China Resources Beer (Holdings) Company Limited

SEHK:291 Stock Report

Market Cap: HK$82.1b

China Resources Beer (Holdings) Past Earnings Performance

Past criteria checks 3/6

China Resources Beer (Holdings) has been growing earnings at an average annual rate of 26%, while the Beverage industry saw earnings growing at 19.2% annually. Revenues have been growing at an average rate of 4.3% per year. China Resources Beer (Holdings)'s return on equity is 14.3%, and it has net margins of 13.4%.

Key information

26.0%

Earnings growth rate

26.0%

EPS growth rate

Beverage Industry Growth23.0%
Revenue growth rate4.3%
Return on equity14.3%
Net Margin13.4%
Last Earnings Update30 Jun 2024

Recent past performance updates

China Resources Beer (Holdings)'s (HKG:291) Profits May Not Reveal Underlying Issues

May 01
China Resources Beer (Holdings)'s (HKG:291) Profits May Not Reveal Underlying Issues

Recent updates

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

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

Sep 09
We Think China Resources Beer (Holdings) (HKG:291) Can Stay On Top Of Its Debt

China Resources Beer (Holdings) (HKG:291) Is Due To Pay A Dividend Of CN¥0.407

Aug 21
China Resources Beer (Holdings) (HKG:291) Is Due To Pay A Dividend Of CN¥0.407

China Resources Beer (Holdings) Company Limited's (HKG:291) Share Price Not Quite Adding Up

Jul 11
China Resources Beer (Holdings) Company Limited's (HKG:291) Share Price Not Quite Adding Up

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

Jun 21
The Returns At China Resources Beer (Holdings) (HKG:291) Aren't Growing

China Resources Beer (Holdings)'s (HKG:291) Profits May Not Reveal Underlying Issues

May 01
China Resources Beer (Holdings)'s (HKG:291) Profits May Not Reveal Underlying Issues

Is China Resources Beer (Holdings) Company Limited (HKG:291) Trading At A 25% Discount?

Apr 08
Is China Resources Beer (Holdings) Company Limited (HKG:291) Trading At A 25% Discount?

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

Mar 21
Earnings Update: China Resources Beer (Holdings) Company Limited (HKG:291) Just Reported Its Full-Year Results And Analysts Are Updating Their Forecasts

Returns At China Resources Beer (Holdings) (HKG:291) Appear To Be Weighed Down

Mar 04
Returns At China Resources Beer (Holdings) (HKG:291) Appear To Be Weighed Down

China Resources Beer (Holdings) Company Limited's (HKG:291) Price Is Out Of Tune With Earnings

Jan 29
China Resources Beer (Holdings) Company Limited's (HKG:291) Price Is Out Of Tune With Earnings

Revenue & Expenses Breakdown

How China Resources Beer (Holdings) makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SEHK:291 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 2438,8055,20911,4730
31 Mar 2438,8695,18111,3790
31 Dec 2338,9325,15311,2850
30 Sep 2338,5275,17211,1810
30 Jun 2338,1215,19110,8650
31 Mar 2336,6924,76810,3500
31 Dec 2235,2634,3449,8350
30 Sep 2235,0154,2219,9300
30 Jun 2234,7664,09810,0250
31 Mar 2234,0774,34310,0440
31 Dec 2133,3874,58710,0620
30 Sep 2133,5314,44710,1110
30 Jun 2133,6744,30610,1590
31 Mar 2132,5613,20010,0640
31 Dec 2031,4482,0949,9680
30 Sep 2031,6111,80710,1350
30 Jun 2031,7731,52010,3010
31 Mar 2032,4821,41610,2860
31 Dec 1933,1901,31210,2710
30 Sep 1933,1591,3269,7620
30 Jun 1933,1271,3409,2520
31 Mar 1932,4971,1599,1510
31 Dec 1831,8679779,0500
30 Sep 1831,6951,2458,7610
30 Jun 1831,5231,5138,4710
31 Mar 1830,6281,3448,4150
31 Dec 1729,7321,1758,3580
30 Sep 1729,4941,1858,4320
30 Jun 1729,2551,1948,5050
31 Mar 1728,9759128,3910
31 Dec 1628,6946298,2770
30 Sep 1628,1847857,6110
30 Jun 1627,6739416,9440
31 Mar 1627,8161,0807,2140
31 Dec 1527,9591,2197,4830
30 Sep 1528,8871,3848,0580
30 Jun 1528,3021,4758,1390
31 Mar 1527,9351,1498,2450
31 Dec 1427,5798248,3550
30 Sep 1450,40087413,6550
30 Jun 1474,64494719,3380
31 Mar 1495,9501,23723,5620

Quality Earnings: 291 has high quality earnings.

Growing Profit Margin: 291's current net profit margins (13.4%) are lower than last year (13.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 291's earnings have grown significantly by 26% per year over the past 5 years.

Accelerating Growth: 291's earnings growth over the past year (0.3%) is below its 5-year average (26% per year).

Earnings vs Industry: 291 earnings growth over the past year (0.3%) exceeded the Beverage industry 0.2%.

Return on Equity

High ROE: 291's Return on Equity (14.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 09:07
End of Day Share Price 2024/12/31 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

China Resources Beer (Holdings) Company Limited is covered by 82 analysts. 33 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)
Sichao ChenBOCI Research Ltd.