Tsingtao Brewery Co Ltd Class A 600600
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if 600600 is a good fit for your portfolio.
News
Trading Information
- Previous Close Price
- CNY 79.31
- Day Range
- CNY 80.52–82.88
- 52-Week Range
- CNY 67.60–117.63
- Bid/Ask
- CNY 81.96 / CNY 81.97
- Market Cap
- CNY 111.81 Bil
- Volume/Avg
- 11.3 Mil / 5.7 Mil
Key Statistics
- Price/Earnings (Normalized)
- 29.06
- Price/Sales
- 3.35
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
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.
- Sector
- Consumer Defensive
- Industry
- Beverages - Brewers
- Stock Style Box
- Large Core
- Total Number of Employees
- 30,687
- Website
- https://www.tsingtao.com
Competitors
Valuation
|
Metric
|
600600
|
HEIA
|
00291
|
|---|---|---|---|
Price/Earnings (Normalized) | 29.06 | 19.52 | 20.30 |
Price/Book Value | 3.85 | 2.56 | 3.50 |
Price/Sales | 3.35 | 1.70 | 2.71 |
Price/Cash Flow | 29.27 | 11.17 | 14.17 |
Price/Earnings
600600
HEIA
00291
Financial Strength
|
Metric
|
600600
|
HEIA
|
00291
|
|---|---|---|---|
Quick Ratio | 1.52 | 0.48 | 0.30 |
Current Ratio | 1.83 | 0.77 | 0.70 |
Interest Coverage | 281.31 | 4.61 | 37.91 |
Quick Ratio
600600
HEIA
00291
Profitability
|
Metric
|
600600
|
HEIA
|
00291
|
|---|---|---|---|
Return on Assets (Normalized) | 7.71% | 4.80% | 8.74% |
Return on Equity (Normalized) | 14.05% | 13.38% | 19.62% |
Return on Invested Capital (Normalized) | 12.40% | 7.87% | 15.82% |
Return on Assets
600600
HEIA
00291
Beverages - Brewers Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
FMX
| Fomento Economico Mexicano SAB de CV ADR | Bxspzwsw | Sylxtj | — | |
BUDFF
| Anheuser-Busch InBev SA/NV | VN | Wfm | $118.1 Bil | |
BUD
| Anheuser-Busch InBev SA/NV ADR | Qbrcfcpdh | Jbhrl | $118.1 Bil | |
HINKF
| Heineken NV | — | Wwqpyh | $54.9 Bil | |
HEINY
| Heineken NV ADR | Vjlhbwmb | Lghts | $54.9 Bil | |
ABEV
| Ambev SA ADR | Xdnyftpk | Tdhc | $36.8 Bil | |
HKHHF
| Heineken Holding NV | — | Llxw | $23.2 Bil | |
CABGY
| Carlsberg A/S ADR | Hdhcdnyxg | Kkz | $18.9 Bil | |
TAP
| Molson Coors Beverage Co Shs -B- Non-Voting | Zttvbzfd | Pjm | $12.1 Bil | |
SAM
| Boston Beer Co Inc Class A | Nyzrbrxbp | Bsnkpz | $3.3 Bil |