Valuation Tsingtao Brewery Company Limited

Stocks

End-of-day quote Shanghai S.E. Other stock markets 15/07/2026			5-day change	1st Jan Change
54.94 ^CNY	+2.06%		+3.06%	-10.23%

26/06	Tsingtao Brewery Company Limited Approves Final Cash Dividend for the Year Ended December 31, 2025, Payable on 10 August 2026	CI
26/06	Tsingtao Brewery Company Limited Announces Board Changes, Effective June 26, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	1,09,177	1,20,911	84,165	92,347	72,078	64,024	-	-
Change	-	10.75%	-30.39%	9.72%	-21.95%	-11.17%	-	-
Enterprise Value (EV) ¹	94,874	1,03,330	64,933	74,410	59,255	50,167	48,587	48,663
Change	-	8.91%	-37.16%	14.59%	-20.37%	-15.34%	-3.15%	0.16%
P/E	42.6x	39.4x	23.9x	25.4x	18.2x	15.7x	14.8x	14.3x
PBR	5.87x	5.75x	3.71x	3.8x	2.72x	2.33x	2.16x	2.1x
PEG	-	2.3x	1.6x	14.46x	3.3x	3.63x	2.49x	4.13x
Capitalization / Revenue	3.62x	3.76x	2.48x	2.87x	2.22x	1.93x	1.88x	1.83x
EV / Revenue	3.14x	3.21x	1.91x	2.32x	1.82x	1.51x	1.43x	1.39x
EV / EBITDA	17.1x	17x	9.46x	10.6x	7.94x	7.11x	6.62x	6.33x
EV / EBIT	21.3x	20.7x	11.3x	12.7x	9.53x	8.39x	7.72x	7.35x
EV / FCF	21.4x	32.9x	34.5x	23.2x	23.8x	11.8x	10.8x	10.3x
FCF Yield	4.68%	3.04%	2.9%	4.32%	4.2%	8.48%	9.24%	9.7%
Dividend per Share ²	1.1	1.8	2	2.2	2.35	2.445	2.627	2.693
Rate of return	1.11%	1.67%	2.68%	2.72%	3.84%	4.45%	4.78%	4.9%
EPS ²	2.324	2.728	3.132	3.187	3.363	3.509	3.717	3.846
Distribution rate	47.3%	66%	63.9%	69%	69.9%	69.7%	70.7%	70%
Net sales ¹	30,167	32,172	33,937	32,138	32,473	33,123	33,968	34,907
EBITDA ¹	5,546	6,078	6,865	7,023	7,465	7,055	7,339	7,688
EBIT ¹	4,455	5,001	5,737	5,843	6,218	5,979	6,294	6,622
Net income ¹	3,155	3,711	4,268	4,345	4,588	4,788	5,036	5,289
Net Debt ¹	-14,303	-17,580	-19,232	-17,937	-12,823	-13,857	-15,437	-15,361
Reference price ²	99.00	107.50	74.75	80.92	61.20	54.94	54.94	54.94
Nbr of stocks (in thousands)	13,64,355	13,64,233	13,64,197	13,64,197	13,64,195	13,64,195	-	-
Announcement Date	28/03/22	22/03/23	26/03/24	30/03/25	26/03/26	-	-	-

¹CNY in Million²CNY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
TSINGTAO BREWERY COMPANY LIMITED	15.66x	1.51x	7.11x	4.45%	945.62Cr
ANHEUSER-BUSCH INBEV SA/NV	16.97x	3.33x	9.2x	1.81%	16TCr
AMBEV S.A.	14.99x	2.42x	7.17x	6.13%	4.75TCr
HEINEKEN N.V.	16.53x	1.87x	8.28x	2.67%	4.68TCr
CONSTELLATION BRANDS, INC.	11.05x	3.61x	9.7x	3.14%	2.25TCr
CARLSBERG A/S	15.02x	1.97x	9.18x	3.41%	1.97TCr
ASAHI GROUP HOLDINGS, LTD.	17.07x	1.25x	8.94x	3.19%	1.43TCr
KIRIN HOLDINGS COMPANY, LIMITED	13.23x	1.22x	8.48x	2.67%	1.41TCr
Average	15.07x	2.15x	8.51x	3.43%	4.12TCr
Weighted average by Cap.	15.91x	2.70x	8.71x	2.91%