Jiangsu Yanghe Brewery has become China's third-largest distillery by revenue since its IPO in 2009. Thanks to its strong brand equity and solid management execution, Yanghe has become the leader in the midrange to premium segment and enjoys sound profitability, with operating margin of 41% on average over the past five years.
Yanghe’s successful "new Jiangsu" sales strategy for penetration into provinces outside Jiangsu, along with its aggressive expansion plan, should further drive revenue growth.
Lacking other successful innovative products, Yanghe may risk revenue declines as consumers’ interest in the Blue Classic series fades.
|
Metric
|
002304
|
DGE
|
600519
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.75 | 19.62 | 28.15 |
Price/Book Value | 2.86 | 8.32 | 9.76 |
Price/Sales | 4.39 | 3.91 | 13.98 |
Price/Cash Flow | 16.64 | 16.52 | 26.50 |
|
Metric
|
002304
|
DGE
|
600519
|
|---|---|---|---|
Quick Ratio | 2.62 | 0.65 | 3.67 |
Current Ratio | 4.03 | 1.58 | 4.62 |
Interest Coverage | 2,019.16 | 5.60 | 8,058.29 |
|
Metric
|
002304
|
DGE
|
600519
|
|---|---|---|---|
Return on Assets (Normalized) | 16.49% | 9.16% | 28.99% |
Return on Equity (Normalized) | 21.22% | 42.99% | 35.59% |
Return on Invested Capital (Normalized) | 20.38% | 14.78% | 33.59% |
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Ticker
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Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
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Market Cap
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