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With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed close to 60% of its revenue and net profit in 2023. Unlike other major brewers, Tsingtao Brewery’s 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.
1993
30.7K+
LTM Revenue $4.5B
LTM EBITDA $877M
$9.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Tsingtao Brewery has a last 12-month revenue of $4.5B and a last 12-month EBITDA of $877M.
In the most recent fiscal year, Tsingtao Brewery achieved revenue of $4.4B and an EBITDA of $978M.
Tsingtao Brewery expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Tsingtao Brewery valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.4B | XXX | XXX | XXX |
| Gross Profit | $1.6B | $1.8B | XXX | XXX | XXX |
| Gross Margin | 35% | 41% | XXX | XXX | XXX |
| EBITDA | $951M | $978M | XXX | XXX | XXX |
| EBITDA Margin | 20% | 22% | XXX | XXX | XXX |
| Net Profit | $511M | $588M | XXX | XXX | XXX |
| Net Margin | 11% | 13% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Tsingtao Brewery's stock price is CNY 67 (or $9).
Tsingtao Brewery has current market cap of CNY 91.5B (or $12.6B), and EV of CNY 71.6B (or $9.9B).
See Tsingtao Brewery trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9.9B | $12.6B | XXX | XXX | XXX | XXX | $0.45 |
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Sign UpAs of April 15, 2025, Tsingtao Brewery has market cap of $12.6B and EV of $9.9B.
Tsingtao Brewery's trades at 2.2x LTM EV/Revenue multiple, and 11.2x LTM EBITDA.
Analysts estimate Tsingtao Brewery's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Tsingtao Brewery and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $9.9B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 10.1x | XXX | XXX | XXX |
| P/E | 21.0x | XXX | XXX | XXX |
| P/E/Growth | 2.4x | XXX | XXX | XXX |
| EV/FCF | 23.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpTsingtao Brewery's NTM/LTM revenue growth is 3%
Tsingtao Brewery's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $36K for the same period.
Over next 12 months, Tsingtao Brewery's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Tsingtao Brewery's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Tsingtao Brewery and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -5% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 25% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $36K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 25% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Heineken | XXX | XXX | XXX | XXX | XXX | XXX |
| Endeavour Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Treasury Wine Estates | XXX | XXX | XXX | XXX | XXX | XXX |
| United Spirits | XXX | XXX | XXX | XXX | XXX | XXX |
| United Breweries | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Tsingtao Brewery acquired XXX companies to date.
Last acquisition by Tsingtao Brewery was XXXXXXXX, XXXXX XXXXX XXXXXX . Tsingtao Brewery acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| 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 30.7K+ employees. |
| Is Tsingtao Brewery publicy listed? | Yes, Tsingtao Brewery is a public company listed on SHG. |
| 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? | Similar companies to Tsingtao Brewery include e.g. Heineken, Endeavour Group, Treasury Wine Estates, United Spirits. |
| What is the current market cap of Tsingtao Brewery? | Tsingtao Brewery's current market cap is $12.6B |
| What is the current revenue of Tsingtao Brewery? | Tsingtao Brewery's last 12-month revenue is $4.5B. |
| What is the current EBITDA of Tsingtao Brewery? | Tsingtao Brewery's last 12-month EBITDA is $877M. |
| What is the current EV/Revenue multiple of Tsingtao Brewery? | Current revenue multiple of Tsingtao Brewery is 2.2x. |
| What is the current EV/EBITDA multiple of Tsingtao Brewery? | Current EBITDA multiple of Tsingtao Brewery is 11.2x. |
| What is the current revenue growth of Tsingtao Brewery? | Tsingtao Brewery revenue growth between 2023 and 2024 was -5%. |
| Is Tsingtao Brewery profitable? | Yes, Tsingtao Brewery is EBITDA-positive (as of the last 12 months). |
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