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6005

Kweichow Moutai SHSE:600519 Stock Report

Last Price

CN¥2.00k

Market Cap

CN¥2.5t

7D

-1.4%

1Y

-0.1%

Updated

06 Jul, 2022

Data

Company Financials +
600519 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends4/6

600519 Stock Overview

Kweichow Moutai Co., Ltd. produces and sells wine and liquor products in China and internationally.

Kweichow Moutai Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kweichow Moutai
Historical stock prices
Current Share PriceCN¥2,002.00
52 Week HighCN¥2,216.96
52 Week LowCN¥1,525.50
Beta0.86
1 Month Change11.97%
3 Month Change13.43%
1 Year Change-0.10%
3 Year Change103.76%
5 Year Change337.62%
Change since IPO23,577.12%

Recent News & Updates

Shareholder Returns

600519CN BeverageCN Market
7D-1.4%-0.007%0.1%
1Y-0.1%-8.5%-7.1%

Return vs Industry: 600519 exceeded the CN Beverage industry which returned -8.5% over the past year.

Return vs Market: 600519 exceeded the CN Market which returned -7.1% over the past year.

Price Volatility

Is 600519's price volatile compared to industry and market?
600519 volatility
600519 Average Weekly Movement3.5%
Beverage Industry Average Movement7.0%
Market Average Movement7.2%
10% most volatile stocks in CN Market10.1%
10% least volatile stocks in CN Market5.0%

Stable Share Price: 600519 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 600519's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199929,971Jingren Lihttps://www.moutaichina.com

Kweichow Moutai Co., Ltd. produces and sells wine and liquor products in China and internationally. It offers aged, ordinary, and other Maotai liquor products. Kweichow Moutai Co., Ltd.

Kweichow Moutai Fundamentals Summary

How do Kweichow Moutai's earnings and revenue compare to its market cap?
600519 fundamental statistics
Market CapCN¥2.51t
Earnings (TTM)CN¥55.75b
Revenue (TTM)CN¥111.22b

45.1x

P/E Ratio

22.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600519 income statement (TTM)
RevenueCN¥111.22b
Cost of RevenueCN¥9.18b
Gross ProfitCN¥102.04b
Other ExpensesCN¥46.29b
EarningsCN¥55.75b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)44.38
Gross Margin91.75%
Net Profit Margin50.13%
Debt/Equity Ratio0%

How did 600519 perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

49%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 600519 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600519?

Other financial metrics that can be useful for relative valuation.

600519 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue22.2x
Enterprise Value/EBITDA32.4x
PEG Ratio3x

Price to Earnings Ratio vs Peers

How does 600519's PE Ratio compare to its peers?

600519 PE Ratio vs Peers
The above table shows the PE ratio for 600519 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average38.7x
000858 Wuliangye YibinLtd
30.4x15.8%CN¥755.9b
000568 Luzhou LaojiaoLtd
40x17.4%CN¥346.3b
600809 Shanxi Xinghuacun Fen Wine FactoryLtd
53.2x20.9%CN¥363.8b
002304 Jiangsu Yanghe Brewery
31.2x15.5%CN¥269.1b
600519 Kweichow Moutai
45.1x15.1%CN¥2.5t

Price-To-Earnings vs Peers: 600519 is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the peer average (38.7x).


Price to Earnings Ratio vs Industry

How does 600519's PE Ratio compare vs other companies in the CN Beverage Industry?

Price-To-Earnings vs Industry: 600519 is good value based on its Price-To-Earnings Ratio (45.1x) compared to the CN Beverage industry average (45.8x)


Price to Earnings Ratio vs Fair Ratio

What is 600519'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.

600519 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.1x
Fair PE Ratio48.3x

Price-To-Earnings vs Fair Ratio: 600519 is good value based on its Price-To-Earnings Ratio (45.1x) compared to the estimated Fair Price-To-Earnings Ratio (48.3x).


Share Price vs Fair Value

What is the Fair Price of 600519 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600519 (CN¥2002) is trading above our estimate of fair value (CN¥1725.77)

Significantly Below Fair Value: 600519 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: 600519 is poor value based on its PEG Ratio (3x)


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Future Growth

How is Kweichow Moutai forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600519's forecast earnings growth (15.1% per year) is above the savings rate (3.2%).

Earnings vs Market: 600519's earnings (15.1% per year) are forecast to grow slower than the CN market (23.9% per year).

High Growth Earnings: 600519's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600519's revenue (14.4% per year) is forecast to grow slower than the CN market (17.4% per year).

High Growth Revenue: 600519's revenue (14.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600519's Return on Equity is forecast to be high in 3 years time (28.1%)


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Past Performance

How has Kweichow Moutai performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600519 has high quality earnings.

Growing Profit Margin: 600519's current net profit margins (50.1%) are higher than last year (48.6%).


Past Earnings Growth Analysis

Earnings Trend: 600519's earnings have grown by 17.7% per year over the past 5 years.

Accelerating Growth: 600519's earnings growth over the past year (17.2%) is below its 5-year average (17.7% per year).

Earnings vs Industry: 600519 earnings growth over the past year (17.2%) underperformed the Beverage industry 18.3%.


Return on Equity

High ROE: 600519's Return on Equity (27.4%) is considered high.


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Financial Health

How is Kweichow Moutai's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600519's short term assets (CN¥215.8B) exceed its short term liabilities (CN¥36.1B).

Long Term Liabilities: 600519's short term assets (CN¥215.8B) exceed its long term liabilities (CN¥287.1M).


Debt to Equity History and Analysis

Debt Level: 600519 is debt free.

Reducing Debt: 600519 has not had any debt for past 5 years.

Debt Coverage: 600519 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 600519 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Kweichow Moutai current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.08%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 600519's dividend (1.08%) is higher than the bottom 25% of dividend payers in the CN market (0.48%).

High Dividend: 600519's dividend (1.08%) is low compared to the top 25% of dividend payers in the CN market (1.93%).


Stability and Growth of Payments

Stable Dividend: 600519's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600519's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (48.8%), 600519's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (49.1%), 600519's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.0yrs

Average management tenure


CEO

Jingren Li (57 yo)

3yrs

Tenure


Leadership Team

Experienced Management: 600519's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: 600519'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

Kweichow Moutai Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Kweichow Moutai Co., Ltd.
  • Ticker: 600519
  • Exchange: SHSE
  • Founded: 1999
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: CN¥2.515t
  • Shares outstanding: 1.26b
  • Website: https://www.moutaichina.com

Number of Employees


Location

  • Kweichow Moutai Co., Ltd.
  • Maotai Town
  • Renhuai
  • Guizhou Province
  • 564501
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/06 00:00
End of Day Share Price2022/07/06 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.