TSINGTAO BREWE. H ADR/5 (TSI0) - Net Assets
Based on the latest financial reports, TSINGTAO BREWE. H ADR/5 (TSI0) has net assets worth €33.29 Billion EUR (≈ $38.92 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€53.37 Billion ≈ $62.39 Billion USD) and total liabilities (€20.08 Billion ≈ $23.48 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. See net asset quality index of TSINGTAO BREWE. H ADR/5 to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €33.29 Billion |
| % of Total Assets | 62.37% |
| Annual Growth Rate | 7.28% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.97 |
TSINGTAO BREWE. H ADR/5 - Net Assets Trend (2021–2025)
This chart illustrates how TSINGTAO BREWE. H ADR/5's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see TSI0 stock market capitalisation.
Annual Net Assets for TSINGTAO BREWE. H ADR/5 (2021–2025)
The table below shows the annual net assets of TSINGTAO BREWE. H ADR/5 from 2021 to 2025. Also explore TSI0 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €31.51 Billion ≈ $36.84 Billion |
+5.53% |
| 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 |
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Equity Component Analysis
This analysis shows how different components contribute to TSINGTAO BREWE. H ADR/5'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 44.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €23.54 Billion | 76.80% |
| Other Components | €7.11 Billion | 23.20% |
| Total Equity | €30.65 Billion | 100.00% |
TSINGTAO BREWE. H ADR/5 Competitors by Market Cap
The table below lists competitors of TSINGTAO BREWE. H ADR/5 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sphere Entertainment Co.
NYSE:SPHR
|
$4.14 Billion |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
$4.14 Billion |
|
Cenergy Holdings SA
BR:CENER
|
$4.14 Billion |
|
Nanning Chemical Industry Co Ltd
SHG:600301
|
$4.14 Billion |
|
Global Health Limited
NSE:MEDANTA
|
$4.13 Billion |
|
Hafnia Ltd
OL:HAFNI
|
$4.13 Billion |
|
HLA GROUP CORP LTD
SHG:600398
|
$4.13 Billion |
|
Doosan Bobcat Inc
KO:241560
|
$4.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TSINGTAO BREWE. H ADR/5's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 29,060,384,527 to 30,648,948,303, a change of 1,588,563,776 (5.5%).
- Net income of 4,588,101,137 contributed positively to equity growth.
- Dividend payments of 2,988,757,945 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €4.59 Billion | +14.97% |
| Dividends Paid | €2.99 Billion | -9.75% |
| Other Changes | €-10.78 Million | -0.04% |
| Total Change | €- | 5.47% |
Book Value vs Market Value Analysis
This analysis compares TSINGTAO BREWE. H ADR/5'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: 1.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.60x to 1.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €16.86 | €27.00 | x |
| 2022-12-31 | €18.69 | €27.00 | x |
| 2023-12-31 | €20.12 | €27.00 | x |
| 2024-12-31 | €21.30 | €27.00 | x |
| 2025-12-31 | €22.47 | €27.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TSINGTAO BREWE. H ADR/5 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): 14.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.13%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.70x
- Recent ROE (14.97%) is above the historical average (14.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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 |
| 2025 | 14.97% | 14.13% | 0.62x | 1.70x | €1.52 Billion |
Industry Comparison
This section compares TSINGTAO BREWE. H ADR/5's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $157,055,248,994
- Average return on equity (ROE) among peers: 9.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TSINGTAO BREWE. H ADR/5 (TSI0) | €33.29 Billion | 13.72% | 0.60x | $4.14 Billion |
| BUDWEISER BREW.UNSP.ADR/4 (4BB1) | $10.24 Billion | 7.09% | 0.44x | $11.20 Billion |
| MOLSON COORS CDA EXCH.B (65K) | $13.44 Billion | 7.06% | 0.96x | $290.27 Million |
| AKTIENBRAU.KAUFBEUR (ABK) | $5.33 Million | -12.14% | 1.13x | $5.99 Million |
| Ambev S.A. (AMNA) | $57.55 Billion | 19.16% | 0.64x | $43.57 Billion |
| BHB Brauholding Bayern-Mitte AG (B9B) | $10.84 Million | 2.94% | 0.30x | $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) | $1.44 Trillion | 8.23% | 1.50x | $1.87 Billion |
| C&C Group PLC (GCC) | $739.20 Million | 7.02% | 0.92x | $430.95 Million |
| HEINEKEN SP. ADR 1/2 (HNK2) | $21.92 Billion | 12.24% | 1.39x | $42.73 Billion |
| Kulmbacher Brauerei Aktien-Gesellschaft (KUL) | $73.56 Million | 10.03% | 1.30x | $116.93 Million |
About TSINGTAO BREWE. H ADR/5
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