End-of-day quote
Shanghai S.E.
06:00:00 2024-05-30 pm EDT
|
5-day change
|
1st Jan Change
|
10.14
CNY
|
+0.40%
|
|
-0.39%
|
+3.68%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
36,110
|
33,442
|
28,543
|
35,524
|
23,147
|
23,999
|
-
|
-
|
Enterprise Value (EV)
1 |
35,479
|
31,137
|
27,263
|
33,546
|
20,928
|
18,502
|
18,065
|
15,475
|
P/E ratio
|
36.4
x
|
-118
x
|
-70.9
x
|
-33.4
x
|
51.5
x
|
23.2
x
|
17.9
x
|
19.9
x
|
Yield
|
0.83%
|
0.3%
|
-
|
-
|
0.76%
|
1.35%
|
1.72%
|
1.67%
|
Capitalization / Revenue
|
4.59
x
|
6.4
x
|
5.51
x
|
8.95
x
|
3.6
x
|
3.18
x
|
2.76
x
|
2.61
x
|
EV / Revenue
|
4.51
x
|
5.96
x
|
5.26
x
|
8.45
x
|
3.25
x
|
2.45
x
|
2.08
x
|
1.68
x
|
EV / EBITDA
|
12.2
x
|
21.1
x
|
24.5
x
|
87
x
|
9.94
x
|
6.22
x
|
5.34
x
|
4.48
x
|
EV / FCF
|
18.2
x
|
-22.3
x
|
-67.9
x
|
5,410
x
|
11.8
x
|
6.17
x
|
6.61
x
|
6.15
x
|
FCF Yield
|
5.5%
|
-4.48%
|
-1.47%
|
0.02%
|
8.44%
|
16.2%
|
15.1%
|
16.3%
|
Price to Book
|
2.22
x
|
1.74
x
|
1.56
x
|
2.07
x
|
1.32
x
|
1.3
x
|
1.22
x
|
1.18
x
|
Nbr of stocks (in thousands)
|
2,069,321
|
2,366,718
|
2,366,718
|
2,366,718
|
2,366,718
|
2,366,718
|
-
|
-
|
Reference price
2 |
17.45
|
14.13
|
12.06
|
15.01
|
9.780
|
10.14
|
10.14
|
10.14
|
Announcement Date
|
4/27/20
|
4/29/21
|
4/8/22
|
4/6/23
|
4/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
7,870
|
5,225
|
5,180
|
3,971
|
6,431
|
7,549
|
8,682
|
9,192
|
EBITDA
1 |
2,913
|
1,473
|
1,115
|
385.5
|
2,104
|
2,976
|
3,383
|
3,452
|
EBIT
1 |
1,316
|
-174.8
|
-541.5
|
-1,449
|
671.3
|
1,402
|
1,813
|
1,717
|
Operating Margin
|
16.72%
|
-3.35%
|
-10.45%
|
-36.49%
|
10.44%
|
18.57%
|
20.89%
|
18.68%
|
Earnings before Tax (EBT)
1 |
1,327
|
-148.4
|
-530
|
-1,446
|
677.8
|
1,450
|
1,879
|
1,710
|
Net income
1 |
999.9
|
-250.3
|
-405.8
|
-1,071
|
441.9
|
1,028
|
1,334
|
1,199
|
Net margin
|
12.7%
|
-4.79%
|
-7.83%
|
-26.98%
|
6.87%
|
13.62%
|
15.36%
|
13.04%
|
EPS
2 |
0.4800
|
-0.1200
|
-0.1700
|
-0.4500
|
0.1900
|
0.4363
|
0.5653
|
0.5091
|
Free Cash Flow
1 |
1,950
|
-1,396
|
-401.6
|
6.201
|
1,767
|
3,001
|
2,733
|
2,515
|
FCF margin
|
24.78%
|
-26.72%
|
-7.75%
|
0.16%
|
27.47%
|
39.75%
|
31.48%
|
27.36%
|
FCF Conversion (EBITDA)
|
66.93%
|
-
|
-
|
1.61%
|
83.95%
|
100.85%
|
80.77%
|
72.86%
|
FCF Conversion (Net income)
|
195.03%
|
-
|
-
|
-
|
399.79%
|
291.94%
|
204.87%
|
209.76%
|
Dividend per Share
2 |
0.1450
|
0.0423
|
-
|
-
|
0.0747
|
0.1369
|
0.1743
|
0.1698
|
Announcement Date
|
4/27/20
|
4/29/21
|
4/8/22
|
4/6/23
|
4/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
-
|
1,551
|
-
|
793.4
|
1,275
|
663.3
|
1,359
|
1,531
|
1,717
|
1,823
|
1,663
|
1,942
|
2,062
|
2,163
|
-
|
-
|
EBITDA
|
-
|
413.7
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
23.71
|
-
|
-578.7
|
-113.2
|
-657.2
|
59.25
|
165.2
|
164.1
|
282.7
|
268.4
|
320.2
|
335.2
|
438
|
-
|
-
|
Operating Margin
|
-
|
1.53%
|
-
|
-72.93%
|
-8.88%
|
-99.08%
|
4.36%
|
10.79%
|
9.56%
|
15.51%
|
16.14%
|
16.49%
|
16.25%
|
20.25%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
-
|
28.16
|
-
|
-578
|
-112.6
|
-
|
-
|
166.2
|
167.4
|
283.9
|
-
|
356.9
|
379.3
|
526.1
|
-
|
-
|
Net income
1 |
-410
|
84.3
|
-
|
-434.5
|
-110
|
-
|
44.73
|
113.3
|
116
|
167.8
|
-
|
249.1
|
275
|
286.5
|
-
|
-
|
Net margin
|
-
|
5.44%
|
-
|
-54.77%
|
-8.62%
|
-
|
3.29%
|
7.4%
|
6.76%
|
9.2%
|
-
|
12.82%
|
13.33%
|
13.25%
|
-
|
-
|
EPS
2 |
-
|
0.0400
|
-0.0300
|
-0.1900
|
-0.0500
|
-0.1800
|
0.0200
|
0.0500
|
0.0500
|
0.0700
|
0.0800
|
0.1018
|
0.0954
|
0.1304
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.1265
|
-
|
-
|
-
|
0.1570
|
Announcement Date
|
8/30/21
|
4/8/22
|
4/29/22
|
8/30/22
|
10/28/22
|
4/6/23
|
4/18/23
|
8/30/23
|
10/30/23
|
4/26/24
|
4/26/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
631
|
2,305
|
1,280
|
1,978
|
2,218
|
5,496
|
5,934
|
8,524
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
1,950
|
-1,396
|
-402
|
6.2
|
1,767
|
3,001
|
2,733
|
2,515
|
ROE (net income / shareholders' equity)
|
6.24%
|
-1.46%
|
-2.18%
|
-6.03%
|
2.54%
|
5.72%
|
7.36%
|
6.77%
|
ROA (Net income/ Total Assets)
|
3.84%
|
-0.95%
|
-1.51%
|
-3.93%
|
-
|
3.91%
|
4.16%
|
4.44%
|
Assets
1 |
26,038
|
26,232
|
26,913
|
27,243
|
-
|
26,321
|
32,099
|
27,034
|
Book Value Per Share
2 |
7.870
|
8.140
|
7.740
|
7.260
|
7.430
|
7.790
|
8.280
|
8.590
|
Cash Flow per Share
2 |
1.460
|
-0.0100
|
0.3600
|
0.3700
|
1.000
|
0.7800
|
1.290
|
1.360
|
Capex
1 |
1,063
|
1,351
|
1,246
|
862
|
593
|
1,224
|
1,633
|
2,258
|
Capex / Sales
|
13.5%
|
25.87%
|
24.06%
|
21.72%
|
9.22%
|
16.21%
|
18.81%
|
24.56%
|
Announcement Date
|
4/27/20
|
4/29/21
|
4/8/22
|
4/6/23
|
4/26/24
|
-
|
-
|
-
|
Last Close Price
10.14
CNY Average target price
12.56
CNY Spread / Average Target +23.87% Consensus |
1st Jan change
|
Capi.
|
---|
| +3.68% | 3.31B | | +8.79% | 25.22B | | +2.37% | 5.42B | | -3.03% | 5.32B | | -3.34% | 4.48B | | -3.65% | 3.92B | | -11.17% | 3.27B | | -.--% | 2.69B | | +9.90% | 2.22B | | +6.84% | 1.95B |
Airport Operators
|