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C&C Group Plc
(LSE:CCR)
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Rating:58Neutral
Price Target:
105.00 p
▲(9.95% Upside)
Action:Reiterated
Date:10/28/26
The score is driven primarily by a mixed financial profile (recovered profitability and positive cash flow, but recent revenue softness, margin pressure signals, and reduced 2026 free cash flow) and only moderately supportive technicals. Valuation is a key headwind due to the very high P/E, while earnings-call commentary is a modest positive thanks to improving profitability/cash flow and clearer medium-term targets, tempered by weak Distribution trends and flat FY 2028 expectations.
Positive Factors
Brand strength and market share
The branded portfolio is showing evidence of competitive strength across beer and cider, with share gains and leading positions in key markets. This supports pricing power, customer relevance and a stronger platform for sustained growth than distribution activity alone.
Negative Factors
Distribution revenue and profit decline
The distribution division remains a drag on group performance, with lower revenue and profit exposing weakness in outlets and selected wine and spirits categories. Continued contraction could dilute branded growth and limit the benefits of the route-to-market network.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand strength and market share
The branded portfolio is showing evidence of competitive strength across beer and cider, with share gains and leading positions in key markets. This supports pricing power, customer relevance and a stronger platform for sustained growth than distribution activity alone.
Read all positive factors
C&C Group Plc (CCR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£388.96M
Dividend Yield4.72%
Average Volume (3M)1.10M
Price to Earnings (P/E)152.0
Beta (1Y)1.01
Revenue Growth-3.68%
EPS Growth-76.00%
CountryUK
Employees2,762
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)0.01
Shares Outstanding370,565,030
10 Day Avg. Volume949,072
30 Day Avg. Volume1,095,796
Financial Highlights & Ratios
PEG Ratio-1.97
Price to Book (P/B)0.96
Price to Sales (P/S)0.32
P/FCF Ratio19.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£149.00Price Target Upside56.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.1
Revenue Forecast (FY)£1.49B
C&C Group Plc Business Overview & Revenue Model
Company Description
C&C Group Plc engages in the manufacturing, marketing, and distribution of branded beer, cider, wine, soft drinks, and bottled water. It operates through the Ireland and Great Britain geographical segments. The Ireland segment sells products in Ir...
How the Company Makes Money
C&C Group makes money primarily through (1) selling its own branded beverages and (2) earning margin from distributing beverages (its own brands and third-party brands) through its logistics and wholesale network.
1) Branded beverage sales (manu...
C&C Group Plc Earnings Call Summary
Earnings Call Date:Oct 28, 2026
(Q2-2027)
| % Change Since: |
Next Earnings Date:May 26, 2027
Earnings Call Sentiment Positive
The call was broadly positive. C&C reported higher operating profit, improved margins, substantially stronger underlying free cash flow, lower leverage, progress on strategic simplification, completed acquisitions and encouraging brand and innovation performance. These positives were partly offset by lower group and Distribution revenue, a low and unchanged MCB margin, the absence of Distribution pricing benefits in the first half, ongoing volume-growth challenges, exceptional charges and uncertainty around consumer demand and costs.Positive Updates
Operating Profit, Margin and Cash Flow Improvement
H1 operating profit increased 4% year-on-year to EUR 43.4 million from EUR 41.9 million, while group operating margin increased 40 basis points to 5.5%. Underlying free cash flow rose 18% to EUR 36.9 million from EUR 31.2 million.
Negative Updates
Group Revenue Decline
Group revenue declined 3% year-on-year on a constant currency basis, despite growth in the Branded business.
Read all updates
Q2-2027 Updates
Positive
Negative
Operating Profit, Margin and Cash Flow Improvement
H1 operating profit increased 4% year-on-year to EUR 43.4 million from EUR 41.9 million, while group operating margin increased 40 basis points to 5.5%. Underlying free cash flow rose 18% to EUR 36.9 million from EUR 31.2 million.
Read all positive updates
Company Guidance
Management expects FY 2028 to be flat on this year with growth thereafter, targeting operating profit of EUR 85 million in FY 2030 and free cash flow generation of over EUR 100 million over the three years FY 2028 to FY 2030, after both leases and exceptional costs; it is targeting leverage of 1x-1.5x on a pre-IFRS 16 basis, expects full year exceptional charges to be lower than last year, expects a pretty similar Christmas to last year, and intends to pay a progressive ordinary dividend for the full year, FY 2027, with the interim dividend set at EUR 0.02 per share, which is 4% lower than last year's interim dividend.C&C Group Plc Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.53B | 1.54B | 1.67B | 1.65B | 1.69B | 1.44B |
| Gross Profit | 56.02M | 53.47M | 383.40M | 381.10M | 400.80M | 329.20M |
| EBITDA | 90.58M | 86.69M | 73.80M | -59.40M | 100.10M | 74.60M |
| Net Income | 4.24M | 3.44M | 13.60M | -113.50M | 40.30M | 37.10M |
Balance Sheet | ||||||
| Total Assets | 1.30B | 1.30B | 1.35B | 1.37B | 1.42B | 1.47B |
| Cash, Cash Equivalents and Short-Term Investments | 110.53M | 135.80M | 144.00M | 160.10M | 115.30M | 64.70M |
| Total Debt | 360.01M | 397.28M | 357.00M | 328.80M | 268.00M | 336.00M |
| Total Liabilities | 767.37M | 782.83M | 787.20M | 780.60M | 683.70M | 769.70M |
| Stockholders Equity | 533.81M | 516.75M | 560.70M | 587.00M | 739.20M | 699.00M |
Cash Flow | ||||||
| Free Cash Flow | 27.13M | 25.56M | 42.40M | 63.30M | 70.80M | 15.90M |
| Operating Cash Flow | 40.78M | 36.56M | 60.90M | 83.30M | 86.00M | 33.00M |
| Investing Cash Flow | -20.52M | -12.48M | -15.10M | -19.50M | 49.10M | -2.20M |
| Financing Cash Flow | -42.97M | -24.97M | -66.90M | -20.90M | -83.20M | -76.30M |
C&C Group Plc Technical Analysis
Positive
95.50
Price Trends
98.62
Positive
97.51
Positive
103.35
Positive
Market Momentum
1.20
Negative
62.38
Neutral
59.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CCR, the sentiment is Positive. The current price of 95.5 is below the 20-day moving average (MA) of 99.49, below the 50-day MA of 98.62, and below the 200-day MA of 103.35, indicating a bullish trend. The MACD of 1.20 indicates Negative momentum. The RSI at 62.38 is Neutral, neither overbought nor oversold. The STOCH value of 59.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CCR.
C&C Group Plc Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £644.13M | 14.12 | 13.40% | 3.30% | 6.88% | -5.66% | |
68 Neutral | £17.07B | 20.28 | 25.10% | 2.19% | 12.76% | 12.70% | |
64 Neutral | £38.67B | 29.64 | 15.52% | 2.15% | -6.47% | -28.83% | |
64 Neutral | £1.01B | 42.58 | 11.88% | 1.90% | 1.74% | 2.83% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | £388.96M | 152.00 | 0.62% | 4.72% | -3.68% | -76.00% | |
52 Neutral | £39.55M | -6.57 | -10.61% | 2.37% | -20.43% | -38.55% |
* Consumer Defensive Sector Average
GB:CCR
C&C Group Plc
105.60
-24.01
-18.53%
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GB:WINE
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C&C Group Plc Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
C&C Group Executives Increase Holdings Through Share Incentive Plan
Positive
Oct 20, 2026
CC Group plc disclosed that three senior executives acquired shares in the company under its U.K. Share Incentive Plan on 15 October 2026. Chief Marketing Officer Cara Chambers, Chief People Officer Karen Bates and Chief Commercial Officer Paul Gr...
Business Operations and StrategyDividendsFinancial Disclosures
C&C Group Sets Profit, Cash Flow Targets and Updates Capital Strategy at Capital Markets Day
Positive
Sep 24, 2026
CC Group plc is a major player in the U.K. and Irish drinks market, combining manufacturing and distribution of branded beer, cider, wine, spirits, and soft drinks with a strong hospitality-focused network. With flagship labels such as Bulmers and...
Other
C&C Group Executives Add Shares Through Incentive Plan
Neutral
Sep 16, 2026
CC Group plc has disclosed that three senior executives purchased ordinary shares in the company under its UK-administered Share Incentive Plan, with the purchases made on 15 September 2026 on the London Stock Exchange. Chief Marketing Officer Car...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
C&C Group to acquire Asahi UK wholesale arm as trading meets expectations
Positive
Sep 11, 2026
CC Group plc has agreed to acquire Asahi UK’s wholesale interests, including Nectar Imports and direct distribution operations, for nominal consideration, integrating them into its Matthew Clark Bibendum unit and securing a long-term partner...
Regulatory Filings and Compliance
C&C Group Updates Market on Total Voting Rights and Share Capital
Neutral
Sep 1, 2026
CC Group plc has confirmed that, as of 31 August 2026, its issued share capital stands at 379,590,028 ordinary shares of €0.01 each, of which 9,025,000 are held in treasury and carry no voting rights. This leaves a total of 370,565,028 votin...
Business Operations and StrategyRegulatory Filings and Compliance
C&C Group Executives Acquire Shares Under UK Incentive Plan
Positive
Aug 19, 2026
CC Group plc has disclosed share purchases by three senior executives under its U.K. Share Incentive Plan. Chief Marketing Officer Cara Chambers, Chief People Officer Karen Bates and Chief Commercial Officer Paul Graham acquired partnership shares...
Regulatory Filings and Compliance
C&C Group updates market on total voting rights and share capital
Neutral
Aug 5, 2026
CC Group plc has confirmed that, as of 31 July 2026, its issued share capital stands at 379,590,028 ordinary shares of €0.01 each, with 9,025,000 of those held in treasury without voting rights. This leaves a total of 370,565,028 voting righ...
Business Operations and Strategy
C&C Group Plans Glasgow Capital Markets Day to Deepen Investor Engagement
Positive
Aug 5, 2026
CC Group plc, the Dublin-headquartered premium drinks manufacturer and distributor behind Bulmers, Tennent’s and a portfolio of craft and premium brands, is enhancing its investor engagement as it continues to leverage its dominant distribut...
DividendsRegulatory Filings and Compliance
C&C Group Executives Reinvest Dividends via Share Incentive Plan
Positive
Jul 29, 2026
CC Group plc has disclosed routine share transactions under its Share Incentive Plan, in which cash dividends paid on 12 June 2026 were reinvested on 24 July 2026 into ordinary shares for senior executives. The reinvestment, executed by the plan&#...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.