Coca-Cola Europacific Partners Plc (CCEP) is slightly undervalued and Coca-Cola Co (KO) is overvalued.
Against our estimates of intrinsic value, CCEP trades at the wider discount: a margin of safety of +11%, against -80% for KO.
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 7.4% (average of 3 methods) values the shares at $49.15; the price of $88.61 is 80% above that value, and 82% of that value comes from beyond year five.
Leak Score 65/100 on 10 of 12 signals
| Metric | CCEP | KO |
|---|---|---|
| Verdict | Slightly undervalued | Overvalued |
| Price | $102.31 | $88.61 |
| Intrinsic value | $114.97 | $49.15 |
| Margin of safety | +11% | -80% |
| Leak Score | 81/100 (3/12) | 65/100 (10/12) |
| Market cap | $45.3B | $381.2B |
| Revenue growth, 5 years | 14.3% | 7.9% |
| Operating margin | 13.5% | 31.9% |
| Net margin | 9.3% | 28.3% |
| Return on equity | 24.6% | 44.2% |
| Debt to equity | 1.47 | 1.20 |
| P/E | 19.8x | 26.7x |
| Forward P/E | 18.2x | 25.1x |
| P/B | 4.8x | 10.6x |
| Dividend yield | 2.5% | 2.5% |