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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 29, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	75,768	72,078	92,347	84,165	120,911	109,177
Market Cap Growth	-17.52%	-21.95%	9.72%	-30.39%	10.75%	-5.29%
Enterprise Value	53,699	51,933	68,148	62,883	97,330	92,410
Last Close Price	63.41	61.20	78.43	70.38	99.47	90.56
PE Ratio	18.50	15.71	21.26	19.76	32.67	34.71
Forward PE	17.73	16.95	23.83	20.94	40.57	44.41
PS Ratio	2.34	2.22	2.87	2.48	3.76	3.62
PB Ratio	2.28	2.29	3.09	2.98	4.60	4.59
P/TBV Ratio	2.65	2.70	3.68	3.56	5.59	5.68
P/FCF Ratio	22.10	30.81	30.64	72.57	39.02	24.77
P/OCF Ratio	13.06	15.70	17.92	30.30	24.78	18.07
PEG Ratio	3.57	2.87	4.06	0.99	2.31	2.25
EV/Sales Ratio	1.66	1.60	2.12	1.85	3.03	3.06
EV/EBITDA Ratio	8.28	8.27	12.30	11.66	20.81	23.56
EV/EBIT Ratio	10.10	10.03	15.15	14.37	26.32	31.79
EV/FCF Ratio	15.67	22.20	22.61	54.22	31.41	20.96
Debt / Equity Ratio	0.00	0.00	0.00	0.00	0.01	0.02
Debt / EBITDA Ratio	0.02	0.02	0.02	0.02	0.08	0.10
Debt / FCF Ratio	0.03	0.05	0.04	0.10	0.12	0.09
Net Debt / Equity Ratio	-0.69	-0.61	-0.67	-0.87	-0.96	-0.98
Net Debt / EBITDA Ratio	-3.56	-3.04	-3.62	-4.58	-5.41	-5.94
Net Debt / FCF Ratio	-6.68	-8.18	-6.66	-21.28	-8.16	-5.28
Asset Turnover	0.62	0.63	0.64	0.68	0.66	0.69
Inventory Turnover	8.16	5.58	5.42	5.43	5.34	5.66
Quick Ratio	1.47	1.17	1.16	1.48	1.34	1.34
Current Ratio	1.71	1.46	1.44	1.75	1.63	1.59
Return on Equity (ROE)	14.84%	15.37%	15.46%	15.95%	15.20%	14.42%
Return on Assets (ROA)	6.35%	6.25%	5.58%	5.49%	4.77%	4.13%
Return on Invested Capital (ROIC)	34.94%	35.00%	51.39%	145.46%	377.88%	178.55%
Return on Capital Employed (ROCE)	14.10%	14.60%	13.30%	13.50%	12.10%	10.30%
Earnings Yield	6.17%	6.37%	4.71%	5.07%	3.07%	2.89%
FCF Yield	4.52%	3.25%	3.26%	1.38%	2.56%	4.04%
Dividend Yield	3.71%	3.84%	2.80%	2.84%	1.31%	1.21%
Payout Ratio	63.90%	65.14%	63.12%	58.06%	40.73%	33.07%
Buyback Yield / Dilution	-0.04%	-0.05%	-0.07%	-0.15%	-0.18%	-0.38%
Total Shareholder Return	3.66%	3.79%	2.73%	2.69%	1.13%	0.83%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.