` 291 (China Resources Beer Holdings Co Ltd) vs ABEV3 (Ambev SA) Comparison - Alpha Spread

291
vs
ABEV3

Over the past 12 months, has underperformed ABEV3, delivering a return of -6% compared to the ABEV3's 15% growth.

Valuation Comparison

Intrinsic Value
35.32 HKD
Undervaluation 30%
Intrinsic Value
Price
ABEV3 Intrinsic Value
13.61 BRL
Undervaluation 3%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
China Resources Beer Holdings Co Ltd
HKEX:291
24.75 HKD
Ambev SA
BOVESPA:ABEV3
13.15 BRL

Financials Comparison

Growth Over Time
291 vs ABEV3

291
ABEV3
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
China Resources Beer Holdings Co Ltd
Revenue
Ambev SA
Revenue

All metrics are calculated based on data from the last 10 years.

Profitability Comparison

Free Cash Flow
291 vs ABEV3

291
ABEV3
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
China Resources Beer Holdings Co Ltd
HKEX:291
Ambev SA
BOVESPA:ABEV3
What is Free Cash Flow?

Gross Margin

China Resources Beer Holdings Co Ltd
42.6%
ABEV3
51.5%

Operating Margin

China Resources Beer Holdings Co Ltd
16.9%
ABEV3
24.8%

Net Margin

China Resources Beer Holdings Co Ltd
12.3%
ABEV3
15.7%

FCF Margin

China Resources Beer Holdings Co Ltd
10.7%
ABEV3
24%

ROE

China Resources Beer Holdings Co Ltd
15.3%
ABEV3
15.9%

ROA

China Resources Beer Holdings Co Ltd
6.7%
ABEV3
10.3%

ROIC

China Resources Beer Holdings Co Ltd
11.1%
ABEV3
16.8%

ROCE

China Resources Beer Holdings Co Ltd
14.4%
ABEV3
22%

Stocks Performance

Stocks Performance
291 vs ABEV3

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291
ABEV3
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1Y 3Y 5Y 10Y 15Y 20Y

Performance Gap
291 vs ABEV3

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291
ABEV3
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
291 vs ABEV3

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291
ABEV3
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