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China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company achieved its leadership position in China’s beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken’s sales and market share. CR Beer is now China’s largest brewer, with a volume share of about 26%, versus 15% of Tsingtao and 19% of Budweiser APAC, based on Euromonitor data.
1965
26K+
LTM Revenue $5.9B
LTM EBITDA $1.4B
$10.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
China Resources Beer has a last 12-month revenue (LTM) of $5.9B and a last 12-month EBITDA of $1.4B.
In the most recent fiscal year, China Resources Beer achieved revenue of $4.9B and an EBITDA of $1.2B.
China Resources Beer expects next 12-month revenue of XXX and NTM EBITDA of XXX
See China Resources Beer valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $5.9B | XXX | $4.9B | XXX | XXX | XXX |
| Gross Profit | $2.6B | XXX | $2.1B | XXX | XXX | XXX |
| Gross Margin | 44% | XXX | 43% | XXX | XXX | XXX |
| EBITDA | $1.4B | XXX | $1.2B | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| EBIT | $1.0B | XXX | $700M | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $750M | XXX | $605M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, China Resources Beer's stock price is HKD 25 (or $3).
China Resources Beer has current market cap of HKD 81.3B (or $10.4B), and EV of HKD 79.6B (or $10.2B).
See China Resources Beer trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10.2B | $10.4B | XXX | XXX | XXX | XXX | $0.21 |
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Start Free TrialAs of May 30, 2025, China Resources Beer has market cap of $10.4B and EV of $10.2B.
China Resources Beer's trades at 2.1x EV/Revenue multiple, and 8.8x EV/EBITDA.
Equity research analysts estimate China Resources Beer's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
China Resources Beer has a P/E ratio of 15.0x.
See valuation multiples for China Resources Beer and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10.4B | XXX | $10.4B | XXX | XXX | XXX |
| EV (current) | $10.2B | XXX | $10.2B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 8.0x | XXX | 8.8x | XXX | XXX | XXX |
| EV/EBIT | 10.6x | XXX | 14.5x | XXX | XXX | XXX |
| EV/Gross Profit | 4.3x | XXX | n/a | XXX | XXX | XXX |
| P/E | 15.0x | XXX | 17.1x | XXX | XXX | XXX |
| EV/FCF | 13.0x | XXX | 19.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialChina Resources Beer's last 12 month revenue growth is 4%
China Resources Beer's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
China Resources Beer's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
China Resources Beer's rule of X is 34% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for China Resources Beer and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | 29% | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 34% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 22% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 28% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Heineken | XXX | XXX | XXX | XXX | XXX | XXX |
| Endeavour Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Treasury Wine Estates | XXX | XXX | XXX | XXX | XXX | XXX |
| Domain Costa Lazaridi | XXX | XXX | XXX | XXX | XXX | XXX |
| United Spirits | 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.
China Resources Beer acquired XXX companies to date.
Last acquisition by China Resources Beer was XXXXXXXX, XXXXX XXXXX XXXXXX . China Resources Beer acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was China Resources Beer founded? | China Resources Beer was founded in 1965. |
| Where is China Resources Beer headquartered? | China Resources Beer is headquartered in Hong Kong. |
| How many employees does China Resources Beer have? | As of today, China Resources Beer has 26K+ employees. |
| Who is the CEO of China Resources Beer? | China Resources Beer's CEO is Mr. Xiaohai Hou. |
| Is China Resources Beer publicy listed? | Yes, China Resources Beer is a public company listed on HKG. |
| What is the stock symbol of China Resources Beer? | China Resources Beer trades under 00291 ticker. |
| When did China Resources Beer go public? | China Resources Beer went public in 1996. |
| Who are competitors of China Resources Beer? | Similar companies to China Resources Beer include e.g. Heineken, Endeavour Group, Treasury Wine Estates, Domain Costa Lazaridi. |
| What is the current market cap of China Resources Beer? | China Resources Beer's current market cap is $10.4B |
| What is the current revenue of China Resources Beer? | China Resources Beer's last 12 months revenue is $5.9B. |
| What is the current revenue growth of China Resources Beer? | China Resources Beer revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of China Resources Beer? | Current revenue multiple of China Resources Beer is 1.9x. |
| Is China Resources Beer profitable? | Yes, China Resources Beer is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of China Resources Beer? | China Resources Beer's last 12 months EBITDA is $1.4B. |
| What is China Resources Beer's EBITDA margin? | China Resources Beer's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of China Resources Beer? | Current EBITDA multiple of China Resources Beer is 8.0x. |
| What is the current FCF of China Resources Beer? | China Resources Beer's last 12 months FCF is $848M. |
| What is China Resources Beer's FCF margin? | China Resources Beer's last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of China Resources Beer? | Current FCF multiple of China Resources Beer is 13.0x. |
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