RBREW Stock Analysis: Royal Unibrew | CO
Beverages - Brewers | CO, Denmark | Market Cap: 22.769m DKK | 12M Return: -2.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 56.2M
EPS Trend: 98.0%
Qual. Beats: 3
Rev. Trend: 95.3%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Royal Unibrew A/S is a Denmark-headquartered beverage company founded in 1901 (formerly Bryggerigruppen A/S, renamed in 2005) that produces, markets, and distributes a broad portfolio of drinks across more than a dozen European markets, including the Nordics, Germany, Italy, the Benelux, the Baltics, and France. Its offering spans soft drinks, energy drinks, bottled water, malt beverages, beer, ready-to-drink cocktails, ciders, juice, enhanced/sports drinks, and tea and coffee, supported by a large brand portfolio built through both organic development and acquisitions (e.g., Faxe, Ceres, Hansa, Lapin Kulta, Hartwall, Looza, and Vilkmerges).
Although classified under the Brewers sub-industry, Royal Unibrew operates a multi-category beverage model that uses its route-to-market and cold-chain logistics across the Nordics and other regions to sell non-beer categories alongside its beer brands, a strategy that diversifies revenue away from cyclical beer consumption and leverages shared distribution scale. Its geographic footprint extends well beyond its Danish home market, making it a regional consolidator in the Northern European beverage space.
- Energy drink and RTD portfolio drives Nordic volume growth
- Input cost inflation pressures beer and soft drink margins
- M&A pipeline targets bolt-on beverage acquisitions in Europe
| Net Income: 1.60b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.75 > 1.0 |
| NWC/Revenue: -11.29% < 20% (prev -12.21%; Δ 0.92% < -1%) |
| CFO/TA 0.13 > 3% & CFO 2.44b > Net Income 1.60b |
| Net Debt (6.33b) to EBITDA (2.68b): 2.37 < 3 |
| Current Ratio: 0.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (48.9m) vs 12m ago -3.82% < -2% |
| Gross Margin: 43.13% > 18% (prev 42.74%; Δ 0.38% > 0.5%) |
| Asset Turnover: 84.24% > 50% (prev 80.19%; Δ 4.05% > 0%) |
| Interest Coverage Ratio: 7.00 > 6 (EBIT TTM 1.93b / Interest Expense TTM 275.0m) |
| A: -0.09 (Total Current Assets 3.74b - Total Current Liabilities 5.53b) / Total Assets 18.8b |
| B: 0.24 (Retained Earnings 4.45b / Total Assets 18.8b) |
| C: 0.10 (EBIT TTM 1.93b / Avg Total Assets 18.8b) |
| D: 0.58 (Book Value of Equity 6.91b / Total Liabilities 11.9b) |
| Altman-Z'' = 1.44 = BB |
| DSRI: 0.98 (Receivables 2.09b/2.03b, Revenue 15.8b/15.0b) |
| GMI: 0.99 (GM 42.74% / 43.13%) |
| AQI: 1.00 (AQ_t 0.52 / AQ_t-1 0.52) |
| SGI: 1.05 (Revenue 15.8b / 15.0b) |
| TATA: -0.04 (NI 1.60b - CFO 2.44b) / TA 18.8b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of July 19, 2026, the stock is trading at DKK 481.00 with a total of 155,747 shares traded. Over the past week, the price has changed by +3.17%, over one month by +15.13%, over three months by -10.79% and over the past year by -2.81%.
Current recommended Stop Loss: 469.30 (which is 2.4% or 1.3 ATR below the current price).
Royal Unibrew has no consensus analysts rating.
P/E Trailing = 14.7708
P/E Forward = 14.0252
P/S = 1.4385
P/B = 3.2965
P/EG = 7.7908
Revenue TTM = 15.8b DKK
EBIT TTM = 1.93b DKK
EBITDA TTM = 2.68b DKK
Long Term Debt = 5.08b DKK (from longTermDebt, last quarter)
Short Term Debt = 1.30b DKK (from shortTermDebt, last quarter)
Debt = 6.38b DKK (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.33b DKK (calculated: Debt 6.38b - CCE 41.0m)
Enterprise Value = 29.1b DKK (22.8b + Debt 6.38b - CCE 41.0m)
Interest Coverage Ratio = 7.00 (Ebit TTM 1.93b / Interest Expense TTM 275.0m)
EV/FCF = 17.64x (Enterprise Value 29.1b / FCF TTM 1.65b)
FCF Yield = 5.67% (FCF TTM 1.65b / Enterprise Value 29.1b)
FCF Margin = 10.42% (FCF TTM 1.65b / Revenue TTM 15.8b)
Net Margin = 10.13% (Net Income TTM 1.60b / Revenue TTM 15.8b)
Gross Margin = 43.13% ((Revenue TTM 15.8b - Cost of Revenue TTM 9.00b) / Revenue TTM)
Gross Margin QoQ = 40.59% (prev 40.26%)
Tobins Q-Ratio = 1.55 (Enterprise Value 29.1b / Total Assets 18.8b)
Interest Expense / Debt = 4.31% (Interest Expense 275.0m / Debt 6.38b)
Taxrate = 20.63% (417.0m / 2.02b)
NOPAT = 1.53b (EBIT 1.93b * (1 - 20.63%))
Current Ratio = 0.68 (Total Current Assets 3.74b / Total Current Liabilities 5.53b)
Debt / Equity = 0.92 (Debt 6.38b / totalStockholderEquity, last quarter 6.91b)
Debt / EBITDA = 2.37 (Net Debt 6.33b / EBITDA 2.68b)
Debt / FCF = 3.84 (Net Debt 6.33b / FCF TTM 1.65b)
Total Stockholder Equity = 6.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.54% (Net Income 1.60b / Total Assets 18.8b)
RoE = 24.44% (Net Income TTM 1.60b / Total Stockholder Equity 6.56b)
RoCE = 16.55% (EBIT 1.93b / Capital Employed (Equity 6.56b + L.T.Debt 5.08b))
RoIC = 10.51% (NOPAT 1.53b / Invested Capital 14.5b)
WACC = 4.67% (E(22.8b)/V(29.1b) * Re(5.02%) + D(6.38b)/V(29.1b) * Rd(4.31%) * (1-Tc(0.21)))
Discount Rate = 5.02% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -56.03 | Cagr: -1.07%
[DCF] Terminal Value 77.97% ; FCFF base≈1.52b ; Y1≈1.74b ; Y5≈2.56b
[DCF] Fair Price = 673.6 (EV 38.5b - Net Debt 6.33b = Equity 32.2b / Shares 47.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.01 | EPS CAGR: 17.76% | SUE: 0.98 | # QB: 3
Revenue Correlation: 95.29 | Revenue CAGR: 10.42% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=11.45 | Chg30d=+1.63% | Revisions=+25% | Analysts=5
EPS next Quarter (2026-09-30): EPS=12.02 | Chg30d=+0.40% | Revisions=+25% | Analysts=4
EPS current Year (2026-12-31): EPS=34.43 | Chg30d=+0.65% | Revisions=+50% | GrowthEPS=+10.0% | GrowthRev=+0.4%
EPS next Year (2027-12-31): EPS=38.01 | Chg30d=+0.36% | Revisions=+29% | GrowthEPS=+10.4% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: +58% (up=8, down=1)