Business Summary Coca-Cola Amatil Limited (CCL) manufactures and distributes carbonated soft drinks, water, sports and energy drinks, fruit juice, flavoured milk, coffee and packaged ready-to-eat fruit and vegetable products. CCL is the principal Coca-Cola licensee in Australia and independently manufactures its own soft drinks and mineral waters. CCL sells and distributes the premium spirits portfolio of Beam Global Spirits & Wines. CCL also operates in Australia, New Zealand, Fiji, Indonesia, Papua New Guinea and Samoa. Brands: CCL's product portfolio consists of non-alcoholic drink brands such as Coca-Cola, diet Coke, Coke Zero, Fanta, Sprite, Powerade, Glaceau and Pump, as well as other trademark beverages of The Coca-Cola Company. CCL bottles and distributes these brands in its territories under licence from The Coca-Cola Company. Beverage brands owned, manufactured and distributed by CCL include Mount Franklin, Deep Spring and Kirks. The premium spirits portfolio Beam Global Spirits & Wines consists of Jim Beam, Canadian Club, Makers Mark and The Famous Grouse. Latest Research Alert: Container Deposit Scheme Likely in Vic in 2023 Container scheme goes national – The Victorian Government has announced a container deposit scheme (CDS) will be launched in Victoria in 2023. Further details have not been released. If Victoria follows other states in structure and the refund amount, we estimate 0.9% EPS downside for FY23e. For more information see research 26 Feb 2020. GICS - Food/Beverage/Tobacco Coca-Cola Amatil Limited ASX Code: CCL Price: $11.45 12 Mth Target Price: $10.60 Rating: Sell Important Disclaimer - This may affect your legal rights: Because this document has been prepared without consideration of any specific client's financial situation, particular needs and investment objectives, a Bell Potter Securities Limited investment adviser (or the financial services licensee, or the proper authority of such licensee, who has provided you with this report by arrangement with Bell Potter Securities Limited) should be consulted before any investment decision is made. While this document is based on the information from sources which are considered reliable, Bell Potter Securities Limited, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate. Nor does Bell Potter Securities Limited accept any responsibility to inform you of any matter that subsequently comes to its notice, which may affect any of the information contained in this document. This document is a private communication to clients and is not intended for public circulation or for the use of any third party, without the prior approval of Bell Potter Securities Limited. This is general investment advice only and does not constitute advice to any person. Disclosure of Interest: Bell Potter Securities Limited receives commission from dealing in securities and its authorised representatives, or introducers of business, may directly share in this commission. Bell Potter Securities and its associates may hold shares in the companies recommended. Snapshot Date Market Cap. Shares on issue 12 Month High 12 Month Low 7 March 2020 $8,290m 724.0m $13.18 $8.26 Rating Rating 12 Mth Target Price Capital Gain Gross Yield Implied Total Return Sell $10.60 -9.0% 5.0% -4.0% Investment Fundamentals FYE 31 Dec 2019A 2020F 2021F 2022F Profit $m 394.0 420.0 436.0 443.0 Profit (norm)* $m 394.0 420.0 436.0 443.0 EPS* ¢ 54.0 58.0 60.0 61.0 EPS Growth % 0.0 7.4 3.5 1.7 P/E* x 21.6 20.1 19.4 19.1 P/E Relative % 0.0 0.0 0.0 0.0 DPS ¢ 51.0 51.0 47.0 49.0 Yield % 4.4 4.4 4.0 4.2 Franking % 50.0 65.0 65.0 65.0 * Adjusted for goodwill and unusual items Source: Based on Citi estimates Share Price Chart Total Return on $10,000 Investment
2
Embed
Coca-Cola Amatil Limited ASX Code: CCL Price: $11.49 12 Mth … · Coca-Cola Amatil Limited (CCL) manufactures and distributes carbonated soft drinks, water, sports and energy drinks,
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Business SummaryCoca-Cola Amatil Limited (CCL) manufactures and distributes carbonatedsoft drinks, water, sports and energy drinks, fruit juice, flavoured milk, coffeeand packaged ready-to-eat fruit and vegetable products. CCL is the principalCoca-Cola licensee in Australia and independently manufactures its own softdrinks and mineral waters. CCL sells and distributes the premium spiritsportfolio of Beam Global Spirits & Wines. CCL also operates in Australia,New Zealand, Fiji, Indonesia, Papua New Guinea and Samoa.
Brands: CCL's product portfolio consists of non-alcoholic drink brands suchas Coca-Cola, diet Coke, Coke Zero, Fanta, Sprite, Powerade, Glaceau andPump, as well as other trademark beverages of The Coca-Cola Company.CCL bottles and distributes these brands in its territories under licence fromThe Coca-Cola Company. Beverage brands owned, manufactured anddistributed by CCL include Mount Franklin, Deep Spring and Kirks. Thepremium spirits portfolio Beam Global Spirits & Wines consists of Jim Beam,Canadian Club, Makers Mark and The Famous Grouse.
Latest ResearchAlert: Container Deposit Scheme Likely in Vic in 2023
Container scheme goes national – The Victorian Government hasannounced a
container deposit scheme (CDS) will be launched in Victoria in 2023.Further details have not been released. If Victoria follows other states instructure and the refund amount, we estimate 0.9% EPS downside forFY23e.
Important Disclaimer - This may affect your legal rights: Because this document has been prepared without consideration of any specific client's financial situation, particular needs and investmentobjectives, a Bell Potter Securities Limited investment adviser (or the financial services licensee, or the proper authority of such licensee, who has provided you with this report by arrangement withBell Potter Securities Limited) should be consulted before any investment decision is made. While this document is based on the information from sources which are considered reliable, Bell PotterSecurities Limited, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.Nor does Bell Potter Securities Limited accept any responsibility to inform you of any matter that subsequently comes to its notice, which may affect any of the information contained in this document.This document is a private communication to clients and is not intended for public circulation or for the use of any third party, without the prior approval of Bell Potter Securities Limited. This is generalinvestment advice only and does not constitute advice to any person.Disclosure of Interest: Bell Potter Securities Limited receives commission from dealing in securities and its authorised representatives, or introducers of business, may directly share in thiscommission. Bell Potter Securities and its associates may hold shares in the companies recommended.
Snapshot
DateMarket Cap.Shares on issue12 Month High12 Month Low
7 March 2020$8,290m724.0m$13.18$8.26
RatingRating12 Mth Target Price
Capital GainGross Yield
Implied Total Return
Sell$10.60-9.0%5.0%-4.0%
Investment FundamentalsFYE 31 Dec 2019A 2020F 2021F 2022F