Analysis of Profit/Loss and Balance Sheet
Balance Sheet
SABECO Current Assets HABECO Current Assets SABECO YOY Growth HABECO YOY Growth m ill io n VN D
Cash and cash equivalents Short-term financial investments Short-term receivables
Inventories Other short-term assets
Figure 2: SABECO current assets in 2020
Between 2017 and 2020, SABECO experienced significant growth in total current assets, increasing from VND 13.6 trillion to VND 19.5 trillion This upward trend can be attributed to the company's consistent enhancement of short-term financial investments over the years.
Noticeably, current assets increased by a dramatic 30.46 percent in 2019 Meanwhile, there was a
This article focuses on the financial analysis of Sabeco Group, highlighting key metrics and performance indicators essential for understanding the company's financial health The analysis examines revenue trends, profit margins, and market positioning, providing insights into Sabeco's operational efficiency and growth potential Additionally, it explores the competitive landscape and strategic initiatives that influence the group's financial outcomes The findings aim to inform stakeholders about the company's financial stability and future prospects in the beverage industry.
The financial analysis of SABECO reveals a downward trend in total short-term assets, reaching a low of VND 4.1 trillion in 2019 This decline indicates potential challenges in liquidity and asset management within the company.
SABECO Long-term Assets HABECO Long-term Assets SABECO YOY Growth HABECO YOY Growth m ill io n VN D
Figure 3: Long-term assets comparison
SABECO has shown a limited investment in long-term assets, resulting in a notable decline of 7.82%, with the value decreasing from VND8.3 trillion to VND7.8 trillion over the years This reduction is attributed to the lack of new fixed asset construction, coupled with rising accumulated depreciation Similarly, HABECO has experienced a downward trend in its long-term assets.
VND4.2 trillion to VND3.2 trillion.
This article presents a comprehensive financial analysis of Sabeco Group, focusing on key performance indicators and financial metrics The analysis evaluates the company's revenue growth, profitability, and market position within the beverage industry Furthermore, it examines Sabeco's strategic initiatives and operational efficiencies that contribute to its financial health By utilizing various financial ratios and comparisons, the report aims to provide insights into Sabeco's overall financial stability and future growth prospects The findings underscore the importance of ongoing financial assessment to inform investment decisions and strategic planning for stakeholders.
The financial analysis of Sabeco Group reveals key insights into its performance and strategic positioning By examining various financial metrics, we can assess the company's profitability, liquidity, and overall financial health This analysis not only highlights areas of strength but also identifies potential challenges that may impact future growth Understanding these financial dynamics is crucial for stakeholders looking to make informed decisions regarding investments and operational strategies within the beverage industry.
SABECO Current Liabilities HABECO Current Liabilities SABECO YOY Growth HABECO YOY Growth m ill io m V N D
SABECO’s current liabilities decreased throughout the years with its most significant decline of
19.94 percent from 2017 to 2018 Overall, the figure went down from VND7.4 trillion to
Over a period of time, there was a decrease of VND 5.1 trillion attributed to a decline in short-term borrowings, financial leases, and other short-term payables, reflecting a consistent downward trend in these financial aspects.
HABECO’s current liabilities but to a greater degree
SABECO Long-term Liabilities HABECO Long-term Liabilities SABECO YOY Growth HABECO YOY Growth m ill io n VN D
Figure 5: Long-term liabilities comparison
Contrary to current liabilities, the long-term liabilities of SABECO grew fivefold over four years to approximately VND1 trillion due to long-term borrowings and financial leases Nonetheless,
The financial analysis of Sabeco Group reveals key insights into its performance and market position This analysis examines the company's revenue streams, profitability, and overall financial health, highlighting trends and potential growth areas By evaluating financial ratios and comparing them with industry benchmarks, stakeholders can better understand Sabeco's competitive advantages and challenges Additionally, the report addresses the implications of market dynamics on the company's future prospects, providing a comprehensive overview for investors and decision-makers.
SABECO's financial analysis reveals that its liabilities are significantly lower than its assets, indicating a strong ability to manage debt and interest expenses In contrast, HABECO experienced a steady decline in long-term liabilities, decreasing from VND 0.5 trillion to VND 0.2 trillion from 2017 to 2020.
SABECO Equity HABECO Equity SABECO YOY Growth
HABECO YOY Growth m ill io n VN D
As shown in Figure 6, SABECO’s stockholder increased from VND14.1 trillion to VND21.2 trillion, thanks to the accumulated retained earnings Similarly, there was an increase in
HABECO’s stockholder’s equity but at a slower rate The reason behind this trend was also due to undistributed earnings after tax, making up for declines in other accounts
Overall, looking at the horizontal common-size analysis of the two enterprises, it is evident that
SABECO outperformed HABECO during the surveyed period, demonstrating a steady increase in total assets that surpassed total liabilities more significantly than HABECO This indicates SABECO's stronger net worth and financial health, characterized by lower risk and higher revenue potential Additionally, SABECO experienced faster growth in stockholder equity, suggesting its capability to sustain and enhance profits effectively.
Table 1: SABECO vertical common-size balance sheet
The financial analysis of Sabeco Group reveals key insights into its performance and market position An examination of the company's financial statements indicates strong revenue growth, driven by increased sales and effective cost management strategies Additionally, Sabeco's robust liquidity and profitability ratios suggest a solid financial foundation, enabling it to navigate market challenges The analysis also highlights potential areas for improvement, such as optimizing operational efficiency and expanding market share Overall, Sabeco Group demonstrates a promising outlook, supported by strategic financial planning and a commitment to innovation in the beverage industry.
The financial analysis of Sabeco Group reveals key insights into its performance and market position By examining financial statements and metrics, we can assess the company's profitability, liquidity, and overall financial health This analysis serves as a crucial tool for stakeholders to make informed decisions regarding investments and strategic planning Understanding Sabeco Group's financial dynamics is essential for evaluating its potential for growth and sustainability in the competitive beverage industry.
From 2017 to 2020, SABECO's total current assets were double that of its non-current assets, indicating strong liquidity However, the company's high current ratio suggests that it may not be utilizing its current assets or short-term financing effectively.
SABECO's financial analysis reveals a significant reduction in short-term liabilities, decreasing from 33.62% in 2017 to 18.90% in 2020 Conversely, the company experienced a steady rise in long-term liabilities during the same timeframe, indicating a shift in its debt structure.
SABECO’s stockholder equity took up the largest proportion of its total liabilities and equity in all the years studied Moreover, the figure showed a gradual increase throughout the years from
This article provides a comprehensive financial analysis of Sabeco Group, focusing on key performance indicators, market trends, and financial health It examines revenue growth, profitability ratios, and liquidity measures to evaluate the company's operational efficiency Additionally, the analysis highlights Sabeco's competitive positioning within the beverage industry and its strategic initiatives for future growth By assessing these factors, the article aims to offer valuable insights into Sabeco Group's financial stability and potential investment opportunities.
Income statement
SABECO Net revenue HABECO Net revenue SABECO YOY Growth HABECO YOY Growth m ill io n VN D
Figure 7: Net revenue and year-on-year growth rate of SABECO
Between 2017 and 2019, SABECO experienced a steady net revenue growth of 5 percent, reflecting a stable performance for a mature company in a saturated market However, in 2020, the company faced a significant downturn, with revenue plummeting by 26 percent Similarly, HABECO encountered a challenging year in 2020, witnessing a revenue decline of 20 percent.
The Covid-19 pandemic significantly reduced public gatherings, leading to a decrease in alcohol consumption Additionally, the enforcement of Decree 100/2019/NDCP, effective January 1, 2020, prohibits driving under the influence of alcohol, further contributing to this decline.
On February 24, 2020, Decree 24 implemented stricter regulations on alcohol advertising, limiting its use in film, theater, and television The decree also aimed to prevent individuals under 18 from accessing alcohol-related information and purchasing alcoholic beverages These measures have notably affected beer sales and consumption, including that of SABECO.
This article focuses on the financial analysis of Sabeco Group, highlighting key metrics and performance indicators that reflect the company's economic health It examines revenue trends, profit margins, and market positioning, providing insights into Sabeco's competitive advantages and challenges The analysis also addresses the impact of external factors such as market demand and regulatory changes on the company's financial stability Overall, the article aims to present a comprehensive overview of Sabeco Group's financial performance, essential for stakeholders and investors seeking to understand its growth potential.
The financial analysis of Sabeco Group provides valuable insights into its performance and market position This analysis examines key financial metrics, including revenue growth, profitability, and operational efficiency By evaluating these factors, stakeholders can better understand Sabeco's financial health and strategic direction Additionally, the report highlights potential risks and opportunities within the market, guiding informed decision-making for investors and management alike Overall, a thorough financial analysis is essential for assessing Sabeco Group's future prospects and competitive advantage in the industry.
Figure 8: Common-size costs of goods sold comparison
Beers Raw materials Beverages Alcohol and wine Others
Figure 9: SABECO cost of goods sold in 2020
The cost of goods sold (COGS) in the beverage industry is closely linked to production expenses, including labor and materials, highlighting its low-margin nature SABECO's vertical common-size income statement reveals a steady decrease in COGS as a percentage of net revenue, demonstrating improved efficiency in production and purchasing over time.
Meanwhile, this figure remained relatively the same for HABECO Figure 9 provides a
The financial analysis of Sabeco Group highlights key metrics and performance indicators that reflect the company's market position and operational efficiency By examining revenue trends, profit margins, and cost management strategies, we gain insights into Sabeco's financial health Additionally, the analysis considers external factors such as market competition and regulatory impacts, which play a crucial role in shaping the company's strategic decisions Overall, this comprehensive evaluation provides a clear understanding of Sabeco Group's financial dynamics and future growth potential.
SABECO's financial analysis reveals that beer constitutes the largest segment of its product offerings, representing an impressive 84.15 percent of the company's primary business line This significant percentage underscores the dominance of beer in SABECO's overall sales strategy and highlights its critical role in the company's revenue generation.
Financial expenses Selling expenses General expenses
Figure 10: SABECO common-size operating expenses
SABECO's primary operating expenses include selling expenses, general and administrative expenses, and financial expenses In 2020, selling expenses constituted a significant 10.16 percent of net revenue, predominantly allocated to advertising, promotion, and salesforce efforts General and administrative expenses ranged from 2.5 to 3 percent annually, while financial expenses, primarily interest, represented less than 1 percent of total expenses.
SABECO had a minimal amount of interest-bearing debt
The financial analysis of SABECO Group provides a comprehensive overview of its economic performance and strategic positioning in the market This analysis examines key financial metrics, including revenue growth, profitability, and liquidity, highlighting the company's strengths and areas for improvement By evaluating SABECO's market trends and competitive landscape, the report offers insights into its operational efficiency and potential for future growth Understanding these factors is crucial for stakeholders to make informed decisions regarding investments and strategic planning within the beverage industry.
The financial analysis of Sabeco Group reveals key insights into its performance and strategic positioning in the market By examining financial metrics such as revenue growth, profit margins, and market share, we can assess the company's overall health and competitiveness Additionally, understanding the factors influencing Sabeco's financial outcomes, including operational efficiency and market trends, is crucial for stakeholders This analysis not only highlights the strengths and weaknesses of Sabeco Group but also provides a foundation for informed decision-making regarding future investments and strategic initiatives.
FInancial income Joint ventures' profit Other profit
Figure 11: SABECO common-size non-operating gains
Figure 11 describes three major non-operating gains for SABECO between 2017 and 2020.
In 2020, SABECO's financial income grew to 3 percent, primarily driven by interest income from bank term deposits, totaling VND930 billion Additionally, income from joint ventures and subsidiaries contributed approximately 2 percent to net revenue Other profits were determined by subtracting losses from other income on the income statement.
SABECO Net Profit HABECO Net Profit m ill io n VN D
Figure 12: Net profit after tax comparison
The financial analysis of Sabeco Group reveals key insights into its performance and market position This comprehensive evaluation focuses on the company's revenue trends, profitability ratios, and overall financial health By examining Sabeco's balance sheet and income statement, we can identify strengths and weaknesses that influence its competitive edge in the beverage industry Furthermore, understanding the impact of external factors such as market demand and regulatory changes is crucial for forecasting future growth This analysis serves as a valuable resource for stakeholders looking to make informed decisions regarding investments in Sabeco Group.
The financial analysis of Sabeco Group highlights its performance, profitability, and market position This assessment provides insights into the company's revenue growth, cost management, and investment strategies By examining key financial metrics, stakeholders can better understand Sabeco's operational efficiency and potential for future expansion Overall, the analysis serves as a valuable tool for making informed decisions regarding investments and strategic planning within the competitive beverage industry.
Figure 13: Earnings per share/EPS comparison
Both companies recorded fluctuating profits between 2017 and 2020 It is noteworthy that in
2020, even when SABECO recorded a 26 percent drop in revenue, its after-tax profit only fell
6.5 percent That shows the company was able to scale down its expenses to adapt to the difficult time More surprising is that HABACO recorded growth in profit at 21.5 percent in the same year The increase was due to the profitable non-operating business line of the company, which was not discussed thoroughly in its financial statements
Ratio Analysis
Liquidity ratios
Cash Ratio Quick Ratio Current Ratio
Between 2017 and 2020, SABECO's current ratio surged from 1.85 to 3.77, driven by a rise in short-term assets from VND13.6 trillion to VND19.5 trillion, significantly exceeding the ideal range of 1.5 to 2 for meeting current obligations (Babalola & Abiola, 2013) Despite this increase, the cash ratio remained stable, indicating minimal fluctuations in cash and cash equivalents The notable growth in short-term assets was largely attributed to short-term financial investments, which escalated from VND6.5 trillion to VND14.5 trillion, primarily consisting of bank deposits with maturities of less than one year.
SABECO are much higher than those of HABECO, except for the cash ratio Nonetheless, higher liquidity ratios do not translate to better ratios Notably, a current ratio at 3.77 means
SABECO may be overly focused on liquidity, which can be used for effective capital expenditure or business expansion instead
The financial analysis of Sabeco Group reveals key insights into its performance and market position By examining financial statements, we can assess revenue growth, profitability, and liquidity ratios Additionally, understanding the competitive landscape and market trends is crucial for evaluating Sabeco's strategic initiatives This analysis provides a comprehensive overview of the company's financial health, enabling stakeholders to make informed decisions Overall, Sabeco Group's financial metrics indicate a robust foundation for future growth and investment opportunities.
The financial analysis of Sabeco Group reveals key insights into its performance and strategic positioning By examining revenue trends, cost structures, and profitability metrics, we can assess the company's financial health and operational efficiency This analysis highlights the importance of understanding market dynamics and competitive advantages that influence Sabeco's growth trajectory Furthermore, evaluating financial ratios and cash flow patterns provides a comprehensive overview of the group's fiscal stability and investment potential Overall, this financial assessment serves as a crucial tool for stakeholders to make informed decisions regarding Sabeco Group's future prospects.
Leverage ratios
SABECO's debt ratio has steadily decreased over the years, reaching 22.50 percent in 2020, indicating that the company primarily relies on equity financing The significant growth in retained earnings after tax, which increased from VND 5.8 trillion to VND 12.3 trillion during this period, has been the main driver of this financial stability.
SABECO Interest Coverage SABECO Cash Coverage HABECO Interest Coverage HABECO Cash Coverage
Figure 17: Coverage ratios comparison between SABECO and HABECO
Figure 17 compares the ability to cover interest expenses for both companies It shows that
SABECO is in a much stronger position, with interest coverage and cash coverage above 100 multiples However, SABECO recorded a sharp decrease in interest coverage in 2020 The
The financial analysis of Sabeco Group reveals key insights into its performance and market position This assessment includes a thorough examination of the company's revenue streams, cost structures, and profitability ratios Additionally, it highlights the impact of market trends and consumer behavior on Sabeco's financial health By evaluating these factors, we can better understand the strategic decisions that drive the company's growth and competitiveness in the beverage industry Overall, the analysis provides a comprehensive overview of Sabeco Group's financial stability and future prospects.
The financial analysis of Sabeco Group reveals critical insights into its performance and market position By examining key financial metrics, we can assess the company's profitability, liquidity, and overall financial health This analysis not only highlights Sabeco Group's strengths but also identifies potential areas for improvement, ensuring informed decision-making for stakeholders Understanding these financial dynamics is essential for evaluating the company's future growth prospects and strategic direction.
Efficiency ratios
SABECO Inventory SABECO A/R HABECO Inventory HABECO A/R
Figure 18: Efficiency ratios by period comparison between SABECO and HABECO
SABECO demonstrates impressive efficiency in its receivables and inventory management, as illustrated in Figure 18 Strong sales contribute to this effectiveness, showcasing the company’s ability to optimize its operations Additionally, Figure 19 highlights the operating cycle of SABECO from 2018 to 2020, indicating a consistent performance despite fluctuations in the operating cycle during this period.
This group assignment focuses on the financial analysis of Sabeco, a prominent player in the beverage industry The analysis aims to evaluate Sabeco's financial performance, including key metrics such as revenue growth, profitability, and market positioning By examining financial statements and ratios, the assignment seeks to provide insights into the company's operational efficiency and potential for future growth Additionally, it will explore the competitive landscape and economic factors affecting Sabeco, offering a comprehensive overview of its financial health and strategic direction.
The financial analysis of Sabeco Group reveals a significant improvement in operational efficiency, as evidenced by the contraction of the cash cycle from six days to just one day This remarkable reduction highlights the company's effective management of resources and cash flow, showcasing a prime ratio of efficiency that positions Sabeco Group favorably in the market.
Table 2: Comparison between SABECO and the F&B industry (Fusion Media Corp., 2021)
Efficiency ratios (Trailing 12 months) SABECO (days) Industry (days)
SABECO demonstrates a higher efficiency compared to the broader food and beverage industry, as indicated in Table 2 Following its acquisition by Thai investors, SABECO has implemented various comprehensive strategies to enhance inventory management and sales activities, significantly boosting its business efficiency (Bao, 2021a).
Profitability ratios
SABECO Gross Profit SABECO Net Profit HABECO Gross Profit HABECO Net Profit
Figure 20: Profit margins comparison between SABECO and HABECO
Both companies have had similar gross profit margin rates over the years, which remain between
The beverage industry faces a significant cost of goods sold, accounting for 25 to 30 percent of total expenses, impacting both large and mid-sized companies Despite these high costs, it's essential to analyze the net profit margin for a clearer understanding of overall financial health.
SABECO seems significantly more profitable The reason is that SABECO has a significant amount of financial income, which was approximately VND1 trillion in 2020 and accounted for
SABECO generates 3.45% of its net revenue primarily from interest income on bank deposits Notably, both companies experienced an increase in profit margins in 2020, highlighting a surprising trend in their financial performance.
The financial analysis of Sabeco Group reveals key insights into its performance and market position A comprehensive review of its financial statements indicates trends in revenue growth and profitability The analysis highlights the company's strategic initiatives and operational efficiencies that contribute to its competitive advantage Furthermore, examining financial ratios provides a deeper understanding of liquidity, solvency, and overall financial health This assessment is crucial for stakeholders seeking to evaluate investment opportunities and the future trajectory of Sabeco Group in the beverage industry.
The financial analysis of Sabeco Group during the Covid-19 pandemic reveals significant impacts on its operations As noted by Kim (2021), a key factor contributing to this situation was the decline in prices of essential alcohol ingredients, including barley, aluminum, and hops This shift in market dynamics affected the overall financial performance of the company, highlighting the challenges faced by the beverage industry during this unprecedented time.
2020, lowering the costs of goods sold
Figure 21: Return ratios comparison between SABECO and HABECO
Return on assets (ROA) is a key metric that evaluates a company's profitability relative to its assets, with higher ROA indicating effective asset utilization Similarly, return on equity (ROE) reflects a firm's efficiency in managing capital and the profitability of shareholder investments SABECO boasts an impressive ROA of approximately 20% and an ROE of around 25%, making these figures particularly attractive for a manufacturing firm, as noted by Birken (2021), given the asset-intensive nature of the industry.
Market value ratios
The P/E ratio indicates the market's valuation of a company based on its past or anticipated profits In 2018, SABECO's P/E ratio was 40, suggesting that investors anticipated significant growth However, as the company's stock price declined over time, its P/E ratio decreased, reaching 20.02 by September 2021.
In 2021, Bao reported that the stock was trading at a historically low price due to two main factors: a lack of investor confidence in the hospitality industry and limited growth potential in the beer market.
This group assignment focuses on the financial analysis of Sabeco, a prominent player in the beverage industry The analysis aims to evaluate Sabeco's financial performance, including revenue trends, profitability, and market positioning By examining key financial ratios and metrics, the group seeks to provide insights into the company's operational efficiency and growth potential Additionally, the assignment will explore external factors influencing Sabeco's financial health, such as market competition and economic conditions Ultimately, the goal is to present a comprehensive overview of Sabeco's financial status and strategic direction.
The financial analysis of Sabeco Group reveals key insights into its performance and market position This comprehensive evaluation examines the company's revenue streams, cost structure, and profitability metrics It highlights the strategic initiatives implemented by Sabeco Group to enhance operational efficiency and drive growth Additionally, the analysis considers external factors affecting the business environment, including market trends and competitive dynamics Overall, the findings provide a clear understanding of Sabeco Group's financial health and future prospects.
SABECO P/E Ratio SABECO P/B Ratio HABECO P/E Ratio
Figure 22: Market ratios comparison between SABECO and HABECO
Figure 23: Net worth comparison between SABECO and HABECO
Figure 23 shows that SABECO had a market capitalisation of VND120 trillion, sixfold that of
HABECO's net worth has steadily declined, indicating a troubling trend for the company Despite a booming Vietnamese stock market, exemplified by a 14.86 percent increase in the VN-Index in 2020 due to a surge in new retail investors, SABECO's market capitalization shrank In stark contrast, SABECO's stock price plummeted by 14.48 percent during the same year, highlighting a disconnect between market performance and the company's valuation.
EBITDA, show the same pattern From the company perspective, a decreasing EV multiple means it is being valued less and less by the public.
The financial analysis of Sabeco Group reveals key insights into its performance and market position This assessment focuses on various financial metrics, including revenue growth, profitability, and asset management By evaluating Sabeco's financial statements, we can identify trends and areas for improvement that are crucial for strategic decision-making Understanding these financial dynamics is essential for stakeholders looking to gauge the company's future prospects and investment potential.
The financial analysis of Sabeco Group reveals key insights into its performance and market position This assessment examines the company's revenue trends, profitability, and operational efficiency By analyzing financial statements, we can identify strengths and weaknesses, providing a comprehensive overview of Sabeco's financial health Additionally, the analysis highlights potential growth opportunities and risks, guiding strategic decision-making for stakeholders Understanding these financial metrics is crucial for evaluating Sabeco Group's future prospects in the competitive beverage industry.
Conclusion
SABECO stands out as a prominent leader in its industry, boasting a robust balance sheet and impressive net profit margins Currently, the company is in a mature phase characterized by consistent yet gradual growth.
Covid-19 pandemic had a heavy toll on its financial performance in 2020
SABECO demonstrates strong liquidity with current assets significantly exceeding its obligations, indicating potential for long-term investments The company maintains a low debt-to-asset ratio, primarily funded by shareholders’ equity From 2017 to 2020, SABECO enhanced its efficiency ratios, outperforming the industry average due to operational improvements by its Thai owners While its gross profit margins align with competitors, SABECO boasts a notably higher net profit margin, attributed to substantial financial income from interest deposits However, the gradual decline in all market value ratios suggests a decrease in market confidence regarding the company's growth prospects.
The video presentation of this report can be found at: https://youtu.be/cPMmv3by-Z0
The financial analysis of Sabeco Group reveals key insights into its performance and market position This analysis encompasses various financial metrics, including revenue growth, profitability, and market share, highlighting the company's strengths and areas for improvement By examining trends in sales and expenses, stakeholders can better understand Sabeco's financial health and strategic direction Additionally, assessing the competitive landscape provides context for Sabeco's operations within the beverage industry Overall, this comprehensive financial analysis serves as a valuable tool for investors and decision-makers seeking to evaluate Sabeco Group's potential for future growth and sustainability.
The financial analysis of Sabeco Group reveals key insights into its performance and market position By examining financial statements, we can assess profitability, liquidity, and overall financial health Understanding these metrics is crucial for stakeholders to make informed decisions regarding investments and strategic planning Sabeco Group's financial trends indicate areas of strength and potential challenges that require attention for sustainable growth.
Appendices
The financial analysis of Sabeco Group highlights key performance indicators and financial metrics that provide insights into the company's operational efficiency and market position This analysis examines revenue trends, profitability ratios, and cost management strategies, offering a comprehensive overview of Sabeco's financial health Additionally, it identifies potential growth opportunities and risks within the competitive landscape, emphasizing the importance of strategic planning for sustained success By understanding these financial dynamics, stakeholders can make informed decisions regarding investments and resource allocation within the Sabeco Group.
This article focuses on the financial analysis of Sabeco Group, highlighting key metrics and performance indicators It examines the company's revenue trends, profitability, and market position within the beverage industry The analysis also considers external factors affecting Sabeco's financial health, such as economic conditions and competition By evaluating these elements, the article aims to provide insights into Sabeco's overall financial stability and growth potential.