Tsingtao Brewery Company Ratios and Metrics

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 26, 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	74,611	92,347	84,165	120,911	109,177	115,275
Market Cap Growth	-8.25%	9.72%	-30.39%	10.75%	-5.29%	74.27%
Enterprise Value	54,466	68,148	62,883	97,330	92,410	95,024
Last Close Price	62.52	78.43	70.38	99.47	90.56	90.14
PE Ratio	18.42	21.26	19.76	32.67	34.71	52.37
Forward PE	17.39	23.83	20.94	40.57	44.41	59.55
PS Ratio	2.29	2.87	2.48	3.76	3.62	4.15
PB Ratio	2.32	3.09	2.98	4.60	4.59	5.40
P/TBV Ratio	2.72	3.68	3.56	5.59	5.68	6.86
P/FCF Ratio	28.61	30.64	72.57	39.02	24.77	31.51
P/OCF Ratio	15.74	17.92	30.30	24.78	18.07	23.27
PEG Ratio	2.94	4.06	0.99	2.31	2.11	3.32
EV/Sales Ratio	1.67	2.12	1.85	3.03	3.06	3.42
EV/EBITDA Ratio	8.82	12.30	11.66	20.81	23.56	28.25
EV/EBIT Ratio	10.79	15.15	14.37	26.32	31.79	41.33
EV/FCF Ratio	20.88	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	6.20%	4.71%	5.07%	3.07%	2.89%	1.91%
FCF Yield	3.50%	3.26%	1.38%	2.56%	4.04%	3.17%
Dividend Yield	3.33%	2.80%	2.84%	1.31%	1.21%	0.83%
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	3.32%	2.73%	2.69%	1.13%	0.83%	0.70%

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