NOT FOR DISTRIBUTION
Header cover image

Market Cap

CN¥61.3b

Last Updated

2021/04/21 09:00 UTC

Data Sources

Company Financials +

Executive Summary

Chongqing Brewery Co., Ltd. produces and distributes beers in Chongqing, Sichuan, Hunan, and other places. More Details


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

How has Chongqing Brewery's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600132 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 600132's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.


Market Performance


7 Day Return

7.3%

600132

3.9%

CN Beverage

2.4%

CN Market


1 Year Return

158.6%

600132

92.9%

CN Beverage

26.2%

CN Market

Return vs Industry: 600132 exceeded the CN Beverage industry which returned 98.2% over the past year.

Return vs Market: 600132 exceeded the CN Market which returned 27.5% over the past year.


Shareholder returns

600132IndustryMarket
7 Day7.3%3.9%2.4%
30 Day28.0%8.4%1.9%
90 Day0.2%-1.8%-6.0%
1 Year164.5%158.6%95.4%92.9%28.2%26.2%
3 Year468.9%430.6%220.7%206.5%27.3%21.2%
5 Year1,000.3%879.4%592.4%540.1%27.0%18.7%

Long-Term Price Volatility Vs. Market

How volatile is Chongqing Brewery's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Chongqing Brewery undervalued compared to its fair value and its price relative to the market?

59.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600132 (CN¥131.63) is trading above our estimate of fair value (CN¥29.12)

Significantly Below Fair Value: 600132 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600132 is good value based on its PE Ratio (59x) compared to the CN Beverage industry average (63.5x).

PE vs Market: 600132 is poor value based on its PE Ratio (59x) compared to the CN market (33.9x).


Price to Earnings Growth Ratio

PEG Ratio: 600132 is poor value based on its PEG Ratio (5.9x)


Price to Book Ratio

PB vs Industry: 600132 is overvalued based on its PB Ratio (53x) compared to the CN Beverage industry average (5.2x).


Future Growth

How is Chongqing Brewery forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600132's forecast earnings growth (10% per year) is above the savings rate (3.3%).

Earnings vs Market: 600132's earnings (10% per year) are forecast to grow slower than the CN market (23% per year).

High Growth Earnings: 600132's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600132's revenue (14.7% per year) is forecast to grow slower than the CN market (17.7% per year).

High Growth Revenue: 600132's revenue (14.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600132's Return on Equity is forecast to be very high in 3 years time (93.1%).


Past Performance

How has Chongqing Brewery performed over the past 5 years?

45.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600132 has high quality earnings.

Growing Profit Margin: 600132's current net profit margins (9.8%) are lower than last year (18.3%).


Past Earnings Growth Analysis

Earnings Trend: 600132 has become profitable over the past 5 years, growing earnings by 45.3% per year.

Accelerating Growth: 600132's earnings growth over the past year (64.1%) exceeds its 5-year average (45.3% per year).

Earnings vs Industry: 600132 earnings growth over the past year (64.1%) exceeded the Beverage industry 4.4%.


Return on Equity

High ROE: 600132's Return on Equity (77.4%) is considered outstanding.


Financial Health

How is Chongqing Brewery's financial position?


Financial Position Analysis

Short Term Liabilities: 600132's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥2.1B).

Long Term Liabilities: 600132's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥486.5M).


Debt to Equity History and Analysis

Debt Level: 600132's debt to equity ratio (17.4%) is considered satisfactory.

Reducing Debt: 600132's debt to equity ratio has reduced from 51.5% to 17.4% over the past 5 years.

Debt Coverage: 600132's debt is well covered by operating cash flow (404%).

Interest Coverage: 600132 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Chongqing Brewery current dividend yield, its reliability and sustainability?

1.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600132's dividend (1.06%) is higher than the bottom 25% of dividend payers in the CN market (0.43%).

High Dividend: 600132's dividend (1.06%) is low compared to the top 25% of dividend payers in the CN market (1.81%).


Stability and Growth of Payments

Stable Dividend: 600132's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600132's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.8%), 600132's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 600132's dividends in 3 years are forecast to be well covered by earnings (34.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average board tenure


CEO

Song Chen (47 yo)

no data

Tenure

CN¥3,139,800

Compensation

Mr. Song Chen serves as General Manager and Director of Chongqing Brewery Co. Ltd. Mr. Chen serves as Deputy General Manager and Chief Financial Officer of Chongqing Brewery Co., Ltd. Mr. Chen served as Fi...


Board Members

Experienced Board: 600132's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Chongqing Brewery Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chongqing Brewery Co., Ltd.
  • Ticker: 600132
  • Exchange: SHSE
  • Founded: 1958
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CN¥61.280b
  • Shares outstanding: 483.97m
  • Website: https://www.chongqingbeer.com

Number of Employees


Location

  • Chongqing Brewery Co., Ltd.
  • No. 9 Hengshan East Road
  • Dazhulin Street
  • Chongqing
  • China

Listings


Biography

Chongqing Brewery Co., Ltd. produces and distributes beers in Chongqing, Sichuan, Hunan, and other places. It offers beers under the Chongqing, Mountain City, Carlsberg, and Lebao series names. The company...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/21 09:00
End of Day Share Price2021/04/21 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.