Beijing Enterprises Holdings (0392) AI Stock Analysis

• Market Cap: $42.67B
• Dividend Yield: 4.68%
• Average Volume (3M): 903.49K
• Price to Earnings (P/E): 7.3
• Beta (1Y): 0.55
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 30,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 2.96
• Shares Outstanding: 1,258,003,300
• 10 Day Avg. Volume: 768,588
• 30 Day Avg. Volume: 903,493
• PEG Ratio: -0.61
• Price to Book (P/B): 0.37
• Price to Sales (P/S): 0.37
• P/FCF Ratio: 56.00
• Enterprise Value/Market Cap: 2.58
• Enterprise Value/Revenue: 1.18
• Enterprise Value/Gross Profit: 8.69
• Enterprise Value/Ebitda: 15.49
• 1Y Price Target: $36.61
• Price Target Upside: 5.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 66 Neutral
• Price Target: HK$36.00 ▲(4.11% Upside)

Beijing Enterprises Holdings has a solid valuation with a low P/E ratio and a high dividend yield, which are the most significant strengths. However, financial performance is hindered by cash flow issues and inconsistent profitability. Technical indicators suggest a neutral market sentiment, lacking strong momentum.

Beijing Enterprises Holdings Business Overview & Revenue Model

Company Description

Beijing Enterprises Holdings Limited (0392) is a diversified investment holding company based in Hong Kong. The company operates across several sectors, including water supply, waste management, energy, and infrastructure. Its core products and services encompass the provision of drinking water, wastewater treatment, and the development and operation of energy facilities. Beijing Enterprises Holdings is also involved in the construction and management of various infrastructure projects, positioning itself as a key player in the Chinese environmental and utility sectors.

How the Company Makes Money

Beijing Enterprises Holdings generates revenue primarily through its operations in the utility sector, focusing on water supply and waste management services. The company earns money by charging municipalities and consumers for water services, including both the supply of drinking water and the treatment of wastewater. Additionally, it generates income from waste management services, which include the collection, recycling, and disposal of waste materials. The company's energy segment contributes to its revenue through the generation and sale of electricity and heat. Significant partnerships with government entities and local authorities help secure long-term contracts, providing a stable revenue stream. Moreover, the company's ongoing investments in infrastructure projects and its role in public-private partnerships enhance its earnings potential by facilitating the expansion of its service capabilities and market reach.

Beijing Enterprises Holdings Financial Statement Overview

Summary

Beijing Enterprises Holdings displays a strong balance sheet with a reasonable debt-to-equity ratio and stable equity. However, challenges are evident in cash flow generation, with negative free cash flow and zero operating cash flow, alongside fluctuating profitability impacting financial stability.

Income Statement

Beijing Enterprises Holdings shows a mixed performance in terms of profitability and growth. The gross profit margin has been relatively stable, but the net profit margin has fluctuated due to variability in net income. The revenue growth rate has been inconsistent, with a decline in the current year. EBIT and EBITDA margins indicate moderate operational efficiency, though they have decreased compared to previous years.

Balance Sheet

The balance sheet reflects a strong equity base with a healthy debt-to-equity ratio, indicating reasonable leverage. The return on equity has declined, suggesting a reduction in profitability from equity investments. The equity ratio is stable, which points to a balanced approach in asset financing.

Cash Flow

Cash flow analysis reveals challenges in cash generation, with operating cash flow turning to zero in the latest year. Free cash flow has been negative recently, highlighting potential liquidity issues. The ratios of operating and free cash flow to net income have decreased, signaling inefficiencies in converting income into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	93.21B	91.14B	90.56B	92.30B	80.52B	68.41B
Gross Profit	12.68B	12.16B	10.35B	10.84B	11.08B	10.67B
EBITDA	7.12B	10.19B	9.67B	10.13B	12.38B	8.18B
Net Income	5.83B	5.55B	6.06B	7.38B	9.92B	5.29B
Balance Sheet
Total Assets	237.22B	223.19B	225.39B	221.07B	222.82B	204.80B
Cash, Cash Equivalents and Short-Term Investments	32.97B	32.94B	31.75B	31.52B	33.27B	29.40B
Total Debt	87.72B	84.60B	84.57B	78.24B	72.96B	69.37B
Total Liabilities	125.85B	119.32B	122.56B	118.03B	113.76B	107.38B
Stockholders Equity	96.46B	90.32B	89.11B	89.92B	95.98B	84.90B
Cash Flow
Free Cash Flow	3.48B	600.16M	-575.29M	-4.54B	48.19M	4.25B
Operating Cash Flow	8.16B	7.14B	9.18B	8.88B	11.55B	10.44B
Investing Cash Flow	-3.38B	-7.11B	-11.74B	-14.34B	-11.34B	-6.04B
Financing Cash Flow	-7.92B	465.89M	3.63B	2.36B	1.81B	1.03B

Beijing Enterprises Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0392, the sentiment is Positive. The current price of 34.58 is above the 20-day moving average (MA) of 33.42, above the 50-day MA of 33.19, and above the 200-day MA of 30.06, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 64.32 is Neutral, neither overbought nor oversold. The STOCH value of 89.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0392.

Beijing Enterprises Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0001	71 Outperform	$193.03B	24.96	1.42%	4.37%	1.93%	-65.62%
0363	67 Neutral	$14.60B	5.51	5.58%	6.90%	-7.44%	-18.48%
0392	66 Neutral	$42.67B	7.33	6.26%	4.68%	―	―
0267	64 Neutral	$332.50B	5.24	7.65%	5.31%	2.45%	-0.36%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0019	63 Neutral	$85.16B	69.94	0.47%	5.20%	6.44%	-95.37%
0656	47 Neutral	$40.81B	44.05	-3.65%	0.39%	-8.93%	-698.78%

Beijing Enterprises Holdings Corporate Events

Beijing Yanjing Brewery Reports Strong Q3 2025 Results and Announces Dividend Plan

Beijing Yanjing Brewery Co., Ltd., a subsidiary of Beijing Enterprises Holdings Limited, reported a 4.57% increase in revenue and a 35.86% rise in profit for the third quarter of 2025 compared to the previous year. The company also announced a proposed profit distribution plan, maintaining a cash dividend of RMB 1.00 per 10 shares, highlighting its strong financial performance and commitment to shareholder returns.

The most recent analyst rating on (HK:0392) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on Beijing Enterprises Holdings stock, see the HK:0392 Stock Forecast page.

Beijing Enterprises Holdings Appoints New Non-Executive Directors

Beijing Enterprises Holdings Limited has announced the appointment of Mr. Yu Xijian and Mr. Su Junjie as Non-executive Directors, effective from September 30, 2025. This strategic move brings significant experience to the company’s board, with Mr. Yu’s background in investment management and Mr. Su’s extensive experience in asset management and finance. These appointments are expected to strengthen the company’s governance and strategic oversight, potentially enhancing its position in the market.

The most recent analyst rating on (HK:0392) stock is a Hold with a HK$35.00 price target. To see the full list of analyst forecasts on Beijing Enterprises Holdings stock, see the HK:0392 Stock Forecast page.

Beijing Enterprises Holdings Announces Board Composition and Roles

Beijing Enterprises Holdings Limited has announced the composition of its board of directors and the roles and functions of its members. The board comprises executive, non-executive, and independent non-executive directors, with specific members assigned to four key committees: Audit, Remuneration, Nomination, and Investment. This announcement provides clarity on the governance structure of the company, potentially impacting its strategic decision-making and operational oversight.

The most recent analyst rating on (HK:0392) stock is a Hold with a HK$35.00 price target. To see the full list of analyst forecasts on Beijing Enterprises Holdings stock, see the HK:0392 Stock Forecast page.

Beijing Enterprises Secures EUR500 Million Facility Agreement

Beijing Enterprises Holdings Limited, through its wholly-owned subsidiary Talent Yield European Limited, has entered into a facility agreement with a bank for a term of up to three years, securing a loan of up to EUR500 million. This agreement includes conditions related to the company’s controlling shareholder, Beijing Enterprises Group Company Limited, ensuring it maintains a significant shareholding and control, which underscores the company’s strategic alignment with the People’s Government of Beijing Municipality.

The most recent analyst rating on (HK:0392) stock is a Hold with a HK$35.00 price target. To see the full list of analyst forecasts on Beijing Enterprises Holdings stock, see the HK:0392 Stock Forecast page.

Beijing Enterprises Holdings Reports Strong H1 2025 Performance

Beijing Enterprises Holdings Limited (BEHL) is a diversified company operating in the integrated public utilities sector, with a focus on gas, water, environment, and beer businesses. In its latest earnings report for the first half of 2025, BEHL reported a revenue increase of 5.2% year-on-year, reaching approximately RMB44.529 billion, and a profit attributable to shareholders of RMB3.404 billion, marking an 8.1% increase. The company’s share price rose by 23.6%, reflecting strong market confidence.

Beijing Enterprises Holdings Announces Interim Dividend for 2025

Beijing Enterprises Holdings Limited has announced an interim dividend of HKD 0.85 per share for the six months ending June 30, 2025. Shareholders have the option to receive the dividend in RMB at a rate of RMB 0.7753377 per share. The ex-dividend date is set for September 10, 2025, with the payment date scheduled for October 31, 2025.

The most recent analyst rating on (HK:0392) stock is a Hold with a HK$35.00 price target. To see the full list of analyst forecasts on Beijing Enterprises Holdings stock, see the HK:0392 Stock Forecast page.

Beijing Enterprises Holdings Reports Strong Financial Growth and Strategic Expansion

Beijing Enterprises Holdings Limited reported a 5.2% increase in revenue and an 8.1% rise in profit for the first half of 2025, reflecting strong financial performance and market confidence. Key business achievements include a major LNG contract for Beijing Gas, improved cash flows for BE Water, and expansion efforts in waste-to-energy and beverage sectors, underscoring the company’s strategic focus on innovation and efficiency.

The most recent analyst rating on (HK:0392) stock is a Hold with a HK$35.00 price target. To see the full list of analyst forecasts on Beijing Enterprises Holdings stock, see the HK:0392 Stock Forecast page.

Beijing Enterprises Holdings Schedules Board Meeting for Interim Results

Beijing Enterprises Holdings Limited has announced a board meeting scheduled for August 28, 2025, to approve the interim results for the first half of the year and consider an interim dividend. This meeting is significant as it will determine the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.

The most recent analyst rating on (HK:0392) stock is a Hold with a HK$35.00 price target. To see the full list of analyst forecasts on Beijing Enterprises Holdings stock, see the HK:0392 Stock Forecast page.

Beijing Yanjing Brewery Reports Strong First Half 2025 Results

Beijing Yanjing Brewery Co., Ltd., a subsidiary of Beijing Enterprises Holdings Limited, reported a significant financial performance for the first half of 2025, with a 6.37% increase in revenue and a 45.51% rise in profit compared to the previous year. These results highlight the brewery’s robust growth and its positive impact on the parent company’s financial health, indicating strong operational efficiency and market positioning in the brewing industry.

The most recent analyst rating on (HK:0392) stock is a Hold with a HK$35.00 price target. To see the full list of analyst forecasts on Beijing Enterprises Holdings stock, see the HK:0392 Stock Forecast page.