Tsingtao Brewery Company Limited (TSI) - Net Assets

Latest as of June 2025: €30.77 Billion EUR ≈ $35.97 Billion USD

Based on the latest financial reports, Tsingtao Brewery Company Limited (TSI) has net assets worth €30.77 Billion EUR (≈ $35.97 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€52.37 Billion ≈ $61.22 Billion USD) and total liabilities (€21.60 Billion ≈ $25.25 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TSI financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets €30.77 Billion
% of Total Assets 58.76%
Annual Growth Rate 7.22%
5-Year Change 39.74%
10-Year Change 84.71%
Growth Volatility 2.28

Tsingtao Brewery Company Limited - Net Assets Trend (2013–2024)

This chart illustrates how Tsingtao Brewery Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is Tsingtao Brewery Company Limited's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Tsingtao Brewery Company Limited (2013–2024)

The table below shows the annual net assets of Tsingtao Brewery Company Limited from 2013 to 2024. For live valuation and market cap data, see market value of Tsingtao Brewery Company Limited.

Year Net Assets Change
2024-12-31 €29.86 Billion
≈ $34.91 Billion		 +5.68%
2023-12-31 €28.25 Billion
≈ $33.03 Billion		 +7.55%
2022-12-31 €26.27 Billion
≈ $30.72 Billion		 +10.42%
2021-12-31 €23.79 Billion
≈ $27.82 Billion		 +11.35%
2020-12-31 €21.37 Billion
≈ $24.98 Billion		 +7.31%
2019-12-31 €19.91 Billion
≈ $23.28 Billion		 +6.55%
2018-12-31 €18.69 Billion
≈ $21.85 Billion		 +5.15%
2017-12-31 €17.77 Billion
≈ $20.78 Billion		 +5.30%
2016-12-31 €16.88 Billion
≈ $19.73 Billion		 +4.41%
2015-12-31 €16.17 Billion
≈ $18.90 Billion		 +5.75%
2014-12-31 €15.29 Billion
≈ $17.87 Billion		 +10.19%
2013-12-31 €13.87 Billion
≈ $16.22 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to Tsingtao Brewery Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 156.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings €21.95 Billion 75.53%
Other Components €7.11 Billion 24.47%
Total Equity €29.06 Billion 100.00%

Tsingtao Brewery Company Limited Competitors by Market Cap

The table below lists competitors of Tsingtao Brewery Company Limited ranked by their market capitalization.

Company Market Cap
AURA MINERALS INC. O.N.
F:A531
 $4.39 Billion
Northland Power Inc.
TO:NPI
 $4.39 Billion
Beijing Roborock Technology Co Ltd
SHG:688169
 $4.39 Billion
Charoen Pokphand Foods Public Company Limited
F:NVAV
 $4.39 Billion
Offshore Oil Engineering Co Ltd
SHG:600583
 $4.38 Billion
Banco Macro S.A
F:B4W
 $4.38 Billion
WHITE MTNS INS. GRP DL 1
F:WNI
 $4.38 Billion
Jiangsu Pacific Quartz Co Ltd
SHG:603688
 $4.37 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tsingtao Brewery Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 27,449,478,216 to 29,060,384,527, a change of 1,610,906,311 (5.9%).
  • Net income of 4,344,983,858 contributed positively to equity growth.
  • Dividend payments of 2,742,525,468 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income €4.34 Billion +14.95%
Dividends Paid €2.74 Billion -9.44%
Other Changes €8.45 Million +0.03%
Total Change €- 5.87%

Book Value vs Market Value Analysis

This analysis compares Tsingtao Brewery Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.27x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 0.45x to 0.27x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-12-31 €12.69 €5.72 x
2018-12-31 €13.30 €5.72 x
2019-12-31 €14.19 €5.72 x
2020-12-31 €15.12 €5.72 x
2021-12-31 €16.86 €5.72 x
2022-12-31 €18.69 €5.72 x
2023-12-31 €20.12 €5.72 x
2024-12-31 €21.30 €5.72 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tsingtao Brewery Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 14.95%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 13.52%
  • • Asset Turnover: 0.63x
  • • Equity Multiplier: 1.77x
  • Recent ROE (14.95%) is above the historical average (11.52%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2013 14.07% 6.98% 1.03x 1.95x €571.32 Million
2014 12.93% 6.85% 1.08x 1.75x €451.34 Million
2015 10.41% 6.20% 0.97x 1.73x €67.32 Million
2016 6.40% 4.00% 0.87x 1.84x €-587.91 Million
2017 7.37% 4.81% 0.85x 1.81x €-451.51 Million
2018 7.91% 5.35% 0.78x 1.90x €-374.85 Million
2019 9.66% 6.62% 0.75x 1.95x €-65.05 Million
2020 10.67% 7.93% 0.67x 2.01x €139.13 Million
2021 13.72% 10.46% 0.65x 2.02x €855.27 Million
2022 14.55% 11.53% 0.64x 1.97x €1.16 Billion
2023 15.55% 12.58% 0.69x 1.79x €1.52 Billion
2024 14.95% 13.52% 0.63x 1.77x €1.44 Billion

Industry Comparison

This section compares Tsingtao Brewery Company Limited's net assets metrics with peer companies in the Beverages - Brewers industry.

Industry Context

  • Industry: Beverages - Brewers
  • Average net assets among peers: $152,359,815,604
  • Average return on equity (ROE) among peers: 7.07%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tsingtao Brewery Company Limited (TSI) €30.77 Billion 14.07% 0.70x $4.38 Billion
MOLSON COORS CDA EXCH.B (65K) $13.66 Billion 7.36% 1.02x $308.52 Million
AKTIENBRAU.KAUFBEUR (ABK) $6.04 Million 11.76% 1.43x $5.45 Million
Ambev S.A. (AMNA) $99.58 Billion 14.50% 0.63x $43.57 Billion
BHB Brauholding Bayern-Mitte AG (B9B) $10.79 Million 2.45% 0.23x $6.56 Million
CARLSBERG B DK20 ADR 1/5 (CBGC) $30.61 Billion 29.78% 2.72x $12.20 Billion
Compañía Cervecerías Unidas S.A (CVU) $1.23 Trillion 10.56% 0.61x $1.90 Billion
C&C Group PLC (GCC) $446.10 Million -23.43% 1.99x $504.62 Million
Kulmbacher Brauerei Aktien-Gesellschaft (KUL) $80.86 Million 10.60% 2.02x $124.32 Million
Park & Bellheimer AG (PKB) $9.34 Million 0.06% 2.52x $11.60 Million

About Tsingtao Brewery Company Limited

F:TSI Germany Beverages - Brewers
Market Cap
$4.38 Billion
€3.75 Billion EUR
Market Cap Rank
#3916 Global
#698 in Germany
Share Price
€5.72
Change (1 day)
+0.00%
52-Week Range
€5.10 - €6.41
All Time High
€7.65
Categories
Companies in Germany Beverages - Brewers
About

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally. It operates in seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Regions; and Finance Co… Read more