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Coca-Cola HBC AGATH:EEE +2.31%94 Intrinsic Value: Projected FCF is €34.05 as of Aug. 23, 2026, which is 100% below its 10-year median of 1.41. GuruFocus rates ATH:EEE with a GF Score™ of 94/100 and a GF Value™ of €39.02 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 76 Beverages - Non-Alcoholic companies, Coca-Cola HBC AG ranks worse than 61.84% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-23), Coca-Cola HBC AG's Intrinsic Value: Projected FCF is €34.05. The stock price of Coca-Cola HBC AG is €53.10. Therefore, Coca-Cola HBC AG's Price-to-Intrinsic-Value-Projected-FCF of today is 1.6.
The historical rank and industry rank for Coca-Cola HBC AG's Intrinsic Value: Projected FCF or its related term are showing as below:
ATH:EEE'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.07 Med: 1.41 Max: 1.84
Current: 1.56
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Coca-Cola HBC AG was 1.84. The lowest was 1.07. And the median was 1.41.
ATH:EEE's Price-to-Projected-FCF is ranked worse than 61.84% of 76
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.33
vs ATH:EEE: 1.56
Coca-Cola HBC AG (ATH:EEE) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Coca-Cola HBC AG's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
53.10
/
34.223240286153
=
1.55
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Coca-Cola HBC AG Intrinsic Value: Projected FCF Related Terms
Coca-Cola HBC AG Intrinsic Value: Projected FCF Historical Data
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The historical data trend for Coca-Cola HBC AG's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Coca-Cola HBC AG Intrinsic Value: Projected FCF Chart
ATH:EEE vs KO, PEP, MNST: Intrinsic Value: Projected FCF Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Coca-Cola HBC AG Price-to-Projected-FCF vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Coca-Cola HBC AG's Price-to-Projected-FCF falls into.
Coca-Cola HBC AG Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of €34.05 mean?
Coca-Cola HBC AG (ATH:EEE) has a Intrinsic Value: Projected FCF of €34.05 as of Aug. 23, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Coca-Cola HBC AG and its competitors. This is 2315% above median its historical median of 1.41. Over the past decade, Coca-Cola HBC AG's Intrinsic Value: Projected FCF has ranged from 1.07 to 1.84. According to the industry distribution chart, Coca-Cola HBC AG ranks #47 out of 76 companies in the Beverages - Non-Alcoholic industry, placing it in the top 61.8%.
Is Coca-Cola HBC AG's Intrinsic Value: Projected FCF too high?
Coca-Cola HBC AG's current Intrinsic Value: Projected FCF of €34.05 is 2315% above median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 1.84. Based on the distribution chart, Coca-Cola HBC AG ranks #47 out of 76 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Coca-Cola HBC AG has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola HBC AG's Intrinsic Value: Projected FCF compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola HBC AG ranks #47 out of 76 companies for Intrinsic Value: Projected FCF. This places Coca-Cola HBC AG in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.33. Historically, Coca-Cola HBC AG's own Intrinsic Value: Projected FCF has ranged from 1.07 to 1.84 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Beverages - Non-Alcoholic company?
The median Intrinsic Value: Projected FCF among Beverages - Non-Alcoholic companies is 1.33, based on 76 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Coca-Cola HBC AG and its competitors. For the Beverages - Non-Alcoholic industry, the median Intrinsic Value: Projected FCF is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola HBC AG's current Intrinsic Value: Projected FCF is €34.05, which is 2315% above median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola HBC AG stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola HBC AG (ATH:EEE) is currently considered Significantly Overvalued. The stock's GF Value™ is €39.02, compared to a current price of €53.10 — trading 36.1% above its estimated fair value. The current Intrinsic Value: Projected FCF is €34.05, which is 2315% above median its 10-year median of 1.41. Coca-Cola HBC AG's overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Coca-Cola HBC AG (ATH:EEE), the current Intrinsic Value: Projected FCF is €34.05 as of Aug. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Coca-Cola HBC AG (ATH:EEE) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola HBC AG stock appears to be overvalued.
The current stock price of €53.10 is trading 36.1% above its estimated GF Value™ of €39.02.
GuruFocus considers Coca-Cola HBC AG to be Significantly Overvalued.
Key valuation signals for ATH:EEE:
Intrinsic Value: Projected FCF: €34.05 (2315% above median its 10-year median of 1.41)
GF Value™: €39.02 vs. price of €53.10 (36.1% above fair value)
No single metric tells the full story. See the ATH:EEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2025, CCHBC sold 2.9 billion unit cases of beverages. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.
94GF Score
Get the complete analysis for ATH:EEE
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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