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Tsingtao Brewery Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tsingtao Brewery and similar public comparables like Jiangsu Yanghe Distillery, China Resources Beer, United Spirits, Campari Group and more.
Tsingtao Brewery Overview
About Tsingtao Brewery
With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company commands a dominant position in its core market, Shandong province, which contributed close to 60% of its revenue and net profit in 2024. Unlike other major brewers, Tsingtao Breweryโs brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio.
Founded
1993
HQ

Employees
29.9K
Website
Sectors
Financials (LTM)
EV
$8B
Tsingtao Brewery Financials
Tsingtao Brewery reported last 12-month revenue of $5B and EBITDA of $995M.
In the same LTM period, Tsingtao Brewery generated $2B in gross profit, $995M in EBITDA, and $674M in net income.
Revenue (LTM)
Tsingtao Brewery P&L
In the most recent fiscal year, Tsingtao Brewery reported revenue of $5B and EBITDA of $1B.
Tsingtao Brewery expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 42% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $995M | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 23% | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| Net Profit | $674M | XXX | $672M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 14% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tsingtao Brewery Stock Performance
Tsingtao Brewery has current market cap of $11B, and enterprise value of $8B.
Market Cap Evolution
Tsingtao Brewery's stock price is $7.91.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $11B | -0.0% | XXX | XXX | XXX | $0.49 |
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Start Free TrialTsingtao Brewery Valuation Multiples
Tsingtao Brewery trades at 1.7x EV/Revenue multiple, and 8.0x EV/EBITDA.
EV / Revenue (LTM)
Tsingtao Brewery Financial Valuation Multiples
As of April 11, 2026, Tsingtao Brewery has market cap of $11B and EV of $8B.
Equity research analysts estimate Tsingtao Brewery's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tsingtao Brewery has a P/E ratio of 16.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 1.7x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 8.0x | XXX | 7.2x | XXX | XXX | XXX |
| EV/EBIT | 9.4x | XXX | 9.5x | XXX | XXX | XXX |
| EV/Gross Profit | 4.0x | XXX | 4.0x | XXX | XXX | XXX |
| P/E | 16.0x | XXX | 16.1x | XXX | XXX | XXX |
| EV/FCF | 22.2x | XXX | 23.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tsingtao Brewery Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Tsingtao Brewery Margins & Growth Rates
Tsingtao Brewery's revenue in the last 12 month grew by 3%.
Tsingtao Brewery's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Tsingtao Brewery's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tsingtao Brewery's rule of X is 26% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tsingtao Brewery Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (6%) | XXX | XXX | XXX |
| Rule of 40 | โ | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | โ | XXX | 26% | XXX | XXX | XXX |
| Revenue per Employee | โ | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | โ | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 14% | XXX | 14% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 4% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | โ | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tsingtao Brewery Public Comps
See public comps and valuation multiples for other Alcohol comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Jiangsu Yanghe Distillery | XXX | XXX | XXX | XXX | XXX | XXX |
| China Resources Beer | XXX | XXX | XXX | XXX | XXX | XXX |
| United Spirits | XXX | XXX | XXX | XXX | XXX | XXX |
| Campari Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Molson Coors Canada | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tsingtao Brewery M&A Activity
Tsingtao Brewery acquired XXX companies to date.
Last acquisition by Tsingtao Brewery was on XXXXXXXX, XXXXX. Tsingtao Brewery acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tsingtao Brewery
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTsingtao Brewery Investment Activity
Tsingtao Brewery invested in XXX companies to date.
Tsingtao Brewery made its latest investment on XXXXXXXX, XXXXX. Tsingtao Brewery invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tsingtao Brewery
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tsingtao Brewery
| When was Tsingtao Brewery founded? | Tsingtao Brewery was founded in 1993. |
| Where is Tsingtao Brewery headquartered? | Tsingtao Brewery is headquartered in China. |
| How many employees does Tsingtao Brewery have? | As of today, Tsingtao Brewery has over 29K employees. |
| Is Tsingtao Brewery publicly listed? | Yes, Tsingtao Brewery is a public company listed on Shanghai Stock Exchange. |
| What is the stock symbol of Tsingtao Brewery? | Tsingtao Brewery trades under 600600 ticker. |
| When did Tsingtao Brewery go public? | Tsingtao Brewery went public in 1993. |
| Who are competitors of Tsingtao Brewery? | Tsingtao Brewery main competitors are Jiangsu Yanghe Distillery, China Resources Beer, United Spirits, Campari Group. |
| What is the current market cap of Tsingtao Brewery? | Tsingtao Brewery's current market cap is $11B. |
| What is the current revenue of Tsingtao Brewery? | Tsingtao Brewery's last 12 months revenue is $5B. |
| What is the current revenue growth of Tsingtao Brewery? | Tsingtao Brewery revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Tsingtao Brewery? | Current revenue multiple of Tsingtao Brewery is 1.7x. |
| Is Tsingtao Brewery profitable? | Yes, Tsingtao Brewery is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tsingtao Brewery? | Tsingtao Brewery's last 12 months EBITDA is $995M. |
| What is Tsingtao Brewery's EBITDA margin? | Tsingtao Brewery's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Tsingtao Brewery? | Current EBITDA multiple of Tsingtao Brewery is 8.0x. |
| What is the current FCF of Tsingtao Brewery? | Tsingtao Brewery's last 12 months FCF is $361M. |
| What is Tsingtao Brewery's FCF margin? | Tsingtao Brewery's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Tsingtao Brewery? | Current FCF multiple of Tsingtao Brewery is 22.2x. |
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