Carlsberg A/S (CABGY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Carlsberg A/S (CABGY) trades at $28.73 with AI Score 50/100 (Grade B). Carlsberg A/S is a global brewer based in Denmark, known for its flagship Carlsberg beer and a diverse portfolio of other beverage brands. Market cap: $18.98B, Sector: Consumer defensive.
Price live · AI analysis from Mar 17, 2026Analyst Coverage for CABGY: CABGY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates CABGY against Consumer Defensive peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
CABGY: the 1 perspectives are evenly split.
How is this calculated? →Carlsberg A/S (CABGY) Consumer Business Overview
Carlsberg A/S, a Danish multinational brewer, holds a prominent position in the global alcoholic beverage market with a diverse brand portfolio including Carlsberg, Tuborg, and 1664 Blanc. With a focus on both core beer brands and craft offerings, the company exports to approximately 100 countries, navigating a competitive landscape.
What Is the Investment Thesis for CABGY?
Carlsberg A/S presents a stable investment opportunity within the consumer defensive sector, supported by its established brand portfolio and global distribution network. With a P/E ratio of 18.61 and a dividend yield of 3.35%, the company offers a blend of value and income. A key value driver is its consistent profitability, reflected in a 6.9% profit margin and a 42.3% gross margin. Growth catalysts include expansion in emerging markets and continued innovation in craft and alcohol-free beverages. Potential risks include currency fluctuations and increasing competition from both global and local brewers. The company's beta of 0.53 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
CABGY Key Highlights
- Market capitalization of $18.98B, reflecting its significant presence in the global beverage market.
- P/E ratio of 18.61, indicating a reasonable valuation compared to its earnings.
- Dividend yield of 3.35%, providing a steady income stream for investors.
- Profit margin of 6.9%, demonstrating its ability to generate profits from its sales.
- Gross margin of 42.3%, showcasing efficient cost management in its production and distribution processes.
Who Are CABGY's Competitors?
CABGY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ASBRF Asahi Group Holdings, Ltd. | $9.75 | +0.00% | $14.26B | 48 |
| BDWBF Budweiser Brewing Company APAC Limited | $0.94 | +15.52% | $12.43B | 44 |
| BDWBY Budweiser Brewing Company APAC Limited | $3.30 | +1.85% | $10.91B | — |
| CCHBF Coca-Cola HBC AG | $67.49 | +3.83% | $24.60B | 52 |
| CCHGY Coca-Cola HBC AG | $67.40 | -1.68% | $24.56B | 52 |
| KNBWF Kirin Holdings Company, Limited | $17.40 | -6.23% | $13.90B | 54 |
| FMXUF Fomento Económico Mexicano, S.A.B. de C.V. | $12.58 | +0.00% | $25.82B | 54 |
| BUDFF Anheuser-Busch InBev SA/NV | $79.64 | -2.57% | $153.96B | 53 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CABGY's Key Strengths?
- Strong brand portfolio with well-known brands like Carlsberg and Tuborg.
- Global distribution network reaching approximately 100 countries.
- Commitment to innovation and sustainability.
- Solid financial performance with consistent profitability.
What Are CABGY's Weaknesses?
- Exposure to currency fluctuations due to its international operations.
- Dependence on the beer market, which is subject to changing consumer preferences.
- Limited presence in some emerging markets compared to its competitors.
- Potential for increased competition from local and craft brewers.
What Could Drive CABGY Stock Higher?
- Expansion into key Asian markets, particularly China and Southeast Asia, driving revenue growth.
- Innovation in alcohol-free beverages, catering to health-conscious consumers and expanding market share.
- Potential strategic acquisitions to broaden the product portfolio and geographic reach by Q4 2026.
- Implementation of sustainability initiatives to enhance brand image and attract environmentally conscious consumers.
- Premiumization of core brands to increase revenue and profit margins.
What Are the Key Risks for CABGY?
- Exposure to currency fluctuations, particularly between the Danish Krone and the U.S. dollar.
- Increased competition from global and local brewers, impacting market share and profitability.
- Changing consumer preferences and health trends, requiring adaptation and innovation.
- Economic downturns and reduced consumer spending, affecting demand for alcoholic beverages.
- Regulatory changes and increased taxes on alcoholic beverages, impacting profitability.
What Are the Growth Opportunities for CABGY?
- Expansion in Asian Markets: Carlsberg has significant growth potential in Asian markets, particularly in China and Southeast Asia. The rising disposable incomes and increasing urbanization in these regions are driving demand for premium and international beer brands. Carlsberg can leverage its existing distribution network and brand recognition to capture a larger share of these markets. This expansion could contribute significantly to revenue growth over the next 3-5 years, with the Asian beer market projected to reach $350 billion by 2028.
- Innovation in Alcohol-Free Beverages: The growing trend towards health and wellness is driving demand for alcohol-free beverages. Carlsberg can capitalize on this trend by expanding its portfolio of alcohol-free beers and other beverages. This includes developing new flavors and formulations that appeal to health-conscious consumers. The global non-alcoholic beverage market is expected to reach $1.6 trillion by 2025, presenting a significant growth opportunity for Carlsberg.
- Strategic Acquisitions: Carlsberg can pursue strategic acquisitions to expand its product portfolio and geographic reach. This includes acquiring smaller craft breweries or beverage companies that complement its existing business. Acquisitions can provide access to new markets, technologies, and consumer segments. The company has a history of successful acquisitions and can leverage its expertise to create value through future deals. The timeline for potential acquisitions is ongoing, with the company continuously evaluating opportunities.
- Sustainability Initiatives: Consumers are increasingly demanding sustainable products and practices. Carlsberg can enhance its brand image and attract environmentally conscious consumers by implementing sustainability initiatives throughout its value chain. This includes reducing its carbon footprint, conserving water, and promoting responsible drinking. These initiatives can also lead to cost savings and improved operational efficiency. The company's sustainability goals are ongoing, with targets set for 2030 and beyond.
- Premiumization of Core Brands: Carlsberg can drive revenue growth by premiumizing its core beer brands. This includes introducing new packaging formats, enhancing the product experience, and targeting higher-end consumers. Premiumization can increase brand value and improve profit margins. The company can also leverage its marketing and branding expertise to create a more aspirational image for its core brands. This strategy can be implemented over the next 2-3 years, with a focus on key markets.
What Opportunities Does CABGY Have?
- Expansion in Asian markets with rising disposable incomes.
- Growth in the alcohol-free beverage market.
- Strategic acquisitions to expand its product portfolio and geographic reach.
- Premiumization of core brands to increase revenue and profit margins.
What Threats Does CABGY Face?
- Intense competition from global and local brewers.
- Changing consumer preferences and health trends.
- Economic downturns and reduced consumer spending.
- Regulatory changes and increased taxes on alcoholic beverages.
What Are CABGY's Competitive Advantages?
- Strong brand recognition and reputation, particularly for its flagship Carlsberg beer.
- Global distribution network, providing access to a wide range of markets.
- Diverse portfolio of beer and beverage brands, catering to different consumer preferences.
- Economies of scale in production and distribution, leading to cost advantages.
What Does CABGY Do?
Carlsberg A/S, founded in 1847 in Copenhagen, Denmark, has evolved from a local brewery into a global beverage powerhouse. The company's origins lie in J.C. Jacobsen's vision to produce high-quality beer through scientific methods. Over the decades, Carlsberg expanded its product line and geographic reach through strategic acquisitions and organic growth. Today, Carlsberg A/S produces and sells a wide range of beer and beverage products, including core beer brands like Carlsberg and Tuborg, as well as craft and specialty beers, and alcohol-free alternatives. The company's brand portfolio also includes Feldschlösschen, Baltika, Chongqing, 1664 Blanc, Grimbergen, Ringnes, and Somersby. Carlsberg A/S exports its products to approximately 100 countries worldwide, maintaining a strong presence in Europe and Asia. The company is committed to innovation and sustainability, adapting to changing consumer preferences and environmental challenges.
What Products and Services Does CABGY Offer?
- Produces and sells a variety of beer products.
- Offers core beer brands like Carlsberg and Tuborg.
- Provides craft and specialty beers for diverse consumer tastes.
- Develops and markets alcohol-free beer options.
- Exports its products to approximately 100 countries worldwide.
- Manages a portfolio of regional beer brands like Feldschlösschen and Baltika.
- Focuses on innovation and sustainability in its operations.
How Does CABGY Make Money?
- Brewing and packaging beer and other beverages.
- Distributing products through a global network of distributors and retailers.
- Marketing and branding its products to consumers.
- Generating revenue through the sale of its products.
What Industry Does CABGY Operate In?
Carlsberg A/S operates in the global alcoholic beverage industry, a mature market characterized by steady growth and evolving consumer preferences. The industry is highly competitive, with major players like Anheuser-Busch InBev and Heineken, as well as numerous regional and local brewers. Trends include the increasing popularity of craft beers, the rise of non-alcoholic beverages, and a growing focus on sustainability. Carlsberg A/S is well-positioned to capitalize on these trends with its diverse brand portfolio and commitment to innovation. The global beer market is expected to continue growing at a moderate pace, driven by rising disposable incomes in emerging markets.
Who Are CABGY's Key Customers?
- Retail consumers who purchase beer and other beverages for personal consumption.
- Bars, restaurants, and other on-premise establishments that serve its products.
- Distributors and wholesalers who supply its products to retailers.
- Export markets in approximately 100 countries.
FY2026 estForward Outlook
Wall Street analysts project Carlsberg A/S revenue of about $91.24B for fiscal 2026, with EPS near $12.72. The estimate reflects 11 contributing analysts.
F-Score 4/9Financial Health
Carlsberg A/S's Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 2.14 places it in the grey zone, a middle ground that warrants monitoring.
ROE 23%Key Financial Metrics
Return on equity for Carlsberg A/S stands at 23.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 4.0%, showing how much profit it generates from its asset base. CABGY trades at a trailing price-to-earnings ratio of 18.31, below the Consumer Defensive sector average of ~29x. Its free cash flow yield is 6.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.60 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 5.5%, the inverse of the P/E and a quick read on earnings relative to price.
Carlsberg A/S (CABGY) Valuation Context
Valued at $18.98B, CABGY is classified as a large-cap stock. Relative to its peer group, CABGY's quantitative score of 50/100 is roughly in line with the peer average of 49/100.
CABGY Revenue & Earnings Trend
In Q4 2025, CABGY generated $43.24B in top-line revenue, marking a sequential decrease of 5.7%. The company recorded net income of $2.58B, with diluted EPS of $3.87. Quarter-over-quarter revenue has been mixed, typical for a large-cap company operating in Consumer Defensive. Across the four most recent quarters, CABGY averaged $4.24 in diluted EPS.
Company Profile
Carlsberg A/S operates in the Beverages - Alcoholic industry within the Consumer Defensive sector. It is headquartered in Copenhagen, DK. The company is led by CEO Jacob Aarup-Andersen. CABGY has traded publicly since 2010.
CABGY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Carlsberg's future prospects, indicating that executives see value in the stock.
- Community sentiment has turned positive as discussions around premium beer sales growth have gained traction, reflecting optimism in market trends.
- Carlsberg's strategic focus on sustainability is resonating well with consumers, enhancing brand loyalty and attracting a younger demographic.
- Recent product innovations and marketing campaigns have been well-received, driving excitement and engagement among consumers.
Bear Case
- Concerns over rising raw material costs have surfaced, which could impact profit margins if not managed effectively.
- Recent reports indicate that some analysts are cautious about the overall beer market growth, suggesting potential headwinds for Carlsberg.
- Social sentiment has shown some volatility, with mixed opinions on the effectiveness of Carlsberg's expansion strategies in emerging markets.
- Regulatory challenges in key markets could pose risks to future growth, creating uncertainty among investors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 2025 | $43.24B | $2.58B | $3.87 |
| Q2 2025 | $45.85B | $3.56B | $5.39 |
| Q4 2024 | $36.24B | $5.38B | $4.94 |
| Q2 2024 | $19.40B | $3.74B | $2.76 |
Based on FMP financials and quantitative analysis
CABGY Latest News
No recent news available for CABGY.
CABGY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for CABGY.
Price Targets
Wall Street price target analysis for CABGY.
CABGY MoonshotScore
What does this score mean?
The MoonshotScore rates CABGY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Jacob Aarup-Andersen
CEO
Jacob Aarup-Andersen has served as the CEO of Carlsberg A/S since 2023. Prior to joining Carlsberg, he held various leadership positions at ISS A/S, a global provider of facility services, including Group CFO and Group CEO. He has a strong background in finance and business strategy, with experience in driving growth and improving operational efficiency. His educational background includes degrees from the Copenhagen Business School.
Track Record: Since becoming CEO of Carlsberg, Jacob Aarup-Andersen has focused on strengthening the company's core brands, expanding its presence in key markets, and driving innovation in its product portfolio. He has also emphasized sustainability and responsible drinking initiatives. Under his leadership, Carlsberg has continued to deliver solid financial performance and maintain its position as a leading global brewer. He is navigating the company through a period of evolving consumer preferences and increasing competition.
Carlsberg A/S ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. CABGY is a Level 1 ADR, meaning it trades over-the-counter (OTC) without as stringent SEC requirements as listed exchanges. This allows U.S. investors to invest in Carlsberg A/S without directly dealing with foreign markets.
- Home Market Ticker: Nasdaq Copenhagen, Denmark
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: CABG
CABGY OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Carlsberg A/S (CABGY) may have limited regulatory oversight and reporting requirements compared to companies listed on exchanges like the NYSE or NASDAQ. Companies in this tier may not meet minimum financial standards or adhere to strict listing criteria, potentially leading to increased risks for investors due to less transparency and information availability.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited regulatory oversight and reporting requirements.
- Potential for lower liquidity and wider bid-ask spreads.
- Increased price volatility due to lower trading volume.
- Risk of fraud or manipulation due to less stringent listing standards.
- Difficulty in obtaining reliable information about the company's financial performance.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the management team and their track record.
- Understand the risks associated with investing in OTC stocks.
- Monitor trading volume and price volatility.
- Consult with a financial advisor before investing.
- Established brand recognition and reputation.
- Global distribution network and international presence.
- Consistent financial performance and profitability.
- Commitment to sustainability and responsible business practices.
- Listing on the Nasdaq Copenhagen (primary exchange).
CABGY Consumer Defensive Stock FAQ
What does Carlsberg A/S do?
Carlsberg A/S is a global brewer that produces, markets, and sells a wide range of beer and beverage products. Its portfolio includes core beer brands like Carlsberg and Tuborg, as well as craft and specialty beers, and alcohol-free alternatives. The company operates in approximately 100 countries worldwide, with a strong presence in Europe and Asia. Carlsberg focuses on innovation, sustainability, and responsible drinking, aiming to meet evolving consumer preferences and environmental challenges. The company's business model involves brewing, packaging, distributing, and marketing its products through a global network of distributors and retailers.
What do analysts say about CABGY stock?
Analyst consensus on CABGY stock is mixed, reflecting the company's stable position in the consumer defensive sector and its growth opportunities in emerging markets. Key valuation metrics include its P/E ratio of 18.61 and dividend yield of 3.35%. Growth considerations include its expansion in Asia, innovation in alcohol-free beverages, and strategic acquisitions. Potential risks include currency fluctuations and increased competition. Analysts generally view Carlsberg as a long-term investment with steady growth potential, but caution investors to consider the risks associated with its international operations and the evolving beverage market.
What are the main risks for CABGY?
The main risks for CABGY include currency fluctuations, particularly between the Danish Krone and the U.S. dollar, which can impact its financial results. Increased competition from global and local brewers poses a threat to its market share and profitability. Changing consumer preferences and health trends require continuous adaptation and innovation. Economic downturns and reduced consumer spending can affect demand for alcoholic beverages. Regulatory changes and increased taxes on alcoholic beverages can also impact its profitability. Additionally, as an OTC stock, CABGY faces risks associated with lower liquidity and transparency.
What are the key factors to evaluate for CABGY?
Carlsberg A/S (CABGY) holds an AI score of 50/100 (moderate). Not financial advice.
How frequently does CABGY data refresh on this page?
CABGY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven CABGY's recent stock price performance?
Carlsberg A/S (CABGY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand portfolio with well-known brands like Carlsberg and Tuborg. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider CABGY overvalued or undervalued right now?
Valuing Carlsberg A/S (CABGY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying CABGY?
Before investing in Carlsberg A/S (CABGY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- OTC market data may be less reliable than exchange-listed data.