🚀 VC round data is live in beta, check it out!
- Public Comps
- Budweiser APAC
Budweiser APAC Valuation Multiples
Discover revenue and EBITDA valuation multiples for Budweiser APAC and similar public comparables like Kirin Holdings, Brown-Forman, China Resources Beer, Jiangsu Yanghe Distillery and more.
Budweiser APAC Overview
About Budweiser APAC
Budweiser APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent Anheuser-Busch InBev owns close to 90% of the company's equity. Budweiser APAC's largest markets are China (roughly 75% of 2024 revenue), South Korea (20%), and India. The remaining comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass, and Harbin.
Founded
2019
HQ

Employees
21.9K
Website
Sectors
Financials (LTM)
EV
$10B
Budweiser APAC Financials
Budweiser APAC reported last 12-month revenue of $6B and EBITDA of $2B.
In the same LTM period, Budweiser APAC generated $3B in gross profit, $2B in EBITDA, and $527M in net income.
Revenue (LTM)
Budweiser APAC P&L
In the most recent fiscal year, Budweiser APAC reported revenue of $6B and EBITDA of $2B.
Budweiser APAC expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 52% | XXX | 50% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $527M | XXX | $489M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 8% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Budweiser APAC Stock Performance
Budweiser APAC has current market cap of $13B, and enterprise value of $10B.
Market Cap Evolution
Budweiser APAC's stock price is $0.98.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10B | $13B | -2.5% | XXX | XXX | XXX | $0.04 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialBudweiser APAC Valuation Multiples
Budweiser APAC trades at 1.8x EV/Revenue multiple, and 6.5x EV/EBITDA.
EV / Revenue (LTM)
Budweiser APAC Financial Valuation Multiples
As of April 11, 2026, Budweiser APAC has market cap of $13B and EV of $10B.
Equity research analysts estimate Budweiser APAC's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Budweiser APAC has a P/E ratio of 24.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 6.5x | XXX | 6.5x | XXX | XXX | XXX |
| EV/EBIT | 10.7x | XXX | 10.9x | XXX | XXX | XXX |
| EV/Gross Profit | 3.4x | XXX | 3.6x | XXX | XXX | XXX |
| P/E | 24.6x | XXX | 26.5x | XXX | XXX | XXX |
| EV/FCF | 15.5x | XXX | 16.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Budweiser APAC Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Budweiser APAC Margins & Growth Rates
Budweiser APAC's revenue in the last 12 month grew by 3%.
Budweiser APAC's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Budweiser APAC's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Budweiser APAC's rule of X is 35% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Budweiser APAC Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 24% | XXX | 27% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 34% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Budweiser APAC Public Comps
See public comps and valuation multiples for other Alcohol comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Kirin Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Brown-Forman | XXX | XXX | XXX | XXX | XXX | XXX |
| China Resources Beer | XXX | XXX | XXX | XXX | XXX | XXX |
| Jiangsu Yanghe Distillery | XXX | XXX | XXX | XXX | XXX | XXX |
| Asahi Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Budweiser APAC M&A Activity
Budweiser APAC acquired XXX companies to date.
Last acquisition by Budweiser APAC was on XXXXXXXX, XXXXX. Budweiser APAC acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Budweiser APAC
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialBudweiser APAC Investment Activity
Budweiser APAC invested in XXX companies to date.
Budweiser APAC made its latest investment on XXXXXXXX, XXXXX. Budweiser APAC invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Budweiser APAC
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Budweiser APAC
| When was Budweiser APAC founded? | Budweiser APAC was founded in 2019. |
| Where is Budweiser APAC headquartered? | Budweiser APAC is headquartered in Hong Kong. |
| How many employees does Budweiser APAC have? | As of today, Budweiser APAC has over 21K employees. |
| Who is the CEO of Budweiser APAC? | Budweiser APAC's CEO is Yanjun Cheng. |
| Is Budweiser APAC publicly listed? | Yes, Budweiser APAC is a public company listed on HKEX. |
| What is the stock symbol of Budweiser APAC? | Budweiser APAC trades under 01876 ticker. |
| When did Budweiser APAC go public? | Budweiser APAC went public in 2019. |
| Who are competitors of Budweiser APAC? | Budweiser APAC main competitors are Kirin Holdings, Brown-Forman, China Resources Beer, Jiangsu Yanghe Distillery. |
| What is the current market cap of Budweiser APAC? | Budweiser APAC's current market cap is $13B. |
| What is the current revenue of Budweiser APAC? | Budweiser APAC's last 12 months revenue is $6B. |
| What is the current revenue growth of Budweiser APAC? | Budweiser APAC revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Budweiser APAC? | Current revenue multiple of Budweiser APAC is 1.8x. |
| Is Budweiser APAC profitable? | Yes, Budweiser APAC is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Budweiser APAC? | Budweiser APAC's last 12 months EBITDA is $2B. |
| What is Budweiser APAC's EBITDA margin? | Budweiser APAC's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of Budweiser APAC? | Current EBITDA multiple of Budweiser APAC is 6.5x. |
| What is the current FCF of Budweiser APAC? | Budweiser APAC's last 12 months FCF is $668M. |
| What is Budweiser APAC's FCF margin? | Budweiser APAC's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Budweiser APAC? | Current FCF multiple of Budweiser APAC is 15.5x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.