# Budweiser Brewing (1876.HK)

Canonical: https://gigainvestors.com/s/1876.HK

Analysis as of: 2026-10-16T07:35:50.946Z. 

Listing currency: HKD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: HKD 6.01 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 76% since Jan 2023 · "China Revenue Decrease: 13% decrease for the full year 2024." (finance.yahoo.com, Apr 2025)

Story as of 2026-10-16T10:00:06.208Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in beverages brewers; annual sales are USD 6.2 billion.

- Source: https://eodhd.com/api/fundamentals/4BB.F.json#2024-12-31 (filed 2026-10-16T07:35:50.946Z); FY2024: revenue 6246000000; grossProfit 3147000000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 50% to 50.4% during 2022–24.

- Source: https://eodhd.com/api/fundamentals/4BB.F.json#2022-12-31 (filed 2026-10-16T07:35:50.946Z); FY2022: grossProfit / revenue = 50%.

- Source: https://eodhd.com/api/fundamentals/4BB.F.json#2023-12-31 (filed 2026-10-16T07:35:50.946Z); FY2023: grossProfit / revenue = 50.4%.

- Source: https://eodhd.com/api/fundamentals/4BB.F.json#2024-12-31 (filed 2026-10-16T07:35:50.946Z); FY2024: grossProfit / revenue = 50.4%.

### Where the cash goes

Reinvests 2.5% of cash earnings; paid dividends in 6 of 6 years.

- Source: https://www.budweiserapac.com/uploadfiles/2022/04/20220421165500194.pdf (filed 2026-10-16T07:35:50.946Z); FY2019: growth capex 0; upkeep 611000000; owner earnings 932000000. Growth capex / owner earnings = 0.

- Source: https://www.budweiserapac.com/uploadfiles/2022/04/20220421165500194.pdf (filed 2026-10-16T07:35:50.946Z); FY2020: growth capex 0; upkeep 508000000; owner earnings 639800000. Growth capex / owner earnings = 0.

- Source: https://budweiserapac.com/uploadfiles/2022/04/20220426113508570.pdf (filed 2026-10-16T07:35:50.946Z); FY2021: growth capex 0; upkeep 606000000; owner earnings 1039000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/4BB.F.json#2022-12-31 (filed 2026-10-16T07:35:50.946Z); FY2022: growth capex 0; upkeep 494000000; cash acquisitions 8000000; owner earnings 1065200000. Growth capex plus acquisitions / owner earnings = 0.007510326699211416.

- Source: https://eodhd.com/api/fundamentals/4BB.F.json#2023-12-31 (filed 2026-10-16T07:35:50.946Z); FY2023: growth capex 0; upkeep 498000000; cash acquisitions 8000000; owner earnings 978200000. Growth capex plus acquisitions / owner earnings = 0.008178286648947045.

- Source: https://eodhd.com/api/fundamentals/4BB.F.json#2024-12-31 (filed 2026-10-16T07:35:50.946Z); FY2024: growth capex 0; upkeep 379000000; cash acquisitions 24000000; owner earnings 972000000. Growth capex plus acquisitions / owner earnings = 0.024691358024691357.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:35:50.946Z); Dividend observations: [[2019,976000000],[2020,348000000],[2021,374000000],[2022,399000000],[2023,500000000],[2024,698000000]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 87.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); 1876.HK SharesStats.PercentInsiders = 87.23100000000001 percentage points; cache date 2026-10-16.

### What could break it

The Group’s foreign currency risk is primarily related to Euro and US dollar purchases.

- Source: https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0323/2026032300073.pdf (filed ); This includes borrowings, (forecasted) sales, (forecasted) purchases, royalties, dividends, licenses, management fees and interest expense/income. The Group’s foreign currency risk is primarily related to Euro and US dollar purchases. We may hedge operating transactions which are reasonably expected to occur (e.g. cost of goods sold and selling, general & administrative expenses) within the forecast period determined in the financial risk management policy.

### What the price says

The price is 1.6 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:35:50.946Z); Closing price 6.005 HKD; reporting-to-trading FX 7.84744565643883; FY2024 annual sales per share 0.469938046005115; price multiple 1.6283362381595103. FY2024 cash earnings/share 0.0731315691189516. Closing-price date 2026-10-15.

## Monthly share-price history (HKD per share)

- 2019-09: HKD 28.20 per share

- 2019-10: HKD 28.65 per share

- 2019-11: HKD 27.90 per share

- 2019-12: HKD 26.30 per share

- 2020-01: HKD 23.60 per share

- 2020-02: HKD 23.40 per share

- 2020-03: HKD 20.00 per share

- 2020-04: HKD 21.15 per share

- 2020-05: HKD 21.70 per share

- 2020-06: HKD 22.55 per share

- 2020-07: HKD 28.10 per share

- 2020-08: HKD 26.15 per share

- 2020-09: HKD 22.50 per share

- 2020-10: HKD 22.80 per share

- 2020-11: HKD 26.70 per share

- 2020-12: HKD 25.60 per share

- 2021-01: HKD 26.05 per share

- 2021-02: HKD 23.70 per share

- 2021-03: HKD 23.20 per share

- 2021-04: HKD 24.55 per share

- 2021-05: HKD 26.35 per share

- 2021-06: HKD 24.50 per share

- 2021-07: HKD 21.70 per share

- 2021-08: HKD 19.46 per share

- 2021-09: HKD 19.74 per share

- 2021-10: HKD 21.45 per share

- 2021-11: HKD 19.80 per share

- 2021-12: HKD 20.45 per share

- 2022-01: HKD 20.55 per share

- 2022-02: HKD 24.25 per share

- 2022-03: HKD 20.85 per share

- 2022-04: HKD 19.78 per share

- 2022-05: HKD 20.85 per share

- 2022-06: HKD 23.50 per share

- 2022-07: HKD 21.75 per share

- 2022-08: HKD 23.15 per share

- 2022-09: HKD 20.55 per share

- 2022-10: HKD 16.52 per share

- 2022-11: HKD 22.40 per share

- 2022-12: HKD 24.55 per share

- 2023-01: HKD 24.70 per share

- 2023-02: HKD 23.50 per share

- 2023-03: HKD 23.95 per share

- 2023-04: HKD 22.60 per share

- 2023-05: HKD 19.68 per share

- 2023-06: HKD 20.20 per share

- 2023-07: HKD 18.90 per share

- 2023-08: HKD 17.00 per share

- 2023-09: HKD 15.46 per share

- 2023-10: HKD 14.88 per share

- 2023-11: HKD 13.82 per share

- 2023-12: HKD 14.62 per share

- 2024-01: HKD 12.28 per share

- 2024-02: HKD 12.68 per share

- 2024-03: HKD 11.52 per share

- 2024-04: HKD 11.00 per share

- 2024-05: HKD 9.88 per share

- 2024-06: HKD 9.20 per share

- 2024-07: HKD 9.51 per share

- 2024-08: HKD 8.96 per share

- 2024-09: HKD 10.46 per share

- 2024-10: HKD 8.11 per share

- 2024-11: HKD 7.40 per share

- 2024-12: HKD 7.49 per share

- 2025-01: HKD 7.10 per share

- 2025-02: HKD 8.33 per share

- 2025-03: HKD 9.38 per share

- 2025-04: HKD 8.22 per share

- 2025-05: HKD 8.18 per share

- 2025-06: HKD 7.77 per share

- 2025-07: HKD 8.26 per share

- 2025-08: HKD 8.40 per share

- 2025-09: HKD 8.28 per share

- 2025-10: HKD 7.88 per share

- 2025-11: HKD 8.01 per share

- 2025-12: HKD 7.59 per share

- 2026-01: HKD 7.70 per share

- 2026-02: HKD 7.79 per share

- 2026-03: HKD 7.20 per share

- 2026-04: HKD 7.67 per share

- 2026-05: HKD 6.99 per share

- 2026-06: HKD 6.10 per share

- 2026-07: HKD 6.58 per share

- 2026-08: HKD 6.00 per share

- 2026-09: HKD 5.92 per share

- 2026-10: HKD 6.01 per share

## Annual estimated value (HKD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.