Royal Unibrew A/S (0R6Z) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Royal Unibrew A/S DKK 243, price DKK 405, upside -40.0%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Royal Unibrew A/S provides beverages in Denmark, Germany, Norway, Sweden, Italy, the Netherlands, France, Finland, Lithuania, Latvia, Estonia, Belgium, Luxembourg, and internationally.
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Royal Unibrew A/S provides beverages in Denmark, Germany, Norway, Sweden, Italy, the Netherlands, France, Finland, Lithuania, Latvia, Estonia, Belgium, Luxembourg, and internationally. It offers soft drinks under the Faxe Kondi, Jaffa, Lemon Soda, Lorina, Royal Club, Fonti di Crodo, Adelhardt, Frem, Rebæl, Crystal Clear, Sisi, Sourcy Vitamin Water, Borg, Hansa, CB, and Pommac brands, as well as other partner brands. The company also provides energy drinks under the Faxe Kondi Booster, CULT, Crazy Tiger, Lemon Soda Energy, Jaffa Booster, and ED energy brands; water under the Novelle, Egekilde, Sourcy, Vichy Original, Olden, Mangali, and other partner brands; and malt beverages under the Vitamalt, Supermalt, and Powermalt brands. In addition, it offers beers under the Ceres Italy, Faxe, Royal, Hansa, Anarkist, Lapin Kulta, Amsterdam, Bauskas, Albani, Too Old To Die Young, Slots, Fuglsang, Thor, Nørrebro Bryghus, Schiøtz, Ceres Denmark, Borg, Kalnapilis, Helsinki Bryggeri, Tanker, Vilkmergés, Aura, Nøgne Ø, CB, Madonas Alus, Lielvardes, Frederikstad, Karjala, Lahden Erikois, Maltti, Lacplesis and other partner brands. Further, the company provides ready-to-drink products, cocktails, and ciders under the Original Long Drink, Grevens, Shaker, Tempt Cider, GiG Drinks, Mokai, Nohrlund, Happy Joe, Hartwall Seltzer, Hartwall Cocktails, Hansa Hard Seltzer, Urban Cocktails, Royale Cocktail Co., Lielvardes Sidrs, Vilkmerges Sidras, Strongbow, and other partner brands. Additionally, it offers juice under the Cido, Adelhardt, Looza, Pagoi, and Ranja brands; enhanced beverages under the Faxe Kondi Pro, Hartwall Sport, Cido Hydrate+, Sourcy Vitamin water, and Gatorda; and tea and coffee under partner brands. The company was formerly known as Bryggerigruppen A/S and changed its name to Royal Unibrew A/S in 2005. Royal Unibrew A/S was founded in 1901 and is headquartered in Faxe, Denmark.
Stock analysis
Royal Unibrew A/S (0R6Z) currently trades at kr 404.90, while our model-based Fair Value estimate is kr 243.16, 40.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 213.34 per share, and 0 of the 23 models we run sit above the kr 404.90 price.
Bear case: the Asset-Based group reads lowest at kr 24.48, and 23 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 156.61 (bear) to kr 336.41 (bull), the price of kr 404.90 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Royal Unibrew A/S reported revenue of 7.6B DKK in FY2020 versus 6.3B DKK in FY2016, a compound +4.5%/yr. Reported net income was 1.2B DKK in FY2020, compounding +10.8%/yr from FY2016.
Key figures
Market cap 36.7B DKK (≈ $5.5B) · P/S ratio 2.32 · Dividend yield 4.0% · Net margin 15.7% · Return on equity 23.8% · Return on assets (EBIT) 16.9% · Operating margin 8.3% · Revenue (TTM) 15.8B DKK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at −40%, 0R6Z screens richer than that median.
Fair Value models
Bear kr 156.61Fair Value kr 243.16Bull kr 336.41
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
’16
’17
’18
’19
’20
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
15.8% (2016) → 20.0% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Beverages - Brewers · 52 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside−48.0% · Bottom 25%
Profitability
Return on equity (TTM)23.8% · Top 25%
Return on assets7.5% · Top 25%
Net margin (TTM)10.1% · Above median
Operating margin (TTM)8.3% · Below median
Growth and dividend
Revenue growth3.3% · Above median
Dividend yield (TTM)4.0% · Above median
Balance sheet
Debt / equity0.62× · Highest 25%
Valuation Multiplesvs Beverages - Brewers median · lower = cheaper
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Is Royal Unibrew A/S (0R6Z) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of kr 243.16 versus a price of kr 404.90, about −40% upside (overvalued).
What is the fair value of 0R6Z?
Our model-based fair value for Royal Unibrew A/S is kr 243.16 (as of Sep 23, 2026), built from audited fundamentals. The current price: kr 404.90.
What is the quality score of 0R6Z?
Royal Unibrew A/S has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Royal Unibrew A/S (0R6Z)?
Our model-based price target is the fair value of kr 243.16 (as of Sep 23, 2026) from 23 valuation models. Cautious scenario kr 156.61, optimistic scenario kr 336.41. It is a calculation from audited fundamentals, not an analyst target.
What is the Royal Unibrew A/S stock forecast for 2026?
Our models put fair value at kr 243.16, about −40% upside versus a price of kr 404.90 (overvalued). Cautious scenario kr 156.61, optimistic scenario kr 336.41. The calculation is refreshed regularly with new filings.
What is the revenue of Royal Unibrew A/S (0R6Z)?
Royal Unibrew A/S reported trailing-twelve-month revenue of about 15.8B DKK (latest available figure, as of Sep 23, 2026).
Does Royal Unibrew A/S pay a dividend?
Royal Unibrew A/S currently shows a dividend yield of about 3.95% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Royal Unibrew A/S (0R6Z)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Royal Unibrew A/S it is kr 243.16 per share (as of Sep 23, 2026), against a price of kr 404.90. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Royal Unibrew A/S stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 0R6Z trades above its calculated fair value: price kr 404.90, fair value kr 243.16, a gap of about −40% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0R6Z?
No. The price is what the market pays today (kr 404.90); the fair value is what the company's own numbers justify (kr 243.16). For Royal Unibrew A/S the two are kr 161.74 per share apart. That gap is exactly why we show both numbers side by side.
How much is Royal Unibrew A/S worth?
The market values Royal Unibrew A/S at about 36.7B DKK (market capitalisation, as of Sep 23, 2026). Per share that is kr 404.90; our models calculate a fair value of kr 243.16 per share.
What do the bullish and bearish scenarios say about 0R6Z?
Our models span a range for Royal Unibrew A/S: cautious scenario kr 156.61, base kr 243.16, optimistic kr 336.41 per share (as of Sep 23, 2026, price kr 404.90). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Royal Unibrew A/S (0R6Z)?
Balance-sheet figures for Royal Unibrew A/S (as of Sep 23, 2026): return on equity 23.8%, debt of 0.62 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 0R6Z from its 52-week high?
Royal Unibrew A/S trades at kr 404.90, about 35% below its 52-week high of kr 627.24 and 6% above the low of kr 380.91 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 243.16 is for.
Which stocks are comparable to Royal Unibrew A/S?
From the same area (Consumer Defensive) we also value Anheuser-Busch InBev SA, Heineken N.V, Fomento Económico Mexicano, S.A., Heineken Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Royal Unibrew A/S stock attractive at the current price?
The data as of Sep 23, 2026: price kr 404.90, calculated fair value kr 243.16 (−40%), Quality Score 65/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0R6Z calculated?
We run Royal Unibrew A/S through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 243.16, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Royal Unibrew A/S itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Royal Unibrew A/S (0R6Z)?
The closing price on Oct 2, 2026 was kr 404.90. Our model-based fair value is kr 243.16, about −40% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Royal Unibrew A/S right now?
The price sits above even our optimistic bull case (kr 336.41). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 156.61 to kr 336.41) leaves room in how you read the outcome.
Key figures of Royal Unibrew A/S
How large is the market capitalisation of Royal Unibrew A/S (0R6Z)?
The market capitalisation of Royal Unibrew A/S is 36.7B DKK (≈ $5.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Royal Unibrew A/S (0R6Z)?
The price-to-sales ratio of Royal Unibrew A/S is 2.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Royal Unibrew A/S (0R6Z)?
The dividend yield of Royal Unibrew A/S is 4.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Royal Unibrew A/S (0R6Z)?
The net margin of Royal Unibrew A/S is 15.7% (fiscal year 2020). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Royal Unibrew A/S (0R6Z)?
The return on equity (ROE) of Royal Unibrew A/S is 23.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Royal Unibrew A/S (0R6Z)?
On an EBIT basis the return on assets of Royal Unibrew A/S is 16.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Royal Unibrew A/S (0R6Z)?
The operating margin of Royal Unibrew A/S is 8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Royal Unibrew A/S (0R6Z)?
Revenue at Royal Unibrew A/S is growing +3.3% versus a year earlier (3y avg +5.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Royal Unibrew A/S (0R6Z)?
Earnings per share at Royal Unibrew A/S are growing +40.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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