DKK878.80
0.27% today
Copenhagen, Apr 03, 04:59 pm CET
ISIN
DK0010181759
Symbol
CARL B
Industry

Carlsberg Target price 2025 - Analyst rating & recommendation

Carlsberg Classifications & Recommendation:

Buy
60%
Hold
32%
Sell
8%

Carlsberg Price Target

Target Price DKK950.52
Price DKK878.80
Potential
Number of Estimates 23
23 Analysts have issued a price target Carlsberg 2026 . The average Carlsberg target price is DKK950.52. This is higher than the current stock price. The highest price target is
DKK1,190.00 35.41%
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, the lowest is
DKK650.00 26.04%
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.
A rating was issued by 25 analysts: 15 Analysts recommend Carlsberg to buy, 8 to hold and 2 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Carlsberg stock has an average upside potential 2026 of . Most analysts recommend the Carlsberg stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2029

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Dec '24 2025
Estimates
Revenue Billion DKK 75.01 93.39
1.94% 24.51%
EBITDA Margin 20.09% 20.55%
1.40% 2.27%
Net Margin 9.11% 8.02%
116.92% 11.92%

23 Analysts have issued a sales forecast Carlsberg 2025 . The average Carlsberg sales estimate is

DKK93.4b
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. This is
24.57% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
DKK95.8b 27.78%
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, the lowest is
DKK89.2b 19.02%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 DKK75.0b 1.94%
2025
DKK93.4b 24.51%
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2026
DKK98.8b 5.77%
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2027
DKK103b 4.06%
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2028
DKK109b 5.84%
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2029
DKK116b 6.37%
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20 Analysts have issued an Carlsberg EBITDA forecast 2025. The average Carlsberg EBITDA estimate is

DKK19.2b
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. This is
27.18% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
DKK20.7b 37.04%
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, the lowest is
DKK18.3b 21.05%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2024 DKK15.1b 3.36%
2025
DKK19.2b 27.35%
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2026
DKK20.9b 8.78%
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2027
DKK22.3b 6.63%
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2028
DKK23.1b 3.61%
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2029
DKK27.3b 18.31%
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EBITDA Margin

2024 20.09% 1.40%
2025
20.55% 2.27%
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2026
21.14% 2.87%
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2027
21.66% 2.46%
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2028
21.20% 2.12%
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2029
23.58% 11.23%
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19 Carlsberg Analysts have issued a net profit forecast 2025. The average Carlsberg net profit estimate is

DKK7.5b
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. This is
10.68% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
DKK9.4b 39.01%
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, the lowest is
DKK6.5b 3.71%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 DKK6.8b 117.25%
2025
DKK7.5b 9.69%
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2026
DKK8.8b 17.76%
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2027
DKK9.7b 9.95%
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2028
DKK11.6b 19.65%
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2029
DKK14.1b 21.06%
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Net Margin

2024 9.11% 116.92%
2025
8.02% 11.92%
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2026
8.93% 11.35%
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2027
9.44% 5.71%
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2028
10.67% 13.03%
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2029
12.14% 13.78%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029

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Dec '24 2025
Estimates
Earnings Per Share DKK 51.71 56.72
117.25% 9.69%
P/E 15.45
EV/Sales 1.55

19 Analysts have issued a Carlsberg forecast for earnings per share. The average Carlsberg EPS is

DKK56.72
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. This is
10.67% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
DKK71.24 39.00%
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, the lowest is
DKK49.35 3.71%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 DKK51.71 117.25%
2025
DKK56.72 9.69%
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2026
DKK66.80 17.77%
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2027
DKK73.44 9.94%
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2028
DKK87.87 19.65%
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2029
DKK106.38 21.07%
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P/E ratio

Current 17.10 642.86%
2025
15.45 9.65%
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2026
13.12 15.08%
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2027
11.93 9.07%
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2028
9.97 16.43%
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2029
8.24 17.35%
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Based on analysts' sales estimates for 2025, the Carlsberg stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.94 6.28%
2025
1.55 19.90%
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2026
1.47 5.46%
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2027
1.41 3.91%
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2028
1.33 5.51%
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2029
1.25 5.99%
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P/S ratio

Current 1.54 10.23%
2025
1.24 19.72%
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2026
1.17 5.45%
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2027
1.13 3.91%
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2028
1.06 5.52%
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2029
1.00 5.99%
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Current Carlsberg Upgrades & Downgrades

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Analyst Rating Action Date
BNP PARIBAS EXANE
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REDBURN ATLANTIC
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DNB MARKETS
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Analyst Rating Date
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BNP PARIBAS EXANE:
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Dec 08 2024
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HSBC:
Locked
Locked
Nov 24 2024
Locked
REDBURN ATLANTIC:
Locked
Locked
Nov 14 2024
Locked
BNP PARIBAS EXANE:
Locked
Locked
Nov 13 2024
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DNB MARKETS:
Locked
Locked
Oct 30 2024

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