Chongqing Brewery Co., Ltd.

SHSE:600132 Stock Report

Market Cap: CN¥29.3b

Chongqing Brewery Valuation

Is 600132 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600132 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600132 (CN¥60.82) is trading below our estimate of fair value (CN¥157.85)

Significantly Below Fair Value: 600132 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600132?

Key metric: As 600132 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600132. This is calculated by dividing 600132's market cap by their current earnings.
What is 600132's PE Ratio?
PE Ratio22.2x
EarningsCN¥1.32b
Market CapCN¥29.34b

Price to Earnings Ratio vs Peers

How does 600132's PE Ratio compare to its peers?

The above table shows the PE ratio for 600132 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.4x
000729 Beijing Yanjing BreweryLtd
29.2x20.6%CN¥28.4b
002461 Guangzhou Zhujiang Brewery
25x12.4%CN¥19.5b
001338 GDH Supertime Group
19.3xn/aCN¥5.2b
600573 FuJian YanJing HuiQuan BreweryLtd
40.2x17.3%CN¥2.6b
600132 Chongqing Brewery
22.2x7.0%CN¥29.3b

Price-To-Earnings vs Peers: 600132 is good value based on its Price-To-Earnings Ratio (22.2x) compared to the peer average (28.4x).

Price to Earnings Ratio vs Industry

How does 600132's PE Ratio compare vs other companies in the CN Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
600132 22.2xIndustry Avg. 23.6xNo. of Companies6PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600132 is good value based on its Price-To-Earnings Ratio (22.2x) compared to the CN Beverage industry average (23.6x).

Price to Earnings Ratio vs Fair Ratio

What is 600132's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600132 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.2x
Fair PE Ratio20.8x

Price-To-Earnings vs Fair Ratio: 600132 is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 600132 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥60.82
CN¥66.34
+9.1%
13.5%CN¥87.30CN¥51.98n/a16
Nov ’25CN¥58.69
CN¥67.06
+14.3%
14.3%CN¥87.30CN¥51.98n/a16
Oct ’25CN¥70.13
CN¥68.67
-2.1%
14.5%CN¥87.30CN¥51.98n/a16
Sep ’25CN¥55.62
CN¥68.85
+23.8%
14.2%CN¥87.30CN¥51.98n/a16
Aug ’25CN¥61.30
CN¥72.54
+18.3%
16.6%CN¥94.30CN¥51.98n/a16
Jul ’25CN¥60.19
CN¥73.68
+22.4%
16.7%CN¥94.30CN¥51.98n/a16
Jun ’25CN¥68.94
CN¥73.68
+6.9%
16.7%CN¥94.30CN¥51.98n/a16
May ’25CN¥70.37
CN¥74.72
+6.2%
21.0%CN¥115.90CN¥51.98n/a16
Apr ’25CN¥65.95
CN¥73.74
+11.8%
21.5%CN¥115.90CN¥50.73n/a16
Mar ’25CN¥65.60
CN¥75.31
+14.8%
23.3%CN¥115.90CN¥50.73n/a16
Feb ’25CN¥55.62
CN¥85.92
+54.5%
21.9%CN¥115.90CN¥51.84n/a16
Jan ’25CN¥66.45
CN¥95.59
+43.9%
16.5%CN¥133.00CN¥70.54n/a16
Dec ’24CN¥70.95
CN¥96.97
+36.7%
14.9%CN¥133.00CN¥70.54n/a16
Nov ’24CN¥77.48
CN¥99.37
+28.2%
14.0%CN¥133.00CN¥70.54CN¥58.6915
Oct ’24CN¥85.26
CN¥106.55
+25.0%
13.1%CN¥135.00CN¥70.54CN¥70.1316
Sep ’24CN¥91.90
CN¥109.40
+19.0%
16.2%CN¥155.00CN¥70.54CN¥55.6217
Aug ’24CN¥89.49
CN¥120.73
+34.9%
19.0%CN¥155.00CN¥64.50CN¥61.3016
Jul ’24CN¥92.16
CN¥122.92
+33.4%
18.0%CN¥155.00CN¥64.50CN¥60.1917
Jun ’24CN¥90.49
CN¥125.28
+38.4%
17.8%CN¥155.00CN¥64.50CN¥68.9417
May ’24CN¥104.16
CN¥129.66
+24.5%
18.8%CN¥166.00CN¥64.50CN¥70.3716
Apr ’24CN¥125.00
CN¥132.62
+6.1%
17.8%CN¥166.00CN¥68.40CN¥65.9516
Mar ’24CN¥136.61
CN¥132.62
-2.9%
17.8%CN¥166.00CN¥68.40CN¥65.6016
Feb ’24CN¥121.68
CN¥126.46
+3.9%
20.0%CN¥161.00CN¥68.40CN¥55.6215
Jan ’24CN¥127.38
CN¥115.52
-9.3%
18.4%CN¥155.00CN¥68.40CN¥66.4514
Dec ’23CN¥117.50
CN¥113.64
-3.3%
18.4%CN¥155.00CN¥68.40CN¥70.9513
Nov ’23CN¥94.68
CN¥113.05
+19.4%
17.8%CN¥155.00CN¥68.40CN¥77.4813

Analyst Forecast: Target price is less than 20% higher than the current share price.

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