Valuation Carlsberg A/S

Stocks

Real-time Estimate Cboe Europe Other stock markets 03:36:38 2026-06-15 am EDT			5-day change	1st Jan Change
847.20 ^DKK	+0.38%		+2.59%	+1.39%

Jun. 12	Global liquor companies chase Indian state dues of $400 million	RE
Jun. 10	Self-driving truck firm Einride surges over 70% in Nasdaq debut	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	163,149	133,594	122,775	95,313	113,844	119,338	-	-
Change	-	-18.12%	-8.1%	-22.37%	19.44%	4.83%	-	-
Enterprise Value (EV) ¹	182,311	152,920	145,126	122,670	175,461	175,854	171,872	168,251
Change	-	-16.12%	-5.1%	-15.47%	43.03%	0.22%	-2.26%	-2.11%
P/E Ratio	23.8x	-121x	-2.83x	10x	18.5x	13.9x	12.5x	11.4x
PBR	3.65x	3.97x	4.89x	3.28x	3.97x	3.34x	2.99x	2.75x
PEG	-	1x	-0x	-0x	-0.5x	0.4x	1.2x	1.1x
Capitalization / Revenue	2.45x	1.9x	1.67x	1.27x	1.28x	1.29x	1.24x	1.2x
EV / Revenue	2.74x	2.18x	1.97x	1.64x	1.97x	1.89x	1.79x	1.69x
EV / EBITDA	11.8x	9.77x	9.56x	7.77x	9.34x	8.82x	8.16x	7.59x
EV / EBIT	16.8x	13.3x	13.1x	10.8x	13.1x	12.1x	11.1x	10.3x
EV / FCF	20.5x	15.5x	29.8x	12.5x	-8.1x	20.8x	18.3x	16.4x
FCF Yield	4.87%	6.46%	3.36%	7.98%	-12.3%	4.81%	5.46%	6.1%
Dividend per Share ²	24	27	27	27	29	31.3	34.14	37.02
Rate of return	2.12%	2.92%	3.19%	3.91%	3.47%	3.71%	4.04%	4.39%
EPS ²	47.4	-7.6	-299.7	68.7	45.1	60.72	67.3	74.19
Distribution rate	50.6%	-355%	-9.01%	39.3%	64.3%	51.5%	50.7%	49.9%
Net sales ¹	66,634	70,265	73,585	75,011	89,095	92,815	96,193	99,650
EBITDA ¹	15,474	15,657	15,179	15,781	18,784	19,940	21,060	22,166
EBIT ¹	10,862	11,470	11,105	11,411	13,356	14,505	15,434	16,356
Net income ¹	6,846	-1,063	-40,788	9,116	5,955	7,870	8,761	9,561
Net Debt ¹	19,162	19,326	22,351	27,357	61,617	56,516	52,534	48,913
Reference price ²	1,129.50	923.20	846.80	690.00	835.20	844.00	844.00	844.00
Nbr of stocks (in thousands)	141,892	137,341	134,114	132,079	132,079	132,172	-	-
Announcement Date	2/4/22	2/7/23	2/7/24	2/6/25	2/4/26	-	-	-

¹DKK in Million²DKK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
CARLSBERG A/S	13.9x	1.89x	8.82x	3.71%	18.49B
ANHEUSER-BUSCH INBEV SA/NV	18.12x	3.41x	9.45x	1.75%	161B
AMBEV S.A.	15.88x	2.61x	7.73x	5.54%	51B
HEINEKEN N.V.	15.34x	1.79x	7.92x	2.86%	43.95B
CONSTELLATION BRANDS, INC.	12.83x	3.95x	10.48x	2.84%	25.46B
ASAHI GROUP HOLDINGS, LTD.	15.84x	1.2x	8.59x	3.39%	13.66B
KIRIN HOLDINGS COMPANY, LIMITED	12.45x	1.18x	8.23x	2.89%	13.64B
BUDWEISER BREWING COMPANY APAC LIMITED	19.47x	1.61x	6.01x	6.05%	12.2B
Average	15.48x	2.21x	8.40x	3.63%	42.43B
Weighted average by Cap.	16.52x	2.80x	8.83x	2.92%