San Miguel Brewery Hong Kong Limited - 0236.HK

0236.HK Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
0236.HK	0	-1.2	-8.0	-14.0	-26.6	-7.0	-14.9	-14.0	-82.0	-36
S&P 500	0.6	1.5	1.9	5.0	9.6	25.1	38.0	83.0	196.6	34364.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	0236.HK
name	San Miguel Brewery Hong Kong Limited
price	0.8
changes percentage	0
change	0
day low	0.8
day high	0.8
year high	1.1
year low	0.76
market cap	298856800
price avg 50	0.855
price avg 200	0.91855
exchange	HKSE
volume	2000
avg volume	60862
open	0.8
previous close	0.8
eps	0.2
pe	4
earnings announcement	2025-04-22T19:00:00.000+0000
shares outstanding	373571000
timestamp	2025-01-23 02:33:39

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 86.3%

Overall Quarterly Financial Health: 61.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	741619000	681163000	8.88
gross profit	285439000	247078000	15.53
gross profit ratio	0.38	0.36	6.11
research and development expenses	0	0	NaN
operating expenses	218655000	241269000	-9.37
interest income	3914000	1269000	208.43
interest expense	339000	960000	-64.69
ebitda	91030000	54155000	68.09
ebitdaratio	0.12	0.09	42.42
operating income	66784000	36073000	85.14
operating income ratio	0.09	0.05	70.04
net income	85898000	32305000	165.90
net income ratio	0.12	0.05	144.22
eps	0.23	0.09	165.90

Overall Score of Annual Income Statement

1.0 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 742 million in 2023 from 681 million in 2022 representing a change of 8.88%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 285 million in 2023 from 247 million in 2022 representing a change of 15.53%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 219 million in 2023 from 241 million in 2022 representing a change of -9.37%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 91 million in 2023 from 54 million in 2022 representing a change of 68.09%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 67 million in 2023 from 36 million in 2022 representing a change of 85.14%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 86 million in 2023 from 32 million in 2022 representing a change of 165.9%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.23 in 2023 from 0.23 in 2022 representing a change of 165.9%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
revenue	378094000	325782000	16.06
gross profit	139534000	120595000	15.70
gross profit ratio	0.37	0.37	-0.30
research and development expenses	0	0	NaN
operating expenses	97165000	127267000	-23.65
interest income	0	3914000	-100.00
interest expense	462000	107000	331.78
ebitda	46337000	26386000	75.61
ebitdaratio	0.12	0.02	587.31
operating income	42369000	-6672000	735.03
operating income ratio	0.11	-0.02	647.17
net income	37618000	37380000	0.64
net income ratio	0.1	0.11	-13.29
eps	0.1	0.1	0.00

Overall Score of Quarterly Income Statement

0.83 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 378 million in 2024Q2 from 326 million in 2023Q4 representing a change of 16.06%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 140 million in 2024Q2 from 121 million in 2023Q4 representing a change of 15.7%. This indicates a sales profitability growth, which is a positive sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 46 million in 2024Q2 from 26 million in 2023Q4 representing a change of 75.61%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 42 million in 2024Q2 from -7 million in 2023Q4 representing a change of 735.03%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 38 million in 2024Q2 from 37 million in 2023Q4 representing a change of 0.64%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 97 million in 2024Q2 from 127 million in 2023Q4 representing a change of -23.65%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	807556000	719344000	12.26
total liabilities	135084000	129625000	4.21
total equity	672472000	589719000	14.03
cash and cash equivalents	179979000	114006000	57.87
short term investments	0	0	NaN
long term investments	109940000	108162000	1.64
total current assets	324523000	267567000	21.29
total non current assets	483033000	451777000	6.92
total current liabilities	104312000	114030000	-8.52
total non current liabilities	30772000	15595000	97.32
common stock	252524000	252524000	0.00
retained earnings	261849000	179754000	45.67
total debt	6492000	6921000	-6.20

Overall Score of Annual Balance Sheet

0.88 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 808 million in 2023 from 719 million in 2022 representing a change of 12.26%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 672 million in 2023 from 590 million in 2022 representing a change of 14.03%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 180 million in 2023 from 114 million in 2022 representing a change of 57.87%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 325 million in 2023 from 268 million in 2022 representing a change of 21.29%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 104 million in 2023 from 114 million in 2022 representing a change of -8.52%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 262 million in 2023 from 180 million in 2022 representing a change of 45.67%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 6 million in 2023 from 7 million in 2022 representing a change of -6.2%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 135 million in 2023 from 130 million in 2022 representing a change of 4.21%. This indicates an increase in overall liabilities.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	827143000	827143000	0.00
total liabilities	135551000	135551000	0.00
total equity	691592000	691592000	0.00
cash and cash equivalents	197303000	197303000	0.00
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	344126000	344126000	0.00
total non current assets	483017000	483017000	0.00
total current liabilities	94887000	94887000	0.00
total non current liabilities	40664000	40664000	0.00
common stock	252524000	252524000	0.00
retained earnings	280788000	0	NaN
total debt	6062000	5678000	6.76

Overall Score of Quarterly Balance Sheet

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Retained Earnings: Retained Earnings increased to 281 million in 2024Q2 from 0 million in 2024Q1 representing a change of nan%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Debt: Total Debt increased to 6 million in 2024Q2 from 6 million in 2024Q1 representing a change of 6.76%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	65973000	12199000	440.81
operating cash flow	91962000	37159000	147.48
free cash flow	67458000	21795000	209.51
capital expenditure	-24504000	-15364000	-59.49
depreciation and amortization	24246000	22814000	6.28
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	4453000	8096999	-45.00
inventory	1064000	-20269000	105.25
acquisitions net	0	1900000	-100.00
investments in property plant and equipment	-24504000	-15364000	-59.49
net cash used for investing activites	-17561000	17662000	-199.43
debt repayment	0	-38509000	100.00
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-3736000	0	NaN
net cash used provided by financing activities	-4325000	-39836000	89.14
cash at end of period	179979000	114006000	57.87
accounts receivables	2993000	-8292000	136.10
cash at beginning of period	114006000	101807000	11.98

Overall Score of Annual Cashflow Statement

0.71 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 66 million in 2023 from 12 million in 2022 representing a change of 440.81%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 92 million in 2023 from 37 million in 2022 representing a change of 147.48%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 67 million in 2023 from 22 million in 2022 representing a change of 209.51%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -25 million in 2023 from -15 million in 2022 representing a change of -59.49%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Accounts Payables: The absolute value of Accounts Payables decreased to 4 million in 2023 from 8 million in 2022 representing a change of -45.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• 📉 Negative Indicators

  Accounts Receivables: Accounts Receivables increased to 3 in 2023 from -8 million in 2022 representing a change of 136.1%. This suggests that the company is less capable of collecting payments from its customers.

  Dividends Paid: Dividends Paid decreased to -4 million in 2023 from 0 million in 2022 representing a change of nan%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
operating cash flow	18501500	28629000	-35.37
free cash flow	18501500	4125000	348.52
capital expenditure	0	-24504000	100.00
depreciation and amortization	6061500	12481000	-51.43
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	-6433000	100.00
accounts payables	0	0	NaN
inventory	0	1064000	-100.00
acquisitions net	0	0	NaN
investments in property plant and equipment	0	-24504000	100.00
net cash used for investing activites	-899500	-10936000	91.77
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	-3736000	100.00
net cash used provided by financing activities	-9635000	95000	-10242.11
net change in cash	17324000	-160668000	110.78
cash at end of period	197303000	0	NaN
cash at beginning of period	179979000	160668000	12.02

Overall Score of Quarterly Cashflow Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 17 million in 2024Q2 from -161 million in 2023Q4 representing a change of 110.78%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Free Cash Flow: Free Cash Flow increased to 19 million in 2024Q2 from 4 million in 2023Q4 representing a change of 348.52%. This indicates an increase in cash generated after accounting for capital expenditures.

  Dividends Paid: Dividends Paid increased to 0 million in 2024Q2 from -4 million in 2023Q4 representing a change of 100.0%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to 19 million in 2024Q2 from 29 million in 2023Q4 representing a change of -35.37%. This indicates that the company generated less cash from its core business operations.

  Capital Expenditure: Capital Expenditure increased to 0 million in 2024Q2 from -25 million in 2023Q4 representing a change of 100.0%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Accounts Receivables: Accounts Receivables increased to 0 in 2024Q2 from -6 million in 2023Q4 representing a change of 100.0%. This suggests that the company is less capable of collecting payments from its customers.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	1.99	1.82	8.88
net income per share	0.23	0.09	165.90
operating cash flow per share	0.25	0.1	147.48
free cash flow per share	0.18	0.06	209.51
cash per share	0.48	0.31	57.87
book value per share	1.8	1.58	14.03
tangible book value per share	1.79	1.57	14.15
shareholders equity per share	1.86	1.65	12.74
interest debt per share	0.02	0.02	-13.32
market cap	317534976	265235097.6	19.72
enterprise value	144047976	158150097.6	-8.92
pe ratio	3.7	8.21	-54.98
price to sales ratio	0.43	0.39	9.96
pocfratio	3.45	7.14	-51.63
pfcf ratio	4.71	12.17	-61.32
pb ratio	0.46	0.43	6.19
ptb ratio	0.46	0.43	6.19
ev to sales	0.19	0.23	-16.34
enterprise value over ebitda	1.58	2.92	-45.81
ev to operating cash flow	1.57	4.26	-63.20
ev to free cash flow	2.14	7.26	-70.57
earnings yield	0.27	0.12	122.10
free cash flow yield	0.21	0.08	158.53
debt to equity	0.01	0.01	-16.80
debt to assets	0.01	0.01	-16.44
net debt to ebitda	-1.91	-1.98	3.62
current ratio	3.11	2.35	32.59
interest coverage	197.0	37.58	424.28
income quality	1.07	1.06	0.83
dividend yield	0.01	0	NaN
payout ratio	0.04	0	NaN
sales general and administrative to revenue	0.1	0.12	-10.65
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.01	0.01	-10.92
capex to operating cash flow	0.27	0.41	-35.56
capex to revenue	0.03	0.02	46.49
capex to depreciation	1.01	0.67	50.07
stock based compensation to revenue	0	0	NaN
graham number	3.11	1.79	73.14
roic	0.13	0.06	127.14
return on tangible assets	0.11	0.05	136.68
graham net net	0.33	0.18	79.22
working capital	220211000	153537000	43.43
tangible asset value	667701000	584948000	14.15
net current asset value	189439000	137942000	37.33
invested capital	565953000	497152000	13.84
average receivables	48756500	47652500	2.32
average payables	37457000	38723000	-3.27
average inventory	89111000	79508500	12.08
days sales outstanding	22.15	28.14	-21.31
days payables outstanding	31.28	30.11	3.89
days of inventory on hand	70.87	75.38	-5.97
receivables turnover	16.48	12.97	27.08
payables turnover	11.67	12.12	-3.74
inventory turnover	5.15	4.84	6.35
roe	0.12	0.05	135.84
capex per share	0.07	0.04	59.49

• ROE:

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 3.70 on 2023-12-31 from 8.21 on 2022-12-31, representing a change of -54.98%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 3.11 on 2023-12-31 from 2.35 on 2022-12-31, representing a change of 32.59%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.01 on 2023-12-31 from 0.01 on 2022-12-31, representing a change of -16.80%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
0236.HK
calendar year	2024	2024	NaN
revenue per share	1.01	0	NaN
net income per share	0.1	0	NaN
operating cash flow per share	0.05	0	NaN
free cash flow per share	0.05	0	NaN
cash per share	0.53	0	NaN
book value per share	1.85	0	NaN
tangible book value per share	1.84	0	NaN
shareholders equity per share	1.91	0	NaN
interest debt per share	0.02	0	NaN
market cap	354893840.8	0	NaN
enterprise value	163652840.8	-191625000	185.40
pe ratio	2.36	0	NaN
price to sales ratio	0.94	0	NaN
pocfratio	19.18	0	NaN
pfcf ratio	19.18	0	NaN
pb ratio	0.5	0	NaN
ptb ratio	0.5	0	NaN
ev to sales	0.43	0	NaN
enterprise value over ebitda	3.53	0	NaN
ev to operating cash flow	8.85	0	NaN
ev to free cash flow	8.85	0	NaN
earnings yield	0.11	None	NaN
free cash flow yield	0.05	0	NaN
debt to equity	0.01	0.01	6.76
debt to assets	0.01	0.01	6.76
net debt to ebitda	-4.13	0	NaN
current ratio	3.63	3.63	0.00
interest coverage	91.71	0	NaN
income quality	0.98	0	NaN
dividend yield	0	None	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.11	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.01	0.01	0.00
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	2.08	0	NaN
roic	0.05	None	NaN
return on tangible assets	0.05	None	NaN
graham net net	0.41	0	NaN
working capital	249239000	249239000	0.00
tangible asset value	686821000	686821000	0.00
net current asset value	208575000	208575000	0.00
invested capital	590333000	691428000	-14.62
average receivables	70032000	60820000	15.15
average payables	36373000	32575500	11.66
average inventory	72434000	80506500	-10.03
days sales outstanding	17.71	0	NaN
days payables outstanding	13.72	0	NaN
days of inventory on hand	27.33	0	NaN
receivables turnover	5.08	None	NaN
payables turnover	6.56	None	NaN
inventory turnover	3.29	None	NaN
roe	0.05	None	NaN
capex per share	0	0	NaN

• Negative

  Current Ratio: Current Ratio decreased to 3.63 on 2024-06-30 Q2 from 3.63 on 2024-03-31 Q1, representing a change of 0.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.01 on 2024-06-30 Q2 from 0.01 on 2024-03-31 Q1, representing a change of 6.76%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None