Coca-Cola Piotroski F Score

CCEP
 Stock
  

USD 52.49  0.01  0.019%   

This module uses fundamental data of Coca-Cola European to approximate its Piotroski F score. Coca-Cola European F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Coca-Cola European Partners. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Coca-Cola European financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Coca-Cola European Altman Z Score, Coca-Cola European Correlation, Coca-Cola European Valuation, as well as analyze Coca-Cola European Alpha and Beta and Coca-Cola European Hype Analysis.
  
Coca-Cola European Issuance Repayment of Debt Securities is very stable at the moment as compared to the past year. Coca-Cola European reported last year Issuance Repayment of Debt Securities of 4.06 Billion. As of 7th of December 2022, Long Term Debt to Equity is likely to grow to 1.73, while Debt Non Current is likely to drop about 9.5 B. Coca-Cola European Cash and Equivalents Turnover is very stable at the moment as compared to the past year. Coca-Cola European reported last year Cash and Equivalents Turnover of 9.39. As of 7th of December 2022, Return on Investment is likely to grow to 11.00, while Operating Margin is likely to drop 9.78.
At this time, it appears that Coca-Cola European's Piotroski F Score is Strong. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
8.0
Piotroski F Score - Strong
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginIncreaseFocus

Coca-Cola European Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Coca-Cola European is to make sure Coca-Cola is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Coca-Cola European's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Coca-Cola European's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted369.1 M457 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares367.7 M456 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets5.094.0888
Fairly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations2.3 B2.1 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities6.6 B6.1 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities23.8 B22.1 B
Significantly Up
Increasing
Slightly volatile
Gross Margin41.3336.9542
Moderately Up
Decreasing
Stable
Total Debt10.6 B13.1 B
Significantly Down
Increasing
Slightly volatile
Asset Turnover0.740.5696
Significantly Up
Decreasing
Slightly volatile
Current Assets6.2 B5.8 B
Significantly Up
Increasing
Slightly volatile
Total Assets31.4 B29.1 B
Significantly Up
Increasing
Slightly volatile

Coca-Cola European F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Coca-Cola European's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Coca-Cola European in a much-optimized way.

About Coca-Cola European Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

16.06

Coca-Cola European Book Value per Share is very stable at the moment as compared to the past year. Coca-Cola European reported last year Book Value per Share of 15.43

Coca-Cola European Current Valuation Drivers

We derive many important indicators used in calculating different scores of Coca-Cola European from analyzing Coca-Cola European's financial statements. These drivers represent accounts that assess Coca-Cola European's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Coca-Cola European's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee29.28 K38.68 K62.29 K22.57 K29.94 K28.92 K
Revenue Per Employee470.72 K490.13 K686.76 K480.77 K417.06 K408.16 K
Average Assets18.58 B18.39 B18.45 B18.96 B24.16 B21.79 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.79 B1.85 B2.23 B1.55 B2.32 B2.5 B
Earnings Before Interest Taxes and Depreciation Amortization USD2.1 B2.08 B2.46 B1.83 B2.55 B2.4 B
Earnings before Tax1.16 B1.21 B1.45 B695 M1.38 B1.3 B
Average Equity6.64 B6.73 B6.36 B6.09 B6.53 B6.22 B
Enterprise Value25.74 B27.73 B30.74 B30.05 B39.3 B37.6 B
Free Cash Flow1.14 B1.21 B1.31 B1.13 B1.7 B1.51 B
Invested Capital9.39 B8.83 B9.65 B9.83 B17.47 B14.63 B
Invested Capital Average9.71 B9.15 B9.24 B9.74 B13.65 B12.16 B
Market Capitalization19.25 B22.22 B24.16 B22.74 B25.5 B25.87 B
Tangible Asset Value7.29 B7.31 B7.66 B8.31 B11.83 B10.41 B
Working Capital27 M(801 M)(1.01 B)(64 M)(333 M)(359.29 M)

About Coca-Cola European Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Coca-Cola European Partners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Coca-Cola European using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Coca-Cola European Partners based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. Coca-Cola Europacific Partners PLC was founded in 1986 and is based in Uxbridge, the United Kingdom. Coca Cola operates under BeveragesNon-Alcoholic classification in the United States and is traded on NASDAQ Exchange. It employs 22000 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Coca-Cola European without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Coca-Cola European

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Coca-Cola European position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Coca-Cola European will appreciate offsetting losses from the drop in the long position's value.

Moving together with Coca-Cola European

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Moving against Coca-Cola European

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The ability to find closely correlated positions to Coca-Cola European could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coca-Cola European when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Coca-Cola European - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Coca-Cola European Partners to buy it.
The correlation of Coca-Cola European is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coca-Cola European moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coca-Cola European moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Coca-Cola European can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Coca-Cola European Altman Z Score, Coca-Cola European Correlation, Coca-Cola European Valuation, as well as analyze Coca-Cola European Alpha and Beta and Coca-Cola European Hype Analysis. Note that the Coca-Cola European information on this page should be used as a complementary analysis to other Coca-Cola European's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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Is Coca-Cola European's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coca-Cola European. If investors know Coca-Cola will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coca-Cola European listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
1.754
Market Capitalization
24.3 B
Quarterly Revenue Growth YOY
0.399
Return On Assets
0.0416
Return On Equity
0.1944
The market value of Coca-Cola European is measured differently than its book value, which is the value of Coca-Cola that is recorded on the company's balance sheet. Investors also form their own opinion of Coca-Cola European's value that differs from its market value or its book value, called intrinsic value, which is Coca-Cola European's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coca-Cola European's market value can be influenced by many factors that don't directly affect Coca-Cola European's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coca-Cola European's value and its price as these two are different measures arrived at by different means. Investors typically determine Coca-Cola European value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coca-Cola European's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.