Budweiser Brewing Company APAC Limited

SEHK:1876 Stock Report

Market Cap: HK$108.7b

Budweiser Brewing Company APAC Valuation

Is 1876 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 1876 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 1876 (HK$8.26) is trading below our estimate of future cash flow value (HK$14.17)

Significantly Below Future Cash Flow Value: 1876 is trading below future cash flow value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1876?

Key metric: As 1876 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1876. This is calculated by dividing 1876's market cap by their current earnings.
What is 1876's PE Ratio?
PE Ratio24.2x
EarningsUS$578.00m
Market CapUS$13.90b

Price to Earnings Ratio vs Peers

How does 1876's PE Ratio compare to its peers?

The above table shows the PE ratio for 1876 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.3x
291 China Resources Beer (Holdings)
13.4x2.99%HK$88.6b
288 WH Group
10x-2.36%HK$124.5b
6969 Smoore International Holdings
65.7x39.41%HK$78.1b
6979 ZJLD Group
24x21.31%HK$31.1b
1876 Budweiser Brewing Company APAC
24.2x13.07%HK$108.7b

Price-To-Earnings vs Peers: 1876 is good value based on its Price-To-Earnings Ratio (24.2x) compared to the peer average (28.8x).


Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data


Price to Earnings Ratio vs Industry

How does 1876's PE Ratio compare vs other companies in the Asian Beverage Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
1876 24.2xIndustry Avg. 18.6xNo. of Companies26PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1876 is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the Asian Beverage industry average (18.6x).


Price to Earnings Ratio vs Fair Ratio

What is 1876's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1876 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.2x
Fair PE Ratio18.1x

Price-To-Earnings vs Fair Ratio: 1876 is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1876 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$8.26
HK$9.43
+14.14%
15.34%HK$14.49HK$7.52n/a24
Feb ’27HK$7.70
HK$9.42
+22.37%
15.35%HK$14.48HK$7.52n/a24
Jan ’27HK$7.59
HK$9.71
+27.95%
14.66%HK$14.42HK$7.83n/a25
Dec ’26HK$8.10
HK$9.72
+19.99%
14.67%HK$14.43HK$7.83n/a25
Nov ’26HK$7.88
HK$9.69
+23.01%
14.59%HK$14.40HK$7.82n/a25
Oct ’26HK$8.28
HK$9.87
+19.14%
15.26%HK$14.87HK$7.83n/a25
Sep ’26HK$8.72
HK$10.04
+15.15%
15.07%HK$14.90HK$7.84n/a25
Aug ’26HK$8.09
HK$10.15
+25.41%
15.36%HK$15.00HK$7.90n/a25
Jul ’26HK$7.77
HK$10.41
+34.00%
14.93%HK$15.14HK$7.99n/a25
Jun ’26HK$8.18
HK$10.65
+30.24%
16.08%HK$15.13HK$7.98n/a25
May ’26HK$8.22
HK$10.76
+30.93%
18.00%HK$15.96HK$7.90n/a24
Apr ’26HK$9.28
HK$11.31
+21.87%
21.63%HK$18.48HK$8.51n/a25
Mar ’26HK$8.33
HK$11.26
+35.16%
21.67%HK$18.47HK$8.17n/a26
Feb ’26HK$7.10
HK$11.05
+55.69%
25.50%HK$18.51HK$7.51HK$7.7026
Jan ’26HK$7.49
HK$11.87
+58.50%
26.31%HK$19.79HK$7.79HK$7.5926
Dec ’25HK$7.40
HK$11.84
+60.00%
25.90%HK$19.82HK$8.01HK$8.1027
Nov ’25HK$7.97
HK$12.09
+51.66%
24.14%HK$19.81HK$8.00HK$7.8827
Oct ’25HK$10.46
HK$12.98
+24.06%
22.23%HK$19.80HK$8.68HK$8.2827
Sep ’25HK$8.96
HK$13.15
+46.80%
21.83%HK$19.74HK$8.68HK$8.7227
Aug ’25HK$9.39
HK$13.75
+46.48%
20.86%HK$19.78HK$8.70HK$8.0927
Jul ’25HK$9.20
HK$15.11
+64.22%
18.62%HK$19.98HK$9.20HK$7.7727
Jun ’25HK$9.88
HK$16.11
+63.10%
20.34%HK$26.66HK$11.01HK$8.1827
May ’25HK$11.00
HK$17.06
+55.09%
19.68%HK$26.69HK$10.99HK$8.2227
Apr ’25HK$11.52
HK$17.25
+49.76%
18.07%HK$26.69HK$11.50HK$9.2827
Mar ’25HK$12.92
HK$18.12
+40.26%
18.87%HK$26.70HK$11.50HK$8.3327
Feb ’25HK$12.66
HK$19.94
+57.48%
16.39%HK$26.67HK$11.50HK$7.1026
HK$9.43
Fair Value
12.4% undervalued intrinsic discount
24
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/11 09:45
End of Day Share Price 2026/02/11 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Budweiser Brewing Company APAC Limited is covered by 44 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Euan Grant McleishBernstein
Chen LuoBofA Global Research
Yunqiao DuCCB International Securities Limited