Valuation Kweichow Moutai Co., Ltd.

Equities

600519

CNE0000018R8

Distillers & Wineries

End-of-day quote Shanghai S.E. Other stock markets 15/01/2025			5-day change	1st Jan Change
1,471.27 ^CNY	-0.08%		+1.99%	-3.46%

01-03	Kweichow Moutai Says Will Meet Revenue Growth Target Despite China Market Woes	DJ
01-02	Tranche Update on Kweichow Moutai Co., Ltd.'s Equity Buyback Plan announced on September 20, 2024.	CI

Company Valuation: Kweichow Moutai Co., Ltd.

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,486,082	2,509,883	2,575,205	2,169,454	2,168,197	1,848,206	1,848,206	-
Change	-	68.89%	2.6%	-15.76%	-0.06%	-14.76%	0%	-
Enterprise Value (EV) ¹	1,472,830	2,473,792	2,523,500	2,111,289	2,099,184	1,655,348	1,632,401	1,601,988
Change	-	67.96%	2.01%	-16.33%	-0.57%	-21.14%	-1.39%	-1.86%
P/E ratio	36.1x	53.8x	49.1x	34.6x	29x	21.4x	19.2x	17.4x
PBR	10.9x	15.6x	13.6x	11x	10.1x	7.47x	6.6x	5.9x
PEG	-	4x	4x	1.8x	1.5x	1.4x	1.7x	1.7x
Capitalization / Revenue	16.7x	26.4x	24.3x	17x	14.4x	10.7x	9.58x	8.66x
EV / Revenue	16.6x	26.1x	23.8x	16.6x	13.9x	9.54x	8.46x	7.51x
EV / EBITDA	24.4x	36.4x	33.1x	23.6x	19.9x	13.9x	12.3x	10.9x
EV / EBIT	24.9x	37.1x	33.8x	24x	20.2x	14x	12.4x	11.1x
EV / FCF	35x	49.9x	41.6x	67.3x	32.8x	20.2x	17.8x	15.9x
FCF Yield	2.86%	2%	2.4%	1.49%	3.05%	4.95%	5.62%	6.29%
Dividend per Share ²	17.02	19.29	21.68	25.91	30.88	53.14	55.81	62.68
Rate of return	1.44%	0.97%	1.06%	1.5%	1.79%	3.61%	3.79%	4.26%
EPS ²	32.8	37.17	41.76	49.93	59.49	68.68	76.56	84.38
Distribution rate	51.9%	51.9%	51.9%	51.9%	51.9%	77.4%	72.9%	74.3%
Net sales ¹	88,854	94,915	106,190	127,554	150,560	173,523	192,959	213,316
EBITDA ¹	60,285	67,952	76,230	89,556	105,629	118,718	132,269	146,618
EBIT ¹	59,041	66,635	74,751	87,880	103,709	118,090	131,384	144,939
Net income ¹	41,206	46,697	52,460	62,716	74,734	86,213	95,893	105,768
Net Debt ¹	-13,252	-36,091	-51,706	-58,165	-69,013	-192,859	-215,805	-246,219
Reference price ²	1,183.00	1,998.00	2,050.00	1,727.00	1,726.00	1,471.27	1,471.27	1,471.27
Nbr of stocks (in thousands)	1,256,198	1,256,198	1,256,198	1,256,198	1,256,198	1,256,198	1,256,198	-
Announcement Date	21/04/20	30/03/21	30/03/22	30/03/23	02/04/24	-	-	-

¹CNY in Million²CNY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield	Capi. ($)
KWEICHOW MOUTAI CO., LTD.	21.43x	9.54x	13.95x	+3.61%	252B
WULIANGYE YIBIN CO.,LTD.	15.73x	4.34x	9.01x	+4.26%	70.3B
SHANXI XINGHUACUN FEN WINE FACTORY CO.,LTD.	17.79x	5.69x	12.58x	+2.83%	30B
LUZHOU LAOJIAO CO.,LTD	12.16x	4.77x	7.97x	+4.90%	23.94B
JIANGSU YANGHE DISTILLERY CO., LTD.	13.8x	3.04x	7.99x	+5.33%	16.43B
UNITED SPIRITS LIMITED	63.31x	8.05x	42.52x	+0.58%	11.59B
ANHUI GUJING DISTILLERY CO., LTD.	16.51x	2.84x	8.5x	+2.96%	11.52B
JIANGSU KING'S LUCK BREWERY JOINT-STOCK CO.,LTD.	15.25x	4.08x	9.95x	+2.52%	7.47B
DAVIDE CAMPARI-MILANO N.V.	19.4x	2.99x	12.68x	+1.20%	6.77B
ANHUI YINGJIA DISTILLERY CO., LTD.	15.94x	4.99x	10.16x	+2.75%	5.97B
Average	21.13x	5.03x	13.53x	+3.10%	43.61B
Weighted average by Cap.	20.23x	7.46x	12.98x	+3.63%