End-of-day quote
Shanghai S.E.
23:00:00 07/05/2024 BST
|
5-day change
|
1st Jan Change
|
73.24
CNY
|
+0.29%
|
|
+4.08%
|
+10.22%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
25,147
|
57,588
|
73,235
|
61,648
|
32,160
|
35,446
|
-
|
-
|
Enterprise Value (EV)
1 |
23,897
|
56,525
|
70,902
|
58,274
|
29,490
|
31,441
|
31,230
|
29,798
|
P/E ratio
|
38.2
x
|
53.4
x
|
62.8
x
|
48.8
x
|
24.1
x
|
24
x
|
22
x
|
20.5
x
|
Yield
|
2.69%
|
-
|
1.32%
|
2.04%
|
4.21%
|
4.23%
|
4.56%
|
4.87%
|
Capitalization / Revenue
|
7.02
x
|
5.26
x
|
5.58
x
|
4.39
x
|
2.17
x
|
2.25
x
|
2.13
x
|
2.03
x
|
EV / Revenue
|
6.67
x
|
5.17
x
|
5.4
x
|
4.15
x
|
1.99
x
|
2
x
|
1.88
x
|
1.71
x
|
EV / EBITDA
|
28.7
x
|
23.8
x
|
21
x
|
15.5
x
|
7.7
x
|
7.45
x
|
6.95
x
|
6.17
x
|
EV / FCF
|
41.5
x
|
17.8
x
|
24.9
x
|
20.4
x
|
13.5
x
|
10.4
x
|
10.2
x
|
8.88
x
|
FCF Yield
|
2.41%
|
5.61%
|
4.02%
|
4.89%
|
7.4%
|
9.62%
|
9.84%
|
11.3%
|
Price to Book
|
17.7
x
|
98.4
x
|
41.7
x
|
30
x
|
15
x
|
15.8
x
|
14.1
x
|
12
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
|
73.24
|
73.24
|
73.24
|
Announcement Date
|
17/04/20
|
27/04/21
|
06/02/22
|
07/02/23
|
07/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,582
|
10,942
|
13,119
|
14,039
|
14,815
|
15,751
|
16,637
|
17,448
|
EBITDA
1 |
831.7
|
2,378
|
3,375
|
3,772
|
3,830
|
4,219
|
4,496
|
4,828
|
EBIT
1 |
657.6
|
1,964
|
2,948
|
3,299
|
3,353
|
3,656
|
4,012
|
4,287
|
Operating Margin
|
18.36%
|
17.95%
|
22.47%
|
23.5%
|
22.63%
|
23.21%
|
24.11%
|
24.57%
|
Earnings before Tax (EBT)
1 |
827.3
|
2,131
|
2,941
|
3,299
|
3,376
|
3,696
|
4,057
|
4,340
|
Net income
1 |
656.9
|
1,077
|
1,166
|
1,264
|
1,337
|
1,470
|
1,614
|
1,730
|
Net margin
|
18.34%
|
9.84%
|
8.89%
|
9%
|
9.02%
|
9.33%
|
9.7%
|
9.92%
|
EPS
2 |
1.360
|
2.230
|
2.410
|
2.610
|
2.760
|
3.056
|
3.326
|
3.566
|
Free Cash Flow
1 |
576.3
|
3,170
|
2,849
|
2,852
|
2,181
|
3,026
|
3,073
|
3,357
|
FCF margin
|
16.09%
|
28.98%
|
21.71%
|
20.31%
|
14.72%
|
19.21%
|
18.47%
|
19.24%
|
FCF Conversion (EBITDA)
|
69.29%
|
133.33%
|
84.39%
|
75.61%
|
56.94%
|
71.71%
|
68.36%
|
69.53%
|
FCF Conversion (Net income)
|
87.73%
|
294.41%
|
244.25%
|
225.69%
|
163.17%
|
205.8%
|
190.45%
|
194.03%
|
Dividend per Share
2 |
1.400
|
-
|
2.000
|
2.600
|
2.800
|
3.097
|
3.340
|
3.565
|
Announcement Date
|
17/04/20
|
27/04/21
|
06/02/22
|
07/02/23
|
07/02/24
|
-
|
-
|
-
|
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
|
4,750
|
4,865
|
1,911
|
-
|
-
|
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
|
1,223
|
1,260
|
125.5
|
-
|
-
|
Operating Margin
|
13.28%
|
24.21%
|
24.63%
|
27.06%
|
11.39%
|
23.7%
|
26.69%
|
25.28%
|
26.89%
|
-0.79%
|
25.76%
|
25.76%
|
25.89%
|
6.57%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
-
|
928
|
1,010
|
1,149
|
211.7
|
-
|
1,203
|
-
|
1,216
|
6.984
|
1,106
|
1,216
|
1,330
|
155.5
|
-
|
-
|
Net income
1 |
122.5
|
340.6
|
387
|
454.7
|
81.3
|
-
|
478
|
865
|
479.1
|
-7.492
|
451.9
|
493.5
|
520.5
|
22.5
|
-
|
-
|
Net margin
|
6.34%
|
8.89%
|
9.43%
|
10.71%
|
4.38%
|
-
|
10.62%
|
10.17%
|
10.59%
|
-0.42%
|
10.53%
|
10.39%
|
10.7%
|
1.18%
|
-
|
-
|
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
|
06/02/22
|
28/04/22
|
17/08/22
|
27/10/22
|
07/02/23
|
27/04/23
|
16/08/23
|
16/08/23
|
30/10/23
|
07/02/24
|
29/04/24
|
-
|
-
|
-
|
-
|
-
|
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
|
4,005
|
4,216
|
5,648
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
576
|
3,170
|
2,849
|
2,852
|
2,181
|
3,026
|
3,073
|
3,357
|
ROE (net income / shareholders' equity)
|
52.5%
|
45.6%
|
99.7%
|
69.3%
|
67.1%
|
59.2%
|
56.7%
|
53.7%
|
ROA (Net income/ Total Assets)
|
19.3%
|
10.6%
|
11%
|
10.5%
|
10.7%
|
10.6%
|
10.5%
|
9.66%
|
Assets
1 |
3,406
|
10,192
|
10,564
|
12,015
|
12,442
|
13,907
|
15,439
|
17,906
|
Book Value Per Share
2 |
2.930
|
1.210
|
3.630
|
4.250
|
4.420
|
4.640
|
5.180
|
6.120
|
Cash Flow per Share
2 |
1.460
|
7.620
|
7.370
|
7.750
|
6.400
|
7.420
|
7.910
|
8.270
|
Capex
1 |
107
|
519
|
716
|
901
|
916
|
775
|
688
|
630
|
Capex / Sales
|
3%
|
4.75%
|
5.46%
|
6.42%
|
6.18%
|
4.92%
|
4.14%
|
3.61%
|
Announcement Date
|
17/04/20
|
27/04/21
|
06/02/22
|
07/02/23
|
07/02/24
|
-
|
-
|
-
|
Last Close Price
73.24
CNY Average target price
73.46
CNY Spread / Average Target +0.30% Consensus |
1st Jan change
|
Capi.
|
---|
| +10.22% | 4.9B | | +0.62% | 121B | | +0.70% | 55.27B | | +6.87% | 47.29B | | -11.36% | 39.2B | | +0.20% | 22.91B | | -23.26% | 19.28B | | +4.62% | 17.92B | | +11.70% | 15.72B | | +16.03% | 13.63B |
Other Brewers
|