Overview
Carlsberg A/S, headquartered in Copenhagen, Denmark, is a globally recognized brewery and one of the largest beer producers in the world. Founded in 1847 by J.C. Jacobsen, the company has significantly expanded beyond its Danish origins. Carlsberg primarily operates in the beverage industry, with a robust portfolio that includes renowned beer brands such as Carlsberg, Tuborg, and Baltika. The company's key initiatives focus on innovation in sustainable brewing practices and improving the environmental footprint of their operations. They have notably launched the ECOX project aimed at better waste-water management and the BIREC project to reduce energy consumption. These efforts underscore Carlsberg's commitment to sustainability while maintaining its foothold as a leader in the global beer market.
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Basic Stats
The share price of Carlsberg A/S as of 10 July 2025 is € 121,90 / share. The market cap (or net worth) of Carlsberg A/S as of 10 July 2025 is € 16.109,57 MM.
The Factor Analysis chart (below right) shows a view of Carlsberg A/S from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 16,109.57 MM |
| EV | |
| Shares Out. | 132.15 MM |
| Earnings Date | |
| EPS (TTM) | 69.02 |
| Dividend Yield | |
| Ex-Dividend Date | 2025-03-18 |
| Borrow Rate | |
| Short Shares Avail. | |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.08 % |
| Price Change (1 yr) | |
| Volatility (1 yr) | 0.08 |
| Beta | 0.13 |
| Sharpe Ratio (1 yr) | |
| Sortino Ratio (1 yr) |
| PE Ratio | |
| Price/Book | |
| Price/TBV | |
| Book/Market | |
| EBIT/EV | |
| EBIT(3yr avg)/EV | |
| ROA | 0.08 |
| ROE | 0.38 |
| ROIC | 0.13 |
| CROIC | -0.03 |
| OCROIC | 0.20 |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | |
| Profitability | |
| Quality Score | |
| Value Score | |
| Momentum Score | |
| Stability (Low Vol) Score | 96.96 /100 |
| Analyst Sentiment | |
| Fund Sentiment | |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | |
| QVM Score | |
| Piotroski F-SCORE | 8.00 /9 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Carlsberg A/S. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-11-27 | HSBC | Hold | Hold | Maintains |
| 2023-11-27 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2023-11-27 | JYSKE BANK | Hold | Hold | Maintains |
| 2023-11-13 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-11-09 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-11-03 | NYKREDIT MARKETS | Hold | Buy | Upgrade |
| 2023-11-01 | DNB MARKETS | Buy | Buy | Maintains |
| 2023-08-30 | JYSKE BANK | Hold | Hold | Maintains |
| 2023-08-29 | JYSKE BANK | Hold | Hold | Maintains |
| 2023-08-28 | HSBC | Hold | Hold | Maintains |
| 2023-08-27 | HSBC | Hold | Hold | Maintains |
| 2023-08-23 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2023-08-22 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2023-08-18 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-08-17 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-08-17 | DNB MARKETS | Buy | Buy | Maintains |
| 2023-08-16 | DNB MARKETS | Buy | Buy | Maintains |
| 2023-08-16 | CREDIT SUISSE - EUROPE | Outperform | Outperform | Maintains |
| 2023-08-16 | BRYAN GARNIER | Buy | Buy | Maintains |
| 2023-08-15 | CREDIT SUISSE - EUROPE | Outperform | Outperform | Maintains |
| 2023-08-15 | BRYAN GARNIER | Buy | Buy | Maintains |
| 2023-08-14 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-08-13 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-05-31 | REDBURN LIMITED | Neutral | Buy | Upgrade |
| 2023-05-30 | REDBURN LIMITED | Neutral | Buy | Upgrade |
| 2023-05-29 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2023-05-28 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2023-05-22 | HSBC | Buy | Hold | Downgrade |
| 2023-05-21 | HSBC | Buy | Hold | Downgrade |
| 2023-05-02 | JYSKE BANK | Buy | Hold | Downgrade |
| 2023-05-01 | JYSKE BANK | Buy | Hold | Downgrade |
| 2023-04-28 | DNB MARKETS | Hold | Buy | Upgrade |
| 2023-04-28 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-04-27 | DNB MARKETS | Hold | Buy | Upgrade |
| 2023-04-27 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-04-27 | CREDIT SUISSE - EUROPE | Outperform | Outperform | Maintains |
| 2023-04-26 | CREDIT SUISSE - EUROPE | Outperform | Outperform | Maintains |
| 2023-04-17 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2023-04-17 | DNB MARKETS | Hold | Buy | Upgrade |
| 2023-04-13 | REDBURN LIMITED | Neutral | Buy | Upgrade |
| 2023-04-12 | JYSKE BANK | Buy | Hold | Downgrade |
| 2023-04-03 | CREDIT SUISSE - EUROPE | Outperform | Outperform | Maintains |
| 2023-03-27 | HSBC | Buy | Hold | Downgrade |
| 2023-03-27 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-02-08 | BRYAN GARNIER | Buy | Buy | Maintains |
| 2023-02-07 | BRYAN GARNIER | Buy | Buy | Maintains |
| 2023-01-16 | BERENBERG | Sell | Hold | Upgrade |
| 2023-01-15 | BERENBERG | Sell | Hold | Upgrade |
| 2023-01-02 | JYSKE BANK | Hold | Buy | Upgrade |
| 2023-01-01 | JYSKE BANK | Hold | Buy | Upgrade |
| 2022-10-28 | NYKREDIT MARKETS | Hold | Hold | Maintains |
| 2022-10-27 | NYKREDIT MARKETS | Hold | Hold | Maintains |
| 2022-03-14 | REDBURN LIMITED | Neutral | Neutral | Maintains |
| 2022-03-13 | REDBURN LIMITED | Neutral | Neutral | Maintains |
| 2022-03-10 | BERENBERG | Buy | Sell | Downgrade |
| 2022-03-09 | BERENBERG | Buy | Sell | Downgrade |
| 2022-01-26 | DNB MARKETS | Buy | Hold | Downgrade |
| 2022-01-25 | DNB MARKETS | Buy | Hold | Downgrade |
| 2021-12-06 | JYSKE BANK | Buy | Hold | Downgrade |
| 2021-12-05 | JYSKE BANK | Buy | Hold | Downgrade |
| 2021-08-23 | HSBC | Buy | Buy | Maintains |
| 2021-08-22 | HSBC | Buy | Buy | Maintains |
| 2021-08-19 | BERENBERG | Buy | Buy | Maintains |
| 2021-08-18 | BERENBERG | Buy | Buy | Maintains |
| 2021-06-29 | JYSKE BANK | Buy | Buy | Maintains |
| 2021-06-28 | JYSKE BANK | Buy | Buy | Maintains |
| 2021-04-21 | DNB MARKETS | Buy | Buy | Maintains |
| 2021-04-20 | DNB MARKETS | Buy | Buy | Maintains |
| 2024-08-07 | BNP PARIBAS EXANE | Neutral | Outperform | Upgrade |
| 2024-08-05 | DNB MARKETS | Buy | Buy | Maintains |
| 2024-07-29 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2024-05-28 | JYSKE BANK | Hold | Buy | Upgrade |
| 2024-05-26 | HSBC | Hold | Buy | Upgrade |
| 2024-02-22 | NYKREDIT MARKETS | Buy | Buy | Maintains |
| 2024-01-17 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-12-26 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2023-11-26 | HSBC | Hold | Hold | Maintains |
| 2023-11-26 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2023-11-26 | JYSKE BANK | Hold | Hold | Maintains |
| 2023-11-12 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2023-11-08 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-11-02 | NYKREDIT MARKETS | Hold | Buy | Upgrade |
| 2023-10-31 | DNB MARKETS | Buy | Buy | Maintains |
| 2024-12-08 | BNP PARIBAS EXANE | Outperform | Neutral | Downgrade |
| 2024-11-24 | HSBC | Buy | Buy | Maintains |
| 2024-11-14 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2024-11-13 | BNP PARIBAS EXANE | Outperform | Outperform | Maintains |
| 2024-10-30 | DNB MARKETS | Buy | Buy | Maintains |
| 2024-08-15 | NYKREDIT MARKETS | Buy | Buy | Maintains |
| 2025-04-01 | ESN/CIC MARKET SOLUTIONS | Neutral | Neutral | Maintains |
| 2025-03-27 | JEFFERIES | Buy | Buy | Maintains |
| 2025-03-23 | HSBC | Buy | Buy | Maintains |
| 2025-03-21 | REDBURN ATLANTIC | Buy | Buy | Maintains |
| 2025-02-20 | NYKREDIT MARKETS | Buy | Buy | Maintains |
| 2025-02-06 | DNB MARKETS | Buy | Buy | Maintains |
| 2025-06-30 | BERENBERG | Hold | Hold | Maintains |
| 2025-06-26 | ESN/CIC MARKET SOLUTIONS | Neutral | Neutral | Maintains |
| 2025-06-19 | JEFFERIES | Buy | Buy | Maintains |
| 2025-06-16 | ROTHSCHILD & CO REDBURN | Buy | Buy | Maintains |
| 2025-05-25 | HSBC | Buy | Hold | Downgrade |
| 2025-04-29 | DNB CARNEGIE | Buy | Buy | Maintains |
