WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Luzhou Laojiao Co., Ltd. vs Kao Corporation

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Luzhou Laojiao Co., Ltd.

000568.SZ · Shenzhen Stock Exchange

Market cap (USD)$17.5B
Gross margin (TTM)85.4%
Operating margin (TTM)48.5%
Net margin (TTM)38%
SectorConsumer
IndustryBeverages - Wineries & Distilleries
CountryCN
Data as of2026-08-23
Moat score
73/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Luzhou Laojiao Co., Ltd.'s moat claims, evidence, and risks.

View 000568.SZ analysis

Kao Corporation

4452 · Tokyo Stock Exchange

Market cap (USD)$20.2B
Gross margin (TTM)38.6%
Operating margin (TTM)10.2%
Net margin (TTM)7.8%
SectorConsumer
IndustryHousehold & Personal Products
CountryJP
Data as of2026-08-23
Moat score
46/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Kao Corporation's moat claims, evidence, and risks.

View 4452 analysis

Comparison highlights

  • Moat score gap: Luzhou Laojiao Co., Ltd. leads (73 / 100 vs 46 / 100 for Kao Corporation).
  • Segment focus: Luzhou Laojiao Co., Ltd. has 3 segments (87.9% in Mid- and high-end baijiu); Kao Corporation has 5 segments (31% in Hygiene Living Care Business).
  • Moat breadth: Luzhou Laojiao Co., Ltd. has 2 moat types across 2 domains; Kao Corporation has 2 across 2.

Primary market context

Luzhou Laojiao Co., Ltd.

Mid- and high-end baijiu

Market

Mid- and high-priced baijiu in China, centered on strong-aroma products priced at least CNY150 per bottle

Geography

China (primarily); limited exports

Customer

Consumers buying for personal consumption, gifting, and banquets through distributors, retail, and e-commerce

Role

Distiller, owner of National Cellar 1573 and Luzhou Laojiao brands, and supplier to authorized distributors

Revenue share

87.9%

Kao Corporation

Hygiene Living Care Business

Market

Household & fabric care and sanitary consumer packaged goods

Geography

Japan and Asia (with select global brands)

Customer

Consumers (retail)

Role

Branded manufacturer

Revenue share

31%

Side-by-side metrics

Luzhou Laojiao Co., Ltd.
Kao Corporation
Ticker / Exchange
000568.SZ - Shenzhen Stock Exchange
4452 - Tokyo Stock Exchange
Market cap (USD)
$17.5B
$20.2B
Gross margin (TTM)
85.4%
38.6%
Operating margin (TTM)
48.5%
10.2%
Net margin (TTM)
38%
7.8%
Sector
Consumer
Consumer
Industry
Beverages - Wineries & Distilleries
Household & Personal Products
HQ country
CN
JP
Primary segment
Mid- and high-end baijiu
Hygiene Living Care Business
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
73 / 100
46 / 100
Moat domains
Demand, Supply
Demand, Supply
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Brand Trust

Luzhou Laojiao Co., Ltd. strengths

Preferential Input Access

Kao Corporation strengths

Capex Knowhow Scale

Segment mix

Luzhou Laojiao Co., Ltd. segments

Full profile >

Mid- and high-end baijiu

Oligopoly

87.9%

Other baijiu (mainstream/value)

Competitive

11.6%

Other revenues

Competitive

0.6%

Kao Corporation segments

Full profile >

Hygiene Living Care Business

Oligopoly

31%

Health Beauty Care Business

Competitive

26.2%

Cosmetics Business

Competitive

15%

Business Connected Business

Competitive

2.2%

Chemical Business

Competitive

25.5%

Act on this comparison

Turn a two-stock debate into a systemSee the systematic rankings that surface stocks like 000568.SZ and 4452, with backtests and current holdings.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

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