BEIJING YANJING BREWERY CO.,LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.77 CNY | +2.84% |
|
+0.10% | +13.21% |
| Apr. 25 | Beijing Yanjing Brewery's Q1 Profit Surges 59% | MT |
| Apr. 24 | Beijing Yanjing Brewery Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 18,377 | 24,014 | 23,873 | 29,933 | 24,324 | 27,537 | - | - |
| Enterprise Value (EV) 1 | 15,657 | 20,159 | 18,835 | 24,144 | 17,654 | 19,869 | 18,936 | 17,864 |
| P/E ratio | 79.5 x | 122 x | 105 x | 85 x | 37.7 x | 29.4 x | 23.8 x | 20.3 x |
| Yield | 0.34% | 0.26% | 0.47% | 0.75% | 1.16% | 1.53% | 1.98% | 2.29% |
| Capitalization / Revenue | 1.6 x | 2.2 x | 2 x | 2.27 x | 1.71 x | 1.81 x | 1.69 x | 1.59 x |
| EV / Revenue | 1.37 x | 1.84 x | 1.57 x | 1.83 x | 1.24 x | 1.3 x | 1.16 x | 1.03 x |
| EV / EBITDA | 12.6 x | 15.7 x | 16 x | 17.1 x | 10.2 x | 10.5 x | 8.7 x | 7.18 x |
| EV / FCF | 15.8 x | - | - | 18.5 x | 19.1 x | 30.4 x | 13.7 x | 8.88 x |
| FCF Yield | 6.32% | - | - | 5.4% | 5.23% | 3.29% | 7.28% | 11.3% |
| Price to Book | 1.4 x | 1.81 x | 1.78 x | 2.23 x | 1.76 x | 1.92 x | 1.83 x | 1.76 x |
| Nbr of stocks (in thousands) | 2,818,539 | 2,818,539 | 2,818,539 | 2,818,539 | 2,818,539 | 2,818,539 | - | - |
| Reference price 2 | 6.520 | 8.520 | 8.470 | 10.62 | 8.630 | 9.770 | 9.770 | 9.770 |
| Announcement Date | 4/27/20 | 4/14/21 | 4/27/22 | 4/10/23 | 4/15/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,468 | 10,928 | 11,961 | 13,202 | 14,213 | 15,227 | 16,300 | 17,357 |
| EBITDA 1 | 1,244 | 1,285 | 1,181 | 1,411 | 1,724 | 1,894 | 2,177 | 2,489 |
| EBIT 1 | 420.6 | 477.1 | 434.6 | 691.5 | 1,025 | 1,447 | 1,867 | 2,239 |
| Operating Margin | 3.67% | 4.37% | 3.63% | 5.24% | 7.21% | 9.5% | 11.46% | 12.9% |
| Earnings before Tax (EBT) 1 | 421.7 | 460.3 | 444.6 | 694.6 | 1,039 | 1,460 | 1,822 | 2,147 |
| Net income 1 | 229.8 | 196.9 | 228 | 352.3 | 644.7 | 929.4 | 1,200 | 1,431 |
| Net margin | 2% | 1.8% | 1.91% | 2.67% | 4.54% | 6.1% | 7.36% | 8.24% |
| EPS 2 | 0.0820 | 0.0698 | 0.0810 | 0.1250 | 0.2290 | 0.3320 | 0.4106 | 0.4824 |
| Free Cash Flow 1 | 989.4 | - | - | 1,303 | 923.9 | 654 | 1,379 | 2,011 |
| FCF margin | 8.63% | - | - | 9.87% | 6.5% | 4.3% | 8.46% | 11.59% |
| FCF Conversion (EBITDA) | 79.52% | - | - | 92.35% | 53.59% | 34.52% | 63.34% | 80.8% |
| FCF Conversion (Net income) | 430.56% | - | - | 369.84% | 143.3% | 70.37% | 114.88% | 140.53% |
| Dividend per Share 2 | 0.0220 | 0.0220 | 0.0400 | 0.0800 | 0.1000 | 0.1499 | 0.1930 | 0.2239 |
| Announcement Date | 4/27/20 | 4/14/21 | 4/27/22 | 4/10/23 | 4/15/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | - | 4,099 | 4,791 | 1,797 | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | 616.2 | 632.1 | -348.9 | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | 15.03% | 13.19% | -19.42% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | 617.5 | 643.7 | -348.3 | - | - | - | - | - | - |
| Net income 1 | - | - | - | - | - | - | 449.3 | 442.2 | -311.3 | 102.6 | 647.3 | 498.8 | -329.9 | - | - |
| Net margin | - | - | - | - | - | - | 10.96% | 9.23% | -17.32% | - | - | - | - | - | - |
| EPS 2 | -0.1200 | 0.000300 | 0.1200 | 0.1200 | -0.1100 | 0.0229 | 0.1600 | 0.1600 | -0.1100 | 0.0364 | 0.2098 | 0.1785 | -0.1235 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 0.1665 | - | - |
| Announcement Date | 4/27/22 | 4/27/22 | 8/25/22 | 10/27/22 | 4/10/23 | 4/20/23 | 8/21/23 | 10/25/23 | 4/15/24 | 4/24/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 2,720 | 3,855 | 5,038 | 5,789 | 6,670 | 7,668 | 8,601 | 9,673 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 989 | - | - | 1,303 | 924 | 654 | 1,379 | 2,011 |
| ROE (net income / shareholders' equity) | 1.76% | 1.49% | 1.71% | 2.62% | 4.73% | 6.66% | 7.9% | 8.9% |
| ROA (Net income/ Total Assets) | 1.28% | 1.07% | 1.2% | 1.76% | - | 4.57% | 5.25% | 5.93% |
| Assets 1 | 17,924 | 18,331 | 18,956 | 20,058 | - | 20,336 | 22,846 | 24,152 |
| Book Value Per Share 2 | 4.660 | 4.700 | 4.760 | 4.760 | 4.910 | 5.090 | 5.340 | 5.560 |
| Cash Flow per Share 2 | 0.5600 | 0.5600 | 0.5800 | 0.6100 | 0.5000 | 0.6000 | 0.7300 | 0.8000 |
| Capex 1 | 585 | 297 | 393 | 415 | 484 | 622 | 595 | 597 |
| Capex / Sales | 5.1% | 2.72% | 3.29% | 3.14% | 3.41% | 4.08% | 3.65% | 3.44% |
| Announcement Date | 4/27/20 | 4/14/21 | 4/27/22 | 4/10/23 | 4/15/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
9.77
CNY
Average target price
10.95
CNY
Spread / Average Target
+12.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.21% | 3.8B | |
| -3.94% | 119B | |
| +384.45% | 67.41B | |
| -0.59% | 55.17B | |
| +7.57% | 47.58B | |
| -12.53% | 36.89B | |
| 0.00% | 23.13B | |
| +12.68% | 19.06B | |
| -25.17% | 18.42B | |
| +3.94% | 17.59B |
- Stock Market
- Equities
- 000729 Stock
- Financials Beijing Yanjing Brewery Co.,Ltd.
