Royal Unibrew A/S

Royal Unibrew A/S

RBREW.CO
Royal Unibrew A/SDK flagNASDAQ Copenhagen
462.20
DKK
-4.20
- -
22.23BMarket Cap
Royal Unibrew A/S
RBREW.CO
(NASDAQ Copenhagen)

Recent

price

462.20

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
68.15
62.7
65.84
85.69
109.72
110.25
118.32
122.75
144.6
155.08
148.96
180.91
234.97
260.17
300.39
316.68
320.32
Revenue per Share
5.02
6.36
7.12
9.17
11.31
13
14.63
15.97
20.62
23.02
24.09
26.87
30.52
22.04
29.25
31.42
32.46
Basic EPS, GAAP
7.83
5.92
6.5
9.61
12.49
17.55
14.46
17.58
17.27
23
29.67
27.45
12.95
23.45
27.37
31.1
33.35
Free Cash Flow per Basic Share
0.04
2.54
3.44
4.63
- -
6.83
7.2
8.2
8.93
10.85
12.22
13.51
14.16
14.49
14.5
15.09
15.16
Dividend per Share
12.07
12.96
13.96
23.06
27.61
29.83
31.34
30.28
31.9
35.08
39.22
39.36
58.56
85.11
84.87
90.51
92
Book Value per Share
15.86
17
18.75
-15.51
-2.23
0.27
0.51
-0.92
-23.77
-28.41
-21.91
-52.11
-49.09
-74.89
-62.03
-59.07
-57.25
Tangible Book Value per Share
55
55
52
52
55
55
54
52
50
50
49
48
49
50
50
50
49
Basic Weighted Avg Shares
3,775
3,431
3,430
4,481
6,056
6,032
6,340
6,384
7,298
7,692
7,315
8,746
11,487
12,927
15,036
15,723
15,828
Sales/Revenue/Turnover
11.04
13.82
14.14
12.5
13.64
15.2
15.78
16.74
18.35
19.1
20.71
18.89
13.2
12.44
13.09
14
14.25
Operating Margin (%)
- -
134
123
170
305
310
295
297
346
342
348
381
487
579
666
734
- -
Depreciation Expense
278
348
371
480
624
711
784
831
1,041
1,142
1,183
1,299
1,492
1,095
1,464
1,560
1,604
Net Income, GAAP
25.93
23.91
22.5
12.53
22.04
21.15
21.44
21.31
21.67
21.81
20.4
21.19
16.47
22.12
21.5
20.65
20.63
Effective Tax Rate (%)
7.37
10.14
10.82
10.7
10.31
11.79
12.36
13.01
14.26
14.85
16.17
14.85
12.99
8.47
9.74
9.92
10.13
Profit Margin (%)
-316
-186
101
-1,357
-517
-719
-1,034
-676
-715
-1,251
-953
-1,658
-1,552
-1,720
-1,976
-1,408
-1,787
Working Capital
596
594
592
1,845
1,872
1,462
859
1,240
2,565
2,154
2,124
2,998
3,686
5,504
4,697
5,433
5,077
LT Debt
1,281
1,321
1,348
2,133
2,818
2,935
2,911
2,814
2,908
3,107
3,332
3,342
5,158
5,748
6,408
6,713
6,907
Total Equity
12.95
17.35
18.92
13.85
12.52
14.35
17.13
18.43
19.62
19
19.64
18.95
13.83
10.54
11.75
13.08
13.54
Return on Invested Capital (%)
15.3
25.87
29.09
19.91
18.29
22.38
27.65
28.79
28.34
26.6
27.37
27.2
23.61
13.95
16.43
17.28
16.46
Return on Capital (%)
43.71
50.51
51.68
49.62
45.73
45.08
47.33
51.04
65.36
68.18
64.54
67.85
62.61
30.88
34.54
35.69
36.09
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,728
379
1,298
LT Borrowings
4,352
5,433
5,077
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
49
49
49
Market Capitalization
24,279
28,760
25,917

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,844
3,438
3,740
Cash, Cash Equivalents & STI
60
82
41
Accounts Receivable, Net
2,039
1,809
2,086
Inventories
1,558
1,286
1,379
Total Current Liabilities
6,524
4,846
5,527
Payables & Accruals
- -
- -
- -
ST Debt
1,728
379
1,298
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.56%
16.46%
4.76%
Free Cash Flow
10.57%
10.62%
12.7%
Net Income, GAAP
9.31%
7.66%
6.56%
Sales/Revenue/Turnover
10.49%
16.86%
4.57%
Total Cash Common Dividend
7.31%
4.57%
3.17%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,199
4,180
4,083
3,574
15,036
2025
3,206
4,438
4,301
3,778
15,723
2026
3,311
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
9.2
13.4
- -
29.25
2025
2.5
10.6
11.3
- -
31.42
2026
3.5
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
14.5
2025
- -
14.98
- -
- -
15.09
2026
- -
- -
- -
- -
- -
Business
Royal Unibrew A/S Royal Unibrew A/S is a leading regional multi-beverage company that produces, markets and distributes a broad portfolio of high-quality alcoholic and non-alcoholic beverages across multiple categories including beer, malt beverages such as Vitamalt, carbonated soft drinks, energy drinks, cider and ready-to-drink products, water, juice, wine and spirits; the company offers strong local heritage brands like Faxe, Ceres, Albani, Thor, Kalnapilis, Tauras, Lāčplēša Alus, Lorina, LemonSoda and Novelle alongside licensed international partner brands from PepsiCo, Heineken and Diageo; it operates production facilities in 20 sites with a focus on efficient route-to-market in on-trade and off-trade channels, providing business-to-business services including private label and co-packing production. Royal Unibrew A/S maintains market-leading positions as a multi-beverage provider in the Nordic and Baltic countries including Denmark, Finland, Norway, Sweden, Germany, Latvia, Lithuania and Estonia, functions as a multi-niche player in Western Europe encompassing Italy, France, the Netherlands, Belgium and Luxembourg, and exports to more than 70 countries worldwide with niche operations in markets such as Canada via Amsterdam Brewing Company. Founded in 1901 as Faxe Brewery by Nikoline and Conrad Nielsen in Faxe on Zealand, Denmark, where it maintains headquarters at Faxe Allé 1, the company resulted from the 1989 merger of Faxe, Ceres and Thor breweries, adopted the Royal Unibrew name in 2005, and has transformed through key acquisitions including Hartwall in Finland in 2013, Vrumona in the Netherlands and San Giorgio in Italy both finalized in 2023, PepsiCo's beverage and field sales business in Belgium and Luxembourg in October 2024, and an agreement signed in October 2024 to acquire Pernod Ricard's local Nordic spirits, liqueurs and wine portfolio led by Minttu in Finland expected to close by February 2025. In 2024, Royal Unibrew A/S reported net revenue of DKK 15 billion with 16% growth, organic volume growth of 5% and organic EBIT growth of 15% to DKK 1,968 million at a 13.1% margin, driven by commercial momentum in growth categories like no/low sugar soft drinks and premium brands alongside operational efficiencies and integrations from recent acquisitions; the company initiated a share buy-back program in August 2025 and proposes an ordinary dividend of DKK 15.0 per share for 2024 following an extraordinary DKK 14.5 payout in October 2024, while guiding for 7-13% EBIT growth in 2025 amid a challenging consumer environment.