Kulmbacher Brauerei (KUL.MU) Stock Price
Kulmbacher Brauerei Price
Revenue has compounded at 1.0% per year over the past 19 years to 290.64 M EUR. Earnings per share have grown at 0.5% per year over the last 19 years. Kulmbacher Brauerei's net margin stands at 1.7%, down from 3.2% several years earlier. Kulmbacher Brauerei currently offers a dividend yield of about 4.38%. The payout ratio is around 92% of earnings. The dividend has grown at 6.8% per year over the past 19 years.
Kulmbacher Brauerei stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Kulmbacher Brauerei over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Kulmbacher Brauerei stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Kulmbacher Brauerei's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Kulmbacher Brauerei Price |
|---|---|
| 9/14/2026 | 30.80 EUR |
| 9/11/2026 | 31.00 EUR |
| 9/10/2026 | 30.60 EUR |
| 9/9/2026 | 30.80 EUR |
| 9/8/2026 | 30.80 EUR |
| 9/7/2026 | 30.80 EUR |
| 9/4/2026 | 31.00 EUR |
| 9/3/2026 | 33.00 EUR |
| 9/2/2026 | 34.20 EUR |
| 9/1/2026 | 34.60 EUR |
| 8/31/2026 | 34.20 EUR |
| 8/28/2026 | 34.20 EUR |
| 8/27/2026 | 34.20 EUR |
| 8/26/2026 | 34.80 EUR |
| 8/25/2026 | 34.80 EUR |
| 8/21/2026 | 34.80 EUR |
| 8/20/2026 | 34.80 EUR |
| 8/19/2026 | 34.60 EUR |
| 8/18/2026 | 34.80 EUR |
| 8/17/2026 | 34.80 EUR |
| 8/14/2026 | 34.80 EUR |
| 8/13/2026 | 34.80 EUR |
| 8/12/2026 | 34.80 EUR |
| 8/11/2026 | 34.80 EUR |
| 8/10/2026 | 34.80 EUR |
| 8/7/2026 | 34.80 EUR |
| 8/6/2026 | 34.80 EUR |
| 8/5/2026 | 34.80 EUR |
| 8/4/2026 | 34.80 EUR |
| 7/31/2026 | 35.40 EUR |
Kulmbacher Brauerei Revenue, EBIT, Net Income
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Kulmbacher Brauerei Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEM EUR |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEM EUR |
| EBITM EUR |
| EBIT MARGIN% |
| NET INCOMEM EUR |
| NET INCOME GROWTH% |
| DIVIDENDDIV.EUR |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESM |
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 220.00 | 211.00 | 210.00 | 208.00 | 217.00 | 224.00 | 220.00 | 219.00 | 231.00 | 232.00 | 236.00 | 240.00 | 261.00 | 281.00 | 290.00 | 290.00 |
| -4.76 | -4.09 | -0.47 | -0.95 | 4.33 | 3.23 | -1.79 | -0.45 | 5.48 | 0.43 | 1.72 | 1.69 | 8.75 | 7.66 | 3.20 | – |
| 61.82 | 60.19 | 60.00 | 59.13 | 62.67 | 61.16 | 65.00 | 64.84 | 64.07 | 64.22 | 62.71 | 62.92 | 62.84 | 60.50 | 61.03 | 62.76 |
| 136.00 | 127.00 | 126.00 | 123.00 | 136.00 | 137.00 | 143.00 | 142.00 | 148.00 | 149.00 | 148.00 | 151.00 | 164.00 | 170.00 | 177.00 | 182.00 |
| 3.00 | 4.00 | 5.00 | 4.00 | 6.00 | 7.00 | 4.00 | 9.00 | 9.00 | 7.00 | 9.00 | 9.00 | 13.00 | 9.00 | 11.00 | 6.00 |
| 1.36 | 1.90 | 2.38 | 1.92 | 2.76 | 3.13 | 1.82 | 4.11 | 3.90 | 3.02 | 3.81 | 3.75 | 4.98 | 3.20 | 3.79 | 2.07 |
| – | 2.00 | 2.00 | 3.00 | 2.00 | 5.00 | 8.00 | 7.00 | 9.00 | 8.00 | 6.00 | 7.00 | 8.00 | 5.00 | 7.00 | 4.00 |
| – | – | – | 50.00 | -33.33 | 150.00 | 60.00 | -12.50 | 28.57 | -11.11 | -25.00 | 16.67 | 14.29 | -37.50 | 40.00 | -42.86 |
| – | – | – | – | 0.11 | 0.11 | 0.22 | 1.00 | 1.00 | 1.00 | 1.50 | 1.50 | 1.50 | 1.50 | 1.00 | 1.35 |
| – | – | – | – | – | – | 100.00 | 354.55 | – | – | 50.00 | – | – | – | -33.33 | 35.00 |
| 3.40 | 3.40 | 3.40 | 3.40 | 3.36 | 3.36 | 3.36 | 3.36 | 2.38 | 3.36 | 3.36 | 3.36 | 3.36 | 3.36 | 3.36 | 3.36 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Kulmbacher Brauerei generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Kulmbacher Brauerei retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Kulmbacher Brauerei's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Kulmbacher Brauerei has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Kulmbacher Brauerei's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Kulmbacher Brauerei stock margins
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Kulmbacher Brauerei Stock Revenue, EBIT, Earnings per Share
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Kulmbacher Brauerei business model & stock analysis
Kulmbacher Brauerei SWOT Analysis
Strengths
Kulmbacher Brauerei AG has a strong brand reputation in the brewery industry, known for its high-quality beers and rich heritage. The company has a wide range of beer products, catering to different consumer preferences. With a longstanding history, Kulmbacher Brauerei AG has established a loyal customer base both domestically and internationally.
Weaknesses
Despite its strong brand, Kulmbacher Brauerei AG faces challenges in terms of market saturation and increased competition within the brewery industry. The company's limited marketing efforts and distribution channels may hinder its ability to reach a wider audience. The rising production costs and potential dependence on traditional brewing techniques could also impact profitability.
Opportunities
Kulmbacher Brauerei AG has opportunities to expand its market presence by targeting emerging markets and demographics. The increasing popularity of craft beers provides avenues for the company to introduce new innovative products and capitalize on changing consumer preferences. Strategic collaborations with local breweries or international partnerships can enable the company to extend its reach.
Threats
The brewery industry is highly competitive, with several well-established and emerging players. Kulmbacher Brauerei AG faces potential threats from new entrants and larger breweries that can provide similar products at competitive prices. Additionally, changing regulations related to alcohol consumption and production could impact the company's operations. Economic fluctuations and shifts in consumer preferences pose risks to the overall beer market.
Kulmbacher Brauerei Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Kulmbacher Brauerei historical P/E ratio, EBIT multiple, and P/S ratio
Kulmbacher Brauerei annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down Kulmbacher Brauerei's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in Kulmbacher Brauerei's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare Kulmbacher Brauerei's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Kulmbacher Brauerei shares outstanding
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Kulmbacher Brauerei Dividend History
28 years of dividend payments
Kulmbacher Brauerei dividend history and estimates
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Kulmbacher Brauerei dividend payout ratio
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Kulmbacher Brauerei shareholder structure
| % | Name |
|---|---|
63.82435% | |
25.76000% | |
6.40000% |
Kulmbacher Brauerei Executives and Management Board
9 members · 22 % women
Management
Mr. Mathias Keil
Chief Financial and Technical Officer, Member of the Management Board
Ms. Heike Hartelt
Investor Relations
Board of Directors
Dr. Joerg Lehmann
Chairman of the Supervisory Board · since 2013
Mr. Markus Stodden
Spokesman of the Management Board, Director - Sales and Marketing · since 2013
Mr. Hans Ruckdeschel
Deputy Chairman of the Supervisory Board · since 2009
Mr. Martin Brummerhoff
Member of the Supervisory Board
Mr. Stefan Fischbach
Member of the Supervisory Board
Mr. Thomas Gillich
Member of the Supervisory Board, Employee Representative
Frequently asked questions about Kulmbacher Brauerei
The business model of Kulmbacher Brauerei AG revolves around brewing and selling of beer products. As a renowned German brewery, Kulmbacher Brauerei AG focuses on producing a wide range of high-quality beers, including traditional varieties as well as innovative and specialty brews. With a rich brewing heritage dating back to 1848, the company takes pride in its commitment to using premium ingredients and traditional brewing methods. Kulmbacher Brauerei AG aims to satisfy beer enthusiasts worldwide with its diverse portfolio, catering to different tastes and preferences. Through strategic partnerships and distribution channels, the company aims to expand its market reach and maintain its position as a respected player in the brewing industry.
Kulmbacher Brauerei AG is primarily active in the brewery industry.
The main competitors of Kulmbacher Brauerei AG in the market are breweries such as Radeberger Gruppe KG, Bitburger Braugruppe, and Paulaner Brauerei. These breweries also offer a range of high-quality beers and have a strong presence in the German beer market. Kulmbacher Brauerei AG faces tough competition from these well-established breweries in terms of market share, customer loyalty, and product range. However, Kulmbacher Brauerei AG has its unique offerings and a long-standing reputation for crafting exceptional beers, which helps it maintain a competitive edge in the market.
Kulmbacher Brauerei AG is a renowned German brewery with a rich history and background. Established in 1846, the company has been passionately brewing high-quality beers for over 175 years. Kulmbacher Brauerei AG is known for its innovative brewing techniques, traditional recipes, and commitment to excellence. With its headquarters in Kulmbach, Bavaria, the company has grown to become one of the leading breweries in Germany. Kulmbacher Brauerei AG takes pride in its strong brewing heritage and continuous dedication to delivering exceptional beer experiences. Today, the company remains a respected name in the brewing industry, maintaining its reputation for producing top-notch beers enjoyed by beer enthusiasts worldwide.
Established in 1846, Kulmbacher Brauerei AG has achieved various significant milestones throughout its history. Known for its exceptional brewing traditions and high-quality beer production, the company has consistently surpassed expectations. Kulmbacher Brauerei AG has successfully expanded its market reach both nationally and internationally, becoming one of Germany's leading breweries. Its dedication to innovation has led to the development of numerous award-winning beers loved by consumers globally. Additionally, the company has actively engaged in sustainable practices, prioritizing environmental responsibility. With its rich heritage and commitment to excellence, Kulmbacher Brauerei AG continues to shape the beer industry and delight beer enthusiasts worldwide.
Kulmbacher Brauerei AG, an esteemed German brewery, primarily operates within Germany.
Kulmbacher Brauerei AG represents a set of distinct values and a strong corporate philosophy. With a rich heritage dating back to 1846, the company is deeply committed to brewing exceptional quality beers with traditional brewing methods. Kulmbacher Brauerei AG firmly believes in sustainable practices and environmental responsibility throughout its entire production process. The company's corporate philosophy revolves around customer satisfaction, continuous innovation, and maintaining strong relationships with both its consumers and business partners. Kulmbacher Brauerei AG is dedicated to preserving its reputation as a premium and reliable brand in the beer industry, making it a well-respected and trusted choice among beer enthusiasts worldwide.
The Kulmbacher Brewery AG is one of the most traditional brewing companies in Germany with a history of over 170 years. With a wide range of beers of different flavors, the brewery has become one of the leading providers on the national and international beer market. The company operates several divisions to successfully implement its business model. The core divisions include the beer distribution segment, which includes hotels and gastronomy, as well as the beer specialty trade segment. In addition to these core divisions, the company also operates other business fields, such as the beverage manufacturing segment. In the beer distribution segment, the Kulmbacher Brewery AG is able to offer a wide range of beer varieties that cater to the individual tastes of customers. These include Pilsner, wheat beer, and dark beer. The premium brand "Kulmbacher" is the most well-known representative of the brewery and is one of the most popular beer brands in Germany. Another pillar of the company is the hotels and gastronomy segment. Here, the Kulmbacher Brewery AG supplies a variety of hotels, restaurants, and pubs with its beer varieties. To ensure high quality products in this segment, the company focuses on regular employee training and close cooperation with its customers. As a third core division, the Kulmbacher Brewery AG operates the beer specialty trade segment, supplying customers such as supermarkets or beverage markets. Here too, the range includes a wide variety of beers, but is slightly more price-conscious compared to the hotels and gastronomy segment. The beverage manufacturing segment is the youngest pillar of the Kulmbacher Brewery AG, offering customers a wide range of non-alcoholic beverages such as lemonade or fruit juice blends, as well as wellness and sports drinks. Overall, the business model of the Kulmbacher Brewery AG is based on a clear brand positioning, a wide range of products, and an efficient distribution and sales structure. To remain successful in the future, the company continuously focuses on product development and expanding distribution channels. A consistent focus on ecological and sustainable production also plays an important role.
The revenue cannot currently be calculated for Kulmbacher Brauerei.
The profit cannot currently be calculated for Kulmbacher Brauerei.
The P/E ratio cannot be calculated for Kulmbacher Brauerei at the moment.
The P/S cannot be calculated for Kulmbacher Brauerei currently.
The Eulerpool Quality Score for Kulmbacher Brauerei is 3/10.
The ISIN of Kulmbacher Brauerei is DE0007007007. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Kulmbacher Brauerei is 700700. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Kulmbacher Brauerei is KUL.MU. The ticker symbol is used to trade Kulmbacher Brauerei shares on the stock exchange.
Over the past 12 months, Kulmbacher Brauerei paid a dividend of 1.35 EUR . This corresponds to a dividend yield of about 4.38 %. For the coming 12 months, Kulmbacher Brauerei is expected to pay a dividend of 1.35 EUR.
The current dividend yield of Kulmbacher Brauerei is 4.38 %.
Kulmbacher Brauerei pays a dividend, distributed in the months of May.
Kulmbacher Brauerei paid dividends every year for the past 12 years.
For the upcoming 12 months, dividends amounting to 1.35 EUR are expected. This corresponds to a dividend yield of 4.38 %.
Kulmbacher Brauerei is assigned to the 'Non-cyclical consumption' sector.
To receive the latest dividend of Kulmbacher Brauerei from 5/26/2025 amounting to 1.35 EUR, you needed to have the stock in your portfolio before the ex-date on 5/22/2025.
The last dividend was paid out on 5/26/2025.
In the year 2025, Kulmbacher Brauerei distributed 1.35 EUR as dividends.
The dividends of Kulmbacher Brauerei are distributed in EUR.
Kulmbacher Brauerei stock
Kulmbacher Brauerei Peer Group
Kulmbacher Brauerei FIGI
All fundamentals and in-depth analysis of Kulmbacher Brauerei
Our stock analysis for Kulmbacher Brauerei stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Kulmbacher Brauerei. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.