Introduction
On August 9th, 2000, Hellenic Bottling Company S.A and Coca-Cola Beverages Plc. joined together to form the CCHBC Group. This acquisition of Coca-Cola Beverages by Hellenic Bottling Company S.A caused it to become the second largest bottler in the world based on the sales volume. In 2013, the company made an effort to improve recognition and awareness among the global investor community by reorganising under a Swiss holding company with listing on the London Stock Exchange, FTSE 100 and FTSE All-Share indices. This helped the Group optimise their borrowing costs and capital structure.
The Group controls, oversees and operates and intricate network of autonomous bottling plants including 68 plants and 312 filling lines, 252 distribution centres and …show more content…
2013 2012
221.2/ (7274.8- 737.5- 1853.6- 2066.1) 193.4/ (7250.1- 439.1- 1604.7- 2222.3)
€ 0.0540m € 0.0648m
ROIC gives investors a good idea of how well management is putting their borrowed funds to work. The greater the spread between ROIC and WACC, the better position the company is in to create wealth and add value. In the case of Coca Cola, the ROIC seems to have decreased from 2012 – 2013 by 0.0108m€ which is a negative aspect for the company
Leverage ratios
CCHBC’s ability to meet its obligations is a key factor when considering investing in the company. Debt Ratio informs us whether a company has enough assets to meet its debts. Lower the Debt Ratio, the more lucrative it appears to the investor. In the case of CCHBC, the Debt Ratio is 0.6, which is slightly higher than the ideal figure of 0.5. However, this figure has remained consistent over the past couple years and appears to be stable.
Debt ratio =Total Liabilities / Total Assets
2013 2012
4,307.5/7,274.8 4,243.6/7,250.1
0.6
On August 9th, 2000, Hellenic Bottling Company S.A and Coca-Cola Beverages Plc. joined together to form the CCHBC Group. This acquisition of Coca-Cola Beverages by Hellenic Bottling Company S.A caused it to become the second largest bottler in the world based on the sales volume. In 2013, the company made an effort to improve recognition and awareness among the global investor community by reorganising under a Swiss holding company with listing on the London Stock Exchange, FTSE 100 and FTSE All-Share indices. This helped the Group optimise their borrowing costs and capital structure.
The Group controls, oversees and operates and intricate network of autonomous bottling plants including 68 plants and 312 filling lines, 252 distribution centres and …show more content…
2013 2012
221.2/ (7274.8- 737.5- 1853.6- 2066.1) 193.4/ (7250.1- 439.1- 1604.7- 2222.3)
€ 0.0540m € 0.0648m
ROIC gives investors a good idea of how well management is putting their borrowed funds to work. The greater the spread between ROIC and WACC, the better position the company is in to create wealth and add value. In the case of Coca Cola, the ROIC seems to have decreased from 2012 – 2013 by 0.0108m€ which is a negative aspect for the company
Leverage ratios
CCHBC’s ability to meet its obligations is a key factor when considering investing in the company. Debt Ratio informs us whether a company has enough assets to meet its debts. Lower the Debt Ratio, the more lucrative it appears to the investor. In the case of CCHBC, the Debt Ratio is 0.6, which is slightly higher than the ideal figure of 0.5. However, this figure has remained consistent over the past couple years and appears to be stable.
Debt ratio =Total Liabilities / Total Assets
2013 2012
4,307.5/7,274.8 4,243.6/7,250.1
0.6