With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.

Financial Strength

9/10

Name	Current	Vs Industry
Cash-To-Debt	176.71
Equity-to-Asset	0.57
Debt-to-EBITDA	0.02
Interest Coverage	300.63
Piotroski F-Score	6/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	4.38	Distress Grey Safe
Beneish M-Score	-2.94	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

5/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	4.5
	3-Year EBITDA Growth Rate	16.2
	3-Year EPS without NRI Growth Rate	33.3
	3-Year FCF Growth Rate	2.5
	3-Year Book Growth Rate	9.6
	Future 3-5Y EPS without NRI Growth Rate	6.69
	Future 3-5Y Total Revenue Growth Rate	7.23

Momentum Rank

5/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	6.25
	9-Day RSI	16.22
	14-Day RSI	23.08
	6-1 Month Momentum %	-13.88
	12-1 Month Momentum %	-20.96

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	1.82
	Quick Ratio	1.69
	Cash Ratio	1.34
	Days Inventory	46.91
	Days Sales Outstanding	1.57
	Days Payable	77.58

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	3-Year Dividend Growth Rate	31.8
	3-Year Average Share Buyback Ratio	-0.3
	Shareholder Yield %	0.23

Profitability Rank

6/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	38.43
	Operating Margin %	14.97
	Net Margin %	12.78
	FCF Margin %	7.05
	ROE %	16.33
	ROA %	8.64
	ROIC %	15.06
	ROC (Joel Greenblatt) %	50.74
	ROCE %	18.51
	Years of Profitability over Past 10-Year	10

GF Value Rank

4/10

	Name	Current	Vs Industry		Vs History
	PE Ratio	22.68
	Forward PE Ratio	20.5
	PE Ratio without NRI	23.34
	Shiller PE Ratio	40.14
	Price-to-Owner-Earnings	32.5
	PEG Ratio	1.67
	PS Ratio	2.9
	PB Ratio	3.51
	Price-to-Tangible-Book	4.05
	Price-to-Free-Cash-Flow	41.21
	Price-to-Operating-Cash-Flow	24.85
	EV-to-EBIT	10.34
	EV-to-Forward-EBIT	10.27
	EV-to-EBITDA	10.34
	EV-to-Forward-EBITDA	8.57
	EV-to-Revenue	1.79
	EV-to-Forward-Revenue	1.65
	EV-to-FCF	25.34
	Price-to-Projected-FCF	1.83
	Price-to-Median-PS-Value	1.33
	Price-to-Peter-Lynch-Fair-Value	1.08
	Price-to-Graham-Number	2.05
	Price-to-Net-Current-Asset-Value	11.54
	Price-to-Net-Cash	168.02
	Earnings Yield (Greenblatt) %	9.67
	FCF Yield %	2.97
	Forward Rate of Return (Yacktman) %	23.3

Financials (Next Earnings Date:2024-01-28 Est.)

Annual Quarterly TTM

SHSE:600600's 30-Y Financials

Balance Sheet Breakdown

Annual Quarterly

No Enough Data

Cashflow Statement Breakdown

Annual Quarterly

No Enough Data

Historical Operating Revenue by Business Segment

Value % YoY

Historical Operating Revenue by Geographic Region

Value % YoY

See Details

5-Step DuPont Analysis as of

Annual Quarterly

No Enough Data

Guru Trades

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Insider Trades

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Peter Lynch Chart

Y-axis scale:

Log Linear

Interactive Chart

Performance

Dividend

Log

Bar

Annualized Return %

Symbol	1 Week	1 Month	3 Months	6 Months	YTD	1 Year	3 Years	5 Years	10 Years

Total Annual Return %

Symbol	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014

Tsingtao Brewery Co Ltd Executives

Details

GF Value: ¥107.66

SHSE:600600

Valuation Chart

Year:

Warning Signs

Warning! GuruFocus detected 2 Severe warning signs with 600600. Try a 7-Day Free Trial to check it out.

Analyst Estimate

Annual Quarterly

Key Statistics

	Name	Value
	Revenue (TTM) (Mil ¥)	34,039.77
	EPS (TTM) (¥)	3.186
	Beta	1.57
	Volatility %	30.43
	14-Day RSI	23.08
	14-Day ATR (¥)	1.461899
	20-Day SMA (¥)	77.9645
	12-1 Month Momentum %	-20.96
	52-Week Range (¥)	72.2 - 125.65
	Shares Outstanding (Mil)	1,364.23

Piotroski F-Score Details

Year:

	Component	Result
	Piotroski F-Score	6
	Positive ROA
	Positive CFROA
	Higher ROA yoy
	CFROA > ROA
	Lower Leverage yoy
	Higher Current Ratio yoy
	Less Shares Outstanding yoy
	Higher Gross Margin yoy
	Higher Asset Turnover yoy

Tsingtao Brewery Co Ltd Filings

10-K10-QForm 4Others

	Filing Date	Document Date	Form
No Filing Data

Tsingtao Brewery Co Ltd Stock Events

	Event	Date	Price(¥)
No Event Data

Tsingtao Brewery Co Ltd Frequently Asked Questions

What is Tsingtao Brewery Co Ltd(SHSE:600600)'s stock price today?

The current price of SHSE:600600 is ¥72.25. The 52 week high of SHSE:600600 is ¥125.65 and 52 week low is ¥72.20.

When is next earnings date of Tsingtao Brewery Co Ltd(SHSE:600600)?

The next earnings date of Tsingtao Brewery Co Ltd(SHSE:600600) is 2024-01-28 Est..

Does Tsingtao Brewery Co Ltd(SHSE:600600) pay dividends? If so, how much?

Tsingtao Brewery Co Ltd(SHSE:600600) does not pay dividend.

Press Release

	Subject	Date
No Press Release

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