Coca-Cola Europacific Partners (CCEP) vs PepsiCo, Inc. (PEP)

Coca-Cola Europacific Partners and PepsiCo, Inc. are both Beverages Non Alcoholic companies. PepsiCo, Inc. is the larger, with a market value of $174.5B against $44.6B — 3.9× the size. Coca-Cola Europacific Partners trades at the lower P/E: 13.9× against 16.9×. Coca-Cola Europacific Partners grew revenue faster over the last twelve months: 41.4% against 5.62%. PepsiCo, Inc. has the higher net margin (10.8% vs 9.08%) and the higher return on invested capital (16.6% vs 0.00%). Both pay a dividend; Coca-Cola Europacific Partners yields more (2.98% vs 2.84%). Across the 23 metrics below, Coca-Cola Europacific Partners leads on 14 and PepsiCo, Inc. on 9.

Valuation

Metric CCEP PEP Beverages Non Alcoholic median
P/E 13.89 16.86 21.29
P/S 1.26 1.81 1.65
P/B 4.58 7.89 4.58
Price to free cash flow 13.45 33.55 20.78
EV/EBITDA 8.91 11.09 11.71
EV/Sales 1.58 2.14 2.05
Earnings yield 7.20% 5.93% 3.53%
Free cash flow yield 7.43% 2.98% 4.40%

Profitability

Metric CCEP PEP Beverages Non Alcoholic median
Gross margin 36.03% 53.96% 41.13%
Operating margin 0.00% 14.82% 13.39%
Net margin 9.08% 10.78% 8.35%
Free cash flow margin 0.00% 10.02% 8.38%
Return on equity 0.00% 51.19% 23.98%
Return on assets 0.00% 9.61% 8.96%
Return on invested capital 0.00% 16.57% 14.10%

Growth

Metric CCEP PEP Beverages Non Alcoholic median
Revenue growth (TTM) 41.44% 5.62% 10.11%
EPS growth (last fiscal year) 44.74% (13.67%) —
Revenue growth, 5-year CAGR 14.31% 5.94% 10.75%
Net income growth, 5-year CAGR 31.03% 2.96% 10.26%

Health

Metric CCEP PEP Beverages Non Alcoholic median
Debt to equity 1.39 1.91 0.00
Current ratio 0.89 0.93 1.30
Net debt to EBITDA 2.60 2.09 0.08

Dividend

Metric CCEP PEP Beverages Non Alcoholic median
Dividend yield 2.98% 2.84% 3.00%
Payout ratio 0.49 0.83 0.03

Size

Metric CCEP PEP Beverages Non Alcoholic median
Market cap 44.59b 174.47b 3.40b

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