Earnings Alerts

Asahi Group Holdings (2502) Earnings: 1Q Operating Income Misses Estimates Despite Stronger Net Sales

  • Asahi Group’s operating income for the first quarter of 2024 ended up below estimates at 32.56 billion yen against the estimated 34.12 billion yen.
  • The company surpassed the net income estimate of 21.34 billion yen to realize 23.83 billion yen.
  • It also outperformed the net sales estimate, netting 616.61 billion yen over the projected 597.88 billion yen.
  • Despite the missed first-quarter estimates, Asahi still forecasts an operating income of 273.00 billion yen for the year. This figure however falls short of the 286.26 billion yen estimation.
  • The firm maintains its projected net income at 190.50 billion yen – slightly lower than the estimated 198.05 billion yen.
  • The company’s year-end estimates for net sales remain at 2.84 trillion yen, under the 2.9 trillion yen predicted.
  • As for dividends, Asahi Group expects to pay out 132.00 yen, which is less than the estimated 135.98 yen.
  • The company’s shares currently hold 15 buys, 2 holds, and no sells.
  • The comparisons made are drawn from values reported directly by the company in their original disclosures.

Asahi Group Holdings on Smartkarma

Analyst coverage of Asahi Group Holdings on Smartkarma indicates varying sentiments among independent analysts. Oshadhi Kumarasiri presents a bullish view in the report “Asahi Offering: Discount Presents a Good Entry Point As Price Hikes & Tax Reforms Strengthen Asahi.” The analysis highlights the potential of recent price hikes and ongoing alcohol tax reforms to strengthen Asahi’s position compared to competitors.

On the contrary, Brian Freitas leans bearish in the report “Asahi Group (2502 JP): Big Placement with Limited Index Buying; Timing Is Key.” Freitas emphasizes possible downside risk in the short term due to the significant stock run-up and limited index buying, cautioning about timing concerns related to the offering. Despite differing opinions, these reports offer valuable insights for investors considering Asahi Group Holdings.


A look at Asahi Group Holdings Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Asahi Group Holdings, Ltd., a company known for producing beer and assorted beverages, shows a promising long-term outlook, based on its Smartkarma Smart Scores. With strong scores in Value, Growth, and Momentum, Asahi Group Holdings is positioned well for future success in the market. The company scores high in areas indicating its potential for value appreciation, solid growth prospects, and positive momentum, reflecting a positive overall outlook.

Despite a lower score in Resilience, Asahi Group Holdings‘ overall Smart Score profile paints a picture of a company with notable strengths and opportunities in the industry. Investors may find Asahi Group Holdings appealing due to its solid performance in key areas like value and growth, offsetting any concerns related to resilience. With a diverse range of beverage products sold both domestically and internationally, Asahi Group Holdings is well-positioned for continued success and growth in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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