Budweiser Brewing Company APAC Q3 2022 Results: EPS Beats Expectations, Revenue Lags

Budweiser Brewing Company APAC (HKG:1876) Third Quarter 2022 Results

Main financial results

  • Revenue: $1.86 billion (down 1.2% from Q3 2021).
  • Net income: USD 300.0m (down 14% compared to Q3 2021).
  • Profit margin: 16% (compared to 19% in the 3rd quarter of 2021).
    • The lower margin is mainly due to higher expenses.
  • EPS: $0.023 (vs. $0.026 in Q3 2021).
SEHK: 1876 Profit and Revenue Growth October 28, 2022

All figures shown in the table above are for the 12 month period (TTM)

Budweiser Brewing Company APAC EPS Exceeds Expectations, Revenues Fall Short

Revenue beat analysts’ estimates by 2.4%. Earnings per share (EPS) exceeded analysts’ estimates of 7.6%.

Going forward, revenue is expected to grow by an average of 8.0% per year over the next 3 years, compared to a growth forecast of 11% for the beverage industry in Hong Kong.

Performance of the Beverage industry in Hong Kong.

Shares of the company are down 1.8% from a week ago.

Balance sheet analysis

While revenue is important, another area to consider is the balance sheet. We have a graphical representation of Budweiser Brewing Company APAC’s balance sheet and an in-depth analysis of the company’s financial condition.

Valuation is complex, but we help make it simple.

Find out if Budweiser Brewing Company APAC is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

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