China Tourism Group Duty Free Corp Ltd Class H CTGDF

Morningstar Rating
$6.25 +0.20 (3.31%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

CTGDF is trading at a LOCK|Q<>wgZ premium.
Price
$6.25
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
—

Trading Information

Previous Close Price
$6.05
Day Range
$6.25–6.25
52-Week Range
$6.05–6.62
Bid/Ask
— / —
Shares Outstanding
2.08B
Market Cap
$12.93B
Volume/Avg
100 / 725

Key Statistics

Price/Earnings (Normalized)
22.25
Price/Sales
1.70
Dividend Yield (Trailing)
1.62%
Dividend Yield (Forward)
1.62%
Dividend Payment Schedule
Jan, Aug
Total Yield
1.62%

Company Profile

Established in 1984, China Tourism Group Duty Free is China’s largest and the world’s second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
Sector
Consumer Cyclical
Industry
Specialty Retail
Stock Style Box
Large Core
Total Number of Employees
14,485

Competitors

Valuation

Metric
CTGDF
AVOL
MC
Price/Earnings (Normalized)
22.2519.3317.12
Price/Book Value
1.543.792.75
Price/Sales
1.700.452.36
Price/Cash Flow
14.112.369.57
Price/Earnings
CTGDF
AVOL
MC

Financial Strength

Metric
CTGDF
AVOL
MC
Quick Ratio
2.110.420.66
Current Ratio
4.210.731.63
Interest Coverage
21.971.6616.08
Quick Ratio
CTGDF
AVOL
MC

Profitability

Metric
CTGDF
AVOL
MC
Return on Assets (Normalized)
5.14%3.70%7.82%
Return on Equity (Normalized)
7.19%34.81%16.56%
Return on Invested Capital (Normalized)
5.29%7.45%10.96%
Return on Assets
CTGDF
AVOL
MC

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