1. Malaysia Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
Carlsberg Brewery Malaysia Bhd.

Carlsberg Brewery Malaysia Bhd.

MMYX:CARLSBG
12.64
MYR
+0.36
(+2.93%)
13.19P/E
Nov 25Next Earn
Carlsberg Brewery Malaysia Bhd.
MYX:CARLSBG
(Bursa Malaysia)

Recent

price

12.64

P/E

ratio

13.19

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
MYR
4.47
4.87
5.18
5.09
5.35
5.43
5.49
5.78
6.48
7.38
5.84
5.8
7.89
7.39
7.77
7.39
7.61
Revenue per Share
0.44
0.54
0.63
0.6
0.69
0.71
0.67
0.72
0.91
0.95
0.53
0.66
1.04
1.07
1.1
1.23
1.25
Basic EPS, GAAP
0.65
0.41
0.54
0.47
0.75
0.59
0.72
0.98
1.05
1.02
0.55
0.71
0.87
0.88
0.84
0.99
1.2
Free Cash Flow per Basic Share
0.19
0.42
0.56
0.63
0.61
0.71
0.72
0.77
1.13
1.02
0.62
0.5
1.09
0.87
0.73
1.01
1.03
Dividend per Share
1.9
0.93
0.98
0.9
1.02
1.1
1.05
0.98
0.55
0.49
0.55
0.69
0.48
0.75
0.91
1.05
0.93
Book Value per Share
0.59
0.9
0.95
0.86
0.99
1.08
1.04
0.97
0.54
0.46
0.53
0.67
0.47
0.73
0.87
0.92
0.79
Tangible Book Value per Share
306
306
306
306
306
306
306
306
306
306
306
306
306
306
306
306
306
Basic Weighted Avg Shares
1,368
1,489
1,585
1,555
1,635
1,660
1,679
1,768
1,982
2,257
1,785
1,773
2,412
2,261
2,376
2,260
2,328
Sales/Revenue/Turnover
12.76
14.51
15.29
15.1
16.36
16.45
17.51
16.91
17.5
16.61
11.21
13.92
17.62
17.64
17.5
19.9
19.63
Operating Margin (%)
19
20
22
25
26
33
34
33
41
42
43
57
46
62
70
74
- -
Depreciation Expense
134
166
192
184
212
216
205
221
277
291
162
201
317
327
337
376
381
Net Income, GAAP
24.03
24.05
21.13
21.07
20.9
22.35
25.78
21.17
20.62
21.41
20.78
21.27
26.9
19.71
24
21.96
22.26
Effective Tax Rate (%)
9.8
11.16
12.09
11.83
12.94
13.01
12.2
12.51
13.98
12.9
9.09
11.34
13.14
14.47
14.18
16.62
16.37
Profit Margin (%)
86
116
124
86
122
105
94
84
-75
-126
-126
-90
-225
-192
-221
-172
-188
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
6
4
8
7
9
9
10
16
LT Debt
582
289
307
284
331
343
330
312
181
157
175
216
154
235
283
326
289
Total Equity
22.59
34.22
59.79
56.22
57.99
53.7
55.65
63.33
85.99
105.16
52.04
62.22
100.98
87.34
78.27
87.94
102.56
Return on Invested Capital (%)
23.12
35.55
62.05
58.26
59.42
57.27
55.46
62.08
93.62
117.06
60.36
71.31
115.73
100.42
90.79
101.48
124.92
Return on Capital (%)
24.51
38.42
65.57
64.22
72.23
66.67
62.37
71.26
118.41
183.26
102.53
106.07
176.74
173.72
132.89
125.28
138.1
Return on Common Equity (%)

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
31
4
21
LT Borrowings
- -
- -
- -
LT Finance Leases
10
9
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
306
306
306
Market Capitalization
5,106
5,149
5,026

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
512
621
633
Cash, Cash Equivalents & STI
25
167
190
Accounts Receivable, Net
283
384
367
Inventories
130
71
75
Total Current Liabilities
684
687
820
Payables & Accruals
- -
- -
- -
ST Debt
31
4
21
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3%
16.61%
15.14%
Free Cash Flow
8.24%
13.31%
17.23%
Net Income, GAAP
8.82%
19.87%
11.44%
Sales/Revenue/Turnover
4.08%
5.87%
-4.9%
Total Cash Common Dividend
10.66%
20.04%
38.36%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
726
507
556
587
2,376
2025
663
490
583
524
2,260
2026
706
515
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.29
0.26
0.3
0.26
1.1
2025
0.31
0.27
0.34
0.31
1.23
2026
0.32
0.27
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.22
0.2
0.73
2025
0.23
- -
0.58
0.2
1.01
2026
0.25
- -
- -
- -
- -
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Business
Carlsberg Brewery Malaysia Berhad Carlsberg Brewery Malaysia Berhad (2836.KL), a subsidiary of Carlsberg Breweries A/S, engages in the production, distribution and sale of beer, stout, cider, shandy, liquor and non-alcoholic beverages primarily in Malaysia, Singapore and through a 25% stake in Lion Brewery (Ceylon) PLC in Sri Lanka. The company offers a diverse portfolio of mainstream and premium products including lagers such as Carlsberg Danish Pilsner (5% ABV), Carlsberg Smooth Draught (4.8% ABV), Carlsberg Special Brew (6.5% ABV), SKOL (4% ABV) and Sapporo Premium Beer (5% ABV); wheat beers including 1664 Blanc (5% ABV) and 1664 Rosé (4.5% ABV); ciders such as Somersby Apple (4.5% ABV) and Somersby Blackberry (4.5% ABV); stouts like Connor's Stout Porter (5% ABV), Connor's Stout Porter Xtra Malt (5% ABV) and Danish Royal Stout (5.5% ABV); and non-alcoholic options including Nutrimalt (0% ABV) and Somersby Apple 0.0 (0% ABV). It also distributes imported international brands and maintains a regional presence via exports to markets including Hong Kong, Cambodia, Laos and Taiwan, targeting non-Muslim consumers aged 21 and above with a focus on responsible consumption. Incorporated in December 1969 and headquartered at No. 55, Persiaran Selangor, Seksyen 15, Shah Alam, Selangor, Malaysia, the company operates a primary brewery in Shah Alam—established in 1971 as the first built outside Copenhagen, Denmark—with local brewing of Carlsberg Green Label commencing in 1972. In 2024, Carlsberg Brewery Malaysia Berhad reported a 3.0% year-on-year net profit increase to RM337.1 million on revenue of RM2.4 billion, reflecting resilient performance amid its Accelerate SAIL corporate strategy aimed at sustainable growth and market leadership. A key recent development includes the November 2024 announcement by Managing Director Stefano Clini of RM343 million in new brewery facilities to enhance sustainability, productivity and capacity expansion.