Market Closed -
Hong Kong S.E.
01:38:20 26/04/2024 pm IST
|
5-day change
|
1st Jan Change
|
6
HKD
|
+1.01%
|
|
+4.53%
|
+8.11%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
31,575
|
28,683
|
26,607
|
29,793
|
21,789
|
23,990
|
-
|
-
|
Enterprise Value (EV)
1 |
28,785
|
27,822
|
24,591
|
27,439
|
20,284
|
21,958
|
21,647
|
21,697
|
P/E ratio
|
23.1
x
|
17.6
x
|
17.7
x
|
24.4
x
|
13.1
x
|
14.9
x
|
13.4
x
|
12.4
x
|
Yield
|
4.33%
|
5.67%
|
6.77%
|
4.92%
|
8.42%
|
6.89%
|
7.56%
|
7.99%
|
Capitalization / Revenue
|
1.43
x
|
1.26
x
|
1.05
x
|
1.05
x
|
0.76
x
|
0.78
x
|
0.74
x
|
0.7
x
|
EV / Revenue
|
1.31
x
|
1.22
x
|
0.97
x
|
0.97
x
|
0.71
x
|
0.72
x
|
0.67
x
|
0.63
x
|
EV / EBITDA
|
8.43
x
|
7.57
x
|
7.23
x
|
9.36
x
|
6.48
x
|
7.29
x
|
6.49
x
|
6.1
x
|
EV / FCF
|
11.7
x
|
9.83
x
|
12.4
x
|
31
x
|
10.3
x
|
13
x
|
11.7
x
|
10.5
x
|
FCF Yield
|
8.55%
|
10.2%
|
8.07%
|
3.22%
|
9.74%
|
7.71%
|
8.53%
|
9.52%
|
Price to Book
|
2.32
x
|
2.07
x
|
1.93
x
|
2.26
x
|
1.63
x
|
1.84
x
|
1.81
x
|
1.8
x
|
Nbr of stocks (in thousands)
|
43,19,334
|
43,19,334
|
43,19,334
|
43,19,334
|
43,19,334
|
43,19,334
|
-
|
-
|
Reference price
2 |
7.310
|
6.641
|
6.160
|
6.898
|
5.044
|
5.554
|
5.554
|
5.554
|
Announcement Date
|
25/03/20
|
19/03/21
|
07/03/22
|
08/03/23
|
06/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
22,020
|
22,762
|
25,231
|
28,257
|
28,591
|
30,603
|
32,480
|
34,276
|
EBITDA
1 |
3,414
|
3,674
|
3,402
|
2,932
|
3,128
|
3,013
|
3,336
|
3,554
|
EBIT
1 |
1,806
|
2,121
|
1,906
|
1,496
|
1,996
|
1,922
|
2,185
|
2,307
|
Operating Margin
|
8.2%
|
9.32%
|
7.55%
|
5.29%
|
6.98%
|
6.28%
|
6.73%
|
6.73%
|
Earnings before Tax (EBT)
1 |
1,971
|
2,326
|
2,142
|
1,731
|
2,240
|
2,206
|
2,491
|
2,670
|
Net income
1 |
1,366
|
1,626
|
1,501
|
1,222
|
1,667
|
1,614
|
1,818
|
1,951
|
Net margin
|
6.2%
|
7.14%
|
5.95%
|
4.33%
|
5.83%
|
5.27%
|
5.6%
|
5.69%
|
EPS
2 |
0.3163
|
0.3764
|
0.3474
|
0.2830
|
0.3860
|
0.3722
|
0.4133
|
0.4466
|
Free Cash Flow
1 |
2,460
|
2,830
|
1,984
|
884.4
|
1,975
|
1,693
|
1,846
|
2,065
|
FCF margin
|
11.17%
|
12.43%
|
7.86%
|
3.13%
|
6.91%
|
5.53%
|
5.68%
|
6.02%
|
FCF Conversion (EBITDA)
|
72.07%
|
77.02%
|
58.31%
|
30.16%
|
63.13%
|
56.2%
|
55.32%
|
58.09%
|
FCF Conversion (Net income)
|
180.08%
|
174.08%
|
132.21%
|
72.36%
|
118.45%
|
104.91%
|
101.52%
|
105.85%
|
Dividend per Share
2 |
0.3163
|
0.3764
|
0.4169
|
0.3395
|
0.4245
|
0.3827
|
0.4199
|
0.4435
|
Announcement Date
|
25/03/20
|
19/03/21
|
07/03/22
|
08/03/23
|
06/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
|
10,550
|
11,817
|
10,945
|
13,007
|
12,224
|
-
|
-
|
13,940
|
14,318
|
14,572
|
14,019
|
15,593
|
14,858
|
16,472
|
16,472
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
501
|
1,389
|
732
|
1,058
|
848.3
|
-
|
-
|
731.3
|
764.5
|
1,092
|
904.1
|
798.3
|
921.1
|
617
|
1,069
|
Operating Margin
|
4.75%
|
11.76%
|
6.69%
|
8.13%
|
6.94%
|
-
|
-
|
5.25%
|
5.34%
|
7.5%
|
6.45%
|
5.12%
|
6.2%
|
3.75%
|
6.49%
|
Earnings before Tax (EBT)
|
579.3
|
1,495
|
831.9
|
1,181
|
-
|
-
|
-
|
855.5
|
875.3
|
1,206
|
1,034
|
940.5
|
1,074
|
928
|
1,380
|
Net income
1 |
368.7
|
1,065
|
560.6
|
847.3
|
-
|
307.2
|
307.2
|
614.4
|
607.8
|
876.6
|
790.4
|
680.5
|
814
|
667
|
1,055
|
Net margin
|
3.5%
|
9.01%
|
5.12%
|
6.51%
|
-
|
-
|
-
|
4.41%
|
4.25%
|
6.02%
|
5.64%
|
4.36%
|
5.48%
|
4.05%
|
6.4%
|
EPS
|
-
|
-
|
0.1298
|
-
|
0.1512
|
-
|
-
|
0.1422
|
0.1408
|
0.2030
|
0.1830
|
0.1700
|
0.2000
|
0.1500
|
0.2400
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
25/03/20
|
07/08/20
|
19/03/21
|
10/08/21
|
07/03/22
|
23/08/22
|
09/08/22
|
09/08/22
|
08/03/23
|
09/08/23
|
06/03/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
2,791
|
861
|
2,016
|
2,354
|
1,505
|
2,032
|
2,342
|
2,292
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
2,460
|
2,830
|
1,984
|
884
|
1,975
|
1,693
|
1,846
|
2,065
|
ROE (net income / shareholders' equity)
|
10.2%
|
11.8%
|
10.9%
|
9.07%
|
12.6%
|
12.4%
|
13.9%
|
15%
|
ROA (Net income/ Total Assets)
|
6.28%
|
7.41%
|
6.8%
|
5.57%
|
7.59%
|
7.25%
|
8.03%
|
8.77%
|
Assets
1 |
21,745
|
21,931
|
22,085
|
21,925
|
21,959
|
22,256
|
22,633
|
22,253
|
Book Value Per Share
2 |
3.160
|
3.220
|
3.190
|
3.050
|
3.100
|
3.020
|
3.070
|
3.080
|
Cash Flow per Share
2 |
0.6600
|
0.7400
|
0.5600
|
0.3300
|
0.7100
|
0.6400
|
0.6800
|
0.7300
|
Capex
1 |
409
|
385
|
437
|
546
|
1,079
|
815
|
849
|
948
|
Capex / Sales
|
1.86%
|
1.69%
|
1.73%
|
1.93%
|
3.77%
|
2.66%
|
2.61%
|
2.76%
|
Announcement Date
|
25/03/20
|
19/03/21
|
07/03/22
|
08/03/23
|
06/03/24
|
-
|
-
|
-
|
Last Close Price
5.554
CNY Average target price
6.318
CNY Spread / Average Target +13.76% Consensus |
1st Jan change
|
Capi.
|
---|
| +8.11% | 3.31B | | +4.77% | 266B | | +18.01% | 22.74B | | +34.19% | 17.05B | | -9.31% | 16.6B | | +11.50% | 11.7B | | -1.51% | 10.8B | | +8.37% | 9.89B | | -11.41% | 7.71B | | +32.64% | 5.46B |
Other Non-Alcoholic Beverages
|