Budweiser Brewing Co APAC Ltd 01876

Morningstar Rating

Company Report

Price vs Fair Value

01876 is trading at a 347% premium.
Price
HK$10.34
Fair Value
HK$77.60
Uncertainty
High
1-Star Price
HK$93.49
5-Star Price
HK$26.10
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

As the market leader in China with a 40% volume share in premium and above segments, Budweiser APAC is perfectly positioned to capture premiumization in its biggest Asian market.

Bears

The tie-up between CR Beer and Heineken will give the Heineken brand access to a nationwide distribution platform, and this could win share from Budweiser APAC

News

Trading Information

Previous Close Price
Day Range
52-Week Range
Bid/Ask
/
Market Cap
Volume/Avg
/

Key Statistics

Price/Earnings (Normalized)
19.27
Price/Sales
2.66
Dividend Yield (Trailing)
3.99%
Dividend Yield (Forward)
3.99%
Total Yield
4.44%

Company Profile

Budweiser APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent company Anheuser-Busch InBev owns close to 90% of the company's equity.Budweiser APAC's largest markets are China (roughly 80% of 2023 revenue), South Korea (12%), and India (6%). The remaining 2% comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass, and Harbin.
Sector
Consumer Defensive
Industry
Beverages - Brewers
Stock Style Box
Large Core
Total Number of Employees
24,000

Competitors

Valuation

Metric
01876
600600
00291
Price/Earnings (Normalized)
19.2726.5920.01
Price/Book Value
1.703.763.23
Price/Sales
2.663.292.70
Price/Cash Flow
13.8023.4119.53
Price/Earnings
01876
600600
00291

Financial Strength

Metric
01876
600600
00291
Quick Ratio
0.791.410.40
Current Ratio
0.921.630.75
Interest Coverage
52.74235.1551.50
Quick Ratio
01876
600600
00291

Profitability

Metric
01876
600600
00291
Return on Assets (Normalized)
5.67%7.62%6.98%
Return on Equity (Normalized)
8.49%14.27%16.40%
Return on Invested Capital (Normalized)
7.88%12.30%12.46%
Return on Assets
01876
600600
00291

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