Intrinsic value of Coca-Cola European Partners - CCE

Previous Close

$43.42

  Intrinsic Value

$182.22

stock screener

  Rating & Target

str. buy

+320%

Previous close

$43.42

 
Intrinsic value

$182.22

 
Up/down potential

+320%

 
Rating

str. buy

We calculate the intrinsic value of CCE stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 21.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  38.10
  34.79
  31.81
  29.13
  26.72
  24.55
  22.59
  20.83
  19.25
  17.82
  16.54
  15.39
  14.35
  13.41
  12.57
  11.81
  11.13
  10.52
  9.97
  9.47
  9.02
  8.62
  8.26
  7.93
  7.64
  7.38
  7.14
  6.92
  6.73
  6.56
Revenue, $m
  18,339
  24,720
  32,583
  42,074
  53,315
  66,402
  81,402
  98,360
  117,293
  138,199
  161,058
  185,841
  212,506
  241,010
  271,311
  303,366
  337,141
  372,609
  409,751
  448,560
  489,039
  531,203
  575,078
  620,702
  668,126
  717,408
  768,621
  821,847
  877,176
  934,710
Variable operating expenses, $m
  14,760
  19,439
  25,206
  32,168
  40,412
  50,010
  61,012
  73,449
  87,335
  102,668
  118,125
  136,301
  155,858
  176,764
  198,987
  222,497
  247,269
  273,282
  300,523
  328,987
  358,675
  389,599
  421,778
  455,241
  490,022
  526,168
  563,729
  602,766
  643,345
  685,543
Fixed operating expenses, $m
  754
  771
  788
  805
  823
  841
  859
  878
  898
  917
  938
  958
  979
  1,001
  1,023
  1,045
  1,068
  1,092
  1,116
  1,140
  1,166
  1,191
  1,217
  1,244
  1,272
  1,300
  1,328
  1,357
  1,387
  1,418
Total operating expenses, $m
  15,514
  20,210
  25,994
  32,973
  41,235
  50,851
  61,871
  74,327
  88,233
  103,585
  119,063
  137,259
  156,837
  177,765
  200,010
  223,542
  248,337
  274,374
  301,639
  330,127
  359,841
  390,790
  422,995
  456,485
  491,294
  527,468
  565,057
  604,123
  644,732
  686,961
Operating income, $m
  2,825
  4,510
  6,589
  9,102
  12,081
  15,551
  19,531
  24,033
  29,060
  34,613
  41,996
  48,582
  55,669
  63,246
  71,301
  79,823
  88,804
  98,235
  108,112
  118,433
  129,198
  140,412
  152,082
  164,218
  176,832
  189,941
  203,565
  217,724
  232,443
  247,750
EBITDA, $m
  4,619
  6,471
  8,758
  11,522
  14,797
  18,613
  22,989
  27,938
  33,466
  39,571
  46,248
  53,488
  61,279
  69,608
  78,463
  87,832
  97,704
  108,072
  118,930
  130,275
  142,109
  154,436
  167,264
  180,604
  194,470
  208,881
  223,856
  239,420
  255,600
  272,426
Interest expense (income), $m
  0
  373
  658
  1,016
  1,458
  1,992
  2,624
  3,360
  4,203
  5,156
  6,221
  7,396
  8,681
  10,075
  11,574
  13,176
  14,880
  16,682
  18,581
  20,575
  22,663
  24,845
  27,121
  29,491
  31,958
  34,523
  37,189
  39,960
  42,839
  45,831
  48,942
Earnings before tax, $m
  2,453
  3,852
  5,573
  7,643
  10,089
  12,927
  16,171
  19,830
  23,904
  28,393
  34,600
  39,900
  45,594
  51,672
  58,125
  64,944
  72,122
  79,654
  87,537
  95,770
  104,354
  113,292
  122,591
  132,260
  142,309
  152,752
  163,605
  174,885
  186,612
  198,808
Tax expense, $m
  662
  1,040
  1,505
  2,064
  2,724
  3,490
  4,366
  5,354
  6,454
  7,666
  9,342
  10,773
  12,310
  13,951
  15,694
  17,535
  19,473
  21,507
  23,635
  25,858
  28,175
  30,589
  33,100
  35,710
  38,423
  41,243
  44,173
  47,219
  50,385
  53,678
Net income, $m
  1,791
  2,812
  4,068
  5,580
  7,365
  9,437
  11,805
  14,476
  17,450
  20,727
  25,258
  29,127
  33,284
  37,721
  42,431
  47,409
  52,649
  58,148
  63,902
  69,912
  76,178
  82,703
  89,492
  96,550
  103,886
  111,509
  119,432
  127,666
  136,227
  145,130

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  30,163
  40,657
  53,591
  69,201
  87,690
  109,214
  133,886
  161,776
  192,916
  227,300
  264,899
  305,659
  349,516
  396,399
  446,235
  498,957
  554,509
  612,844
  673,933
  737,763
  804,340
  873,689
  945,852
  1,020,892
  1,098,891
  1,179,948
  1,264,180
  1,351,721
  1,442,723
  1,537,352
Adjusted assets (=assets-cash), $m
  30,163
  40,657
  53,591
  69,201
  87,690
  109,214
  133,886
  161,776
  192,916
  227,300
  264,899
  305,659
  349,516
  396,399
  446,235
  498,957
  554,509
  612,844
  673,933
  737,763
  804,340
  873,689
  945,852
  1,020,892
  1,098,891
  1,179,948
  1,264,180
  1,351,721
  1,442,723
  1,537,352
Revenue / Adjusted assets
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
  0.608
Average production assets, $m
  14,525
  19,578
  25,806
  33,323
  42,226
  52,590
  64,471
  77,901
  92,896
  109,453
  127,558
  147,186
  168,305
  190,880
  214,878
  240,266
  267,016
  295,106
  324,523
  355,260
  387,319
  420,713
  455,462
  491,596
  529,156
  568,187
  608,748
  650,903
  694,723
  740,290
Working capital, $m
  -128
  -173
  -228
  -295
  -373
  -465
  -570
  -689
  -821
  -967
  -1,127
  -1,301
  -1,488
  -1,687
  -1,899
  -2,124
  -2,360
  -2,608
  -2,868
  -3,140
  -3,423
  -3,718
  -4,026
  -4,345
  -4,677
  -5,022
  -5,380
  -5,753
  -6,140
  -6,543
Total debt, $m
  12,177
  18,820
  27,007
  36,889
  48,592
  62,216
  77,834
  95,488
  115,200
  136,965
  160,765
  186,566
  214,328
  244,004
  275,551
  308,924
  344,088
  381,014
  419,684
  460,088
  502,231
  546,129
  591,808
  639,309
  688,682
  739,991
  793,310
  848,724
  906,328
  966,228
Total liabilities, $m
  19,093
  25,736
  33,923
  43,804
  55,508
  69,132
  84,750
  102,404
  122,116
  143,881
  167,681
  193,482
  221,244
  250,920
  282,467
  315,840
  351,004
  387,930
  426,600
  467,004
  509,147
  553,045
  598,724
  646,225
  695,598
  746,907
  800,226
  855,640
  913,244
  973,144
Total equity, $m
  11,070
  14,921
  19,668
  25,397
  32,182
  40,081
  49,136
  59,372
  70,800
  83,419
  97,218
  112,177
  128,272
  145,478
  163,768
  183,117
  203,505
  224,914
  247,333
  270,759
  295,193
  320,644
  347,128
  374,667
  403,293
  433,041
  463,954
  496,082
  529,479
  564,208
Total liabilities and equity, $m
  30,163
  40,657
  53,591
  69,201
  87,690
  109,213
  133,886
  161,776
  192,916
  227,300
  264,899
  305,659
  349,516
  396,398
  446,235
  498,957
  554,509
  612,844
  673,933
  737,763
  804,340
  873,689
  945,852
  1,020,892
  1,098,891
  1,179,948
  1,264,180
  1,351,722
  1,442,723
  1,537,352
Debt-to-equity ratio
  1.100
  1.260
  1.370
  1.450
  1.510
  1.550
  1.580
  1.610
  1.630
  1.640
  1.650
  1.660
  1.670
  1.680
  1.680
  1.690
  1.690
  1.690
  1.700
  1.700
  1.700
  1.700
  1.700
  1.710
  1.710
  1.710
  1.710
  1.710
  1.710
  1.710
Adjusted equity ratio
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,791
  2,812
  4,068
  5,580
  7,365
  9,437
  11,805
  14,476
  17,450
  20,727
  25,258
  29,127
  33,284
  37,721
  42,431
  47,409
  52,649
  58,148
  63,902
  69,912
  76,178
  82,703
  89,492
  96,550
  103,886
  111,509
  119,432
  127,666
  136,227
  145,130
Depreciation, amort., depletion, $m
  1,793
  1,962
  2,169
  2,420
  2,717
  3,062
  3,458
  3,906
  4,406
  4,957
  4,252
  4,906
  5,610
  6,363
  7,163
  8,009
  8,901
  9,837
  10,817
  11,842
  12,911
  14,024
  15,182
  16,387
  17,639
  18,940
  20,292
  21,697
  23,157
  24,676
Funds from operations, $m
  3,584
  4,774
  6,237
  7,999
  10,081
  12,499
  15,263
  18,381
  21,855
  25,684
  29,510
  34,033
  38,894
  44,083
  49,594
  55,418
  61,550
  67,985
  74,720
  81,754
  89,089
  96,727
  104,674
  112,936
  121,524
  130,449
  139,723
  149,363
  159,384
  169,806
Change in working capital, $m
  -35
  -45
  -55
  -66
  -79
  -92
  -105
  -119
  -133
  -146
  -160
  -173
  -187
  -200
  -212
  -224
  -236
  -248
  -260
  -272
  -283
  -295
  -307
  -319
  -332
  -345
  -358
  -373
  -387
  -403
Cash from operations, $m
  3,619
  4,818
  6,292
  8,066
  10,160
  12,590
  15,368
  18,500
  21,988
  25,830
  29,670
  34,207
  39,081
  44,283
  49,806
  55,642
  61,786
  68,233
  74,980
  82,026
  89,372
  97,022
  104,981
  113,256
  121,856
  130,794
  140,082
  149,735
  159,771
  170,209
Maintenance CAPEX, $m
  -350
  -484
  -653
  -860
  -1,111
  -1,408
  -1,753
  -2,149
  -2,597
  -3,097
  -3,648
  -4,252
  -4,906
  -5,610
  -6,363
  -7,163
  -8,009
  -8,901
  -9,837
  -10,817
  -11,842
  -12,911
  -14,024
  -15,182
  -16,387
  -17,639
  -18,940
  -20,292
  -21,697
  -23,157
New CAPEX, $m
  -4,013
  -5,053
  -6,228
  -7,517
  -8,903
  -10,364
  -11,881
  -13,430
  -14,995
  -16,557
  -18,105
  -19,628
  -21,119
  -22,576
  -23,998
  -25,388
  -26,750
  -28,090
  -29,417
  -30,737
  -32,059
  -33,394
  -34,749
  -36,135
  -37,559
  -39,032
  -40,561
  -42,154
  -43,821
  -45,567
Cash from investing activities, $m
  -4,363
  -5,537
  -6,881
  -8,377
  -10,014
  -11,772
  -13,634
  -15,579
  -17,592
  -19,654
  -21,753
  -23,880
  -26,025
  -28,186
  -30,361
  -32,551
  -34,759
  -36,991
  -39,254
  -41,554
  -43,901
  -46,305
  -48,773
  -51,317
  -53,946
  -56,671
  -59,501
  -62,446
  -65,518
  -68,724
Free cash flow, $m
  -744
  -719
  -588
  -312
  146
  818
  1,735
  2,921
  4,396
  6,176
  7,916
  10,327
  13,056
  16,097
  19,445
  23,092
  27,027
  31,242
  35,726
  40,472
  45,471
  50,718
  56,208
  61,939
  67,910
  74,124
  80,582
  87,289
  94,254
  101,484
Issuance/(repayment) of debt, $m
  5,277
  6,643
  8,187
  9,882
  11,703
  13,624
  15,617
  17,655
  19,711
  21,765
  23,800
  25,801
  27,762
  29,677
  31,546
  33,373
  35,164
  36,926
  38,669
  40,405
  42,143
  43,898
  45,679
  47,501
  49,373
  51,309
  53,319
  55,414
  57,604
  59,900
Issuance/(repurchase) of shares, $m
  1,254
  1,039
  679
  150
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  6,531
  7,682
  8,866
  10,032
  11,703
  13,624
  15,617
  17,655
  19,711
  21,765
  23,800
  25,801
  27,762
  29,677
  31,546
  33,373
  35,164
  36,926
  38,669
  40,405
  42,143
  43,898
  45,679
  47,501
  49,373
  51,309
  53,319
  55,414
  57,604
  59,900
Total cash flow (excl. dividends), $m
  5,787
  6,963
  8,277
  9,720
  11,849
  14,443
  17,352
  20,575
  24,108
  27,942
  31,716
  36,129
  40,817
  45,774
  50,991
  56,465
  62,191
  68,168
  74,396
  80,876
  87,614
  94,615
  101,887
  109,440
  117,284
  125,433
  133,900
  142,703
  151,858
  161,384
Retained Cash Flow (-), $m
  -3,045
  -3,851
  -4,747
  -5,729
  -6,785
  -7,899
  -9,055
  -10,236
  -11,428
  -12,619
  -13,799
  -14,959
  -16,096
  -17,206
  -18,290
  -19,349
  -20,387
  -21,409
  -22,420
  -23,426
  -24,434
  -25,451
  -26,484
  -27,540
  -28,626
  -29,748
  -30,913
  -32,128
  -33,398
  -34,729
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  2,742
  3,112
  3,531
  3,991
  5,064
  6,544
  8,297
  10,340
  12,680
  15,323
  17,918
  21,170
  24,722
  28,568
  32,702
  37,116
  41,804
  46,759
  51,976
  57,451
  63,180
  69,164
  75,403
  81,900
  88,658
  95,685
  102,987
  110,575
  118,461
  126,655
Discount rate, %
  6.40
  6.72
  7.06
  7.41
  7.78
  8.17
  8.58
  9.01
  9.46
  9.93
  10.42
  10.95
  11.49
  12.07
  12.67
  13.31
  13.97
  14.67
  15.40
  16.17
  16.98
  17.83
  18.72
  19.66
  20.64
  21.67
  22.76
  23.89
  25.09
  26.34
PV of cash for distribution, $m
  2,577
  2,732
  2,877
  2,998
  3,482
  4,085
  4,664
  5,187
  5,623
  5,946
  6,019
  6,086
  6,009
  5,796
  5,462
  5,030
  4,526
  3,980
  3,418
  2,866
  2,345
  1,872
  1,456
  1,103
  814
  583
  406
  274
  180
  114
Current shareholders' claim on cash, %
  94.4
  91.1
  89.6
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3
  89.3

Coca-Cola European Partners plc, a consumer packaged goods company, produces, distributes, and markets a range of non-alcoholic ready-to-drink beverages in Europe. The company was founded in 2015 and is headquartered in Uxbridge, United Kingdom. Coca-Cola European Partners plc is a subsidiary of The Coca-Cola Company.

FINANCIAL RATIOS  of  Coca-Cola European Partners (CCE)

Valuation Ratios
P/E Ratio 0
Price to Sales 0
Price to Book 0
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow 0
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 0%
Ret/ On Assets - 3 Yr. Avg. 0%
Return On Total Capital 0%
Ret/ On T. Cap. - 3 Yr. Avg. 0%
Return On Equity 0%
Return On Equity - 3 Yr. Avg. 0%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

CCE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CCE stock intrinsic value calculation we used $13279.7118848 million for the last fiscal year's total revenue generated by Coca-Cola European Partners. The default revenue input number comes from 0001 income statement of Coca-Cola European Partners. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CCE stock valuation model: a) initial revenue growth rate of 38.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.4%, whose default value for CCE is calculated based on our internal credit rating of Coca-Cola European Partners, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Coca-Cola European Partners.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CCE stock the variable cost ratio is equal to 83.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $738 million in the base year in the intrinsic value calculation for CCE stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Coca-Cola European Partners.

Corporate tax rate of 27% is the nominal tax rate for Coca-Cola European Partners. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CCE stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CCE are equal to 79.2%.

Life of production assets of 31.2 years is the average useful life of capital assets used in Coca-Cola European Partners operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CCE is equal to -0.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $8025.21008403 million for Coca-Cola European Partners - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 484.586 million for Coca-Cola European Partners is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Coca-Cola European Partners at the current share price and the inputted number of shares is $21.0 billion.

RELATED COMPANIES Price Int.Val. Rating
KO Coca-Cola 44.91 17.04  str.sell
PEP PepsiCo 105.63 118.49  hold

COMPANY NEWS

▶ [$$] Coca-Cola European Partners Raises Guidance   [Sep-12-18 07:14AM  The Wall Street Journal]
▶ Why Coca-Cola European Partners plc (AMS:CCE) Could Be A Buy   [Jun-25-18 06:45AM  Simply Wall St.]
▶ Is It Time To Buy Coca-Cola European Partners plc (AMS:CCE)?   [Jun-05-18 05:34AM  Simply Wall St.]
▶ Goldman Sachs: Drink in These Beverage Stocks   [Apr-18-18 11:53AM  Investopedia]
▶ [$$] A European Coke Bottler Could Offer Bubbly Returns   [Mar-10-18 12:01AM  Barrons.com]
▶ Standard form for notification of major holdings   [Sep-13-17 10:00AM  Business Wire]
▶ [$$] Chief's exit fuels talk Mondelez could be back in play   [Aug-03-17 07:48AM  Financial Times]
▶ Total Voting Rights and Capital   [Aug-01-17 06:30AM  Business Wire]
▶ General Mills names Coca-Cola exec as new global chief marketing officer   [Jun-22-17 01:21PM  American City Business Journals]
▶ Why this community bank has big plans for the East Bay   [Jun-09-17 06:45PM  American City Business Journals]
▶ Beverage Companies Release Earnings This Week   [May-05-17 11:01AM  Investopedia]

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