Carlsberg A/S Logo

Carlsberg A/S

CABGY

(3.2)
Stock Price

23,57 USD

12.38% ROA

-123.99% ROE

15.55x PER

Market Cap.

129.141.739.851,62 USD

89.79% DER

2.9% Yield

-27.2% NPM

Carlsberg A/S Stock Analysis

Carlsberg A/S Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Carlsberg A/S Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (21.58%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 ROA

The stock's ability to make a lot of money from its assets shows that it is very profitable, making it a good choice for people who want to invest and make a lot of money.

3 Dividend Growth

Investors can be encouraged by the company's strong dividend growth over the past five years, highlighting its ability to generate consistent returns and provide an attractive investment opportunity.

4 Dividend

Investors can take comfort in the company's unwavering commitment to dividends, as it has consistently distributed payouts over the past five years, ensuring a reliable income stream.

5 DER

The stock has a reasonable amount of debt compared to its ownership (90%), suggesting a balanced financial position and a moderate level of risk.

6 Revenue Growth

Over the past three years, this company's revenue has consistently grown, demonstrating a positive financial trend that makes it an appealing choice.

7 Net Profit Growth

With continuous net profit growth in the past three years, this company demonstrates a strong financial performance, making it an enticing investment opportunity.

8 Graham Number

The Graham number of this company suggests that its stock price may be undervalued, indicating a potentially attractive investment opportunity.

9 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (1.663) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

10 PBV

The stock's elevated P/BV ratio (3.71x) raises concerns about its overvaluation, making it an imprudent choice for investors seeking value.

11 Assets Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

Carlsberg A/S Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Carlsberg A/S Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Sell
4 Stoch RSI Sell

Carlsberg A/S Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Carlsberg A/S Revenue
Year Revenue Growth
2002 35.544.000.000
2003 34.626.000.000 -2.65%
2004 35.987.000.000 3.78%
2005 38.047.000.000 5.41%
2006 41.083.000.000 7.39%
2007 44.750.000.000 8.19%
2008 59.944.000.000 25.35%
2009 59.382.000.000 -0.95%
2010 60.054.000.000 1.12%
2011 63.561.000.000 5.52%
2012 67.201.000.000 5.42%
2013 66.552.000.000 -0.98%
2014 64.506.000.000 -3.17%
2015 65.354.000.000 1.3%
2016 62.614.000.000 -4.38%
2017 61.808.000.000 -1.3%
2018 0 0%
2019 65.902.000.000 100%
2020 58.541.000.000 -12.57%
2021 66.634.000.000 12.15%
2022 70.265.000.000 5.17%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Carlsberg A/S Research and Development Expenses
Year Research and Development Expenses Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 147.000.000 100%
2013 99.000.000 -48.48%
2014 85.000.000 -16.47%
2015 15.000.000 -466.67%
2016 104.000.000 85.58%
2017 120.000.000 13.33%
2018 0 0%
2019 133.000.000 100%
2020 123.000.000 -8.13%
2021 95.000.000 -29.47%
2022 107.000.000 11.21%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Carlsberg A/S General and Administrative Expenses
Year General and Administrative Expenses Growth
2002 2.674.000.000
2003 2.712.000.000 1.4%
2004 2.859.000.000 5.14%
2005 2.961.000.000 3.44%
2006 3.065.000.000 3.39%
2007 3.123.000.000 1.86%
2008 3.934.000.000 20.62%
2009 3.873.000.000 -1.58%
2010 4.040.000.000 4.13%
2011 3.903.000.000 -3.51%
2012 4.185.000.000 6.74%
2013 4.502.000.000 7.04%
2014 4.633.000.000 2.83%
2015 4.909.000.000 5.62%
2016 5.220.000.000 5.96%
2017 4.877.000.000 -7.03%
2018 0 0%
2019 4.733.000.000 100%
2020 3.453.000.000 -37.07%
2021 4.165.000.000 17.09%
2022 4.229.000.000 1.51%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Carlsberg A/S EBITDA
Year EBITDA Growth
2002 6.900.000.000
2003 6.252.000.000 -10.36%
2004 6.323.000.000 1.12%
2005 6.690.000.000 5.49%
2006 7.736.000.000 13.52%
2007 8.416.000.000 8.08%
2008 11.416.000.000 26.28%
2009 14.235.000.000 19.8%
2010 15.072.000.000 5.55%
2011 14.226.000.000 -5.95%
2012 14.615.000.000 2.66%
2013 15.171.000.000 3.66%
2014 13.632.000.000 -11.29%
2015 13.133.000.000 -3.8%
2016 12.522.000.000 -4.88%
2017 13.989.000.000 10.49%
2018 0 0%
2019 14.982.000.000 100%
2020 14.480.000.000 -3.47%
2021 15.284.000.000 5.26%
2022 14.824.000.000 -3.1%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Carlsberg A/S Gross Profit
Year Gross Profit Growth
2002 17.870.000.000
2003 17.637.000.000 -1.32%
2004 18.272.000.000 3.48%
2005 19.168.000.000 4.67%
2006 20.932.000.000 8.43%
2007 22.327.000.000 6.25%
2008 28.696.000.000 22.19%
2009 29.185.000.000 1.68%
2010 31.072.000.000 6.07%
2011 31.773.000.000 2.21%
2012 33.370.000.000 4.79%
2013 32.930.000.000 -1.34%
2014 31.781.000.000 -3.62%
2015 31.925.000.000 0.45%
2016 31.419.000.000 -1.61%
2017 31.483.000.000 0.2%
2018 0 0%
2019 32.638.000.000 100%
2020 28.361.000.000 -15.08%
2021 31.327.000.000 9.47%
2022 32.067.000.000 2.31%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Carlsberg A/S Net Profit
Year Net Profit Growth
2002 1.774.000.000
2003 1.719.000.000 -3.2%
2004 627.000.000 -174.16%
2005 1.371.000.000 54.27%
2006 2.171.000.000 36.85%
2007 2.596.000.000 16.37%
2008 3.206.000.000 19.03%
2009 4.167.000.000 23.06%
2010 5.960.000.000 30.08%
2011 5.692.000.000 -4.71%
2012 5.607.000.000 -1.52%
2013 5.471.000.000 -2.49%
2014 4.414.000.000 -23.95%
2015 -2.926.000.000 250.85%
2016 4.486.000.000 165.23%
2017 1.259.000.000 -256.31%
2018 0 0%
2019 6.569.000.000 100%
2020 6.030.000.000 -8.94%
2021 6.846.000.000 11.92%
2022 8.183.000.000 16.34%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Carlsberg A/S Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2002 3
2003 3 0%
2004 3 0%
2005 2 0%
2006 4 33.33%
2007 5 25%
2008 4 0%
2009 5 0%
2010 7 42.86%
2011 7 -16.67%
2012 7 14.29%
2013 7 0%
2014 6 -40%
2015 -4 266.67%
2016 6 160%
2017 2 -400%
2018 0 0%
2019 9 100%
2020 8 0%
2021 10 11.11%
2022 12 18.18%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Carlsberg A/S Free Cashflow
Year Free Cashflow Growth
2002 2.559.000.000
2003 3.299.000.000 22.43%
2004 3.604.000.000 8.46%
2005 1.548.000.000 -132.82%
2006 911.000.000 -69.92%
2007 -759.000.000 220.03%
2008 1.403.000.000 154.1%
2009 10.476.000.000 86.61%
2010 7.643.000.000 -37.07%
2011 4.448.000.000 -71.83%
2012 4.798.000.000 7.29%
2013 3.277.000.000 -46.41%
2014 1.497.000.000 -118.9%
2015 900.000.000 -66.33%
2016 5.489.000.000 83.6%
2017 7.781.000.000 29.46%
2018 8.020.000.000 2.98%
2019 7.647.000.000 -4.88%
2020 6.532.000.000 -17.07%
2021 9.038.000.000 27.73%
2022 8.931.000.000 -1.2%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Carlsberg A/S Operating Cashflow
Year Operating Cashflow Growth
2002 5.550.000.000
2003 4.517.000.000 -22.87%
2004 3.806.000.000 -18.68%
2005 4.734.000.000 19.6%
2006 4.470.000.000 -5.91%
2007 4.837.000.000 7.59%
2008 7.812.000.000 38.08%
2009 13.631.000.000 42.69%
2010 11.020.000.000 -23.69%
2011 8.813.000.000 -25.04%
2012 9.871.000.000 10.72%
2013 9.083.000.000 -8.68%
2014 7.405.000.000 -22.66%
2015 2.083.000.000 -255.5%
2016 9.329.000.000 77.67%
2017 11.834.000.000 21.17%
2018 12.047.000.000 1.77%
2019 12.239.000.000 1.57%
2020 10.928.000.000 -12%
2021 13.259.000.000 17.58%
2022 12.949.000.000 -2.39%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Carlsberg A/S Capital Expenditure
Year Capital Expenditure Growth
2002 2.991.000.000
2003 1.218.000.000 -145.57%
2004 202.000.000 -502.97%
2005 3.186.000.000 93.66%
2006 3.559.000.000 10.48%
2007 5.596.000.000 36.4%
2008 6.409.000.000 12.69%
2009 3.155.000.000 -103.14%
2010 3.377.000.000 6.57%
2011 4.365.000.000 22.63%
2012 5.073.000.000 13.96%
2013 5.806.000.000 12.62%
2014 5.908.000.000 1.73%
2015 1.183.000.000 -399.41%
2016 3.840.000.000 69.19%
2017 4.053.000.000 5.26%
2018 4.027.000.000 -0.65%
2019 4.592.000.000 12.3%
2020 4.396.000.000 -4.46%
2021 4.221.000.000 -4.15%
2022 4.018.000.000 -5.05%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Carlsberg A/S Equity
Year Equity Growth
2002 4.386.000.000
2003 4.646.000.000 5.6%
2004 12.714.000.000 63.46%
2005 16.440.000.000 22.66%
2006 16.207.000.000 -1.44%
2007 17.298.000.000 6.31%
2008 50.291.000.000 65.6%
2009 54.829.000.000 8.28%
2010 64.248.000.000 14.66%
2011 65.866.000.000 2.46%
2012 70.261.000.000 6.26%
2013 67.811.000.000 -3.61%
2014 52.437.000.000 -29.32%
2015 43.489.000.000 -20.58%
2016 50.811.000.000 14.41%
2017 46.930.000.000 -8.27%
2018 47.889.000.000 2%
2019 46.035.000.000 -4.03%
2020 43.362.000.000 -6.16%
2021 48.756.000.000 11.06%
2022 34.722.000.000 -40.42%
2023 30.715.000.000 -13.05%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Carlsberg A/S Assets
Year Assets Growth
2002 46.523.000.000
2003 46.712.000.000 0.4%
2004 56.731.000.000 17.66%
2005 62.359.000.000 9.03%
2006 58.451.000.000 -6.69%
2007 61.220.000.000 4.52%
2008 143.306.000.000 57.28%
2009 134.515.000.000 -6.54%
2010 144.232.000.000 6.74%
2011 147.714.000.000 2.36%
2012 153.965.000.000 4.06%
2013 151.138.000.000 -1.87%
2014 136.983.000.000 -10.33%
2015 124.901.000.000 -9.67%
2016 126.906.000.000 1.58%
2017 114.251.000.000 -11.08%
2018 117.700.000.000 2.93%
2019 123.120.000.000 4.4%
2020 118.816.000.000 -3.62%
2021 126.383.000.000 5.99%
2022 115.341.000.000 -9.57%
2023 121.006.000.000 4.68%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Carlsberg A/S Liabilities
Year Liabilities Growth
2002 29.237.000.000
2003 28.806.000.000 -1.5%
2004 40.625.000.000 29.09%
2005 42.863.000.000 5.22%
2006 39.464.000.000 -8.61%
2007 41.276.000.000 4.39%
2008 82.555.000.000 50%
2009 70.366.000.000 -17.32%
2010 74.603.000.000 5.68%
2011 76.085.000.000 1.95%
2012 80.315.000.000 5.27%
2013 79.639.000.000 -0.85%
2014 80.986.000.000 1.66%
2015 77.670.000.000 -4.27%
2016 73.256.000.000 -6.03%
2017 64.726.000.000 -13.18%
2018 69.811.000.000 7.28%
2019 77.085.000.000 9.44%
2020 75.454.000.000 -2.16%
2021 77.627.000.000 2.8%
2022 80.619.000.000 3.71%
2023 90.291.000.000 10.71%

Carlsberg A/S Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
100.5
Net Income per Share
11.7
Price to Earning Ratio
15.55x
Price To Sales Ratio
1.84x
POCF Ratio
9.83
PFCF Ratio
14.46
Price to Book Ratio
3.99
EV to Sales
2.13
EV Over EBITDA
10.09
EV to Operating CashFlow
11.55
EV to FreeCashFlow
16.75
Earnings Yield
0.06
FreeCashFlow Yield
0.07
Market Cap
129,14 Bil.
Enterprise Value
149,62 Bil.
Graham Number
109.62
Graham NetNet
-99.54

Income Statement Metrics

Net Income per Share
11.7
Income Quality
1.13
ROE
0.22
Return On Assets
-0.31
Return On Capital Employed
0.28
Net Income per EBT
-2.09
EBT Per Ebit
0.93
Ebit per Revenue
0.14
Effective Tax Rate
0.19

Margins

Sales, General, & Administrative to Revenue
0.06
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.45
Operating Profit Margin
0.14
Pretax Profit Margin
0.13
Net Profit Margin
-0.27

Dividends

Dividend Yield
0.03
Dividend Yield %
2.9
Payout Ratio
0.41
Dividend Per Share
0.78

Operating Metrics

Operating Cashflow per Share
18.52
Free CashFlow per Share
12.77
Capex to Operating CashFlow
-0.31
Capex to Revenue
-0.06
Capex to Depreciation
-0.96
Return on Invested Capital
0.15
Return on Tangible Assets
0.12
Days Sales Outstanding
0
Days Payables Outstanding
209.43
Days of Inventory on Hand
54.64
Receivables Turnover
0
Payables Turnover
1.74
Inventory Turnover
6.68
Capex per Share
-5.75

Balance Sheet

Cash per Share
11,68
Book Value per Share
45,63
Tangible Book Value per Share
-20.74
Shareholders Equity per Share
45.63
Interest Debt per Share
41.97
Debt to Equity
0.9
Debt to Assets
0.25
Net Debt to EBITDA
1.38
Current Ratio
0.7
Tangible Asset Value
-14,50 Bil.
Net Current Asset Value
-46,37 Bil.
Invested Capital
0.9
Working Capital
-14,50 Bil.
Intangibles to Total Assets
0.43
Average Receivables
0,00 Bil.
Average Payables
21,28 Bil.
Average Inventory
5554500000
Debt to Market Cap
0.22

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Carlsberg A/S Dividends
Year Dividends Growth
2010 0
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 1 0%
2019 1 0%
2020 1 0%
2021 1 0%
2022 1 0%
2023 1 0%

Carlsberg A/S Profile

About Carlsberg A/S

Carlsberg A/S produces and sells beer and other beverage products in Denmark. It offers core, and craft and specialty beers; and alcohol-free brews. The company provides its products primarily under the Carlsberg, Tuborg, Feldschlösschen, Baltika, Chongqing, 1664 Blanc, Grimbergen, Ringnes, and Somersby brand names. Carlsberg A/S also exports its products to approximately 100 countries worldwide. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.

CEO
Mr. Jacob Aarup-Andersen
Employee
31.000
Address
1 J. C. Jacobsens Gade
Copenhagen, 1799

Carlsberg A/S Executives & BODs

Carlsberg A/S Executives & BODs
# Name Age
1 Mr. Jacob Aarup-Andersen
Chief Executive Officer
70
2 Mr. Søren Brinck
Executive Vice President of Group Strategy & Digital and Acting Executive VP of Group Commercial
70
3 Mr. Joao Abecasis
Executive Vice President - Asia
70
4 Mr. Peter Kondrup
Vice President of Investor Relations
70
5 Mr. Victor Shevtsov
Executive Vice President of Supply Chain
70
6 Mr. Graham James Fewkes
Executive Vice President of Western Europe
70
7 Mr. Lars Lehmann
Executive Vice President of Central & Eastern Europe
70
8 Mr. Joris Huijsmans
Executive Vice President & Chief Human Resources Officer
70
9 Ms. Ulrica Fearn
Chief Financial Officer & Member of Executive Board
70
10 Sarah Haywood
Chief Information Officer
70

Carlsberg A/S Competitors