Jiangsu Yanghe Distillery Co., Ltd. (SZSE:002304) Looks Inexpensive But Perhaps Not Attractive Enough
Dec 20
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Chinese (SSE) Beverage Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies37
- 7D-1.9%
- 3M23.5%
- 1Y-6.6%
- YTD-7.5%
Over the last 7 days, the Beverage industry has dropped 1.9%, driven by a pullback from Wuliangye YibinLtd of 3.3%. Overall the industry is down 6.6% in 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Chinese Beverage Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | CN¥3.7t | CN¥506.2b | CN¥175.7b | 23.9x | 20.9x | 7.2x |
| Tue, 19 Nov 2024 | CN¥3.8t | CN¥506.2b | CN¥175.7b | 23.9x | 21.5x | 7.5x |
| Thu, 17 Oct 2024 | CN¥3.6t | CN¥504.3b | CN¥174.6b | 23.8x | 20.8x | 7.2x |
| Sat, 14 Sep 2024 | CN¥3.0t | CN¥504.3b | CN¥174.6b | 19.7x | 17.1x | 5.9x |
| Mon, 12 Aug 2024 | CN¥3.4t | CN¥498.7b | CN¥172.6b | 22.8x | 19.8x | 6.8x |
| Wed, 10 Jul 2024 | CN¥3.4t | CN¥493.3b | CN¥170.1b | 21.6x | 19.9x | 6.9x |
| Fri, 07 Jun 2024 | CN¥3.9t | CN¥493.3b | CN¥170.1b | 26.4x | 23.1x | 8x |
| Sun, 05 May 2024 | CN¥4.1t | CN¥493.3b | CN¥169.2b | 27.6x | 24.4x | 8.4x |
| Tue, 02 Apr 2024 | CN¥4.2t | CN¥459.0b | CN¥154.8b | 30.4x | 26.9x | 9.1x |
| Thu, 29 Feb 2024 | CN¥3.9t | CN¥457.8b | CN¥154.6b | 28.8x | 25.4x | 8.6x |
| Sat, 27 Jan 2024 | CN¥3.8t | CN¥457.8b | CN¥154.7b | 29.9x | 24.4x | 8.2x |
| Mon, 25 Dec 2023 | CN¥3.9t | CN¥458.2b | CN¥154.7b | 29.7x | 25.4x | 8.6x |
| Wed, 22 Nov 2023 | CN¥4.3t | CN¥454.0b | CN¥154.6b | 31.6x | 28.1x | 9.6x |
| Fri, 20 Oct 2023 | CN¥4.0t | CN¥439.7b | CN¥148.8b | 29.7x | 27.1x | 9.2x |
| Sun, 17 Sep 2023 | CN¥4.5t | CN¥439.5b | CN¥148.8b | 32.5x | 30x | 10.2x |
| Tue, 15 Aug 2023 | CN¥4.5t | CN¥431.5b | CN¥146.3b | 34.5x | 30.7x | 10.4x |
| Thu, 13 Jul 2023 | CN¥4.3t | CN¥424.9b | CN¥143.3b | 34.6x | 29.9x | 10.1x |
| Sat, 10 Jun 2023 | CN¥4.2t | CN¥425.0b | CN¥143.3b | 34.2x | 29.3x | 9.9x |
| Mon, 08 May 2023 | CN¥4.5t | CN¥424.1b | CN¥143.1b | 38x | 31.7x | 10.7x |
| Wed, 05 Apr 2023 | CN¥4.9t | CN¥401.2b | CN¥133.1b | 43.2x | 36.7x | 12.2x |
| Fri, 03 Mar 2023 | CN¥5.0t | CN¥396.0b | CN¥130.3b | 45.5x | 38.2x | 12.6x |
| Sun, 29 Jan 2023 | CN¥5.0t | CN¥396.2b | CN¥130.3b | 40.5x | 38.1x | 12.5x |
| Tue, 27 Dec 2022 | CN¥4.6t | CN¥396.0b | CN¥130.3b | 40.4x | 35.6x | 11.7x |
| Thu, 24 Nov 2022 | CN¥4.0t | CN¥395.9b | CN¥130.3b | 32.8x | 30.8x | 10.1x |
| Sat, 22 Oct 2022 | CN¥4.1t | CN¥387.3b | CN¥127.1b | 34.6x | 32.3x | 10.6x |
| Mon, 19 Sep 2022 | CN¥4.5t | CN¥383.4b | CN¥125.1b | 38.5x | 36.1x | 11.8x |
| Wed, 17 Aug 2022 | CN¥4.7t | CN¥379.8b | CN¥124.2b | 41.3x | 38.1x | 12.5x |
| Fri, 15 Jul 2022 | CN¥4.9t | CN¥376.3b | CN¥122.3b | 43.3x | 40.1x | 13x |
| Sun, 12 Jun 2022 | CN¥4.7t | CN¥376.3b | CN¥122.3b | 44x | 38.8x | 12.6x |
| Tue, 10 May 2022 | CN¥4.3t | CN¥376.4b | CN¥122.3b | 38.2x | 34.8x | 11.3x |
| Thu, 07 Apr 2022 | CN¥4.3t | CN¥353.4b | CN¥113.3b | 42.6x | 37.9x | 12.2x |
| Sat, 05 Mar 2022 | CN¥4.6t | CN¥347.4b | CN¥110.6b | 49.6x | 41.5x | 13.2x |
| Mon, 31 Jan 2022 | CN¥4.8t | CN¥346.3b | CN¥110.4b | 48.3x | 43.4x | 13.8x |
| Wed, 29 Dec 2021 | CN¥5.6t | CN¥346.3b | CN¥110.4b | 61.7x | 50.7x | 16.1x |
Price to Earnings Ratio
50.7x
Current Industry PE
- Investors are pessimistic on the Chinese Beverage industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 20.9x which is lower than its 3-year average PE of 31.1x.
- The 3-year average PS ratio of 10.3x is higher than the industry's current PS ratio of 7.2x.
Past Earnings Growth
- The earnings for companies in the Beverage industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 13% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Consumer Staples industry?
| CN Market | -1.18% | |
| Consumer Staples | -2.52% | |
| Beverage | -1.92% | |
| Distillers and Wine Makers | -1.86% | |
| Brewers | -2.01% | |
| Soft Drinks | -3.44% | |
Industry PE
- Investors are most optimistic about the Soft Drinks industry, which is trading close to its 3-year average PE ratio of 45.0x.
- Analysts are expecting annual earnings growth of 24.0%, which is lower than the prior year's growth of 60.1% per year.
- Investors are most pessimistic about the Distillers and Wine Makers industry, which is trading below its 3-year average of 30.7x.
Forecasted Growth
- Analysts are most optimistic on the Soft Drinks industry, expecting annual earnings growth of 24% over the next 5 years.
- However this is lower than its past earnings growth rate of 60% per year.
- In contrast, the Distillers and Wine Makers industry is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600519 Kweichow Moutai | CN¥1.52k | 0.2% +CN¥3.8b | -8.9% | PE23.1x | |
| 002304 Jiangsu Yanghe Distillery | CN¥85.00 | 1.3% +CN¥1.6b | -20.4% | PE15.3x | |
| 000729 Beijing Yanjing BreweryLtd | CN¥11.31 | 1.2% +CN¥366.4m | 25.7% | PE32.6x | |
| 000752 Tibet Development | CN¥9.18 | 8.5% +CN¥189.9m | 38.7% | PE46.9x | |
| 000995 Gansu Huangtai Wine-Marketing IndustryLtd | CN¥17.10 | 2.0% +CN¥60.3m | 1.0% | PE738x |
