| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
CARL B Stock Overview
Carlsberg A/S produces and sells beer and other beverage products in Denmark.
Rewards
Risk Analysis
No risks detected for CARL B from our risk checks.
Carlsberg Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr.916.40 |
| 52 Week High | kr.1,190.50 |
| 52 Week Low | kr.769.40 |
| Beta | 0.72 |
| 1 Month Change | 10.09% |
| 3 Month Change | -14.48% |
| 1 Year Change | -17.96% |
| 3 Year Change | 4.73% |
| 5 Year Change | 29.34% |
| Change since IPO | 155.27% |
Recent News & Updates
Shareholders Will Most Likely Find Carlsberg A/S' (CPH:CARL B) CEO Compensation Acceptable
Under the guidance of CEO Cees ´t Hart, Carlsberg A/S ( CPH:CARL B ) has performed reasonably well recently. In light...
Carlsberg (CPH:CARL B) Has Announced That It Will Be Increasing Its Dividend To kr.24.00
Carlsberg A/S' ( CPH:CARL B ) dividend will be increasing to kr.24.00 on 17th of March. This will take the annual...
Shareholder Returns
| CARL B | DK Beverage | DK Market | |
|---|---|---|---|
| 7D | 6.6% | 4.6% | 1.6% |
| 1Y | -18.0% | -3.1% | 3.3% |
Return vs Industry: CARL B underperformed the Danish Beverage industry which returned -3% over the past year.
Return vs Market: CARL B underperformed the Danish Market which returned 2.2% over the past year.
Price Volatility
| CARL B volatility | |
|---|---|
| CARL B Average Weekly Movement | 5.9% |
| Beverage Industry Average Movement | 5.3% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in DK Market | 10.7% |
| 10% least volatile stocks in DK Market | 3.9% |
Stable Share Price: CARL B is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CARL B's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1847 | 39,000 | Cees ´t Hart | https://www.carlsberggroup.com |
Carlsberg A/S produces and sells beer and other beverage products in Denmark. It offers core, and craft and specialty beers; and alcohol-free brews. The company provides its products primarily under the Carlsberg, Tuborg, Feldschlösschen, Baltika, Chongqing, 1664 Blanc, Grimbergen, Ringnes, and Somersby brand names.
Carlsberg Fundamentals Summary
| CARL B fundamental statistics | |
|---|---|
| Market Cap | kr.136.10b |
| Earnings (TTM) | kr.6.85b |
| Revenue (TTM) | kr.66.63b |
18.8x
P/E Ratio1.9x
P/S RatioIs CARL B overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CARL B income statement (TTM) | |
|---|---|
| Revenue | kr.66.63b |
| Cost of Revenue | kr.35.31b |
| Gross Profit | kr.31.33b |
| Other Expenses | kr.24.48b |
| Earnings | kr.6.85b |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 17, 2022
| Earnings per share (EPS) | 48.73 |
| Gross Margin | 47.01% |
| Net Profit Margin | 10.27% |
| Debt/Equity Ratio | 56.5% |
How did CARL B perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield50%
Payout RatioValuation
Is Carlsberg undervalued compared to its fair value and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CARL B (DKK916.4) is trading below our estimate of fair value (DKK1909.28)
Significantly Below Fair Value: CARL B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CARL B is good value based on its PE Ratio (18.8x) compared to the European Beverage industry average (21.7x).
PE vs Market: CARL B is poor value based on its PE Ratio (18.8x) compared to the Danish market (14x).
Price to Earnings Growth Ratio
PEG Ratio: CARL B is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: CARL B is overvalued based on its PB Ratio (2.9x) compared to the XE Beverage industry average (2x).
Future Growth
How is Carlsberg forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
15.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CARL B's forecast earnings growth (15.3% per year) is above the savings rate (0.09%).
Earnings vs Market: CARL B's earnings (15.3% per year) are forecast to grow faster than the Danish market (8.4% per year).
High Growth Earnings: CARL B's earnings are forecast to grow, but not significantly.
Revenue vs Market: CARL B's revenue (4.1% per year) is forecast to grow slower than the Danish market (6% per year).
High Growth Revenue: CARL B's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CARL B's Return on Equity is forecast to be high in 3 years time (21.8%)
Past Performance
How has Carlsberg performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
16.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CARL B has high quality earnings.
Growing Profit Margin: CARL B's current net profit margins (10.3%) are lower than last year (10.3%).
Past Earnings Growth Analysis
Earnings Trend: CARL B's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: CARL B's earnings growth over the past year (13.5%) is below its 5-year average (16.2% per year).
Earnings vs Industry: CARL B earnings growth over the past year (13.5%) underperformed the Beverage industry 47.4%.
Return on Equity
High ROE: CARL B's Return on Equity (16.4%) is considered low.
Financial Health
How is Carlsberg's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: CARL B's short term assets (DKK23.1B) do not cover its short term liabilities (DKK43.3B).
Long Term Liabilities: CARL B's short term assets (DKK23.1B) do not cover its long term liabilities (DKK34.3B).
Debt to Equity History and Analysis
Debt Level: CARL B's net debt to equity ratio (39.4%) is considered satisfactory.
Reducing Debt: CARL B's debt to equity ratio has increased from 56.3% to 56.5% over the past 5 years.
Debt Coverage: CARL B's debt is well covered by operating cash flow (48.2%).
Interest Coverage: CARL B's interest payments on its debt are well covered by EBIT (25.5x coverage).
Balance Sheet
Dividend
What is Carlsberg current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.80%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CARL B's dividend (1.8%) is higher than the bottom 25% of dividend payers in the Danish market (1.41%).
High Dividend: CARL B's dividend (1.8%) is low compared to the top 25% of dividend payers in the Danish market (6.06%).
Stability and Growth of Payments
Stable Dividend: CARL B's dividends per share have been stable in the past 10 years.
Growing Dividend: CARL B's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.4%), CARL B's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (25.6%), CARL B's dividend payments are well covered by cash flows.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.7yrs
Average management tenure
CEO
Cees ´t Hart (63 yo)
6.92yrs
Tenure
kr.46,600,000
Compensation
Mr. Cees C. 't Hart has been the Chief Executive Officer and President of Carlsberg A/S since February 2015. Mr. 't Hart serves as Chief Executive Officer of Carlsberg Breweries A/S since February 2015 an...
CEO Compensation Analysis
Compensation vs Market: Cees's total compensation ($USD6.60M) is above average for companies of similar size in the Danish market ($USD3.23M).
Compensation vs Earnings: Cees's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CARL B's management team is considered experienced (3.7 years average tenure).
Board Members
Experienced Board: CARL B's board of directors are considered experienced (5.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Carlsberg A/S's employee growth, exchange listings and data sources
Key Information
- Name: Carlsberg A/S
- Ticker: CARL B
- Exchange: CPSE
- Founded: 1847
- Industry: Brewers
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: kr.136.104b
- Shares outstanding: 140.48m
- Website: https://www.carlsberggroup.com
Number of Employees
Location
- Carlsberg A/S
- 1 J. C. Jacobsens Gade
- Copenhagen V
- Copenhagen
- Capital Region of Denmark
- 1799
- Denmark
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/17 00:00 |
| End of Day Share Price | 2022/05/17 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.