Market Closed -
Hong Kong S.E.
04:08:16 2024-05-02 am EDT
|
5-day change
|
1st Jan Change
|
32
CNY
|
-.--%
|
|
-.--%
|
-.--%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
139,816
|
231,622
|
207,129
|
176,970
|
110,951
|
96,676
|
-
|
-
|
Enterprise Value (EV)
1 |
138,051
|
226,115
|
200,685
|
166,535
|
110,488
|
93,516
|
89,466
|
84,776
|
P/E ratio
|
98.6
x
|
92
x
|
36.9
x
|
35.4
x
|
19.8
x
|
14.8
x
|
12.8
x
|
11.2
x
|
Yield
|
0.42%
|
0.43%
|
1.09%
|
1.12%
|
2.97%
|
2.96%
|
3.42%
|
3.93%
|
Capitalization / Revenue
|
3.86
x
|
6.17
x
|
5.05
x
|
4.36
x
|
2.62
x
|
2.15
x
|
2.02
x
|
1.9
x
|
EV / Revenue
|
3.81
x
|
6.02
x
|
4.9
x
|
4.1
x
|
2.61
x
|
2.08
x
|
1.87
x
|
1.66
x
|
EV / EBITDA
|
23.4
x
|
31.9
x
|
19.6
x
|
21.3
x
|
10.8
x
|
8.56
x
|
7.28
x
|
6.2
x
|
EV / FCF
|
48.3
x
|
55.3
x
|
46.4
x
|
28.1
x
|
-
|
14.1
x
|
11.6
x
|
9.73
x
|
FCF Yield
|
2.07%
|
1.81%
|
2.15%
|
3.56%
|
-
|
7.1%
|
8.62%
|
10.3%
|
Price to Book
|
6.51
x
|
9.15
x
|
6.9
x
|
5.73
x
|
3.37
x
|
2.69
x
|
2.34
x
|
2.16
x
|
Nbr of stocks (in thousands)
|
3,244,000
|
3,244,000
|
3,244,000
|
3,244,177
|
3,244,177
|
3,244,177
|
-
|
-
|
Reference price
2 |
43.10
|
71.40
|
63.85
|
54.55
|
34.20
|
29.80
|
29.80
|
29.80
|
Announcement Date
|
3/20/20
|
3/22/21
|
3/24/22
|
3/24/23
|
3/18/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
36,259
|
37,530
|
40,996
|
40,595
|
42,322
|
45,006
|
47,962
|
50,954
|
EBITDA
1 |
5,887
|
7,083
|
10,239
|
7,837
|
10,196
|
10,922
|
12,292
|
13,665
|
EBIT
1 |
4,004
|
4,999
|
8,218
|
6,051
|
7,720
|
8,767
|
10,177
|
11,581
|
Operating Margin
|
11.04%
|
13.32%
|
20.05%
|
14.91%
|
18.24%
|
19.48%
|
21.22%
|
22.73%
|
Earnings before Tax (EBT)
1 |
2,406
|
3,591
|
7,632
|
6,364
|
7,694
|
8,881
|
10,334
|
11,881
|
Net income
1 |
1,433
|
2,499
|
5,632
|
5,001
|
5,602
|
6,510
|
7,531
|
8,625
|
Net margin
|
3.95%
|
6.66%
|
13.74%
|
12.32%
|
13.24%
|
14.47%
|
15.7%
|
16.93%
|
EPS
2 |
0.4370
|
0.7757
|
1.731
|
1.543
|
1.728
|
2.011
|
2.325
|
2.672
|
Free Cash Flow
1 |
2,858
|
4,091
|
4,322
|
5,922
|
-
|
6,637
|
7,716
|
8,713
|
FCF margin
|
7.88%
|
10.9%
|
10.54%
|
14.59%
|
-
|
14.75%
|
16.09%
|
17.1%
|
FCF Conversion (EBITDA)
|
48.54%
|
57.76%
|
42.21%
|
75.57%
|
-
|
60.77%
|
62.77%
|
63.76%
|
FCF Conversion (Net income)
|
199.38%
|
163.69%
|
76.74%
|
118.43%
|
-
|
101.95%
|
102.46%
|
101.02%
|
Dividend per Share
2 |
0.1804
|
0.3091
|
0.6954
|
0.6127
|
1.017
|
0.8813
|
1.018
|
1.171
|
Announcement Date
|
3/20/20
|
3/22/21
|
3/24/22
|
3/24/23
|
3/18/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
15,693
|
19,494
|
16,755
|
23,579
|
16,888
|
24,305
|
16,405
|
25,674
|
16,372
|
26,536
|
17,797
|
29,655
|
17,568
|
EBITDA
|
2,035
|
4,675
|
2,100
|
8,727
|
-
|
-
|
1,006
|
7,921
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
3,671
|
1,087
|
7,747
|
428.5
|
6,015
|
107.4
|
6,720
|
829.4
|
7,529
|
1,017
|
9,074
|
1,043
|
Operating Margin
|
-
|
18.83%
|
6.49%
|
32.86%
|
2.54%
|
24.75%
|
0.65%
|
26.17%
|
5.07%
|
28.37%
|
5.71%
|
30.6%
|
5.93%
|
Earnings before Tax (EBT)
1 |
-
|
-
|
212.4
|
-
|
275.1
|
6,101
|
291.3
|
6,795
|
826.2
|
7,470
|
863.6
|
8,821
|
985.6
|
Net income
1 |
-
|
2,328
|
17.9
|
5,153
|
363.5
|
4,398
|
624
|
5,053
|
547.9
|
5,626
|
587.9
|
6,681
|
528.1
|
Net margin
|
-
|
11.94%
|
0.11%
|
21.85%
|
2.15%
|
18.09%
|
3.8%
|
19.68%
|
3.35%
|
21.2%
|
3.3%
|
22.53%
|
3.01%
|
EPS
|
-
|
-
|
-
|
-
|
0.1105
|
1.353
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/20/20
|
8/19/20
|
3/22/21
|
8/18/21
|
3/24/22
|
8/17/22
|
3/24/23
|
8/18/23
|
3/18/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
1,765
|
5,506
|
6,444
|
10,435
|
463
|
3,160
|
7,210
|
11,901
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
2,858
|
4,091
|
4,322
|
5,922
|
-
|
6,637
|
7,716
|
8,713
|
ROE (net income / shareholders' equity)
|
6.81%
|
10.2%
|
20.1%
|
16.9%
|
-
|
18.6%
|
19.1%
|
19.5%
|
ROA (Net income/ Total Assets)
|
3.25%
|
4.91%
|
9.67%
|
8.02%
|
-
|
8.3%
|
9.02%
|
9.65%
|
Assets
1 |
44,170
|
50,939
|
58,220
|
62,376
|
-
|
78,420
|
83,511
|
89,425
|
Book Value Per Share
2 |
6.620
|
7.800
|
9.250
|
9.520
|
10.10
|
11.10
|
12.70
|
13.80
|
Cash Flow per Share
2 |
1.380
|
1.650
|
1.890
|
2.410
|
-
|
2.960
|
3.140
|
3.370
|
Capex
1 |
1,633
|
1,248
|
1,804
|
1,897
|
-
|
2,611
|
2,532
|
2,644
|
Capex / Sales
|
4.5%
|
3.32%
|
4.4%
|
4.67%
|
-
|
5.8%
|
5.28%
|
5.19%
|
Announcement Date
|
3/20/20
|
3/22/21
|
3/24/22
|
3/24/23
|
3/18/24
|
-
|
-
|
-
|
Last Close Price
29.8
HKD Average target price
48.68
HKD Spread / Average Target +63.37% Consensus |
1st Jan change
|
Capi.
|
---|
| -4.76% | 123B | | +3.02% | 57.35B | | +5.32% | 46.43B | | -19.23% | 32.43B | | 0.00% | 23.19B | | +5.90% | 18.13B | | -36.87% | 15.72B | | +2.96% | 12.15B | | +3.05% | 11.16B |
Other Brewers
|