Tsingtao Brewery Company Ratios and Metrics

Market cap in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '26 Mar 5, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	82,979	98,273	92,722	136,690	134,013	136,900
Market Cap Growth	-1.34%	5.99%	-32.17%	2.00%	-2.11%	85.01%
Enterprise Value	60,130	72,521	69,277	110,031	113,432	112,850
Last Close Price	49.98	54.38	47.98	68.67	63.99	70.42
PE Ratio	16.40	21.26	19.76	32.67	34.71	52.37
PS Ratio	2.33	2.87	2.48	3.76	3.62	4.15
PB Ratio	2.36	3.09	2.98	4.60	4.59	5.40
P/TBV Ratio	2.77	3.68	3.56	5.59	5.68	6.86
P/FCF Ratio	29.11	30.64	72.57	39.02	24.77	31.51
P/OCF Ratio	16.02	17.92	30.30	24.78	18.07	23.27
EV/Sales Ratio	1.63	2.12	1.85	3.03	3.06	3.42
EV/EBITDA Ratio	8.59	12.30	11.66	20.81	23.56	28.25
EV/EBIT Ratio	10.50	15.15	14.37	26.32	31.79	41.33
EV/FCF Ratio	21.10	22.61	54.22	31.41	20.96	25.98
Debt / Equity Ratio	0.00	0.00	0.00	0.01	0.02	0.04
Debt / EBITDA Ratio	0.02	0.02	0.02	0.08	0.10	0.25
Debt / FCF Ratio	0.04	0.04	0.10	0.12	0.09	0.24
Net Debt / Equity Ratio	-0.65	-0.67	-0.87	-0.96	-0.98	-0.91
Net Debt / EBITDA Ratio	-3.44	-3.62	-4.58	-5.41	-5.94	-5.80
Net Debt / FCF Ratio	-8.06	-6.66	-21.28	-8.16	-5.28	-5.33
Asset Turnover	0.64	0.64	0.68	0.66	0.69	0.70
Inventory Turnover	9.81	5.42	5.43	5.34	5.66	5.58
Quick Ratio	1.41	1.16	1.48	1.34	1.34	1.32
Current Ratio	1.59	1.44	1.75	1.63	1.59	1.59
Return on Equity (ROE)	15.15%	15.46%	15.95%	15.20%	14.42%	11.27%
Return on Assets (ROA)	6.20%	5.58%	5.49%	4.77%	4.13%	3.65%
Return on Invested Capital (ROIC)	38.22%	51.39%	145.46%	377.88%	178.55%	62.70%
Return on Capital Employed (ROCE)	13.90%	13.30%	13.50%	12.10%	10.30%	8.80%
Earnings Yield	6.10%	4.71%	5.07%	3.07%	2.89%	1.91%
FCF Yield	3.43%	3.26%	1.38%	2.56%	4.04%	3.17%
Dividend Yield	4.49%	4.30%	4.59%	2.14%	2.11%	1.26%
Payout Ratio	64.63%	63.12%	58.06%	40.73%	33.07%	33.83%
Buyback Yield / Dilution	-0.06%	-0.07%	-0.15%	-0.18%	-0.38%	-0.13%
Total Shareholder Return	4.43%	4.23%	4.44%	1.96%	1.73%	1.14%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.