China Resources Beer (Holdings) Company Limited
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
1.721.491.48
Price/Sales ratio
N/AN/AN/A
Earnings per Share (EPS)
$4.23$4.87$4.91

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-254.01-10.7662.6464.2180.59191.07168.6173.7670.9239.0029.31191.07
Price/Sales ratio
0.241.231.372.532.477.5511.2210.138.735.161.967.55
Price/Book Value ratio
0.833.582.234.094.1712.7416.6413.8411.396.634.644.17
Price/Cash Flow ratio
9.597.369.1217.7320.0161.1778.8167.7445.0048.4428.4020.01
Price/Free Cash Flow ratio
-9.15-60.0416.0329.7029.3096.12102.8596.0159.42123.3929.1596.12
Price/Earnings Growth ratio
2.33-0.00-0.531.00-4.83-5.732.690.63-14.282.09-1.42-4.83
Dividend Yield
0.67%32.60%N/A0.64%0.65%0.19%0.15%0.37%0.56%0.95%1.61%0.65%
Profitability Indicator Ratios
Gross Profit Margin
25.13%31.07%33.71%33.73%35.13%36.83%38.39%39.15%38.45%41.36%41.87%35.13%
Operating Profit Margin
1.43%6.97%6.37%3.50%2.42%6.32%9.57%13.07%14.66%12.37%12.08%2.42%
Pretax Profit Margin
1.09%6.16%6.06%6.10%4.80%6.63%9.56%18.61%15.67%18.18%18.49%4.80%
Net Profit Margin
-0.09%-11.47%2.19%3.95%3.06%3.95%6.65%13.73%12.31%13.23%13.42%3.06%
Effective Tax Rate
84.19%22.87%18.40%34.69%35.70%40.50%30.40%26.14%21.30%26.33%26.82%40.50%
Return on Assets
-0.08%-7.82%1.47%2.89%2.48%3.15%4.78%8.98%7.57%7.20%7.24%2.48%
Return On Equity
-0.33%-33.28%3.57%6.37%5.18%6.67%9.86%18.77%16.06%17.00%16.49%5.18%
Return on Capital Employed
2.55%8.47%8.37%4.85%3.70%9.66%12.44%14.60%15.36%10.21%10.05%3.70%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.75N/A
Quick Ratio
0.430.240.230.180.160.180.370.440.560.310.390.16
Cash ratio
0.230.140.160.120.100.110.230.250.430.220.250.10
Days of Sales Outstanding
6.347.888.767.455.073.612.271.441.222.301.023.61
Days of Inventory outstanding
79.94117.76117.24107.9294.98104.77113.30116.04124.49151.92145.8994.98
Operating Cycle
86.29125.64126.01115.37100.06108.39115.58117.48125.71154.22146.91100.06
Days of Payables Outstanding
77.7127.2730.3729.9541.3247.2344.0355.8457.8747.3066.8541.32
Cash Conversion Cycle
8.5798.3795.6385.4258.7461.1671.5561.6367.84106.9180.0658.74
Debt Ratios
Debt Ratio
0.150.140.170.080.010.01-0.17-0.130.010.070.010.01
Debt Equity Ratio
0.590.600.410.180.030.02-0.35-0.280.040.160.040.03
Long-term Debt to Capitalization
0.280.270.140.05N/AN/AN/AN/A0.020.120.02N/A
Total Debt to Capitalization
0.370.370.290.150.030.02-0.54-0.390.030.140.040.03
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A33.99N/A
Cash Flow to Debt Ratio
0.140.790.591.225.618.01-0.60-0.726.220.813.908.01
Company Equity Multiplier
3.724.252.422.202.082.112.062.082.112.362.182.08
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.020.160.150.140.120.120.140.140.190.100.130.12
Free Cash Flow / Operating Cash Flow Ratio
-1.04-0.120.560.590.680.630.760.700.750.390.480.63
Cash Flow Coverage Ratio
0.140.790.591.225.618.01-0.60-0.726.220.813.908.01
Short Term Coverage Ratio
0.472.141.001.785.618.01-0.60-0.7213.374.4514.415.61
Dividend Payout Ratio
-171.46%-350.87%N/A41.44%53.12%37.11%26.79%27.92%40.03%37.08%36.68%37.11%