DKK812.40
0.29% today
Copenhagen, Aug 12, 01:43 pm CET
ISIN
DK0010181759
Symbol
CARL B

Carlsberg Target price 2025 - Analyst rating & recommendation

Carlsberg Classifications & Recommendation:

Buy
64%
Hold
29%
Sell
7%

Carlsberg Price Target

Target Price DKK1,020.00
Price DKK814.80
Potential
Number of Estimates 23
23 Analysts have issued a price target Carlsberg 2026 . The average Carlsberg target price is DKK1,020.00. This is higher than the current stock price. The highest price target is
DKK1,323.00 62.37%
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, the lowest is
DKK698.92 14.22%
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.
A rating was issued by 28 analysts: 18 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 2030

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Dec '24 2025
Estimates
Revenue Billion DKK 75.01 92.79
1.94% 23.70%
EBITDA Margin 16.73% 20.57%
1.40% 22.95%
Net Margin 12.15% 8.42%
121.92% 30.72%

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

DKK92.8b
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. This is
23.70% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
DKK98.8b 31.77%
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, the lowest is
DKK87.8b 17.10%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 DKK75.0b 1.94%
2025
DKK92.8b 23.70%
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2026
DKK97.1b 4.61%
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2027
DKK100b 3.47%
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2028
DKK106b 5.60%
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2029
DKK112b 5.53%
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2030
DKK98.5b 12.01%
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20 Analysts have issued an Carlsberg EBITDA forecast 2025. The average Carlsberg EBITDA estimate is

DKK19.1b
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. This is
25.88% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
DKK21.4b 41.29%
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, the lowest is
DKK17.4b 14.53%
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.

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

EBITDA Estimates

2024 DKK12.6b 3.36%
2025
DKK19.1b 52.10%
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2026
DKK20.6b 7.93%
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2027
DKK21.9b 6.19%
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2028
DKK22.8b 4.09%
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2029
DKK27.3b 19.85%
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2030
DKK24.1b 11.59%
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EBITDA Margin

2024 16.73% 1.40%
2025
20.57% 22.95%
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2026
21.22% 3.16%
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2027
21.78% 2.64%
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22 Carlsberg Analysts have issued a net profit forecast 2025. The average Carlsberg net profit estimate is

DKK7.8b
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. This is
14.31% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
DKK8.8b 3.93%
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, the lowest is
DKK7.2b 21.12%
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.

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

Net Profit Estimates

2024 DKK9.1b 122.35%
2025
DKK7.8b 14.31%
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2026
DKK8.9b 13.74%
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2027
DKK9.7b 9.47%
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Net Margin

2024 12.15% 121.92%
2025
8.42% 30.72%
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2026
9.15% 8.67%
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2027
9.68% 5.79%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2030

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Dec '24 2025
Estimates
Earnings Per Share DKK 68.58 59.14
122.88% 13.76%
P/E 13.78
EV/Sales 1.47

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

DKK59.14
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. This is
15.25% lower
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than earnings per share in the financial year 2024. The highest EPS forecast is
DKK66.31 4.97%
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, the lowest is
DKK54.44 21.98%
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.

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

Earnings Per Share

2024 DKK68.58 122.88%
2025
DKK59.14 13.76%
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2026
DKK67.27 13.75%
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2027
DKK73.64 9.47%
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2028
DKK85.09 15.55%
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2029
DKK101.56 19.36%
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P/E ratio

Current 11.68 536.77%
2025
13.78 18.01%
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2026
12.11 12.12%
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2027
11.06 8.67%
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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 1.81 3.72%
2025
1.47 18.97%
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2026
1.40 4.40%
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2027
1.36 3.35%
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P/S ratio

Current 1.46 4.17%
2025
1.18 19.16%
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2026
1.13 4.40%
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2027
1.09 3.36%
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Current Carlsberg Upgrades & Downgrades

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Analyst Rating Action Date
BERENBERG
Locked
Locked
Locked Jun 30 2025
ESN/CIC MARKET SOLUTIONS
Locked
Locked
Locked Jun 26 2025
JEFFERIES
Locked
Locked
Locked Jun 19 2025
ROTHSCHILD & CO REDBURN
Locked
Locked
Locked Jun 16 2025
HSBC
Locked
Locked
Locked May 25 2025
DNB CARNEGIE
Locked
Locked
Locked Apr 29 2025
ESN/CIC MARKET SOLUTIONS
Locked
Locked
Locked Apr 01 2025
Analyst Rating Date
Locked
BERENBERG:
Locked
Locked
Jun 30 2025
Locked
ESN/CIC MARKET SOLUTIONS:
Locked
Locked
Jun 26 2025
Locked
JEFFERIES:
Locked
Locked
Jun 19 2025
Locked
ROTHSCHILD & CO REDBURN:
Locked
Locked
Jun 16 2025
Locked
HSBC:
Locked
Locked
May 25 2025
Locked
DNB CARNEGIE:
Locked
Locked
Apr 29 2025
Locked
ESN/CIC MARKET SOLUTIONS:
Locked
Locked
Apr 01 2025

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