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Danish (OMX) Beverage Industry Analysis

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies4
  • 7D-2.4%
  • 3M-15.6%
  • 1Y-6.9%
  • YTD5.1%

Over the last 7 days, the Beverage industry has dropped 1.3%, driven by Carlsberg declining 1.4%. Meanwhile, Harboes Bryggeri actually outperformed within the industry, gaining 7.4% in the last week. However, the industry is down 5.5% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

Has the Danish Beverage Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Sep 2025DKK 129.5bDKK 99.2bDKK 8.3b14.9x15.6x1.3x
Sun, 17 Aug 2025DKK 128.1bDKK 98.9bDKK 8.2b14.9x15.6x1.3x
Tue, 15 Jul 2025DKK 147.9bDKK 91.9bDKK 8.4b17.4x17.6x1.6x
Thu, 12 Jun 2025DKK 153.3bDKK 91.9bDKK 8.4b18x18.2x1.7x
Sat, 10 May 2025DKK 150.4bDKK 91.9bDKK 8.4b17.5x17.9x1.6x
Mon, 07 Apr 2025DKK 144.7bDKK 91.9bDKK 8.4b16.6x17.3x1.6x
Wed, 05 Mar 2025DKK 151.1bDKK 91.9bDKK 8.4b17.6x18x1.6x
Fri, 31 Jan 2025DKK 126.6bDKK 91.3bDKK 8.3b14.6x15.2x1.4x
Sun, 29 Dec 2024DKK 122.9bDKK 91.3bDKK 8.3b13.6x14.7x1.3x
Tue, 26 Nov 2024DKK 130.7bDKK 91.3bDKK 8.3b14.6x15.7x1.4x
Thu, 24 Oct 2024DKK 138.2bDKK 90.6bDKK 8.0b15.2x17.2x1.5x
Sat, 21 Sep 2024DKK 141.3bDKK 90.5bDKK 8.0b19.8x17.6x1.6x
Mon, 19 Aug 2024DKK 137.1bDKK 89.9bDKK 7.9b18.1x17.3x1.5x
Wed, 17 Jul 2024DKK 148.4bDKK 88.9bDKK 8.1b16.3x18.3x1.7x
Fri, 14 Jun 2024DKK 161.9bDKK 88.9bDKK 8.1b18x20x1.8x
Sun, 12 May 2024DKK 162.6bDKK 88.9bDKK 8.1b18.2x20.1x1.8x
Tue, 09 Apr 2024DKK 154.3bDKK 88.3bDKK 8.1b17.9x19x1.7x
Thu, 07 Mar 2024DKK 152.7bDKK 88.3bDKK 8.1b18x18.9x1.7x
Sat, 03 Feb 2024DKK 154.6bDKK 86.7bDKK 8.3b15.8x18.7x1.8x
Mon, 01 Jan 2024DKK 145.7bDKK 86.7bDKK 8.3b15x17.6x1.7x
Wed, 29 Nov 2023DKK 141.9bDKK 86.6bDKK 8.3b14.8x17.2x1.6x
Fri, 27 Oct 2023DKK 149.8bDKK 86.6bDKK 8.3b15.4x18.1x1.7x
Sun, 24 Sep 2023DKK 165.5bDKK 86.5bDKK 8.2b28.6x20.1x1.9x
Tue, 22 Aug 2023DKK 178.6bDKK 86.1bDKK 8.6b22.3x20.7x2.1x
Thu, 20 Jul 2023DKK 180.3bDKK 83.8bDKK 8.1b23.7x22.3x2.2x
Sat, 17 Jun 2023DKK 192.5bDKK 83.7bDKK 8.1b25.2x23.9x2.3x
Mon, 15 May 2023DKK 195.4bDKK 83.7bDKK 8.1b25.4x24.2x2.3x
Wed, 12 Apr 2023DKK 186.6bDKK 83.4bDKK 8.1b24.2x23x2.2x
Fri, 10 Mar 2023DKK 172.8bDKK 83.3bDKK 8.1b22.4x21.3x2.1x
Sun, 05 Feb 2023DKK 170.4bDKK 86.0bDKK 9.0b17.3x19x2x
Tue, 03 Jan 2023DKK 159.6bDKK 86.0bDKK 9.0b16.6x17.8x1.9x
Thu, 01 Dec 2022DKK 156.1bDKK 86.0bDKK 9.0b16.1x17.4x1.8x
Sat, 29 Oct 2022DKK 150.3bDKK 86.0bDKK 9.0b14.9x16.7x1.7x
Mon, 26 Sep 2022DKK 156.8bDKK 85.0bDKK 9.1b16.1x17.2x1.8x
Price to Earnings Ratio

17.2x


Total Market Cap: DKK 156.8bTotal Earnings: DKK 9.1bTotal Revenue: DKK 85.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Danish Beverage Industry Price to Earnings3Y Average 18.6x202320242025
Current Industry PE
  • Investors are pessimistic on the Danish Beverage industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.8x which is lower than its 3-year average PE of 18.6x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Beverage industry have declined 3.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Danish Consumer Staples industry?

DK Market4.67%
Consumer Staples-2.01%
Beverage-2.40%
Brewers-2.40%
Industry PE
  • Investors are most optimistic about the Brewers industry even though it's trading below its 3-year average PE ratio of 18.6x.
    • Analysts are expecting annual earnings growth of 11.2%, which is higher than its past year's earnings decline of 1.8% per year.
  • Investors are most pessimistic about the Brewers industry, which is trading below its 3-year average of 18.6x.
Forecasted Growth
  • Analysts are most optimistic on the Brewers industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 1.8% per year.
  • In contrast, the Brewers industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HARB B Harboes BryggeriDKK 143.0014.4%
+DKK 76.0m		-45.8%PE13.5x

Latest News

HARB B
DKK 143.00
Harboes Bryggeri
7D
14.4%
1Y
-45.8%

There's Been No Shortage Of Growth Recently For Harboes Bryggeri's (CPH:HARB B) Returns On Capital

Sep 19
There's Been No Shortage Of Growth Recently For Harboes Bryggeri's (CPH:HARB B) Returns On Capital
CARL B
DKK 754.00
Carlsberg
7D
-2.6%
1Y
-4.4%

India And China Expansion Will Unlock Premium Market Potential

With both consensus revenue growth (7.2% p.a.) and net profit margin (9.97%) forecasts unchanged, analysts have left Carlsberg’s fair value estimate steady at DKK972.95. Valuation Changes Summary of Valuation Changes for Carlsberg The Consensus Analyst Price Target remained effectively unchanged, at DKK972.95.
RBREW
DKK 482.40
Royal Unibrew
7D
-2.1%
1Y
-15.3%

We Think That There Are Issues Underlying Royal Unibrew's (CPH:RBREW) Earnings

Sep 04
We Think That There Are Issues Underlying Royal Unibrew's (CPH:RBREW) Earnings
ALEFRM
DKK 1.22
Alefarm Brewing
7D
-4.7%
1Y
-21.8%