Shareholders In Dynasty Fine Wines Group (HKG:828) Should Look Beyond Earnings For The Full Story
May 10
Hong Kong (HSI) Beverage Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies13
- 7D0.3%
- 3M4.5%
- 1Y-12.9%
- YTD4.0%
Over the last 7 days, the Beverage industry has remained flat. As for the longer term, the industry has declined 13% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Hong Kong Beverage Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$949.9b | HK$210.8b | HK$32.9b | 17.8x | 28.9x | 4.5x |
| Tue, 16 Apr 2024 | HK$868.9b | HK$212.2b | HK$32.9b | 15.1x | 26.4x | 4.1x |
| Thu, 14 Mar 2024 | HK$915.0b | HK$205.3b | HK$30.5b | 16x | 30x | 4.5x |
| Sat, 10 Feb 2024 | HK$878.9b | HK$204.2b | HK$30.6b | 15.1x | 28.7x | 4.3x |
| Mon, 08 Jan 2024 | HK$886.0b | HK$205.5b | HK$29.3b | 15.9x | 30.2x | 4.3x |
| Wed, 06 Dec 2023 | HK$914.9b | HK$205.6b | HK$29.4b | 16.6x | 31.2x | 4.5x |
| Fri, 03 Nov 2023 | HK$979.0b | HK$202.2b | HK$28.8b | 17.1x | 34x | 4.8x |
| Sun, 01 Oct 2023 | HK$1.0t | HK$202.9b | HK$28.8b | 19.1x | 35x | 5x |
| Tue, 29 Aug 2023 | HK$1.0t | HK$198.6b | HK$27.6b | 21.8x | 36.6x | 5.1x |
| Thu, 27 Jul 2023 | HK$1.1t | HK$194.9b | HK$25.8b | 25.6x | 41.3x | 5.5x |
| Sat, 24 Jun 2023 | HK$1.1t | HK$194.9b | HK$25.8b | 23.7x | 41.7x | 5.5x |
| Mon, 22 May 2023 | HK$1.1t | HK$197.9b | HK$26.2b | 24.6x | 41.9x | 5.5x |
| Wed, 19 Apr 2023 | HK$1.2t | HK$192.7b | HK$25.2b | 27.3x | 46.8x | 6.1x |
| Fri, 17 Mar 2023 | HK$1.2t | HK$191.6b | HK$24.4b | 21.5x | 47.2x | 6x |
| Sun, 12 Feb 2023 | HK$1.1t | HK$195.5b | HK$25.5b | 20.8x | 43.9x | 5.7x |
| Tue, 10 Jan 2023 | HK$1.2t | HK$195.0b | HK$25.5b | 22.2x | 47.3x | 6.2x |
| Thu, 08 Dec 2022 | HK$1.1t | HK$190.1b | HK$24.8b | 21.3x | 45x | 5.9x |
| Sat, 05 Nov 2022 | HK$993.7b | HK$186.2b | HK$24.3b | 22x | 40.9x | 5.3x |
| Mon, 03 Oct 2022 | HK$1.1t | HK$188.2b | HK$24.9b | 24.4x | 44.4x | 5.9x |
| Wed, 31 Aug 2022 | HK$1.2t | HK$192.1b | HK$25.4b | 25.4x | 45.4x | 6x |
| Fri, 29 Jul 2022 | HK$1.2t | HK$190.3b | HK$24.9b | 26.1x | 46.7x | 6.1x |
| Sun, 26 Jun 2022 | HK$1.1t | HK$191.7b | HK$25.1b | 23.6x | 44.4x | 5.8x |
| Tue, 24 May 2022 | HK$999.8b | HK$191.6b | HK$25.1b | 23.1x | 39.9x | 5.2x |
| Thu, 21 Apr 2022 | HK$1.0t | HK$197.4b | HK$25.2b | 19.6x | 40.4x | 5.2x |
| Sat, 19 Mar 2022 | HK$1.0t | HK$190.7b | HK$23.3b | 25.3x | 43.3x | 5.3x |
| Mon, 14 Feb 2022 | HK$1.2t | HK$188.2b | HK$22.6b | 28.1x | 51.9x | 6.2x |
| Wed, 12 Jan 2022 | HK$1.1t | HK$187.7b | HK$22.5b | 25.7x | 48.1x | 5.8x |
| Fri, 10 Dec 2021 | HK$1.2t | HK$188.4b | HK$22.6b | 26.8x | 51.6x | 6.2x |
| Sun, 07 Nov 2021 | HK$1.1t | HK$187.0b | HK$22.4b | 26.6x | 48x | 5.8x |
| Tue, 05 Oct 2021 | HK$1.0t | HK$185.9b | HK$22.0b | 26.4x | 46x | 5.4x |
| Thu, 02 Sep 2021 | HK$1.1t | HK$185.2b | HK$21.9b | 35x | 48.3x | 5.7x |
| Sat, 31 Jul 2021 | HK$1.0t | HK$185.2b | HK$21.9b | 32.8x | 47.9x | 5.7x |
Price to Earnings Ratio
78.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Beverage industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 28.9x which is lower than its 3-year average PE of 42.8x.
- The 3-year average PS ratio of 5.5x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Beverage industry have grown 27% per year over the last three years.
- Revenues for these companies have grown 6.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Staples industry?
| HK Market | 2.56% | |
| Consumer Staples | 1.10% | |
| Beverage | 0.32% | |
| Soft Drinks | 0.87% | |
| Brewers | 0.031% | |
| Distillers and Wine Makers | -4.14% | |
Industry PE
- Investors are most optimistic about the Soft Drinks industry even though it's trading below its 3-year average PE ratio of 51.7x.
- Analysts are expecting annual earnings growth of 11.0%, which is lower than the prior year's growth of 34.2% per year.
- Investors are most pessimistic about the Distillers and Wine Makers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Brewers industry, expecting annual earnings growth of 12% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Distillers and Wine Makers industry is expected to see its earnings grow by 6.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9633 Nongfu Spring | HK$46.40 | 0.9% +HK$4.5b | 10.1% | PE40x | |
| 1876 Budweiser Brewing Company APAC | HK$11.58 | 2.3% +HK$3.4b | -44.3% | PE23.2x | |
| 168 Tsingtao Brewery | HK$62.45 | 0.2% +HK$204.6m | -16.5% | PE17.9x | |
| 1115 Tibet Water Resources | HK$0.29 | 7.3% +HK$90.3m | -36.6% | PS3.9x | |
| 828 Dynasty Fine Wines Group | HK$0.27 | 8.0% +HK$28.2m | 28.6% | PE17.8x |
