Royal Unibrew A/S

CPSE:RBREW Stock Report

Market Cap: DKK 26.8b

Royal Unibrew Valuation

Is RBREW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of RBREW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: RBREW (DKK549.5) is trading below our estimate of future cash flow value (DKK1126.82)

Significantly Below Future Cash Flow Value: RBREW is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RBREW?

Key metric: As RBREW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RBREW. This is calculated by dividing RBREW's market cap by their current earnings.
What is RBREW's PE Ratio?
PE Ratio17.2x
EarningsDKK 1.56b
Market CapDKK 26.81b

Price to Earnings Ratio vs Peers

How does RBREW's PE Ratio compare to its peers?

The above table shows the PE ratio for RBREW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18x
CARL B Carlsberg
18.7x13.19%DKK 114.5b
HARB B Harboes Bryggeri
16.7xn/aDKK 467.0m
SCHO Aktieselskabet Schouw
23.3x36.29%DKK 15.1b
UIE UIE
13.3xn/aDKK 11.8b
RBREW Royal Unibrew
17.2x7.64%DKK 26.8b

Price-To-Earnings vs Peers: RBREW is good value based on its Price-To-Earnings Ratio (17.2x) compared to the peer average (18x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does RBREW's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RBREW 17.2xIndustry Avg. 17.2xNo. of Companies10PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RBREW is good value based on its Price-To-Earnings Ratio (17.2x) compared to the European Beverage industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is RBREW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RBREW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.2x
Fair PE Ratio13.3x

Price-To-Earnings vs Fair Ratio: RBREW is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RBREW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 549.50
DKK 652.57
+18.76%
9.89%DKK 720.00DKK 500.00n/a14
Apr ’27DKK 535.00
DKK 650.73
+21.63%
10.14%DKK 720.00DKK 500.00n/a15
Mar ’27DKK 623.00
DKK 639.47
+2.64%
10.25%DKK 720.00DKK 500.00n/a15
Feb ’27DKK 591.00
DKK 622.14
+5.27%
11.90%DKK 710.00DKK 425.00n/a15
Jan ’27DKK 574.50
DKK 597.29
+3.97%
10.54%DKK 690.00DKK 425.00n/a14
Dec ’26DKK 569.50
DKK 597.29
+4.88%
10.54%DKK 690.00DKK 425.00n/a14
Nov ’26DKK 489.60
DKK 575.18
+17.48%
11.15%DKK 650.00DKK 400.00n/a12
Oct ’26DKK 482.60
DKK 575.65
+19.28%
11.63%DKK 650.00DKK 400.00n/a11
Sep ’26DKK 493.20
DKK 571.55
+15.89%
11.46%DKK 650.00DKK 400.00n/a11
Aug ’26DKK 485.00
DKK 592.26
+22.12%
9.29%DKK 670.00DKK 460.00n/a12
Jul ’26DKK 527.00
DKK 594.76
+12.86%
9.11%DKK 670.00DKK 460.00n/a12
Jun ’26DKK 545.50
DKK 596.43
+9.34%
9.00%DKK 670.00DKK 460.00n/a12
May ’26DKK 530.50
DKK 598.37
+12.79%
10.05%DKK 690.00DKK 460.00n/a11
Apr ’26DKK 555.00
DKK 607.55
+9.47%
10.63%DKK 690.00DKK 460.00DKK 535.0011
Mar ’26DKK 548.50
DKK 602.80
+9.90%
11.51%DKK 690.00DKK 460.00DKK 623.0010
Feb ’26DKK 497.00
DKK 588.30
+18.37%
13.11%DKK 690.00DKK 440.00DKK 591.0010
Jan ’26DKK 505.50
DKK 598.40
+18.38%
13.29%DKK 694.00DKK 440.00DKK 574.5010
Dec ’25DKK 531.50
DKK 598.40
+12.59%
13.29%DKK 694.00DKK 440.00DKK 569.5010
Nov ’25DKK 523.00
DKK 591.90
+13.17%
15.06%DKK 694.00DKK 440.00DKK 489.6010
Oct ’25DKK 549.00
DKK 586.90
+6.90%
16.03%DKK 694.00DKK 410.00DKK 482.6010
Sep ’25DKK 560.00
DKK 568.40
+1.50%
18.24%DKK 694.00DKK 410.00DKK 493.2010
Aug ’25DKK 532.50
DKK 568.40
+6.74%
18.24%DKK 694.00DKK 410.00DKK 485.0010
Jul ’25DKK 556.00
DKK 559.50
+0.63%
16.98%DKK 680.00DKK 410.00DKK 527.0010
Jun ’25DKK 563.00
DKK 545.00
-3.20%
17.26%DKK 680.00DKK 410.00DKK 545.5010
May ’25DKK 524.00
DKK 529.00
+0.95%
15.28%DKK 655.00DKK 410.00DKK 530.5010
Apr ’25DKK 456.70
DKK 500.30
+9.55%
18.43%DKK 673.00DKK 350.00DKK 555.0010
DKK 652.57
Fair Value
15.8% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/13 12:30
End of Day Share Price 2026/04/13 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Royal Unibrew A/S is covered by 25 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Javier Gonzalez-LastraBerenberg
Nadine SarwatBernstein
Matthew FordBNP Paribas