How does CARLBC's PE Ratio compare to its peers?

CARLBC is good value based on its Price-To-Earnings Ratio (14x) compared to the peer average (18x).

How does CARLBC's PE Ratio compare vs other companies in the European Beverage Industry?

CARLBC is good value based on its Price-To-Earnings Ratio (14x) compared to the European Beverage industry average (17.4x).

What is CARLBC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate CARLBC's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of CARLBC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CARLBC (DKK719.2) is trading below our estimate of [[fair value]] (DKK2812.88)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Carlsberg (BATS-CHIXE:CARLBC) - Stock Price, News & Analysis

CARLBC Stock Overview

Produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. More details

CARLBC fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	2/6
Financial Health	2/6
Dividends	5/6

Rewards

Trading at 74.4% below our estimate of its fair value

Earnings are forecast to grow 12.23% per year

Pays a reliable dividend of 3.75%

Analysts in good agreement that stock price will rise by 39.6%

Risk Analysis

Has a high level of debt

Carlsberg A/S Competitors

Coca-Cola HBC

LSE:CCH

UK£10.0b

Associated British Foods

LSE:ABF

UK£16.1b

Britvic

LSE:BVIC

UK£3.2b

Shepherd Neame

OFEX:SHEP

UK£85.1m

Price History & Performance

Summary of all time highs, changes and price drops for Carlsberg
Historical stock prices
Current Share Price	DKK 719.20
52 Week High	DKK 978.80
52 Week Low	DKK 715.60
Beta	0.64
11 Month Change	-11.57%
3 Month Change	-10.80%
1 Year Change	-14.95%
33 Year Change	-34.86%
5 Year Change	-26.34%
Change since IPO	49.77%

Recent updates

Shareholder Returns

	CARLBC	GB Beverage	GB Market
7D	-3.6%	-0.5%	-0.4%
1Y	-14.9%	-9.3%	5.6%

Return vs Industry: CARLBC underperformed the UK Beverage industry which returned -9.3% over the past year.

Return vs Market: CARLBC underperformed the UK Market which returned 5.6% over the past year.

Price Volatility

Is CARLBC's price volatile compared to industry and market?
CARLBC volatility
CARLBC Average Weekly Movement	4.7%
Beverage Industry Average Movement	3.1%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.2%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: CARLBC has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: Insufficient data to determine CARLBC's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1847	31,000	Jacob Aarup-Andersen	www.carlsberggroup.com

Carlsberg A/S produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers core, and craft and specialty beers; and alcohol-free brews. It provides its products under various brands.

Carlsberg A/S Fundamentals Summary

How do Carlsberg's earnings and revenue compare to its market cap?
CARLBC fundamental statistics
Market cap	DKK 100.89b
Earnings (TTM)	DKK 6.80b
Revenue (TTM)	DKK 74.56b

14.0x

P/E Ratio

1.3x

P/S Ratio

Is CARLBC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CARLBC income statement (TTM)
Revenue	DKK 74.56b
Cost of Revenue	DKK 40.67b
Gross Profit	DKK 33.90b
Other Expenses	DKK 27.10b
Earnings	DKK 6.80b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 06, 2025

Earnings per share (EPS)	51.47
Gross Margin	45.46%
Net Profit Margin	9.12%
Debt/Equity Ratio	147.0%

How did CARLBC perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

54%

Payout Ratio

CARLBC Stock Overview

Rewards

Risk Analysis

Carlsberg A/S Competitors

LSE:CCH

UK£10.0b

LSE:ABF

UK£16.1b

LSE:BVIC

UK£3.2b

OFEX:SHEP

UK£85.1m

Price History & Performance

Recent News & Updates

Carlsberg A/S to Report Q2, 2025 Results on Aug 14, 2025

Carlsberg and Brooklyn Brewery Launch First Ever Lager Where All Barley Is Replacement with Drought-Resistant Fonio Grain

Carlsberg and Brooklyn Brewery Launch First Ever Lager Where All Barley Is Replacement with Drought-Resistant Fonio Grain

Carlsberg A/S Appoints Bob Kunze-Concewitz as Members of the Supervisory Board

Carlsberg A/S Announces Board Appointments

Dividend of kr.27.00 announced

Recent updates

Carlsberg A/S to Report Q2, 2025 Results on Aug 14, 2025

Carlsberg and Brooklyn Brewery Launch First Ever Lager Where All Barley Is Replacement with Drought-Resistant Fonio Grain

Carlsberg and Brooklyn Brewery Launch First Ever Lager Where All Barley Is Replacement with Drought-Resistant Fonio Grain

Carlsberg A/S Appoints Bob Kunze-Concewitz as Members of the Supervisory Board

Carlsberg A/S Announces Board Appointments

Dividend of kr.27.00 announced

Dividend of kr.27.00 announced

Full year 2023 earnings released: EPS: kr.51.90 (vs kr.50.15 in FY 2022)

Carlsberg A/S, Annual General Meeting, Mar 11, 2024

First half 2023 earnings released: EPS: kr.28.49 (vs kr.23.71 in 1H 2022)

An unknown buyer signed an agreement to acquire Russian business from Carlsberg A/S.

Carlsberg A/S Announces Supervisory Board Changes

Now 20% undervalued

Upcoming dividend of kr.27.00 per share at 2.7% yield

Carlsberg A/S Announces Not Stand for Re-Election of Carl Bache as Director

Carlsberg A/S Proposes Dividend for 2022

Full year 2022 earnings released

Carlsberg A/S Provides Earnings Guidance for the Year 2022

Carlsberg A/S to Report First Half, 2023 Results on Aug 16, 2023

Carlsberg Group Appoints Ulrica Fearn as Member of the Executive Board, Effective 1 January 2023

First half 2022 earnings released: EPS: kr.23.71 (vs kr.18.75 in 1H 2021)

Carlsberg A/S Upgrades Financial Guidance for the Year 2022

Carlsberg Announces the Resignation of Heine Dalsgaard as CFO, Effective 31 December 2022

Carlsberg, Nirma, Oaktree Capital and Cerberus in Race for Hindusthan National Glass

Carlsberg Reportedly in Talks to Sell Russian Unit to Chernogolovka

Upcoming dividend of kr.24.00 per share

Investor sentiment deteriorated over the past week

Carlsberg A/S Provides Earnings Guidance for the Fiscal Year 2022

Carlsberg A/S Approves Dividend for the Full Year 2021

First half 2021 earnings released: EPS kr.20.92 (vs kr.19.42 in 1H 2020)

Carlsberg A/S Provides Earnings Guidance for the Full Year 2021

Independent Member of Supervisory Board has left the company

Carlsberg A/S Approves Dividend for the Full Year 2020

Carlsberg A/S Elects Henrik Poulsen as Deputy Chair

Executive Vice President of Western Europe Jacek Pastuszka has left the company

New 90-day high: kr.990

Revenue misses expectations

Full year 2020 earnings released

New 90-day high: kr.986

Joris Huijsmans Joins Carlsberg Group as New Chief Human Resources Officer

Carlsberg A/S to Report Fiscal Year 2020 Results on Feb 05, 2021

Carlsberg A/S (CPSE:CARL B) entered into an agreement to acquire Wernesgrüner Brauerei GmbH from Bitburger Braugruppe GmbH.

Carlsberg A/S to Report Q3, 2020 Results on Oct 28, 2020

Carlsberg A/S Provides Updated on Earnings Guidance for the Year 2020

Shareholder Returns

Price Volatility

About the Company

Carlsberg A/S Fundamentals Summary

14.0x

1.3x

Earnings & Revenue

Dividends

3.8%

54%