Budweiser Brewing APAC (1876.HK)

Consumer · HKEX · Hong Kong

HK$6.59-0.90% today

Fundamentals

Market capHK$82.69B

P/E ratio21.6

Dividend yield7.08%

Revenue growth (YoY)+2.2%

Profit margin8.3%

52-week rangeHK$6.00 to HK$9.42

Next earnings2026-07-30

Valuation and ratings

DCF fair valueHK$6.08

Upside to fair value-7.7%

Analyst target (mean)HK$8.86

Analyst rangeHK$6.70 to HK$11.60

Analysts covering25

Consensus viewbuy

Moat score50/100

Overall rating46/100, Hold

Budweiser Brewing APAC trades at HK$6.59, close to the HK$6.08 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.

Our moat model scores it 50 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 21.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

About Budweiser Brewing APAC

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 - BrewersEmployees: 21,000HQ: Hong Kong

1876.HK passes 5 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Dividend powerhouses

Yields above 3%, filtered for the one thing yield screens never check: whether the company can actually afford it.

Low volatility defensives

Companies that move less than the market and pay you to wait. The holdings that let you sleep, and let you hold everything else.

Consumer staples

The companies that sell what people buy regardless of the economy. Dull, and dull is the entire point.

China and Hong Kong

Enormous growth, and a structure in which you may not legally own the company you think you bought. Both are true at once.

Dividend aristocrats

Companies with long, unbroken records of raising their dividend. The record is the point: it is evidence, not a promise.

Common questions

Is Budweiser Brewing APAC (1876.HK) undervalued?

Against our discounted cash flow estimate of HK$6.08, 1876.HK at HK$6.59 is 8% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.

What is 1876.HK's P/E ratio?

1876.HK trades at 21.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.