Market Closed -
Hong Kong S.E.
01:38:16 02/05/2024 pm IST
|
5-day change
|
1st Jan Change
|
57.5
HKD
|
+1.32%
|
|
+5.31%
|
+9.73%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
66,128
|
1,15,222
|
1,09,195
|
1,20,722
|
84,276
|
93,003
|
-
|
-
|
Enterprise Value (EV)
1 |
51,119
|
97,501
|
94,892
|
1,03,142
|
65,044
|
73,335
|
70,141
|
69,244
|
P/E ratio
|
34.1
x
|
42
x
|
25.6
x
|
25
x
|
-
|
14.9
x
|
13.1
x
|
12.1
x
|
Yield
|
1.18%
|
1.1%
|
1.85%
|
-
|
-
|
3.93%
|
4.39%
|
4.74%
|
Capitalization / Revenue
|
2.36
x
|
4.15
x
|
3.62
x
|
3.75
x
|
2.48
x
|
2.62
x
|
2.49
x
|
2.4
x
|
EV / Revenue
|
1.83
x
|
3.51
x
|
3.15
x
|
3.21
x
|
1.92
x
|
2.07
x
|
1.88
x
|
1.78
x
|
EV / EBITDA
|
13.4
x
|
22.3
x
|
17.1
x
|
17
x
|
9.47
x
|
10.5
x
|
9.08
x
|
8.22
x
|
EV / FCF
|
17.9
x
|
26.5
x
|
21.4
x
|
32.8
x
|
34.6
x
|
18.5
x
|
14.3
x
|
12.9
x
|
FCF Yield
|
5.6%
|
3.77%
|
4.68%
|
3.05%
|
2.89%
|
5.4%
|
6.98%
|
7.77%
|
Price to Book
|
3.3
x
|
4.52
x
|
3.53
x
|
3.64
x
|
-
|
2.43
x
|
2.24
x
|
2.06
x
|
Nbr of stocks (in thousands)
|
13,50,983
|
13,64,183
|
13,64,355
|
13,64,233
|
13,64,197
|
13,64,197
|
-
|
-
|
Reference price
2 |
46.78
|
68.34
|
59.48
|
68.09
|
47.63
|
53.25
|
53.25
|
53.25
|
Announcement Date
|
29/03/20
|
05/03/21
|
28/03/22
|
22/03/23
|
26/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
27,984
|
27,760
|
30,167
|
32,172
|
33,937
|
35,489
|
37,336
|
38,800
|
EBITDA
1 |
3,813
|
4,373
|
5,546
|
6,078
|
6,865
|
7,011
|
7,721
|
8,428
|
EBIT
1 |
2,698
|
3,250
|
4,455
|
5,001
|
5,737
|
5,847
|
6,886
|
7,600
|
Operating Margin
|
9.64%
|
11.71%
|
14.77%
|
15.54%
|
16.9%
|
16.48%
|
18.44%
|
19.59%
|
Earnings before Tax (EBT)
1 |
2,727
|
3,240
|
4,479
|
5,006
|
5,746
|
6,616
|
7,566
|
8,258
|
Net income
1 |
1,852
|
2,201
|
3,155
|
3,711
|
4,268
|
4,936
|
5,590
|
6,124
|
Net margin
|
6.62%
|
7.93%
|
10.46%
|
11.53%
|
12.58%
|
13.91%
|
14.97%
|
15.78%
|
EPS
2 |
1.371
|
1.627
|
2.324
|
2.728
|
-
|
3.575
|
4.061
|
4.416
|
Free Cash Flow
1 |
2,861
|
3,679
|
4,441
|
3,141
|
1,882
|
3,960
|
4,894
|
5,377
|
FCF margin
|
10.22%
|
13.25%
|
14.72%
|
9.76%
|
5.55%
|
11.16%
|
13.11%
|
13.86%
|
FCF Conversion (EBITDA)
|
75.05%
|
84.13%
|
80.08%
|
51.67%
|
27.42%
|
56.48%
|
63.39%
|
63.8%
|
FCF Conversion (Net income)
|
154.49%
|
167.11%
|
140.75%
|
84.64%
|
44.1%
|
80.23%
|
87.55%
|
87.8%
|
Dividend per Share
2 |
0.5500
|
0.7500
|
1.100
|
-
|
-
|
2.092
|
2.338
|
2.524
|
Announcement Date
|
29/03/20
|
05/03/21
|
28/03/22
|
22/03/23
|
26/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
11,433
|
15,679
|
12,081
|
18,291
|
3,395
|
11,876
|
10,065
|
19,273
|
9,837
|
3,062
|
12,899
|
10,706
|
10,886
|
21,592
|
9,386
|
2,958
|
12,345
|
10,150
|
11,647
|
21,797
|
-
|
-
|
12,847
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
2,148
|
-
|
1,778
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
-
|
-
|
3,281
|
-458.4
|
1,173
|
2,323
|
3,845
|
1,885
|
-729.5
|
1,156
|
1,961
|
2,641
|
4,602
|
1,987
|
-852.8
|
1,135
|
2,156
|
2,604
|
4,417
|
2,077
|
-1,163
|
748
|
-
|
-
|
Operating Margin
|
-
|
-
|
-
|
17.94%
|
-13.5%
|
9.88%
|
23.08%
|
19.95%
|
19.16%
|
-23.83%
|
8.96%
|
18.32%
|
24.26%
|
21.31%
|
21.17%
|
-28.82%
|
9.19%
|
21.24%
|
22.36%
|
20.26%
|
-
|
-
|
5.82%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
-
|
-
|
-
|
-
|
-456.5
|
-
|
2,324
|
3,845
|
1,893
|
-732
|
1,161
|
-
|
2,640
|
4,604
|
1,991
|
-848.9
|
1,142
|
-
|
2,971
|
5,129
|
-
|
-
|
1,431
|
-
|
-
|
Net income
1 |
-
|
1,855
|
-
|
-
|
-455.3
|
-
|
1,726
|
2,852
|
1,415
|
-556.4
|
858.5
|
-
|
1,974
|
3,426
|
1,482
|
-639.9
|
842.2
|
1,597
|
2,488
|
3,838
|
1,736
|
-1,103
|
1,045
|
-
|
-
|
Net margin
|
-
|
11.83%
|
-
|
-
|
-13.41%
|
-
|
17.15%
|
14.8%
|
14.38%
|
-18.17%
|
6.66%
|
-
|
18.14%
|
15.87%
|
15.79%
|
-21.63%
|
6.82%
|
15.74%
|
21.36%
|
17.61%
|
-
|
-
|
8.13%
|
-
|
-
|
EPS
2 |
0.1640
|
1.373
|
0.2540
|
1.780
|
-0.3370
|
0.5440
|
1.270
|
-
|
1.040
|
-0.4100
|
0.6290
|
-
|
1.449
|
2.515
|
1.088
|
-
|
-
|
-
|
2.273
|
2.720
|
1.309
|
-1.160
|
0.9000
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.5570
|
-
|
0.5570
|
0.5570
|
-
|
0.6153
|
0.6153
|
Announcement Date
|
29/03/20
|
30/08/20
|
05/03/21
|
25/08/21
|
28/03/22
|
28/03/22
|
25/08/22
|
25/08/22
|
26/10/22
|
22/03/23
|
22/03/23
|
24/04/23
|
27/08/23
|
27/08/23
|
27/10/23
|
26/03/24
|
26/03/24
|
29/04/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
15,009
|
17,722
|
14,303
|
17,580
|
19,232
|
19,668
|
22,862
|
23,759
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
2,861
|
3,679
|
4,441
|
3,141
|
1,882
|
3,960
|
4,894
|
5,377
|
ROE (net income / shareholders' equity)
|
9.97%
|
11.1%
|
14.5%
|
15.3%
|
16.1%
|
16.8%
|
17.5%
|
17.6%
|
ROA (Net income/ Total Assets)
|
5.19%
|
5.59%
|
7.17%
|
7.66%
|
8.57%
|
9.54%
|
10%
|
10.5%
|
Assets
1 |
35,693
|
39,415
|
44,039
|
48,437
|
49,784
|
51,756
|
55,624
|
58,519
|
Book Value Per Share
2 |
14.20
|
15.10
|
16.90
|
18.70
|
-
|
21.90
|
23.80
|
25.80
|
Cash Flow per Share
2 |
2.970
|
3.660
|
4.450
|
3.590
|
-
|
4.580
|
4.620
|
5.320
|
Capex
1 |
1,155
|
1,275
|
1,602
|
1,738
|
895
|
1,539
|
1,389
|
1,397
|
Capex / Sales
|
4.13%
|
4.59%
|
5.31%
|
5.4%
|
2.64%
|
4.34%
|
3.72%
|
3.6%
|
Announcement Date
|
29/03/20
|
05/03/21
|
28/03/22
|
22/03/23
|
26/03/24
|
-
|
-
|
-
|
Last Close Price
53.25
CNY Average target price
69.05
CNY Spread / Average Target +29.67% Consensus |
1st Jan change
|
Capi.
|
---|
| +9.73% | 12.78B | | -4.18% | 119B | | -1.48% | 55.14B | | +5.10% | 46.46B | | -10.20% | 36.95B | | -2.35% | 22.83B | | +9.23% | 18.96B | | +3.25% | 17.45B | | +5.41% | 14.93B | | -5.57% | 12.11B |
Other Brewers
|