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RBRE

Royal Unibrew CPSE:RBREW Stock Report

Last Price

kr.592.20

Market Cap

kr.29.2b

7D

1.4%

1Y

-25.5%

Updated

19 May, 2022

Data

Company Financials +
RBREW fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance2/6
Financial Health2/6
Dividends4/6

RBREW Stock Overview

Royal Unibrew A/S produces, markets, sells, and distributes beer, malt beverages, soft drinks, ciders, and ready-to-drink products.

Royal Unibrew Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Royal Unibrew
Historical stock prices
Current Share Pricekr.592.20
52 Week Highkr.858.00
52 Week Lowkr.535.00
Beta0.65
1 Month Change-5.34%
3 Month Change-21.60%
1 Year Change-25.51%
3 Year Change20.44%
5 Year Change98.73%
Change since IPO855.16%

Recent News & Updates

May 16
Why You Should Care About Royal Unibrew's (CPH:RBREW) Strong Returns On Capital

Why You Should Care About Royal Unibrew's (CPH:RBREW) Strong Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Apr 28
Royal Unibrew (CPH:RBREW) Will Pay A Larger Dividend Than Last Year At kr.14.50

Royal Unibrew (CPH:RBREW) Will Pay A Larger Dividend Than Last Year At kr.14.50

Royal Unibrew A/S' ( CPH:RBREW ) dividend will be increasing to kr.14.50 on 3rd of May. This will take the annual...

Apr 21
An Intrinsic Calculation For Royal Unibrew A/S (CPH:RBREW) Suggests It's 48% Undervalued

An Intrinsic Calculation For Royal Unibrew A/S (CPH:RBREW) Suggests It's 48% Undervalued

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Royal Unibrew A/S...

Shareholder Returns

RBREWDK BeverageDK Market
7D1.4%0.9%1.5%
1Y-25.5%-4.3%3.4%

Return vs Industry: RBREW underperformed the Danish Beverage industry which returned -4.3% over the past year.

Return vs Market: RBREW underperformed the Danish Market which returned 3.4% over the past year.

Price Volatility

Is RBREW's price volatile compared to industry and market?
RBREW volatility
RBREW Average Weekly Movement6.4%
Beverage Industry Average Movement5.2%
Market Average Movement6.6%
10% most volatile stocks in DK Market10.8%
10% least volatile stocks in DK Market4.0%

Stable Share Price: RBREW is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: RBREW's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a2,890Lars Jensenhttps://www.royalunibrew.com

Royal Unibrew A/S produces, markets, sells, and distributes beer, malt beverages, soft drinks, ciders, and ready-to-drink products. The company also provides spring water, natural mineral water, energy drinks, fruit juices, nectar drinks, long drinks, and cocktail products. It offers its products under the Faxe Kondi, Original Long drink, LemonSoda, Novelle, Faxe, Lorina, Vitamalt, Kalnapilis, and other brands.

Royal Unibrew Fundamentals Summary

How do Royal Unibrew's earnings and revenue compare to its market cap?
RBREW fundamental statistics
Market Capkr.29.16b
Earnings (TTM)kr.1.28b
Revenue (TTM)kr.9.30b

22.1x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RBREW income statement (TTM)
Revenuekr.9.30b
Cost of Revenuekr.4.84b
Gross Profitkr.4.46b
Other Expenseskr.3.18b
Earningskr.1.28b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 17, 2022

Earnings per share (EPS)26.83
Gross Margin47.93%
Net Profit Margin13.72%
Debt/Equity Ratio119.4%

How did RBREW perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

55%

Payout Ratio

Valuation

Is Royal Unibrew undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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: RBREW (DKK591.8) is trading below our estimate of fair value (DKK1412.9)

Significantly Below Fair Value: RBREW is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RBREW is poor value based on its PE Ratio (22.1x) compared to the European Beverage industry average (21.3x).

PE vs Market: RBREW is poor value based on its PE Ratio (22.1x) compared to the Danish market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: RBREW is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: RBREW is overvalued based on its PB Ratio (8.2x) compared to the XE Beverage industry average (2x).


Future Growth

How is Royal Unibrew forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBREW's forecast earnings growth (10.7% per year) is above the savings rate (0.09%).

Earnings vs Market: RBREW's earnings (10.7% per year) are forecast to grow faster than the Danish market (8.1% per year).

High Growth Earnings: RBREW's earnings are forecast to grow, but not significantly.

Revenue vs Market: RBREW's revenue (9.2% per year) is forecast to grow faster than the Danish market (6% per year).

High Growth Revenue: RBREW's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RBREW's Return on Equity is forecast to be high in 3 years time (37.4%)


Past Performance

How has Royal Unibrew performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RBREW has high quality earnings.

Growing Profit Margin: RBREW's current net profit margins (13.7%) are lower than last year (16.3%).


Past Earnings Growth Analysis

Earnings Trend: RBREW's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: RBREW's earnings growth over the past year (5%) is below its 5-year average (10% per year).

Earnings vs Industry: RBREW earnings growth over the past year (5%) underperformed the Beverage industry 47.4%.


Return on Equity

High ROE: Whilst RBREW's Return on Equity (37.04%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Royal Unibrew's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RBREW's short term assets (DKK2.6B) do not cover its short term liabilities (DKK4.1B).

Long Term Liabilities: RBREW's short term assets (DKK2.6B) do not cover its long term liabilities (DKK3.7B).


Debt to Equity History and Analysis

Debt Level: RBREW's net debt to equity ratio (116.6%) is considered high.

Reducing Debt: RBREW's debt to equity ratio has increased from 40% to 119.4% over the past 5 years.

Debt Coverage: RBREW's debt is well covered by operating cash flow (36.1%).

Interest Coverage: RBREW's interest payments on its debt are well covered by EBIT (43.4x coverage).


Balance Sheet


Dividend

What is Royal Unibrew current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.45%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: RBREW's dividend (2.45%) is higher than the bottom 25% of dividend payers in the Danish market (1.4%).

High Dividend: RBREW's dividend (2.45%) is low compared to the top 25% of dividend payers in the Danish market (5.79%).


Stability and Growth of Payments

Stable Dividend: RBREW's dividend payments have been volatile in the past 10 years.

Growing Dividend: RBREW's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (55%), RBREW's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (65.1%), RBREW's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Lars Jensen (48 yo)

10.5yrs

Tenure

kr.9,407,000

Compensation

Mr. Lars Jensen serves as Chief Executive Officer and Member of Executive Board at Royal Unibrew A/S since September 01, 2020 and November 30, 2011 respectively. He serves as the President of Royal Unibrew...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Lars's total compensation is reasonable compared to companies of similar size in the Danish market.

Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: RBREW's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: RBREW's board of directors are considered experienced (3.6 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

Royal Unibrew A/S's employee growth, exchange listings and data sources


Key Information

  • Name: Royal Unibrew A/S
  • Ticker: RBREW
  • Exchange: CPSE
  • Founded: NaN
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: kr.29.164b
  • Shares outstanding: 47.56m
  • Website: https://www.royalunibrew.com

Number of Employees


Location

  • Royal Unibrew A/S
  • Faxe AllE 1
  • Faxe
  • Zealand Region
  • 4640
  • Denmark

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/19 00:00
End of Day Share Price2022/05/19 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.