CARLSBERG AS-B (CBGB.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:CBGB - DK0010181759 - Common Stock
113.05 EUR
-0.3 (-0.26%)
Overall CBGB gets a fundamental rating of 3 out of 10. We evaluated CBGB against 30 industry peers in the Beverages industry. While CBGB is still in line with the averages on profitability rating, there are concerns on its financial health. CBGB has a expensive valuation and it also scores bad on growth. CBGB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year CBGB was profitable.
- In the past year CBGB had a positive cash flow from operations.
- In multiple years CBGB reported negative net income over the last 5 years.
- CBGB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- CBGB has a better Return On Assets (5.78%) than 83.33% of its industry peers.
- The Return On Equity of CBGB (35.73%) is better than 90.00% of its industry peers.
- With a decent Return On Invested Capital value of 8.91%, CBGB is doing good in the industry, outperforming 80.00% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for CBGB is above the industry average of 8.18%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.78% | ||
| ROE | 35.73% | ||
| ROIC | 8.91% |
ROA(3y)-9.78%
ROA(5y)-3.77%
ROE(3y)-48.69%
ROE(5y)-23.03%
ROIC(3y)12.89%
ROIC(5y)11.3%
1.3 Margins
- CBGB has a Profit Margin of 10.89%. This is in the better half of the industry: CBGB outperforms 63.33% of its industry peers.
- CBGB's Profit Margin has improved in the last couple of years.
- CBGB's Operating Margin of 14.12% is in line compared to the rest of the industry. CBGB outperforms 46.67% of its industry peers.
- In the last couple of years the Operating Margin of CBGB has remained more or less at the same level.
- CBGB has a Gross Margin of 45.73%. This is comparable to the rest of the industry: CBGB outperforms 50.00% of its industry peers.
- CBGB's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.12% | ||
| PM (TTM) | 10.89% | ||
| GM | 45.73% |
OM growth 3Y-4.19%
OM growth 5Y-1.39%
PM growth 3Y2.18%
PM growth 5Y4.04%
GM growth 3Y-1.21%
GM growth 5Y-1.54%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CBGB is creating value.
- Compared to 1 year ago, CBGB has less shares outstanding
- The number of shares outstanding for CBGB has been reduced compared to 5 years ago.
- CBGB has a better debt/assets ratio than last year.
2.2 Solvency
- CBGB has an Altman-Z score of 1.41. This is a bad value and indicates that CBGB is not financially healthy and even has some risk of bankruptcy.
- CBGB has a Altman-Z score of 1.41. This is in the lower half of the industry: CBGB underperforms 76.67% of its industry peers.
- The Debt to FCF ratio of CBGB is 14.04, which is on the high side as it means it would take CBGB, 14.04 years of fcf income to pay off all of its debts.
- CBGB's Debt to FCF ratio of 14.04 is on the low side compared to the rest of the industry. CBGB is outperformed by 76.67% of its industry peers.
- CBGB has a Debt/Equity ratio of 2.67. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 2.67, CBGB is not doing good in the industry: 93.33% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.67 | ||
| Debt/FCF | 14.04 | ||
| Altman-Z | 1.41 |
ROIC/WACC2.23
WACC3.99%
2.3 Liquidity
- CBGB has a Current Ratio of 0.70. This is a bad value and indicates that CBGB is not financially healthy enough and could expect problems in meeting its short term obligations.
- CBGB's Current ratio of 0.70 is on the low side compared to the rest of the industry. CBGB is outperformed by 83.33% of its industry peers.
- CBGB has a Quick Ratio of 0.70. This is a bad value and indicates that CBGB is not financially healthy enough and could expect problems in meeting its short term obligations.
- CBGB has a Quick ratio of 0.54. This is comparable to the rest of the industry: CBGB outperforms 43.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
- The earnings per share for CBGB have decreased strongly by -26.75% in the last year.
EPS 1Y (TTM)-26.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
3.2 Future
- CBGB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.50% yearly.
- The Revenue is expected to decrease by -1.86% on average over the next years.
EPS Next Y7.55%
EPS Next 2Y11.68%
EPS Next 3Y10.06%
EPS Next 5Y8.5%
Revenue Next Year-2.58%
Revenue Next 2Y-2.06%
Revenue Next 3Y-1.48%
Revenue Next 5Y-1.86%
3.3 Evolution
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 32.03, which means the current valuation is very expensive for CBGB.
- Compared to the rest of the industry, the Price/Earnings ratio of CBGB indicates a slightly more expensive valuation: CBGB is more expensive than 70.00% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of CBGB to the average of the S&P500 Index (26.94), we can say CBGB is valued inline with the index average.
- With a Price/Forward Earnings ratio of 25.65, CBGB can be considered very expensive at the moment.
- 76.67% of the companies in the same industry are cheaper than CBGB, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.94, CBGB is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.03 | ||
| Fwd PE | 25.65 |
4.2 Price Multiples
- CBGB's Enterprise Value to EBITDA is on the same level as the industry average.
- CBGB's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.23 | ||
| EV/EBITDA | 10.7 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- CBGB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.24
PEG (5Y)N/A
EPS Next 2Y11.68%
EPS Next 3Y10.06%
5. Dividend
5.1 Amount
- CBGB has a Yearly Dividend Yield of 3.13%.
- Compared to an average industry Dividend Yield of 2.61, CBGB pays a bit more dividend than its industry peers.
- CBGB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.13% |
5.2 History
- On average, the dividend of CBGB grows each year by 8.19%, which is quite nice.
Dividend Growth(5Y)8.19%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
- 39.92% of the earnings are spent on dividend by CBGB. This is a low number and sustainable payout ratio.
- The dividend of CBGB is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP39.92%
EPS Next 2Y11.68%
EPS Next 3Y10.06%
FRA:CBGB (1/20/2026, 7:00:00 PM)
113.05
-0.3 (-0.26%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)10-30 2025-10-30
Earnings (Next)02-04 2026-02-04/amc
Inst Owners49.99%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap15.00B
Revenue(TTM)65.35B
Net Income(TTM)8.94B
Analysts77.86
Price Target136.17 (20.45%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.13% |
Yearly Dividend3.62
Dividend Growth(5Y)8.19%
DP39.92%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.83%
PT rev (3m)N/A
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.01%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.03 | ||
| Fwd PE | 25.65 | ||
| P/S | 1.36 | ||
| P/FCF | 21.23 | ||
| P/OCF | 10.43 | ||
| P/B | 4.48 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.7 |
EPS(TTM)3.53
EY3.12%
EPS(NY)4.41
Fwd EY3.9%
FCF(TTM)5.32
FCFY4.71%
OCF(TTM)10.84
OCFY9.59%
SpS82.83
BVpS25.24
TBVpS-56.52
PEG (NY)4.24
PEG (5Y)N/A
Graham Number44.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.78% | ||
| ROE | 35.73% | ||
| ROCE | 11.05% | ||
| ROIC | 8.91% | ||
| ROICexc | 9.86% | ||
| ROICexgc | 67.7% | ||
| OM | 14.12% | ||
| PM (TTM) | 10.89% | ||
| GM | 45.73% | ||
| FCFM | 6.43% |
ROA(3y)-9.78%
ROA(5y)-3.77%
ROE(3y)-48.69%
ROE(5y)-23.03%
ROIC(3y)12.89%
ROIC(5y)11.3%
ROICexc(3y)15.76%
ROICexc(5y)13.4%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)15.98%
ROCE(5y)14.01%
ROICexgc growth 3Y27.92%
ROICexgc growth 5Y36.11%
ROICexc growth 3Y13.8%
ROICexc growth 5Y10.01%
OM growth 3Y-4.19%
OM growth 5Y-1.39%
PM growth 3Y2.18%
PM growth 5Y4.04%
GM growth 3Y-1.21%
GM growth 5Y-1.54%
F-Score7
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.67 | ||
| Debt/FCF | 14.04 | ||
| Debt/EBITDA | 4.07 | ||
| Cap/Depr | 113.41% | ||
| Cap/Sales | 6.66% | ||
| Interest Coverage | 8.51 | ||
| Cash Conversion | 65.44% | ||
| Profit Quality | 59.02% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | 1.41 |
F-Score7
WACC3.99%
ROIC/WACC2.23
Cap/Depr(3y)105.07%
Cap/Depr(5y)101.51%
Cap/Sales(3y)6.06%
Cap/Sales(5y)6.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-26.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y7.55%
EPS Next 2Y11.68%
EPS Next 3Y10.06%
EPS Next 5Y8.5%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next Year-2.58%
Revenue Next 2Y-2.06%
Revenue Next 3Y-1.48%
Revenue Next 5Y-1.86%
EBIT growth 1Y9.83%
EBIT growth 3Y3.16%
EBIT growth 5Y1.2%
EBIT Next Year63.2%
EBIT Next 3Y22.73%
EBIT Next 5Y16.92%
FCF growth 1Y-18.48%
FCF growth 3Y-9.14%
FCF growth 5Y-3.87%
OCF growth 1Y0.6%
OCF growth 3Y-2.69%
OCF growth 5Y-1.56%
CARLSBERG AS-B / CBGB.DE FAQ
What is the fundamental rating for CBGB stock?
ChartMill assigns a fundamental rating of 3 / 10 to CBGB.DE.
What is the valuation status of CARLSBERG AS-B (CBGB.DE) stock?
ChartMill assigns a valuation rating of 2 / 10 to CARLSBERG AS-B (CBGB.DE). This can be considered as Overvalued.
What is the profitability of CBGB stock?
CARLSBERG AS-B (CBGB.DE) has a profitability rating of 6 / 10.
What is the valuation of CARLSBERG AS-B based on its PE and PB ratios?
The Price/Earnings (PE) ratio for CARLSBERG AS-B (CBGB.DE) is 32.03 and the Price/Book (PB) ratio is 4.48.
What is the financial health of CARLSBERG AS-B (CBGB.DE) stock?
The financial health rating of CARLSBERG AS-B (CBGB.DE) is 2 / 10.