China Resources Beer (Holdings) Company Limited

SEHK:291 Stock Report

Market Cap: HK$90.2b

China Resources Beer (Holdings) Future Growth

Future criteria checks 1/6

China Resources Beer (Holdings) is forecast to grow earnings and revenue by 4% and 3.6% per annum respectively. EPS is expected to grow by 4% per annum. Return on equity is forecast to be 15.6% in 3 years.

Key information

4.0%

Earnings growth rate

4.00%

EPS growth rate

Beverage earnings growth10.9%
Revenue growth rate3.6%
Future return on equity15.65%
Analyst coverage

Good

Last updated05 Sep 2025

Recent future growth updates

Earnings Update: China Resources Beer (Holdings) Company Limited (HKG:291) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts

Sep 12
Earnings Update: China Resources Beer (Holdings) Company Limited (HKG:291) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts

Recent updates

China Resources Beer (Holdings) Company Limited's (HKG:291) Intrinsic Value Is Potentially 85% Above Its Share Price

Aug 01
China Resources Beer (Holdings) Company Limited's (HKG:291) Intrinsic Value Is Potentially 85% Above Its Share Price

China Resources Beer (Holdings) Company Limited's (HKG:291) Shareholders Might Be Looking For Exit

Jul 16
China Resources Beer (Holdings) Company Limited's (HKG:291) Shareholders Might Be Looking For Exit

China Resources Beer (Holdings) (HKG:291) Is Experiencing Growth In Returns On Capital

Jun 17
China Resources Beer (Holdings) (HKG:291) Is Experiencing Growth In Returns On Capital

Is China Resources Beer (Holdings) Company Limited (HKG:291) Trading At A 40% Discount?

Apr 22
Is China Resources Beer (Holdings) Company Limited (HKG:291) Trading At A 40% Discount?

We Think China Resources Beer (Holdings) (HKG:291) Can Stay On Top Of Its Debt

Apr 07
We Think China Resources Beer (Holdings) (HKG:291) Can Stay On Top Of Its Debt

The Returns At China Resources Beer (Holdings) (HKG:291) Aren't Growing

Feb 25
The Returns At China Resources Beer (Holdings) (HKG:291) Aren't Growing

Risks To Shareholder Returns Are Elevated At These Prices For China Resources Beer (Holdings) Company Limited (HKG:291)

Jan 10
Risks To Shareholder Returns Are Elevated At These Prices For China Resources Beer (Holdings) Company Limited (HKG:291)

Is China Resources Beer (Holdings) (HKG:291) A Risky Investment?

Dec 20
Is China Resources Beer (Holdings) (HKG:291) A Risky Investment?

Returns On Capital At China Resources Beer (Holdings) (HKG:291) Have Hit The Brakes

Nov 14
Returns On Capital At China Resources Beer (Holdings) (HKG:291) Have Hit The Brakes

What China Resources Beer (Holdings) Company Limited's (HKG:291) 31% Share Price Gain Is Not Telling You

Oct 09
What China Resources Beer (Holdings) Company Limited's (HKG:291) 31% Share Price Gain Is Not Telling You

An Intrinsic Calculation For China Resources Beer (Holdings) Company Limited (HKG:291) Suggests It's 47% Undervalued

Sep 30
An Intrinsic Calculation For China Resources Beer (Holdings) Company Limited (HKG:291) Suggests It's 47% Undervalued

Earnings Update: China Resources Beer (Holdings) Company Limited (HKG:291) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts

Sep 12
Earnings Update: China Resources Beer (Holdings) Company Limited (HKG:291) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts

Earnings and Revenue Growth Forecasts

SEHK:291 - Analysts future estimates and past financials data (CNY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202741,7156,4296,3098,90234
12/31/202640,3515,9665,8478,35536
12/31/202539,0375,8635,1487,64034
6/30/202538,8335,8234,9987,289N/A
3/31/202538,7345,2814,5577,109N/A
12/31/202438,6354,7394,1156,928N/A
9/30/202438,7204,9743,3676,152N/A
6/30/202438,8055,2092,6195,375N/A
3/31/202438,8695,1812,1244,762N/A
12/31/202338,9325,1531,6294,149N/A
9/30/202338,5275,1722,3594,652N/A
6/30/202338,1215,1913,0895,154N/A
3/31/202336,6924,7684,1376,000N/A
12/31/202235,2634,3445,1856,846N/A
9/30/202235,0154,2214,2255,985N/A
6/30/202234,7664,0983,2655,123N/A
3/31/202234,0774,3433,3955,059N/A
12/31/202133,3874,5873,5244,995N/A
9/30/202133,5314,4473,4134,650N/A
6/30/202133,6744,3063,3024,305N/A
3/31/202132,5613,2003,3684,393N/A
12/31/202031,4482,0943,4334,480N/A
9/30/202031,6111,8073,4804,620N/A
6/30/202031,7731,5203,5274,759N/A
3/31/202032,4821,4163,0684,429N/A
12/31/201933,1901,3122,6084,098N/A
9/30/201933,1591,3262,8104,355N/A
6/30/201933,1271,3403,0124,611N/A
3/31/201932,4971,159N/A4,273N/A
12/31/201831,867977N/A3,934N/A
9/30/201831,6951,245N/A4,266N/A
6/30/201831,5231,513N/A4,597N/A
3/31/201830,6281,344N/A4,426N/A
12/31/201729,7321,175N/A4,255N/A
9/30/201729,4941,185N/A4,587N/A
6/30/201729,2551,194N/A4,919N/A
3/31/201728,975912N/A4,620N/A
12/31/201628,694629N/A4,320N/A
9/30/201628,184785N/A3,702N/A
6/30/201627,673941N/A3,084N/A
3/31/201627,8161,080N/A3,886N/A
12/31/201527,9591,219N/A4,687N/A
9/30/201528,8871,384N/AN/AN/A
6/30/201528,3021,475N/A6,111N/A
3/31/201527,9351,149N/A4,760N/A
12/31/201427,579824N/A3,410N/A
9/30/201450,400874N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 291's forecast earnings growth (4% per year) is above the savings rate (2.7%).

Earnings vs Market: 291's earnings (4% per year) are forecast to grow slower than the Hong Kong market (12.2% per year).

High Growth Earnings: 291's earnings are forecast to grow, but not significantly.

Revenue vs Market: 291's revenue (3.6% per year) is forecast to grow slower than the Hong Kong market (8.5% per year).

High Growth Revenue: 291's revenue (3.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 291's Return on Equity is forecast to be low in 3 years time (15.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/10 15:30
End of Day Share Price 2025/09/10 00:00
Earnings2025/06/30
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

China Resources Beer (Holdings) Company Limited is covered by 77 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vineet Kulbandu SharmaBarclays
Y. ChenBNP Paribas Securities (Asia)
Chen LuoBofA Global Research