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Eastroc Beverage (Group) Co. Ltd. Class H
(9980)
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Rating:75Outperform
Price Target:
HK$102.00
▼(-7.61% Downside)
Action:Reiterated
Date:10/30/26
The score is driven primarily by strong financial performance (durable margins, solid growth, improved leverage), supported by favorable shareholder return signals from valuation (moderate P/E and high dividend yield). Offsetting these positives, technical indicators are weak with the price below key moving averages and negative MACD, suggesting near-term momentum headwinds.
Positive Factors
Sustained Revenue Growth
Revenue growth has remained strong over multiple years and is still approximately 15% on a trailing-twelve-month basis. This indicates continued product demand and channel expansion, supporting ongoing scale benefits and providing a durable foundation for future earnings growth.
Negative Factors
Decelerating Growth
Although growth remains positive, the pace has slowed from exceptionally high levels recorded in prior years. Continued deceleration could reduce operating leverage and make it harder to sustain the company’s historical expansion rate, especially if future growth requires greater investment in channels and promotion.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Revenue growth has remained strong over multiple years and is still approximately 15% on a trailing-twelve-month basis. This indicates continued product demand and channel expansion, supporting ongoing scale benefits and providing a durable foundation for future earnings growth.
Read all positive factors
Eastroc Beverage (Group) Co. Ltd. Class H (9980) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$86.06B
Dividend Yield5.78%
Average Volume (3M)479.79K
Price to Earnings (P/E)12.3
Beta (1Y)1.45
Revenue Growth18.43%
EPS Growth9.88%
CountryHK
Employees12,376
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)6.74
Shares Outstanding58,182,410
10 Day Avg. Volume696,645
30 Day Avg. Volume479,785
Financial Highlights & Ratios
PEG Ratio13.12
Price to Book (P/B)12.48
Price to Sales (P/S)5.63
P/FCF Ratio29.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$138.57Price Target Upside25.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)8.11
Revenue Forecast (FY)HK$27.99B
Eastroc Beverage (Group) Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Eastroc Beverage (Group) Co., Ltd. specializes in the manufacturing and distribution of a wide array of beverages throughout China, Vietnam, and Malaysia. This diversified portfolio encompasses popular categories such as energy drinks, electrolyte...
How the Company Makes Money
Eastroc primarily makes money by selling packaged beverages under its own brands, generating revenue when products are shipped/sold through its distribution network into retail and other consumption channels.
Key revenue streams:
1) Sales of func...
Eastroc Beverage (Group) Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
76
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.58B | 20.88B | 15.84B | 11.26B | 8.51B | 6.98B |
| Gross Profit | 10.51B | 9.36B | 7.10B | 4.85B | 3.60B | 3.10B |
| EBITDA | 6.21B | 5.60B | 4.46B | 2.85B | 2.08B | 1.71B |
| Net Income | 4.79B | 4.42B | 3.33B | 2.04B | 1.44B | 1.19B |
Balance Sheet | ||||||
| Total Assets | 35.18B | 26.73B | 22.68B | 14.71B | 11.87B | 7.79B |
| Cash, Cash Equivalents and Short-Term Investments | 20.71B | 13.83B | 10.55B | 7.30B | 4.19B | 1.32B |
| Total Debt | 6.67B | 7.06B | 6.64B | 3.31B | 3.27B | 743.64M |
| Total Liabilities | 16.59B | 17.23B | 14.98B | 8.39B | 6.81B | 3.55B |
| Stockholders Equity | 18.55B | 9.42B | 7.69B | 6.32B | 5.06B | 4.24B |
Cash Flow | ||||||
| Free Cash Flow | 5.07B | 4.05B | 4.10B | 2.36B | 1.23B | 1.47B |
| Operating Cash Flow | 7.08B | 6.26B | 5.79B | 3.28B | 2.03B | 2.08B |
| Investing Cash Flow | -9.15B | -4.24B | -6.88B | -758.31M | -3.34B | -3.56B |
| Financing Cash Flow | 4.67B | -2.58B | 1.51B | -1.06B | 1.76B | 1.31B |
Eastroc Beverage (Group) Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$64.84B | 12.05 | 18.75% | 1.80% | ― | ― | |
75 Outperform | HK$86.06B | 12.33 | 28.26% | 5.78% | 18.43% | 9.88% | |
72 Outperform | HK$476.18B | 23.79 | 44.39% | 2.67% | 26.71% | 31.59% | |
71 Outperform | HK$33.84B | 13.30 | 16.17% | 7.02% | 3.65% | 4.00% | |
71 Outperform | HK$17.11B | 19.29 | 7.15% | 5.48% | ― | ― | |
63 Neutral | HK$17.19B | 98.80 | 7.89% | 1.76% | -13.68% | -19.91% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
HK:9980
Eastroc Beverage (Group) Co. Ltd. Class H
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Eastroc Beverage (Group) Co. Ltd. Class H Corporate Events
Eastroc Beverage Issues Unaudited Q3 2026 Report with Emphasis on Disclosure Integrity
Oct 29, 2026
Eastroc Beverage (Group) Co., Ltd. has released its unaudited third quarterly report for the period from 1 July to 30 September 2026, prepared under China Accounting Standards and denominated in RMB. The announcement was made in line with Hong Kon...
Eastroc Beverage Sets Board Meeting to Approve Q3 Results
Oct 16, 2026
Eastroc Beverage (Group) Co., Ltd., a Hong Kong-listed beverage group incorporated in the PRC, operates through a portfolio of subsidiaries in the drinks market under a board led by Chairman and CEO Lin Muqin. Its governance structure combines mul...
Eastroc Beverage Shareholders Back Board Slate at 2026 Extraordinary Meeting
Oct 9, 2026
Eastroc Beverage (Group) Co., Ltd., a Hong Kong-listed PRC beverage company with dual A and H share listings, convened its 2026 third extraordinary general meeting in Shenzhen with full board attendance. The meeting was conducted in compliance wit...
Eastroc Beverage Sets Out Board Structure and Committee Roles
Oct 9, 2026
Eastroc Beverage (Group) Co., Ltd. has disclosed an updated list of directors and clarified their roles and functions on the company’s board and key governance committees. The board comprises seven executive directors and four independent no...
Eastroc Beverage calls October EGM to overhaul board lineup
Sep 23, 2026
Eastroc Beverage (Group) Co., Ltd. has called its third extraordinary general meeting of 2026 for October 9 in Shenzhen to decide on a comprehensive reshuffle of its board for the fourth session. Shareholders will vote on the re-election of severa...
Eastroc Beverage appoints Lin Daiji as employee representative director for new board term
Sep 23, 2026
Eastroc Beverage has elected executive director Lin Daiji as the employee representative director for the fourth session of its board, following a democratic vote at an employee representative meeting on September 23, 2026. His term will begin aft...
Eastroc Beverage Plans Early Board Reshuffle Ahead of 2026
Sep 23, 2026
Eastroc Beverage has initiated an early reshuffle of its board ahead of the expiry of the third session, proposing an 11-member fourth-session board with six non-independent, four independent and one employee representative director, each to serve...
Eastroc Beverage Sets October Extraordinary General Meeting and Closes H-Share Register
Sep 18, 2026
Eastroc Beverage (Group) Co., Ltd. has scheduled an extraordinary general meeting for October 9, 2026, with a detailed circular, meeting notice and proxy form to be sent to shareholders in due course. The meeting will allow eligible H-shareholders...
Eastroc Beverage Revises Interim Dividend Terms and Sets HKD Payout for H-Shareholders
Sep 1, 2026
Eastroc Beverage (Group) Co., Ltd. has revised the terms of its interim cash dividend for the six months ended 30 June 2026, confirming a payout of RMB 30 per 10 shares for the financial year ending 31 December 2026. The default currency for H-sha...
Eastroc Beverage Updates Details of Interim Dividend for 2026 H Shareholders
Aug 31, 2026
Eastroc Beverage (Group) Co., Ltd. has announced an interim ordinary cash dividend for the six months ended 30 June 2026, set at RMB 30 per 10 shares for the financial year ending 31 December 2026. The company has updated key details for Hong Kong...
Eastroc Beverage shareholders back interim and three-year profit plans
Aug 31, 2026
Eastroc Beverage (Group) Co., Ltd. has reported the poll results of its 2026 second extraordinary general meeting in Shenzhen, confirming that all meeting procedures complied with PRC laws and the company’s articles of association. Sharehold...
Eastroc Beverage Sets Interim Dividend and Key Dates for 2026 Payout
Aug 13, 2026
Eastroc Beverage (Group) Co., Ltd. has declared an interim ordinary cash dividend of RMB 30 per 10 shares for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The dividend for H shareholders will be paid in Hong K...
Eastroc Beverage Calls August EGM on Payout Plans and H-Share Buyback Mandate
Aug 13, 2026
Eastroc Beverage has called its second extraordinary general meeting of 2026 for August 31 in Shenzhen, where shareholders will vote on the interim profit distribution plan for 2026 and a profit distribution and return plan covering 2026 to 2028. ...
Eastroc Beverage Sets August 2026 Cut-Off for H-Shareholders Ahead of Extraordinary Meeting
Aug 11, 2026
Eastroc Beverage (Group) Co., Ltd. has scheduled an extraordinary general meeting for 31 August 2026, with a circular to be sent to shareholders detailing the resolutions, meeting notice and proxy arrangements. The company has set 31 August 2026 a...
Eastroc Beverage Boosts Hua Xia Wealth Product Holdings in Discloseable Transaction
Aug 6, 2026
Eastroc Beverage has disclosed that two wholly owned subsidiaries subscribed to Hua Xia Bank wealth management products totaling RMB550 million on 5 August 2026, using idle funds. Together with previously subscribed products of RMB1,857 million th...
Eastroc Beverage Sets 2026–2028 Dividend Return Framework
Jul 30, 2026
Eastroc Beverage has adopted a three-year profit distribution and investor return plan for 2026–2028 that formalizes a stable, transparent dividend framework under Chinese corporate and securities regulations. The plan aims to balance long-t...
Eastroc Beverage Announces Interim Dividend and Tax Terms for H-Shareholders
Jul 30, 2026
Eastroc Beverage (Group) Co., Ltd. has declared an interim ordinary cash dividend of RMB 30 per 10 shares for the six months ended 30 June 2026, for the financial year ending 31 December 2026. Key dates for shareholder approval, record date, ex-di...
Eastroc Beverage Publishes Unaudited Interim Results for First Half of 2026
Jul 30, 2026
Eastroc Beverage (Group) Co., Ltd., a Shenzhen-based beverage producer listed in Hong Kong, has released unaudited interim results for the six months ended June 30, 2026. The board, comprising a mix of executive and independent non-executive direc...
Eastroc Beverage Amends Articles After Capitalization Boosts Share Base
Jul 30, 2026
Eastroc Beverage (Group) Co., Ltd. has updated its Articles of Association to reflect a significant increase in registered capital and total share count following the completion of a capitalization issue. The company’s issued shares have ris...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.