China Resources Beer Holdings Co Ltd (0291) Fair Value & Analysis
Consumer Defensive · HK · Market cap HK$69.0B (≈ $8.8B) · ISIN HK0291001490
What is China Resources Beer Holdings Co Ltd really worth?
A solid business, trading 26% below our fair value of HK$25.38.
Strengths
Risks
For context
Fair value as of: Aug 19, 2026
From 24 valuation models · updated 16 days ago
Share price −16.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
- The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.
How to read this chart
60‑month range HK$18.61 – HK$65.04 · fair‑value band HK$19.03 – HK$31.72 · the HK$18.88 price screens below the HK$25.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.
Analysis
China Resources Beer Holdings Co Ltd (0291) currently trades at HK$18.88, while our model-based Fair Value estimate is HK$25.38, implying the stock looks roughly 25.6% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Defensive sector. Bull case: the DCF Models group reads highest at a median of HK$23.15 per share, and 14 of the 24 models we run sit above the HK$18.88 price. Bear case: the Asset-Based group reads lowest at HK$6.67, and 10 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, China Resources Beer Holdings Co Ltd generated revenue of HK$38.0B at a net margin of 8.9%. Revenue declined 5.7% year over year. It earns a return on equity of 8.9%. The balance sheet holds a net cash position of HK$3.5B. Fundamentals as of Aug 19, 2026
Our scenario range runs from HK$19.03 (bear case) to HK$31.72 (bull case); at HK$18.88, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −5% fair-value upside, at 34%, 0291 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly HK$0.4236 per share, which is 1.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: DCF Models (HK$23.15) versus Asset-Based (HK$6.67). Highest evidence: FCF DCF (81).
Notify me when 0291 reaches fair value
Put 0291 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 32
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
China Resources Beer (Holdings) Company Limited, an investment holding company, engages in the manufacture, distribution, and sale of alcoholic beverages in Mainland China. It offers beer and baijiu products under the Guizhou and Jinsha Huisha brands.
Full company description
China Resources Beer (Holdings) Company Limited, an investment holding company, engages in the manufacture, distribution, and sale of alcoholic beverages in Mainland China. It offers beer and baijiu products under the Guizhou and Jinsha Huisha brands. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015. The company is based in Wan Chai, Hong Kong. China Resources Beer (Holdings) Company Limited operates as a subsidiary of CRH (Beer) Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Resources Beer Holdings Co Ltd reported revenue of 38.0B CNY in FY2025 versus 33.4B CNY in FY2021, a compound +3.3%/yr. Reported net income was 3.4B CNY in FY2025, compounding −7.4%/yr from FY2021.
Watch 0291: get an alert when its fair value changes →
Peer Group
Beverages - Brewers · 56 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Beverages - Brewers median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Beverages - Brewers stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Anheuser-Busch InBev SA ABI | €68.28 | €60.24 | −12% |
| Heineken N.V HEIA | €72.70 | €65.06 | −11% |
| Ambev S.A ABEV | $2.86 | $4.05 | +42% |
| Fomento Económico Mexicano, S.A. FMX | $120.41 | $54.74 | −55% |
| Constellation Brands, Inc STZ | $129.09 | $173.19 | +34% |
| Carlsberg A/S CARLA | kr 1,115 | kr 607.30 | −46% |
| Heineken Holding HEIO | €68.25 | €60.55 | −11% |
| Tsingtao Brewery Company 600600 | ¥51.63 | ¥63.65 | +23% |
| Budweiser Brewing Company 1876 | HK$6.35 | HK$6.05 | −5% |
| Molson Coors Canada Inc TPXA | C$63.00 | C$105.41 | +67% |
Compare China Resources Beer Holdings Co Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Defensive stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is China Resources Beer Holdings Co Ltd (0291) overvalued or undervalued?
What is the fair value of 0291?
What is the quality score of 0291?
What is the revenue of China Resources Beer Holdings Co Ltd (0291)?
What is the net profit margin of 0291?
Does China Resources Beer Holdings Co Ltd pay a dividend?
Watch China Resources Beer Holdings Co Ltd in the live analysis
One click puts China Resources Beer Holdings Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.