Carlsberg A/S Class B
CABJF
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+ FollowMarket Cap$16.82B
Close$
Earnings Call Q4 2025
February 4, 2026 - AI Summary
Strong Financial Performance: Carlsberg reported an 18.8% growth in revenue for FY 2025, largely driven by the acquisition of Britvic. Organic revenue growth was subdued at -0.6%, impacted primarily by the loss of San Miguel in the U.K. However, when excluding that factor, organic revenue growth stands at 1.1%. Operating profit grew by 22.7%, reflecting continued solid profit development.
Future Growth Outlook: For FY 2026, Carlsberg expects organic operating profit growth between 2% to 6%. This cautious outlook is shaped by an anticipated stable yet subdued consumer environment and the ongoing geopolitical uncertainties affecting consumer sentiment. However, growth will benefit from early Pepsi license contributions in Kazakhstan, expected to add approximately 1.5% to organic volume development.
Cost Synergies from Britvic Acquisition: Carlsberg has upgraded its cost synergy expectations from the Britvic acquisition to GBP 110 million, with approximately 30% of this expected to be realized in FY 2026. The fast integration has provided a competitive edge in the U.K. market and is seen as a key driver for future profitability.
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$349.52
174.9% upside
Current Fair Value
174.9% upsideUndervalued by 174.9% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $16.82 Billion |
|---|---|
| Enterprise Value | $79.58 Billion |
| Dividend Yield | $4.47 (3.47%) |
| Earnings per Share | $44.96 |
| Beta | 0.64 |
| Outstanding Shares | 132,172,000 |
Return
| Return on Equity | 35.64% |
|---|---|
| Return on Assets | 6.44% |
| Return on Invested Capital | 16.69% |
Valuation & Multiples
| P/E Ratio | 17.94 |
|---|---|
| PEG | -58.34 |
| Price to Sales | 0.13 |
| Price to Book Ratio | 0.55 |
| Enterprise Value to Revenue | 0.62 |
| Enterprise Value to EBIT | 4.53 |
| Enterprise Value to Net Income | 8 |
| Total Debt to Enterprise | 0.91 |
| Debt to Equity | 2.61 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
February 4, 2026
EPS Estimate
$4.28
Average shareholder expectationRevenue Estimate
$6.78 B
Average shareholder expectationNext Earnings Call
Expected Date
August 19, 2026
EPS Estimate
$4.63
Average shareholder expectationRevenue Estimate
$7.24 B
Average shareholder expectationInstitutional Sentiment (Put/Call)
No data available for the latest quarter.
Institutional Ownership
No data available for the latest quarter.
ESG Score
No data
About Carlsberg A/S
CEO: Cees't C. Hart Carlsberg A/S engages in the production and marketing of beer, craft and specialty, and non-alcoholic beer. Its products include Carlsberg, Ringnes, Falcon, Baltika, Beerlao, and Chonqing. It operates through the following geographical s...