China Resources Beer (Holdings) Co (FRA:CHK) EBIT: €647 Mil (TTM As of Dec. 2025)

What is China Resources Beer (Holdings) Co EBIT?

China Resources Beer (Holdings) Co FRA:CHK +0.85% 90 EBIT is €647 Mil as of Dec. 2025. GuruFocus rates FRA:CHK with a GF Score™ of 90/100 and a GF Value™ of €3.27 (Modestly Undervalued). The stock has 4 warning signs investors should review.

China Resources Beer (Holdings) Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €-290 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €647 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Resources Beer (Holdings) Co's annualized ROC % for the quarter that ended in Dec. 2025 was -1.21%. China Resources Beer (Holdings) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -23.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Resources Beer (Holdings) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.60%.

China Resources Beer (Holdings) Co (FRA:CHK) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

China Resources Beer (Holdings) Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-82.936 * ( 1 - 0% )	/	( (6186.389	+	7495.537)	/ 2 )
=	-82.936	/	6840.963
=	-1.21 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8595.259	-	2902.839	-	( 1242.108	-	max(0, 2990.259	-	2496.29	+	1242.108	))
=	6186.389

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8321.868	-	1377.541	-	( 1207.667	-	max(0, 3123.08	-	2571.87	+	1207.667	))
=	7495.537

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

China Resources Beer (Holdings) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-580.554	/	( ( (2501.361 + max(-1648.657, 0))	+	(2546.165 + max(-1595.914, 0)) )	/	2 )
=	-580.554	/	( ( 2501.361	+	2546.165 )	/	2 )
=	-580.554	/	2523.763
=	-23.00 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(189.57	+	1032.494	+	32.118)	-	(2902.839	+	0	+	0)
=	-1648.657

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(21.583	+	1120.366	+	135.438)	-	(1377.541	+	0	+	1495.76)
=	-1595.914

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

China Resources Beer (Holdings) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	646.586	/	7516.778
	=	8.60 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Resources Beer (Holdings) Co EBIT Related Terms

China Resources Beer (Holdings) Co EBIT Historical Data

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The historical data trend for China Resources Beer (Holdings) Co's EBIT can be seen below:

China Resources Beer (Holdings) Co EBIT Chart

China Resources Beer (Holdings) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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864.39

753.80

932.39

882.77

650.52

China Resources Beer (Holdings) Co Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
EBIT	Get a 7-Day Free Trial															109.04	827.49	35.15	936.86	-290.28

FRA:CHK vs STZ, TAP: EBIT Comparison

For the Beverages - Brewers subindustry, China Resources Beer (Holdings) Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Resources Beer (Holdings) Co EV-to-EBIT vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Resources Beer (Holdings) Co's EV-to-EBIT falls into.

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China Resources Beer (Holdings) Co Ltd FRA:CHK

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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China Resources Beer (Holdings) Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €647 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €647 Mil mean?

China Resources Beer (Holdings) Co (FRA:CHK) has a EBIT of €647 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Resources Beer (Holdings) Co.

Is China Resources Beer (Holdings) Co's EBIT too high?

China Resources Beer (Holdings) Co's current EBIT is €647 Mil. Overall, China Resources Beer (Holdings) Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does China Resources Beer (Holdings) Co's EBIT compare to STZ and TAP?

China Resources Beer (Holdings) Co's EBIT of €647 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Beverages - Alcoholic company?

A good EBIT depends on the Beverages - Alcoholic industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Resources Beer (Holdings) Co. China Resources Beer (Holdings) Co's current EBIT is €647 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is China Resources Beer (Holdings) Co stock overvalued right now?

Based on GuruFocus' analysis, China Resources Beer (Holdings) Co (FRA:CHK) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.27, compared to a current price of €2.37 — trading 27.5% below its estimated fair value. The current EBIT is €647 Mil. China Resources Beer (Holdings) Co's overall GF Score™ is 90/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For China Resources Beer (Holdings) Co (FRA:CHK), the current EBIT is €647 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Resources Beer (Holdings) Co (FRA:CHK) Overvalued in 2026?

Based on GuruFocus' analysis, China Resources Beer (Holdings) Co stock appears to be undervalued. The current stock price of €2.37 is trading 27.5% below its estimated GF Value™ of €3.27. GuruFocus considers China Resources Beer (Holdings) Co to be Modestly Undervalued.

Key valuation signals for FRA:CHK:

EBIT: €647 Mil
GF Value™: €3.27 vs. price of €2.37 (27.5% below fair value)
GF Score™: 90/100 with 4 warning signs

No single metric tells the full story. See the FRA:CHK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Resources Beer (Holdings) Co Business Description

Industry Consumer Defensive Beverages - Alcoholic

Comparable Companies HKSE:01876 HKSE:01115 HKSE:00236 XBRU:ABI XZIM:DLTA.ZW BSP:ABEV3 XAMS:HEIA MEX:FEMSAUBD STZ XAMS:HEIO OCSE:CARL B TSE:2502 TSE:2503 SHSE:600600 TSX:TPX.B TAP SZSE:000729 TSE:2501 SHSE:600132 BOM:532478

Other Exchanges CRHKY:USA CRHKF:USA 00291:Hong Kong CHK:Germany

Address Xuehua Road, Xin\'an Street, No. 2, 30th Floor, Snow Beer Headquarters Building, 70th District, Bao\'an District, Shenzhen, CHN

Website https://www.crbeer.com.hk

China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food, and beverage industries. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company achieved its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR Beer acquired Heineken China in 2019, which allows CR Beer access to a premium international beer brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 26%, versus 15% of Tsingtao and 19% of Budweiser APAC, based on Euromonitor data.

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€2.37

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€3.27

GF Value

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