BEIJING CAPITAL INTERNATIONAL AIRPORT COMPANY LIMITED Financials Beijing Capital International Airport Company Limited
Equities
694
CNE100000221
Airport Services
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.68 HKD | +4.69% |
|
+1.14% | +16.59% |
| May. 03 | Beijing Capital International Renews Airport Terminal Usage Deal with Lounge Provider | MT |
| May. 02 | Beijing Capital Airport Forecasts Flights To Surge During May Day Holiday | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 30,897 | 24,936 | 17,798 | 23,093 | 9,531 | 10,909 | - | - |
| Enterprise Value (EV) 1 | 32,646 | 29,287 | 23,524 | 31,278 | 19,082 | 19,584 | 17,762 | 16,312 |
| P/E ratio | 12.3 x | -12.4 x | -8.45 x | -6.55 x | -5.63 x | -64.9 x | 17.3 x | 10.2 x |
| Yield | 3.6% | - | - | - | - | - | 1.16% | 4.17% |
| Capitalization / Revenue | 2.86 x | 6.95 x | 5.32 x | 10.4 x | 2.09 x | 1.77 x | 1.5 x | 1.35 x |
| EV / Revenue | 3.02 x | 8.16 x | 7.03 x | 14 x | 4.19 x | 3.17 x | 2.44 x | 2.02 x |
| EV / EBITDA | 6.8 x | -32.6 x | -20 x | -15.6 x | 97.8 x | 10.8 x | 6.78 x | 5.27 x |
| EV / FCF | 10.4 x | -14 x | -16.8 x | -15.8 x | -22.5 x | 19.4 x | 8.16 x | 5.42 x |
| FCF Yield | 9.58% | -7.14% | -5.96% | -6.33% | -4.44% | 5.14% | 12.3% | 18.4% |
| Price to Book | 1.24 x | 1.12 x | 0.88 x | 1.39 x | 0.64 x | 0.74 x | 0.71 x | 0.66 x |
| Nbr of stocks (in thousands) | 4,579,179 | 4,579,179 | 4,579,179 | 4,579,179 | 4,579,179 | 4,579,179 | - | - |
| Reference price 2 | 6.747 | 5.445 | 3.887 | 5.043 | 2.081 | 2.382 | 2.382 | 2.382 |
| Announcement Date | 3/26/20 | 3/24/21 | 3/24/22 | 3/30/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,810 | 3,587 | 3,345 | 2,231 | 4,559 | 6,174 | 7,278 | 8,088 |
| EBITDA 1 | 4,804 | -898.7 | -1,174 | -2,004 | 195.1 | 1,816 | 2,620 | 3,095 |
| EBIT 1 | 3,400 | -2,382 | -2,747 | -3,658 | -1,413 | 401.9 | 1,091 | 1,637 |
| Operating Margin | 31.45% | -66.39% | -82.13% | -163.95% | -30.99% | 6.51% | 14.98% | 20.24% |
| Earnings before Tax (EBT) 1 | 3,229 | -2,710 | -2,820 | -4,002 | -1,719 | -77.57 | 786.3 | 1,276 |
| Net income 1 | 2,419 | -2,035 | -2,117 | -3,527 | -1,697 | -188.7 | 639.4 | 1,035 |
| Net margin | 22.38% | -56.72% | -63.28% | -158.08% | -37.22% | -3.06% | 8.78% | 12.8% |
| EPS 2 | 0.5500 | -0.4400 | -0.4600 | -0.7700 | -0.3700 | -0.0367 | 0.1376 | 0.2332 |
| Free Cash Flow 1 | 3,128 | -2,092 | -1,402 | -1,981 | -846.8 | 1,007 | 2,176 | 3,007 |
| FCF margin | 28.93% | -58.32% | -41.91% | -88.78% | -18.58% | 16.31% | 29.9% | 37.18% |
| FCF Conversion (EBITDA) | 65.11% | - | - | - | - | 55.45% | 83.06% | 97.15% |
| FCF Conversion (Net income) | 129.28% | - | - | - | - | - | 340.34% | 290.49% |
| Dividend per Share 2 | 0.2427 | - | - | - | - | - | 0.0277 | 0.0994 |
| Announcement Date | 3/26/20 | 3/24/21 | 3/24/22 | 3/30/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 |
|---|---|---|---|---|---|---|
| Net sales | 5,430 | 1,983 | 1,604 | - | - | - |
| EBITDA | - | - | - | - | - | - |
| EBIT | 1,572 | - | - | - | - | - |
| Operating Margin | 28.94% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | 1,129 | -738 | - | -840.9 | -1,276 | -1,405 |
| Net margin | 20.8% | -37.22% | - | - | - | - |
| EPS | 0.2520 | -0.1610 | -0.2790 | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/26/20 | 8/26/20 | 3/24/21 | 8/25/21 | 3/24/22 | 8/30/22 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,749 | 4,352 | 5,726 | 8,185 | 9,551 | 8,675 | 6,854 | 5,404 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3641 x | -4.842 x | -4.875 x | -4.084 x | 48.97 x | 4.777 x | 2.616 x | 1.746 x |
| Free Cash Flow 1 | 3,128 | -2,092 | -1,402 | -1,981 | -847 | 1,007 | 2,176 | 3,007 |
| ROE (net income / shareholders' equity) | 10% | -8.62% | -9.98% | -19.2% | -10.8% | -1.16% | 4.18% | 6.68% |
| ROA (Net income/ Total Assets) | 6.97% | -5.8% | -6% | -10.3% | -5.14% | -0.12% | 2.08% | 3.28% |
| Assets 1 | 34,721 | 35,080 | 35,287 | 34,315 | 33,037 | 158,844 | 30,676 | 31,590 |
| Book Value Per Share 2 | 5.450 | 4.860 | 4.410 | 3.630 | 3.250 | 3.240 | 3.370 | 3.590 |
| Cash Flow per Share 2 | 0.9000 | -0.2200 | -0.1400 | -0.3300 | -0.1300 | 0.3400 | 0.5100 | 0.7100 |
| Capex 1 | 784 | 903 | 571 | 479 | 271 | 551 | 521 | 509 |
| Capex / Sales | 7.25% | 25.16% | 17.06% | 21.48% | 5.94% | 8.93% | 7.16% | 6.29% |
| Announcement Date | 3/26/20 | 3/24/21 | 3/24/22 | 3/30/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
2.382
CNY
Average target price
2.834
CNY
Spread / Average Target
+18.99%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +18.34% | 1.51B | |
| -6.69% | 22.05B | |
| -7.97% | 4.82B | |
| -2.55% | 4.42B | |
| -16.19% | 3.26B | |
| -11.64% | 3.19B | |
| -3.07% | 3.1B | |
| 0.00% | 2.52B | |
| +10.01% | 2.17B | |
| +1.24% | 1.84B |
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