WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Luzhou Laojiao Co., Ltd. vs British American Tobacco p.l.c.

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

British American Tobacco p.l.c.

BATS · London Stock Exchange

Market cap (USD)$120.3B
Gross margin (TTM)62.5%
Operating margin (TTM)27.9%
Net margin (TTM)18.5%
SectorConsumer
IndustryTobacco
CountryGB
Data as of2026-08-23
Moat score
70/ 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 British American Tobacco p.l.c.'s moat claims, evidence, and risks.

View BATS analysis

Comparison highlights

  • Moat score gap: Luzhou Laojiao Co., Ltd. leads (73 / 100 vs 70 / 100 for British American Tobacco p.l.c.).
  • Segment focus: Luzhou Laojiao Co., Ltd. has 3 segments (87.9% in Mid- and high-end baijiu); British American Tobacco p.l.c. has 6 segments (78.9% in Combustibles).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Moderate vs Strong.
  • Moat breadth: Luzhou Laojiao Co., Ltd. has 2 moat types across 2 domains; British American Tobacco p.l.c. has 3 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%

British American Tobacco p.l.c.

Combustibles

Market

Combustible tobacco (cigarettes and other combustible products)

Geography

Global

Customer

Adult nicotine consumers via retail/wholesale channels

Role

Manufacturer / brand owner

Revenue share

78.9%

Side-by-side metrics

Luzhou Laojiao Co., Ltd.
British American Tobacco p.l.c.
Ticker / Exchange
000568.SZ - Shenzhen Stock Exchange
BATS - London Stock Exchange
Market cap (USD)
$17.5B
$120.3B
Gross margin (TTM)
85.4%
62.5%
Operating margin (TTM)
48.5%
27.9%
Net margin (TTM)
38%
18.5%
Sector
Consumer
Consumer
Industry
Beverages - Wineries & Distilleries
Tobacco
HQ country
CN
GB
Primary segment
Mid- and high-end baijiu
Combustibles
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Strong
Moat score
73 / 100
70 / 100
Moat domains
Demand, Supply
Demand, Legal
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Brand Trust

Luzhou Laojiao Co., Ltd. strengths

Preferential Input Access

British American Tobacco p.l.c. strengths

Installed Base ConsumablesCompliance Advantage

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%

British American Tobacco p.l.c. segments

Full profile >

Combustibles

Oligopoly

78.9%

Vapour

Competitive

6%

Heated Products

Oligopoly

3.6%

Modern Oral

Oligopoly

4.5%

Traditional Oral

Oligopoly

4.1%

Other

Competitive

2.9%

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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).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.