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Davide Campari-Milano NV Az nom Post Frazionamento CPR

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Stock XMIL Rating as of
€6.04 +0.02 (0.30%)
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As of Delayed Price Closed

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Campari's Aperitif Dominance Should Drive Sales Growth

Verushka Shetty

Campari has benefited from industry trends over the past decade, namely the rise of aperitivo consumption outside Europe and demand for drinks with lower alcohol by volume. This is evidenced in the success of its aperitifs business in developed markets, with the share of Aperol doubling in the bitters category since 2015, according to Euromonitor.

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Price vs Fair Value

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CPR is trading at a LOCK|nwwbPL premium.
Price
€6.02
Fair Value
w.^
Uncertainty
LOCK|K@
1-Star Price
LOCK|W&R
5-Star Price
LOCK|jx^
Economic Moat
LOCK|#Yw
Capital Allocation
LOCK|#R^mK@r

Bulls Say, Bears Say

Bulls

Campari has capitalized well on trends in developed markets, including aperitivo consumption and demand for lower-ABV drinks.

Bears

Spirits are more cyclical than most other consumer staples categories, including beer, and volume can suffer steeper declines during downcycles.

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Trading Information

Previous Close Price
€6.02
Day Range
€6.00–6.12
52-Week Range
€5.27–6.82
Bid/Ask
€6.01 / €6.09
Shares Outstanding
1.20B
Market Cap
€7.24B
Volume/Avg
4M / 6M

Key Statistics

Price/Earnings (Normalized)
23.92
Price/Sales
2.49
Dividend Yield (Trailing)
1.66%
Dividend Yield (Forward)
1.66%
Dividend Payment Schedule
Apr
Total Yield
1.81%

Company Profile

Davide Campari-Milano is the Italian-headquartered parent of Campari Group and is the world’s leading manufacturer of bitters, with a volume share of around 24% in 2025, according to Euromonitor. The company’s liqueur portfolio includes Aperol, Campari, and Grand Marnier. The remainder of the portfolio spans a wide range of categories, including global brands Skyy vodka and Wild Turkey bourbon and niche brands such as Appleton Estate rum, Bulldog gin, and Espolòn tequila. Campari also produces and markets a range of Champagne and sparkling wines. Campari is controlled by Lagfin, a Luxembourg-based holding company, which holds 52% of the share capital and over 60% of the voting rights. The rest of the equity is free floating.
Sector
Consumer Defensive
Industry
Beverages - Wineries & Distilleries
Stock Style Box
Small Core
Total Number of Employees
4,800
Website
https://www.camparigroup.com

Competitors

Valuation

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Metric
CPR
000858
DGE
Price/Earnings (Normalized)
 23.9221.1618.05
Price/Book Value
 1.812.304.33
Price/Sales
 2.495.992.44
Price/Cash Flow
 14.6718.5911.08
Price/Earnings
CPR
000858
DGE

Financial Strength

Metric
CPR
000858
DGE
Quick Ratio
 1.031.990.49
Current Ratio
 2.582.471.60
Interest Coverage
 5.27449.393.15
Quick Ratio
CPR
000858
DGE

Profitability

Metric
CPR
000858
DGE
Return on Assets (Normalized)
 2.75%−1.13%7.53%
Return on Equity (Normalized)
 5.81%−1.80%32.87%
Return on Invested Capital (Normalized)
 4.45%−3.23%11.69%
Return on Assets
CPR
000858
DGE

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