China Resources Beer (Holdings) Company Limited Logo

China Resources Beer (Holdings) Company Limited

0291.HK

(2.2)
Stock Price

23,35 HKD

5.24% ROA

17.55% ROE

33.2x PER

Market Cap.

94.007.032.560,00 HKD

1.94% DER

1.17% Yield

13.6% NPM

China Resources Beer (Holdings) Company Limited Stock Analysis

China Resources Beer (Holdings) Company Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

China Resources Beer (Holdings) Company Limited Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a minimal amount of debt (2%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

2 Assets Growth

With continuous growth in revenue over the last five years, this company has proven to be a lucrative investment option, showcasing its strong financial performance.

3 Dividend

Shareholders can rely on the company's remarkable dividend history, consistently paying dividends for the past five years, demonstrating a steadfast dedication to rewarding investors.

4 ROE

ROE in an average range (8.45%) suggests satisfactory profitability and decent utilization of shareholders' equity.

5 ROA

The stock's ROA (5.24%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

6 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (566) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

7 PBV

The stock's elevated P/BV ratio (3.49x) raises concerns about its overvaluation, making it an imprudent choice for investors seeking value.

8 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

9 Net Profit Growth

Despite the passage of five years, this company's net profit has not shown any improvement, highlighting a lack of growth and making it a less appealing investment prospect.

10 Graham Number

Based on the Graham number, this company's stock price appears to be higher than its intrinsic value, signaling a potentially unfavorable investment choice.

11 Dividend Growth

Potential investors should be aware that the company's dividend growth has shown no upward trend in the past three years, indicating limited potential for increased returns.

China Resources Beer (Holdings) Company Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

China Resources Beer (Holdings) Company Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Sell
3 RSI Hold
4 Stoch RSI Hold

China Resources Beer (Holdings) Company Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

China Resources Beer (Holdings) Company Limited Revenue
Year Revenue Growth
2002 30.587.371.405
2003 36.950.212.660 17.22%
2004 50.156.897.913 26.33%
2005 55.777.432.961 10.08%
2006 65.613.708.931 14.99%
2007 48.257.178.952 -35.97%
2008 56.905.242.196 15.2%
2009 56.464.094.262 -0.78%
2010 73.911.769.468 23.61%
2011 89.158.831.786 17.1%
2012 126.236.000.000 29.37%
2013 146.413.000.000 13.78%
2014 34.482.000.000 -324.61%
2015 33.374.627.078 -3.32%
2016 32.045.628.138 -4.15%
2017 35.700.424.719 10.24%
2018 36.277.743.043 1.59%
2019 37.143.923.379 2.33%
2020 37.347.956.591 0.55%
2021 40.960.464.000 8.82%
2022 32.254.421.488 -26.99%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

China Resources Beer (Holdings) Company Limited Research and Development Expenses
Year Research and Development Expenses Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

China Resources Beer (Holdings) Company Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2002 1.684.332.367
2003 1.828.348.863 7.88%
2004 2.246.302.410 18.61%
2005 2.187.566.664 -2.68%
2006 2.303.202.919 5.02%
2007 2.266.109.834 -1.64%
2008 2.777.991.569 18.43%
2009 3.085.974.808 9.98%
2010 3.866.544.808 20.19%
2011 4.200.413.356 7.95%
2012 6.003.000.000 30.03%
2013 7.131.000.000 15.82%
2014 3.515.000.000 -102.87%
2015 3.498.731.426 -0.46%
2016 3.622.918.299 3.43%
2017 4.017.678.632 9.83%
2018 3.961.670.247 -1.41%
2019 4.863.738.807 18.55%
2020 4.566.360.121 -6.51%
2021 4.071.877.677 -12.14%
2022 4.228.158.548 3.7%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

China Resources Beer (Holdings) Company Limited EBITDA
Year EBITDA Growth
2002 1.917.252.362
2003 1.638.685.551 -17%
2004 2.250.302.978 27.18%
2005 1.659.541.443 -35.6%
2006 2.162.824.857 23.27%
2007 1.977.576.627 -9.37%
2008 5.651.958.124 65.01%
2009 5.958.000.435 5.14%
2010 6.718.941.870 11.33%
2011 6.914.900.138 2.83%
2012 5.799.000.000 -19.24%
2013 6.565.000.000 11.67%
2014 6.353.000.000 -3.34%
2015 3.501.118.824 -81.46%
2016 3.481.083.951 -0.58%
2017 4.054.901.596 14.15%
2018 4.328.238.587 6.32%
2019 3.979.626.138 -8.76%
2020 4.346.652.287 8.44%
2021 5.519.547.354 21.25%
2022 -36.215.488 15340.85%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

China Resources Beer (Holdings) Company Limited Gross Profit
Year Gross Profit Growth
2002 6.057.635.905
2003 6.967.960.924 13.06%
2004 8.268.549.702 15.73%
2005 9.519.118.676 13.14%
2006 11.256.315.180 15.43%
2007 11.768.969.759 4.36%
2008 14.038.763.099 16.17%
2009 14.826.766.265 5.31%
2010 19.025.070.815 22.07%
2011 22.140.791.558 14.07%
2012 30.401.000.000 27.17%
2013 37.373.000.000 18.66%
2014 11.952.000.000 -212.69%
2015 10.369.662.200 -15.26%
2016 10.802.863.350 4.01%
2017 12.042.229.232 10.29%
2018 12.747.926.275 5.54%
2019 13.682.482.894 6.83%
2020 14.340.389.718 4.59%
2021 16.039.689.290 10.59%
2022 10.599.821.464 -51.32%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

China Resources Beer (Holdings) Company Limited Net Profit
Year Net Profit Growth
2002 1.490.985.329
2003 1.551.546.176 3.9%
2004 1.708.097.636 9.17%
2005 2.311.297.527 26.1%
2006 2.783.496.432 16.96%
2007 5.124.274.821 45.68%
2008 2.044.531.355 -150.63%
2009 2.564.748.820 20.28%
2010 4.835.524.628 46.96%
2011 2.292.017.461 -110.97%
2012 3.176.487.492 27.84%
2013 1.490.924.296 -113.05%
2014 1.030.000.000 -44.75%
2015 1.455.118.938 29.22%
2016 629.000.000 -131.34%
2017 1.175.000.000 46.47%
2018 977.000.000 -20.27%
2019 1.312.000.000 25.53%
2020 2.094.000.000 37.34%
2021 4.587.000.000 54.35%
2022 1.226.799.748 -273.9%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

China Resources Beer (Holdings) Company Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2002 1
2003 1 0%
2004 1 0%
2005 1 0%
2006 1 100%
2007 2 0%
2008 1 0%
2009 1 0%
2010 2 100%
2011 1 0%
2012 2 100%
2013 1 0%
2014 0 0%
2015 1 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 1 0%
2021 2 100%
2022 0 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

China Resources Beer (Holdings) Company Limited Free Cashflow
Year Free Cashflow Growth
2002 1.565.645.336
2003 -630.302.140 348.4%
2004 457.933.458 237.64%
2005 807.130.362 43.26%
2006 1.732.666.367 53.42%
2007 -1.012.676.615 271.1%
2008 -2.309.563.197 56.15%
2009 2.790.143.842 182.78%
2010 2.507.245.939 -11.28%
2011 568.148.396 -341.3%
2012 45.000.000 -1162.55%
2013 3.685.000.000 98.78%
2014 -4.468.000.000 182.48%
2015 -686.376.857 -550.95%
2016 2.743.992.066 125.01%
2017 2.809.733.414 2.34%
2018 2.610.376.402 -7.64%
2019 2.918.690.936 10.56%
2020 4.077.064.836 28.41%
2021 4.323.379.613 5.7%
2022 -267.089.244 1718.7%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

China Resources Beer (Holdings) Company Limited Operating Cashflow
Year Operating Cashflow Growth
2002 2.871.984.816
2003 1.358.522.124 -111.41%
2004 2.961.518.734 54.13%
2005 3.623.116.365 18.26%
2006 4.868.110.654 25.57%
2007 4.741.125.205 -2.68%
2008 3.929.691.402 -20.65%
2009 6.989.887.018 43.78%
2010 5.947.678.248 -17.52%
2011 6.311.950.629 5.77%
2012 8.939.000.000 29.39%
2013 10.780.000.000 17.08%
2014 4.264.000.000 -152.81%
2015 5.594.866.666 23.79%
2016 4.824.601.434 -15.97%
2017 5.109.151.997 5.57%
2018 4.478.508.837 -14.08%
2019 4.586.194.576 2.35%
2020 5.320.492.416 13.8%
2021 6.128.059.354 13.18%
2022 208.239.072 -2842.8%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

China Resources Beer (Holdings) Company Limited Capital Expenditure
Year Capital Expenditure Growth
2002 1.306.339.480
2003 1.988.824.263 34.32%
2004 2.503.585.276 20.56%
2005 2.815.986.002 11.09%
2006 3.135.444.287 10.19%
2007 5.753.801.819 45.51%
2008 6.239.254.599 7.78%
2009 4.199.743.176 -48.56%
2010 3.440.432.310 -22.07%
2011 5.743.802.233 40.1%
2012 8.894.000.000 35.42%
2013 7.095.000.000 -25.36%
2014 8.732.000.000 18.75%
2015 6.281.243.523 -39.02%
2016 2.080.609.368 -201.89%
2017 2.299.418.583 9.52%
2018 1.868.132.435 -23.09%
2019 1.667.503.640 -12.03%
2020 1.243.427.580 -34.11%
2021 1.804.679.741 31.1%
2022 475.328.316 -279.67%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

China Resources Beer (Holdings) Company Limited Equity
Year Equity Growth
2002 13.731.277.709
2003 14.332.766.549 4.2%
2004 16.813.644.659 14.76%
2005 18.941.338.696 11.23%
2006 19.192.689.192 1.31%
2007 21.425.464.248 10.42%
2008 22.152.611.692 3.28%
2009 22.756.973.139 2.66%
2010 26.264.722.157 13.36%
2011 29.422.317.370 10.73%
2012 23.886.000.000 -23.18%
2013 24.948.000.000 4.26%
2014 43.021.000.000 42.01%
2015 14.831.708.624 -190.06%
2016 22.412.060.552 33.82%
2017 24.920.174.041 10.06%
2018 24.188.344.127 -3.03%
2019 24.693.526.943 2.05%
2020 28.021.650.656 11.88%
2021 33.006.207.225 15.1%
2022 33.347.197.657 1.02%
2023 34.771.000.000 4.09%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

China Resources Beer (Holdings) Company Limited Assets
Year Assets Growth
2002 29.895.399.177
2003 33.386.302.104 10.46%
2004 41.915.221.799 20.35%
2005 47.321.954.191 11.43%
2006 47.882.956.986 1.17%
2007 56.855.093.817 15.78%
2008 61.509.400.014 7.57%
2009 66.444.867.562 7.43%
2010 76.190.619.108 12.79%
2011 91.979.340.562 17.17%
2012 102.652.480.963 10.4%
2013 121.343.890.422 15.4%
2014 145.025.970.823 16.33%
2015 42.747.398.811 -239.26%
2016 42.630.000.000 -0.28%
2017 40.651.000.000 -4.87%
2018 39.271.000.000 -3.51%
2019 41.591.000.000 5.58%
2020 43.775.000.000 4.99%
2021 51.053.000.000 14.26%
2022 57.313.000.000 10.92%
2023 77.016.000.000 25.58%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

China Resources Beer (Holdings) Company Limited Liabilities
Year Liabilities Growth
2002 12.672.548.049
2003 14.939.185.248 15.17%
2004 19.975.253.586 25.21%
2005 23.439.408.653 14.78%
2006 22.850.540.410 -2.58%
2007 28.597.575.406 20.1%
2008 31.133.757.177 8.15%
2009 35.238.222.461 11.65%
2010 41.003.101.241 14.06%
2011 52.336.826.687 21.66%
2012 103.602.000.000 49.48%
2013 130.341.000.000 20.51%
2014 138.343.000.000 5.78%
2015 36.220.405.216 -281.95%
2016 25.197.374.436 -43.75%
2017 23.891.139.199 -5.47%
2018 20.580.193.892 -16.09%
2019 21.909.207.231 6.07%
2020 24.022.973.351 8.8%
2021 29.684.589.421 19.07%
2022 31.553.878.088 5.92%
2023 42.245.000.000 25.31%

China Resources Beer (Holdings) Company Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
8.7
Net Income per Share
0.87
Price to Earning Ratio
33.2x
Price To Sales Ratio
3.33x
POCF Ratio
22.36
PFCF Ratio
33.75
Price to Book Ratio
2.82
EV to Sales
2.92
EV Over EBITDA
27.74
EV to Operating CashFlow
19.61
EV to FreeCashFlow
29.61
Earnings Yield
0.03
FreeCashFlow Yield
0.03
Market Cap
94,01 Bil.
Enterprise Value
82,45 Bil.
Graham Number
14.2
Graham NetNet
-4.8

Income Statement Metrics

Net Income per Share
0.87
Income Quality
1.48
ROE
0.08
Return On Assets
0.07
Return On Capital Employed
0.11
Net Income per EBT
0.79
EBT Per Ebit
1.32
Ebit per Revenue
0.13
Effective Tax Rate
0.29

Margins

Sales, General, & Administrative to Revenue
0.1
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.41
Operating Profit Margin
0.13
Pretax Profit Margin
0.17
Net Profit Margin
0.14

Dividends

Dividend Yield
0.01
Dividend Yield %
1.17
Payout Ratio
0.69
Dividend Per Share
0.34

Operating Metrics

Operating Cashflow per Share
1.3
Free CashFlow per Share
0.86
Capex to Operating CashFlow
-0.34
Capex to Revenue
-0.05
Capex to Depreciation
-1.07
Return on Invested Capital
0.03
Return on Tangible Assets
0.05
Days Sales Outstanding
0
Days Payables Outstanding
79.87
Days of Inventory on Hand
171.8
Receivables Turnover
0
Payables Turnover
4.57
Inventory Turnover
2.12
Capex per Share
-0.44

Balance Sheet

Cash per Share
3,64
Book Value per Share
10,27
Tangible Book Value per Share
6.92
Shareholders Equity per Share
10.27
Interest Debt per Share
0.2
Debt to Equity
0.02
Debt to Assets
0.01
Net Debt to EBITDA
-3.89
Current Ratio
0.88
Tangible Asset Value
22,46 Bil.
Net Current Asset Value
-7,93 Bil.
Invested Capital
0.02
Working Capital
-3,16 Bil.
Intangibles to Total Assets
0.17
Average Receivables
0,00 Bil.
Average Payables
3,85 Bil.
Average Inventory
8271872335.5
Debt to Market Cap
0.01

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

China Resources Beer (Holdings) Company Limited Dividends
Year Dividends Growth
2000 0
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 1 100%
2007 1 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 1 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 11 100%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 1 0%
2023 0 0%

China Resources Beer (Holdings) Company Limited Profile

About China Resources Beer (Holdings) Company Limited

China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products. The company offers its products under the Heineken, Li, Löwen Fruit Beer, Snow Xiao Pi Qi, Amstel, and Edelweiss brand names. As of March 24, 2022, it operated 65 breweries in 24 provinces, municipalities, and autonomous regions in Mainland China. The company also engages in the manufacture and distribution of Baijiu products; and development and management of real estate. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015. The company is based in Wan Chai, Hong Kong. China Resources Beer (Holdings) Company Limited is a subsidiary of China Resources (Holdings) Company Limited.

CEO
Mr. Xiaohai Hou
Employee
24.000
Address
China Resources Building
Wan Chai,

China Resources Beer (Holdings) Company Limited Executives & BODs

China Resources Beer (Holdings) Company Limited Executives & BODs
# Name Age
1 Mr. Tan Hon Tse
Gen. Mang. of Group Strategic Planning Investor Relations Department
70
2 Mr. Longshan Zhou
Managing Director of Redland Concrete Limited
70
3 Mr. Weiyong Wang
Senior Vice President
70
4 Mr. Wai Keung Leung
Company Sec.
70
5 Mr. Chunyi Fu
Managing Director of China Resources Light Industries & Textiles (holdings) Co Ltd
70
6 Dr. Xianliang Wang
Chief HR Officer and Senior Vice President
70
7 Mr. Dan Zhu
Pres & Director of China Resources Petrochems(Group) Ltd
70
8 Mr. Dayong Cheng
Gen. Mang. of Group Legal and Secretarial Department
70
9 Mr. Xiaohai Hou
Executive Chairman
70
10 Mr. Wei Zhao
Chief Financial Officer
70
11 Mr. Qiang Wei
Vice President & Executive Director
70

China Resources Beer (Holdings) Company Limited Competitors