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Carlsberg A/S (CARL-B.CO)
DKK917.80
-3.80 (-0.41%)
DK CPH Consumer Defensive Beverages - Alcoholic
Address
1 J. C. Jacobsens Gade 1799
Copenhagen, DK
Copenhagen, DK
CEO
Jacob Aarup-Andersen
Website
carlsberggroup.com
IPO
2000-01-03
ISIN DK0010181759
Also trades on
NASDAQ Copenhagen · CARL-A.CO (DKK)
NASDAQ Copenhagen · CARL-B.CO (DKK)
Other OTC · CABGY (USD)
Other OTC · CABHF (USD)
Other OTC · CABJF (USD)
Description
Carlsberg A/S is a Danish corporation primarily engaged in the manufacturing and marketing of beer and various other beverages. Its extensive product offerings include staple, artisanal, and specialized beers, alongside a selection of non-alcoholic options. These products are prominently sold under a variety of brands, including Carlsberg, Tuborg, Feldschlösschen, Baltika, Chongqing, 1664 Blanc, Grimbergen, Ringnes, and Somersby. The company, established in 1847 and based in Copenhagen, Denmark, also boasts a significant international presence, exporting its goods to approximately 100 nations worldwide.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
DKK917.80
-3.80 (-0.41%)
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Volume Profile
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Liquidity & share structure
Average Volume
231.7K
Beta
0.64
Float Shares
120.58M
Free Float %
91.2%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.03% | +1.71% | -0.05% | -3.96% | +1.15% | +2.20% | -9.73% | -20.04% | -25.83% | +37.80% | +285.14% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
917.80
DCF (Unlevered)
2,109.41
+129.8%
DCF (Levered)
2,310.63
+151.8%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
75% Bullish
| Rating | 2026-06 | Change |
|---|---|---|
| Strong Buy | 5 | 0 |
| Buy | 13 | +1 |
| Hold | 5 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 1 | 0 |
Quality scores
Altman Z-Score
2.19
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Beverages - Alcoholic: +1.2%+18.8% ★ Q4'25: +20.8% (vs Q4'23)
-
EPS growth Beverages - Alcoholic: +10.7%-12.9% Q4'25: +106.0% (vs Q4'23)
-
FCF margin FCF growth · Beverages - Alcoholic: -4.0%+6.5% Q4'25: +10.5% (vs Q4'23)
-
EBIT margin Beverages - Alcoholic: +13.7%+12.4% Q4'25: +9.6% (vs Q4'23)
-
ROIC Beverages - Alcoholic: +6.8%+9.1% ★ Q4'25: +13.7% (vs Q4'23)
-
Share dilution Beverages - Alcoholic: +0.0%-0.3% ★ Q4'25: -2.3% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Beverages - Alcoholic: -0.12×4.43× Q4'25: 2.56× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 21 Rev. Ana. 20 EPS Ana. |
Dec 2027 22 Rev. Ana. 20 EPS Ana. |
Dec 2028 21 Rev. Ana. 16 EPS Ana. |
Dec 2029 10 Rev. Ana. 14 EPS Ana. |
Dec 2030 10 Rev. Ana. 14 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
65.35B
est: 64.94B (+0.6%)
|
62.61B
est: 63.15B (-0.9%)
|
61.81B
est: 62.20B (-0.6%)
|
62.50B
est: 62.10B (+0.7%)
|
65.90B
est: 66.08B (-0.3%)
|
58.54B
est: 59.11B (-1.0%)
|
66.63B
est: 66.22B (+0.6%)
|
70.27B
est: 70.44B (-0.3%)
|
73.59B
est: 74.56B (-1.3%)
|
75.01B
est: 74.95B (+0.1%)
|
89.10B
est: 89.30B (-0.2%)
|
92.73B
91.80B – 93.82B
+3.8% YoY
|
96.08B
94.16B – 98.44B
+3.6% YoY
|
99.45B
99.34B – 99.55B
+3.5% YoY
|
103.33B
101.77B – 105.21B
+3.9% YoY
|
108.59B
106.95B – 110.58B
+5.1% YoY
|
| EBITDA |
4.07B
est: 14.08B (-71.1%)
|
12.57B
est: 13.69B (-8.2%)
|
13.07B
est: 13.49B (-3.1%)
|
13.41B
est: 13.46B (-0.4%)
|
15.22B
est: 14.33B (+6.2%)
|
13.69B
est: 12.82B (+6.8%)
|
15.05B
est: 14.36B (+4.8%)
|
14.74B
est: 15.27B (-3.5%)
|
15.02B
est: 15.43B (-2.7%)
|
15.80B
est: 15.51B (+1.8%)
|
16.46B
est: 18.49B (-11.0%)
|
19.19B
19.00B – 19.42B
+3.8% YoY
|
19.89B
19.49B – 20.38B
+3.6% YoY
|
20.59B
20.56B – 20.61B
+3.5% YoY
|
21.39B
21.07B – 21.78B
+3.9% YoY
|
22.48B
22.14B – 22.89B
+5.1% YoY
|
| EBIT |
7.91B
est: 9.91B (-20.1%)
|
8.58B
est: 9.64B (-11.0%)
|
4.54B
est: 9.49B (-52.1%)
|
9.24B
est: 9.47B (-2.5%)
|
10.70B
est: 10.08B (+6.2%)
|
9.35B
est: 9.02B (+3.7%)
|
10.88B
est: 10.10B (+7.7%)
|
9.76B
est: 10.75B (-9.2%)
|
10.95B
est: 10.84B (+1.0%)
|
11.43B
est: 10.90B (+4.9%)
|
11.03B
est: 12.98B (-15.0%)
|
13.48B
13.35B – 13.64B
+3.8% YoY
|
13.97B
13.69B – 14.31B
+3.6% YoY
|
14.46B
14.44B – 14.47B
+3.5% YoY
|
15.02B
14.80B – 15.30B
+3.9% YoY
|
15.79B
15.55B – 16.08B
+5.1% YoY
|
| Net Income |
-2.58B
est: 3.83B (-167.4%)
|
4.49B
est: 3.76B (+19.3%)
|
2.07B
est: 4.33B (-52.3%)
|
5.31B
est: 4.66B (+13.8%)
|
6.57B
est: 5.44B (+20.9%)
|
6.03B
est: 5.22B (+15.4%)
|
6.85B
est: 6.43B (+6.5%)
|
8.18B
est: 7.57B (+8.1%)
|
-40.79B
est: 6.80B (-700.0%)
|
9.12B
est: 7.01B (+30.1%)
|
5.96B
est: 7.32B (-18.7%)
|
8.47B
8.09B – 8.85B
+15.7% YoY
|
9.47B
8.80B – 10.15B
+11.8% YoY
|
9.56B
9.23B – 11.95B
+0.9% YoY
|
11.57B
11.34B – 11.84B
+21.0% YoY
|
14.32B
14.03B – 14.66B
+23.8% YoY
|
| SGA |
24.07B
est: 20.29B (+18.6%)
|
23.70B
est: 19.73B (+20.1%)
|
22.98B
est: 19.43B (+18.3%)
|
22.09B
est: 19.40B (+13.9%)
|
22.56B
est: 20.64B (+9.3%)
|
18.83B
est: 18.46B (+2.0%)
|
20.89B
est: 20.68B (+1.0%)
|
21.57B
est: 22.00B (-2.0%)
|
22.43B
est: 23.20B (-3.3%)
|
23.62B
est: 23.32B (+1.3%)
|
28.09B
est: 27.78B (+1.1%)
|
28.85B
28.56B – 29.19B
+3.8% YoY
|
29.89B
29.29B – 30.62B
+3.6% YoY
|
30.94B
30.91B – 30.97B
+3.5% YoY
|
32.15B
31.66B – 32.73B
+3.9% YoY
|
33.78B
33.27B – 34.40B
+5.1% YoY
|
| EPS |
-16.94
est: 28.80 (-158.8%)
|
29.40
est: 28.28 (+4.0%)
|
13.54
est: 32.55 (-58.4%)
|
34.83
est: 35.09 (-0.7%)
|
43.67
est: 40.89 (+6.8%)
|
41.27
est: 39.30 (+5.0%)
|
47.59
est: 48.35 (-1.6%)
|
58.52
est: 53.96 (+8.5%)
|
-299.72
est: 50.25 (-696.5%)
|
51.71
est: 52.76 (-2.0%)
|
45.06
est: 58.12 (-22.5%)
|
64.56
61.04 – 66.81
+11.1% YoY
|
70.53
66.36 – 76.55
+9.2% YoY
|
76.42
69.63 – 90.13
+8.4% YoY
|
87.28
85.56 – 89.35
+14.2% YoY
|
108.01
105.89 – 110.58
+23.8% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-06-12 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-11 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-10 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-09 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-08 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-04 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-03 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-02 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-06-01 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-29 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-28 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-27 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-26 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-22 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-21 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-20 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-19 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-05-18 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-05-13 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-05-12 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-05-11 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-05-08 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-05-07 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-05-06 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-05-05 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-05-04 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-30 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-29 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-28 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-27 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-24 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-23 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-22 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-21 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-20 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-17 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-16 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
| 2026-04-15 | A- | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 3/5 | 2/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
21.79B
OE per share TTM
163.65
Owner's Yield
19.53%
Maintenance CapEx ratio
2.46%
Maint CapEx / Avg PPE
37.8%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
343.7K
Shares Outstanding
132.17M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Jacob Aarup-Andersen | Group Chief Executive Officer & Member of Executive Board | 22M | male |
| Ulrica Fearn | Chief Financial Officer & Member of Executive Board | 12M | female |
| Esther Wu | Chief Information Officer | — | female |
| Joao Miguel Ventura Rego Abecasis | Executive Vice President - Asia | — | male |
| Peter Kondrup | Vice President of Investor Relations | — | male |
| Susanne Skippari | Executive Vice President of People & Culture | — | female |
| Søren Brinck | Executive Vice President of Western Europe | — | male |
| Victor Shevtsov | Executive Vice President of Supply Chain | — | male |
| Cecilia Lundgren | Chief Financial Officer of Western Europe and DE&I Council Chair | — | — |
| Yves Briantais | Chief Marketing Officer | — | male |
| Dejan Beko | Managing Director of Greece, Central & Eastern Europe | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for CARL-B.CO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
