COCA-COLA EUROPACIFIC PARTNERS plcCCEP
Price$100.79Intrinsic value$95.126% below price

Qualitative Analysis

Business overview

Business Overview

Coca-Cola Europacific Partners plc (CCEP) is one of the world's leading consumer goods companies and the second-largest bottling partner in the global Coca-Cola system by volume, accounting for approximately 9% of total system volume. The company operates as a major bottler and distributor across 31 countries, serving nearly 600 million consumers and over 4 million customers across Western Europe, Australasia, and the Asia-Pacific region (including the Philippines). CCEP's extensive portfolio features some of the world's most recognized non-alcoholic ready-to-drink beverage brands, including Coca-Cola, Fanta, Sprite, Monster Energy, and Dr Pepper. The company is listed on multiple major exchanges, including NASDAQ, Euronext Amsterdam, the London Stock Exchange, and the Spanish Stock Exchanges, and is a constituent of both the NASDAQ 100 and FTSE 100 indices.

Research as of 5 Jun 2026

Strategic Initiatives

Growth programs, investments, and their expected impact

AI-assisted
Broaden the total beverage portfolioGrowth

CCEP is prioritising zero-sugar beverages, energy, sports and hydration. In H1 2026, zero-sugar innovation volumes increased approximately 10%, sports volumes increased approximately 12%, and energy growth was supported by wider distribution and new products.

Expected impact: Broader participation in faster-growing beverage categories and additional distribution opportunities across CCEP's markets.

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TimelineOngoing through FY2026 and beyond.
Expand cooler coverage and customer reachExpansion

CCEP added more than 80,000 coolers in H1 2026, increasing its installed base by approximately 5%, and secured customers including Parkdean Resorts, Papa John's, Domino's Australia and Marriott.

Expected impact: Greater cold-drink availability, improved distribution and a more favourable package and channel mix.

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InvestmentPart of management's record investment programme; no initiative-specific amount was disclosed.
TimelineActive during FY2026.
Scale the Southeast Asia growth engineExpansion

CCEP is expanding in Indonesia and the Philippines through a redesigned route-to-market model, product innovation and additional production capacity. Indonesia returned to sparkling-volume growth in H1 2026, while the Philippines maintained profitable topline momentum.

Expected impact: Higher distribution reach and production capacity in two priority Southeast Asian markets.

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InvestmentIncludes investment in a new Philippines production facility; the project-specific amount was not disclosed.
TimelineRoute-to-market work was completed by the end of 2025; the Philippines facility is expected to start production in 2027.
Unlock growth with AI and technologyTransformation

CCEP is progressing its S/4HANA deployment, trained 8,000 colleagues through AI and data workshops, introduced the KIRA agentic-AI application for brand insights, and enhanced promotion-evaluation and pricing tools.

Expected impact: Faster market decisions and more sophisticated revenue-and-margin-growth management.

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InvestmentIncluded within management's record investment focus on AI, technology and supply chain; no separate amount was disclosed.
TimelineS/4HANA deployment and associated AI adoption were ongoing at 4 August 2026.
Sharpen competitiveness and shared servicesEfficiency

CCEP is combining productivity programmes, discretionary-spend controls and cross-channel promotion tools with a growing Manila shared-service operation that employed more than 250 colleagues by H1 2026.

Expected impact: Further operating-expense leverage and support for management's approximately 7% FY2026 comparable operating-profit-growth objective.

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TimelineMulti-year programme continuing through FY2026.

Mergers, Acquisitions & Partnerships

Recent deals and strategic collaborations

AI-assisted

Recent Acquisitions

Coca-Cola Beverages Philippines, Inc.

The acquisition increased CCEP's exposure to the Philippines, which management identifies as a core component of its Southeast Asia growth engine.

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Strategic Partnerships

BacardiMulti-year distribution agreement for premium spirits and alcohol ready-to-drink brands in Australia.

The agreement began in late 2025 and supports CCEP's alcohol ready-to-drink portfolio following the end of Suntory alcohol distribution in Australia.

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AI-assisted, source-linked narrative; figures from company filings (SEC EDGAR) and market data. Dates shown per section. Not investment advice. Terms of Use.