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Hong Kong (HSI) Beverage Industry Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies11
- 7D3.7%
- 3M11.4%
- 1Y47.6%
- YTD45.7%
Over the last 7 days, the Beverage industry has risen 5.0%, driven by gains from Nongfu Spring of 3.1%. This means that the industry has gained 51% over the past year. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Hong Kong Beverage Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 15 Nov 2025 | HK$896.1b | HK$184.3b | HK$28.7b | 18.2x | 31.3x | 4.9x |
| Mon, 13 Oct 2025 | HK$880.5b | HK$185.0b | HK$28.7b | 18.5x | 30.7x | 4.8x |
| Wed, 10 Sep 2025 | HK$943.1b | HK$220.9b | HK$33.8b | 18.7x | 27.9x | 4.3x |
| Fri, 08 Aug 2025 | HK$868.0b | HK$219.9b | HK$31.5b | 15.8x | 27.6x | 3.9x |
| Sun, 06 Jul 2025 | HK$789.4b | HK$220.9b | HK$32.1b | 15.3x | 24.6x | 3.6x |
| Tue, 03 Jun 2025 | HK$777.3b | HK$219.9b | HK$32.0b | 15.5x | 24.3x | 3.5x |
| Thu, 01 May 2025 | HK$759.3b | HK$217.4b | HK$31.8b | 16.6x | 23.9x | 3.5x |
| Sat, 29 Mar 2025 | HK$771.6b | HK$217.5b | HK$32.0b | 17.6x | 24.1x | 3.5x |
| Mon, 24 Feb 2025 | HK$708.3b | HK$220.1b | HK$32.7b | 15.5x | 21.6x | 3.2x |
| Wed, 22 Jan 2025 | HK$722.2b | HK$219.7b | HK$32.7b | 16x | 22.1x | 3.3x |
| Fri, 20 Dec 2024 | HK$728.0b | HK$219.0b | HK$32.6b | 16.6x | 22.3x | 3.3x |
| Sun, 17 Nov 2024 | HK$687.9b | HK$221.2b | HK$32.8b | 15.1x | 21x | 3.1x |
| Tue, 15 Oct 2024 | HK$726.2b | HK$211.9b | HK$32.8b | 18.4x | 22.1x | 3.4x |
| Thu, 12 Sep 2024 | HK$566.6b | HK$211.6b | HK$32.8b | 13.1x | 17.3x | 2.7x |
| Sat, 10 Aug 2024 | HK$650.1b | HK$210.3b | HK$32.8b | 14.1x | 19.8x | 3.1x |
| Mon, 08 Jul 2024 | HK$719.1b | HK$210.1b | HK$32.8b | 13.9x | 21.9x | 3.4x |
| Wed, 05 Jun 2024 | HK$846.4b | HK$210.7b | HK$32.9b | 16.4x | 25.7x | 4x |
| Fri, 03 May 2024 | HK$952.7b | HK$211.2b | HK$33.0b | 16.4x | 28.9x | 4.5x |
| Sun, 31 Mar 2024 | HK$891.2b | HK$212.3b | HK$32.9b | 15.9x | 27x | 4.2x |
| Tue, 27 Feb 2024 | HK$931.8b | HK$204.2b | HK$30.6b | 17.8x | 30.5x | 4.6x |
| Thu, 25 Jan 2024 | HK$829.9b | HK$207.0b | HK$29.6b | 14.5x | 28.1x | 4x |
| Sat, 23 Dec 2023 | HK$929.2b | HK$205.8b | HK$29.4b | 16.5x | 31.6x | 4.5x |
| Mon, 20 Nov 2023 | HK$979.5b | HK$203.6b | HK$29.0b | 19.1x | 33.7x | 4.8x |
| Wed, 18 Oct 2023 | HK$991.3b | HK$202.6b | HK$28.8b | 19.7x | 34.4x | 4.9x |
| Fri, 15 Sep 2023 | HK$1.0t | HK$203.3b | HK$28.9b | 19.1x | 35.7x | 5.1x |
| Sun, 13 Aug 2023 | HK$1.0t | HK$194.7b | HK$25.2b | 25.7x | 41.3x | 5.4x |
| Tue, 11 Jul 2023 | HK$1.0t | HK$193.7b | HK$25.6b | 24.4x | 40.7x | 5.4x |
| Thu, 08 Jun 2023 | HK$1.1t | HK$196.5b | HK$26.0b | 23.5x | 41.6x | 5.5x |
| Sat, 06 May 2023 | HK$1.1t | HK$200.8b | HK$26.6b | 25.5x | 42.6x | 5.6x |
| Mon, 03 Apr 2023 | HK$1.2t | HK$195.3b | HK$25.3b | 28.1x | 47.1x | 6.1x |
| Wed, 01 Mar 2023 | HK$1.1t | HK$193.0b | HK$25.2b | 22.1x | 45.5x | 5.9x |
| Fri, 27 Jan 2023 | HK$1.2t | HK$195.5b | HK$25.5b | 22.2x | 46.4x | 6.1x |
| Sun, 25 Dec 2022 | HK$1.2t | HK$190.9b | HK$24.9b | 22.8x | 46.2x | 6x |
| Tue, 22 Nov 2022 | HK$1.0t | HK$188.8b | HK$24.6b | 19.9x | 42.3x | 5.5x |
Price to Earnings Ratio
42.3x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Beverage industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 30.9x.
- The 3-year average PS ratio of 4.4x is lower than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Beverage industry have grown 5.2% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Staples industry?
| HK Market | 1.84% | |
| Consumer Staples | 4.68% | |
| Beverage | 3.74% | |
| Brewers | 6.46% | |
| Soft Drinks | 3.03% | |
| Distillers and Wine Makers | 1.64% | |
Industry PE
- Investors are most optimistic about the Soft Drinks industry, which is trading close to its 3-year average PE ratio of 39.0x.
- Analysts are expecting annual earnings growth of 11.5%, which is higher than its past year's earnings growth of 7.7% per year.
- Investors are most pessimistic about the Brewers industry, which is trading below its 3-year average of 24.1x.
Forecasted Growth
- Analysts are most optimistic on the Distillers and Wine Makers industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Brewers industry is expected to see its earnings grow by 9.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9633 Nongfu Spring | HK$54.25 | 3.1% +HK$18.6b | 75.9% | PE41.3x | |
| 291 China Resources Beer (Holdings) | HK$28.60 | 7.1% +HK$6.2b | 5.0% | PE14.6x | |
| 1876 Budweiser Brewing Company APAC | HK$8.24 | 5.9% +HK$6.1b | 7.7% | PE24.2x | |
| 2460 China Resources Beverage (Holdings) | HK$10.81 | 2.8% +HK$695.5m | -16.1% | PE18x | |
| 6979 ZJLD Group | HK$9.30 | 1.6% +HK$508.3m | 37.4% | PE25.1x |
