Valuation Kweichow Moutai Co., Ltd.

Equities

600519

CNE0000018R8

Distillers & Wineries

End-of-day quote Shanghai S.E. Other stock markets 15/01/2026			5-day change	1st Jan Change
1,388.89 ^CNY	-0.65%		-1.66%	+0.85%

01-04	Tranche Update on Kweichow Moutai Co., Ltd.'s Equity Buyback Plan announced on November 5, 2025.	CI
12-24	Kweichow Moutai adjusts price cap for share buyback	RE

Company Valuation: Kweichow Moutai Co., Ltd.

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	2,509,883	2,575,205	2,169,454	2,168,197	1,914,445	1,739,266	1,739,266	-
Change	-	2.6%	-15.76%	-0.06%	-11.7%	-9.15%	0%	-
Enterprise Value (EV) ¹	2,473,792	2,523,500	2,111,289	2,099,184	1,855,262	1,551,131	1,512,642	1,476,831
Change	-	2.01%	-16.33%	-0.57%	-11.62%	-16.39%	-2.48%	-2.37%
P/E ratio	53.8x	49.1x	34.6x	29x	22.2x	19.1x	17.9x	16.5x
PBR	15.6x	13.6x	11x	10.1x	8.21x	6.78x	6.06x	5.47x
PEG	-	4x	1.8x	1.5x	1.4x	3.09x	2.69x	1.98x
Capitalization / Revenue	26.4x	24.3x	17x	14.4x	11x	9.43x	8.85x	8.21x
EV / Revenue	26.1x	23.8x	16.6x	13.9x	10.7x	8.41x	7.69x	6.97x
EV / EBITDA	36.4x	33.1x	23.6x	19.9x	15.2x	12.3x	11.2x	10.1x
EV / EBIT	37.1x	33.8x	24x	20.2x	15.5x	12.4x	11.3x	10.2x
EV / FCF	49.9x	41.6x	67.3x	32.8x	21.1x	16.6x	15.4x	13.9x
FCF Yield	2%	2.4%	1.49%	3.05%	4.73%	6.02%	6.49%	7.22%
Dividend per Share ²	19.29	21.68	25.91	30.88	51.51	55.19	58.28	62.46
Rate of return	0.97%	1.06%	1.5%	1.79%	3.38%	3.97%	4.2%	4.5%
EPS ²	37.17	41.76	49.93	59.49	68.64	72.88	77.73	84.2
Distribution rate	51.9%	51.9%	51.9%	51.9%	75%	75.7%	75%	74.2%
Net sales ¹	94,915	106,190	127,554	150,560	174,144	184,496	196,579	211,892
EBITDA ¹	67,952	76,230	89,556	105,629	121,679	126,370	134,847	146,201
EBIT ¹	66,635	74,751	87,880	103,709	119,689	124,807	133,850	144,701
Net income ¹	46,697	52,460	62,716	74,734	86,228	91,530	97,567	105,594
Net Debt ¹	-36,091	-51,706	-58,165	-69,013	-59,184	-188,135	-226,623	-262,435
Reference price ²	1,998.00	2,050.00	1,727.00	1,726.00	1,524.00	1,388.89	1,388.89	1,388.89
Nbr of stocks (in thousands)	1,256,198	1,256,198	1,256,198	1,256,198	1,256,198	1,252,270	1,252,270	-
Announcement Date	30/03/21	30/03/22	30/03/23	02/04/24	02/04/25	-	-	-

¹CNY in Million²CNY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
KWEICHOW MOUTAI CO., LTD.	19.18x	8.47x	12.36x	3.95%	250B
WULIANGYE YIBIN CO.,LTD.	15.59x	3.72x	8.17x	4.8%	59.12B
SHANXI XINGHUACUN FEN WINE FACTORY CO.,LTD.	17.68x	5.56x	12.44x	3.37%	30.52B
LUZHOU LAOJIAO CO.,LTD	14.15x	5.06x	8.79x	4.88%	24.38B
JIANGSU YANGHE DISTILLERY CO., LTD.	22.49x	3.76x	13.13x	7.34%	13.61B
UNITED SPIRITS LIMITED	53.45x	7.07x	36.81x	0.83%	10.5B
ANHUI GUJING DISTILLERY CO., LTD.	15.48x	2.41x	8.12x	4.09%	9.25B
DAVIDE CAMPARI-MILANO N.V.	18.75x	2.91x	11.77x	1.25%	7.85B
JIANGSU KING'S LUCK BREWERY JOINT-STOCK CO.,LTD.	16.43x	3.93x	10.83x	2.88%	6.26B
ANHUI YINGJIA DISTILLERY CO., LTD.	14.94x	4.6x	9.66x	3.12%	4.49B
Average	20.81x	4.75x	13.21x	3.65%	41.56B
Weighted average by Cap.	19.06x	6.84x	12.05x	4.04%