Analysis Article • Aug 21
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Hong Kong (HSI) Beverage Industry Analysis
UpdatedAug 23, 2026
DataAggregated Company Financials
Companies12
- 7D-1.2%
- 3M-3.7%
- 1Y-14.2%
- YTD-14.2%
Over the last 7 days, the Beverage industry has dropped 1.2%, driven by China Resources Beer (Holdings) declining 5.2%. However, the industry is down 14% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 23 Aug 2026 | HK$688.1b | HK$196.3b | HK$29.0b | 19.2x | 23.8x | 3.5x |
| Tue, 21 Jul 2026 | HK$699.6b | HK$195.0b | HK$29.0b | 20x | 24.1x | 3.6x |
| Thu, 18 Jun 2026 | HK$697.8b | HK$195.1b | HK$29.0b | 19.5x | 24.1x | 3.6x |
| Sat, 16 May 2026 | HK$741.5b | HK$193.9b | HK$28.8b | 22.3x | 25.7x | 3.8x |
| Mon, 13 Apr 2026 | HK$789.6b | HK$193.3b | HK$28.8b | 22.8x | 27.4x | 4.1x |
| Wed, 11 Mar 2026 | HK$769.0b | HK$189.6b | HK$29.0b | 15.4x | 26.5x | 4.1x |
| Fri, 06 Feb 2026 | HK$821.8b | HK$188.4b | HK$29.4b | 16.9x | 28x | 4.4x |
| Sun, 04 Jan 2026 | HK$802.3b | HK$186.8b | HK$29.1b | 16.6x | 27.6x | 4.3x |
| Tue, 02 Dec 2025 | HK$821.9b | HK$185.2b | HK$28.8b | 17.4x | 28.5x | 4.4x |
| Thu, 30 Oct 2025 | HK$861.3b | HK$185.4b | HK$28.8b | 18.1x | 29.9x | 4.6x |
| Sat, 27 Sep 2025 | HK$853.8b | HK$184.9b | HK$28.7b | 18.5x | 29.8x | 4.6x |
| Mon, 25 Aug 2025 | HK$888.4b | HK$217.7b | HK$32.4b | 15.3x | 27.5x | 4.1x |
| Wed, 23 Jul 2025 | HK$868.7b | HK$220.6b | HK$32.1b | 16.9x | 27.1x | 3.9x |
| Fri, 20 Jun 2025 | HK$759.2b | HK$220.4b | HK$32.0b | 14.5x | 23.7x | 3.4x |
| Sun, 18 May 2025 | HK$793.6b | HK$218.8b | HK$31.8b | 16.4x | 25x | 3.6x |
| Tue, 15 Apr 2025 | HK$777.5b | HK$215.9b | HK$31.5b | 17.6x | 24.7x | 3.6x |
| Thu, 13 Mar 2025 | HK$785.8b | HK$219.1b | HK$32.7b | 16x | 24x | 3.6x |
| Sat, 08 Feb 2025 | HK$726.1b | HK$219.8b | HK$32.7b | 16x | 22.2x | 3.3x |
| Mon, 06 Jan 2025 | HK$704.8b | HK$218.7b | HK$32.5b | 16.5x | 21.7x | 3.2x |
| Wed, 04 Dec 2024 | HK$736.0b | HK$219.7b | HK$32.7b | 15.9x | 22.5x | 3.4x |
| Fri, 01 Nov 2024 | HK$688.7b | HK$223.5b | HK$33.2b | 16.2x | 20.8x | 3.1x |
| Sun, 29 Sep 2024 | HK$734.0b | HK$213.2b | HK$33.0b | 18.1x | 22.2x | 3.4x |
| Tue, 27 Aug 2024 | HK$637.3b | HK$211.9b | HK$32.2b | 14.6x | 19.8x | 3x |
| Thu, 25 Jul 2024 | HK$669.2b | HK$209.8b | HK$32.7b | 13.8x | 20.5x | 3.2x |
| Sat, 22 Jun 2024 | HK$786.5b | HK$210.0b | HK$32.8b | 14.9x | 24x | 3.7x |
| Mon, 20 May 2024 | HK$949.9b | HK$210.8b | HK$32.9b | 17.8x | 28.9x | 4.5x |
| Wed, 17 Apr 2024 | HK$868.8b | HK$212.3b | HK$32.9b | 15x | 26.4x | 4.1x |
| Fri, 15 Mar 2024 | HK$912.9b | HK$205.3b | HK$30.6b | 16.3x | 29.9x | 4.4x |
| Sun, 11 Feb 2024 | HK$869.4b | HK$205.0b | HK$30.7b | 15x | 28.3x | 4.2x |
| Tue, 09 Jan 2024 | HK$865.8b | HK$205.0b | HK$29.3b | 15.6x | 29.6x | 4.2x |
| Thu, 07 Dec 2023 | HK$910.8b | HK$205.1b | HK$29.3b | 16.7x | 31.1x | 4.4x |
| Sat, 04 Nov 2023 | HK$987.4b | HK$202.3b | HK$28.8b | 17.2x | 34.2x | 4.9x |
| Mon, 02 Oct 2023 | HK$1.0t | HK$202.9b | HK$28.8b | 19.1x | 35x | 5x |
| Wed, 30 Aug 2023 | HK$1.0t | HK$199.3b | HK$27.7b | 21.8x | 37x | 5.1x |
Price to Earnings Ratio
37x
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 26.3x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- Both revenue and earnings for companies in the Beverage 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 Trends
Which industries have driven the changes within the Hong Kong Consumer Staples industry?
| HK Market | 3.64% | |
| Consumer Staples | -0.23% | |
| Beverage | -1.21% | |
| Soft Drinks | -0.39% | |
| Brewers | -3.38% | |
| Distillers and Wine Makers | -3.83% | |
Industry PE
- Investors are most optimistic about the Distillers and Wine Makers industry which is trading above its 3-year average PE ratio of 25.9x.
- Analysts are expecting annual earnings growth of 23.7%, which is higher than its past year's earnings decline of 55.8% per year.
- Investors are most pessimistic about the Brewers industry, which is trading close to its 3-year average of 19.8x.
Forecasted Growth
- Analysts are most optimistic on the Distillers and Wine Makers industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 56% per year.
- In contrast, the Soft Drinks industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| 506 China Foods | HK$3.33 | 0.5% +HK$42.0m | -3.8% | PE9.3x | |
| 236 San Miguel Brewery Hong Kong | HK$1.09 | 4.8% +HK$18.7m | -11.4% | PE11.1x |
