Tsingtao Brewery Company Limited

DB:TSI Stock Report

Market Cap: €11.9b

Tsingtao Brewery Past Earnings Performance

Past criteria checks 3/6

Tsingtao Brewery has been growing earnings at an average annual rate of 19.2%, while the Beverage industry saw earnings growing at 2.3% annually. Revenues have been growing at an average rate of 4.8% per year. Tsingtao Brewery's return on equity is 14.6%, and it has net margins of 13.6%.

Key information

19.2%

Earnings growth rate

19.1%

EPS growth rate

Beverage Industry Growth-0.09%
Revenue growth rate4.8%
Return on equity14.6%
Net Margin13.6%
Next Earnings Update31 Mar 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Tsingtao Brewery makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:TSI Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2431,9184,3426,010122
30 Jun 2432,4134,4835,945108
31 Mar 2433,3804,4066,002108
31 Dec 2333,9374,2606,158101
30 Sep 2334,0404,3425,82568
30 Jun 2334,4914,2735,82868
31 Mar 2333,6704,0265,75968
31 Dec 2232,1723,7015,61863
30 Sep 2232,5053,8025,90048
30 Jun 2231,1483,5775,68640
31 Mar 2230,4473,2505,67133
31 Dec 2130,1673,1455,72831
30 Sep 2130,1092,8344,30423
30 Jun 2130,3722,7524,70723
31 Mar 2130,3942,6865,34022
31 Dec 2027,7602,2015,20221
30 Sep 2027,5092,2446,76220
30 Jun 2027,1122,0776,74720
31 Mar 2026,3251,5826,87021
31 Dec 1927,9841,8526,95921
30 Sep 1927,8311,9086,56619
30 Jun 1927,9721,7506,54821
31 Mar 1927,3871,5636,44120
31 Dec 1826,5751,4226,24120
30 Sep 1826,5331,4936,27320
30 Jun 1826,3681,4176,64819
31 Mar 1826,3761,3516,91522
31 Dec 1726,2771,2636,98619
30 Sep 1726,4551,0736,81712
30 Jun 1726,4231,1237,3046
31 Mar 1726,2851,0897,2150
31 Dec 1626,1061,0437,3150
30 Sep 1626,3561,8087,4530
30 Jun 1626,3141,5837,0310
31 Mar 1627,3181,7267,1070
31 Dec 1527,6351,7137,1500
30 Sep 1527,6281,5566,9280
30 Jun 1528,1581,7846,7620
31 Mar 1528,8201,9256,8830
31 Dec 1429,0491,9907,0660
30 Sep 1429,8351,9887,2590
30 Jun 1430,2781,9837,5380
31 Mar 1429,3872,0717,5640
31 Dec 1328,2911,9737,1870

Quality Earnings: TSI has a high level of non-cash earnings.

Growing Profit Margin: TSI's current net profit margins (13.6%) are higher than last year (12.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TSI's earnings have grown by 19.2% per year over the past 5 years.

Accelerating Growth: TSI's earnings growth over the past year (0.01%) is below its 5-year average (19.2% per year).

Earnings vs Industry: TSI earnings growth over the past year (0.01%) exceeded the Beverage industry -13%.

Return on Equity

High ROE: TSI's Return on Equity (14.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 15:42
End of Day Share Price 2024/12/27 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 85 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)
Jenny ChanBOCI Research Ltd.