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Tsingtao Brewery Co Ltd
SSE:600600

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Tsingtao Brewery Co Ltd
SSE:600600
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Price: 63.41 CNY 0.32%
Market Cap: ¥85.9B

P/E

18.9
Current
17%
Cheaper
vs 3-y average of 22.8

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
18.9
=
Market Cap
¥84.5B
/
Net Income
¥4.6B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
18.9
=
Market Cap
¥84.5B
/
Net Income
¥4.6B

Valuation Scenarios

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

If P/E returns to its 3-Year Average (22.8), the stock would be worth ¥76.56 (21% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+57%
Average Upside
35%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 18.9 ¥63.41
0%
3-Year Average 22.8 ¥76.56
+21%
5-Year Average 27.2 ¥91.63
+44%
Industry Average 21.8 ¥73.48
+16%
Country Average 29.6 ¥99.64
+57%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
¥84.5B
/
Jan 2026
¥4.6B
=
18.9
Current
¥84.5B
/
Dec 2026
¥4.9B
=
17.2
Forward
¥84.5B
/
Dec 2027
¥5.2B
=
16.3
Forward
¥84.5B
/
Dec 2028
¥5.2B
=
16.3
Forward
¥84.5B
/
Dec 2029
¥4.8B
=
17.5
Forward
¥84.5B
/
Dec 2030
¥5B
=
16.8
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

In line with most companies in China
Percentile
33rd
Based on 5 557 companies
33rd percentile
18.9
Low
0 — 17.1
Typical Range
17.1 — 57.7
High
57.7 —
Distribution Statistics
China
Min 0
30th Percentile 17.1
Median 29.6
70th Percentile 57.7
Max 43 569.3

Tsingtao Brewery Co Ltd
Glance View

Tsingtao Brewery Co Ltd, founded in 1903 by German settlers in Qingdao, is a stalwart in China's beer industry and a prime example of blending heritage with modernity. As one of China's oldest breweries, Tsingtao has leveraged its historical roots and cultural significance to establish itself as a global brand. Combining traditional brewing techniques with state-of-the-art technology, Tsingtao has been able to produce a distinctive beer characterized by its crisp flavor and subtle hops aroma, appealing to both domestic and international palates. The company’s prominence is bolstered by its extensive distribution network, which spans over 100 countries, making it a pillar in the global beer market. Central to Tsingtao’s success is its diversified revenue model, derived primarily from the production and sale of beer and related products. By maintaining a broad range of offerings—from its flagship Tsingtao Beer and premium products to various local labels—Tsingtao can effectively cater to different segments of the market. The company's strategic focus on innovation in brewing, supported by its robust supply chain management, enables it to adapt to changing consumer preferences while ensuring efficiency in operations. Additionally, Tsingtao invests in substantial marketing efforts and brand collaborations, enhancing its visibility and consumer engagement across various platforms, which in turn sustains its strong market position and drives profitability.

Intrinsic Value
76.18 CNY
Undervaluation 17%
Intrinsic Value
Price ¥63.41
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