End-of-day quote
Shanghai S.E.
06:00:00 2024-04-28 pm EDT
|
5-day change
|
1st Jan Change
|
68.05
CNY
|
+2.33%
|
|
+4.69%
|
+2.41%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
25,147
|
57,588
|
73,235
|
61,648
|
32,160
|
32,934
|
-
|
-
|
Enterprise Value (EV)
1 |
23,897
|
56,525
|
70,902
|
58,274
|
29,490
|
29,482
|
28,761
|
27,373
|
P/E ratio
|
38.2
x
|
53.4
x
|
62.8
x
|
48.8
x
|
24.1
x
|
22.3
x
|
20.2
x
|
19.2
x
|
Yield
|
2.69%
|
-
|
1.32%
|
2.04%
|
4.21%
|
4.39%
|
4.63%
|
4.95%
|
Capitalization / Revenue
|
7.02
x
|
5.26
x
|
5.58
x
|
4.39
x
|
2.17
x
|
2.1
x
|
1.97
x
|
1.88
x
|
EV / Revenue
|
6.67
x
|
5.17
x
|
5.4
x
|
4.15
x
|
1.99
x
|
1.88
x
|
1.72
x
|
1.56
x
|
EV / EBITDA
|
28.7
x
|
23.8
x
|
21
x
|
15.5
x
|
7.7
x
|
6.97
x
|
6.47
x
|
5.74
x
|
EV / FCF
|
41.5
x
|
17.8
x
|
24.9
x
|
20.4
x
|
13.5
x
|
11.1
x
|
9.68
x
|
8.52
x
|
FCF Yield
|
2.41%
|
5.61%
|
4.02%
|
4.89%
|
7.4%
|
8.98%
|
10.3%
|
11.7%
|
Price to Book
|
17.7
x
|
98.4
x
|
41.7
x
|
30
x
|
15
x
|
14.4
x
|
13
x
|
10.8
x
|
Nbr of stocks (in thousands)
|
483,971
|
483,971
|
483,971
|
483,971
|
483,971
|
483,971
|
-
|
-
|
Reference price
2 |
51.96
|
119.0
|
151.3
|
127.4
|
66.45
|
68.05
|
68.05
|
68.05
|
Announcement Date
|
4/17/20
|
4/27/21
|
2/6/22
|
2/7/23
|
2/7/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,582
|
10,942
|
13,119
|
14,039
|
14,815
|
15,706
|
16,747
|
17,516
|
EBITDA
1 |
831.7
|
2,378
|
3,375
|
3,772
|
3,830
|
4,230
|
4,447
|
4,773
|
EBIT
1 |
657.6
|
1,964
|
2,948
|
3,299
|
3,353
|
3,709
|
4,057
|
4,247
|
Operating Margin
|
18.36%
|
17.95%
|
22.47%
|
23.5%
|
22.63%
|
23.61%
|
24.23%
|
24.25%
|
Earnings before Tax (EBT)
1 |
827.3
|
2,131
|
2,941
|
3,299
|
3,376
|
3,756
|
4,111
|
4,314
|
Net income
1 |
656.9
|
1,077
|
1,166
|
1,264
|
1,337
|
1,461
|
1,639
|
1,719
|
Net margin
|
18.34%
|
9.84%
|
8.89%
|
9%
|
9.02%
|
9.3%
|
9.79%
|
9.81%
|
EPS
2 |
1.360
|
2.230
|
2.410
|
2.610
|
2.760
|
3.050
|
3.371
|
3.546
|
Free Cash Flow
1 |
576.3
|
3,170
|
2,849
|
2,852
|
2,181
|
2,647
|
2,971
|
3,214
|
FCF margin
|
16.09%
|
28.98%
|
21.71%
|
20.31%
|
14.72%
|
16.85%
|
17.74%
|
18.35%
|
FCF Conversion (EBITDA)
|
69.29%
|
133.33%
|
84.39%
|
75.61%
|
56.94%
|
62.58%
|
66.82%
|
67.35%
|
FCF Conversion (Net income)
|
87.73%
|
294.41%
|
244.25%
|
225.69%
|
163.17%
|
181.19%
|
181.29%
|
186.99%
|
Dividend per Share
2 |
1.400
|
-
|
2.000
|
2.600
|
2.800
|
2.988
|
3.150
|
3.372
|
Announcement Date
|
4/17/20
|
4/27/21
|
2/6/22
|
2/7/23
|
2/7/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
1,933
|
3,833
|
4,103
|
4,247
|
1,856
|
4,006
|
4,499
|
8,505
|
4,524
|
1,786
|
4,293
|
4,692
|
4,838
|
1,885
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
256.7
|
927.9
|
1,011
|
1,149
|
211.4
|
949.5
|
1,201
|
2,150
|
1,217
|
-14.11
|
1,106
|
1,203
|
1,203
|
-0.085
|
-
|
-
|
Operating Margin
|
13.28%
|
24.21%
|
24.63%
|
27.06%
|
11.39%
|
23.7%
|
26.69%
|
25.28%
|
26.89%
|
-0.79%
|
25.76%
|
25.63%
|
24.86%
|
-0%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
-
|
928
|
1,010
|
1,149
|
211.7
|
-
|
1,203
|
-
|
1,216
|
6.984
|
1,106
|
1,282
|
1,320
|
77
|
-
|
-
|
Net income
1 |
122.5
|
340.6
|
387
|
454.7
|
81.3
|
-
|
478
|
865
|
479.1
|
-7.492
|
451.9
|
397.2
|
587.5
|
96.45
|
-
|
-
|
Net margin
|
6.34%
|
8.89%
|
9.43%
|
10.71%
|
4.38%
|
-
|
10.62%
|
10.17%
|
10.59%
|
-0.42%
|
10.53%
|
8.47%
|
12.14%
|
5.12%
|
-
|
-
|
EPS
2 |
0.2500
|
0.7000
|
0.8000
|
0.9400
|
0.1700
|
-
|
0.9900
|
-
|
0.9900
|
-0.0200
|
0.9300
|
0.8208
|
1.214
|
0.1993
|
-
|
-
|
Dividend per Share
2 |
2.000
|
-
|
-
|
-
|
2.600
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2.913
|
-
|
-
|
Announcement Date
|
2/6/22
|
4/28/22
|
8/17/22
|
10/27/22
|
2/7/23
|
4/27/23
|
8/16/23
|
8/16/23
|
10/30/23
|
2/7/24
|
4/29/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
1,251
|
1,063
|
2,333
|
3,374
|
2,670
|
3,453
|
4,173
|
5,562
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
576
|
3,170
|
2,849
|
2,852
|
2,181
|
2,647
|
2,971
|
3,214
|
ROE (net income / shareholders' equity)
|
52.5%
|
45.6%
|
99.7%
|
69.3%
|
67.1%
|
67.2%
|
55.1%
|
53%
|
ROA (Net income/ Total Assets)
|
19.3%
|
10.6%
|
11%
|
10.5%
|
10.7%
|
11.9%
|
11.5%
|
11.1%
|
Assets
1 |
3,406
|
10,192
|
10,564
|
12,015
|
12,442
|
12,290
|
14,224
|
15,553
|
Book Value Per Share
2 |
2.930
|
1.210
|
3.630
|
4.250
|
4.420
|
4.710
|
5.250
|
6.320
|
Cash Flow per Share
2 |
1.460
|
7.620
|
7.370
|
7.750
|
6.400
|
7.750
|
7.580
|
8.080
|
Capex
1 |
107
|
519
|
716
|
901
|
916
|
771
|
711
|
634
|
Capex / Sales
|
3%
|
4.75%
|
5.46%
|
6.42%
|
6.18%
|
4.91%
|
4.25%
|
3.62%
|
Announcement Date
|
4/17/20
|
4/27/21
|
2/6/22
|
2/7/23
|
2/7/24
|
-
|
-
|
-
|
Last Close Price
68.05
CNY Average target price
72.54
CNY Spread / Average Target +6.60% Consensus |
1st Jan change
|
Capi.
|
---|
| +2.41% | 4.55B | | +384.45% | 67.41B | | -0.30% | 55.28B | | +8.04% | 47.79B | | -11.87% | 37.28B | | -0.65% | 22.88B | | +12.42% | 19.26B | | -24.76% | 18.8B | | +2.80% | 17.67B | | +5.26% | 14.82B |
Other Brewers
|