Carlsberg A/S Class B (CARLb)

Currency in DKK
1,017.5
-8.5(-0.83%)
Closed·
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Fair Value
Day's Range
1,011.01,024.0
52 wk Range
753.21,040.0
Key Statistics
Prev. Close
1,017.5
Open
1,016.5
Day's Range
1,011-1,024
52 wk Range
753.2-1,040
Volume
196.05K
Average Volume (3m)
230.91K
1-Year Change
30.5826%
Book Value / Share
317.24
Fair Value
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Fair Value Upside
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CARLb Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
1,066.1
Upside
+4.78%
Members' Sentiments
Bearish
Bullish
ProTips
Prominent player in the Beverages industry

Carlsberg A/S Class B News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Neutral
Technical Indicators
Neutral
Moving Averages
Buy

Analyst Ratings

16 Buy
7 Hold
0 Sell
Ratings:
23 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 1,066.1
(+4.78% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
BofA Securities
Buy1,120.00+10.07%1,090.00Maintain30-10-2026
Barclays
Hold920.00-9.58%930.00Maintain30-10-2026
Citi
Buy1,070.00+5.16%1,060.00Maintain30-10-2026
Kepler Cheuvreux
Hold940.00-7.62%920.00Maintain30-10-2026
Deutsche Bank
Buy1,200.00+17.94%1,160.00Maintain30-10-2026

Carlsberg A/S Class B Earnings Call Summary for Q3/2026

  • Q3 organic revenue rose 3.0% as soft drinks and premium beer offset mainstream weakness; full-year operating profit guidance of 4-6% reaffirmed.
  • Growth categories now represent 52% of volume, up from 51% in 2025, reflecting strategic shift away from mainstream European beer markets.
  • Asia organic revenue fell 4.6% with China volumes down ~10%; CEEI surged 11.7% while Western Europe grew 2.5% amid mixed regional performance.
  • PepsiCo bottling footprint to expand to 17 markets by 2029 from five in 2024; Kazakhstan insourcing to boost 2027 profits after facility ramp-up.
  • Management expects 2027 cost inflation in aluminum and energy but plans pricing actions to protect margins; leverage nearing 2.5x target by year-end.
Last Updated: 29-10-2026, 03:14 pm
Read Full Transcript

Earnings

Latest Release
29-10-2026
EPS / Forecast
22.86 / 22.74
Revenue / Forecast
25.28B / 25.18B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 48.37
Dividend Yield
2.85%
Industry Median 3.46%
Annualised payout
29.00
Paid annually
5-Years Growth
+5.68%
Growth Streak

CARLb Income Statement

Compare CARLb to Peers and Sector

Metrics to compare
CARLb
Peers
Sector
Relationship
P/E Ratio
21.5x19.5x10.6x
PEG Ratio
−0.80−0.140.03
Price/Book
3.3x2.2x1.5x
Price / LTM Sales
1.5x1.9x0.8x
Upside (Analyst Target)
4.8%16.3%23.3%
Fair Value Upside
Unlock15.1%14.4%Unlock

Carlsberg A/S produces and markets beer, soft drinks, and other beverage products in Western Europe, Asia, Central and Eastern Europe, India, and internationally. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.

Industry
Beverages
Employees
36527
Market
Denmark

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
42.48M32.14%43.59B
Other Institutional Investors
-385.91K-0.29%-395.95M
Public Companies & Retail Investors
90.07M68.15%92.42B
Total
132.17M100.00%135.61B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Capital Research and Management Company5.47%72,34,71374,22,816
Vanguard Capital Management, LLC2.82%37,21,43338,18,190

FAQ

What Is the Carlsberg B (CARLb) Share Price Today?

The Carlsberg B share price today is 1,017.5.

What is the current Carlsberg B (CARLb) share price and day range?

As of 10-11-2026, the Carlsberg B share price is 1,017.5, with a previous close of 1,017.5. The share price has ranged from 1,011.0 to 1,024.0 today, while the 52-week range spans from 753.2 to 1,040.0.

What Is the Carlsberg B Market Cap?

As of today, Carlsberg B market cap is 137.6B.

Does Carlsberg B Pay Dividends? What's The Current Dividend Yield?

The Carlsberg B dividend yield is 2.9%%.

What Is the Carlsberg B (CARLb) Share Price Target?

The average 12-month share price target for Carlsberg B is 1,066.1, with a high estimate of 1550 and a low estimate of 880. 16 analysts recommend buying, while 0 suggest selling, with an overall rating of Buy and +4.78% Upside potential.

What Is Carlsberg B's Earnings Per Share (TTM)?

The Carlsberg B EPS (TTM) is 48.37.

When Is the Next Carlsberg B Earnings Date?

Carlsberg B will release its next earnings report on 09-02-2027.

From a Technical Analysis Perspective, Is CARLb a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

What Stock Exchange Does Carlsberg B Trade On?

Carlsberg B is listed and trades on the Copenhagen Stock Exchange.

What Is the Stock Symbol for Carlsberg B?

The stock symbol for Carlsberg B is "CARLb."

How Many Times Has Carlsberg B Stock Split?

Carlsberg B has split 2 times.

How Many Employees Does Carlsberg B Have?

Carlsberg B has 36527 employees.
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