Coca-Cola Europacific Partners Plc (CCEP) is slightly undervalued and Coca-Cola Consolidated Inc (COKE) is slightly overvalued.
Against our estimates of intrinsic value, CCEP trades at the wider discount: a margin of safety of +11%, against -15% for COKE.
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 7.9% (average of 3 methods) values the shares at $166.54; the price of $190.98 is 15% above that value, and 80% of that value comes from beyond year five.
Leak Score 44/100 on 2 of 12 signals
| Metric | CCEP | COKE |
|---|---|---|
| Verdict | Slightly undervalued | Slightly overvalued |
| Price | $102.31 | $190.98 |
| Intrinsic value | $114.97 | $166.54 |
| Margin of safety | +11% | -15% |
| Leak Score | 81/100 (3/12) | 44/100 (2/12) |
| Market cap | $45.3B | $12.7B |
| Revenue growth, 5 years | 14.3% | 7.6% |
| Operating margin | 13.5% | 13.0% |
| Net margin | 9.3% | 7.2% |
| Return on equity | 24.6% | 97.3% |
| Debt to equity | 1.47 | — |
| P/E | 19.8x | 26.1x |
| Forward P/E | 18.2x | — |
| P/B | 4.8x | — |
| Dividend yield | 2.5% | 0.5% |