CARLSBERG B DK20 ADR 1/5 (CBGC) - Net Assets
Based on the latest financial reports, CARLSBERG B DK20 ADR 1/5 (CBGC) has net assets worth €30.68 Billion EUR (≈ $35.86 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€153.96 Billion ≈ $179.99 Billion USD) and total liabilities (€123.28 Billion ≈ $144.13 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of CARLSBERG B DK20 ADR 1/5 to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €30.68 Billion |
| % of Total Assets | 19.93% |
| Annual Growth Rate | -4.04% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 18.34 |
CARLSBERG B DK20 ADR 1/5 - Net Assets Trend (2022–2025)
This chart illustrates how CARLSBERG B DK20 ADR 1/5's net assets have evolved over time, based on quarterly financial data. Also explore CARLSBERG B DK20 ADR 1/5 assets under control for the complete picture of this company's asset base.
Annual Net Assets for CARLSBERG B DK20 ADR 1/5 (2022–2025)
The table below shows the annual net assets of CARLSBERG B DK20 ADR 1/5 from 2022 to 2025. For live valuation and market cap data, see how much is CARLSBERG B DK20 ADR 1/5 worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €30.68 Billion ≈ $35.86 Billion |
+0.21% |
| 2024-12-31 | €30.61 Billion ≈ $35.79 Billion |
+18.89% |
| 2023-12-31 | €25.75 Billion ≈ $30.10 Billion |
-25.84% |
| 2022-12-31 | €34.72 Billion ≈ $40.59 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to CARLSBERG B DK20 ADR 1/5's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 60.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €28.34 Billion | 101.95% |
| Total Equity | €27.80 Billion | 100.00% |
CARLSBERG B DK20 ADR 1/5 Competitors by Market Cap
The table below lists competitors of CARLSBERG B DK20 ADR 1/5 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sociedad Quimica y Minera de Chile SA ADR B
NYSE:SQM
|
$12.20 Billion |
|
TELE2 AB UNSP.ADR/1/2 B
F:NCY
|
$12.21 Billion |
|
Hyundai Engineering & Construction
KO:000720
|
$12.21 Billion |
|
Industrial Bank Of Korea
KO:024110
|
$12.21 Billion |
|
Jazz Pharmaceuticals PLC
NASDAQ:JAZZ
|
$12.20 Billion |
|
Ionis Pharmaceuticals Inc
NASDAQ:IONS
|
$12.19 Billion |
|
Equity Lifestyle Properties Inc
NYSE:ELS
|
$12.18 Billion |
|
HubSpot Inc
NYSE:HUBS
|
$12.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CARLSBERG B DK20 ADR 1/5's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,771,000,000 to 27,804,000,000, a change of 33,000,000 (0.1%).
- Net income of 5,955,000,000 contributed positively to equity growth.
- Dividend payments of 3,569,000,000 reduced retained earnings.
- Share repurchases of 4,000,000 reduced equity.
- Other factors decreased equity by 2,349,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.96 Billion | +21.42% |
| Dividends Paid | €3.57 Billion | -12.84% |
| Share Repurchases | €4.00 Million | -0.01% |
| Other Changes | €-2.35 Billion | -8.45% |
| Total Change | €- | 0.12% |
Book Value vs Market Value Analysis
This analysis compares CARLSBERG B DK20 ADR 1/5's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.10x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | €232.28 | €21.20 | x |
| 2023-12-31 | €173.24 | €21.20 | x |
| 2024-12-31 | €210.26 | €21.20 | x |
| 2025-12-31 | €210.36 | €21.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CARLSBERG B DK20 ADR 1/5 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.68%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 5.54x
- Recent ROE (21.42%) is above the historical average (-31.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -3.33% | -1.51% | 0.61x | 3.62x | €-4.25 Billion |
| 2023 | -175.55% | -55.43% | 0.66x | 4.81x | €-43.11 Billion |
| 2024 | 32.83% | 12.15% | 0.66x | 4.10x | €6.34 Billion |
| 2025 | 21.42% | 6.68% | 0.58x | 5.54x | €3.17 Billion |
Industry Comparison
This section compares CARLSBERG B DK20 ADR 1/5's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $152,276,209,161
- Average return on equity (ROE) among peers: 5.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CARLSBERG B DK20 ADR 1/5 (CBGC) | €30.68 Billion | -3.33% | 4.02x | $12.20 Billion |
| MOLSON COORS CDA EXCH.B (65K) | $13.66 Billion | 7.36% | 1.02x | $308.52 Million |
| AKTIENBRAU.KAUFBEUR (ABK) | $6.04 Million | 11.76% | 1.43x | $5.45 Million |
| Ambev S.A. (AMNA) | $99.58 Billion | 14.50% | 0.63x | $43.57 Billion |
| BHB Brauholding Bayern-Mitte AG (B9B) | $10.79 Million | 2.45% | 0.23x | $6.56 Million |
| Compañía Cervecerías Unidas S.A (CVU) | $1.23 Trillion | 10.56% | 0.61x | $1.90 Billion |
| C&C Group PLC (GCC) | $446.10 Million | -23.43% | 1.99x | $504.62 Million |
| Kulmbacher Brauerei Aktien-Gesellschaft (KUL) | $80.86 Million | 10.60% | 2.02x | $124.32 Million |
| Park & Bellheimer AG (PKB) | $9.34 Million | 0.06% | 2.52x | $11.60 Million |
| Tsingtao Brewery Company Limited (TSI) | $29.86 Billion | 14.55% | 0.72x | $4.38 Billion |
About CARLSBERG B DK20 ADR 1/5
Carlsberg A/S produces and markets beer, soft drinks, and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers abbey beer, alcohol-free drinks, ale, American dark lager, Belgian ale, Belgian pale ale, bock, Bosomian Pilsners, brown ale, cider, dark lager, dubbel, energy drink, English pale ale, European dark and strong lager, European lager and pa… Read more