End-of-day quote
Shenzhen S.E.
18:00:00 2024-05-05 EDT
|
5-day change
|
1st Jan Change
|
10.14
CNY
|
+2.53%
|
|
+3.47%
|
+17.50%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
18,377
|
24,014
|
23,873
|
29,933
|
24,324
|
28,580
|
-
|
-
|
Enterprise Value (EV)
1 |
15,657
|
20,159
|
18,835
|
24,144
|
17,654
|
20,912
|
19,979
|
18,907
|
P/E ratio
|
79.5
x
|
122
x
|
105
x
|
85
x
|
37.7
x
|
30.5
x
|
24.7
x
|
21
x
|
Yield
|
0.34%
|
0.26%
|
0.47%
|
0.75%
|
1.16%
|
1.62%
|
1.9%
|
2.21%
|
Capitalization / Revenue
|
1.6
x
|
2.2
x
|
2
x
|
2.27
x
|
1.71
x
|
1.88
x
|
1.75
x
|
1.65
x
|
EV / Revenue
|
1.37
x
|
1.84
x
|
1.57
x
|
1.83
x
|
1.24
x
|
1.37
x
|
1.23
x
|
1.09
x
|
EV / EBITDA
|
12.6
x
|
15.7
x
|
16
x
|
17.1
x
|
10.2
x
|
11
x
|
9.18
x
|
7.6
x
|
EV / FCF
|
15.8
x
|
-
|
-
|
18.5
x
|
19.1
x
|
32
x
|
14.5
x
|
9.4
x
|
FCF Yield
|
6.32%
|
-
|
-
|
5.4%
|
5.23%
|
3.13%
|
6.9%
|
10.6%
|
Price to Book
|
1.4
x
|
1.81
x
|
1.78
x
|
2.23
x
|
1.76
x
|
1.97
x
|
1.87
x
|
1.78
x
|
Nbr of stocks (in thousands)
|
2,818,539
|
2,818,539
|
2,818,539
|
2,818,539
|
2,818,539
|
2,818,539
|
-
|
-
|
Reference price
2 |
6.520
|
8.520
|
8.470
|
10.62
|
8.630
|
10.14
|
10.14
|
10.14
|
Announcement Date
|
20-04-27
|
21-04-14
|
22-04-27
|
23-04-10
|
24-04-15
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,468
|
10,928
|
11,961
|
13,202
|
14,213
|
15,227
|
16,300
|
17,357
|
EBITDA
1 |
1,244
|
1,285
|
1,181
|
1,411
|
1,724
|
1,894
|
2,177
|
2,489
|
EBIT
1 |
420.6
|
477.1
|
434.6
|
691.5
|
1,025
|
1,447
|
1,867
|
2,239
|
Operating Margin
|
3.67%
|
4.37%
|
3.63%
|
5.24%
|
7.21%
|
9.5%
|
11.46%
|
12.9%
|
Earnings before Tax (EBT)
1 |
421.7
|
460.3
|
444.6
|
694.6
|
1,039
|
1,460
|
1,822
|
2,147
|
Net income
1 |
229.8
|
196.9
|
228
|
352.3
|
644.7
|
929.4
|
1,200
|
1,431
|
Net margin
|
2%
|
1.8%
|
1.91%
|
2.67%
|
4.54%
|
6.1%
|
7.36%
|
8.24%
|
EPS
2 |
0.0820
|
0.0698
|
0.0810
|
0.1250
|
0.2290
|
0.3320
|
0.4106
|
0.4824
|
Free Cash Flow
1 |
989.4
|
-
|
-
|
1,303
|
923.9
|
654
|
1,379
|
2,011
|
FCF margin
|
8.63%
|
-
|
-
|
9.87%
|
6.5%
|
4.3%
|
8.46%
|
11.59%
|
FCF Conversion (EBITDA)
|
79.52%
|
-
|
-
|
92.35%
|
53.59%
|
34.52%
|
63.34%
|
80.8%
|
FCF Conversion (Net income)
|
430.56%
|
-
|
-
|
369.84%
|
143.3%
|
70.37%
|
114.88%
|
140.53%
|
Dividend per Share
2 |
0.0220
|
0.0220
|
0.0400
|
0.0800
|
0.1000
|
0.1638
|
0.1930
|
0.2239
|
Announcement Date
|
20-04-27
|
21-04-14
|
22-04-27
|
23-04-10
|
24-04-15
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
|
-
|
-
|
-
|
-
|
-
|
-
|
4,099
|
4,791
|
1,797
|
-
|
-
|
-
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
-
|
-
|
-
|
-
|
-
|
-
|
616.2
|
632.1
|
-348.9
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
-
|
-
|
-
|
-
|
15.03%
|
13.19%
|
-19.42%
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
617.5
|
643.7
|
-348.3
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
-
|
-
|
-
|
-
|
-
|
-
|
449.3
|
442.2
|
-311.3
|
102.6
|
647.3
|
498.8
|
-329.9
|
-
|
-
|
Net margin
|
-
|
-
|
-
|
-
|
-
|
-
|
10.96%
|
9.23%
|
-17.32%
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
2 |
-0.1200
|
0.000300
|
0.1200
|
0.1200
|
-0.1100
|
0.0229
|
0.1600
|
0.1600
|
-0.1100
|
0.0364
|
0.2098
|
0.1785
|
-0.1235
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.1665
|
-
|
-
|
Announcement Date
|
22-04-27
|
22-04-27
|
22-08-25
|
22-10-27
|
23-04-10
|
23-04-20
|
23-08-21
|
23-10-25
|
24-04-15
|
24-04-24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
2,720
|
3,855
|
5,038
|
5,789
|
6,670
|
7,668
|
8,601
|
9,673
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
989
|
-
|
-
|
1,303
|
924
|
654
|
1,379
|
2,011
|
ROE (net income / shareholders' equity)
|
1.76%
|
1.49%
|
1.71%
|
2.62%
|
4.73%
|
6.66%
|
7.9%
|
8.9%
|
ROA (Net income/ Total Assets)
|
1.28%
|
1.07%
|
1.2%
|
1.76%
|
-
|
4.57%
|
5.25%
|
5.93%
|
Assets
1 |
17,924
|
18,331
|
18,956
|
20,058
|
-
|
20,336
|
22,846
|
24,152
|
Book Value Per Share
2 |
4.660
|
4.700
|
4.760
|
4.760
|
4.910
|
5.140
|
5.410
|
5.680
|
Cash Flow per Share
2 |
0.5600
|
0.5600
|
0.5800
|
0.6100
|
0.5000
|
0.5500
|
0.7300
|
0.8000
|
Capex
1 |
585
|
297
|
393
|
415
|
484
|
559
|
595
|
597
|
Capex / Sales
|
5.1%
|
2.72%
|
3.29%
|
3.14%
|
3.41%
|
3.67%
|
3.65%
|
3.44%
|
Announcement Date
|
20-04-27
|
21-04-14
|
22-04-27
|
23-04-10
|
24-04-15
|
-
|
-
|
-
|
Last Close Price
10.14
CNY Average target price
10.95
CNY Spread / Average Target +7.96% Consensus |
1st Jan change
|
Capi.
|
---|
| +17.50% | 3.97B | | -4.04% | 119B | | -2.44% | 54.56B | | +6.44% | 47.08B | | -9.32% | 38.67B | | -2.81% | 22.68B | | -21.75% | 19.26B | | +9.19% | 18.77B | | +3.92% | 17.87B | | +10.82% | 15.58B |
Other Brewers
|