Carlsberg Brewery Malaysia Berhad Future Growth

Future criteria checks 2/6

Carlsberg Brewery Malaysia Berhad is forecast to grow earnings and revenue by 6.4% and 5.1% per annum respectively. EPS is expected to grow by 6.4% per annum. Return on equity is forecast to be 124.6% in 3 years.

Key information

6.4%

Earnings growth rate

6.4%

EPS growth rate

Beverage earnings growth	6.1%
Revenue growth rate	5.1%
Future return on equity	124.6%
Analyst coverage	Good
Last updated	11 Nov 2024

Recent future growth updates

Recent updates

Carlsberg Brewery Malaysia Berhad's (KLSE:CARLSBG) Dividend Will Be Increased To MYR0.23

Nov 12

These 4 Measures Indicate That Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Is Using Debt Reasonably Well

Oct 16

Is There An Opportunity With Carlsberg Brewery Malaysia Berhad's (KLSE:CARLSBG) 30% Undervaluation?

Aug 06

Carlsberg Brewery Malaysia Berhad's (KLSE:CARLSBG) CEO Compensation Is Looking A Bit Stretched At The Moment

Apr 17

Carlsberg Brewery Malaysia Berhad's (KLSE:CARLSBG) Solid Earnings May Rest On Weak Foundations

Feb 14

Does Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Have A Healthy Balance Sheet?

Dec 01

Carlsberg Brewery Malaysia Berhad's (KLSE:CARLSBG) Shareholders Will Receive A Smaller Dividend Than Last Year

Apr 04

Should You Be Adding Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) To Your Watchlist Today?

Mar 20

Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Shares Could Be 30% Above Their Intrinsic Value Estimate

Feb 03

Estimating The Intrinsic Value Of Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG)

Oct 20

We Think Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Can Manage Its Debt With Ease

Sep 27

Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Has A Rock Solid Balance Sheet

Jun 22

Calculating The Fair Value Of Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG)

May 27

Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Will Pay A Larger Dividend Than Last Year At RM0.46

Mar 22

Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Could Easily Take On More Debt

Mar 18

Calculating The Fair Value Of Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG)

Feb 17

Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Has A Pretty Healthy Balance Sheet

Nov 11

Estimating The Intrinsic Value Of Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG)

Jun 06

Earnings and Revenue Growth Forecasts

KLSE:CARLSBG - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,668	390	371	452	8
12/31/2025	2,555	371	343	427	8
12/31/2024	2,436	348	287	385	8
9/30/2024	2,370	336	299	351	N/A
6/30/2024	2,327	321	297	354	N/A
3/31/2024	2,326	330	280	336	N/A
12/31/2023	2,261	327	270	326	N/A
9/30/2023	2,293	309	189	311	N/A
6/30/2023	2,351	310	218	348	N/A
3/31/2023	2,419	311	251	387	N/A
12/31/2022	2,412	317	266	415	N/A
9/30/2022	2,342	328	356	472	N/A
6/30/2022	2,120	278	225	310	N/A
3/31/2022	1,895	226	221	294	N/A
12/31/2021	1,773	201	218	276	N/A
9/30/2021	1,703	168	140	173	N/A
6/30/2021	1,789	182	289	326	N/A
3/31/2021	1,727	156	249	285	N/A
12/31/2020	1,785	162	167	212	N/A
9/30/2020	1,886	193	284	327	N/A
6/30/2020	1,993	222	253	308	N/A
3/31/2020	2,187	276	328	398	N/A
12/31/2019	2,257	291	312	379	N/A
9/30/2019	2,208	289	261	341	N/A
6/30/2019	2,159	285	257	330	N/A
3/31/2019	2,094	284	286	348	N/A
12/31/2018	1,982	277	322	379	N/A
9/30/2018	1,887	260	281	329	N/A
6/30/2018	1,817	238	N/A	341	N/A
3/31/2018	1,814	235	N/A	273	N/A
12/31/2017	1,768	221	N/A	338	N/A
9/30/2017	1,773	218	N/A	308	N/A
6/30/2017	1,743	219	N/A	295	N/A
3/31/2017	1,726	209	N/A	338	N/A
12/31/2016	1,679	205	N/A	263	N/A
9/30/2016	1,667	232	N/A	324	N/A
6/30/2016	1,680	251	N/A	296	N/A
3/31/2016	1,686	232	N/A	263	N/A
12/31/2015	1,660	216	N/A	223	N/A
9/30/2015	1,661	204	N/A	209	N/A
6/30/2015	1,665	198	N/A	212	N/A
3/31/2015	1,619	206	N/A	255	N/A
12/31/2014	1,635	212	N/A	242	N/A
9/30/2014	1,599	213	N/A	249	N/A
6/30/2014	1,542	195	N/A	208	N/A
3/31/2014	1,530	186	N/A	186	N/A
12/31/2013	1,555	184	N/A	174	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CARLSBG's forecast earnings growth (6.4% per year) is above the savings rate (3.6%).

Earnings vs Market: CARLSBG's earnings (6.4% per year) are forecast to grow slower than the MY market (11% per year).

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

Revenue vs Market: CARLSBG's revenue (5.1% per year) is forecast to grow slower than the MY market (6.1% per year).

High Growth Revenue: CARLSBG's revenue (5.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CARLSBG's Return on Equity is forecast to be very high in 3 years time (124.6%).

Carlsberg Brewery Malaysia Berhad Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Carlsberg Brewery Malaysia Berhad Announces Temporary Suspension of Operations

Recent updates

Carlsberg Brewery Malaysia Berhad's (KLSE:CARLSBG) Dividend Will Be Increased To MYR0.23

Third quarter dividend of RM0.23 announced

Third quarter 2024 earnings released: EPS: RM0.30 (vs RM0.25 in 3Q 2023)

These 4 Measures Indicate That Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Is Using Debt Reasonably Well

Upcoming dividend of RM0.20 per share

Second quarter dividend of RM0.20 announced

Second quarter 2024 earnings released: EPS: RM0.26 (vs RM0.29 in 2Q 2023)

Carlsberg Brewery Malaysia Berhad Announces Second Interim Single-Tier Dividend for the Financial Year End 31 December 2024, Payable on October 17, 2024

Is There An Opportunity With Carlsberg Brewery Malaysia Berhad's (KLSE:CARLSBG) 30% Undervaluation?

Carlsberg Brewery Malaysia Berhad Appoints Ong E-Shynn as Assistant Secretary with Effect from July 1, 2024

Upcoming dividend of RM0.22 per share

Upcoming dividend of RM0.31 per share

First quarter 2024 earnings released: EPS: RM0.29 (vs RM0.28 in 1Q 2023)

Carlsberg Brewery Malaysia Berhad Approves Final Single-Tier Dividend in Respect of the Financial Year Ended 31 December 2023

Carlsberg Brewery Malaysia Berhad's (KLSE:CARLSBG) CEO Compensation Is Looking A Bit Stretched At The Moment

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

Carlsberg Brewery Malaysia Berhad, Annual General Meeting, Apr 24, 2024

Carlsberg Brewery Malaysia Berhad Proposes Final Single-Tier Dividend for the Year Ended 31 December 2023, Payable on 21 June 2024

Carlsberg Brewery Malaysia Berhad's (KLSE:CARLSBG) Solid Earnings May Rest On Weak Foundations

Full year 2023 earnings released: EPS: RM1.09 (vs RM1.04 in FY 2022)

Does Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Have A Healthy Balance Sheet?

Upcoming dividend of RM0.19 per share at 4.6% yield

Third quarter 2023 earnings released: EPS: RM0.25 (vs RM0.25 in 3Q 2022)

Upcoming dividend of RM0.22 per share at 4.4% yield

Second quarter 2023 earnings released: EPS: RM0.29 (vs RM0.29 in 2Q 2022)

Upcoming dividend of RM0.21 per share at 4.1% yield

First quarter 2023 earnings released: EPS: RM0.28 (vs RM0.30 in 1Q 2022)

Upcoming dividend of RM0.25 per share at 4.0% yield

Carlsberg Brewery Malaysia Berhad's (KLSE:CARLSBG) Shareholders Will Receive A Smaller Dividend Than Last Year

Should You Be Adding Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) To Your Watchlist Today?

Full year 2022 earnings released: EPS: RM1.04 (vs RM0.66 in FY 2021)

Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Shares Could Be 30% Above Their Intrinsic Value Estimate

Carlsberg Brewery Malaysia Berhad, Annual General Meeting, Apr 19, 2023

Upcoming dividend of RM0.19 per share

Third quarter 2022 earnings released: EPS: RM0.25 (vs RM0.085 in 3Q 2021)

High number of new directors

Third quarter 2022 earnings released: EPS: RM0.25 (vs RM0.085 in 3Q 2021)

Carlsberg Brewery Malaysia Berhad Announces Third Interim Single-Tier Dividend for the Financial Year End 31 December 2022, Payable on 09 December 2022

Estimating The Intrinsic Value Of Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG)

We Think Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Can Manage Its Debt With Ease

Carlsberg Brewery Malaysia Berhad Announces Appointment of Mr. João Miguel Ventura Rego Abecasis as Non Independent and Non Executive Director

Now 20% undervalued

Upcoming dividend of RM0.22 per share

Carlsberg Brewery Malaysia Berhad Announces Second Interim Single-Tier Dividend for the Financial Year End 31 December 2022, Payable on 15 September 2022

Second quarter 2022 earnings released: EPS: RM0.29 (vs RM0.12 in 2Q 2021)

High number of new and inexperienced directors

Now 20% undervalued

Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Has A Rock Solid Balance Sheet

Carlsberg Brewery Malaysia Berhad Announces Resignation of Mr. Leonard Cornelis Jorden Evers as Non Independent and Non Executive Director

Upcoming dividend of RM0.22 per share

Calculating The Fair Value Of Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG)

Carlsberg Brewery Malaysia Berhad Announces First Interim Single-Tier Dividend for the Financial Year Ending December 31, 2022, Payable on June 22, 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Carlsberg Brewery Malaysia Berhad Announces First Interim Single-Tier Dividend for the Financial Year Ending December 31, 2022, Payable on June 22, 2022

High number of new directors

Upcoming dividend of RM0.46 per share

High number of new directors

Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Will Pay A Larger Dividend Than Last Year At RM0.46

Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Could Easily Take On More Debt

High number of new directors

Carlsberg Brewery Malaysia Berhad Proposes Single Tier Final Dividend for the Financial Year Ended 31 December 2021, Payable on 12 May 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Carlsberg Brewery Malaysia Berhad Appoints Datuk Lee Oi Kuan as Independent and Non Executive Director, Chairman of Nomination and Remuneration Committee and Member of Risk Committee

Calculating The Fair Value Of Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG)

Carlsberg Brewery Malaysia Berhad Announces Resignation of Michelle Tanya Achuthan as Independent and Non Executive Director, Effective February 28, 2022

Carlsberg Brewery Malaysia Berhad Resigns Lawrence Roland Arthur as Non Independent and Non Executive Director

Now 21% undervalued after recent price drop

Third quarter 2021 earnings released: EPS RM0.085 (vs RM0.13 in 3Q 2020)

Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG) Has A Pretty Healthy Balance Sheet

Upcoming dividend of RM0.10 per share

Carlsberg Brewery Malaysia Berhad Announces Temporary Suspension of Operations

Estimating The Intrinsic Value Of Carlsberg Brewery Malaysia Berhad (KLSE:CARLSBG)

First quarter 2021 earnings released: EPS RM0.22 (vs RM0.24 in 1Q 2020)

Earnings and Revenue Growth Forecasts