Carlsberg (CABGY) Stock Price & Analysis

CABGY Stock Chart & Stats

$30.13$1.09(3.75%)

At close: Nov 02 10:58 AM EST

Day’s Range: $30.13 - $30.13
52-Week Range: $23.49 - $32.29
Previous Close: $29.01
Volume: N/A
Average Volume (3M): 1,138
Market Cap: $19.83B
Enterprise Value: $27.54B
Total Cash (Recent Filing): $9.65B
Total Debt (Recent Filing): $73.57B
Price to Earnings (P/E): 20.8
Beta: 0.31
Next Earnings: Feb 09, 2027 (Est.)
EPS Estimate: 0.39
Last Dividend Ex-Date: Mar 18, 2026
Dividend Yield: 2.98%

Bulls Say, Bears Say

Bulls Say

Broad-based Category And Portfolio Growth

Growth across soft drinks, premium beer, alcohol-free products and Pepsi broadens Carlsberg’s revenue base. This portfolio diversification can improve resilience, support premiumization and reduce dependence on mainstream beer demand over the medium term.

Britvic Integration And Synergy Delivery

Faster-than-planned Britvic synergies and Western Europe margin improvement indicate integration benefits are converting into operating gains. Successful execution should strengthen scale, route-to-market capabilities and returns across the combined beverage portfolio.

Improved Cash Generation And Deleveraging

Stronger operating and free cash flow improves debt-servicing capacity and provides flexibility to fund investment. The reduction in net leverage, supported by cash generation and financing actions, lowers balance-sheet risk if operating conditions remain stable.

Bears Say

Elevated Leverage And Reduced Financial Flexibility

Despite recent net leverage reduction, the year-end debt-to-equity increase leaves Carlsberg more exposed to weaker profits, refinancing needs and higher financing costs. A heavier capital structure can constrain acquisitions, dividends and investment flexibility.

Earnings Volatility And Margin Compression

Large swings in bottom-line profitability indicate that reported earnings remain sensitive to regional conditions, costs, currency and integration effects. Lower recent margins could limit consistent cash accumulation and make deleveraging dependent on continued operational improvement.

Regional Weakness And Unprofitable Expansion

Weak mainstream beer demand in Poland and Germany, combined with Kazakhstan’s early-stage loss-making expansion, creates a drag on regional profitability. The contrast between volume growth and profit contribution highlights execution and mix risks during expansion.

Carlsberg News

Carlsberg added to European Conviction List at Goldman Sachs

Goldman Sachs analysts added Carlsberg (CABGY) to the firm’s European Conviction List as part of its monthly update. Published first on TheFly – the ultimate source for real-time, market-moving breaking

1d agoCABGY CBGA

Carlsberg price target raised to DKK 1,070 from DKK 1,060 at Citi

Citi analyst Simon Hales raised the firm’s price target on Carlsberg (CABGY) to DKK 1,070 from DKK 1,060 and keeps a Buy rating on the shares. Published first on TheFly

3d agoCABGY CBGA

Carlsberg upgraded to Equal Weight from Underweight at Barclays

Barclays analyst Laurence Whyatt upgraded Carlsberg (CABGY) to Equal Weight from Underweight with a price target of DKK 930, up from DKK 792. Soft drinks are now 59% of the

3w agoCABGY CBGA

Carlsberg price target lowered to DKK 1,160 from DKK 1,220 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Carlsberg (CABGY) to DKK 1,160 from DKK 1,220 and keeps a Buy rating on the shares. Published first on TheFly – the

1M agoCABGY CBGA

Carlsberg downgraded to Hold from Buy at Jefferies

Jefferies analyst Edward Mundy downgraded Carlsberg (CABGY) to Hold from Buy with a price target of DKK 950, down from DKK 1,110. The firm sees the company’s fiscal 2027 organic

1M agoCABGY CBGA

Carlsberg price target raised to DKK 1,065 from DKK 1,030 at Morgan Stanley

Morgan Stanley analyst Sarah Simon raised the firm’s price target on Carlsberg (CABGY) to DKK 1,065 from DKK 1,030 and keeps an Overweight rating on the shares. Published first on

2M agoCABGY CBGA

Carlsberg price target raised to DKK 1,050 from DKK 1,040 at RBC Capital

RBC Capital raised the firm’s price target on Carlsberg (CABGY) to DKK 1,050 from DKK 1,040 and keeps an Outperform rating on the shares. Published first on TheFly – the

2M agoCABGY CBGA

Carlsberg Earnings Call: Growth, Synergies And Headwinds

Carlsberg (($CABGY)) has held its Q2 earnings call. Read on for the main highlights of the call. Carlsberg’s latest earnings call struck an upbeat tone despite regional setbacks. Management highlighted

2M agoCABGY CBGC

Carlsberg price target lowered to DKK 1,030 from DKK 1,035 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Carlsberg (CABGY) to DKK 1,030 from DKK 1,035 and keeps an Overweight rating on the shares. Published first on TheFly – the

4M agoCABGY CBGA

Carlsberg price target lowered to DKK 1,060 from DKK 1,090 at Citi

Citi lowered the firm’s price target on Carlsberg (CABGY) to DKK 1,060 from DKK 1,090 and keeps a Buy rating on the shares. Published first on TheFly – the ultimate

6M agoCABGY CBGA

Carlsberg upgraded to Hold from Sell at Nordea

Nordea upgraded Carlsberg (CABGY) to Hold from Sell. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks

6M agoCABGY CBGA

The Week That Was, The Week Ahead: Macro and Markets, Mar. 15

U.S. stocks ended the week lower as war risk in the Gulf and fresh macro data weighed on sentiment. The S&P 500 (SPX) fell 1.6% for the week and closed

7M agoBN MU

Carlsberg Earnings Call: Britvic Boosts Growth, Risks Linger

Carlsberg (($CABGY)) has held its Q4 earnings call. Read on for the main highlights of the call. Carlsberg’s latest earnings call mixed upbeat acquisition news with lingering organic softness, leaving

8M agoCABGY CBGC

Heineken CEO Dolf van den Brink Resigns as Beer Sales and Shares Falter

Netherlands-based Heineken’s ($HEINY) CEO Dolf van den Brink is stepping down after nearly six years as the top boss at the company. The brewer said he will leave on May

9M agoBUD CABGY

CABGY FAQ

What was Carlsberg’s price range in the past 12 months?

Carlsberg lowest stock price was $23.49 and its highest was $32.29 in the past 12 months.

What is Carlsberg’s market cap?

Carlsberg’s market cap is $19.83B.

When is Carlsberg’s upcoming earnings report date?

Carlsberg’s next earnings report is estimated for Feb 09, 2027 (not yet confirmed), which is in 98 days.

How were Carlsberg’s earnings last quarter?

Carlsberg released its earnings results on Aug 19, 2026. The company reported $0.709 earnings per share for the quarter, missing the consensus estimate of $0.719 by -$0.01.

Is Carlsberg overvalued?

Not enough analysts have published a price target to calculate whether the price is overvalued.

Does Carlsberg pay dividends?

Carlsberg pays a Annually dividend of $0.887 which represents an annual dividend yield of 2.98%. See more information on Carlsberg dividends here

What is Carlsberg’s EPS estimate?

Carlsberg’s EPS estimate is 0.39.

How many shares outstanding does Carlsberg have?

Carlsberg has 494,787,780 shares outstanding.

What happened to Carlsberg’s price movement after its last earnings report?

Carlsberg reported an EPS of $0.709 in its last earnings report, missing expectations of $0.719. Following the earnings report the stock price went down -1.428%.

Which hedge fund is a major shareholder of Carlsberg?

Currently, no hedge funds are holding shares in CABGY

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Carlsberg Stock Smart Score

Neutral

Learn more about TipRanks Smart Score

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Company Description

Carlsberg

Carlsberg A/S, headquartered in Copenhagen, Denmark, specializes in the production and global distribution of beer and various other beverage products. Their extensive portfolio includes traditional core beers, a range of craft and specialty brews, and an increasing selection of alcohol-free options. These beverages are primarily sold under renowned brand names like Carlsberg, Tuborg, Feldschlösschen, Baltika, Chongqing, 1664 Blanc, Grimbergen, Ringnes, and Somersby. Established in 1847, the company not only operates significantly in Denmark but also boasts a substantial international presence, exporting its products to roughly 100 countries worldwide.

Carlsberg (CABGY) Earnings & Revenues

Historic Earnings Reports

CABGY Company Deck

CABGY Earnings Call

Q2 2026

0:00 / 0:00

Earnings Call SentimentPositive

The call conveyed a predominantly positive message: the Group delivered solid organic revenue and operating profit growth, improved margins, stronger cash generation and materially reduced leverage. Strategic moves (Britvic integration, Pepsi expansions, Sapporo JV) and faster-than-expected synergy delivery underpin upgraded confidence and a narrowed, higher earnings guidance. Main challenges noted were a weak China beer market exacerbated by severe weather and temporary destocking, Kazakhstan’s current lack of profitability diluting regional margins, FX headwinds and localized market softness (Poland, Ukraine). Overall, the positive operational progress, balance-sheet improvements and clearer outlook outweigh the near-term regional headwinds.

View all CABGY earnings summaries

Technical Analysis

Overall Consensus

Indicator	Bullish	Neutral	Bearish
Overall Consensus	14	5	3
Technical Analysis	2	5	3
Moving Averages	12	0	0

Technical Analysis >

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Ownership Overview

<0.01% Mutual Funds
0.02% Other Institutional Investors
99.98% Public Companies and Individual Investors

Detailed Ownership Overview >

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