Obermatt

China Resources Beer Holdings

HKG:291 · HK0291001490
BeveragesX-Large

360

93
EV / EBIT93
Price / Owner Earnings64
Owner Earnings Yield86
Dividend Yield95
Price/Sales16
EV / Gross Profit66
Price/Book24
Return on Capital51
Cash Return on Capital67
Return on Equity39
EBIT Margin53
Gross Profitability30
Cash Conversion80
Accruals56
Owner Earnings Margin70
Sales growth52
Profit Growth82
Long-Term EPS Growth98
Owner Earnings Growth15
Reinvestment49
Price momentum43
Debt load81
Refinancing9
Debt Payback100
Liquidity79
Analyst ratings90
Opinion Changes50
Price Target Upside92
Market mood71
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

China Resources Beer Holdings clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryChina
IndustryBeverages
SizeX-Large
TypePublic Company
ExchangeSEHK
ISINHK0291001490
Last UpdateApr 2, 2026
Themes
DistilleryManufacturingRetail

Description

China Resources Beer (Holdings) Company Limited is a beverage company primarily engaged in the production and sale of beer, baijiu, and related products. The company operates in a diversified and competitive market, leveraging its strong brand portfo…

Analysis

Bargain bin

China Resources Beer (Holdings) Company Limited is priced cheaply, and that invites the natural question of why, since the underlying business scores below average.

On valuation, the picture is fair. The owner-earnings multiple stands at 17.8×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 5% a year, against analyst forecasts of 27%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
66
2026

All-time high

66

Jun 2026

All-time low

63

Mar 2026

Average rank

65

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
16
Price/Earnings
31
Price/Book
24
Dividend Yield
95
Value (overall)
30

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

Similar Stocks

The companies this stock is ranked against.

Compare China Resources Beer Holdings with its peers
Lotte Chilsung Beverage
KSC:005300
73
CountrySouth Korea
IndustryBeverages
SizeMedium
Full Stock Analysis →
Kirin
TYO:2503
49
CountryJapan
IndustryBeverages
SizeX-Large
Full Stock Analysis →
HiteJinro
KSC:000140
7
CountrySouth Korea
IndustryBeverages
SizeMedium
Full Stock Analysis →
HITEJINRO
KSC:000080
49
CountrySouth Korea
IndustryBeverages
SizeSmall
Full Stock Analysis →
Nongfu Spring
HKG:9633
80
CountryChina
IndustryBeverages
SizeX-Large
Full Stock Analysis →
China Mengniu Dairy
HKG:2319
95
CountryHong Kong SAR China
IndustryFood Products
SizeX-Large
Full Stock Analysis →

Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →