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	May '26 May 27, 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	71,077	72,078	92,347	84,165	120,911	109,177
Market Cap Growth	-20.98%	-21.95%	9.72%	-30.39%	10.75%	-5.29%
Enterprise Value	49,009	51,933	68,148	62,883	97,330	92,410
Last Close Price	59.90	61.20	78.43	70.38	99.47	90.56
PE Ratio	17.47	15.71	21.26	19.76	32.67	34.71
Forward PE	16.75	16.95	23.83	20.94	40.57	44.41
PS Ratio	2.20	2.22	2.87	2.48	3.76	3.62
PB Ratio	2.14	2.29	3.09	2.98	4.60	4.59
P/TBV Ratio	2.49	2.70	3.68	3.56	5.59	5.68
P/FCF Ratio	20.74	30.81	30.64	72.57	39.02	24.77
P/OCF Ratio	12.26	15.70	17.92	30.30	24.78	18.07
PEG Ratio	3.37	2.87	4.06	0.99	2.31	2.11
EV/Sales Ratio	1.52	1.60	2.12	1.85	3.03	3.06
EV/EBITDA Ratio	7.56	8.27	12.30	11.66	20.81	23.56
EV/EBIT Ratio	9.22	10.03	15.15	14.37	26.32	31.79
EV/FCF Ratio	14.30	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	6.58%	6.37%	4.71%	5.07%	3.07%	2.89%
FCF Yield	4.82%	3.25%	3.26%	1.38%	2.56%	4.04%
Dividend Yield	3.88%	3.84%	2.80%	2.84%	1.31%	1.21%
Payout Ratio	64.17%	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	3.85%	3.79%	2.73%	2.69%	1.13%	0.83%

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