CABGY - Carlsberg: Cheap Valuation With Positive Organic Growth Outlook
2024-02-10 02:31:54 ET
Summary
- I expect growth to revert back to mid single-digit as guided, with margin expansion and rerating of valuation.
- The company's revenue is split between Western Europe (50%), Asia (32%), and Central and East Europe (18%).
- Premiumization is a major trend that should continue to support higher pricing growth.