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Eastroc Beverage (Group) Co. Ltd. Class H
(9980)
Select Model
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Rating:67Neutral
Price Target:
$116.00
Action:Reiterated
Date:07/01/26
The score is primarily supported by strong financial performance, highlighted by robust margins and a solid multi-year growth profile. Offsetting this, technical indicators show a clear downtrend (price below key moving averages with negative MACD), and valuation is relatively rich at ~33x earnings, partially balanced by a ~2.05% dividend yield.
Positive Factors
High and stable margins
TTM gross margin (~45%) and net margin (~21%) show durable pricing power and an efficient cost base in a volume-driven beverage category. Strong margins support reinvestment in distribution and marketing, cushion input-cost shocks, and underpin sustainable operating cash generation over months.
Negative Factors
Balance-sheet volatility
Large year-to-year swings in equity and leverage reduce confidence in capital-structure trends. Even though leverage improved to ~0.35 TTM, past volatility can complicate financing plans, increase perceived risk by lenders/investors and constrain long-term strategic moves.
Read all positive and negative factors
Positive Factors
Negative Factors
High and stable margins
TTM gross margin (~45%) and net margin (~21%) show durable pricing power and an efficient cost base in a volume-driven beverage category. Strong margins support reinvestment in distribution and marketing, cushion input-cost shocks, and underpin sustainable operating cash generation over months.
Read all positive factors
Eastroc Beverage (Group) Co. Ltd. Class H (9980) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$99.75B
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)35.7
Beta (1Y)1.66
Revenue Growth29.75%
EPS GrowthN/A
CountryHK
Employees12,376
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)2.78
Shares Outstanding58,182,410
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio13.12
Price to Book (P/B)12.48
Price to Sales (P/S)5.63
P/FCF Ratio29.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$197.40Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)8.81
Revenue Forecast (FY)HK$29.22B
Eastroc Beverage (Group) Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Eastroc Beverage (Group) Co., Ltd. specializes in the manufacturing and distribution of a wide array of beverages throughout China, Vietnam, and Malaysia. This diversified portfolio encompasses popular categories such as energy drinks, electrolyte...
How the Company Makes Money
Eastroc Beverage makes money primarily by selling branded beverages, with revenue recognized from product sales to distributors and retail channel customers. The core revenue stream historically comes from energy drinks (notably the “Eastroc” ener...
Eastroc Beverage (Group) Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.91B | 20.88B | 15.84B | 11.26B | 8.51B | 6.98B |
| Gross Profit | 9.96B | 9.36B | 7.10B | 4.85B | 3.60B | 3.10B |
| EBITDA | 5.65B | 5.57B | 4.46B | 2.85B | 2.08B | 1.71B |
| Net Income | 4.69B | 4.42B | 3.33B | 2.04B | 1.44B | 1.19B |
Balance Sheet | ||||||
| Total Assets | 36.75B | 26.73B | 22.68B | 14.71B | 11.87B | 7.79B |
| Cash, Cash Equivalents and Short-Term Investments | 23.11B | 13.83B | 10.55B | 7.30B | 4.19B | 1.32B |
| Total Debt | 7.20B | 7.06B | 6.64B | 3.31B | 3.27B | 743.64M |
| Total Liabilities | 16.35B | 17.23B | 14.98B | 8.39B | 6.81B | 3.55B |
| Stockholders Equity | 20.40B | 9.42B | 7.69B | 6.32B | 5.06B | 4.24B |
Cash Flow | ||||||
| Free Cash Flow | 3.92B | 4.05B | 4.10B | 2.36B | 1.23B | 1.47B |
| Operating Cash Flow | 5.05B | 6.26B | 5.79B | 3.28B | 2.03B | 2.08B |
| Investing Cash Flow | -7.48B | -4.24B | -6.88B | -758.31M | -3.34B | -3.56B |
| Financing Cash Flow | 7.76B | -2.58B | 1.51B | -1.06B | 1.76B | 1.31B |
Eastroc Beverage (Group) Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$83.06B | 12.53 | 17.79% | ― | ― | ― | |
74 Outperform | HK$467.63B | 25.73 | 44.79% | 1.73% | 22.57% | 31.01% | |
67 Neutral | HK$99.75B | 35.69 | 55.40% | ― | 29.75% | ― | |
65 Neutral | HK$32.22B | 13.52 | 15.51% | 5.64% | 4.51% | 10.64% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | HK$17.84B | 16.39 | 8.95% | 6.30% | ― | ― | |
60 Neutral | HK$18.60B | 57.88 | 11.48% | 1.98% | 1.59% | 10.98% |
* Consumer Defensive Sector Average
HK:9980
Eastroc Beverage (Group) Co. Ltd. Class H
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Eastroc Beverage (Group) Co. Ltd. Class H Corporate Events
Eastroc Beverage’s Controlling Shareholder Boosts H-Share Stake, Tightening Control
May 31, 2026
Eastroc Beverage disclosed that controlling shareholder and actual controller Lin Muqin has increased his H-share holdings in the company, adding to an already substantial position in its 720,772,600-share capital base. Together with deemed concer...
Eastroc Beverage Shareholders Back All Resolutions at 2025 AGM
Apr 29, 2026
Eastroc Beverage held its 2025 annual general meeting in Shenzhen on April 29, 2026, with about 74.6% of issued shares represented, and all 10 directors attending either in person or electronically. Shareholders faced no voting restrictions, and b...
Eastroc Beverage Updates Final 2025 Dividend and Tax Treatment for H-Shareholders
Apr 29, 2026
Eastroc Beverage (Group) Co., Ltd., a China-based non-alcoholic beverage maker listed in Hong Kong, focuses on serving mainland consumers while tapping international capital via its H shares. Its board comprises a mix of executive and independent ...
Eastroc Beverage Issues Unaudited First-Quarter 2026 Report Under Hong Kong Rules
Apr 29, 2026
Eastroc Beverage (Group) Co., Ltd. has released its unaudited first quarterly report for the period from January 1 to March 31, 2026, prepared under China Accounting Standards for Business Enterprises. The company states that the board, senior man...
Eastroc Beverage Sets Final 2025 Dividend and Outlines Tax Terms for H Shareholders
Apr 20, 2026
Eastroc Beverage (Group) Co., Ltd. has declared a final ordinary cash dividend of RMB 25 per 10 shares for the financial year ended 31 December 2025, with shareholder approval set for 29 April 2026. The ex-dividend date is 5 May, the record date i...
Eastroc Beverage Corrects Board Meeting Date for First-Quarter Results
Apr 20, 2026
Eastroc Beverage has issued a clarification regarding the date of its upcoming board meeting to review and approve the unaudited first-quarter results for the three months ended 31 March 2026. The board meeting, previously announced for 30 April 2...
Eastroc Beverage Sets April 2026 Board Meeting to Approve First-Quarter Results
Apr 20, 2026
Eastroc Beverage (Group) Co., Ltd. has scheduled a board meeting for 30 April 2026 in Shenzhen to review and approve the unaudited first-quarter results for the three months ended 31 March 2026. The board also plans to authorize the publication of...
Eastroc Beverage Sets 2026 AGM to Decide Profit Distribution, Capital Changes and A-Share Buyback Mandate
Apr 7, 2026
Eastroc Beverage (Group) Co., Ltd. has convened its annual general meeting for April 29, 2026 in Shenzhen, where shareholders will review 2025 board and independent director work reports, appoint the 2026 auditor, and approve directors’ remu...
Eastroc Beverage Sets Final 2025 Dividend and Confirms Key Dates for H Shareholders
Apr 7, 2026
Eastroc Beverage (Group) Co., Ltd. has declared a final ordinary cash dividend of RMB 25 per 10 shares for the financial year ended 31 December 2025, subject to shareholder approval on 29 April 2026. The dividend for H shareholders will be paid in...
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.