Carlsberg Future Growth

Future criteria checks 3/6

Carlsberg is forecast to grow earnings and revenue by 12.2% and 9.4% per annum respectively. EPS is expected to grow by 13.1% per annum. Return on equity is forecast to be 28.4% in 3 years.

Key information

12.2%

Earnings growth rate

13.1%

EPS growth rate

Beverage earnings growth	10.3%
Revenue growth rate	9.4%
Future return on equity	28.4%
Analyst coverage	Good
Last updated	15 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

OTCPK:CABG.Y - Analysts future estimates and past financials data (DKK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	98,853	9,065	9,000	16,905	12
12/31/2025	93,222	7,783	7,545	17,682	13
12/31/2024	75,216	6,881	6,889	12,380	17
6/30/2024	74,563	6,798	6,155	10,885	N/A
3/31/2024	74,074	6,879	7,525	12,012	N/A
12/31/2023	73,585	6,960	8,895	13,138	N/A
6/30/2023	72,606	7,569	10,451	14,655	N/A
3/31/2023	71,436	7,291	10,667	14,778	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	N/A	11,975	N/A
12/31/2017	60,655	1,259	N/A	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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CABG.Y's forecast earnings growth (12.2% per year) is above the savings rate (2.6%).

Earnings vs Market: CABG.Y's earnings (12.2% per year) are forecast to grow slower than the US market (15.3% per year).

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

Revenue vs Market: CABG.Y's revenue (9.4% per year) is forecast to grow faster than the US market (8.9% per year).

High Growth Revenue: CABG.Y's revenue (9.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CABG.Y's Return on Equity is forecast to be high in 3 years time (28.4%)

Carlsberg Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Carlsberg A/S Provides Earnings Guidance for the Year 2022

Carlsberg A/S Upgrades Financial Guidance for the Year 2022

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

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

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

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

Carlsberg A/S Approves Distribution of the Profit for the Year 2023

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

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

Carlsberg A/S Announces Supervisory Board Changes

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

Carlsberg A/S Proposes Dividend for 2022

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

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

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

Carlsberg A/S Approves Dividend for the Full Year 2021

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

Carlsberg A/S Approves Dividend for the Full Year 2020

Carlsberg A/S Elects Henrik Poulsen as Deputy Chair

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

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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