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Kweichow Moutai Co., Ltd. 600519.SS

CN · Shanghai Stock Exchange · XSHG · stock · Consumer Defensive · website

Kweichow Moutai Co., Ltd. statistics & valuation

Market capCN¥1.68T
P / E20.4×
P / S9.8×
P / B6.9×
P / FCF28.7×
Net margin47.8%
FCF margin33.9%
Net cashCN¥51.5B
Enterprise value USD$243.6B
Earnings yield EBIT/EV7%
Return on capital44.9%
Graham number -60.3%CN¥537.69

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥537.69); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
49.20% 49.60% 49.50% 47.80% 2022202320242025
Gross margin (%)
92.10% 92.10% 92.10% 91.30% 2022202320242025
Operating margin (%)
67.80% 67.70% 67.90% 66.30% 2022202320242025
Return on equity (%)
31.80% 34.70% 37.00% 33.60% 2022202320242025
Shares outstanding
1.25B 1.25B 1.25B 1.25B 2022202320242025
Net debt (CN¥)
-CN¥57.83B -CN¥68.75B -CN¥58.87B -CN¥51.46B 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
24.60% 27.40% 28.80% 27.10% 2022202320242025
Free cash flow margin (%)
24.60% 42.50% 50.40% 33.90% 2022202320242025
Debt / equity (×)
0.00× 0.00× 0.00× 0.00× 2022202320242025
EPS (CN¥)
CN¥49.93 CN¥59.49 CN¥68.64 CN¥65.66 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Kweichow Moutai Co., Ltd. trades at about 20.6× earnings — below its 10-year norm (10-year range 20.9×–37×, median 27×).

20.6× 37×

Shaded band = 10-year range (20.9×–37×); dot = today's 20.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin91.3%92.1%92.1%92.1%
Operating margin66.3%67.9%67.7%67.8%
Net margin47.8%49.5%49.6%49.2%
FCF margin33.9%50.4%42.5%24.6%
Return on assets27.1%28.8%27.4%24.6%
Return on equity33.6%37.0%34.7%31.8%
Current ratio5.094.454.624.41

Computed from company filings · CN · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.