Market Closed -
Hong Kong S.E.
04:08:42 2024-06-28 EDT
|
5-day change
|
1st Jan Change
|
24.6
CNY
|
-3.15%
|
|
-5.38%
|
-20.26%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
139,816
|
231,622
|
207,129
|
176,970
|
110,951
|
85,160
|
-
|
-
|
Enterprise Value (EV)
1 |
138,051
|
226,115
|
200,685
|
166,535
|
110,488
|
81,999
|
77,950
|
73,259
|
P/E ratio
|
98.6
x
|
92
x
|
36.9
x
|
35.4
x
|
19.8
x
|
13.1
x
|
11.3
x
|
9.9
x
|
Yield
|
0.42%
|
0.43%
|
1.09%
|
1.12%
|
2.97%
|
3.34%
|
3.85%
|
4.42%
|
Capitalization / Revenue
|
3.86
x
|
6.17
x
|
5.05
x
|
4.36
x
|
2.62
x
|
1.89
x
|
1.78
x
|
1.68
x
|
EV / Revenue
|
3.81
x
|
6.02
x
|
4.9
x
|
4.1
x
|
2.61
x
|
1.82
x
|
1.63
x
|
1.44
x
|
EV / EBITDA
|
23.4
x
|
31.9
x
|
19.6
x
|
21.3
x
|
10.8
x
|
7.52
x
|
6.34
x
|
5.36
x
|
EV / FCF
|
48.3
x
|
55.3
x
|
46.4
x
|
28.1
x
|
-
|
12.4
x
|
10.1
x
|
8.41
x
|
FCF Yield
|
2.07%
|
1.81%
|
2.15%
|
3.56%
|
-
|
8.07%
|
9.88%
|
11.9%
|
Price to Book
|
6.51
x
|
9.15
x
|
6.9
x
|
5.73
x
|
3.37
x
|
2.37
x
|
2.06
x
|
1.9
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
|
26.25
|
26.25
|
26.25
|
Announcement Date
|
20-03-20
|
21-03-22
|
22-03-24
|
23-03-24
|
24-03-18
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
36,259
|
37,530
|
40,996
|
40,595
|
42,322
|
44,943
|
47,876
|
50,835
|
EBITDA
1 |
5,887
|
7,083
|
10,239
|
7,837
|
10,196
|
10,906
|
12,285
|
13,657
|
EBIT
1 |
4,004
|
4,999
|
8,218
|
6,051
|
7,720
|
8,743
|
10,130
|
11,502
|
Operating Margin
|
11.04%
|
13.32%
|
20.05%
|
14.91%
|
18.24%
|
19.45%
|
21.16%
|
22.63%
|
Earnings before Tax (EBT)
1 |
2,406
|
3,591
|
7,632
|
6,364
|
7,694
|
8,845
|
10,284
|
11,800
|
Net income
1 |
1,433
|
2,499
|
5,632
|
5,001
|
5,602
|
6,485
|
7,496
|
8,569
|
Net margin
|
3.95%
|
6.66%
|
13.74%
|
12.32%
|
13.24%
|
14.43%
|
15.66%
|
16.86%
|
EPS
2 |
0.4370
|
0.7757
|
1.731
|
1.543
|
1.728
|
2.002
|
2.313
|
2.653
|
Free Cash Flow
1 |
2,858
|
4,091
|
4,322
|
5,922
|
-
|
6,617
|
7,699
|
8,707
|
FCF margin
|
7.88%
|
10.9%
|
10.54%
|
14.59%
|
-
|
14.72%
|
16.08%
|
17.13%
|
FCF Conversion (EBITDA)
|
48.54%
|
57.76%
|
42.21%
|
75.57%
|
-
|
60.68%
|
62.67%
|
63.75%
|
FCF Conversion (Net income)
|
199.38%
|
163.69%
|
76.74%
|
118.43%
|
-
|
102.04%
|
102.71%
|
101.61%
|
Dividend per Share
2 |
0.1804
|
0.3091
|
0.6954
|
0.6127
|
1.017
|
0.8770
|
1.012
|
1.160
|
Announcement Date
|
20-03-20
|
21-03-22
|
22-03-24
|
23-03-24
|
24-03-18
|
-
|
-
|
-
|
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
|
20-03-20
|
20-08-19
|
21-03-22
|
21-08-18
|
22-03-24
|
22-08-17
|
23-03-24
|
23-08-18
|
24-03-18
|
-
|
-
|
-
|
-
|
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
|
-
|
6,617
|
7,699
|
8,707
|
ROE (net income / shareholders' equity)
|
6.81%
|
10.2%
|
20.1%
|
16.9%
|
-
|
18.5%
|
19%
|
19.4%
|
ROA (Net income/ Total Assets)
|
3.25%
|
4.91%
|
9.67%
|
8.02%
|
-
|
8.26%
|
8.96%
|
9.56%
|
Assets
1 |
44,170
|
50,939
|
58,220
|
62,376
|
-
|
78,532
|
83,702
|
89,643
|
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
|
-
|
2.950
|
3.130
|
3.370
|
Capex
1 |
1,633
|
1,248
|
1,804
|
1,897
|
-
|
2,607
|
2,529
|
2,640
|
Capex / Sales
|
4.5%
|
3.32%
|
4.4%
|
4.67%
|
-
|
5.8%
|
5.28%
|
5.19%
|
Announcement Date
|
20-03-20
|
21-03-22
|
22-03-24
|
23-03-24
|
24-03-18
|
-
|
-
|
-
|
Last Close Price
26.25
HKD Average target price
48.55
HKD Spread / Average Target +84.96% Consensus |
1st Jan change
|
Capi.
|
---|
| -7.36% | 118B | | -1.78% | 54.52B | | +6.42% | 46.92B | | -16.90% | 32.32B | | -3.85% | 22.32B | | +7.93% | 17.87B | | -1.32% | 16.91B | | -37.07% | 15.53B | | -0.57% | 11.47B |
Other Brewers
|