Asahi Group Holdings (2502) AI Stock Analysis

• Market Cap: ¥2.52T
• Dividend Yield: 3.23%
• Average Volume (3M): 6.75M
• Price to Earnings (P/E): 14.4
• Beta (1Y): 0.46
• Revenue Growth: 0.86%
• EPS Growth: 0.55%
• Country: JP
• Employees: 28,173
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Alcoholic
• EPS (TTM): 39.30
• Shares Outstanding: 1,521,010,100
• 10 Day Avg. Volume: 8,504,770
• 30 Day Avg. Volume: 6,753,146
• PEG Ratio: 0.76
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 0.85
• P/FCF Ratio: 8.51
• 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: ¥2,600.00
• Price Target Upside: 57.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ¥1,872.00 ▲(13.11% Upside)

The overall stock score is primarily influenced by solid financial performance and reasonable valuation. However, the bearish technical indicators and recent decline in revenue growth and cash flow generation present significant challenges. Investors should be cautious of the current market momentum and focus on the company's ability to reverse negative trends.

Positive Factors

Market Position

Asahi's strong brand recognition with Asahi Super Dry enhances its competitive position, supporting long-term market presence and customer loyalty.

Geographic Diversification

Asahi's diversified geographic operations reduce dependency on any single market, providing resilience against regional economic fluctuations.

Balance Sheet Health

Improved leverage ratios enhance financial stability, providing Asahi with greater flexibility for strategic investments and growth opportunities.

Negative Factors

Revenue Growth Decline

Declining revenue growth poses a challenge to sustaining market share and profitability, necessitating strategic initiatives to reverse the trend.

Free Cash Flow Decrease

Reduced free cash flow limits Asahi's ability to fund new projects and return capital to shareholders, potentially impacting long-term growth.

Cash Generation Ability

Moderate cash generation from operations may constrain Asahi's capacity to invest in growth initiatives and manage financial obligations effectively.

Asahi Group Holdings Business Overview & Revenue Model

Company Description

Asahi Group Holdings, Ltd., together with its subsidiaries, manufactures and sells alcoholic beverages, soft drinks, and food products in Japan and internationally. It operates through Alcohol Beverages, Soft Drinks, Food, Overseas, and Others segments. The company offers alcoholic beverage products, including imported beers, non-alcohol beer taste beverages, wines, shochu and whiskey products, ready-to-drink beverages, happoshu products, and spirits. It also provides soft drink beverages, such as ciders, carbonated soda water beverages, coffee, tea, lactic acid drinks, mineral waters, sports drinks, and fruit juices. In addition, the company offers food products comprising confectioneries, health foods, supplements, yeast extracts, powdered milk products for infants and baby foods, skin care, and others; and freeze-dried foods, including miso and other soups, porridge, risotto, stews, bowls, pastas, and curries. It provides its products primarily under the Asahi Super Dry, Clear Asahi, Black Nikka, Asahi Dry Zero, Mitsuya Cider, Wilkinson, Wonda, Asahi Juroku-cha, Asahi Oishii Mizu, Calpis, Mintia, Dear-Natura, Peroni Nastro Azzurro, Pilsner Urquell, Cool Ridge, Schweppes, Asahi Gokujo Kire Aji, Wilkinson Highball, Asahi THE RICH, Prime Rich, Zeitaku Shibori, Style Free, Zeitaku Zero, Asahi Off, HATARAKU ATAMANI, WAKODO GLOBAL, Juhinmoku no Ippai, Carlton, Great Northern, Pirate Life, Lech Free, Kozel, Ksiazece, Captain Jack, Zubr, Tyskie, and Ippon Manzoku Bar brands. Further, it is involved in the operation of restaurants; and offers fertilizers, and microbiological and biochemical products. The company was formerly known as Asahi Breweries, Ltd. and changed its name to Asahi Group Holdings, Ltd. in July 2011. Asahi Group Holdings, Ltd. was founded in 1889 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Asahi Group Holdings generates revenue through multiple key streams. The primary source comes from the sale of alcoholic beverages, particularly beer, which includes both its flagship products and a variety of other brands. Additionally, the company earns revenue from non-alcoholic beverages, such as soft drinks, teas, and water, catering to diverse consumer preferences. The food segment further contributes to revenue through the sale of processed foods and dairy products. Asahi also benefits from strategic partnerships and acquisitions, which enhance its market share and distribution capabilities. Factors such as brand loyalty, product innovation, and expanding international markets play crucial roles in driving the company's earnings.

Asahi Group Holdings Financial Statement Overview

Summary

Asahi Group Holdings demonstrates solid profitability and a stable financial position, with strong margins and a healthy balance sheet. However, the recent decline in revenue growth and free cash flow indicates potential challenges in maintaining growth momentum.

Income Statement

Asahi Group Holdings shows stable profitability with a consistent gross profit margin around 37% and a net profit margin of approximately 6.4% in the TTM period. However, the revenue growth rate has turned negative at -1.13% in the TTM, indicating a potential concern in revenue generation. EBIT and EBITDA margins remain healthy, reflecting efficient cost management.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.59 in the TTM, indicating a reduction in leverage compared to previous years. Return on equity is stable at around 7.15%, suggesting consistent profitability relative to shareholder equity. The equity ratio is healthy, showing a strong equity base relative to total assets.

Cash Flow

Free cash flow has decreased by 3.42% in the TTM, which is a concern. The operating cash flow to net income ratio is 0.20, indicating moderate cash generation from operations. The free cash flow to net income ratio is 0.63, reflecting a decent conversion of net income into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.92T	2.94T	2.77T	2.51T	2.24T	2.03T
Gross Profit	1.09T	1.10T	998.93B	921.84B	852.88B	744.61B
EBITDA	424.98B	418.42B	404.54B	363.63B	350.38B	263.66B
Net Income	174.44B	192.08B	164.07B	151.56B	153.50B	92.83B
Balance Sheet
Total Assets	5.43T	5.40T	5.29T	4.83T	4.55T	4.44T
Cash, Cash Equivalents and Short-Term Investments	57.59B	101.04B	59.95B	37.44B	52.74B	48.46B
Total Debt	1.45T	1.28T	1.41T	1.50T	1.60T	1.82T
Total Liabilities	2.76T	2.73T	2.82T	2.77T	2.79T	2.92T
Stockholders Equity	2.67T	2.67T	2.46T	2.06T	1.76T	1.52T
Cash Flow
Free Cash Flow	190.46B	295.40B	237.72B	166.15B	245.18B	185.12B
Operating Cash Flow	301.72B	403.72B	347.55B	265.99B	337.81B	275.86B
Investing Cash Flow	-154.15B	-118.67B	-117.71B	-69.19B	-14.35B	-1.24T
Financing Cash Flow	-138.31B	-272.78B	-226.75B	-219.56B	-320.32B	956.76B

Asahi Group Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1655.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2502, the sentiment is Neutral. The current price of 1655 is above the 20-day moving average (MA) of 1644.24, below the 50-day MA of 1695.59, and below the 200-day MA of 1806.43, indicating a neutral trend. The MACD of -11.09 indicates Negative momentum. The RSI at 47.69 is Neutral, neither overbought nor oversold. The STOCH value of 33.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2502.

Asahi Group Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2269	74 Outperform	¥967.88B	21.02	5.97%	2.96%	2.79%	-6.46%
2587	72 Outperform	¥1.51T	17.65	6.97%	2.42%	1.26%	-13.39%
2503	70 Outperform	¥1.93T	23.60	6.93%	3.05%	4.75%	-24.33%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2531	61 Neutral	¥323.64B	25.20	―	1.92%	5.66%	-25.08%
2502	60 Neutral	¥2.52T	14.37	6.47%	3.23%	0.86%	0.55%
2501	57 Neutral	¥589.02B	82.29	3.63%	0.67%	0.25%	-58.68%

Asahi Group Holdings Corporate Events

Asahi Group Completes ¥70 Billion Share Buyback Program

Asahi Group Holdings has completed a share repurchase program authorized by its board in August 2025, buying back 9,288,900 common shares on the Tokyo Stock Exchange between December 1 and December 22, 2025 at a total cost of approximately ¥16.1 billion. This latest tranche brings total buybacks under the August resolution to 40,379,200 shares for about ¥70 billion, effectively exhausting the authorized amount and signaling a continued focus on shareholder returns and capital efficiency, which may support earnings per share and bolster market confidence in the company’s equity.

The most recent analyst rating on (JP:2502) stock is a Buy with a Yen2600.00 price target. To see the full list of analyst forecasts on Asahi Group Holdings stock, see the JP:2502 Stock Forecast page.

Asahi Group Expands Reach With East African Acquisition

Asahi Group Holdings announced the acquisition of significant shares in Diageo Kenya Limited and UDV (Kenya) Limited, marking its entry into East Africa’s growing beer and spirits market. This strategic move is designed to capitalize on the region’s economic growth and population dynamics, enhancing Asahi’s global footprint and long-term profitability while maintaining EABL’s existing stock listings in Kenya, Uganda, and Tanzania.

The most recent analyst rating on (JP:2502) stock is a Buy with a Yen2600.00 price target. To see the full list of analyst forecasts on Asahi Group Holdings stock, see the JP:2502 Stock Forecast page.

Asahi Group Advances Treasury Share Acquisition

Asahi Group Holdings has announced the progress of its treasury share acquisition, purchasing 11,732,700 shares at a total cost of 20,448,878,418 JPY between November 4 and November 28, 2025. This move is part of a broader strategy approved by the Board of Directors to repurchase up to 45 million shares, aiming to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (JP:2502) stock is a Buy with a Yen2500.00 price target. To see the full list of analyst forecasts on Asahi Group Holdings stock, see the JP:2502 Stock Forecast page.

Asahi Group Holdings Faces Cyberattack Disruption, Reports Mixed Regional Performance

Asahi Group Holdings experienced a cyberattack that delayed the announcement of its Q3 2025 financial results. The disruption primarily affected its Japan operations, while the Europe and Asia Pacific segments showed mixed performance. Europe saw a 3.0% revenue decline due to adverse weather and market conditions, though core operating profit remained on track. In contrast, the Asia Pacific segment saw a 3.1% revenue increase, driven by non-alcoholic beverages, despite challenges in Oceania. The company remains confident in its long-term strategy and is working to restore systems and improve capital efficiency.

The most recent analyst rating on (JP:2502) stock is a Buy with a Yen2500.00 price target. To see the full list of analyst forecasts on Asahi Group Holdings stock, see the JP:2502 Stock Forecast page.

Asahi Group Delays Financial Results Due to Cyberattack

Asahi Group Holdings has announced a delay in releasing its financial results for the fiscal year ending December 31, 2025, due to a system disruption caused by a cyberattack. The company is working to restore its systems and will announce a new date for the financial disclosure once recovery is achieved, while also assessing the impact on its financial performance.

The most recent analyst rating on (JP:2502) stock is a Buy with a Yen2500.00 price target. To see the full list of analyst forecasts on Asahi Group Holdings stock, see the JP:2502 Stock Forecast page.

Asahi Group Reports Progress on Treasury Share Acquisition

Asahi Group Holdings has announced the progress of its treasury share acquisition, purchasing 19,357,600 shares at a total cost of 33,450,330,123 JPY through market purchases on the Tokyo Stock Exchange. This move is part of a larger plan approved by the Board of Directors to acquire up to 45 million shares, reflecting a strategic effort to manage capital and potentially enhance shareholder value.

The most recent analyst rating on (JP:2502) stock is a Buy with a Yen2350.00 price target. To see the full list of analyst forecasts on Asahi Group Holdings stock, see the JP:2502 Stock Forecast page.

Asahi Group Delays Q3 Financial Results Due to Cyberattack

Asahi Group Holdings has announced a delay in releasing its financial results for the third quarter of 2025 due to a ransomware attack that disrupted its systems. This cyberattack has affected order processing and access to accounting data, leading to a postponement in financial disclosures, with the company prioritizing product supply to customers and working on system restoration.

The most recent analyst rating on (JP:2502) stock is a Hold with a Yen1872.00 price target. To see the full list of analyst forecasts on Asahi Group Holdings stock, see the JP:2502 Stock Forecast page.