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Tsingtao Brewery Co Ltd Class H TSGTF

Morningstar Rating
$6.68 −0.18 (2.60%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

TSGTF is trading at a 12% discount.
Price
$6.82
Fair Value
$7.96
Uncertainty
High
1-Star Price
$24.32
5-Star Price
$9.14
Economic Moat
Bsszkq
Capital Allocation
GYV
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News

Trading Information

Previous Close Price
$6.86
Day Range
$6.686.85
52-Week Range
$5.6510.89
Bid/Ask
$6.71 / $7.02
Market Cap
$9.11 Bil
Volume/Avg
1,945 / 6,667

Key Statistics

Price/Earnings (Normalized)
13.59
Price/Sales
1.65
Dividend Yield (Trailing)
2.67%
Dividend Yield (Forward)
0.34%
Total Yield
2.67%

Company Profile

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.
Sector
Consumer Defensive
Industry
Beverages - Brewers
Stock Style Box
Large Growth
Total Number of Employees
31,707

Competitors

Valuation

Metric
TSGTF
00291
01876
Price/Earnings (Normalized)
13.5915.7826.68
Price/Book Value
2.072.842.10
Price/Sales
1.652.203.24
Price/Cash Flow
14.1516.2512.73
Price/Earnings
TSGTF
00291
01876

Financial Strength

Metric
TSGTF
00291
01876
Quick Ratio
1.360.550.72
Current Ratio
1.820.890.85
Interest Coverage
321.5851.07
Quick Ratio
TSGTF
00291
01876

Profitability

Metric
TSGTF
00291
01876
Return on Assets (Normalized)
7.83%8.74%
Return on Equity (Normalized)
14.81%19.62%
Return on Invested Capital (Normalized)
13.11%15.82%
Return on Assets
TSGTF
00291
01876
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