Lately most stocks of the brewery sector are under selling pressure. Over the past 3 months the sector is 18 percent lower. Investors who bought the average share of the sector in 2000 now have huge profit of around 320 percent. Since 2012 the sector trades 102 percent higher. On average the sector yields a moderate dividend yield of 2 percent.
In terms of their price/earningsratios the European brewers are cheaper than the US ones. Per European share investors pay now less the for the expected earnings per share. So it seems the markets expect less growth of them. The sector (Europe and US) now trades with a relatively high CAPE-ratio of 37. Shares with the higher CAPE-ratios are Constellation Brands , Harboes Bryggeri and Heineken . Malteries FCO-BEL., Carlsberg are Molson Coors Brewing among the ones with the lower CAPE-ratios.
The European brewery sector has a CAPE of 14 and the US's sector of 0. ,
The EU stocks in this sector are around 14 percent higher and the US's are 0 percent higher.
The European brewers now deliver more dividends then the US ones. These in Europe now yield 2,06 percent and these in US 0,6 percent. 0, 0 and 0 have now the highest dividend returns (in case the dividends per share are unchanged).
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