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Britvic PLC
Buy, Hold or Sell?

Let's analyse Britvic together

PenkeI guess you are interested in Britvic PLC. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Britvic PLC. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Britvic (30 sec.)










What can you expect buying and holding a share of Britvic? (30 sec.)

How much money do you get?

How much money do you get?
p1.47
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
p151.35
Expected worth in 1 year
p25.68
How sure are you?
92.3%

+ What do you gain per year?

Total Gains per Share
p-8.98
Return On Investment
-1.1%

For what price can you sell your share?

Current Price per Share
p821.00
Expected price per share
p787.53 - p836.50
How sure are you?
50%

1. Valuation of Britvic (5 min.)




Live pricePrice per Share (EOD)

p821.00

Intrinsic Value Per Share

p387.82 - p772.45

Total Value Per Share

p539.17 - p923.80

2. Growth of Britvic (5 min.)




Is Britvic growing?

Current yearPrevious yearGrowGrow %
How rich?$494.2m$615.7m-$121.5m-24.6%

How much money is Britvic making?

Current yearPrevious yearGrowGrow %
Making money$156.4m$176.6m-$20.1m-12.9%
Net Profit Margin7.1%8.7%--

How much money comes from the company's main activities?

3. Financial Health of Britvic (5 min.)




What can you expect buying and holding a share of Britvic? (5 min.)

Welcome investor! Britvic's management wants to use your money to grow the business. In return you get a share of Britvic.

What can you expect buying and holding a share of Britvic?

First you should know what it really means to hold a share of Britvic. And how you can make/lose money.

Speculation

The Price per Share of Britvic is p821.00. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Britvic.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Britvic, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is p151.35. Based on the TTM, the Book Value Change Per Share is p-31.42 per quarter. Based on the YOY, the Book Value Change Per Share is p29.18 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is p29.17 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Britvic.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 p% of Price per Sharep% of Price per Sharep% of Price per Sharep% of Price per Sharep% of Price per Share
Usd Eps0.600.1%0.600.1%0.660.1%0.490.1%0.510.1%
Usd Book Value Change Per Share-0.400.0%-0.400.0%0.370.0%0.020.0%0.130.0%
Usd Dividend Per Share0.370.0%0.370.0%0.320.0%0.340.0%0.310.0%
Usd Total Gains Per Share-0.030.0%-0.030.0%0.690.1%0.360.0%0.440.1%
Usd Price Per Share11.00-11.00-9.05-11.08-9.82-
Price to Earnings Ratio18.20-18.20-13.66-23.79-19.93-
Price-to-Total Gains Ratio-388.24--388.24-13.14--31.10--4.07-
Price to Book Ratio5.76-5.76-3.93-5.66-6.97-
Price-to-Total Gains Ratio-388.24--388.24-13.14--31.10--4.07-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share10.359378
Number of shares96
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.370.34
Usd Book Value Change Per Share-0.400.02
Usd Total Gains Per Share-0.030.36
Gains per Quarter (96 shares)-2.7234.35
Gains per Year (96 shares)-10.88137.39
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1141-152-211307127
2283-304-3226015264
3424-457-4339022401
4565-609-5452030538
5707-761-6565037675
6848-913-7678045812
7989-1066-8791052949
81131-1218-981040591086
91272-1370-1091170671223
101414-1522-1201300741360

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%6.00.00.0100.0%13.00.00.0100.0%24.01.00.096.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%3.03.00.050.0%8.03.02.061.5%14.09.02.056.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%6.00.00.0100.0%13.00.00.0100.0%22.00.03.088.0%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%5.01.00.083.3%12.01.00.092.3%22.03.00.088.0%

Fundamentals of Britvic

About Britvic PLC

Britvic plc, together with its subsidiaries, manufactures, markets, distributes, and sells soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally. It provides fruit juices, syrups, squash, mineral water, sodas, mixers, and energy and flavored drinks. The company supplies water-coolers and bottled water; offers pension funding and financing services; and designs, installs, as well as engages in maintenance of integrated tap related solutions. It offers its products under the 7UP, Aqua Libra, Ballygowan, Britvic, Fruit Shot, Gatorade, J2O, Jimmy's Iced Coffee, Lipton, The London Essence, Mathieu Teisseire, Mountain Dew, Pepsi MAX, Plenish, Purdey's, Robinson's, Rockstar, R. White's, Tango, and Teisseire brands. Britvic plc was founded in 1930 and is based in Hemel Hempstead, the United Kingdom.

Fundamental data was last updated by Penke on 2024-03-07 21:53:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Britvic PLC.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Britvic earns for each 1 of revenue.

  • Above 10% is considered healthy but always compare Britvic to the Beverages - Non-Alcoholic industry mean.
  • A Net Profit Margin of 7.1% means that 0.07 for each 1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Britvic PLC:

  • The MRQ is 7.1%. The company is making a profit. +1
  • The TTM is 7.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ7.1%TTM7.1%0.0%
TTM7.1%YOY8.7%-1.6%
TTM7.1%5Y6.6%+0.5%
5Y6.6%10Y7.1%-0.5%
1.1.2. Return on Assets

Shows how efficient Britvic is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Britvic to the Beverages - Non-Alcoholic industry mean.
  • 6.5% Return on Assets means that Britvic generated 0.07 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Britvic PLC:

  • The MRQ is 6.5%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 6.5%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ6.5%TTM6.5%0.0%
TTM6.5%YOY7.1%-0.5%
TTM6.5%5Y5.7%+0.9%
5Y5.7%10Y6.5%-0.8%
1.1.3. Return on Equity

Shows how efficient Britvic is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Britvic to the Beverages - Non-Alcoholic industry mean.
  • 31.7% Return on Equity means Britvic generated 0.32 for each 1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Britvic PLC:

  • The MRQ is 31.7%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 31.7%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ31.7%TTM31.7%0.0%
TTM31.7%YOY28.7%+3.0%
TTM31.7%5Y24.7%+7.0%
5Y24.7%10Y61.5%-36.8%

1.2. Operating Efficiency of Britvic PLC.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Britvic is operating .

  • Measures how much profit Britvic makes for each 1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Britvic to the Beverages - Non-Alcoholic industry mean.
  • An Operating Margin of 10.9% means the company generated 0.11  for each 1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Britvic PLC:

  • The MRQ is 10.9%. The company is operating less efficient.
  • The TTM is 10.9%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ10.9%TTM10.9%0.0%
TTM10.9%YOY12.4%-1.6%
TTM10.9%5Y11.1%-0.3%
5Y11.1%10Y11.5%-0.4%
1.2.2. Operating Ratio

Measures how efficient Britvic is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Beverages - Non-Alcoholic industry mean).
  • An Operation Ratio of 0.89 means that the operating costs are 0.89 for each 1 in net sales.

Let's take a look of the Operating Ratio trends of Britvic PLC:

  • The MRQ is 0.891. The company is less efficient in keeping operating costs low.
  • The TTM is 0.891. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.891TTM0.8910.000
TTM0.891YOY0.876+0.016
TTM0.8915Y0.833+0.058
5Y0.83310Y0.932-0.099

1.3. Liquidity of Britvic PLC.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Britvic is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Beverages - Non-Alcoholic industry mean).
  • A Current Ratio of 0.96 means the company has 0.96 in assets for each 1 in short-term debts.

Let's take a look of the Current Ratio trends of Britvic PLC:

  • The MRQ is 0.957. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.957. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.957TTM0.9570.000
TTM0.957YOY1.050-0.093
TTM0.9575Y0.971-0.014
5Y0.97110Y1.003-0.031
1.3.2. Quick Ratio

Measures if Britvic is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Britvic to the Beverages - Non-Alcoholic industry mean.
  • A Quick Ratio of 0.63 means the company can pay off 0.63 for each 1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Britvic PLC:

  • The MRQ is 0.628. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.628. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.628TTM0.6280.000
TTM0.628YOY0.719-0.091
TTM0.6285Y0.654-0.026
5Y0.65410Y0.527+0.127

1.4. Solvency of Britvic PLC.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Britvic assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Britvic to Beverages - Non-Alcoholic industry mean.
  • A Debt to Asset Ratio of 0.79 means that Britvic assets are financed with 79.4% credit (debt) and the remaining percentage (100% - 79.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Britvic PLC:

  • The MRQ is 0.794. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.794. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.794TTM0.7940.000
TTM0.794YOY0.753+0.040
TTM0.7945Y0.769+0.025
5Y0.76910Y0.800-0.031
1.4.2. Debt to Equity Ratio

Measures if Britvic is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Britvic to the Beverages - Non-Alcoholic industry mean.
  • A Debt to Equity ratio of 384.6% means that company has 3.85 debt for each 1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Britvic PLC:

  • The MRQ is 3.846. The company is unable to pay all its debts with equity. -1
  • The TTM is 3.846. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ3.846TTM3.8460.000
TTM3.846YOY3.054+0.791
TTM3.8465Y3.343+0.502
5Y3.34310Y7.105-3.761

2. Market Valuation of Britvic PLC

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every 1 in earnings Britvic generates.

  • Above 15 is considered overpriced but always compare Britvic to the Beverages - Non-Alcoholic industry mean.
  • A PE ratio of 18.20 means the investor is paying 18.20 for every 1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Britvic PLC:

  • The EOD is 17.135. Based on the earnings, the company is fair priced.
  • The MRQ is 18.199. Based on the earnings, the company is fair priced.
  • The TTM is 18.199. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD17.135MRQ18.199-1.064
MRQ18.199TTM18.1990.000
TTM18.199YOY13.664+4.535
TTM18.1995Y23.795-5.595
5Y23.79510Y19.926+3.868
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Britvic PLC:

  • The EOD is 13.238. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 14.061. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 14.061. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD13.238MRQ14.061-0.822
MRQ14.061TTM14.0610.000
TTM14.061YOY12.360+1.701
TTM14.0615Y17.637-3.577
5Y17.63710Y41.391-23.753
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Britvic is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Beverages - Non-Alcoholic industry mean).
  • A PB ratio of 5.76 means the investor is paying 5.76 for each 1 in book value.

Let's take a look of the Price to Book Ratio trends of Britvic PLC:

  • The EOD is 5.424. Based on the equity, the company is overpriced. -1
  • The MRQ is 5.761. Based on the equity, the company is overpriced. -1
  • The TTM is 5.761. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD5.424MRQ5.761-0.337
MRQ5.761TTM5.7610.000
TTM5.761YOY3.926+1.836
TTM5.7615Y5.662+0.099
5Y5.66210Y6.974-1.312
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Britvic PLC compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---31.419-31.4190%29.181-208%1.532-2151%10.381-403%
Book Value Per Share--151.352151.3520%182.772-17%156.521-3%128.387+18%
Current Ratio--0.9570.9570%1.050-9%0.971-1%1.003-5%
Debt To Asset Ratio--0.7940.7940%0.753+5%0.769+3%0.800-1%
Debt To Equity Ratio--3.8463.8460%3.054+26%3.343+15%7.105-46%
Dividend Per Share--29.17329.1730%25.431+15%26.824+9%24.856+17%
Eps--47.91347.9130%52.509-9%39.202+22%40.614+18%
Free Cash Flow Per Share--62.01762.0170%58.052+7%51.586+20%35.430+75%
Free Cash Flow To Equity Per Share---8.926-8.9260%5.655-258%-5.007-44%-0.594-93%
Gross Profit Margin---1.281-1.2810%-0.979-24%-1.341+5%-1.501+17%
Intrinsic Value_10Y_max--772.450--------
Intrinsic Value_10Y_min--387.820--------
Intrinsic Value_1Y_max--63.734--------
Intrinsic Value_1Y_min--36.667--------
Intrinsic Value_3Y_max--201.913--------
Intrinsic Value_3Y_min--112.724--------
Intrinsic Value_5Y_max--352.655--------
Intrinsic Value_5Y_min--190.997--------
Market Cap204822265568.000-10%225673600000.000225673600000.0000%191572500000.000+18%232976991517.750-3%204595721265.423+10%
Net Profit Margin--0.0710.0710%0.087-18%0.066+7%0.071-1%
Operating Margin--0.1090.1090%0.124-13%0.111-2%0.115-6%
Operating Ratio--0.8910.8910%0.876+2%0.833+7%0.932-4%
Pb Ratio5.424-6%5.7615.7610%3.926+47%5.662+2%6.974-17%
Pe Ratio17.135-6%18.19918.1990%13.664+33%23.795-24%19.926-9%
Price Per Share821.000-6%872.000872.0000%717.500+22%877.750-1%777.885+12%
Price To Free Cash Flow Ratio13.238-6%14.06114.0610%12.360+14%17.637-20%41.391-66%
Price To Total Gains Ratio-365.533+6%-388.240-388.2400%13.138-3055%-31.099-92%-4.068-99%
Quick Ratio--0.6280.6280%0.719-13%0.654-4%0.527+19%
Return On Assets--0.0650.0650%0.071-8%0.057+15%0.065+0%
Return On Equity--0.3170.3170%0.287+10%0.247+28%0.615-49%
Total Gains Per Share---2.246-2.2460%54.612-104%28.356-108%35.237-106%
Usd Book Value--494247060.000494247060.0000%615758400.000-20%524340990.000-6%427662844.615+16%
Usd Book Value Change Per Share---0.396-0.3960%0.368-208%0.019-2151%0.131-403%
Usd Book Value Per Share--1.9101.9100%2.306-17%1.975-3%1.620+18%
Usd Dividend Per Share--0.3680.3680%0.321+15%0.338+9%0.314+17%
Usd Eps--0.6050.6050%0.663-9%0.495+22%0.512+18%
Usd Free Cash Flow--202518900.000202518900.0000%195579000.000+4%172635270.000+17%117425049.231+72%
Usd Free Cash Flow Per Share--0.7830.7830%0.733+7%0.651+20%0.447+75%
Usd Free Cash Flow To Equity Per Share---0.113-0.1130%0.071-258%-0.063-44%-0.008-93%
Usd Market Cap2584447346.937-10%2847549484.8002847549484.8000%2417261805.000+18%2939703678.971-3%2581588810.927+10%
Usd Price Per Share10.359-6%11.00311.0030%9.053+22%11.075-1%9.815+12%
Usd Profit--156463200.000156463200.0000%176652000.000-11%129734070.000+21%133915804.615+17%
Usd Revenue--2206383480.0002206383480.0000%2041970940.000+8%1950406320.000+13%1879761696.923+17%
Usd Total Gains Per Share---0.028-0.0280%0.689-104%0.358-108%0.445-106%
 EOD+5 -3MRQTTM+0 -0YOY+10 -265Y+16 -2010Y+24 -12

3.2. Fundamental Score

Let's check the fundamental score of Britvic PLC based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1517.135
Price to Book Ratio (EOD)Between0-15.424
Net Profit Margin (MRQ)Greater than00.071
Operating Margin (MRQ)Greater than00.109
Quick Ratio (MRQ)Greater than10.628
Current Ratio (MRQ)Greater than10.957
Debt to Asset Ratio (MRQ)Less than10.794
Debt to Equity Ratio (MRQ)Less than13.846
Return on Equity (MRQ)Greater than0.150.317
Return on Assets (MRQ)Greater than0.050.065
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Britvic PLC based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5035.475
Ma 20Greater thanMa 50840.800
Ma 50Greater thanMa 100860.450
Ma 100Greater thanMa 200844.804
OpenGreater thanClose805.000
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in GBP. All numbers in thousands.

Summary
Total Assets1,898,000
Total Liabilities1,506,300
Total Stockholder Equity391,700
 As reported
Total Liabilities 1,506,300
Total Stockholder Equity+ 391,700
Total Assets = 1,898,000

Assets

Total Assets1,898,000
Total Current Assets748,200
Long-term Assets1,149,800
Total Current Assets
Cash And Cash Equivalents 79,200
Short-term Investments 10,900
Net Receivables 400,900
Inventory 209,800
Other Current Assets 58,300
Total Current Assets  (as reported)748,200
Total Current Assets  (calculated)759,100
+/- 10,900
Long-term Assets
Property Plant Equipment 596,400
Goodwill 212,400
Intangible Assets 434,300
Long-term Assets Other -121,600
Long-term Assets  (as reported)1,149,800
Long-term Assets  (calculated)1,121,500
+/- 28,300

Liabilities & Shareholders' Equity

Total Current Liabilities781,700
Long-term Liabilities724,600
Total Stockholder Equity391,700
Total Current Liabilities
Short-term Debt 107,300
Short Long Term Debt 99,800
Accounts payable 396,000
Other Current Liabilities 155,100
Total Current Liabilities  (as reported)781,700
Total Current Liabilities  (calculated)758,200
+/- 23,500
Long-term Liabilities
Long term Debt 551,000
Capital Lease Obligations 67,300
Long-term Liabilities  (as reported)724,600
Long-term Liabilities  (calculated)618,300
+/- 106,300
Total Stockholder Equity
Common Stock50,900
Retained Earnings 213,500
Accumulated Other Comprehensive Income -8,500
Other Stockholders Equity 135,800
Total Stockholder Equity (as reported)391,700
Total Stockholder Equity (calculated)391,700
+/-0
Other
Capital Stock50,900
Cash and Short Term Investments 79,200
Common Stock Shares Outstanding 258,800
Current Deferred Revenue123,300
Liabilities and Stockholders Equity 1,898,000
Net Debt 638,900
Net Invested Capital 1,042,500
Net Working Capital -16,700
Property Plant and Equipment Gross 596,400
Short Long Term Debt Total 718,100



Balance Sheet

Currency in GBP. All numbers in thousands.

 Trend2023-09-302022-09-302021-09-302020-09-302019-09-302019-09-292018-09-302017-10-012017-09-302016-10-022016-09-302015-09-302015-09-272014-09-302014-09-282013-09-302012-09-302011-09-302010-09-302009-09-302008-09-302007-09-302006-09-302005-09-302004-09-302003-09-302002-09-30
> Total Assets 
467,354
497,177
488,864
492,400
467,100
696,600
741,300
853,500
1,046,700
1,065,400
1,025,800
1,062,800
1,102,000
1,102,000
1,299,100
1,299,100
1,634,400
1,634,400
1,613,000
1,613,000
1,760,400
1,741,400
1,737,200
1,700,800
1,734,000
1,978,500
1,898,000
1,898,0001,978,5001,734,0001,700,8001,737,2001,741,4001,760,4001,613,0001,613,0001,634,4001,634,4001,299,1001,299,1001,102,0001,102,0001,062,8001,025,8001,065,4001,046,700853,500741,300696,600467,100492,400488,864497,177467,354
   > Total Current Assets 
160,498
183,411
153,084
159,100
151,100
208,400
216,300
272,300
366,600
384,400
380,800
463,700
513,700
513,700
634,600
634,600
724,000
724,000
572,000
572,000
651,000
625,600
579,300
618,700
610,200
767,500
748,200
748,200767,500610,200618,700579,300625,600651,000572,000572,000724,000724,000634,600634,600513,700513,700463,700380,800384,400366,600272,300216,300208,400151,100159,100153,084183,411160,498
       Cash And Cash Equivalents 
30,985
33,301
27,003
19,400
19,200
27,300
13,900
39,700
54,000
43,000
49,500
94,000
144,000
144,000
239,600
239,600
205,900
205,900
82,500
56,800
109,500
20,800
49,000
109,200
71,100
85,900
79,200
79,20085,90071,100109,20049,00020,800109,50056,80082,500205,900205,900239,600239,600144,000144,00094,00049,50043,00054,00039,70013,90027,30019,20019,40027,00333,30130,985
       Short-term Investments 
0
0
0
0
600
100
300
1,800
1,000
2,900
100
12,800
700
0
9,100
10,900
81,000
81,000
17,200
17,200
36,300
0
0
10,300
900
11,500
10,900
10,90011,50090010,3000036,30017,20017,20081,00081,00010,9009,100070012,8001002,9001,0001,8003001006000000
       Net Receivables 
86,068
103,810
84,802
87,958
88,100
115,900
135,100
153,600
193,200
219,900
227,400
246,500
259,000
0
278,600
0
278,600
299,700
283,700
283,700
334,200
334,900
318,100
324,400
360,900
428,400
400,900
400,900428,400360,900324,400318,100334,900334,200283,700283,700299,700278,6000278,6000259,000246,500227,400219,900193,200153,600135,100115,90088,10087,95884,802103,81086,068
       Inventory 
30,769
29,464
32,540
37,900
31,700
45,300
49,400
52,900
83,600
88,500
73,800
90,800
84,700
84,700
86,700
86,700
112,700
112,700
146,700
146,700
144,500
141,000
141,000
118,500
135,000
172,000
209,800
209,800172,000135,000118,500141,000141,000144,500146,700146,700112,700112,70086,70086,70084,70084,70090,80073,80088,50083,60052,90049,40045,30031,70037,90032,54029,46430,769
       Other Current Assets 
12,676
16,836
8,739
13,854
11,600
14,000
17,900
26,100
35,800
33,000
30,100
21,000
25,300
0
5,300
0
0
22,300
325,600
17,200
397,000
44,200
431,400
66,600
43,200
81,200
58,300
58,30081,20043,20066,600431,40044,200397,00017,200325,60022,300005,300025,30021,00030,10033,00035,80026,10017,90014,00011,60013,8548,73916,83612,676
   > Long-term Assets 
306,856
313,766
335,780
333,300
316,000
488,200
525,000
581,200
680,100
681,000
645,000
599,100
0
588,300
0
664,500
910,400
910,400
1,041,000
1,041,000
1,109,400
0
1,157,900
1,082,100
1,123,800
1,211,000
1,149,800
1,149,8001,211,0001,123,8001,082,1001,157,90001,109,4001,041,0001,041,000910,400910,400664,5000588,3000599,100645,000681,000680,100581,200525,000488,200316,000333,300335,780313,766306,856
       Property Plant Equipment 
219,563
235,853
259,328
261,825
218,200
225,200
228,100
226,100
248,600
243,800
236,600
215,700
221,000
221,000
244,200
244,200
382,400
382,400
461,600
461,600
519,800
494,000
494,000
540,800
544,100
582,600
596,400
596,400582,600544,100540,800494,000494,000519,800461,600461,600382,400382,400244,200244,200221,000221,000215,700236,600243,800248,600226,100228,100225,200218,200261,825259,328235,853219,563
       Goodwill 
87,293
77,913
76,452
71,500
71,500
133,800
141,400
152,100
142,500
142,800
136,900
139,100
133,900
133,900
150,100
150,100
195,300
195,300
209,500
209,500
203,300
199,600
199,600
192,700
197,500
204,300
212,400
212,400204,300197,500192,700199,600199,600203,300209,500209,500195,300195,300150,100150,100133,900133,900139,100136,900142,800142,500152,100141,400133,80071,50071,50076,45277,91387,293
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
64,600
0
90,400
0
0
98,100
0
69,600
40,300
0
39,400
0
0
0
0
000039,400040,30069,600098,1000090,400064,600000000000000
       Intangible Assets 
87,293
77,913
76,452
25,200
23,900
112,300
122,400
141,000
342,500
337,900
168,300
177,900
299,700
165,800
155,000
155,000
222,600
222,600
245,500
245,500
236,200
228,200
228,200
403,500
406,500
416,400
434,300
434,300416,400406,500403,500228,200228,200236,200245,500245,500222,600222,600155,000155,000165,800299,700177,900168,300337,900342,500141,000122,400112,30023,90025,20076,45277,91387,293
       Long-term Assets Other 
-30,985
-33,301
-27,003
2,400
-16,800
11,500
30,500
59,400
83,700
56,300
103,200
66,400
0
67,600
0
115,200
103,600
910,400
116,900
1,041,000
144,500
0
230,500
-90,900
-56,300
-48,600
-121,600
-121,600-48,600-56,300-90,900230,5000144,5001,041,000116,900910,400103,600115,200067,600066,400103,20056,30083,70059,40030,50011,500-16,8002,400-27,003-33,301-30,985
> Total Liabilities 
254,096
302,080
302,002
470,200
524,800
692,300
732,000
856,000
1,077,400
1,042,900
988,700
1,021,900
1,018,900
1,018,900
1,087,300
1,087,300
1,353,400
1,353,400
1,273,700
1,273,700
1,383,100
1,326,000
1,325,200
1,325,300
1,323,300
1,490,500
1,506,300
1,506,3001,490,5001,323,3001,325,3001,325,2001,326,0001,383,1001,273,7001,273,7001,353,4001,353,4001,087,3001,087,3001,018,9001,018,9001,021,900988,7001,042,9001,077,400856,000732,000692,300524,800470,200302,002302,080254,096
   > Total Current Liabilities 
177,833
217,381
201,538
166,300
171,400
223,200
266,500
303,300
366,800
390,000
371,900
504,500
434,300
434,300
459,400
459,400
779,400
779,400
617,800
617,800
698,800
717,700
717,700
582,900
564,800
730,800
781,700
781,700730,800564,800582,900717,700717,700698,800617,800617,800779,400779,400459,400459,400434,300434,300504,500371,900390,000366,800303,300266,500223,200171,400166,300201,538217,381177,833
       Short-term Debt 
0
0
0
0
600
100
300
1,800
1,000
2,900
100
12,800
22,300
0
3,100
10,900
81,000
287,200
89,700
89,700
171,400
0
166,300
88,300
11,100
60,600
107,300
107,30060,60011,10088,300166,3000171,40089,70089,700287,20081,00010,9003,100022,30012,8001002,9001,0001,8003001006000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
22,300
0
3,100
0
287,200
287,200
88,700
88,700
170,700
0
165,600
78,700
2,200
42,200
99,800
99,80042,2002,20078,700165,6000170,70088,70088,700287,200287,20003,100022,300000000000000
       Accounts payable 
63,299
88,008
57,684
83,110
92,300
110,800
143,700
187,000
232,400
235,900
230,900
237,100
248,400
0
261,900
0
249,800
249,800
293,500
240,700
267,300
265,100
412,400
214,300
267,700
353,800
396,000
396,000353,800267,700214,300412,400265,100267,300240,700293,500249,800249,8000261,9000248,400237,100230,900235,900232,400187,000143,700110,80092,30083,11057,68488,00863,299
       Other Current Liabilities 
108,343
129,359
143,854
65,832
61,600
99,300
110,200
116,300
134,000
154,100
138,500
173,300
162,800
0
62,400
0
33,100
98,500
234,600
86,900
183,500
51,800
2,500
173,000
163,700
179,400
155,100
155,100179,400163,700173,0002,50051,800183,50086,900234,60098,50033,100062,4000162,800173,300138,500154,100134,000116,300110,20099,30061,60065,832143,854129,359108,343
   > Long-term Liabilities 
76,263
84,699
100,464
303,900
353,400
469,100
465,500
552,700
710,600
652,900
616,800
517,400
0
584,600
0
627,900
574,000
574,000
655,900
655,900
684,300
0
607,500
742,400
758,500
759,700
724,600
724,600759,700758,500742,400607,5000684,300655,900655,900574,000574,000627,9000584,6000517,400616,800652,900710,600552,700465,500469,100353,400303,900100,46484,69976,263
       Long term Debt 
2,833
2,833
2,833
219,266
284,300
417,800
402,700
450,700
569,900
573,200
558,700
458,300
539,900
0
572,600
0
488,800
488,800
580,700
580,700
596,800
516,900
516,900
586,000
576,900
563,100
551,000
551,000563,100576,900586,000516,900516,900596,800580,700580,700488,800488,8000572,6000539,900458,300558,700573,200569,900450,700402,700417,800284,300219,2662,8332,8332,833
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
-600
-100
-300
-1,800
-1,000
-2,900
-100
-12,800
-22,300
0
-3,100
-10,900
-77,200
-283,400
-86,700
-86,700
-169,800
0
-165,300
-8,500
64,000
13,300
-40,000
-40,00013,30064,000-8,500-165,3000-169,800-86,700-86,700-283,400-77,200-10,900-3,1000-22,300-12,800-100-2,900-1,000-1,800-300-100-6000000
       Other Liabilities 
73,430
81,866
97,631
81,006
65,800
19,300
25,100
85,100
126,400
56,700
24,000
31,300
21,400
0
55,200
0
0
78,700
0
69,300
82,500
88,000
87,200
88,900
117,000
131,300
0
0131,300117,00088,90087,20088,00082,50069,300078,7000055,200021,40031,30024,00056,700126,40085,10025,10019,30065,80081,00697,63181,86673,430
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,100
1,100
3,400
3,400
3,100
0
100
7,600
6,200
5,500
0
05,5006,2007,60010003,1003,4003,4001,1001,1000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
70,400
0
0
68,800
0
69,000
0
0
0
0
0
0
0
000000069,000068,8000070,40000000000000000
> Total Stockholder Equity
194,484
176,324
186,862
16,817
0
4,300
9,300
0
0
22,500
37,100
40,900
83,100
0
211,800
0
281,000
281,000
339,300
339,300
377,300
415,400
412,000
375,500
410,700
488,000
391,700
391,700488,000410,700375,500412,000415,400377,300339,300339,300281,000281,0000211,800083,10040,90037,10022,500009,3004,300016,817186,862176,324194,484
   Common Stock
11,660
11,660
12,274
12,274
43,200
43,200
43,200
43,400
48,000
48,300
48,500
49,000
49,400
0
52,200
0
0
52,600
52,800
52,800
52,900
53,100
53,100
53,400
53,500
52,700
50,900
50,90052,70053,50053,40053,10053,10052,90052,80052,80052,6000052,200049,40049,00048,50048,30048,00043,40043,20043,20043,20012,27412,27411,66011,660
   Retained Earnings 
175,133
156,662
140,875
-23,400
-107,000
-41,200
-60,000
-94,100
-214,300
-166,300
-145,900
-149,100
-102,000
-113,200
-46,300
-46,300
-43,900
-43,800
25,800
113,100
97,800
127,700
124,300
199,200
236,100
266,600
213,500
213,500266,600236,100199,200124,300127,70097,800113,10025,800-43,800-43,900-46,300-46,300-113,200-102,000-149,100-145,900-166,300-214,300-94,100-60,000-41,200-107,000-23,400140,875156,662175,133
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
133,900
139,100
145,500
0
154,100
156,200
0
0
00156,200154,1000145,500139,100133,9000000000000000000000
   Treasury Stock00-1,500-3,7000-10,300-5,400-3,7000-3,30000-11,4000-2,900-1,100-800-1,000-1,900-4,600-7,900-10,300-5000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
105,100
0
94,100
0
0
146,400
737,300
43,200
226,600
99,400
234,600
150,400
154,700
150,000
135,800
135,800150,000154,700150,400234,60099,400226,60043,200737,300146,4000094,1000105,100000000000000



Balance Sheet

Currency in GBP. All numbers in thousands.




Cash Flow

Currency in GBP. All numbers in thousands.




Income Statement

Currency in GBP. All numbers in thousands.


Latest Income Statement (annual, 2023-09-30)

Gross Profit (+$)
totalRevenue1,748,600
Cost of Revenue-1,117,400
Gross Profit631,200631,200
 
Operating Income (+$)
Gross Profit631,200
Operating Expense-441,200
Operating Income190,000190,000
 
Operating Expense (+$)
Research Development5,900
Selling General Administrative235,100
Selling And Marketing Expenses282,900
Operating Expense441,200523,900
 
Net Interest Income (+$)
Interest Income1,100
Interest Expense-24,300
Other Finance Cost-1,500
Net Interest Income-24,700
 
Pretax Income (+$)
Operating Income190,000
Net Interest Income-24,700
Other Non-Operating Income Expenses0
Income Before Tax (EBT)156,800223,200
EBIT - interestExpense = 165,700
156,800
148,300
Interest Expense24,300
Earnings Before Interest and Taxes (EBIT)190,000181,100
Earnings Before Interest and Taxes (EBITDA)260,600
 
After tax Income (+$)
Income Before Tax156,800
Tax Provision-32,800
Net Income From Continuing Ops124,000124,000
Net Income124,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses1,558,600
Total Other Income/Expenses Net-33,20024,700
 

Technical Analysis of Britvic
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Britvic. The general trend of Britvic is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Britvic's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-42.9%) Bearish trend (42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Britvic PLC.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 820.50 < 833.00 < 836.50.

The bearish price targets are: 796.30 > 794.35 > 787.53.

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Britvic PLC Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Britvic PLC. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Britvic PLC Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Britvic PLC. The current macd is -13.61963361.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Britvic price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Britvic. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Britvic price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Britvic PLC Daily Moving Average Convergence/Divergence (MACD) ChartBritvic PLC Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Britvic PLC. The current adx is 39.41.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Britvic shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Britvic PLC Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Britvic PLC. The current sar is 832.32.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Britvic PLC Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Britvic PLC. The current rsi is 35.48. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Britvic PLC Daily Relative Strength Index (RSI) ChartBritvic PLC Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Britvic PLC. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Britvic price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Britvic PLC Daily Stochastic Oscillator ChartBritvic PLC Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Britvic PLC. The current cci is -92.91663445.

Britvic PLC Daily Commodity Channel Index (CCI) ChartBritvic PLC Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Britvic PLC. The current cmo is -28.52983843.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Britvic PLC Daily Chande Momentum Oscillator (CMO) ChartBritvic PLC Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Britvic PLC. The current willr is -68.03278689.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Britvic is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Britvic PLC Daily Williams %R ChartBritvic PLC Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Britvic PLC.

Britvic PLC Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Britvic PLC. The current atr is 14.77.

Britvic PLC Daily Average True Range (ATR) ChartBritvic PLC Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Britvic PLC. The current obv is 8,077,890.

Britvic PLC Daily On-Balance Volume (OBV) ChartBritvic PLC Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Britvic PLC. The current mfi is 18.72.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
Britvic PLC Daily Money Flow Index (MFI) ChartBritvic PLC Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Britvic PLC.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-30SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-01CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-12CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-24WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-25BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-26RSI LONG ENTRY SHORT CLOSE30 crossover to upside

6.3. Candlestick Patterns

Britvic PLC Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Britvic PLC based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5035.475
Ma 20Greater thanMa 50840.800
Ma 50Greater thanMa 100860.450
Ma 100Greater thanMa 200844.804
OpenGreater thanClose805.000
Total2/5 (40.0%)
Penke

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