| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
1876 Overview
Budweiser Brewing Company APAC Limited, an investment holding company, produces, imports, markets, distributes, sells, and exports beer primarily in China, South Korea, India, Vietnam, and other Asia Pacific regions.
Rewards
Risk Analysis
No risks detected for 1876 from our risk checks.
Budweiser Brewing Company APAC Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$18.58 |
| 52 Week High | HK$18.18 |
| 52 Week Low | HK$29.50 |
| Beta | 0.84 |
| 1 Month Change | -3.43% |
| 3 Month Change | -19.22% |
| 1 Year Change | -23.06% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -34.11% |
Recent News & Updates
These 4 Measures Indicate That Budweiser Brewing Company APAC (HKG:1876) Is Using Debt Safely
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Returns At Budweiser Brewing Company APAC (HKG:1876) Appear To Be Weighed Down
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Budweiser Brewing Company APAC (HKG:1876) Has A Pretty Healthy Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Shareholder Returns
| 1876 | HK Beverage | HK Market | |
|---|---|---|---|
| 7D | -5.3% | -0.7% | 0.4% |
| 1Y | -23.1% | -1.8% | 6.7% |
Return vs Industry: 1876 underperformed the Hong Kong Beverage industry which returned -1.5% over the past year.
Return vs Market: 1876 underperformed the Hong Kong Market which returned 5.9% over the past year.
Price Volatility
| 1876 volatility | |
|---|---|
| 1876 Beta | 0.84 |
| Industry Beta | 0.82 |
| Market Beta | 1 |
Stable Share Price: 1876 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 1876's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1888 | 25,737 | Jan Eli B. Craps | https://www.budweiserapac.com |
Budweiser Brewing Company APAC Limited, an investment holding company, produces, imports, markets, distributes, sells, and exports beer primarily in China, South Korea, India, Vietnam, and other Asia Pacific regions. It offers a portfolio of approximately 50 beer brands, including Budweiser, Stella Artois, Corona, Hoegaarden, Cass, and Harbin. The company also produces, markets, distributes, and sells other non-beer beverages.
Budweiser Brewing Company APAC Fundamentals Summary
| 1876 fundamental statistics | |
|---|---|
| Market Cap | US$31.60b |
| Earnings (TTM) | US$832.00m |
| Revenue (TTM) | US$6.49b |
38.0x
P/E Ratio4.9x
P/S RatioIs 1876 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 1876 income statement (TTM) | |
|---|---|
| Revenue | US$6.49b |
| Cost of Revenue | US$3.03b |
| Gross Profit | US$3.46b |
| Expenses | US$2.63b |
| Earnings | US$832.00m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 27, 2021
| Earnings per share (EPS) | 0.063 |
| Gross Margin | 53.28% |
| Net Profit Margin | 12.82% |
| Debt/Equity Ratio | 1.8% |
How did 1876 perform over the long term?
See historical performance and comparisonDividends
1.2%
Current Dividend Yield45%
Payout RatioValuation
Is Budweiser Brewing Company APAC undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1876 (HK$18.58) is trading below our estimate of fair value (HK$56.18)
Significantly Below Fair Value: 1876 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1876 is poor value based on its PE Ratio (38x) compared to the Hong Kong Beverage industry average (26.6x).
PE vs Market: 1876 is poor value based on its PE Ratio (38x) compared to the Hong Kong market (9.7x).
Price to Earnings Growth Ratio
PEG Ratio: 1876 is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: 1876 is overvalued based on its PB Ratio (2.9x) compared to the HK Beverage industry average (0.9x).
Future Growth
How is Budweiser Brewing Company APAC forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
15.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1876's forecast earnings growth (15.2% per year) is above the savings rate (1.5%).
Earnings vs Market: 1876's earnings (15.2% per year) are forecast to grow slower than the Hong Kong market (17.7% per year).
High Growth Earnings: 1876's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1876's revenue (7.1% per year) is forecast to grow slower than the Hong Kong market (12.5% per year).
High Growth Revenue: 1876's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1876's Return on Equity is forecast to be low in 3 years time (10.8%).
Past Performance
How has Budweiser Brewing Company APAC performed over the past 5 years?
-6.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1876 has high quality earnings.
Growing Profit Margin: 1876's current net profit margins (12.8%) are higher than last year (8.5%).
Past Earnings Growth Analysis
Earnings Trend: 1876's earnings have declined by 6.8% per year over the past 5 years.
Accelerating Growth: 1876's earnings growth over the past year (74.4%) exceeds its 5-year average (-6.8% per year).
Earnings vs Industry: 1876 earnings growth over the past year (74.4%) exceeded the Beverage industry 49.8%.
Return on Equity
High ROE: 1876's Return on Equity (7.9%) is considered low.
Financial Health
How is Budweiser Brewing Company APAC's financial position?
Financial Position Analysis
Short Term Liabilities: 1876's short term assets ($2.7B) do not cover its short term liabilities ($4.7B).
Long Term Liabilities: 1876's short term assets ($2.7B) exceed its long term liabilities ($810.0M).
Debt to Equity History and Analysis
Debt Level: 1876's debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 1876's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 1876's debt is well covered by operating cash flow (827%).
Interest Coverage: 1876 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Budweiser Brewing Company APAC current dividend yield, its reliability and sustainability?
1.18%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1876's dividend (1.18%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.22%).
High Dividend: 1876's dividend (1.18%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1876 has been paying a dividend for less than 10 years.
Growing Dividend: 1876's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45%), 1876's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1876's dividends in 3 years are forecast to be well covered by earnings (30.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
Jan Eli B. Craps (44 yo)
2.42yrs
Tenure
US$1,898,000
Compensation
Mr. Jan Eli B. Craps serves as Chief Executive Officer since May 9, 2019 and Co-Chair of the Board of Directors since February 19, 2020 at Budweiser Brewing Company APAC Limited and has been its Executive...
CEO Compensation Analysis
Compensation vs Market: Jan Eli B.'s total compensation ($USD1.90M) is above average for companies of similar size in the Hong Kong market ($USD1.05M).
Compensation vs Earnings: Jan Eli B.'s compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 1876's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: 1876's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Budweiser Brewing Company APAC Limited's employee growth, exchange listings and data sources
Key Information
- Name: Budweiser Brewing Company APAC Limited
- Ticker: 1876
- Exchange: SEHK
- Founded: 1888
- Industry: Brewers
- Sector: Food, Beverage & Tobacco
- Market Cap: HK$245.638b
- Shares outstanding: 13.22b
- Website: https://www.budweiserapac.com
Number of Employees
Location
- Budweiser Brewing Company APAC Limited
- Tower Two, Times Square
- Suites 3012-16
- Causeway Bay
- Hong Kong
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 16:59 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.