Tsingtao Brewery Company Limited Website

Tsingtao Brewery Company Limited

SEHK-168

Basic

  • Market Cap

    HK$79.85B

  • EV

    HK$54.07B

  • Shares Out

    1,364.2M

  • Revenue

    CN¥33.38B

  • Employees

    30,687

Margins

  • Gross

    39.01%

  • EBITDA

    16.45%

  • Operating

    13.37%

  • Pre-Tax

    17.79%

  • Net

    13.22%

  • FCF

    5.62%

Returns (5Yr Avg)

  • ROA

    6.84%

  • ROTA

    14.31%

  • ROE

    12.78%

  • ROCE

    10.68%

  • ROIC

    7.91%

Valuation (TTM)

  • P/E

    —

  • P/B

    —

  • EV/Sales

    —

  • EV/EBITDA

    —

  • P/FCF

    —

  • EV/Gross Profit

    —

Valuation (NTM)

  • Price Target

    HK$71.68

  • P/E

    —

  • PEG

    —

  • EV/Sales

    —

  • EV/EBITDA

    —

  • P/FCF

    —

Financial Health

  • Cash

    CN¥24.69B

  • Net Debt

    -CN¥24.57B

  • Debt/Equity

    0

  • EBIT/Interest

    228.54

Growth (CAGR)

  • Rev 3Yr

    3.17%

  • Rev 5Yr

    4.04%

  • Rev 10Yr

    1.28%

  • Dil EPS 3Yr

    17.76%

  • Dil EPS 5Yr

    22.87%

  • Dil EPS 10Yr

    7.76%

  • Rev Fwd 2Yr

    4.11%

  • EBITDA Fwd 2Yr

    5.89%

  • EPS Fwd 2Yr

    20.13%

  • EPS LT Growth Est

    11.99%

Dividends

  • Yield

    —

  • Payout

    61.66%

  • DPS

    CN¥2

  • DPS Growth 3Yr

    38.67%

  • DPS Growth 5Yr

    33.03%

  • DPS Growth 10Yr

    16.09%

  • DPS Growth Fwd 2Yr

    8.12%

Select a metric from the list below to chart it

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Dec '19

Dec '20

Dec '21

Dec '22

Dec '23

LTM

Dec '24 (E)

Dec '25 (E)

Dec '26 (E)

Metric
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Operating Revenues

27,618.5

27,338

29,672.7

31,697.3

33,405.8

32,849.6

Other Revenues, Total

365.3

421.7

494.1

474.2

530.7

530.7

Total Revenues

27,983.8

27,759.7

30,166.8

32,171.6

33,936.5

33,380.4

Total Revenues % Chg.

5.3%

-0.8%

8.7%

6.6%

5.5%

-0.9%

Cost of Goods Sold, Total

17,119.7

18,018.1

19,182.7

20,402.1

20,915.9

20,357.2

Gross Profit

10,864.1

9,741.6

10,984.1

11,769.5

13,020.7

13,023.2

Selling General & Admin Expenses, Total

6,963.9

5,203.7

5,728.2

5,618.7

6,159

6,004

Provision for Bad Debts

-5.1

-1.5

-0.6

-0.3

-0.7

-1.8

R&D Expenses

—

—

—

21.1

21.5

30.9

63

100.6

107.8

Other Operating Expenses

2,313.4

2,219

2,318.8

2,390.7

2,386.7

2,451

Other Operating Expenses, Total

9,293.3

7,442.7

8,077.3

8,072.2

8,645.6

8,561

Operating Income

1,570.8

2,298.9

2,906.9

3,697.3

4,375.1

4,462.2

Interest Expense, Total

-16

-19.1

-29.1

-9.2

-16.4

-19.5

Interest And Investment Income

539.3

549.3

501.7

629.6

678.4

711.4

Net Interest Expenses

523.3

530.1

472.6

620.3

662

691.8

Currency Exchange Gains (Loss)

7.7

-11.9

-8.7

12.2

-2.9

-2.9

Other Non Operating Income (Expenses)

-1.4

-3.5

-17.6

-0.9

-17.8

-18

EBT, Excl. Unusual Items

2,100.4

2,813.7

3,353.1

4,328.9

5,016.4

5,133.1

Impairment of Goodwill

—

—

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Investments

—

—

—

56.8

55.1

253.4

164.4

230.3

222.8

Gain (Loss) On Sale Of Assets

59.2

-5.2

481.5

-9.5

178.6

168.6

Asset Writedown

-121.3

-130.6

-189.1

-26.1

-79.5

-81.3

Other Unusual Items

631.9

506.5

580

548.5

400.7

496.7

EBT, Incl. Unusual Items

2,726.9

3,239.5

4,479

5,006.1

5,746.4

5,940

Income Tax Expense

797.8

912.6

1,222.7

1,201.4

1,398.2

1,441.6

Earnings From Continuing Operations

1,929.1

2,327

3,256.2

3,804.7

4,348.2

4,498.4

Minority Interest

-77

-125.6

-100.8

-94.1

-80.3

-84.5

Net Income

1,852.1

2,201.3

3,155.5

3,710.6

4,267.9

4,413.9

Preferred Dividend and Other Adjustments

—

—

—

—

—

—

—

10

9.8

8

8

Net Income to Common Incl Extra Items

1,852.1

2,201.3

3,145.4

3,700.8

4,259.9

4,405.9

Net Income to Common Excl. Extra Items

1,852.1

2,201.3

3,145.4

3,700.8

4,259.9

4,405.9

Total Shares Outstanding

1,351

1,364.2

1,364.4

1,364.2

1,364.2

1,364.2

Weighted Avg. Shares Outstanding

1,351

1,351

1,351

1,352.8

1,357.2

1,358.3

Weighted Avg. Shares Outstanding Dil

1,351

1,352.7

1,357.9

1,360.4

1,362.5

1,362.8

EPS

1.4

1.6

2.3

2.7

3.1

3.2

EPS Diluted

1.4

1.6

2.3

2.7

3.1

3.2

EBITDA

2,630.5

3,364.1

3,923

4,677.7

5,393.4

5,490

Effective Tax Rate

29.3%

28.2%

27.3%

24%

24.3%

24.3%