company background image
TSI logo

Tsingtao Brewery DB:TSI Stock Report

Last Price

€6.62

Market Cap

€11.6b

7D

1.1%

1Y

16.5%

Updated

21 Dec, 2024

Data

Company Financials +

Tsingtao Brewery Company Limited

DB:TSI Stock Report

Market Cap: €11.6b

TSI Stock Overview

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally. More details

TSI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends4/6

Rewards

Trading at 43.3% below our estimate of its fair value

Earnings are forecast to grow 7.24% per year

Earnings have grown 19.2% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

High level of non-cash earnings

Dividend of 3.99% is not well covered by free cash flows

Volatile share price over the past 3 months compared to the German market


My Notes

Capture your thoughts, links and company narrative

Tsingtao Brewery Company Limited Competitors

Kulmbacher Brauerei Aktien-Gesellschaft

MUN:KUL

€140.4m

Molson Coors Beverage

NYSE:TAP

US$12.1b

Budweiser Brewing Company APAC

SEHK:1876

HK$97.9b

China Resources Beer (Holdings)

SEHK:291

HK$82.6b

Price History & Performance

Summary of share price highs, lows and changes for Tsingtao Brewery
Historical stock prices
Current Share PriceHK$6.62
52 Week HighHK$7.71
52 Week LowHK$4.54
Beta0.68
1 Month Change12.88%
3 Month Change35.55%
1 Year Change16.46%
3 Year Change-17.93%
5 Year Change12.50%
Change since IPO81.23%

Recent News & Updates

Recent updates

Shareholder Returns

TSIDE BeverageDE Market
7D1.1%0.3%-2.6%
1Y16.5%-7.0%6.9%

Return vs Industry: TSI exceeded the German Beverage industry which returned -7% over the past year.

Return vs Market: TSI exceeded the German Market which returned 6.9% over the past year.

Price Volatility

Is TSI's price volatile compared to industry and market?
TSI volatility
TSI Average Weekly Movement9.1%
Beverage Industry Average Movement3.6%
Market Average Movement4.8%
10% most volatile stocks in DE Market11.3%
10% least volatile stocks in DE Market2.4%

Stable Share Price: TSI's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: TSI's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

FoundedEmployeesCEOWebsite
190330,687Zong Xiang Jiangwww.tsingtao.com.cn

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally. It operates in seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Regions; and Finance Company. The company sells its beer products primarily under the Tsingtao Beer, Laoshan Beer, and Hans Brewery brand names.

Tsingtao Brewery Company Limited Fundamentals Summary

How do Tsingtao Brewery's earnings and revenue compare to its market cap?
TSI fundamental statistics
Market cap€11.57b
Earnings (TTM)€570.36m
Revenue (TTM)€4.19b

15.7x

P/E Ratio

2.1x

P/S Ratio

Is TSI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TSI income statement (TTM)
RevenueCN¥31.92b
Cost of RevenueCN¥19.11b
Gross ProfitCN¥12.81b
Other ExpensesCN¥8.47b
EarningsCN¥4.34b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.18
Gross Margin40.13%
Net Profit Margin13.60%
Debt/Equity Ratio0%

How did TSI perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

63%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 10:47
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Tsingtao Brewery Company Limited is covered by 87 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vineet Kulbandu SharmaBarclays
Y. ChenBNP Paribas Securities (Asia)
Sichao ChenBOCI Research Ltd.