Carlsberg A/S

LSE:0AI4 Stock Report

Market Cap: DKK 97.0b

Carlsberg Past Earnings Performance

Past criteria checks 2/6

Carlsberg has been growing earnings at an average annual rate of 3.7%, while the Beverage industry saw earnings growing at 8.3% annually. Revenues have been growing at an average rate of 4% per year. Carlsberg's return on equity is 32.7%, and it has net margins of 9.1%.

Key information

3.7%

Earnings growth rate

6.1%

EPS growth rate

Beverage Industry Growth-0.06%
Revenue growth rate4.0%
Return on equity32.7%
Net Margin9.1%
Next Earnings Update06 Feb 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Carlsberg makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:0AI4 Revenue, expenses and earnings (DKK Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 2474,5636,79823,4220
31 Mar 2474,0746,87922,9420
31 Dec 2373,5856,96022,4620
30 Jun 2372,6067,56922,0690
31 Mar 2371,4367,29121,8370
31 Dec 2270,2657,01221,6040
30 Sep 2268,5697,38620,8940
30 Jun 2266,8727,75920,1840
31 Mar 2263,4857,44519,5370
31 Dec 2160,0977,13018,8900
30 Sep 2159,2406,50918,7290
30 Jun 2158,3835,88818,5680
31 Mar 2158,4625,95918,7200
31 Dec 2058,5416,03018,8720
30 Sep 2060,1426,18819,8280
30 Jun 2061,7426,34520,7830
31 Mar 2063,8226,45721,7050
31 Dec 1965,9026,56922,6260
30 Sep 1965,2156,24322,3450
30 Jun 1964,5275,91722,0630
31 Mar 1963,5155,61322,1150
31 Dec 1862,5035,30922,1660
30 Sep 1861,4743,36821,9360
30 Jun 1860,4451,42621,7050
31 Mar 1860,5501,34321,7550
31 Dec 1760,6551,25921,8050
30 Sep 1761,6013,09122,4040
30 Jun 1762,5474,92323,0030
31 Mar 1762,5814,70523,4110
31 Dec 1662,6144,48623,8190
30 Sep 1661,5853,25523,6760
30 Jun 1664,195-2,55424,0010
31 Mar 1667,505-1,90224,6640
31 Dec 1565,354-2,92624,2120
30 Sep 1565,026-2,83624,0380
30 Jun 1564,8503,76623,9140
31 Mar 1565,0814,39123,6030
31 Dec 1464,5064,41423,4540
30 Sep 1465,3475,37323,4860
30 Jun 1464,6465,47823,2000
31 Mar 1464,5425,34222,9770
31 Dec 1364,3505,47122,7110

Quality Earnings: 0AI4 has high quality earnings.

Growing Profit Margin: 0AI4's current net profit margins (9.1%) are lower than last year (10.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 0AI4's earnings have grown by 3.7% per year over the past 5 years.

Accelerating Growth: 0AI4's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 0AI4 had negative earnings growth (-10.2%) over the past year, making it difficult to compare to the Beverage industry average (6.5%).

Return on Equity

High ROE: Whilst 0AI4's Return on Equity (32.75%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 15:40
End of Day Share Price 2024/12/18 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Carlsberg A/S is covered by 57 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael Vitfell-RasmussenABG Sundal Collier
Anthony BucaloBanco Santander
Laurence WhyattBarclays