Carlsberg AS ADR
CABGY: PINX (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$35.00 | Dymy | Xctbkhhx |
Carlsberg Has Transformed Its Financial Profile and We Expect Further Improvement To Come
Business Strategy and Outlook
Carlsberg has a reasonably strong namesake brand and a portfolio of superpremium brands that position it well for ongoing premiumisation. It has strong positions in a cluster of generally small markets, notably the Nordics and western China, but is a second-tier player in other larger markets such as the U.K., Germany and Vietnam.