China Resources Beer (Holdings) Co Ltd (HK:0291)
:0291
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China Resources Beer (Holdings) Co
(0291)
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Rating:68Neutral
Price Target:
HK$29.00
â–²(10.60% Upside)
Action:DowngradedDate:10/31/25
China Resources Beer's overall stock score of 68 reflects a balanced outlook, driven primarily by strong financial performance with a robust balance sheet and stable profitability, though tempered by a slight revenue decline. Valuation remains reasonable with an attractive dividend yield, while technical indicators suggest neutral to mildly bearish short-term momentum. Financial health is the most significant factor supporting the score.
Positive Factors
Market Position
Dominance of Snow Beer in China secures a strong market position, providing a competitive edge and stable revenue base.
Negative Factors
Revenue Growth Inconsistency
Inconsistent revenue growth can hinder long-term planning and investment, affecting overall business stability and investor confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Market Position
Dominance of Snow Beer in China secures a strong market position, providing a competitive edge and stable revenue base.
Read all positive factors
China Resources Beer (Holdings) Co (0291) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$85.06B
Dividend Yield3.42%
Average Volume (3M)10.99M
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue Growth-0.31%
EPS Growth10.85%
CountryHK
Employees26,059
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)-0.86
Shares Outstanding3,244,177,000
10 Day Avg. Volume11,409,944
30 Day Avg. Volume10,993,231
Financial Highlights & Ratios
PEG Ratio-2.11
Price to Book (P/B)2.58
Price to Sales (P/S)2.12
P/FCF Ratio19.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$34.32Price Target Upside30.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)1.81
Revenue Forecast (FY)HK$39.28B
China Resources Beer (Holdings) Co Business Overview & Revenue Model
Company Description
China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products. The company offers its products under the Heineken, Li, Löwen Fruit Beer, Snow Xiao Pi Qi, Amstel, and Edelweiss br...
How the Company Makes Money
China Resources Beer generates revenue primarily through the sale of its beer products, with a significant portion coming from its extensive distribution network throughout China. The company benefits from economies of scale, allowing it to produc...
China Resources Beer (Holdings) Co Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
85
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.61B | 38.63B | 38.93B | 35.26B | 33.39B | 31.45B |
| Gross Profit | 12.32B | 16.48B | 16.10B | 13.56B | 13.07B | 12.07B |
| EBITDA | 4.58B | 9.08B | 9.54B | 8.38B | 9.53B | 5.03B |
| Net Income | 3.21B | 4.74B | 5.15B | 4.34B | 4.59B | 2.09B |
Balance Sheet | ||||||
| Total Assets | 71.19B | 69.31B | 71.52B | 57.31B | 51.05B | 43.77B |
| Cash, Cash Equivalents and Short-Term Investments | 10.29B | 3.82B | 5.52B | 11.80B | 7.09B | 5.39B |
| Total Debt | 1.17B | 2.30B | 5.29B | 1.21B | 131.00M | 200.00M |
| Total Liabilities | 31.12B | 33.72B | 37.35B | 31.55B | 26.56B | 24.02B |
| Stockholders Equity | 36.20B | 31.69B | 30.30B | 33.31B | 32.95B | 27.96B |
Cash Flow | ||||||
| Free Cash Flow | 2.75B | 4.12B | 1.63B | 5.87B | 4.32B | 4.08B |
| Operating Cash Flow | 3.98B | 6.93B | 4.15B | 7.75B | 6.13B | 5.32B |
| Investing Cash Flow | -2.33B | -2.13B | -9.69B | -1.06B | -2.75B | -1.07B |
| Financing Cash Flow | -3.56B | -6.49B | 927.00M | -811.00M | -1.37B | -1.20B |
China Resources Beer (Holdings) Co Technical Analysis
Neutral
26.22
Price Trends
26.23
Negative
26.68
Negative
26.57
Negative
Market Momentum
-0.21
Negative
53.42
Neutral
81.32
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0291, the sentiment is Neutral. The current price of 26.22 is above the 20-day moving average (MA) of 25.60, below the 50-day MA of 26.23, and below the 200-day MA of 26.57, indicating a neutral trend. The MACD of -0.21 indicates Negative momentum. The RSI at 53.42 is Neutral, neither overbought nor oversold. The STOCH value of 81.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0291.
China Resources Beer (Holdings) Co Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$83.38B | 13.36 | 14.96% | 4.69% | 1.51% | 5.50% | |
68 Neutral | HK$85.06B | -8.03 | 1.45% | 3.42% | -0.31% | 10.85% | |
63 Neutral | HK$99.54B | 26.31 | 5.74% | 5.59% | -9.54% | -27.75% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
54 Neutral | HK$478.17M | 6.04 | 10.82% | 4.07% | 2.77% | -110.76% |
* Consumer Defensive Sector Average
HK:0291
China Resources Beer (Holdings) Co
26.22
1.29
5.18%
HK:0168
Tsingtao Brewery Co
50.85
-4.97
-8.90%
HK:1876
Budweiser Brewing Co. APAC Ltd.
7.55
-0.65
-7.97%
HK:0236
San Miguel Brewery HK Ltd.
1.28
0.61
91.04%
China Resources Beer (Holdings) Co Corporate Events
China Resources Beer Renews Connected-Party Loan Framework Through 2028
Dec 23, 2025
China Resources Beer has renewed its intragroup lending arrangements by entering into new Framework Loan Agreements 2026 with its controlling shareholder China Resources (Holdings) and related parties, ahead of the expiry of the existing 2023 fram...
China Resources Beer Extends Business Travel Services Agreement
Nov 18, 2025
China Resources Beer has entered into a new Business Travel Services Framework Agreement with China Resources Digital, effective from January 1, 2026, to December 31, 2028. This agreement, which involves continuing connected transactions, ensures ...
China Resources Beer Announces Key Board Appointments
Nov 18, 2025
China Resources Beer (Holdings) Co has announced significant changes in its board composition, effective from November 18, 2025. Mr. Xu Lin and Ms. Yang Hongxia have been appointed as executive directors, with Ms. Yang also joining the finance and...
China Resources Beer Announces Board Composition and Roles
Nov 18, 2025
China Resources Beer (Holdings) Co has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement provides insights into the company’s governance structure, which could influen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.