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MarketScreener Homepage  >  Equities  >  Tokyo  >  Asahi Group Holdings Ltd    2502   JP3116000005

ASAHI GROUP HOLDINGS LTD

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UPDATE1: Asahi Group to buy Carlton & United Breweries for 1.2 tril. yen

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07/19/2019 | 07:33am EDT

Japanese brewer Asahi Group Holdings Ltd. will buy Australian Carlton & United Breweries (CUB) for 1.2 trillion yen ($11 billion) from its Belgian parent company Anheuser-Busch InBev, the Australian company said Friday.

Asahi, the parent company of Asahi Breweries Ltd., aims to boost its group's overseas business to make up for falling demand in the domestic market through the company's biggest-ever acquisition.

CUB, Australia's leading brewer, is known for brands such as Victoria Bitter and Carlton Draught.

Japanese brewers are looking to overseas rivals as the Japanese market for alcohol has been shrinking due to a graying and declining population.

Suntory Holdings Ltd. purchased U.S. distiller Beam Inc. for $16 billion in 2014.

The Japanese brewer already bought more than ten companies in Europe from Anheuser-Busch InBev between 2016 and 2017 for nearly 1.2 trillion yen in total, including the breweries of Italy's Peroni and the Czech Republic's Pilsner Urquell brands.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ANHEUSER-BUSCH INBEV 1.10% 86.57 Delayed Quote.48.41%
ASAHI GROUP HOLDINGS LTD -0.37% 4796 End-of-day quote.14.22%
UNITED BREWERIES LIMITED -0.87% 1327 End-of-day quote.-2.79%
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Financials (JPY)
Sales 2019 2 127 B
EBIT 2019 218 B
Net income 2019 153 B
Debt 2019 821 B
Yield 2019 2,19%
P/E ratio 2019 14,4x
P/E ratio 2020 13,3x
EV / Sales2019 1,42x
EV / Sales2020 1,40x
Capitalization 2 197 B
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Technical analysis trends ASAHI GROUP HOLDINGS LTD
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Average target price 6 046,88  JPY
Last Close Price 4 796,00  JPY
Spread / Highest target 38,7%
Spread / Average Target 26,1%
Spread / Lowest Target 8,42%
EPS Revisions
Managers
NameTitle
Akiyoshi Koji President, CEO & Representative Director
Naoki Izumiya Chairman & Representative Director
Kenji Hamada Chief Financial Officer & Director
Shunjiro Sakano General Manager-Finance
Naoki Tanaka Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
ASAHI GROUP HOLDINGS LTD14.22%20 741
ANHEUSER-BUSCH INBEV48.41%186 176
AMBEV SA22.89%74 434
HEINEKEN22.02%59 599
CARLSBERG A/S44.67%22 136
KIRIN HOLDINGS CO LTD-6.94%17 522