Added to YB: 2025-09-22
Pitch date: 2025-09-18
600519.SS [neutral]
Kweichow Moutai Co., Ltd.
-3.22%
current return
Author Info
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Company Info
Kweichow Moutai Co., Ltd., together with its subsidiaries, produces and sells liquor products in China and internationally.
Market Cap
CNY 1.9T
Pitch Price
CNY 1.5K
Price Target
N/A
Dividend
3.70%
EV/EBITDA
13.88
P/E
20.84
EV/Sales
9.54
Sector
Beverages
Category
value
Show full summary:
Firewater | Kweichow Moutai - A Wild Idea
600519.SS (pass): Chinese BaiJiu monopoly w/ 90%+ gross margins, 68% operating margin, 50% net margin, 30-35% ROE. Only 2% of China's BaiJiu volume but 21% of revenue. 20x P/E, zero debt, $23B cash. Risks: China exposure, state ownership (60%), management corruption history, Xi's luxury crackdowns.
Read full article (11 min)