Why Tsingtao Brewery's (HKG:168) Soft Earnings Are Just The Beginning Of Its Problems
Nov 05
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Hong Kong (HSI) Brewers Industry Analysis
UpdatedNov 26, 2024
DataAggregated Company Financials
Companies4
- 7D-4.2%
- 3M-4.6%
- 1Y-35.4%
- YTDn/a
Over the last 7 days, the Brewers industry has dropped 4.7%, driven by pullbacks from every company within the industry. The industry has fallen 37% in the last year. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Hong Kong Brewers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 26 Nov 2024 | HK$263.1b | HK$126.4b | HK$15.9b | 14.3x | 16.5x | 2.1x |
| Thu, 24 Oct 2024 | HK$302.2b | HK$129.5b | HK$17.0b | 16.4x | 17.8x | 2.3x |
| Sat, 21 Sep 2024 | HK$256.4b | HK$130.7b | HK$17.1b | 12.7x | 14.9x | 2x |
| Mon, 19 Aug 2024 | HK$283.5b | HK$130.7b | HK$16.8b | 13.7x | 16.8x | 2.2x |
| Wed, 17 Jul 2024 | HK$302.9b | HK$131.5b | HK$16.9b | 15.4x | 17.9x | 2.3x |
| Fri, 14 Jun 2024 | HK$314.7b | HK$131.7b | HK$17.0b | 16.5x | 18.6x | 2.4x |
| Sun, 12 May 2024 | HK$380.5b | HK$132.0b | HK$17.0b | 20x | 22.4x | 2.9x |
| Tue, 09 Apr 2024 | HK$342.8b | HK$133.3b | HK$17.0b | 17.3x | 20.2x | 2.6x |
| Thu, 07 Mar 2024 | HK$375.2b | HK$132.8b | HK$17.1b | 17.2x | 21.9x | 2.8x |
| Sat, 03 Feb 2024 | HK$343.3b | HK$132.8b | HK$17.3b | 14.6x | 19.8x | 2.6x |
| Mon, 01 Jan 2024 | HK$397.2b | HK$132.7b | HK$17.3b | 17.2x | 23x | 3x |
| Wed, 29 Nov 2023 | HK$396.9b | HK$131.9b | HK$17.2b | 17.9x | 23.1x | 3x |
| Fri, 27 Oct 2023 | HK$428.6b | HK$130.7b | HK$16.9b | 20.5x | 25.3x | 3.3x |
| Sun, 24 Sep 2023 | HK$472.9b | HK$130.9b | HK$17.0b | 22.4x | 27.9x | 3.6x |
| Tue, 22 Aug 2023 | HK$490.3b | HK$130.2b | HK$16.7b | 23.4x | 29.3x | 3.8x |
| Thu, 20 Jul 2023 | HK$514.9b | HK$126.4b | HK$16.2b | 27.4x | 31.8x | 4.1x |
| Sat, 17 Jun 2023 | HK$601.0b | HK$127.8b | HK$16.3b | 29.8x | 36.8x | 4.7x |
| Mon, 15 May 2023 | HK$584.8b | HK$129.8b | HK$16.6b | 29.1x | 35.3x | 4.5x |
| Wed, 12 Apr 2023 | HK$677.9b | HK$128.4b | HK$16.4b | 34.2x | 41.4x | 5.3x |
| Fri, 10 Mar 2023 | HK$648.1b | HK$127.3b | HK$16.1b | 33.8x | 40.3x | 5.1x |
| Sun, 05 Feb 2023 | HK$648.4b | HK$131.5b | HK$17.2b | 31.7x | 37.7x | 4.9x |
| Tue, 03 Jan 2023 | HK$638.6b | HK$129.4b | HK$17.0b | 31.3x | 37.7x | 4.9x |
| Thu, 01 Dec 2022 | HK$596.3b | HK$126.7b | HK$16.6b | 30.5x | 35.8x | 4.7x |
| Sat, 29 Oct 2022 | HK$449.1b | HK$126.6b | HK$16.6b | 23.3x | 27x | 3.5x |
| Mon, 26 Sep 2022 | HK$589.8b | HK$126.3b | HK$16.9b | 29.8x | 34.9x | 4.7x |
| Wed, 24 Aug 2022 | HK$610.5b | HK$128.4b | HK$16.9b | 31.3x | 36.2x | 4.8x |
| Fri, 22 Jul 2022 | HK$600.1b | HK$128.0b | HK$17.1b | 29.6x | 35.1x | 4.7x |
| Sun, 19 Jun 2022 | HK$548.4b | HK$128.5b | HK$17.2b | 27.1x | 31.9x | 4.3x |
| Tue, 17 May 2022 | HK$513.7b | HK$127.7b | HK$17.1b | 24.5x | 30.1x | 4x |
| Thu, 14 Apr 2022 | HK$520.0b | HK$132.0b | HK$17.0b | 23.2x | 30.6x | 3.9x |
| Sat, 12 Mar 2022 | HK$584.5b | HK$132.6b | HK$16.3b | 28.9x | 35.9x | 4.4x |
| Mon, 07 Feb 2022 | HK$611.3b | HK$129.7b | HK$15.5b | 33x | 39.5x | 4.7x |
| Wed, 05 Jan 2022 | HK$594.2b | HK$129.9b | HK$15.5b | 31.9x | 38.3x | 4.6x |
| Fri, 03 Dec 2021 | HK$585.5b | HK$129.6b | HK$15.5b | 31.6x | 37.8x | 4.5x |
Price to Earnings Ratio
37.8x
Current Industry PE
- Investors are pessimistic on the Hong Kong Brewers industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 16.6x which is lower than its 3-year average PE of 29.5x.
- The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- Both revenue and earnings for companies in the Brewers industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Comparison
How does Hong Kong Brewers compare with similar industries?
| HK Market | -2.05% | |
| Consumer Staples | -1.60% | |
| Beverage | -1.03% | |
| Brewers | -4.20% | |
| Soft Drinks | 1.09% | |
| Distillers and Wine Makers | 0.58% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| No data available | |||||
