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Carlsberg Brewery Malaysia Berhad, (2836) Fair Value & Analysis

Consumer Defensive · MY · Market cap 5.0B MYR

CB Carlsberg Brewery Malaysia Berhad, 2836 · KLSE
Price16.32 MYR
Fair Value18.26 MYR
Upside+11.9%
Quality95/100
Evidence: High Range 12.40 MYR – 25.84 MYR

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Share price −2.6% over the past month.

Price vs Fair Value (12 months)

18.44 MYR 14.82 MYR Fair Value 18.26 MYR Jun 2025 Jun 2026

12‑month range 14.82 MYR – 18.44 MYR · fair‑value band 12.40 MYR – 25.84 MYR · the 16.32 MYR price screens below the 18.26 MYR fair value. As of Jun 24, 2026.

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Analysis

Carlsberg Brewery Malaysia Berhad, (2836) currently trades at 16.32 MYR, while our model-based Fair Value estimate is 18.26 MYR — implying the stock looks roughly 11.9% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Carlsberg Brewery Malaysia Berhad, generated revenue of 2.3B MYR at a net margin of 16.5%. Revenue grew 6.5% year over year. It earns a return on equity of 95.6%. Net debt stands at 16.0M MYR. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 2.3B MYR
Revenue growth (YoY) +6.5%
Net margin 16.5%
Return on equity 95.6%
Free cash flow 302M MYR FY2025
P/E ratio 13.1
More key figures
Operating margin 17.2%
EPS (TTM) 1.24 MYR
Dividend yield 6.9%
EPS growth (YoY) +4.7%
Net debt 16.0M MYR FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Carlsberg Brewery Malaysia Berhad, together with its subsidiaries, engages in the production, distribution, and sale of beer, stout, cider, shandy, liquor, and non-alcoholic beverages in Malaysia, Singapore, and internationally. The company offers its products under the 1664, Somersby Cider, Somersby Shandy, Connor's Stout Porter, Sapporo, Tuborg Strong, Brooklyn, Jing-A, Birrificio Angelo Poretti, Royal Stout, SKOL, and WuSu, as well as Carlsberg 0.0 Wheat, Carlsberg Special Brew, Carlsberg Smooth Draught, Carlsberg Danish Pilsner brands. The company was incorporated in 1969 and is based in Shah Alam, Malaysia. Carlsberg Brewery Malaysia Berhad operates as a subsidiary of Carlsberg Breweries A/S.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Carlsberg Brewery Malaysia Berhad, reported revenue of 2.3B MYR in FY2025 versus 1.8B MYR in FY2021, a compound +6.3%/yr. Reported net income was 376M MYR in FY2025, compounding +16.9%/yr from FY2021.

Revenue +6.3%/yr
FY21 1.8B MYR
FY22 2.4B MYR
FY23 2.3B MYR
FY24 2.4B MYR
FY25 2.3B MYR
Net income +16.9%/yr
FY21 201M MYR
FY22 317M MYR
FY23 327M MYR
FY24 337M MYR
FY25 376M MYR

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Frequently asked questions

Is Carlsberg Brewery Malaysia Berhad, (2836) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 18.26 MYR versus a price of 16.32 MYR — about +12% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 2836?
Our 21-model fair value for Carlsberg Brewery Malaysia Berhad, is 18.26 MYR (as of Jun 24, 2026), built from audited fundamentals. The current price is 16.32 MYR.
What is the quality score of 2836?
Carlsberg Brewery Malaysia Berhad, has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Carlsberg Brewery Malaysia Berhad, (2836)?
Carlsberg Brewery Malaysia Berhad, reported trailing-twelve-month revenue of about 2.3B MYR (latest available figure, as of Jun 24, 2026).
What is the net profit margin of 2836?
The net profit margin of Carlsberg Brewery Malaysia Berhad, is about 16.5%, meaning it keeps roughly 16.5% of revenue as net income. Based on the latest reported figures.
Does Carlsberg Brewery Malaysia Berhad, pay a dividend?
Carlsberg Brewery Malaysia Berhad, currently shows a dividend yield of about 6.92% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.