Tsingtao Brewery Co (0168) AI Stock Analysis

• Market Cap: HK$85.40B
• Dividend Yield: 4.55%
• Average Volume (3M): 4.05M
• Price to Earnings (P/E): 14.4
• Beta (1Y): 1.01
• Revenue Growth: -0.10%
• EPS Growth: 2.05%
• Country: HK
• Employees: 29,870
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Alcoholic
• EPS (TTM): 1.76
• Shares Outstanding: 655,069,150
• 10 Day Avg. Volume: 4,464,209
• 30 Day Avg. Volume: 4,050,155
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$71.08
• Price Target Upside: 37.10% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 74 Outperform
• Price Target: HK$58.00 ▲(11.86% Upside)

Tsingtao Brewery Co's strong financial performance, characterized by stable profitability and a robust balance sheet, is the most significant factor contributing to the stock score. The valuation is reasonable with an attractive dividend yield, enhancing its appeal. Technical analysis presents mixed signals, indicating potential stability but weak momentum. The absence of earnings call and corporate events data does not impact the overall score.

Positive Factors

Negative Factors

Tsingtao Brewery Co Business Overview & Revenue Model

Company Description

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company. The company sells its beer products primarily under the Tsingtaoand and Laoshan brand names. It also provides wealth management, and agency collection and payment services; and financing, construction, and logistics services, as well as technology promotion and application services. The company was founded in 1903 and is headquartered in Qingdao, the People's Republic of China.

How the Company Makes Money

Tsingtao Brewery Co. makes money through the production and sale of beer, which is the core of its revenue model. The company generates revenue from both its domestic market in China and its international export business. Tsingtao's primary revenue streams include the sale of its flagship Tsingtao Beer, as well as other beer brands it produces. The company benefits from a wide distribution network and strategic partnerships with retailers and distributors to reach a broad customer base. Additionally, Tsingtao's brand strength and quality assurance contribute to its premium pricing strategy, which enhances its profit margins. Key factors contributing to its earnings include brand recognition, product quality, and expanding its reach in both emerging and established markets.

Tsingtao Brewery Co Financial Statement Overview

Summary

Tsingtao Brewery Co exhibits strong financial health with consistent revenue growth and stable profitability. The balance sheet is robust with high equity and low debt, indicating low financial risk. Despite a slight revenue decline in 2024, the company maintains healthy margins and cash flow generation.

Income Statement

Tsingtao Brewery Co exhibits strong financial health with consistent revenue growth from 2019 to 2023, peaking in 2023 before a slight decline in 2024. Gross and net profit margins have been stable, reflecting solid profitability. The EBIT and EBITDA margins are robust, indicating efficient operations. However, the year-over-year revenue decline from 2023 to 2024 suggests potential challenges in maintaining growth momentum.

Balance Sheet

The company's balance sheet is strong, characterized by high stockholders' equity and minimal debt, leading to a very low debt-to-equity ratio. Return on equity is healthy, showcasing effective use of equity capital. The equity ratio is solid, highlighting financial stability and low leverage risk. These factors indicate a well-capitalized company with low financial risk.

Cash Flow

Tsingtao Brewery Co has demonstrated substantial free cash flow generation, with significant growth in free cash flow from 2023 to 2024. The company maintains a strong operating cash flow to net income ratio, indicating efficient cash conversion. However, fluctuations in investing and financing cash flows suggest some variability in cash management strategies, which could impact future liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	32.56B	32.14B	33.94B	32.17B	30.17B	27.76B
Gross Profit	13.53B	12.93B	13.12B	11.85B	11.08B	11.22B
EBITDA	6.25B	7.09B	6.90B	6.10B	5.61B	4.40B
Net Income	4.61B	4.34B	4.27B	3.71B	3.16B	2.20B
Balance Sheet
Total Assets	52.37B	51.42B	49.26B	50.31B	46.56B	41.51B
Cash, Cash Equivalents and Short-Term Investments	22.02B	20.00B	24.79B	20.54B	17.38B	20.36B
Total Debt	78.06M	68.24M	63.39M	373.08M	406.99M	861.20M
Total Liabilities	21.60B	21.56B	21.00B	24.04B	22.77B	20.15B
Stockholders Equity	29.96B	29.06B	27.45B	25.49B	23.00B	20.62B
Cash Flow
Free Cash Flow	1.68B	3.01B	1.16B	3.10B	4.41B	3.66B
Operating Cash Flow	4.80B	5.15B	2.78B	4.88B	6.04B	4.95B
Investing Cash Flow	-3.09B	-7.42B	-3.46B	-2.20B	-10.25B	-1.49B
Financing Cash Flow	-4.51B	-2.98B	-2.87B	-1.68B	-1.61B	-356.09M

Tsingtao Brewery Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 51.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0168, the sentiment is Positive. The current price of 51.85 is above the 20-day moving average (MA) of 51.26, above the 50-day MA of 51.15, and above the 200-day MA of 51.47, indicating a bullish trend. The MACD of 0.31 indicates Negative momentum. The RSI at 57.82 is Neutral, neither overbought nor oversold. The STOCH value of 78.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0168.

Tsingtao Brewery Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0168	74 Outperform	HK$85.40B	14.37	15.74%	4.55%	-0.10%	2.05%
0291	69 Neutral	90.58B	14.47	14.95%	3.33%	-0.31%	10.85%
1876	68 Neutral	109.16B	23.48	7.13%	5.31%	-9.54%	-27.75%
0236	64 Neutral	448.28M	-55.56	-3.06%	4.17%	2.77%	-110.76%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Tsingtao Brewery Co Corporate Events

Tsingtao Brewery Reports Stable Interim Financial Results for 2025

Tsingtao Brewery Company Limited announced its unaudited interim results for the first half of 2025, showing a stable financial position with total assets slightly increasing to RMB 52.37 billion. The company’s current liabilities saw a marginal increase, while its shareholders’ equity rose to RMB 30.77 billion, indicating strong financial health and potential for continued growth.

The most recent analyst rating on (HK:0168) stock is a Buy with a HK$57.00 price target. To see the full list of analyst forecasts on Tsingtao Brewery Co stock, see the HK:0168 Stock Forecast page.

Tsingtao Brewery Co Adjusts Shareholding Structure with Repurchase and Cancellation

Tsingtao Brewery Co announced the repurchase and cancellation of 1,667 Restricted A Shares due to the resignation of a participant in their Incentive Plan. This action, approved by the board, reflects a minor adjustment in the company’s shareholding structure, with the repurchase price adjusted to RMB13.33 per share, ensuring alignment with market conditions and previous dividend distributions.

The most recent analyst rating on (HK:0168) stock is a Buy with a HK$57.00 price target. To see the full list of analyst forecasts on Tsingtao Brewery Co stock, see the HK:0168 Stock Forecast page.

Tsingtao Brewery Schedules Board Meeting for Interim Results

Tsingtao Brewery Company Limited has announced that its board of directors will convene a meeting on August 26, 2025, to consider and approve the unaudited interim results for the first half of the year. This meeting is significant for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the coming months.

The most recent analyst rating on (HK:0168) stock is a Buy with a HK$63.27 price target. To see the full list of analyst forecasts on Tsingtao Brewery Co stock, see the HK:0168 Stock Forecast page.

Tsingtao Brewery Updates Nomination & Remuneration Committee Regulations

Tsingtao Brewery Company Limited has amended the working regulations of its Nomination & Remuneration Committee to enhance decision-making efficiency and effectiveness. The updated regulations outline the committee’s responsibilities, including reviewing appraisal standards, remuneration policies, and selection criteria for board members and senior management, thus reinforcing the company’s governance structure.

The most recent analyst rating on (HK:0168) stock is a Buy with a HK$62.50 price target. To see the full list of analyst forecasts on Tsingtao Brewery Co stock, see the HK:0168 Stock Forecast page.