Carlsberg AS Class B
CARL B: XCSE (DNK)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
DKK 927.00 | Zpxs | Yrvqhwpx |
Carlsberg's Medium-Term Guidance Impresses, but May Not Be Maintainable
Business Strategy and Outlook
Carlsberg has a reasonably strong namesake brand and a portfolio of superpremium brands that position it well for ongoing premiumization. It has strong positions in a cluster of generally small markets, notably Scandinavia and western China, but is a second-tier player in other larger markets such as the UK, Germany and Vietnam.