1. Hong Kong Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
San Miguel Brewery HK Ltd.

San Miguel Brewery HK Ltd.

HHKEX:236
0.98
HKD
-0.02
(-2.49%)
429.61MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.84
1.95
1.52
1.45
1.51
1.56
1.55
1.49
1.59
1.82
1.99
1.9
1.97
- -
Basic EPS, GAAP
0.07
0.09
-0.04
0.02
0.03
-0.2
0.03
0.05
0.05
0.09
0.23
-0.05
0.2
- -
Free Cash Flow per Basic Share
0.17
0.06
0.05
0.04
0.1
0.01
0.07
0.08
0.07
0.06
0.17
0.13
0.21
- -
Dividend per Share
- -
0.02
0.01
- -
- -
- -
- -
- -
- -
- -
0.01
0.05
0.05
- -
Book Value per Share
1.53
1.61
1.53
1.57
1.64
1.41
1.46
1.54
1.61
1.65
1.86
1.76
1.92
1.9
Tangible Book Value per Share
1.28
1.36
1.3
1.34
1.42
1.4
1.44
1.53
1.6
1.64
1.85
1.75
1.91
1.89
Basic Weighted Avg Shares
374
374
374
374
374
374
374
374
374
374
374
374
374
374
Sales/Revenue/Turnover
687
729
570
541
566
585
580
556
596
681
742
711
737
- -
Operating Margin (%)
-2.09
1.76
-4.65
-1.83
-0.31
-1.8
-3.31
-1.92
-0.49
0.85
3.68
0.74
4.66
- -
Depreciation Expense
25
26
26
24
24
26
24
23
23
23
24
24
21
- -
Net Income, GAAP
26
35
-16
9
12
-74
12
17
19
32
86
-20
76
- -
Effective Tax Rate (%)
- -
0.63
- -
- -
- -
- -
- -
- -
- -
5.32
- -
- -
18.84
- -
Profit Margin (%)
3.79
4.85
-2.82
1.6
2.21
-12.58
2
3.1
3.25
4.74
11.58
-2.83
10.32
- -
Working Capital
114
108
162
154
129
94
99
114
112
154
220
268
320
307
LT Debt
191
140
191
165
115
64
51
38
3
3
3
2
2
2
Total Equity
544
572
545
558
585
501
516
543
571
590
672
635
697
689
Return on Invested Capital (%)
- -
5.54
- -
- -
- -
- -
- -
- -
- -
5.63
- -
- -
11.7
- -
Return on Capital (%)
- -
5.02
- -
- -
- -
- -
- -
- -
- -
5.34
- -
- -
11.02
- -
Return on Common Equity (%)
4.67
6.02
-2.74
1.5
2.09
-12.94
2.16
3.07
3.28
5.29
13.07
-2.97
11.08
- -

Capital Structure

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
4
5
5
LT Borrowings
- -
- -
- -
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
374
374
374
Market Capitalization
359
459
430

Working Capital

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
394
409
411
Cash, Cash Equivalents & STI
250
286
258
Accounts Receivable, Net
30
31
28
Inventories
70
72
74
Total Current Liabilities
93
89
104
Payables & Accruals
- -
- -
- -
ST Debt
4
5
5
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.77%
5.32%
9.73%
Free Cash Flow
102.86%
39.95%
63%
Net Income, GAAP
-122.31%
-71.41%
-478.78%
Sales/Revenue/Turnover
2.79%
6%
3.68%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
711
2025
- -
- -
737
2026
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.05
2025
- -
- -
0.2
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.05
2025
- -
- -
0.05
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Weng Kheong Chan
Full Time Employees
236
Sector
Consumer non-durables
Industry
Beverages: alcoholic
Address
Citimark Building Hong Kong Hong Kong
IPO Date
Dec 30, 1988
Website
info.sanmiguel.com.hk
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Business
San Miguel Brewery Hong Kong Limited (0236.HK) manufactures and distributes bottled, canned and draught beers in Hong Kong, mainland China and overseas markets. Established in 1948 through the acquisition of Hong Kong Brewers and Distillers Ltd. and listed on The Stock Exchange of Hong Kong in 1963, the company operates from its headquarters at 9th Floor, Citimark Building, 28 Yuen Shun Circuit, Siu Lek Yuen, Shatin, New Territories, Hong Kong, with a state-of-the-art brewery in Yuen Long serving local and export demand; it maintains a subsidiary, San Miguel (Guangdong) Brewery Company Limited, in southern China. Core products encompass San Miguel Pale Pilsen (domestic and Philippine-imported variants), San Miguel Premium All-Malt, San Mig Light, San Miguel Cerveza Negra, Blue Ice, Brück, Knight, Polar Ice and Valor, alongside imported beer distribution; the Hong Kong segment handles own-brewed and imported beer production and sales, while the mainland China segment focuses on own-brewed beer manufacture and distribution. In February 2025, the company entered the 2025 Master Agreement with San Miguel Corporation, renewing continuing connected transactions through 2028 for packaging materials purchases (cans, bottles, crown corks, cartons), packaged beer acquisitions and sales of packaged beer and non-alcoholic beverages to the San Miguel Group (excluding Philippine distribution except via San Miguel Brewery Inc.), with annual caps escalating to HK$53.9 million, HK$3.7 million and HK$706.0 million respectively by 2028 to support production, portfolio diversification and export growth on arm's-length terms benchmarked against independent suppliers. As a majority-owned subsidiary of San Miguel Brewing International Ltd. (ultimately controlled via Neptunia Corporation Limited by San Miguel Corporation), it employs around 480 staff and emphasizes sustainable operations in the competitive Asian beer sector.