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Carlsberg A/S
SWB:CBGB

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Carlsberg A/S
SWB:CBGB
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Price: 111.9 EUR 4.63%
Market Cap: €15.2B

EV/OCF

12.8
Current
6%
More Expensive
vs 3-y average of 12

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
12.8
=
Enterprise Value
€181.7B
/
Operating Cash Flow
kr12.4B

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
12.8
=
Enterprise Value
€181.7B
/
Operating Cash Flow
kr12.4B

Valuation Scenarios

Carlsberg A/S is trading above its 3-year average

If EV/OCF returns to its 3-Year Average (12), the stock would be worth €105.57 (6% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-8%
Maximum Upside
+23%
Average Upside
1%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 12.8 €111.9
0%
3-Year Average 12 €105.57
-6%
5-Year Average 12.1 €106.36
-5%
Industry Average 15.7 €137.95
+23%
Country Average 11.7 €102.87
-8%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
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Market Distribution

Lower than 84% of companies in Denmark
Percentile
16th
Based on 392 companies
16th percentile
1.8
Low
0.4 — 6.1
Typical Range
6.1 — 16.6
High
16.6 —
Distribution Statistics
Denmark
Min 0.4
30th Percentile 6.1
Median 11.7
70th Percentile 16.6
Max 4 948.3

Carlsberg A/S
Glance View

Nestled in the heart of Copenhagen since 1847, Carlsberg A/S has traversed a storied path from its humble beginnings as a local brewery to becoming one of the globe's leading brewing enterprises. Founded by J.C. Jacobsen, the company's quest was not merely about producing beer but crafting a legacy of passion, precision, and innovation. Guided by a scientific approach to brewing, Carlsberg pioneered advancements that altered the industry's trajectory—including the development of purified yeast in the late 19th century. This relentless drive for excellence and modernization propelled Carlsberg beyond Danish borders, carving its name into the international scene. Today, Carlsberg continues to operate with a dynamic blend of tradition and modern business acumen. Its portfolio boasts well-known brands such as Tuborg and Kronenbourg, alongside its flagship Carlsberg beer. The company generates revenue predominantly through the production, distribution, and marketing of a diverse range of beer and beverage offerings. With strategic acquisitions and the expansion of its operations into emerging markets across Asia and Eastern Europe, Carlsberg leverages its global distribution network to penetrate competitive beer markets. In balancing cost management with sustainable practices, Carlsberg has carved a unique niche, aligning its business operations with the growing demand for environmentally responsible and high-quality beverages. Through these thoughtful strategies, Carlsberg maintains its venerable status in the ever-competitive brewing industry.

CBGB Intrinsic Value
199.44 EUR
Undervaluation 44%
Intrinsic Value
Price €111.9
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