Harboes Bryggeri A/S (HARB-B) Fair Value & Analysis
Consumer Defensive · DK · Market cap 464M DKK
Fair value as of: Jul 16, 2026
From 14 valuation models · updated 6 days ago
Fair value updated Jul 16, 2026, revised from kr 202.15 to kr 128.25 (−36.6%) since Jun 24, 2026. Share price −1.1% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 100.00 – kr 143.00 · fair‑value band kr 96.19 – kr 155.82 · the kr 110.00 price screens below the kr 128.25 fair value. As of Jul 16, 2026.
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Harboes Bryggeri A/S (HARB-B) currently trades at kr 110.00, while our model-based Fair Value estimate is kr 128.25, implying the stock looks roughly 16.6% undervalued today. We read business quality at 43/100 (below-average 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: medium), always confirm before acting.
Over the trailing twelve months, Harboes Bryggeri A/S generated revenue of 1.7B DKK at a net margin of 1.6%. Revenue declined 8.3% year over year. It earns a return on equity of 3.6%. Net debt stands at 343M DKK. Fundamentals as of Jul 16, 2026
Our scenario range runs from kr 96.19 (bear case) to kr 155.82 (bull case); at kr 110.00, the current price sits within that range. The share trades about 28% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -5% fair-value upside, at 17%, HARB-B screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 16, 2026. TTM = trailing twelve months.
About the company
Harboes Bryggeri A/S produces and markets beverages and malt-based ingredients worldwide. The company offers beers and soda, energy drinks, and malt beverages under the Harboe, NAILED, Caribia, XRAY, Mecklenburger, Bear Beer, Viiking, Darguner, and Hyper Malt brands. It serves supermarket chains and other retail companies, food and beverage manufacturers, and local and international distributors. The company was founded in 1883 and is based in Skælskør, Denmark.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Harboes Bryggeri A/S reported revenue of kr 1.7B in FY2026 versus kr 1.4B in FY2022, a compound +5.3%/yr. Reported net income was kr 27.0M in FY2026, compounding +427.2%/yr from FY2022.
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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.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.