- Budweiser APAC’s net income for Q2 in 2024 was $254 million, below the estimated $301.3 million.
- Normalized net income for Q2 stood at $255 million, falling short of the anticipated $297.2 million.
- Q2 revenue reached $1.76 billion, well under the forecasted $1.85 billion.
- Adjusted EBITDA for Q2 was $528 million, while analysts expected $577.1 million.
- The adjusted EBITDA margin for Q2 was reported at 30.1%.
- Adjusted EBIT for Q2 came in at $368 million, against an estimate of $413.7 million.
- First half 2024 revenue was $3.40 billion, missing the $3.54 billion estimate.
- The first half net income totaled $541 million.
- First half adjusted EBITDA was $1.10 billion, which was lower than the anticipated $1.16 billion figure.
- Total volumes for the first half of the year were 46.57 million hectoliters, below the 47.45 million hectoliters forecast.
- Analyst recommendations include 30 buys, 6 holds, and no sells.
Budweiser Brewing APAC on Smartkarma
Analyst coverage of Budweiser Brewing APAC on Smartkarma brings insights from top independent analysts like David Mudd. In his recent report titled “BUY/SELL/HOLD: Hong Kong Stocks Update (July 15),” Mudd highlights that Hong Kong markets are trading at a 25% discount to analysts’ year-end targets. Among the companies receiving high marks from analysts are Budweiser APAC, Anta Sports, Sunny Optical, and Shineway RX. Budweiser APAC’s sales are closely tied to China’s consumer market, while Anta Sports is aiming for increased sales during the upcoming Paris Olympics. Sunny Optical is experiencing growth in its EV segment, and Haitian is expanding its international sales. Shineway RX stands out as a value play in the pharmaceutical sector.
A look at Budweiser Brewing APAC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
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
Analyzing Budweiser Brewing APAC’s Smart Scores, the company is poised for a promising long-term outlook. With above-average scores in Growth and Resilience, the company shows potential for expansion and the ability to withstand market volatility. This suggests a strong strategic position and adaptability in the industry.
Although Budweiser Brewing APAC scores lower in Value and Momentum, indicating certain areas for improvement, its solid focus on Growth and Resilience bodes well for its future success. As a key player in the brewing and distribution of popular beer brands across multiple markets, including China, South Korea, India, and Vietnam, the company is well-positioned for sustained growth and profitability.
Summary of the company description: Budweiser Brewing Company APAC Limited is a company principally engaged in the brewing and distribution of beer. The Company produces, imports, markets, distributes over 50 brands including Budweiser, Stella Artois, Corona, Hoegaarden, Cass, and Harbin. The principal markets include China, South Korea, India and Vietnam.
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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