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Budweiser Brewing Co APAC Ltd 01876

Morningstar Rating
HKD 10.04 +0.02 (0.20%)
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Company Report

Price vs Fair Value

01876 is trading at a 46% discount.
Price
HKD 10.02
Fair Value
HKD 44.40
Uncertainty
High
1-Star Price
HKD 11.63
5-Star Price
HKD 47.60
Economic Moat
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Capital Allocation
Kwqmbpxdm

Bulls Say, Bears Say

Bulls

As the market leader in China with a 40% volume share in premium and above segments, Budweiser APAC is perfectly positioned to capture premiumization in its biggest Asian market.

Bears

The tie-up between CR Beer and Heineken will give the Heineken brand access to a nationwide distribution platform, and this could win share from Budweiser APAC

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if 01876 is a good fit for your portfolio.

News

Trading Information

Previous Close Price
HKD 10.02
Day Range
HKD 9.7310.14
52-Week Range
HKD 9.7324.10
Bid/Ask
HKD 10.02 / HKD 10.04
Market Cap
HKD 132.96 Bil
Volume/Avg
11.7 Mil / 17.9 Mil

Key Statistics

Price/Earnings (Normalized)
18.13
Price/Sales
2.48
Dividend Yield (Trailing)
2.96%
Dividend Yield (Forward)
4.13%
Total Yield
3.46%

Company Profile

Budweiser APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent company Anheuser-Busch InBev owns close to 90% of the company's equity.Budweiser APAC's largest markets are China (roughly 80% of 2022 revenue), South Korea (12%), and India (6%). The remaining 2% comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass, and Harbin.
Sector
Consumer Defensive
Industry
Beverages - Brewers
Stock Style Box
Large Core
Total Number of Employees
24,973

Competitors

Valuation

Metric
01876
CARL B
600600
Price/Earnings (Normalized)
18.1316.0827.78
Price/Book Value
1.575.193.89
Price/Sales
2.481.673.15
Price/Cash Flow
10.1510.5024.52
Price/Earnings
01876
CARL B
600600

Financial Strength

Metric
01876
CARL B
600600
Quick Ratio
0.800.501.27
Current Ratio
0.920.641.75
Interest Coverage
40.599.20319.92
Quick Ratio
01876
CARL B
600600

Profitability

Metric
01876
CARL B
600600
Return on Assets (Normalized)
5.75%6.40%7.39%
Return on Equity (Normalized)
8.62%26.70%13.82%
Return on Invested Capital (Normalized)
8.17%12.03%11.99%
Return on Assets
01876
CARL B
600600
See how this stock stacks up to its competitors with Morningstar Investor

Beverages - Brewers Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
FMX
Fomento Economico Mexicano SAB de CV ADRSxjrcllcxZychxf
BUDFF
Anheuser-Busch InBev SA/NVFVQmfs$113.9 Bil
BUD
Anheuser-Busch InBev SA/NV ADRRynxfvvnpTbkdt$113.9 Bil
HINKF
Heineken NVCfngrb$52.9 Bil
HEINY
Heineken NV ADRCbwqjthfvBqfjjt$52.9 Bil
ABEV
Ambev SA ADRDdvmdcpqsXtmn$35.5 Bil
HKHHF
Heineken Holding NVNjyg$22.5 Bil
CABGY
Carlsberg A/S ADRQsccwclwChcz$18.2 Bil
TAP
Molson Coors Beverage Co Shs -B- Non-VotingPdfrkmhgKfsr$13.6 Bil
SAM
Boston Beer Co Inc Class AThfvtsnRzdgs$3.4 Bil

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