Coca-Cola Europacific Partners Plc (CCEP) is slightly undervalued and Keurig Dr Pepper Inc (KDP) is slightly undervalued.
Against our estimates of intrinsic value, KDP trades at the wider discount: a margin of safety of +14%, against +11% for CCEP.
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 7.1% (average of 3 methods) values the shares at $36.83; the price of $31.51 is 14% below that value, and 83% of that value comes from beyond year five.
Leak Score 33/100 on 10 of 12 signals
| Metric | CCEP | KDP |
|---|---|---|
| Verdict | Slightly undervalued | Slightly undervalued |
| Price | $102.31 | $31.51 |
| Intrinsic value | $114.97 | $36.83 |
| Margin of safety | +11% | +14% |
| Leak Score | 81/100 (3/12) | 33/100 (10/12) |
| Market cap | $45.3B | $42.9B |
| Revenue growth, 5 years | 14.3% | 7.4% |
| Operating margin | 13.5% | 16.9% |
| Net margin | 9.3% | 6.7% |
| Return on equity | 24.6% | 5.7% |
| Debt to equity | 1.47 | 1.50 |
| P/E | 19.8x | 31.9x |
| Forward P/E | 18.2x | 12.4x |
| P/B | 4.8x | 1.7x |
| Dividend yield | 2.5% | 3.0% |