Carlsberg A/S ADR
CABGY: PINX (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $54.00 | Wqs | Sqjrswnzh |
Carlsberg's Medium-Term Guidance Is Impressive, 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 premiumisation. 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.