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STOCK COMPARISON

Jiangsu Yanghe Brewery Joint-Stock Co vs Kweichow Moutai Co: Fair Value & Quality

Both stocks run through our valuation models. Here is how Jiangsu Yanghe Brewery Joint-Stock Co (002304) and Kweichow Moutai Co (600519) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Kweichow Moutai Co as the less overvalued of the two: Jiangsu Yanghe Brewery Joint-Stock Co trades at ¥40.88 versus a fair value of ¥27.82 (-32%), while Kweichow Moutai Co trades at ¥1,309 versus ¥1,238 (-5%).
Jiangsu Yanghe Brewery Joint-Stock Co
002304.SHE · CNY · Consumer Staples
-32%
upside to fair value
overvalued
Price¥40.88
Fair Value¥27.82
Quality49/100
Kweichow Moutai Co
600519.SHG · CNY · Consumer Staples
-5%
upside to fair value
fairly valued
Price¥1,309
Fair Value¥1,238
Quality74/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Jiangsu Yanghe Brewery Joint-Stock CoKweichow Moutai Co
Valuation
56.8×P/E (TTM)18.9×
3.51×P/S (TTM)9.09×
1.23×P/B6.39×
18.8×EV/EBITDA13.3×
0.82×PEG1.65×
3.8%Dividend yield4.3%
¥1.47Dividend per share¥51.95
Profitability
6%Net margin48%
40%Operating margin68%
2%Return on equity31%
2%Return on assets22%
Growth
-26%Revenue growth (YoY)7%
-13.9%Avg. growth/yr (3Y)16.4%
-1.9%Avg. growth/yr (5Y)15.4%
Balance & size
0.00×Debt / equity
$9BMarket cap$232B
weakGrowth qualitymixed

Kweichow Moutai Co leads: 3 to 10 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Jiangsu Yanghe Brewery Joint-Stock Coof which business quality 52 · market factors 32 Kweichow Moutai Coof which business quality 79 · market factors 51
ProfitabilityMargins and returns on capital today
35
86
Quality GrowthAre margins and returns improving?
26
46
CashflowEarnings quality: real cash, not paper profit
2
79
Fin. StrengthBalance sheet, leverage, solvency risk
95
91
InvestmentDisciplined investing over empire-building
97
78
Low VolatilityCalm price path (market factor)
86
93
MomentumPrice trend over the last 3–12 months (market factor)
11
33
52W MomentumDistance to the 52-week high (market factor)
5
35
Net IssuanceBuybacks instead of dilution
82
84

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Jiangsu Yanghe Brewery Joint-Stock Co

DCF Models¥36.12
Earnings-Based¥15.67
Dividend Discount¥80.63
Multiples¥33.05
Asset-Based¥20.81
Economic Profit¥22.53
Growth Earnings¥26.65

13 of 17 models see the stock below the current price.

Kweichow Moutai Co

DCF Models¥1,736
Earnings-Based¥1,256
Dividend Discount¥988
Multiples¥919
Asset-Based¥131
Growth DCF¥1,145
Economic Profit¥810
Growth Earnings¥1,707

15 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Jiangsu Yanghe Brewery Joint-Stock Co
Bear ¥23.06Fair Value ¥27.82Bull ¥36.17
¥40.88 = current price (white tick)
Kweichow Moutai Co
Bear ¥932Fair Value ¥1,238Bull ¥2,267
¥1,309 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Jiangsu Yanghe Brewery Joint-Stock Co · Consumer Staples

Quality score49 · below median
Fair value upside-32% · below median

Kweichow Moutai Co · Consumer Staples

Quality score74 · Top 25%
Fair value upside-5% · below median

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Kweichow Moutai Co as the less overvalued of the two: Jiangsu Yanghe Brewery Joint-Stock Co trades at ¥40.88 versus a fair value of ¥27.82 (-32%), while Kweichow Moutai Co trades at ¥1,309 versus ¥1,238 (-5%).

Kweichow Moutai Co has the higher quality score (74/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.