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Carlsberg AS (WBO:CARL) Enterprise Value : €20,462 Mil (As of May. 05, 2025)


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What is Carlsberg AS Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Carlsberg AS's Enterprise Value is €20,462 Mil. Carlsberg AS's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was €1,534 Mil. Therefore, Carlsberg AS's EV-to-EBIT ratio for today is 13.34.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Carlsberg AS's Enterprise Value is €20,462 Mil. Carlsberg AS's EBITDA for the trailing twelve months (TTM) ended in Dec. 2024 was €2,110 Mil. Therefore, Carlsberg AS's EV-to-EBITDA ratio for today is 9.70.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Carlsberg AS's Enterprise Value is €20,462 Mil. Carlsberg AS's Revenue for the trailing twelve months (TTM) ended in Dec. 2024 was €10,049 Mil. Therefore, Carlsberg AS's EV-to-Revenue ratio for today is 2.04.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Carlsberg AS's Enterprise Value is €20,462 Mil. Carlsberg AS's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2024 was €842 Mil. Therefore, Carlsberg AS's EV-to-FCF ratio for today is 24.30.


Carlsberg AS Enterprise Value Historical Data

The historical data trend for Carlsberg AS's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Carlsberg AS Enterprise Value Chart

Carlsberg AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22,669.35 24,858.27 20,148.88 18,736.82 16,302.15

Carlsberg AS Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20,148.88 23,451.73 18,736.82 18,640.91 16,302.15

Competitive Comparison of Carlsberg AS's Enterprise Value

For the Beverages - Brewers subindustry, Carlsberg AS's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Carlsberg AS's Enterprise Value Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg AS's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Carlsberg AS's Enterprise Value falls into.


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Carlsberg AS Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Carlsberg AS's Enterprise Value for the fiscal year that ended in Dec. 2024 is calculated as

Carlsberg AS's Enterprise Value for the quarter that ended in Dec. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Carlsberg AS  (WBO:CARL) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Carlsberg AS's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=20462.149/1533.605
=13.34

Carlsberg AS's current Enterprise Value is €20,462 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Carlsberg AS's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was €1,534 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Carlsberg AS's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=20462.149/2110.247
=9.70

Carlsberg AS's current Enterprise Value is €20,462 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Carlsberg AS's EBITDA for the trailing twelve months (TTM) ended in Dec. 2024 was €2,110 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Carlsberg AS's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=20462.149/10049.19
=2.04

Carlsberg AS's current Enterprise Value is €20,462 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Carlsberg AS's Revenue for the trailing twelve months (TTM) ended in Dec. 2024 was €10,049 Mil.

4. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Carlsberg AS's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=20462.149/841.975
=24.30

Carlsberg AS's current Enterprise Value is €20,462 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Carlsberg AS's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2024 was €842 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Carlsberg AS Enterprise Value Related Terms

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Carlsberg AS Business Description

Address
J.C. Jacobsens Gade 1, Copenhagen, DNK, 1799
Carlsberg is the third-largest brewer in the world after Anheuser-Busch InBev and Heineken. It holds leading share in Scandinavia, western China, and several other markets in Asia. Its key brands include Carlsberg, 1664, Tuborg, Holsten, and Somersby. The company's 2024 beverage volume was split among Western Europe (34%), Eastern Europe and India (30%), and Asia (36%).

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