility, geopolitical exposure (e.g. Nigeria), input cost inflation
CCH offers a blend of defensive income and emerging market growth, with strong brand leverage and operational discipline.
