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Coca-Cola HBC AG CCH.L

GB · London Stock Exchange · XLON · stock · Consumer Defensive · website

Coca-Cola HBC AG statistics & valuation

Market cap€15.9B
P / E16.9×
P / S1.4×
P / B4.1×
P / FCF20.9×
Net margin8.1%
FCF margin6.6%
Net debt€1.4B
Enterprise value USD$22.7B
Earnings yield EBIT/EV7.8%
Return on capital18%
Graham number -99.4%€24.79

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€24.79); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.50% 6.20% 7.60% 8.10% 2022202320242025
Gross margin (%)
34.20% 34.90% 36.10% 36.80% 2022202320242025
Operating margin (%)
9.60% 9.40% 10.90% 11.60% 2022202320242025
Return on equity (%)
12.70% 20.60% 25.60% 24.50% 2022202320242025
Shares outstanding
364.5M 364.5M 364.5M 364.5M 2022202320242025
Net debt (€)
€2.70B €2.16B €2.43B €1.37B 2022202320242025
Share buybacks (€)
€0 €42.6M €183.0M €0 2022202320242025
Return on assets (%)
4.20% 6.40% 7.70% 8.10% 2022202320242025
Free cash flow margin (%)
7.70% 7.60% 7.20% 6.60% 2022202320242025
Debt / equity (×)
1.04× 1.11× 1.24× 1.02× 2022202320242025
EPS (€)
€1.13 €1.73 €2.25 €2.59 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Coca-Cola HBC AG trades at about 1688× earnings — above its 10-year norm (10-year range 1248.9×–1735.8×, median 1525.1×).

1248.9× 1735.8×

Shaded band = 10-year range (1248.9×–1735.8×); dot = today's 1688×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin36.8%36.1%34.9%34.2%
Operating margin11.6%10.9%9.4%9.6%
Net margin8.1%7.6%6.2%4.5%
FCF margin6.6%7.2%7.6%7.7%
Return on assets8.1%7.7%6.4%4.2%
Return on equity24.5%25.6%20.6%12.7%
Debt / equity0.75×0.91×0.75×0.89×
Current ratio1.191.171.021.24

Computed from company filings · GB · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.