CHINA EXPRESS AIRLINES CO.,LTD |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.11 CNY | -0.14% |
|
-1.93% | -0.42% |
| May. 30 | China Express Airlines Co-President Resigns | MT |
| Apr. 23 | China Express Airlines Co.,LTD Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,317 | 12,822 | 12,746 | 17,614 | 9,094 | 9,055 | - | - |
| Enterprise Value (EV) 1 | 9,133 | 13,464 | 16,767 | 21,100 | 13,601 | 9,535 | 8,957 | 7,700 |
| P/E ratio | 14.9 x | 20.9 x | -129 x | -7.22 x | -9.42 x | 27 x | 10.7 x | 7.51 x |
| Yield | 0.62% | 0.48% | - | - | - | 0.38% | 0.87% | 1.15% |
| Capitalization / Revenue | 1.35 x | 2.71 x | 3.21 x | 6.66 x | 1.77 x | 1.25 x | 1.01 x | 0.84 x |
| EV / Revenue | 1.69 x | 2.85 x | 4.23 x | 7.98 x | 2.64 x | 1.32 x | 1 x | 0.71 x |
| EV / EBITDA | 9.4 x | 11.6 x | 134 x | -38 x | -17.2 x | 6.39 x | 4.14 x | 3.28 x |
| EV / FCF | - | - | - | -604,046,132 x | - | - | - | - |
| FCF Yield | - | - | - | -0% | - | - | - | - |
| Price to Book | 2.63 x | 3.26 x | 3.52 x | 4.36 x | 2.96 x | 2.67 x | 2.14 x | 1.72 x |
| Nbr of stocks (in thousands) | 901,125 | 1,013,568 | 1,011,615 | 1,273,611 | 1,273,611 | 1,273,611 | - | - |
| Reference price 2 | 8.120 | 12.65 | 12.60 | 13.83 | 7.140 | 7.110 | 7.110 | 7.110 |
| Announcement Date | 2/27/20 | 4/14/21 | 3/30/22 | 4/28/23 | 4/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,407 | 4,728 | 3,967 | 2,643 | 5,151 | 7,242 | 8,944 | 10,806 |
| EBITDA 1 | 972 | 1,162 | 124.7 | -555 | -791.1 | 1,492 | 2,164 | 2,345 |
| EBIT 1 | 543.1 | 699 | -114.8 | -2,341 | -1,078 | 382.9 | 1,019 | 1,472 |
| Operating Margin | 10.04% | 14.78% | -2.89% | -88.57% | -20.92% | 5.29% | 11.4% | 13.62% |
| Earnings before Tax (EBT) 1 | 583.8 | 721.8 | -111.6 | -2,345 | -1,100 | 368.6 | 944.6 | 1,396 |
| Net income 1 | 502.2 | 612.9 | -98.71 | -1,974 | -965 | 323.3 | 828.7 | 1,212 |
| Net margin | 9.29% | 12.96% | -2.49% | -74.69% | -18.73% | 4.46% | 9.27% | 11.22% |
| EPS 2 | 0.5460 | 0.6047 | -0.0975 | -1.915 | -0.7577 | 0.2634 | 0.6633 | 0.9468 |
| Free Cash Flow | - | - | - | -34.93 | - | - | - | - |
| FCF margin | - | - | - | -1.32% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0507 | 0.0610 | - | - | - | 0.0268 | 0.0616 | 0.0818 |
| Announcement Date | 2/27/20 | 4/14/21 | 3/30/22 | 4/28/23 | 4/23/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2022 Q1 | 2023 Q1 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 1,045 | 1,300 | 1,616 | 1,617 | 2,261 | 1,795 | 1,803 | 2,021 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | 11.66 | -453.8 | -275.9 | - | - | - | - | - | - | - |
| Net margin | - | - | -26.41% | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/26/21 | 4/28/22 | 4/28/23 | 4/23/24 | 4/23/24 | - | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,815 | 642 | 4,021 | 3,486 | 4,508 | 480 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | 98.5 | 1,355 |
| Leverage (Debt/EBITDA) | 1.868 x | 0.5528 x | 32.24 x | -6.281 x | -5.698 x | 0.3216 x | - | - |
| Free Cash Flow | - | - | - | -34.9 | - | - | - | - |
| ROE (net income / shareholders' equity) | 21.2% | 18.3% | -2.61% | -69.7% | -27% | 9.8% | 19.8% | 22.6% |
| ROA (Net income/ Total Assets) | - | 5.75% | -0.71% | -11.7% | - | 1.6% | 3.38% | 4.23% |
| Assets 1 | - | 10,652 | 13,864 | 16,851 | - | 20,207 | 24,553 | 28,638 |
| Book Value Per Share 2 | 3.090 | 3.880 | 3.580 | 3.170 | 2.420 | 2.670 | 3.320 | 4.140 |
| Cash Flow per Share 2 | 1.170 | 0.9900 | 0.9000 | 0.2500 | 1.030 | 1.130 | 1.530 | 1.790 |
| Capex 1 | 1,079 | 756 | 1,808 | 352 | 541 | 719 | 1,097 | 911 |
| Capex / Sales | 19.95% | 15.99% | 45.57% | 13.3% | 10.5% | 9.93% | 12.27% | 8.43% |
| Announcement Date | 2/27/20 | 4/14/21 | 3/30/22 | 4/28/23 | 4/23/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
7.11
CNY
Average target price
8.375
CNY
Spread / Average Target
+17.79%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -0.42% | 1.25B | |
| -7.06% | 16.06B | |
| +3.42% | 3.78B | |
| +126.94% | 2.42B | |
| -1.73% | 1.54B | |
| -.--% | 1.23B | |
| +4.32% | 1.15B | |
| -35.60% | 938M | |
| -15.25% | 916M | |
| -5.75% | 538M |
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- Financials China Express Airlines Co.,LTD
