Coca-Cola Europacific Partners Plc (CCEP) is slightly undervalued and Primo Brands Corp (PRMB) is slightly undervalued.
Against our estimates of intrinsic value, CCEP trades at the wider discount: a margin of safety of +11%, against +9% for PRMB.
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 7.3% (average of 3 methods) values the shares at $21.64; the price of $19.64 is 9% below that value, and 83% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | CCEP | PRMB |
|---|---|---|
| Verdict | Slightly undervalued | Slightly undervalued |
| Price | $102.31 | $19.64 |
| Intrinsic value | $114.97 | $21.64 |
| Margin of safety | +11% | +9% |
| Leak Score | 81/100 (3/12) | 0/100 (2/12) |
| Market cap | $45.3B | $7.1B |
| Revenue growth, 5 years | 14.3% | 27.8% |
| Operating margin | 13.5% | 10.4% |
| Net margin | 9.3% | 1.5% |
| Return on equity | 24.6% | 3.6% |
| Debt to equity | 1.47 | 1.91 |
| P/E | 19.8x | 71.8x |
| Forward P/E | 18.2x | 13.2x |
| P/B | 4.8x | 2.4x |
| Dividend yield | 2.5% | 2.4% |