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Chongqing Brewery Co Ltd
SSE:600132

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Chongqing Brewery Co Ltd
SSE:600132
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Price: 55.01 CNY -2.1%
Market Cap: ¥26.6B

EV/FCFF

11.6
Current
13%
Cheaper
vs 3-y average of 13.4

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
11.6
=
Enterprise Value
¥26.6B
/
Free Cash Flow to Firm
¥2.2B

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
11.6
=
Enterprise Value
¥26.6B
/
Free Cash Flow to Firm
¥2.2B

Valuation Scenarios

Chongqing Brewery Co Ltd is trading below its 3-year average

If EV/FCFF returns to its 3-Year Average (13.4), the stock would be worth ¥63.5 (15% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+178%
Average Upside
92%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 11.6 ¥55.01
0%
3-Year Average 13.4 ¥63.5
+15%
5-Year Average 14.5 ¥69.11
+26%
Industry Average 32.2 ¥153
+178%
Country Average 28.8 ¥136.95
+149%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
CN
Chongqing Brewery Co Ltd
SSE:600132
26.6B CNY 11.6 21.6
BE
Anheuser Busch Inbev SA
XETRA:1NBA
125.7B EUR 18.4 21.5
BE
Anheuser-Busch Inbev SA
MIL:ABI
114B EUR 23 28
BR
Ambev SA
BOVESPA:ABEV3
223.8B BRL 10.5 14.6
NL
Heineken NV
AEX:HEIA
37.1B EUR 18.9 19.6
NL
Heineken Holding NV
AEX:HEIO
16.8B EUR 11.1 17.6
DK
Carlsberg A/S
CSE:CARL B
110.5B DKK 24.3 19.2
JP
Asahi Group Holdings Ltd
TSE:2502
2.3T JPY 16.5 15
HK
Budweiser Brewing Company APAC Ltd
HKEX:1876
101.6B HKD 20.3 26.5
CN
Tsingtao Brewery Co Ltd
SSE:600600
86.5B CNY 28.8 18.9
JP
Kirin Holdings Co Ltd
TSE:2503
2T JPY 25.1 13.6

Market Distribution

Lower than 77% of companies in China
Percentile
23rd
Based on 4 731 companies
23rd percentile
11.6
Low
0 — 14.5
Typical Range
14.5 — 57
High
57 —
Distribution Statistics
China
Min 0
30th Percentile 14.5
Median 28.8
70th Percentile 57
Max 307 555.7

Chongqing Brewery Co Ltd
Glance View

Market Cap
26.6B CNY
Industry
Beverages

Chongqing Brewery Co Ltd, nestled in one of China's most bustling metropolises, is a powerhouse in the country's beer industry with a history that traces back to 1958. The company has woven itself into the fabric of the local economy and culture, amid the steam of hotpots and the rhythm of riverboats. Operating as a subsidiary of Carlsberg A/S, Chongqing Brewery benefits from the strategic alignment and global expertise of its parent company, leveraging this partnership to hone a competitive edge in the dynamic beer market. The company produces a diverse array of beers that cater to a wide palette—from mass-market lager to premium and specialty brews, its portfolio appeals to a vast range of consumers. Beyond its local presence, the synergy with Carlsberg provides Chongqing Brewery with access to an international distribution network, propelling its reach beyond China’s borders. Revenue streams for Chongqing Brewery are multifaceted, stemming from direct beer sales, both at home and through exports. The business capitalizes on China's robust consumer market, focusing on scale and efficiency through modernized production facilities. Furthermore, it strategically bolsters its brand presence via robust marketing campaigns and sponsorship endeavors, driving consumer loyalty and market penetration. By tapping into diverse market segments—from the everyday beer drinker to upscale clientele seeking premium brands—Chongqing Brewery ensures a steady influx of revenue. Additionally, its strategic investments in innovations, such as eco-friendly packaging solutions, not only align with growing consumer preferences for sustainability but also pave the way for enhanced brand equity, thus securing its position as a key player in one of the world's largest beer markets.

Intrinsic Value
72.02 CNY
Undervaluation 24%
Intrinsic Value
Price ¥55.01
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