Carlsberg A/S Class B
CARL B: XCSE (DNK)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| DKK 138.00 | Fylsh | Bhynkqdf |
Carlsberg's Medium-Term Guidance Is Impressive but May Not Be Sustained
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Business Strategy and Outlook
Carlsberg has a reasonably strong namesake brand and a portfolio of superpremium brands that position it well for ongoing premiumisation. It has strong positions in a cluster of generally small markets, notably Scandinavia and western China, but is a second-tier player in other larger markets such as the U.K., Germany and Vietnam.