Coca-Cola Europacific Partners PLC
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|YR | LOCK|L?>l | LOCK|pgCtB?? |
Coca-Cola Europacific Partners: Sound Performance to Close Out the Fiscal Year
We maintain our USD 64/GBX 5,000 fair value estimates for narrow-moat Coca-Cola Europacific Partners after the firm reported its full-year 2024 results ahead of our revenue estimates but below our profitability expectations. 2025 guidance was lighter than our initial forecasts; however, we view it as reasonable given the current demand environment in Europe. We believe the firm is on track to meet our medium-term forecasts, and we think performance will be largely supported by growth from the Philippines business. Shares were up around 2% following the announcement, and we continue to view the stock as overvalued.
