Budweiser Brewing Company APAC Limited logo

Budweiser Brewing Company APAC Limited

1876.HK

HKSEConsumer DefensiveBeverages - Alcoholic

Latest quote

HK$6.295

−HK$0.005 · -0.08%

Aug 24, 4:08 PM HKT

1876.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Budweiser Brewing Company APAC Limited, an investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally. It brews, imports, markets, distributes, and sells a portfolio of beer brands, including Budweiser, Stella Artois, Corona, Harbin, Hoegaarden, and Cass. The company was founded in 1876 and is headquartered in Causeway Bay, Hong Kong. Budweiser Brewing Company APAC Limited operates as a subsidiary of AB InBev Brewing Company (APAC) Limited.

Industry
Beverages - Alcoholic
Sector
Consumer Defensive
Headquarters
HK
CEO
Yanjun Cheng
Listed since
Sep 30, 2019
Employees
20,908

Market position

Day range

Current HK$6.295

52-week range

Current HK$6.295

Open
HK$6.30
Previous close
HK$6.30
Volume
6.46M
0.41× average
Average volume
15.87M
Average daily volume
Market cap
83.28B HKD
Beta
0.47
Market reference 1
50-day average
HK$6.4873
-2.96% below average
200-day average
HK$7.3885
-14.80% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
79.87B HKD
P/E (TTM)
19.24×
P/B (TTM)
1.08×
P/S (TTM)
1.84×
EV / EBITDA
6.8×
Earnings yield
3.80%
Free cash flow yield
5.01%
Dividend yield
7.03%

Profitability & efficiency

Gross margin
50.34%
Operating margin
15.03%
Net margin
9.55%
Return on equity
4.77%
Return on assets
3.32%
Return on invested capital
4.42%

Financial health

Debt / equity
0.03×
Current ratio
0.99×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends57%37%17%-3%Gross margin, FY2021: 51.65%Gross margin, FY2022: 49.86%Gross margin, FY2023: 50.36%Gross margin, FY2024: 50.38%Gross margin, FY2025: 50.09%Operating margin, FY2021: 20.50%Operating margin, FY2022: 19.39%Operating margin, FY2023: 18.80%Operating margin, FY2024: 17.58%Operating margin, FY2025: 15.63%Net margin, FY2021: 14.00%Net margin, FY2022: 14.09%Net margin, FY2023: 1.59%Net margin, FY2024: 11.62%Net margin, FY2025: 8.48%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 51.65%. Gross margin FY2022 49.86%. Gross margin FY2023 50.36%. Gross margin FY2024 50.38%. Gross margin FY2025 50.09%. Operating margin FY2021 20.50%. Operating margin FY2022 19.39%. Operating margin FY2023 18.80%. Operating margin FY2024 17.58%. Operating margin FY2025 15.63%. Net margin FY2021 14.00%. Net margin FY2022 14.09%. Net margin FY2023 1.59%. Net margin FY2024 11.62%. Net margin FY2025 8.48%.

Income trends

Revenue

44.94B HKD-7.37%

Operating income

7.02B HKD-17.63%

Net income

3.81B HKD-32.39%
Income trends across reported periods58.8B HKD37.73B HKD16.66B HKD−4.42B HKDRevenue, FY2021: 52.76B HKDRevenue, FY2022: 50.73B HKDRevenue, FY2023: 53.54B HKDRevenue, FY2024: 48.51B HKDRevenue, FY2025: 44.94B HKDOperating income, FY2021: 10.81B HKDOperating income, FY2022: 9.84B HKDOperating income, FY2023: 10.07B HKDOperating income, FY2024: 8.53B HKDOperating income, FY2025: 7.02B HKDNet income, FY2021: 7.38B HKDNet income, FY2022: 7.15B HKDNet income, FY2023: 852M HKDNet income, FY2024: 5.64B HKDNet income, FY2025: 3.81B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 52.76B HKD. Revenue FY2022 50.73B HKD. Revenue FY2023 53.54B HKD. Revenue FY2024 48.51B HKD. Revenue FY2025 44.94B HKD. Operating income FY2021 10.81B HKD. Operating income FY2022 9.84B HKD. Operating income FY2023 10.07B HKD. Operating income FY2024 8.53B HKD. Operating income FY2025 7.02B HKD. Net income FY2021 7.38B HKD. Net income FY2022 7.15B HKD. Net income FY2023 852M HKD. Net income FY2024 5.64B HKD. Net income FY2025 3.81B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue44.94B HKD48.51B HKD53.54B HKD50.73B HKD52.76B HKD
Cost of goods sold22.43B HKD24.07B HKD26.57B HKD26.42B HKD25.51B HKD
Gross profit22.51B HKD24.44B HKD26.96B HKD25.29B HKD27.25B HKD
Selling, general, and administrative15.48B HKD16.33B HKD2.19B HKD2.12B HKD2.38B HKD
Operating expenses15.48B HKD15.91B HKD16.9B HKD15.46B HKD17.33B HKD
Interest income389.8M HKD60M HKD469.74M HKD39M HKD303.14M HKD
Interest expense311.84M HKD35M HKD391.45M HKD25M HKD349.78M HKD
Depreciation and amortization4.72B HKD5B HKD5.07B HKD4.66B HKD5.48B HKD
Operating income7.02B HKD8.53B HKD10.07B HKD9.84B HKD10.81B HKD
Net income3.81B HKD5.64B HKD852M HKD7.15B HKD7.38B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
0.29
FY2025 · -32.56% year over year
Latest fiscal-year revenue
44.94B HKD
FY2025 · -7.37% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.590.480.370.26FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend54.4B50.96B47.52B44.08BFY21FY22FY23FY24FY25

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.4396

2025 complete year+100.2% since 2021

2026 partial: HK$0.4425

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend May 20, 2026

HK$0.4425

Annual

Record May 21, 2026 · Payment Jun 24, 2026

Dividend

Ex-dividend May 21, 2025

HK$0.4396

Annual

Record May 22, 2025 · Payment Jun 25, 2025

Dividend

Ex-dividend May 22, 2024

HK$0.4128

Annual

Record May 23, 2024 · Payment Jun 20, 2024

Dividend

Ex-dividend May 15, 2023

HK$0.2961

Annual

Record May 16, 2023 · Payment Jun 21, 2023

Dividend

Ex-dividend May 16, 2022

HK$0.2368

Annual

Record May 17, 2022 · Payment Jun 22, 2022

Dividend

Ex-dividend May 17, 2021

HK$0.2196

Annual

Record May 18, 2021 · Payment Jun 23, 2021

1876.HK peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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