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 UK, Germany and Vietnam.
Although Carlsberg is underindexed in premium segments, it does have a presence with brands such as Tuborg, 1664 Blanc and Brooklyn, and the premiumization of the portfolio could be seen as a long-term opportunity.
The shift to low and no-alcohol beer creates uncertainty around volume and the crossover of brand equity into these categories.
|
Metric
|
CABGY
|
HEIA
|
ABI
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.64 | 19.50 | 19.04 |
Price/Book Value | 5.25 | 2.56 | 1.49 |
Price/Sales | 1.73 | 1.69 | 2.08 |
Price/Cash Flow | 10.86 | 11.16 | 8.36 |
|
Metric
|
CABGY
|
HEIA
|
ABI
|
|---|---|---|---|
Quick Ratio | 0.50 | 0.48 | 0.45 |
Current Ratio | 0.64 | 0.77 | 0.63 |
Interest Coverage | 9.20 | 4.61 | 2.83 |
|
Metric
|
CABGY
|
HEIA
|
ABI
|
|---|---|---|---|
Return on Assets (Normalized) | 6.40% | 4.80% | 2.85% |
Return on Equity (Normalized) | 26.70% | 13.38% | 7.94% |
Return on Invested Capital (Normalized) | 12.03% | 7.87% | 5.38% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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FMX
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HINKF
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HKHHF
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TAP
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SAM
| Boston Beer Co Inc Class A | Shswzmkkv | Ngcsknw | $3.5 Bil |
