Returns On Capital Signal Tricky Times Ahead For China Resources Beverage (Holdings) (HKG:2460)
Nov 03
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Hong Kong (HSI) Soft Drinks Industry Analysis
UpdatedNov 08, 2025
DataAggregated Company Financials
Companies5
- 7D1.8%
- 3M12.4%
- 1Y49.1%
- YTDn/a
The Soft Drinks industry is up 1.5% in the last week, with Nongfu Spring up 1.9%. This means that the industry has gained 47% over the past year. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Hong Kong Soft Drinks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 08 Nov 2025 | HK$631.7b | HK$89.2b | HK$16.5b | 17.6x | 38.2x | 7.1x |
| Mon, 06 Oct 2025 | HK$646.4b | HK$89.3b | HK$16.5b | 18.4x | 39.1x | 7.2x |
| Wed, 03 Sep 2025 | HK$599.5b | HK$89.3b | HK$16.5b | 18.3x | 36.3x | 6.7x |
| Fri, 01 Aug 2025 | HK$550.0b | HK$85.9b | HK$15.3b | 15.3x | 35.9x | 6.4x |
| Sun, 29 Jun 2025 | HK$493.6b | HK$86.1b | HK$15.4b | 16.2x | 32.1x | 5.7x |
| Tue, 27 May 2025 | HK$469.8b | HK$85.8b | HK$15.3b | 18x | 30.7x | 5.5x |
| Thu, 24 Apr 2025 | HK$460.5b | HK$83.8b | HK$14.9b | 19.9x | 30.8x | 5.5x |
| Sat, 22 Mar 2025 | HK$461.2b | HK$84.8b | HK$15.3b | 24.7x | 30.1x | 5.4x |
| Mon, 17 Feb 2025 | HK$442.3b | HK$84.9b | HK$15.4b | 19.7x | 28.8x | 5.2x |
| Wed, 15 Jan 2025 | HK$432.4b | HK$84.0b | HK$15.2b | 18.9x | 28.5x | 5.1x |
| Fri, 13 Dec 2024 | HK$465.9b | HK$84.6b | HK$15.3b | 22.6x | 30.4x | 5.5x |
| Sun, 10 Nov 2024 | HK$423.0b | HK$85.7b | HK$15.5b | 24.4x | 27.3x | 4.9x |
| Tue, 08 Oct 2024 | HK$401.0b | HK$72.6b | HK$14.4b | 18.6x | 27.9x | 5.5x |
| Thu, 05 Sep 2024 | HK$313.4b | HK$71.8b | HK$14.2b | 15.2x | 22x | 4.4x |
| Sat, 03 Aug 2024 | HK$346.7b | HK$70.5b | HK$13.6b | 17.2x | 25.5x | 4.9x |
| Mon, 01 Jul 2024 | HK$426.1b | HK$69.9b | HK$13.5b | 20.5x | 31.7x | 6.1x |
| Wed, 29 May 2024 | HK$498.6b | HK$70.1b | HK$13.5b | 23.5x | 36.9x | 7.1x |
| Fri, 26 Apr 2024 | HK$513.3b | HK$70.3b | HK$13.5b | 23.9x | 37.9x | 7.3x |
| Sun, 24 Mar 2024 | HK$466.9b | HK$64.3b | HK$11.2b | 26.5x | 41.6x | 7.3x |
| Tue, 20 Feb 2024 | HK$499.0b | HK$64.7b | HK$11.2b | 28.1x | 44.5x | 7.7x |
| Thu, 18 Jan 2024 | HK$442.3b | HK$64.8b | HK$11.2b | 25.4x | 39.4x | 6.8x |
| Sat, 16 Dec 2023 | HK$516.9b | HK$65.4b | HK$11.3b | 28.6x | 45.6x | 7.9x |
| Mon, 13 Nov 2023 | HK$502.4b | HK$63.8b | HK$11.0b | 28.4x | 45.5x | 7.9x |
| Wed, 11 Oct 2023 | HK$509.8b | HK$63.8b | HK$11.0b | 28.7x | 46.2x | 8x |
| Fri, 08 Sep 2023 | HK$503.1b | HK$63.7b | HK$11.0b | 28.4x | 45.6x | 7.9x |
| Sun, 06 Aug 2023 | HK$508.3b | HK$60.1b | HK$9.9b | 23.3x | 51.5x | 8.5x |
| Tue, 04 Jul 2023 | HK$505.4b | HK$59.6b | HK$9.8b | 24.6x | 51.6x | 8.5x |
| Thu, 01 Jun 2023 | HK$481.4b | HK$60.8b | HK$10.0b | 25.5x | 48.2x | 7.9x |
| Sat, 29 Apr 2023 | HK$486.9b | HK$62.6b | HK$10.3b | 26.3x | 47.4x | 7.8x |
| Mon, 27 Mar 2023 | HK$515.2b | HK$60.1b | HK$9.6b | 37.3x | 53.5x | 8.6x |
| Wed, 22 Feb 2023 | HK$495.1b | HK$60.0b | HK$9.6b | 36.3x | 51.5x | 8.3x |
| Fri, 20 Jan 2023 | HK$495.7b | HK$60.7b | HK$9.7b | 36.6x | 51x | 8.2x |
| Sun, 18 Dec 2022 | HK$487.4b | HK$58.7b | HK$9.4b | 36.5x | 51.8x | 8.3x |
| Tue, 15 Nov 2022 | HK$500.8b | HK$58.0b | HK$9.3b | 37.4x | 53.9x | 8.6x |
Price to Earnings Ratio
53.9x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Soft Drinks 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 39.1x.
- The industry is trading close to its 3-year average PS ratio of 6.8x.
Past Earnings Growth
- The earnings for companies in the Soft Drinks industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 15% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Soft Drinks compare with similar industries?
| HK Market | 1.91% | |
| Consumer Staples | 0.33% | |
| Beverage | 1.41% | |
| Soft Drinks | 1.84% | |
| Distillers and Wine Makers | 4.80% | |
| Brewers | -0.53% | |
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 | |
|---|---|---|---|---|---|
| 9633 Nongfu Spring | HK$52.60 | 1.9% +HK$11.2b | 56.1% | PE40.1x | |
| 506 China Foods | HK$4.20 | 1.2% +HK$139.9m | 64.7% | PE12.3x | |
| 2460 China Resources Beverage (Holdings) | HK$10.52 | 0.1% +HK$24.0m | -29.7% | PE17.6x |
