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China Resources Beer (Holdings) Company Limited (0291.HK)

HKD23.06 +0.12 (+0.52%)
HK HKSE Consumer Defensive Beverages - Alcoholic
Address China Resources Building
Wan Chai, HK
CEO Hou Xiaohai
IPO 2000-01-04
ISIN HK0291001490

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Also trades on Hong Kong Stock Exchange · 0291.HK (HKD) Other OTC · CRHKF (USD) Other OTC · CRHKY (USD)
Description

China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China. It offers beer and baijiu products. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015. The company was incorporated in 1965 and is based in Wan Chai, Hong Kong. China Resources Beer (Holdings) Company Limited operates as a subsidiary of CRH (Beer) Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD23.06 +0.12 (+0.52%)
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Volume Profile
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Liquidity & share structure
Average Volume
10M
Beta
0.42
Float Shares
1.56B
Free Float %
48.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.83% -3.97% -9.84% -12.32% -12.95% -7.70% -3.39% -51.74% -65.25% +54.93% +111.17%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
23.06
DCF (Unlevered) 33.31 +44.4%
DCF (Levered) 30.97 +34.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 8 0
Buy 23 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.82
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Beverages - Alcoholic: +1.2%
    -1.7% Q4'25: -6.8% (vs Q4'23)
  • EPS growth Beverages - Alcoholic: +10.7%
    -28.8% Q4'25: -582.6% (vs Q4'23)
  • FCF margin FCF growth · Beverages - Alcoholic: -4.0%
    +9.2% Q4'25: +3.0% (vs Q4'23)
  • EBIT margin Beverages - Alcoholic: +13.7%
    +15.0% Q4'25: -3.1% (vs Q4'23)
  • ROIC Beverages - Alcoholic: +6.8%
    +11.9% Q4'25: -6.1% (vs Q4'23)
  • Share dilution Beverages - Alcoholic: +0.0%
    +0.0% Q4'25: +0.0% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Beverages - Alcoholic: -0.12×
    0.35× Q4'25: 1.05× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.46) × ERP
WACC = 97% × Ke + 3% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 33.46 Current price: 23.06
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
31 Rev. Ana.
18 EPS Ana.
Dec 2027
31 Rev. Ana.
18 EPS Ana.
Dec 2028
14 Rev. Ana.
9 EPS Ana.
Dec 2029
26 Rev. Ana.
10 EPS Ana.
Revenue
29.16B
est: 35.05B (-16.8%)
28.69B
est: 32.23B (-11.0%)
29.73B
est: 35.93B (-17.3%)
36.28B
est: 36.60B (-0.9%)
33.19B
est: 37.83B (-12.3%)
31.45B
est: 38.25B (-17.8%)
33.39B
est: 41.42B (-19.4%)
35.26B
est: 40.85B (-13.7%)
38.93B
est: 42.92B (-9.3%)
38.64B
est: 40.88B (-5.5%)
37.97B
est: 43.31B (-12.3%)
45.48B
44.13B – 46.85B
+5.0% YoY
46.81B
44.85B – 48.57B
+2.9% YoY
48.10B
46.38B – 49.73B
+2.8% YoY
56.79B
54.75B – 58.71B
+18.1% YoY
EBITDA
5.36B
est: 8.15B (-34.3%)
3.56B
est: 7.49B (-52.4%)
4.18B
est: 8.36B (-50.0%)
4.33B
est: 8.51B (-49.2%)
4.53B
est: 8.80B (-48.6%)
5.03B
est: 8.89B (-43.5%)
9.53B
est: 9.63B (-1.1%)
8.38B
est: 9.50B (-11.8%)
9.54B
est: 9.98B (-4.5%)
9.08B
est: 9.91B (-8.4%)
7.96B
est: 10.50B (-24.2%)
11.03B
10.70B – 11.36B
+5.0% YoY
11.35B
10.88B – 11.78B
+2.9% YoY
11.66B
11.25B – 12.06B
+2.8% YoY
13.77B
13.28B – 14.24B
+18.1% YoY
EBIT
1.82B
est: 6.10B (-70.2%)
1.83B
est: 5.61B (-67.4%)
2.21B
est: 6.25B (-64.6%)
2.45B
est: 6.37B (-61.6%)
2.57B
est: 6.59B (-61.0%)
3.07B
est: 6.66B (-54.0%)
7.55B
est: 7.21B (+4.7%)
6.56B
est: 7.11B (-7.7%)
7.26B
est: 7.47B (-2.8%)
6.73B
est: 7.55B (-10.8%)
5.71B
est: 8.00B (-28.6%)
8.40B
8.15B – 8.65B
+5.0% YoY
8.64B
8.28B – 8.97B
+2.9% YoY
8.88B
8.56B – 9.18B
+2.8% YoY
10.49B
10.11B – 10.84B
+18.1% YoY
Net Income
-3.35B
est: 1.11B (-400.2%)
629.00M
est: 1.13B (-44.4%)
1.18B
est: 1.83B (-35.9%)
1.11B
est: 1.98B (-43.7%)
1.31B
est: 2.55B (-48.5%)
2.09B
est: 3.08B (-32.0%)
4.59B
est: 4.92B (-6.8%)
4.34B
est: 4.82B (-9.9%)
5.15B
est: 5.58B (-7.7%)
4.74B
est: 5.40B (-12.3%)
3.37B
est: 5.62B (-40.0%)
6.79B
5.88B – 7.59B
+20.8% YoY
7.24B
6.31B – 8.06B
+6.7% YoY
7.77B
7.41B – 8.11B
+7.3% YoY
9.36B
8.93B – 9.78B
+20.5% YoY
SGA
7.88B
est: 10.71B (-26.4%)
8.57B
est: 9.84B (-12.9%)
8.99B
est: 10.97B (-18.1%)
10.30B
est: 11.18B (-7.8%)
10.97B
est: 11.55B (-5.1%)
10.54B
est: 11.68B (-9.7%)
10.36B
est: 12.65B (-18.1%)
10.07B
est: 12.47B (-19.3%)
11.43B
est: 13.11B (-12.8%)
11.68B
est: 12.04B (-3.0%)
10.65B
est: 12.75B (-16.5%)
13.39B
12.99B – 13.79B
+5.0% YoY
13.78B
13.21B – 14.30B
+2.9% YoY
14.16B
13.65B – 14.64B
+2.8% YoY
16.72B
16.12B – 17.29B
+18.1% YoY
EPS
-1.26
est: 0.34 (-466.8%)
0.22
est: 0.35 (-37.0%)
0.36
est: 0.57 (-36.3%)
0.34
est: 0.61 (-44.2%)
0.40
est: 0.78 (-49.0%)
0.65
est: 0.95 (-31.5%)
1.41
est: 1.52 (-7.1%)
1.34
est: 1.49 (-9.8%)
1.59
est: 1.72 (-7.6%)
1.46
est: 1.67 (-12.4%)
1.04
est: 1.73 (-40.0%)
2.09
1.81 – 2.34
+20.8% YoY
2.23
1.95 – 2.49
+6.7% YoY
2.40
2.28 – 2.50
+7.3% YoY
2.89
2.75 – 3.01
+20.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B- 3/5 4/5 2/5 3/5 3/5 1/5 2/5
2026-05-28 B- 3/5 4/5 2/5 3/5 3/5 1/5 2/5
2026-05-27 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-05-26 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-05-22 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-05-21 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-05-20 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-05-19 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-05-18 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-05-15 B- 3/5 4/5 2/5 3/5 3/5 1/5 2/5
2026-05-14 B- 3/5 4/5 2/5 3/5 3/5 1/5 2/5
2026-05-13 B- 3/5 4/5 2/5 3/5 3/5 1/5 2/5
2026-05-12 B- 3/5 4/5 2/5 3/5 3/5 1/5 2/5
2026-05-11 B- 3/5 4/5 2/5 3/5 3/5 1/5 2/5
2026-05-08 B 3/5 4/5 2/5 3/5 3/5 1/5 3/5
2026-05-07 B 3/5 4/5 2/5 3/5 3/5 1/5 3/5
2026-05-06 B 3/5 4/5 2/5 3/5 3/5 1/5 3/5
2026-05-05 B 3/5 4/5 2/5 3/5 3/5 1/5 3/5
2026-05-04 B 3/5 4/5 2/5 3/5 3/5 1/5 3/5
2026-04-30 B 3/5 4/5 2/5 3/5 3/5 1/5 3/5
2026-04-29 B- 3/5 4/5 2/5 3/5 2/5 1/5 3/5
2026-04-28 B- 3/5 4/5 2/5 3/5 2/5 1/5 3/5
2026-04-27 B- 2/5 4/5 2/5 3/5 2/5 1/5 2/5
2026-04-24 B 3/5 4/5 2/5 4/5 2/5 1/5 3/5
2026-04-23 B- 3/5 4/5 2/5 4/5 2/5 1/5 2/5
2026-04-22 B- 3/5 4/5 2/5 4/5 2/5 1/5 2/5
2026-04-21 B- 3/5 4/5 2/5 4/5 2/5 1/5 2/5
2026-04-20 B- 3/5 4/5 2/5 4/5 2/5 1/5 2/5
2026-04-17 B- 2/5 3/5 2/5 4/5 2/5 1/5 2/5
2026-04-16 B- 2/5 3/5 2/5 4/5 2/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
6.76B
OE per share TTM
2.08
Owner's Yield
8.62%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
58.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 151 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Brandes International ETF BINV 1.36% 2.83M 0.70%
2 Kodex China H 099140.KS 0.35% 80.3K 0.12%
3 BMO Low Volatility Emerging Markets Equity ETF ZLE.TO 0.24% 174.5K 0.51%
4 iShares MSCI EM Consumer Growth UCITS ETF CEMG.L 0.22% 93.0K 0.60%
5 Kodex China H Leverage(H) 204450.KS 0.22% 33.8K 0.64%
6 UBS MSCI China Universal UCITS ETF USD dis CNSG.L 0.21% 489.3K 0.30%
7 Dimensional - Emerging Markets High Profitability ETF DEHP 0.20% 860.5K 0.44%
8 Xtrackers MSCI China UCITS ETF 1C XCS6.L 0.19% 3.74M 0.65%
9 Xtrackers MSCI China UCITS ETF 1D XCS7.L 0.19% 3.74M 0.28%
10 Global X MSCI China ETF (HKD) 3040.HK 0.19% 103.1K 0.18%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
237.7K
Shares Outstanding
3.24B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chunwu Zhao Executive Chairman 3M male
Hanquan Jin Executive Director & President 2M male
Lin Xu Executive Director 1M male
Hongxia Yang Chief Financial Officer & Executive Director 161.6K female
Dayong Cheng General Manager of Group Legal and Secretarial Department male
Tan Tse General Manager of Group Strategic Planning Investor Relations Department male
Wai Keung Leung Company Secretary male
Xianliang Wang Chief Human Resources Officer and Senior Vice President
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits