Abstract
This paper focuses on the financial situation of three modern brewery companies. In order to better analyze the profit data among the brewers and how investors can determine if they are correctly able to make a profit in the investment process. Using data from yahoo finance, this paper calculates for three companies, Budweiser, Heineken, and Carlsberg. The values of Leverage rate, Debt-to-equity ratio, Weighted average cost of capital (WACC), and Business risk are listed. The value of each company is analyzed by comparing different data for different companies. In addition, the reasons for the COVID-19 epidemic and the analysis of the import and export policies of different countries and the drinking characteristics are taken into account to make reasonable speculative recommendations. During this period, investment advice is given to brewers on the right business risks and suggestions for better development of brewers are given.
Reference11 articles.
1. Reid, N., & Gatrell, J.D. (2017). Craft Breweries and Economic Development: Local Geographies of Beer. Polymath: An Interdisciplinary Arts and Sciences Journal, 7, 90 - 110.
2. Ong AKS, Pequeña AR, Prasetyo YT, Chuenyindee T, Buaphiban T, Persada SF, Nadlifatin R. (2020, July 22). The Evaluation of the Local Beer Industry during the COVID-19 Pandemic and Its Relationship with Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity. 2022; 8 (3): 127. https://doi.org/10.3390/joitmc8030127.
3. Plata, A., Motoki, K., Spence, C., & Velasco, C. (2022). Trends in alcohol consumption in relation to the COVID-19 pandemic: A cross-country analysis. International Journal of Gastronomy and Food Science, 27, 100397. https://doi.org/10.1016/j.ijgfs.2021.100397.
4. Taveekitikun, T. (2007). Heineken in Asia Pacific. Journal of Management Sciences. 25 (1), 41 - 45.
5. Freeman, D. G. (2001). Beer and the business cycle. Applied Economics Letters, 8 (1), 51 - 54. https://doi.org/10.1080/135048501750041295.