CARLSBERG A/S

CARL B
Delayed Quote. Delayed  - 10/22 10:59:49 am
1062DKK +1.92%
Valuation
Fiscal Period: December 2020 2021
Capitalization1 142 676157 134
Entreprise Value (EV)1 163 939178 996
P/E ratio 23,7x23,0x
Yield 2,26%2,22%
Capitalization / Revenue 2,44x2,40x
EV / Revenue 2,80x2,74x
EV / EBITDA 11,6x11,8x
Price to Book 3,60x3,84x
Nbr of stocks (in thousands) 145 102142 788
Reference price (DKK) 9751 062
Announcement Date 02/05/2021-
Previous period Next period
1 DKK in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 58 54165 364
EBITDA1 14 08515 190
Operating profit (EBIT)1 9 69910 749
Operating Margin 16,6%16,4%
Pre-Tax Profit (EBT)1 9 04110 095
Net income1 6 0306 654
Net margin 10,3%10,2%
EPS2 41,146,2
Dividend per Share2 22,023,6
Announcement Date 02/05/2021-
Previous period Next period
1 DKK in Million
2 DKK
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 21 26321 863
Net Cash position1 --
Leverage (Debt / EBITDA) 1,51x1,44x
Free Cash Flow1 5 0578 242
ROE (Net Profit / Equities) 15,4%16,6%
Shareholders' equity1 39 21340 043
ROA (Net Profit / Asset) 4,99%5,24%
Assets1 120 939126 972
Book Value Per Share2 271277
Cash Flow per Share2 74,890,6
Capex1 4 3964 289
Capex / Sales 7,51%6,56%
Announcement Date 02/05/2021-
Previous period Next period
1 DKK in Million
2 DKK
Financial Ratios
Size 2021e 2022e
Capitalization 157 134 M DKK -
Entreprise Value (EV) 178 996 M DKK 178 160 M DKK
Valuation 2021e 2022e
P/E ratio (Price / EPS) 23,0x 20,5x
Capitalization / Revenue 2,40x 2,22x
EV / Revenue 2,74x 2,53x
EV / EBITDA 11,8x 11,0x
Yield (DPS / Price) 2,22% 2,47%
Price to book (Price / BVPS) 3,84x 3,78x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 16,4% 16,4%
Operating Leverage (Delta EBIT / Delta Sales) 0,93x 0,97x
Net Margin (Net Profit / Revenue) 10,2% 10,3%
ROA (Net Profit / Asset) 5,24% 5,52%
ROE (Net Profit / Equities) 16,6% 18,0%
Rate of Dividend 51,0% 50,6%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   6,56% 6,73%
Cash Flow / Sales 19,8% 18,1%
Capital Intensity (Assets / Sales) 1,94x 1,87x
Financial Leverage (Net Debt / EBITDA) 1,44x 1,29x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend