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Accounting for Management - Beer Industry Analysis.

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Accounting for Management Beer Industry Analysis Group Report Prepared by Name D. Anderson Name L. Carmichael Name J. Corcoran Name L. Kwan EXECUTIVE SUMMARY The global beer industry continues to grow at a moderate pace. There are large developing markets for the industry, including the Asia/Pacific region, which is forecast to grow 17% over the next few years.1 Our analysis reviews the financial reports of four major players to determine which would provide the best long-term investment. This analysis focuses on Australian beer companies Foster's Group Ltd (FOSTER'S) and Lion Nathan Ltd (LNN) and compares them to overseas giants Heineken NV and Interbrew NV SA. Our study highlights 12 financial ratios, including liquidity, profitability and stability ratios, and trend and cash flow analysis to determine which company is the best performer now and in future. Of the four companies, we found that Heineken provides the strongest, long-term investment opportunity. The P/E ratio for Heineken was 13.6...

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