Carlsberg (CABGY) AI Stock Analysis

• Market Cap: $18.61B
• Dividend Yield: 0.38%
• Average Volume (3M): 995.00
• Price to Earnings (P/E): 18.7
• Beta (1Y): 0.30
• Revenue Growth: 1.83%
• EPS Growth: N/A
• Country: US
• Employees: 32,098
• Sector: Consumer Defensive
• Sector Strength: 64
• Industry: Beverages - Alcoholic
• EPS (TTM): 0.31
• Shares Outstanding: 494,787,780
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 995
• PEG Ratio: -0.08
• Price to Book (P/B): 3.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.50
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $111.07
• Price Target Upside: 284.86% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 80 Outperform
• Price Target: $34.00 ▲(17.81%Upside)

Carlsberg's overall score reflects strong financial performance and strategic positioning for future growth. Positive technical indicators and a favorable earnings call suggest a robust outlook, though the valuation is fair with modest dividend yield. Market challenges and increased costs are potential risks, but strategic initiatives and acquisitions provide a pathway for continued growth.

Carlsberg Business Overview & Revenue Model

Company Description

Carlsberg Group (CABGY) is a global brewing company headquartered in Copenhagen, Denmark. Established in 1847, it is one of the world's leading brewery groups with a large portfolio of beer and beverage brands. Carlsberg operates primarily in three regions: Western Europe, Eastern Europe, and Asia. The company's core products include a wide range of alcoholic beverages, with a focus on beer brands such as Carlsberg, Tuborg, Kronenbourg, and Somersby cider. Carlsberg is committed to sustainability and innovation, aiming to deliver high-quality beverages to consumers worldwide.

How the Company Makes Money

Carlsberg Group generates revenue primarily through the production and sale of beer and other beverage products. The company's revenue model is centered around its extensive portfolio of beer brands, which it distributes across various markets globally. Key revenue streams include direct sales to consumers through retail outlets, bars, and restaurants, as well as through partnerships with distributors and wholesalers. Carlsberg also leverages its strong brand presence to earn from premium and specialty beer offerings, which often command higher prices. Additionally, the company continuously explores growth opportunities through strategic acquisitions and joint ventures in emerging markets, further enhancing its revenue potential. Significant factors contributing to Carlsberg's earnings include its focus on enhancing operational efficiency, expanding its product portfolio, and investing in marketing and brand-building activities to increase market share and consumer loyalty.

Carlsberg Financial Statement Overview

Summary

Carlsberg's financial health is robust, characterized by consistent revenue growth, strong operational margins, and an improved balance sheet. Despite a temporary setback in 2023, the company has shown resilience with a recovery in profitability and sound cash flow management. The balance between leverage and equity supports future growth prospects.

Income Statement

Carlsberg has demonstrated solid revenue growth, increasing from 70.27 billion in 2022 to 75.01 billion in 2024, reflecting consistent demand. The gross profit margin remained stable around 45-46%, indicating effective cost management. The net profit margin turned positive in 2024 after a negative spike in 2023 due to exceptional items affecting net income that year. EBIT and EBITDA margins have stayed strong, indicating robust operational performance.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, improving from 1.26 in 2023 to 1.37 in 2024, suggesting managed leverage. Stockholders' equity has grown, enhancing the equity ratio. The return on equity is healthy, although it was negatively impacted in 2023 by the significant net income loss but recovered in 2024, showcasing resilience. Overall, the company maintains a stable asset base.

Cash Flow

Carlsberg's operating cash flow remains strong, with a slight decline from 2022 to 2024. Free cash flow, although decreasing from 2022 to 2024, remains positive, providing ample liquidity for strategic investments. The operating cash flow to net income ratio improved significantly in 2024, demonstrating efficient cash conversion despite past challenges.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
74.56B	75.01B	73.58B	70.27B	66.63B	58.54B
	Gross Profit
33.90B	34.38B	32.83B	32.07B	31.33B	28.36B
	EBIT
10.38B	11.41B	11.11B	11.27B	10.86B	9.70B
	EBITDA
14.52B	15.80B	15.02B	14.85B	15.33B	14.29B
	Net Income Common Stockholders
-40.55B	9.12B	-40.79B	8.18B	6.85B	6.03B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.13B	11.60B	15.62B	8.16B	8.34B	8.09B
	Total Assets
125.42B	113.33B	111.83B	115.34B	126.38B	118.82B
	Total Debt
25.89B	38.14B	39.10B	28.65B	28.92B	30.25B
	Net Debt
19.76B	26.60B	25.72B	20.48B	20.58B	22.16B
	Total Liabilities
78.73B	82.72B	86.08B	80.62B	77.63B	75.45B
	Stockholders Equity
44.21B	27.77B	23.23B	31.90B	43.94B	39.31B
Cash Flow		Free Cash Flow
6.66B	6.28B	7.36B	8.93B	9.04B	6.53B
	Operating Cash Flow
11.39B	11.31B	11.61B	12.95B	13.26B	10.93B
	Investing Cash Flow
-8.45B	-1.52B	-6.73B	-3.06B	-4.38B	-5.87B
	Financing Cash Flow
-5.89B	-13.94B	1.37B	-9.96B	-8.95B	-1.81B

Carlsberg Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 28.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CABGY, the sentiment is Neutral. The current price of 28.86 is above the 20-day moving average (MA) of 28.71, above the 50-day MA of 27.57, and above the 200-day MA of 23.41, indicating a neutral trend. The MACD of 0.30 indicates Positive momentum. The RSI at 46.70 is Neutral, neither overbought nor oversold. The STOCH value of 30.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CABGY.

Carlsberg Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CABGY	80 Outperform	$18.61B	18.75	27.24%	0.38%	1.83%	―
BUD	79 Outperform	$141.76B	24.36	7.31%	1.47%	0.64%	10.02%
ABEV	78 Outperform	$38.77B	15.02	15.09%	3.59%	1.25%	-13.02%
CCU	72 Outperform	$2.42B	13.79	11.33%	3.32%	6.18%	61.39%
TAP	67 Neutral	$10.25B	10.17	7.90%	3.72%	-5.17%	-0.74%
Sector *	65 Neutral	$8.81B	15.01	4.71%	3.72%	3.60%	-2.89%
STZ	61 Neutral	$29.17B	49.10	-0.98%	2.47%	2.47%	-105.09%