Asahi Group Holdings (2502) AI Stock Analysis

• Market Cap: ¥2.98T
• Dividend Yield: 2.7%
• Average Volume (3M): 4.58M
• Price to Earnings (P/E): 15.3
• Beta (1Y): 0.52
• Revenue Growth: 4.38%
• EPS Growth: 13.44%
• Country: JP
• Employees: 28,173
• Sector: Consumer Defensive
• Sector Strength: 54
• Industry: Beverages - Alcoholic
• EPS (TTM): 14.32
• Shares Outstanding: 1,521,010,100
• 10 Day Avg. Volume: 4,520,490
• 30 Day Avg. Volume: 4,583,510
• PEG Ratio: -0.70
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥2,399.41
• Price Target Upside: 22.33% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: ¥2,074.00 ▲(5.74%Upside)

Asahi Group Holdings' strong financial performance significantly contributes to the overall score. While the valuation is fair, technical analysis indicates neutral momentum. The absence of new data from earnings calls or corporate events limits the impact of those components.

Positive Factors

Revenue Growth

The company expects revenue growth driven by price mix improvements and premium category expansion, with Japan and Europe being key drivers.

Shareholder Returns

Focus on shareholder returns from a combination of progressive dividend growth and share buybacks, with a projected 6% increase in dividends for FY25.

Negative Factors

Currency Risk

A stronger-than-expected JPY and continued market softness in Oceania are key risks that could impact Asahi's performance.

Profit Decline

The company's profit attributable to shareholders is expected to decline, excluding one-off gains and higher finance costs.

Asahi Group Holdings Business Overview & Revenue Model

Company Description

Asahi Group Holdings, Ltd. is a leading Japanese beverage and food company with a diversified portfolio that spans across alcoholic beverages, soft drinks, and food products. The company's core products include beer, whiskey, spirits, and non-alcoholic beverages such as tea, coffee, and water. Asahi's flagship beer brand, Asahi Super Dry, is renowned globally. The company operates in various regions, including Japan, Europe, Oceania, and Southeast Asia, with a strong focus on innovation and quality to drive growth in domestic and international markets.

How the Company Makes Money

Asahi Group Holdings generates revenue primarily through the sale of its alcoholic and non-alcoholic beverages. The company's key revenue streams include its beer segment, which is led by the popular Asahi Super Dry brand, contributing significantly to its earnings. Additionally, Asahi's acquisition of various international beverage brands and breweries has expanded its market presence and revenue base globally. The company also earns income through its non-alcoholic beverage division, which includes a range of soft drinks and bottled water. Strategic partnerships and acquisitions, such as the purchase of Carlton & United Breweries in Australia, have bolstered Asahi's market position and revenue streams. The company continues to invest in marketing, brand development, and distribution networks to maintain and grow its market share in the competitive beverage industry.

Asahi Group Holdings Financial Statement Overview

Summary

Asahi Group Holdings demonstrates strong financial health with consistent revenue growth, solid profitability, and efficient cash flow management. The balance sheet is stable with moderate leverage, and the company is well-positioned for continued growth.

Income Statement

Asahi Group Holdings has demonstrated robust revenue growth, with a consistent increase in total revenue over the years, highlighted by a TTM revenue of ¥2,953 billion. The company has maintained strong profitability, with a gross profit margin of 37.37% and a net profit margin of 6.42% in the TTM period. The EBIT and EBITDA margins are solid at 9.70% and 14.93%, respectively, indicating efficient operations and cost management.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.59, showing a reasonable level of leverage. The return on equity (ROE) is strong at 7.46%, suggesting effective use of equity to generate profits. The equity ratio stands at 48.26%, indicating a balanced capital structure with significant equity financing.

Cash Flow

The cash flow statement shows a positive trend, with a free cash flow of ¥197 billion and an operating cash flow to net income ratio of 1.66, highlighting strong cash-generating ability relative to net income. The free cash flow to net income ratio is 1.04, indicating efficient conversion of profits into cash flows.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.94T	2.77T	2.51T	2.24T	2.03T
Gross Profit	1.10T	998.93B	921.84B	852.88B	744.61B
EBITDA	426.99B	404.54B	366.42B	329.07B	265.42B
Net Income	192.08B	164.07B	151.56B	153.50B	92.83B
Balance Sheet
Total Assets	5.40T	5.29T	4.83T	4.55T	4.44T
Cash, Cash Equivalents and Short-Term Investments	101.04B	59.95B	47.47B	59.86B	52.69B
Total Debt	1.28T	1.41T	1.50T	1.60T	1.82T
Total Liabilities	2.73T	2.82T	2.77T	2.79T	2.92T
Stockholders Equity	2.67T	2.46T	2.06T	1.76T	1.52T
Cash Flow
Free Cash Flow	295.40B	237.72B	166.15B	245.18B	185.12B
Operating Cash Flow	403.72B	347.55B	265.99B	337.81B	275.86B
Investing Cash Flow	-118.67B	-117.71B	-69.19B	-14.35B	-1.24T
Financing Cash Flow	-272.78B	-226.75B	-219.56B	-320.32B	956.76B

Asahi Group Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1961.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2502, the sentiment is Positive. The current price of 1961.5 is above the 20-day moving average (MA) of 1898.77, above the 50-day MA of 1889.50, and above the 200-day MA of 1784.22, indicating a bullish trend. The MACD of 1.01 indicates Negative momentum. The RSI at 61.89 is Neutral, neither overbought nor oversold. The STOCH value of 80.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2502.

Asahi Group Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2587	76 Outperform	$1.42T	15.99	7.61%	2.50%	3.98%	0.28%
2531	74 Outperform	¥244.46B	15.09		2.44%	6.87%	1.26%
2502	71 Outperform	¥2.98T	15.30	7.40%	2.70%	4.38%	13.44%
2269	67 Neutral	$844.83B	16.46	6.71%	3.25%	4.39%	2.40%
Sector *	65 Neutral	$27.20B	15.73	-4.29%	2.57%	1.03%	4.90%
2501	64 Neutral	¥558.84B	101.81	2.87%	0.72%	2.69%	-47.13%
2503	63 Neutral	$1.60T	28.25	4.91%	3.61%	9.00%	-57.41%

Asahi Group Holdings Corporate Events

Asahi Group Holdings Announces Pricing of New Unsecured Straight Bonds

Asahi Group Holdings, Ltd. has announced the pricing of its 27th and 28th Unsecured Straight Bonds, with total issues amounting to JPY 40 billion and JPY 10 billion, respectively. The proceeds from these bonds will be used to partially redeem Euro-denominated Straight Bonds maturing in September 2025, reflecting Asahi’s strategic financial management and commitment to maintaining its credit ratings.