China Resources Beer (Holdings) Co (FRA:CHK) ROCE %: -10.75% (As of Dec. 2025)


FRA:CHK China Resources Beer (Holdings) Co Ltd FRA:CHK
91 GF Score
Price €2.32
GF Value €3.27
Valuation Modestly Undervalued
! 4 Warning Signs
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What is China Resources Beer (Holdings) Co ROCE %?

China Resources Beer (Holdings) Co FRA:CHK -2.11% 91 ROCE % is -10.75% as of Dec. 2025. GuruFocus rates FRA:CHK with a GF Score™ of 91/100 and a GF Value™ of €3.27 (Modestly Undervalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. China Resources Beer (Holdings) Co's annualized ROCE % for the quarter that ended in Dec. 2025 was -10.75%.

China Resources Beer (Holdings) Co  (FRA:CHK) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

China Resources Beer (Holdings) Co ROCE % Related Terms

China Resources Beer (Holdings) Co ROCE % Historical Data

* Premium members only.

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

* 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 ROCE % Chart

China Resources Beer (Holdings) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.03 17.31 17.57 15.05 11.97

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
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.47 27.51 1.21 33.23 -10.75
FRA:CHK
91GF Score
China Resources Beer (Holdings) Co Ltd FRA:CHK
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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China Resources Beer (Holdings) Co ROCE % Calculation

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

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=650.515/( ( (9091.041 - 3417.469) + (8321.868 - 3123.08) )/ 2 )
=650.515/( (5673.572+5198.788)/ 2 )
=650.515/5436.18
=11.97 %

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

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=-580.554/( ( (8595.259 - 2990.259) + (8321.868 - 3123.08) )/ 2 )
=-580.554/( ( 5605 + 5198.788 )/ 2 )
=-580.554/5401.894
=-10.75 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -10.75% mean?
China Resources Beer (Holdings) Co (FRA:CHK) has a ROCE % of -10.75% as of Dec. 2025.
Is China Resources Beer (Holdings) Co's ROCE % too high?
China Resources Beer (Holdings) Co's current ROCE % is -10.75%. Overall, China Resources Beer (Holdings) Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Resources Beer (Holdings) Co's ROCE % compare to STZ and TAP?
China Resources Beer (Holdings) Co's ROCE % of -10.75% can be compared against companies in the Beverages - Alcoholic industry. The industry median ROCE % is 7.68. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Beverages - Alcoholic company?
The median ROCE % among Beverages - Alcoholic companies is 7.68, based on 208 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Beverages - Alcoholic industry, the median ROCE % is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Beer (Holdings) Co's current ROCE % is -10.75%. 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 €2.32 — trading 29% below its estimated fair value. The current ROCE % is -10.75%. China Resources Beer (Holdings) Co's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For China Resources Beer (Holdings) Co (FRA:CHK), the current ROCE % is -10.75% 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 €2.32 is trading 29% 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:

  • ROCE %: -10.75%
  • GF Value™: €3.27 vs. price of €2.32 (29% below fair value)
  • GF Score™: 91/100 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

Address Xuehua Road, Xin\'an Street, No. 2, 30th Floor, Snow Beer Headquarters Building, 70th District, Bao\'an District, Shenzhen, CHN
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.
91GF Score

Get the complete analysis for FRA:CHK

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.32
Price
€3.27
GF Value