1. Denmark Stocks

  2. •

    Consumer Defensive

  3. •

    Beverages - Alcoholic
Carlsberg A/S

Carlsberg A/S

CARL-B.CO
Carlsberg A/SDK flagNASDAQ Copenhagen
829.80
DKK
-12.00
- -
109.68BMarket Cap
Carlsberg A/S
CARL-B.CO
(NASDAQ Copenhagen)

Recent

price

829.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
393.67
416.69
435.73
421.83
422.89
428.43
410.43
397.75
410.05
438.15
400.68
417.78
502.49
540.71
565.58
674.12
428.6
Revenue per Share
39.07
33.76
36.76
35.86
28.94
-19.18
29.41
8.26
34.83
43.67
41.27
47.59
-7.6
-299.72
68.73
45.06
-19.19
Basic EPS, GAAP
50.1
57.54
64.67
53.26
48.42
65.94
61.02
77.6
78.97
81.34
44.71
58.22
63.87
54.11
47.37
51.75
65.97
Free Cash Flow per Basic Share
- -
5
5.5
6
8
9
9
10
16
18.2
21.17
22.16
24.24
27.15
27.15
27
- -
Dividend per Share
467.42
489.1
503.05
535.58
547.04
517.47
526.44
527.33
538.87
512.6
548.46
578.3
526.43
191.44
213.13
234.54
20.01
Book Value per Share
-118.93
-114.15
-115.15
-152.31
-173.15
-168.41
-151.33
-119.79
-124.51
-159.52
-155.36
-137.08
-103.7
-171.59
-170.13
-397.65
-168.47
Tangible Book Value per Share
153
153
153
153
153
153
153
152
152
150
146
144
140
136
133
132
152
Basic Weighted Avg Shares
60,054
63,561
66,468
64,350
64,506
65,354
62,614
60,655
62,503
65,902
58,541
60,097
70,265
73,585
75,011
89,095
65,354
Sales/Revenue/Turnover
17.07
14.88
14.35
14.52
13.42
12.24
12.55
14.11
14.66
15.31
16.29
16.17
14.93
14.24
14.33
14.16
12.26
Operating Margin (%)
3,987
4,352
4,545
3,863
4,103
4,674
4,742
4,581
4,091
4,542
4,386
4,238
4,187
4,074
4,370
5,428
4,674
Depreciation Expense
5,960
5,149
5,607
5,471
4,414
-2,926
4,486
1,259
5,309
6,569
6,030
6,846
-1,063
-40,788
9,116
5,955
-2,926
Net Income, GAAP
24.03
24.41
22.96
23.55
26.14
- -
33
41.39
28.01
26.9
24.7
20.62
17.85
18.91
19.85
22.9
132.82
Effective Tax Rate (%)
9.92
8.1
8.44
8.5
6.84
-4.48
7.16
2.08
8.49
9.97
10.3
11.39
-1.51
-55.43
12.15
6.68
-4.48
Profit Margin (%)
-11,283
-7,757
-6,400
-15,255
-8,507
-12,683
-17,172
-9,814
-16,395
-15,363
-9,453
-20,191
-14,498
-17,032
-19,676
-19,297
-12,683
Working Capital
32,587
34,364
36,706
30,239
38,690
31,479
21,137
23,340
16,750
20,879
29,291
22,755
22,865
30,763
27,392
61,452
31,479
LT Debt
69,629
71,629
73,650
71,001
55,997
47,231
53,650
49,525
47,889
46,033
43,362
48,756
34,722
25,749
30,612
30,676
47,231
Total Equity
7.56
6.65
6.6
6.34
6.13
- -
6.24
6.29
8.95
10.19
9.8
10.04
12.07
13.17
12.81
11.35
11.42
Return on Invested Capital (%)
8.07
5.53
5.68
5.37
4.14
- -
4.31
0.95
4.69
5.83
5.38
5.39
-1.51
-47.35
13.33
8.27
-53.76
Return on Capital (%)
8.64
7.06
7.41
6.91
5.35
-3.6
5.63
1.57
6.53
8.25
7.67
8.38
-1.36
-81.85
33.56
20.1
-95.9
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'15
Sep'15
Dec'15
ST Debt
2,078
1,481
4,549
LT Borrowings
38,811
36,177
31,479
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
153
153
153
Market Capitalization
72,666
61,318
73,284

Working Capital

FRC

•

in mil. unless spec.
Jun'15
Sep'15
Dec'15
Total Current Assets
22,225
19,201
17,076
Cash, Cash Equivalents & STI
2,826
3,024
3,131
Accounts Receivable, Net
- -
6,727
5,729
Inventories
14,104
4,391
3,817
Total Current Liabilities
31,081
27,737
29,759
Payables & Accruals
- -
- -
- -
ST Debt
2,078
1,481
4,549
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.02%
-4.62%
0.21%
Free Cash Flow
-1.21%
2.3%
8.87%
Net Income, GAAP
349%
695.61%
-34.68%
Sales/Revenue/Turnover
3.5%
9%
18.78%
Total Cash Common Dividend
- -
3%
-0.89%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
73,585
2024
- -
- -
- -
- -
75,011
2025
- -
- -
- -
- -
89,095

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
-299.72
2024
- -
- -
- -
- -
68.73
2025
- -
- -
- -
- -
45.06

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
27.15
2024
- -
- -
- -
- -
27.15
2025
- -
- -
- -
- -
27
Similar Companies
Jagatjit Industries Limited (JAGAJITIND.BO)
Gurktaler AG (GAGS.VI)
Malteries Franco-Belges S.A. (MALT.PA)
Big Rock Brewery Inc. (BR.TO)
Lucas Bols N.V. (0R6E.L)
United Breweries Limited (UBL.BO)
Business
Carlsberg A/S is a multinational brewer that manufactures and distributes a wide range of beer and other beverage products globally. Its extensive portfolio includes core lagers, diverse craft and specialty beers, and alcohol-free options, alongside ciders, soft drinks, and bottled water. Key offerings are marketed under prominent brand names such as Carlsberg, Tuborg, Kronenbourg 1664, Grimbergen, Somersby, and Holsten. The company delivers its products across Western Europe, Asia, and Central & Eastern Europe, reaching consumers in over 150 countries. Founded in 1847, Carlsberg A/S maintains its headquarters in Copenhagen, Denmark.