Coca-Cola Europacific Partners
CCEP Consumer Defensive Beverages Non Alcoholic
Coca-Cola Europacific Partners' revenue for fiscal 2025 (year ended December 2025) was $23.6 billion, up 6.92% from fiscal 2024. Member of the Nasdaq 100; revenue growth for five consecutive years.
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Coca-Cola Europacific Partners (CCEP) Altman Z-score
Coca-Cola Europacific Partners's Altman Z-score for fiscal 2025 is 2.38, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.38 | 0.27 |
| FY2024 | 2.11 | 0.05 |
| FY2023 | 2.05 | 0.25 |
| FY2022 | 1.81 | 0.26 |
| FY2021 | 1.54 | (0.49) |
| FY2020 | 2.03 | (0.29) |
| FY2019 | 2.32 | 0.03 |
| FY2018 | 2.30 | 0.05 |
| FY2017 | 2.25 | 0.60 |
| FY2016 | 1.64 | (1.09) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.05) | — | −0.06 | |
| Retained earnings / total assets | 0.30 | — | 0.41 | |
| EBIT / total assets | 0.09 | — | 0.31 | |
| Market value of equity / total liabilities | 1.69 | — | 1.02 | |
| Sales / total assets | 0.70 | — | 0.70 | |
| Altman Z-score | Grey zone | 2.38 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.66 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MNST Monster Beverage Corporation compare | 29.3× |
| COCO Vita Coco Company, Inc. compare | 17.4× |
| KO CocaCola Company (The) compare | 4.6× |
| COKE Coca-Cola Consolidated, Inc. compare | 3.8× |
| PEP PepsiCo, Inc. compare | 3.5× |
| KOF Coca Cola Femsa S.A.B. de C.V. compare | 3.3× |
| CELH Celsius Holdings Inc. compare | 2.6× |
| CCEP Coca-Cola Europacific Partners | 2.4× |
| KDP Keurig Dr Pepper, Inc compare | 1.4× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets