Tsingtao Brewery Co Ltd
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
Tsingtao Brewery Co Ltd (TSGTY) - Net Assets
Latest net assets as of September 2025: $32.21 Billion USD
Based on the latest financial reports, Tsingtao Brewery Co Ltd (TSGTY) has net assets worth $32.21 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($51.40 Billion) and total liabilities ($19.20 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $32.21 Billion |
| % of Total Assets | 62.66% |
| Annual Growth Rate | 15.82% |
| 5-Year Change | 39.74% |
| 10-Year Change | 84.71% |
| Growth Volatility | 101.61 |
Tsingtao Brewery Co Ltd - Net Assets Trend (1990–2024)
This chart illustrates how Tsingtao Brewery Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tsingtao Brewery Co Ltd (1990–2024)
The table below shows the annual net assets of Tsingtao Brewery Co Ltd from 1990 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $29.86 Billion | +5.68% |
| 2023-12-31 | $28.25 Billion | +7.55% |
| 2022-12-31 | $26.27 Billion | +10.42% |
| 2021-12-31 | $23.79 Billion | +11.35% |
| 2020-12-31 | $21.37 Billion | +7.31% |
| 2019-12-31 | $19.91 Billion | +6.55% |
| 2018-12-31 | $18.69 Billion | +5.15% |
| 2017-12-31 | $17.77 Billion | +5.30% |
| 2016-12-31 | $16.88 Billion | +4.41% |
| 2015-12-31 | $16.17 Billion | +5.75% |
| 2014-12-31 | $15.29 Billion | +10.19% |
| 2013-12-31 | $13.87 Billion | +8.53% |
| 2012-12-31 | $12.78 Billion | +13.36% |
| 2011-12-31 | $11.28 Billion | +16.02% |
| 2010-12-31 | $9.72 Billion | +13.51% |
| 2009-12-31 | $8.56 Billion | +33.43% |
| 2008-12-31 | $6.42 Billion | +7.17% |
| 2007-12-31 | $5.99 Billion | +3.91% |
| 2006-12-31 | $5.76 Billion | +3.40% |
| 2005-12-31 | $5.57 Billion | +33.26% |
| 2004-12-31 | $4.18 Billion | +0.40% |
| 2003-12-31 | $4.17 Billion | +15.03% |
| 2002-12-31 | $3.62 Billion | -0.57% |
| 2001-12-31 | $3.64 Billion | +31.92% |
| 2000-12-31 | $2.76 Billion | +9.15% |
| 1999-12-31 | $2.53 Billion | +8.96% |
| 1998-12-31 | $2.32 Billion | +2.82% |
| 1997-12-31 | $2.26 Billion | +4.82% |
| 1996-12-31 | $2.15 Billion | +6.39% |
| 1995-12-31 | $2.02 Billion | +3.48% |
| 1994-12-31 | $1.96 Billion | +4.77% |
| 1993-12-31 | $1.87 Billion | +609.15% |
| 1992-12-31 | $263.33 Million | +26.54% |
| 1991-12-31 | $208.09 Million | +2.65% |
| 1990-12-31 | $202.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tsingtao Brewery Co Ltd'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 2195065557800.0% 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% |
| Common Stock | $1.36 Billion | 4.69% |
| Other Comprehensive Income | $-153.54 Million | -0.53% |
| Other Components | $5.90 Billion | 20.30% |
| Total Equity | $29.06 Billion | 100.00% |
Tsingtao Brewery Co Ltd Competitors by Market Cap
The table below lists competitors of Tsingtao Brewery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kirin Holdings Co Ltd
PINK:KNBWY
|
$10.81 Billion |
|
BASF SE
F:BASA
|
$10.81 Billion |
|
Service Corporation International
NYSE:SCI
|
$10.82 Billion |
|
Jazz Pharmaceuticals PLC
NASDAQ:JAZZ
|
$10.82 Billion |
|
ageas SA/NV
PINK:AGESF
|
$10.79 Billion |
|
Aramark
LSE:0HHB
|
$10.78 Billion |
|
Trade Desk Inc
NASDAQ:TTD
|
$10.77 Billion |
|
Alcoa Corp
NYSE:AA
|
$10.77 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tsingtao Brewery Co Ltd'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 4,344,984,000 contributed positively to equity growth.
- Dividend payments of 2,742,525,468 reduced retained earnings.
- Other comprehensive income decreased equity by 72,479,048.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.34 Billion | +14.95% |
| Dividends Paid | $2.74 Billion | -9.44% |
| Other Comprehensive Income | $-72.48 Million | -0.25% |
| Other Changes | $80.93 Million | +0.28% |
| Total Change | $- | 5.87% |
Book Value vs Market Value Analysis
This analysis compares Tsingtao Brewery Co Ltd'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: 0.59x
- 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 46.86x to 0.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | $0.77 | $36.31 | x |
| 1991-12-31 | $0.80 | $36.31 | x |
| 1992-12-31 | $1.01 | $36.31 | x |
| 1993-12-31 | $7.14 | $36.31 | x |
| 1994-12-31 | $7.48 | $36.31 | x |
| 1995-12-31 | $7.74 | $36.31 | x |
| 1996-12-31 | $8.02 | $36.31 | x |
| 1997-12-31 | $8.41 | $36.31 | x |
| 1998-12-31 | $8.59 | $36.31 | x |
| 1999-12-31 | $8.59 | $36.31 | x |
| 2000-12-31 | $8.54 | $36.31 | x |
| 2001-12-31 | $11.33 | $36.31 | x |
| 2002-12-31 | $11.38 | $36.31 | x |
| 2003-12-31 | $13.43 | $36.31 | x |
| 2004-12-31 | $13.71 | $36.31 | x |
| 2005-12-31 | $18.89 | $36.31 | x |
| 2006-12-31 | $19.96 | $36.31 | x |
| 2007-12-31 | $21.07 | $36.31 | x |
| 2008-12-31 | $23.24 | $36.31 | x |
| 2009-12-31 | $31.25 | $36.31 | x |
| 2010-12-31 | $35.53 | $36.31 | x |
| 2011-12-31 | $41.11 | $36.31 | x |
| 2012-12-31 | $46.15 | $36.31 | x |
| 2013-12-31 | $51.90 | $36.31 | x |
| 2014-12-31 | $56.95 | $36.31 | x |
| 2015-12-31 | $60.91 | $36.31 | x |
| 2016-12-31 | $60.35 | $36.31 | x |
| 2017-12-31 | $63.46 | $36.31 | x |
| 2018-12-31 | $66.53 | $36.31 | x |
| 2019-12-31 | $70.95 | $36.31 | x |
| 2020-12-31 | $76.22 | $36.31 | x |
| 2021-12-31 | $84.69 | $36.31 | x |
| 2022-12-31 | $53.75 | $36.31 | x |
| 2023-12-31 | $57.87 | $36.31 | x |
| 2024-12-31 | $61.27 | $36.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tsingtao Brewery Co Ltd 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 (10.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 12.15% | 7.31% | 0.40x | 4.14x | $4.37 Million |
| 1991 | 3.77% | 1.58% | 0.47x | 5.08x | $-12.97 Million |
| 1992 | 39.73% | 12.93% | 0.73x | 4.23x | $78.28 Million |
| 1993 | 12.08% | 21.51% | 0.40x | 1.40x | $38.89 Million |
| 1994 | 8.47% | 15.01% | 0.41x | 1.38x | $-29.89 Million |
| 1995 | 6.92% | 9.52% | 0.51x | 1.43x | $-62.29 Million |
| 1996 | 3.35% | 4.63% | 0.47x | 1.55x | $-139.53 Million |
| 1997 | 4.65% | 6.68% | 0.39x | 1.77x | $-117.81 Million |
| 1998 | 4.40% | 5.75% | 0.44x | 1.75x | $-125.76 Million |
| 1999 | 3.98% | 3.66% | 0.47x | 2.30x | $-135.23 Million |
| 2000 | 4.26% | 2.53% | 0.54x | 3.13x | $-128.34 Million |
| 2001 | 3.47% | 1.95% | 0.64x | 2.78x | $-193.60 Million |
| 2002 | 7.75% | 3.33% | 0.78x | 3.00x | $-67.08 Million |
| 2003 | 7.22% | 3.38% | 0.83x | 2.56x | $-97.52 Million |
| 2004 | 7.80% | 3.24% | 0.87x | 2.75x | $-78.94 Million |
| 2005 | 6.15% | 3.03% | 1.04x | 1.94x | $-190.18 Million |
| 2006 | 8.33% | 3.72% | 1.22x | 1.84x | $-87.48 Million |
| 2007 | 10.13% | 4.07% | 1.19x | 2.10x | $7.22 Million |
| 2008 | 11.50% | 4.37% | 1.28x | 2.06x | $91.33 Million |
| 2009 | 15.25% | 6.95% | 1.21x | 1.81x | $431.23 Million |
| 2010 | 15.83% | 7.64% | 1.12x | 1.85x | $560.17 Million |
| 2011 | 15.64% | 7.50% | 1.07x | 1.95x | $626.88 Million |
| 2012 | 14.11% | 6.82% | 1.09x | 1.90x | $512.07 Million |
| 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 Co Ltd's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $76,567,228,689
- Average return on equity (ROE) among peers: 7.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tsingtao Brewery Co Ltd (TSGTY) | $32.21 Billion | 12.15% | 0.60x | $10.79 Billion |
| Asahi Group Holdings Ltd (ASBRF) | $577.70 Billion | 8.25% | 1.48x | $15.32 Billion |
| Budweiser Brewing Company APAC Limited (BDWBY) | $80.89 Billion | 5.53% | 0.63x | $7.10 Billion |
| Big Rock Brewery Inc (BRBMF) | $25.06 Million | 9.15% | 0.43x | $5.77 Million |
| Anheuser-Busch InBev SA/NV (BUDFF) | $24.43 Billion | 7.89% | 3.63x | $56.52 Billion |
| Carlsberg A/S (CABJF) | $47.23 Billion | -6.20% | 1.64x | $11.67 Billion |
| C&C Group plc (CCGPY) | $384.50 Million | 54.15% | 1.42x | $663.00 Million |
| China Resources Beer Holdings Co Ltd (CRHKF) | $19.31 Billion | -17.32% | 1.21x | $5.79 Billion |
| Entertainment Arts Research Inc (EARI) | $146.29K | 0.00% | 2.48x | $0.94 |
| Fomento Economico Mexicano (FMX) | $15.70 Billion | 10.67% | 0.85x | $37.66 Billion |
| Heineken N.V (HINKF) | $0.00 | 0.00% | 0.00x | $45.23 Billion |