VIE/CARL (VIE/CARL)

Vienna Stock Exchange: VIE/CARL · EUR

€129

+1.35 (+1.1%)· Recorded snapshot

Market cap	17.5B
Revenue (ttm)	12.1B
Net income (ttm)	855.4M
EPS (ttm)	€6.45
P/E (trailing)	20.0x
P/E (forward)	14.7x
Dividend	€3.88 (3.01%)

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 12.1B
Net income (ttm): 855.4M
EPS (ttm): €6.45
P/E (trailing): 20.0x
P/E (forward): 14.7x
Market cap: 17.5B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 19:55 UTC

Forward P/E14.7

P25 13P50 16.1P75 23.3

Trailing P/E20

P25 16.5P50 21.5P75 32.1

ROE20.4

P25 6.8P50 12.8P75 23.4

ROIC10.8

P25 5.6P50 10.2P75 13.9

Benchmarks · 1M

S&P 500+0.6%

Nasdaq Composite-2.3%

Dow Jones Industrial Average+1.9%

Russell 2000+1.8%

All VIE/CARL indicators

Market & fundamental data

Available fields

241

Groups with data

Currency

DKK

Showing 241 of 241 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	EUR
Country	Denmark
Country code	AT
Earnings date	2026-10-30
Employees	36,998
Employees change	4,407
Employees growth	13.52%
Enterprise value	EUR 24.6B
Exchange	Vienna Stock Exchange
Financial currency	DKK
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1847
Industry	Beverages - Brewers
Is primary listing	No
ISIN number	DK0010181759
Last earnings date	2026-08-19
Last refreshed	2026-10-29
Market cap	EUR 17.5B
Next earnings date	2026-10-30
Price	EUR 128.90
Price currency	EUR
Sector	Consumer Staples
SIC code	2082
Stock price date	2026-10-28
Symbol	vie/CARL
Website	https://www.carlsberggroup.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	29.36x
Average P/E ratio (3Y)	19.99x
Average P/E ratio (5Y)	23.49x
Earnings yield	5%
EV/Earnings	28.8x
EV/EBIT	13.15x
EV/EBITDA	9.38x
EV/FCF	22.57x
EV/Sales	2.04x
FCF / EV yield	4.43%
FCF yield	6.24%
Forward P/E	14.68x
Graham number	79.10616
Graham upside	-38.63%
Lynch fair value	EUR 31.51
Lynch upside	-75.56%
P/(FCF - SBC) ratio	16.29x
P/(OCF - SBC) ratio	9.47x
P/B ratio	2.92x
P/E ratio	19.99x
P/FCF ratio	16.03x
P/OCF ratio	9.39x
P/S ratio	1.45x
Price/EBITDA ratio	7.11x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	14.85%
EBITDA margin	20.38%
Effective tax rate	22.95%
FCF margin	9.04%
Gross margin	44.99%
Operating margin	14.85%
Pretax margin	10.66%
Profit margin	7.08%
Profit per employee	EUR 23,417
Profitable quarters	5
Profitable years	2
Revenue per employee	EUR 330,638
ROA	5.26%
ROA (5Y)	5.55%
ROCE	12.3%
ROE	20.44%
ROE (5Y)	23.03%
ROIC	10.85%
ROIC (5Y)	14.05%
SBC / revenue	0.14%
Tax / revenue	2.45%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-28.35%
EPS growth (Q)	12.99%
EPS growth (QoQ)	60.1%
EPS growth 5Y	2.87%
EPS growth quarters	1
EPS growth years	0
FCF growth	-4.78%
FCF growth (Q)	21.53%
FCF growth (QoQ)	-21.68%
FCF growth 3Y	-6.55%
FCF growth 5Y	5.28%
Gross profit growth	12.93%
Gross profit growth (Q)	1.84%
Gross profit growth 3Y	8.68%
Gross profit growth 5Y	6.72%
Net income growth	-28.36%
Net income growth (Q)	13.09%
Net income growth (QoQ)	58.84%
Net income growth 5Y	0.66%
Net income growth quarters	1
Net income growth years	0
OCF growth	3.97%
OCF growth (Q)	27.14%
OCF growth (QoQ)	-0.86%
OCF growth 10Y	3.93%
OCF growth 3Y	0.01%
OCF growth 5Y	5.06%
Operating income growth	25.62%
Operating income growth (Q)	13.94%
Operating income growth 3Y	7.82%
Operating income growth 5Y	7.44%
Revenue growth	14.97%
Revenue growth (Q)	2.61%
Revenue growth (QoQ)	8.82%
Revenue growth 10Y	3.34%
Revenue growth 3Y	9.61%
Revenue growth 5Y	8.47%
Revenue growth quarters	7
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	EUR -772.7M
Depreciation and amortization	EUR 668.7M
EBIT	EUR 1.8B
EBITDA	EUR 2.5B
EPS	EUR 6.45
Financing cash flow	EUR -946.7M
Free cash flow	EUR 1.1B
Free cash flow minus SBC	EUR 1.1B
Gross profit	EUR 5.4B
Income taxes	EUR 295.5M
Investing cash flow	EUR -884.9M
Net borrowing	EUR -2.1B
Net cash flow	EUR 36.8M
Net income	EUR 855.4M
Operating cash flow minus SBC	EUR 1.8B
Operating income	EUR 1.8B
Revenue	EUR 12.1B
Stock-based compensation	EUR 17.1M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.51
Book value per share	EUR 28.80
Debt / EBITDA	3.16
Debt / equity	1.34
Debt / FCF	7.37
Goodwill	EUR 8B
Interest coverage	5.62
Long-term assets	EUR 17.1B
Long-term liabilities	EUR 8.6B
Net cash (debt)	EUR -6.7B
Net cash / market cap	-38.57%
Net debt / EBITDA	2.74
Net debt / equity	1.13
Net debt / FCF	6.18
Piotroski F-Score	5
Property, plant and equipment	EUR 4.6B
Shareholders' equity	EUR 6B
Tangible book value	EUR -5.6B
Tangible book value per share	EUR -56.18
Total assets	EUR 21.9B
Total cash	EUR 1.3B
Total debt	EUR 8B
Total liabilities	EUR 15.9B

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.57
Current assets	EUR 4.8B
Current liabilities	EUR 7.3B
Current ratio	0.66
Inventory turnover	6.24
Net working capital	EUR -2.6B
Quick ratio	0.51
Working capital	EUR -2.5B
Working capital turnover	-0.72

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.06%
Dividend growth	7.21%
Dividend growth (3Y)	2.24%
Dividend growth (5Y)	5.57%
Dividend growth years	0
Dividend payment date	2026-03-19
Dividend payment years	8
Dividend payout frequency	Annual
Dividend per share	EUR 3.88
Dividend yield	3.01%
Ex-dividend date	2026-03-17
Last dividend	EUR 3.88
Payout ratio	60.11%
Shareholder yield	3.07%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	EUR 117.38
1D price change	1.06%
1M price change	11.94%
1M total return	11.94%
1W price change	0.59%
1W total return	0.59%
1Y price change	23%
1Y return CAGR	27.13%
1Y total return	27.11%
20-day SMA	EUR 121.69
200-day SMA	EUR 118.33
3M price change	5.74%
3M total return	5.74%
3Y price change	11.7%
3Y return CAGR	6.98%
3Y total return	22.45%
50-day SMA	EUR 118.40
50-day SMA vs 200-day SMA	50over200
52-week high	EUR 135.05
52-week high date	2026-02-12
52-week low	EUR 101.30
52-week low date	2025-11-18
5Y price change	-10.7%
5Y return CAGR	0.72%
5Y total return	3.65%
6M price change	19.68%
6M total return	19.68%
All-time high	EUR 159.55
All-time high date	2021-07-01
All-time low	EUR 88.14
All-time low date	2020-03-18
Average true range (ATR)	EUR 1.87
Average volume	0
Change from 52-week high	-4.55%
Change from 52-week low	27.25%
Change from all-time high	-19.21%
Change from all-time low	46.24%
Change from open	0.31%
Day's gap	0.74%
High price	EUR 128.90
Low price	EUR 128.35
Monthly RSI	55.87
Open price	EUR 128.50
Position in 52-week range	100%
Previous close	EUR 127.55
Price vs 150-day SMA	9.81%
Price vs 20-day SMA	5.93%
Price vs 200-day SMA	8.93%
Price vs 50-day SMA	8.87%
Relative volume	10
RSI	68.07
Sharpe ratio	0.96
Sharpe ratio (3Y)	0.27
Sharpe ratio (5Y)	-0.04
Sortino ratio	1.72
Sortino ratio (3Y)	0.63
Sortino ratio (5Y)	0.19
Weekly RSI	60.43
YTD price change	15.66%
YTD total return	19.53%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	132.1M
Shares change (QoQ)	-0.51%
Shares change (YoY)	-0.06%
Shares held by insiders	0.03%
Shares held by institutions	30%

Deeper analysis on VIE/CARL

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this VIE/CARL report

Is a complete VIE/CARL research report available?

No complete published report is available for vie/CARL (VIE/CARL) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

17.5B

Revenue (ttm)

12.1B

Net income (ttm)

855.4M

EPS (ttm)

€6.45

P/E (trailing)

20.0x

P/E (forward)

14.7x

Dividend

€3.88 (3.01%)

Metric

Value

Amount currency

EUR

Country

Denmark

Country code

Earnings date

2026-10-30

Employees

36,998

Employees change

4,407

Employees growth

13.52%

Enterprise value

EUR 24.6B

Exchange

Vienna Stock Exchange

Financial currency

DKK

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1847

Industry

Beverages - Brewers

Is primary listing

ISIN number

DK0010181759

Last earnings date

2026-08-19

Last refreshed

2026-10-29

Market cap

EUR 17.5B

Next earnings date

2026-10-30

Price

EUR 128.90

Price currency

EUR

Sector

Consumer Staples

SIC code

2082

Stock price date

2026-10-28

Symbol

vie/CARL

Website

https://www.carlsberggroup.com

Metric

Value

Average P/E ratio (10Y)

29.36x

Average P/E ratio (3Y)

19.99x

Average P/E ratio (5Y)

23.49x

Earnings yield

EV/Earnings

28.8x

EV/EBIT

13.15x

EV/EBITDA

9.38x

EV/FCF

22.57x

EV/Sales

2.04x

FCF / EV yield

4.43%

FCF yield

6.24%

Forward P/E

14.68x

Graham number

79.10616

Graham upside

-38.63%

Lynch fair value

EUR 31.51

Lynch upside

-75.56%

P/(FCF - SBC) ratio

16.29x

P/(OCF - SBC) ratio

9.47x

P/B ratio

2.92x

P/E ratio

19.99x

P/FCF ratio

16.03x

P/OCF ratio

9.39x

P/S ratio

1.45x

Price/EBITDA ratio

7.11x

Metric

Value

EBIT margin

14.85%

EBITDA margin

20.38%

Effective tax rate

22.95%

FCF margin

9.04%

Gross margin

44.99%

Operating margin

14.85%

Pretax margin

10.66%

Profit margin

7.08%

Profit per employee

EUR 23,417

Profitable quarters

Profitable years

Revenue per employee

EUR 330,638

ROA

5.26%

ROA (5Y)

5.55%

ROCE

12.3%

ROE

20.44%

ROE (5Y)

23.03%

ROIC

10.85%

ROIC (5Y)

14.05%

SBC / revenue

0.14%

Tax / revenue

2.45%

Metric

Value

EPS growth

-28.35%

EPS growth (Q)

12.99%

EPS growth (QoQ)

60.1%

EPS growth 5Y

2.87%

EPS growth quarters

EPS growth years

FCF growth

-4.78%

FCF growth (Q)

21.53%

FCF growth (QoQ)

-21.68%

FCF growth 3Y

-6.55%

FCF growth 5Y

5.28%

Gross profit growth

12.93%

Gross profit growth (Q)

1.84%

Gross profit growth 3Y

8.68%

Gross profit growth 5Y

6.72%

Net income growth

-28.36%

Net income growth (Q)

13.09%

Net income growth (QoQ)

58.84%

Net income growth 5Y

0.66%

Net income growth quarters

Net income growth years

OCF growth

3.97%

OCF growth (Q)

27.14%

OCF growth (QoQ)

-0.86%

OCF growth 10Y

3.93%

OCF growth 3Y

0.01%

OCF growth 5Y

5.06%

Operating income growth

25.62%

Operating income growth (Q)

13.94%

Operating income growth 3Y

7.82%

Operating income growth 5Y

7.44%

Revenue growth

14.97%

Revenue growth (Q)

2.61%

Revenue growth (QoQ)

8.82%

Revenue growth 10Y

3.34%

Revenue growth 3Y

9.61%

Revenue growth 5Y

8.47%

Revenue growth quarters

Revenue growth years

Metric

Value

Capital expenditures

EUR -772.7M

Depreciation and amortization

EUR 668.7M

EBIT

EUR 1.8B

EBITDA

EUR 2.5B

EPS

EUR 6.45

Financing cash flow

EUR -946.7M

Free cash flow

EUR 1.1B

Free cash flow minus SBC

EUR 1.1B

Gross profit

EUR 5.4B

Income taxes

EUR 295.5M

Investing cash flow

EUR -884.9M

Net borrowing

EUR -2.1B

Net cash flow

EUR 36.8M

Net income

EUR 855.4M

Operating cash flow minus SBC

EUR 1.8B

Operating income

EUR 1.8B

Revenue

EUR 12.1B

Stock-based compensation

EUR 17.1M

Metric

Value

Altman Z-Score

1.51

Book value per share

EUR 28.80

Debt / EBITDA

3.16

Debt / equity

1.34

Debt / FCF

7.37

Goodwill

EUR 8B

Interest coverage

5.62

Long-term assets

EUR 17.1B

Long-term liabilities

EUR 8.6B

Net cash (debt)

EUR -6.7B

Net cash / market cap

-38.57%

Net debt / EBITDA

2.74

Net debt / equity

1.13

Net debt / FCF

6.18

Piotroski F-Score

Property, plant and equipment

EUR 4.6B

Shareholders' equity

EUR 6B

Tangible book value

EUR -5.6B

Tangible book value per share

EUR -56.18

Total assets

EUR 21.9B

Total cash

EUR 1.3B

Total debt

EUR 8B

Total liabilities

EUR 15.9B

Metric

Value

Asset turnover

0.57

Current assets

EUR 4.8B

Current liabilities

EUR 7.3B

Current ratio

0.66

Inventory turnover

6.24

Net working capital

EUR -2.6B

Quick ratio

0.51

Working capital

EUR -2.5B

Working capital turnover

-0.72

Metric

Value

Buyback yield / dilution

0.06%

Dividend growth

7.21%

Dividend growth (3Y)

2.24%

Dividend growth (5Y)

5.57%

Dividend growth years

Dividend payment date

2026-03-19

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

EUR 3.88

Dividend yield

3.01%

Ex-dividend date

2026-03-17

Last dividend

EUR 3.88

Payout ratio

60.11%

Shareholder yield

3.07%

Metric

Value

150-day SMA

EUR 117.38

1D price change

1.06%

1M price change

11.94%

1M total return

11.94%

1W price change

0.59%

1W total return

0.59%

1Y price change

23%

1Y return CAGR

27.13%

1Y total return

27.11%

20-day SMA

EUR 121.69

200-day SMA

EUR 118.33

3M price change

5.74%

3M total return

5.74%

3Y price change

11.7%

3Y return CAGR

6.98%

3Y total return

22.45%

50-day SMA

EUR 118.40

50-day SMA vs 200-day SMA

50over200

52-week high

EUR 135.05

52-week high date

2026-02-12

52-week low

EUR 101.30

52-week low date

2025-11-18

5Y price change

-10.7%

5Y return CAGR

0.72%

5Y total return

3.65%

6M price change

19.68%

6M total return

19.68%

All-time high

EUR 159.55

All-time high date

2021-07-01

All-time low

EUR 88.14

All-time low date

2020-03-18

Average true range (ATR)

EUR 1.87

Average volume

Change from 52-week high

-4.55%

Change from 52-week low

27.25%

Change from all-time high

-19.21%

Change from all-time low

46.24%

Change from open

0.31%

Day's gap

0.74%

High price

EUR 128.90

Low price

EUR 128.35

Monthly RSI

55.87

Open price

EUR 128.50

Position in 52-week range

100%

Previous close

EUR 127.55

Price vs 150-day SMA

9.81%

Price vs 20-day SMA

5.93%

Price vs 200-day SMA

8.93%

Price vs 50-day SMA

8.87%

Relative volume

RSI

68.07

Sharpe ratio

0.96

Sharpe ratio (3Y)

0.27

Sharpe ratio (5Y)

-0.04

Sortino ratio

1.72

Sortino ratio (3Y)

0.63

Sortino ratio (5Y)

0.19

Weekly RSI

60.43

YTD price change

15.66%

YTD total return

19.53%

Metric

Value

Float

132.1M

Shares change (QoQ)

-0.51%

Shares change (YoY)

-0.06%

Shares held by insiders

0.03%

Shares held by institutions

30%

VIE/CARL (VIE/CARL)

Price

Financial snapshot

Fair-value bridge

Latest news · VIE/CARL

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All VIE/CARL indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on VIE/CARL

Frequently asked questions

VIE/CARL (VIE/CARL)

Price

Financial snapshot

Fair-value bridge

Latest news · VIE/CARL

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All VIE/CARL indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on VIE/CARL

Frequently asked questions