Coca-Cola Z Score

CCEP
 Stock
  

USD 52.49  0.75  1.41%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Continue to Coca-Cola European Piotroski F Score and Coca-Cola European Valuation analysis.
  
Coca-Cola European Return on Invested Capital is very stable at the moment as compared to the past year. Coca-Cola European reported last year Return on Invested Capital of 0.11. As of 7th of December 2022, Market Capitalization is likely to grow to about 25.9 B, while Capital Expenditure is likely to drop (454.2 M). Coca-Cola European Interest Expense is very stable at the moment as compared to the past year. Coca-Cola European reported last year Interest Expense of 172 Million. As of 7th of December 2022, Net Income is likely to grow to about 1.1 B, while Cost of Revenue is likely to drop about 8.2 B.

Coca-Cola Z Score Analysis

Coca-Cola European's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2019 2020 2021 2022 (projected)
Consolidated Income1.09 B498 M982 M930.28 M
Direct Expenses7.42 B6.87 B8.68 B7.54 B
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Coca-Cola European Z Score

    
  1.6  
Most of Coca-Cola European's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Coca-Cola European Partners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Coca-Cola Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Coca-Cola European is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Coca-Cola European's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Coca-Cola European's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Coca-Cola European's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, Coca-Cola European Partners has a Z Score of 1.6. This is 82.34% lower than that of the Beverages sector and significantly higher than that of the Consumer Staples industry. The z score for all United States stocks is 81.65% higher than that of the company.

Coca-Cola Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Coca-Cola European's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Coca-Cola European could also be used in its relative valuation, which is a method of valuing Coca-Cola European by comparing valuation metrics of similar companies.
Coca-Cola European is currently under evaluation in z score category among related companies.

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)

Coca-Cola Fundamentals

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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Coca-Cola European in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Coca-Cola European's short interest history, or implied volatility extrapolated from Coca-Cola European options trading.

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 Piotroski F Score and Coca-Cola European Valuation 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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.