Carlsberg Future Growth
Future criteria checks 2/6
Carlsberg is forecast to grow earnings and revenue by 7% and 4.5% per annum respectively. EPS is expected to grow by 9.5% per annum. Return on equity is forecast to be 34.8% in 3 years.
Key information
7.0%
Earnings growth rate
9.5%
EPS growth rate
| Beverage earnings growth | 10.2% |
| Revenue growth rate | 4.5% |
| Future return on equity | 34.8% |
| Analyst coverage | Good |
| Last updated | 18 Apr 2024 |
Recent future growth updates
Recent updates
Does Carlsberg (CPH:CARL B) Have A Healthy Balance Sheet?
Mar 28
Carlsberg's (CPH:CARL B) Returns On Capital Are Heading Higher
Mar 02Subdued Growth No Barrier To Carlsberg A/S' (CPH:CARL B) Price
Feb 02Does Carlsberg (CPH:CARL B) Have A Healthy Balance Sheet?
Dec 11There's Been No Shortage Of Growth Recently For Carlsberg's (CPH:CARL B) Returns On Capital
Nov 20Is Carlsberg (CPH:CARL B) Using Too Much Debt?
Sep 11Returns On Capital Are Showing Encouraging Signs At Carlsberg (CPH:CARL B)
Aug 21Is There An Opportunity With Carlsberg A/S' (CPH:CARL B) 36% Undervaluation?
Jul 16Carlsberg (CPH:CARL B) Seems To Use Debt Quite Sensibly
May 22Is Carlsberg A/S (CPH:CARL B) Trading At A 26% Discount?
Apr 05Most Shareholders Will Probably Agree With Carlsberg A/S' (CPH:CARL B) CEO Compensation
Mar 07Carlsberg's (CPH:CARL B) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 12Carlsberg's (CPH:CARL B) Returns On Capital Are Heading Higher
Jan 13Here's Why Carlsberg (CPH:CARL B) Can Manage Its Debt Responsibly
Dec 15An Intrinsic Calculation For Carlsberg A/S (CPH:CARL B) Suggests It's 49% Undervalued
Nov 17Returns At Carlsberg (CPH:CARL B) Are On The Way Up
Oct 14These 4 Measures Indicate That Carlsberg (CPH:CARL B) Is Using Debt Reasonably Well
Aug 21Is There An Opportunity With Carlsberg A/S' (CPH:CARL B) 48% Undervaluation?
Jul 16Returns At Carlsberg (CPH:CARL B) Are On The Way Up
Jun 28Shareholders Will Most Likely Find Carlsberg A/S' (CPH:CARL B) CEO Compensation Acceptable
Mar 07Carlsberg (CPH:CARL B) Has Announced That It Will Be Increasing Its Dividend To kr.24.00
Feb 22Carlsberg's (CPH:CARL B) Upcoming Dividend Will Be Larger Than Last Year's
Feb 07Are Investors Undervaluing Carlsberg A/S (CPH:CARL B) By 41%?
Jan 21Carlsberg (CPH:CARL B) Is Looking To Continue Growing Its Returns On Capital
Dec 17Carlsberg (CPH:CARL B) Has A Pretty Healthy Balance Sheet
Dec 02Carlsberg A/S (CPH:CARL B) Shares Could Be 42% Below Their Intrinsic Value Estimate
Oct 17Carlsberg (CPH:CARL B) Is Doing The Right Things To Multiply Its Share Price
Sep 18Here's Why Carlsberg (CPH:CARL B) Can Manage Its Debt Responsibly
Sep 02Returns Are Gaining Momentum At Carlsberg (CPH:CARL B)
Jun 16Why Carlsberg A/S (CPH:CARL B) Is A Top Dividend Stock
May 01Carlsberg A/S (CPH:CARL B) Shares Could Be 46% Below Their Intrinsic Value Estimate
Apr 04Here's Why Carlsberg (CPH:CARL B) Can Manage Its Debt Responsibly
Mar 21We Think Some Shareholders May Hesitate To Increase Carlsberg A/S' (CPH:CARL B) CEO Compensation
Mar 08Are Robust Financials Driving The Recent Rally In Carlsberg A/S' (CPH:CARL B) Stock?
Mar 01Key Things To Understand About Carlsberg's (CPH:CARL B) CEO Pay Cheque
Feb 16
Carlsberg (CPH:CARL B) Shareholders Booked A 62% Gain In The Last Five Years
Feb 03Will the Promising Trends At Carlsberg (CPH:CARL B) Continue?
Jan 19What You Need To Know About Carlsberg A/S' (CPH:CARL B) Investor Composition
Jan 04Does Carlsberg A/S (CPH:CARL B) Have A Place In Your Dividend Portfolio?
Dec 21We Think Carlsberg (CPH:CARL B) Can Stay On Top Of Its Debt
Dec 07An Intrinsic Calculation For Carlsberg A/S (CPH:CARL B) Suggests It's 30% Undervalued
Nov 25Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 84,037 | 8,497 | 9,118 | 15,890 | 14 |
| 12/31/2025 | 80,282 | 7,864 | 8,753 | 15,310 | 17 |
| 12/31/2024 | 76,721 | 7,244 | 7,833 | 14,045 | 18 |
| 12/31/2023 | 73,585 | 6,960 | 8,895 | 13,138 | N/A |
| 6/30/2023 | 72,606 | 7,569 | 6,473 | 10,677 | N/A |
| 3/31/2023 | 71,436 | 7,291 | 7,702 | 11,813 | N/A |
| 12/31/2022 | 70,265 | 7,012 | 10,883 | 14,901 | N/A |
| 9/30/2022 | 68,569 | 7,386 | 10,000 | 13,934 | N/A |
| 6/30/2022 | 66,872 | 7,759 | 11,069 | 14,919 | N/A |
| 3/31/2022 | 63,485 | 7,445 | 9,722 | 13,599 | N/A |
| 12/31/2021 | 60,097 | 7,130 | 8,375 | 12,278 | N/A |
| 9/30/2021 | 59,240 | 6,509 | 8,178 | 11,917 | N/A |
| 6/30/2021 | 58,383 | 5,888 | 7,981 | 11,555 | N/A |
| 3/31/2021 | 58,462 | 5,959 | 7,257 | 11,242 | N/A |
| 12/31/2020 | 58,541 | 6,030 | 6,532 | 10,928 | N/A |
| 9/30/2020 | 60,142 | 6,188 | 6,311 | 10,892 | N/A |
| 6/30/2020 | 61,742 | 6,345 | 6,090 | 10,855 | N/A |
| 3/31/2020 | 63,822 | 6,457 | 6,871 | 11,547 | N/A |
| 12/31/2019 | 65,902 | 6,569 | 7,651 | 12,239 | N/A |
| 9/30/2019 | 65,215 | 6,243 | 7,116 | 11,758 | N/A |
| 6/30/2019 | 64,527 | 5,917 | 6,580 | 11,276 | N/A |
| 3/31/2019 | 63,515 | 5,613 | 7,305 | 11,662 | N/A |
| 12/31/2018 | 62,503 | 5,309 | 8,030 | 12,047 | N/A |
| 9/30/2018 | 61,474 | 3,368 | 8,157 | 12,081 | N/A |
| 6/30/2018 | 60,445 | 1,426 | 8,283 | 12,115 | N/A |
| 3/31/2018 | 60,550 | 1,343 | 8,032 | 11,975 | N/A |
| 12/31/2017 | 60,655 | 1,259 | 7,781 | 11,834 | N/A |
| 9/30/2017 | 61,601 | 3,091 | N/A | 11,428 | N/A |
| 6/30/2017 | 62,547 | 4,923 | N/A | 11,022 | N/A |
| 3/31/2017 | 62,581 | 4,705 | N/A | 10,176 | N/A |
| 12/31/2016 | 62,614 | 4,486 | N/A | 9,329 | N/A |
| 9/30/2016 | 61,585 | 3,255 | N/A | 9,394 | N/A |
| 6/30/2016 | 64,195 | -2,554 | N/A | 11,589 | N/A |
| 3/31/2016 | 67,505 | -1,902 | N/A | 13,335 | N/A |
| 12/31/2015 | 65,354 | -2,926 | N/A | 10,140 | N/A |
| 9/30/2015 | 65,026 | -2,836 | N/A | 9,476 | N/A |
| 6/30/2015 | 64,850 | 3,766 | N/A | 8,377 | N/A |
| 3/31/2015 | 65,081 | 4,391 | N/A | 8,053 | N/A |
| 12/31/2014 | 64,506 | 4,414 | N/A | 7,405 | N/A |
| 9/30/2014 | 65,347 | 5,373 | N/A | 7,977 | N/A |
| 6/30/2014 | 64,646 | 5,478 | N/A | 8,085 | N/A |
| 3/31/2014 | 64,542 | 5,342 | N/A | 7,805 | N/A |
| 12/31/2013 | 64,350 | 5,471 | N/A | 8,142 | N/A |
| 9/30/2013 | 64,951 | 4,536 | N/A | 9,309 | N/A |
| 6/30/2013 | 66,119 | 4,464 | N/A | 9,517 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CARL B's forecast earnings growth (7% per year) is above the savings rate (0.8%).
Earnings vs Market: CARL B's earnings (7% per year) are forecast to grow slower than the Danish market (13.4% per year).
High Growth Earnings: CARL B's earnings are forecast to grow, but not significantly.
Revenue vs Market: CARL B's revenue (4.5% per year) is forecast to grow slower than the Danish market (11.1% per year).
High Growth Revenue: CARL B's revenue (4.5% 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 (34.8%)