Chongqing Brewery Co (SHSE:600132) FCF Margin %: 35.96% (As of Mar. 2026) — 122% Above Median


SHSE:600132 Chongqing Brewery Co Ltd SHSE:600132
87 GF Score
Price ¥41.95
GF Value ¥58.33
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Chongqing Brewery Co FCF Margin %?

Chongqing Brewery Co SHSE:600132 +1.57% 87 FCF Margin % is 35.96% as of Mar. 2026, which is 122% above its 10-year median of 16.20. GuruFocus rates SHSE:600132 with a GF Score™ of 87/100 and a GF Value™ of ¥58.33 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 209 Beverages - Alcoholic companies, Chongqing Brewery Co ranks better than 87.56% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Chongqing Brewery Co's Free Cash Flow for the three months ended in Mar. 2026 was ¥1,564 Mil. Chongqing Brewery Co's Revenue for the three months ended in Mar. 2026 was ¥4,350 Mil. Therefore, Chongqing Brewery Co's FCF Margin % for the quarter that ended in Mar. 2026 was 35.96%.

As of today, Chongqing Brewery Co's current FCF Yield % is 12.89%.

The historical rank and industry rank for Chongqing Brewery Co's FCF Margin % or its related term are showing as below:

SHSE:600132' s FCF Margin % Range Over the Past 10 Years
Min: 10.03   Med: 16.2   Max: 28.6
Current: 17.79


During the past 13 years, the highest FCF Margin % of Chongqing Brewery Co was 28.60%. The lowest was 10.03%. And the median was 16.20%.

SHSE:600132's FCF Margin % is ranked better than
87.56% of 209 companies
in the Beverages - Alcoholic industry
Industry Median: 4.86 vs SHSE:600132: 17.79


Chongqing Brewery Co FCF Margin % Related Terms


Chongqing Brewery Co FCF Margin % Historical Data

* Premium members only.

The historical data trend for Chongqing Brewery Co's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Chongqing Brewery Co FCF Margin % Chart

Chongqing Brewery Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.64 20.23 14.70 10.03 14.98

Chongqing Brewery Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.43 32.84 22.59 -82.50 35.96

SHSE:600132 vs BUD, STZ: FCF Margin % Comparison

For the Beverages - Brewers subindustry, Chongqing Brewery Co's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chongqing Brewery Co FCF Margin % vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Chongqing Brewery Co's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Chongqing Brewery Co's FCF Margin % falls into.


SHSE:600132
87GF Score
Chongqing Brewery Co Ltd SHSE:600132
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Chongqing Brewery Co FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Chongqing Brewery Co's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2204.666/14721.871
=14.98 %

Chongqing Brewery Co's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1564.09/4349.908
=35.96 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 35.96% mean?
Chongqing Brewery Co (SHSE:600132) has a FCF Margin % of 35.96% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Chongqing Brewery Co and its competitors. This is 122% above median its historical median of 16.20. Over the past decade, Chongqing Brewery Co's FCF Margin % has ranged from 10.03 to 28.60. According to the industry distribution chart, Chongqing Brewery Co ranks #26 out of 209 companies in the Beverages - Alcoholic industry, placing it in the top 12.4%.
Is Chongqing Brewery Co's FCF Margin % too high?
Chongqing Brewery Co's current FCF Margin % of 35.96% is 122% above median its 10-year median of 16.20. Over the past 10 years, this metric has ranged from a low of 10.03 to a high of 28.60. The Beverages - Alcoholic industry median FCF Margin % is 4.86. Chongqing Brewery Co's value of 35.96% is 639.9% above this industry median. Based on the distribution chart, Chongqing Brewery Co ranks #26 out of 209 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Chongqing Brewery Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Brewery Co's FCF Margin % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Chongqing Brewery Co ranks #26 out of 209 companies for FCF Margin %. This places Chongqing Brewery Co in the top 12% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 4.86. Chongqing Brewery Co's value of 35.96% is 639.9% above this benchmark. Historically, Chongqing Brewery Co's own FCF Margin % has ranged from 10.03 to 28.60 over the past decade. While the company's 10-year median is 16.20 vs. the industry median of 4.86, Chongqing Brewery Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Beverages - Alcoholic company?
The median FCF Margin % among Beverages - Alcoholic companies is 4.86, based on 209 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chongqing Brewery Co's current FCF Margin % of 35.96% is 639.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Chongqing Brewery Co and its competitors. For the Beverages - Alcoholic industry, the median FCF Margin % is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Brewery Co's current FCF Margin % is 35.96%, which is 122% above median its own 10-year median of 16.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Brewery Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Brewery Co (SHSE:600132) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥58.33, compared to a current price of ¥41.95 — trading 28.1% below its estimated fair value. The current FCF Margin % is 35.96%, which is 122% above median its 10-year median of 16.20 and 639.9% above the Beverages - Alcoholic industry median of 4.86. Chongqing Brewery Co's overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Chongqing Brewery Co (SHSE:600132), the current FCF Margin % is 35.96% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Chongqing Brewery Co (SHSE:600132) Overvalued in 2026?

Based on GuruFocus' analysis, Chongqing Brewery Co stock appears to be undervalued. The current stock price of ¥41.95 is trading 28.1% below its estimated GF Value™ of ¥58.33. GuruFocus considers Chongqing Brewery Co to be Modestly Undervalued.

Key valuation signals for SHSE:600132:

  • FCF Margin %: 35.96% (122% above median its 10-year median of 16.20)
  • GF Value™: ¥58.33 vs. price of ¥41.95 (28.1% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 639.9% above the Beverages - Alcoholic median (#26 of 209)

No single metric tells the full story. See the SHSE:600132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chongqing Brewery Co Business Description

Address No. 62, Jinsui Road, 13th Floor, Kingold Century Finance Center, Tianhe District, Guangdong Province, Guangzhou, CHN, 510623
Established in 1958 in Chongqing city, Chongqing Brewery is one of the major beer brewers in China with a strong presence in the west. The company distributes a beer portfolio consisting of international brands, such as Carlsberg, Tuborg, 1664, and domestic brands such as Chongqing. In 2013, the company became a subsidiary of Carlsberg Group after the latter acquired a 60% stake in the company. It became the sole operating platform of Carlsberg Group's China business in 2020, after the group injected all its China beer assets into Chongqing Brewery.
87GF Score

Get the complete analysis for SHSE:600132

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥41.95
Price
¥58.33
GF Value