Carlsberg A/S/DKr CARL B
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Carlsberg A/S
Carlsberg A/S is a global brewing company based in Copenhagen, Denmark. It is known for producing a wide range of beer brands, including its flagship Carlsberg beer, as well as Tuborg and Kronenbourg. Founded in 1847, the company has expanded its operations worldwide, with a significant presence in Western Europe, Eastern Europe, and Asia. Carlsberg operates through various segments, including beer, soft drinks, and bottled water. The company emphasizes sustainability and innovation in its brewing processes, which contributes to its competitive strength in the beverage industry. Its strategic position is bolstered by a diverse portfolio and strong brand recognition across different international markets.
- Ticker
- DKr CARL B
- Sector
- Consumer Essentials
- Primary listing
- CSE
- Employees
- 36,527
- Headquarters
- Copenhagen, Denmark
- Website
- www.carlsberggroup.com
Carlsberg A/S Metrics
BasicAdvanced
kr 121B
18.11
kr 48.19
0.66
kr 29.00
3.32%
Price and volume
Market cap
kr 121B
Beta
0.66
52-week high
kr 1,015.00
52-week low
kr 743.00
Average daily volume
225K
Dividend rate
kr 29.00
Financial strength
Current ratio
0.658
Quick ratio
0.513
Long term debt to equity
1.142
Total debt to equity
1.342
Dividend payout ratio (TTM)
60.11%
Interest coverage (TTM)
5.62%
Profitability
EBITDA (TTM)
18,406
Gross margin (TTM)
44.99%
Net profit margin (TTM)
7.08%
Operating margin (TTM)
14.85%
Effective tax rate (TTM)
22.95%
Revenue per employee (TTM)
kr 2,470,000
Management effectiveness
Return on assets (TTM)
5.26%
Return on equity (TTM)
20.44%
Valuation
Price to earnings (TTM)
18.114
Price to revenue (TTM)
1.278
Price to book
4.25
Price to tangible book (TTM)
-2.18
Price to free cash flow (TTM)
15.395
Free cash flow yield (TTM)
6.50%
Free cash flow per share (TTM)
56.705
Dividend yield (TTM)
3.32%
Forward dividend yield
3.32%
Growth
Revenue change (TTM)
10.03%
Earnings per share change (TTM)
-26.91%
3-year revenue growth (CAGR)
7.54%
10-year revenue growth (CAGR)
3.47%
3-year earnings per share growth (CAGR)
-4.75%
10-year earnings per share growth (CAGR)
11.14%
3-year dividend per share growth (CAGR)
2.41%
10-year dividend per share growth (CAGR)
12.41%
Bulls say / Bears say
Carlsberg raised its 2026 organic operating-profit growth outlook to 4–6% after H1 operating profit rose 5.9%, helped by Britvic synergies arriving faster than planned. Continued synergy delivery could support earnings growth. (Carlsberg A/S)
Its non-beer categories are adding momentum: H1 soft-drink volumes rose 9% and alcohol-free brews rose 11%, helping diversify growth beyond traditional beer. This is useful support while beer demand is weak in some markets. (Carlsberg A/S)
Carlsberg India delivered mid-teens volume growth in H1, and its IPO process advanced after draft papers were filed. Strong growth in this market could provide a separate engine for the group. (The Hindu BusinessLine)
China remains a weak spot: poor weather compounded soft beer demand, and high distributor inventories were expected to weigh on third-quarter sales. Continued weakness there could undermine group growth. (Reuters)
Underlying beer volumes fell in H1 even as reported total volumes grew, reflecting the addition of Britvic. That leaves Carlsberg reliant on soft drinks and acquisition effects to offset pressure in its core beer business. (The Wall Street Journal)
Higher costs linked to the Iran crisis could pressure margins and consumers: Carlsberg warned that supply-chain and commodity pressures, including costs for cans and bottles, may persist through 2026. If drinkers cut spending or costs rise faster than expected, earnings could suffer. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 8 Oct 2026.
Upcoming events
No upcoming events
Funds containing Carlsberg A/S
AllEURGBPUSD
Fund name | Fund size | DKr CARL B weighting |
|---|---|---|
iShares STOXX Europe 600 Food & Beverage€EXH3 | €318M | 2.48% |
iShares STOXX Europe Mid 200€EXSD | €610M | 0.67% |
iShares MSCI Europe ex-UK€IEUX | €1.5B | 0.12% |
iShares MSCI Europe ex-UK£IEUX | £1.3B | 0.12% |
Amundi STOXX Europe 600 ESG€C6E | €735M | 0.11% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.