Coca-Cola Europacific Partners Plc (CCEP) is slightly undervalued and Celsius Holdings Inc (CELH) is slightly overvalued.
Against our estimates of intrinsic value, CCEP trades at the wider discount: a margin of safety of +11%, against -6% for CELH.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.5% (average of 3 methods) values the shares at $114.97; the price of $102.31 is 11% below that value, and 82% of that value comes from beyond year five.
Leak Score 81/100 on 3 of 12 signals
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $27.65; the price of $29.39 is 6% above that value, and 78% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
| Metric | CCEP | CELH |
|---|---|---|
| Verdict | Slightly undervalued | Slightly overvalued |
| Price | $102.31 | $29.39 |
| Intrinsic value | $114.97 | $27.65 |
| Margin of safety | +11% | -6% |
| Leak Score | 81/100 (3/12) | 0/100 (3/12) |
| Market cap | $45.3B | $7.4B |
| Revenue growth, 5 years | 14.3% | 80.7% |
| Operating margin | 13.5% | 19.2% |
| Net margin | 9.3% | 2.0% |
| Return on equity | 24.6% | 7.5% |
| Debt to equity | 1.47 | 2.03 |
| P/E | 19.8x | 127.1x |
| Forward P/E | 18.2x | 16.9x |
| P/B | 4.8x | 6.2x |
| Dividend yield | 2.5% | — |