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STOCK COMPARISON

Kweichow Moutai Co vs Thanh Thanh Cong Tay Ninh JSC: Fair Value & Quality

Both stocks run through our valuation models. Here is how Kweichow Moutai Co (600519) and Thanh Thanh Cong Tay Ninh JSC (SBT) compare, as of Sep 6, 2026.

As of Sep 6, 2026, Fair Value Calculator sees Kweichow Moutai Co as the less overvalued of the two: Kweichow Moutai Co trades at ¥1,330 versus a fair value of ¥1,238 (-7%), while Thanh Thanh Cong Tay Ninh JSC trades at VND 23,000 versus VND 12,587 (-45%).
Kweichow Moutai Co
600519.SHG · CNY · Consumer Staples
-7%
upside to fair value
fairly valued
Price¥1,330
Fair Value¥1,238
Quality82/100
Thanh Thanh Cong Tay Ninh JSC
SBT.VN · VND · Consumer Staples
-45%
upside to fair value
overvalued
PriceVND 23,000
Fair ValueVND 12,587
Quality32/100
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Head-to-head numbers

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

Kweichow Moutai CoThanh Thanh Cong Tay Ninh JSC
Valuation
19.8×P/E (TTM)31.9×
9.09×P/S (TTM)0.70×
6.39×P/B1.79×
13.3×EV/EBITDA15.9×
1.65×PEG
−6.9%Fair value upside−45.3%
3.9%Dividend yield0.4%
¥51.95Dividend per share
Profitability
68%Operating margin4%
0.84×EBIT margin trend (5Y)1.10×
31%Return on equity7%
22%Return on assets2%
Growth
7%Revenue growth (YoY)13%
16.4%Avg. growth/yr (3Y)15.8%
15.4%Avg. growth/yr (5Y)17.2%
+16.0%Value creation/yr+6.3%
Balance & size
3,969.8×Interest coverage (EBIT/interest)1.0×
Debt / equity0.55×
$233BMarket cap$732M
mixedGrowth qualityexpensive

Kweichow Moutai Co leads: 10 to 4 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.

Kweichow Moutai Coof which business quality 79 · market factors 55 Thanh Thanh Cong Tay Ninh JSCof which business quality 31 · market factors 59
ProfitabilityMargins and returns on capital today
86
34
Quality GrowthAre margins and returns improving?
46
47
CashflowEarnings quality: real cash, not paper profit
79
5
Fin. StrengthBalance sheet, leverage, solvency risk
91
28
InvestmentDisciplined investing over empire-building
78
79
Low VolatilityCalm price path (market factor)
92
95
MomentumPrice trend over the last 3–12 months (market factor)
40
44
52W MomentumDistance to the 52-week high (market factor)
38
44
Net IssuanceBuybacks instead of dilution
84
14

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyKweichow Moutai CoPrice ¥1,330Thanh Thanh Cong Tay Ninh JSCPrice VND 23,000
DCF Models+31%above the price¥1,736-6%close to the priceVND 21,715
Earnings-Based-6%close to the price¥1,256-37%below the priceVND 14,502
Dividend Discount-26%below the price¥988-93%below the priceVND 1,558
Multiples-13%close to the price¥1,164-18%below the priceVND 18,948
Asset-Based-90%below the price¥131-66%below the priceVND 7,900
Growth DCF-20%below the price¥1,063n/a
Economic Profit-39%below the price¥810-34%below the priceVND 15,292
Growth Earnings+31%above the price¥1,744-10%close to the priceVND 20,743
Minimum-90%below the price¥131-93%below the priceVND 1,558
Maximum+31%above the price¥1,744-6%close to the priceVND 21,715
Median-16%below the price¥1,113-34%below the priceVND 15,292
Geometric mean-31%below the price¥916-51%below the priceVND 11,284

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Kweichow Moutai Co: 15 of 26 models see the stock below the current price.

Thanh Thanh Cong Tay Ninh JSC: 14 of 17 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.

Kweichow Moutai Co
Bear ¥883Fair Value ¥1,238Bull ¥1,938
¥1,330 = current price (white tick)
Thanh Thanh Cong Tay Ninh JSC
Bear VND 8,964Fair Value VND 12,587Bull VND 17,721
VND 23,000 = 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.

Kweichow Moutai Co · Consumer Staples

Quality score82 · Top 25%
Fair value upside-7% · below median

Thanh Thanh Cong Tay Ninh JSC · Consumer Staples

Quality score32 · bottom 25%
Fair value upside-45% · bottom 25%

Bottom line

As of Sep 6, 2026, Fair Value Calculator sees Kweichow Moutai Co as the less overvalued of the two: Kweichow Moutai Co trades at ¥1,330 versus a fair value of ¥1,238 (-7%), while Thanh Thanh Cong Tay Ninh JSC trades at VND 23,000 versus VND 12,587 (-45%).

Kweichow Moutai Co has the higher quality score (82/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.