Ships Will Sail Around the World but the Market Perception Remains Flawed
Coca-Cola HBC's share price has risen by 113% over the last three years, outpacing its EPS growth of 15%. The company's TSR of 134% for the same period exceeds its share price return, largely due to dividend payments. Despite a recent 20% share price gain in thirty days, sentiment around the company remains positive.
- The significant gap between Coca-Cola HBC's EPS and share price growth indicates that market perception is driven by optimism rather than fundamental analysis.
- What are the underlying factors driving this divergence, and do they suggest a sustainable business model for the company?