Top 30 Distillery, Winery aka non-Beer Alcoholic Beverage Companies by Market Cap 2017

Somewhat related to my earlier lists of beer brewers and casinos, here is a list of 30 of the largest listed non-beer alcoholic beverage stocks by market cap (identified in some sector classifications as distillers or wineries).  This is usually one of my favorite sectors, as it is a relatively simple business to take fruit or grain water and ferment/distill it into an alcoholic beverage that can be sold at several times the cost of making it.  Distribution, marketing, and differentiation is usually the hardest challenge in this industry, and explains why average returns on assets range from -10% for many financially struggling distillers to +10-20%+ reported for ThaiBev and Kweichow Moutai.  It can be debatable whether these companies should actually be considered “sin stocks” or “vice investments”, as wine and distilled alcohol are not always considered as morally bad or good as gambling, moneylending, or arms dealing.

30 of the largest alcoholic beverage companies by market cap are: