Carlsberg’s third-quarter trading update showed organic revenue growth of 3.0%, meeting consensus. Volume growth of 0.3% was mixed across regions: up 0.3% in Western Europe, down 6.7% in Asia, and up 7.5% in Central and Eastern Europe and India. Shares fell around 2% at the market open on Oct. 29.
Carlsberg operates in several markets with attractive volume growth prospects and a premiumization runway.
Beer is a competitive industry, particularly in developed markets, and returns may be squeezed by price competition across categories.
Metric | CARL B | 600600 | HEIA |
|---|---|---|---|
Price/Earnings (Normalized) | 16.92 | 17.76 | 16.61 |
Price/Book Value | 3.23 | 2.22 | 2.48 |
Price/Sales | 1.51 | 2.31 | 1.58 |
Price/Cash Flow | 9.63 | 13.70 | 9.81 |
Metric | CARL B | 600600 | HEIA |
|---|---|---|---|
Quick Ratio | 0.51 | 1.34 | 0.51 |
Current Ratio | 0.66 | 1.68 | 0.75 |
Interest Coverage | 4.03 | 348.19 | 5.67 |
Metric | CARL B | 600600 | HEIA |
|---|---|---|---|
Return on Assets (Normalized) | 5.21% | 7.24% | 5.06% |
Return on Equity (Normalized) | 25.97% | 12.13% | 15.07% |
Return on Invested Capital (Normalized) | 9.53% | 11.06% | 7.96% |
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