Financials Xiamen International Airport Co.,Ltd

Equities

600897

CNE000000K33

Airport Services

End-of-day quote Shanghai S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
13.3 CNY +0.53% Intraday chart for Xiamen International Airport Co.,Ltd +4.89% +6.49%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,653 4,950 4,935 4,988 5,208 5,545 - -
Enterprise Value (EV) 1 6,423 4,674 4,736 4,980 2,796 3,222 3,098 5,545
P/E ratio 12.8 x 28.9 x 34.8 x 186 x 14.7 x 12.1 x 10.6 x 8.16 x
Yield 2.34% 1.04% 0.86% 0.51% 2.08% 3.68% 4.09% 3.01%
Capitalization / Revenue 3.73 x 4.04 x 3.96 x 4.96 x 3.07 x 2.87 x 2.61 x 2.04 x
EV / Revenue 3.6 x 3.82 x 3.8 x 4.95 x 1.65 x 1.67 x 1.46 x 2.04 x
EV / EBITDA 6.92 x 10.1 x 11.4 x 20 x 3.98 x 3.72 x 3.37 x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.78 x 1.32 x 1.29 x 1.31 x 1.26 x 1.23 x 1.14 x 0.92 x
Nbr of stocks (in thousands) 416,934 416,934 416,934 416,934 416,934 416,934 - -
Reference price 2 15.96 11.87 11.84 11.96 12.49 13.30 13.30 13.30
Announcement Date 4/16/20 4/29/21 4/28/22 4/27/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,785 1,225 1,247 1,006 1,695 1,931 2,126 2,723
EBITDA 1 927.6 463.2 417.2 249.3 703.3 867.1 920.4 -
EBIT 1 712.7 252.1 210.6 53.43 511.1 644 696.3 -
Operating Margin 39.92% 20.58% 16.89% 5.31% 30.15% 33.34% 32.75% -
Earnings before Tax (EBT) 1 715.8 252.5 220 56.34 512.8 682.4 738.8 -
Net income 1 518.3 171.4 141.7 28.1 354 459.1 524.4 679
Net margin 29.03% 13.99% 11.36% 2.79% 20.88% 23.77% 24.66% 24.94%
EPS 2 1.243 0.4111 0.3399 0.0643 0.8500 1.100 1.259 1.630
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.3736 0.1236 0.1021 0.0614 0.2600 0.4900 0.5442 0.4000
Announcement Date 4/16/20 4/29/21 4/28/22 4/27/23 4/29/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 447.8 456.2 516 519 534 533 609
EBITDA - - - - - - - -
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income 6.332 - - - - - - -
Net margin - - - - - - - -
EPS 2 0.0152 0.2100 0.2900 0.2600 0.2800 0.2600 0.2800 0.3300
Dividend per Share - - - - - - - -
Announcement Date 4/28/22 4/29/24 4/29/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 230 275 199 8.75 2,411 2,323 2,448 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 14.1% 4.58% 3.73% 0.73% 8.88% 10.7% 11.3% 11.8%
ROA (Net income/ Total Assets) 11.3% 3.69% 2.94% - 6.82% 8.05% 8.2% 8.5%
Assets 1 4,592 4,646 4,829 - 5,190 5,703 6,396 7,988
Book Value Per Share 2 8.960 8.990 9.200 9.160 9.950 10.90 11.60 14.50
Cash Flow per Share 2 1.760 1.130 1.080 0.4000 1.470 1.530 1.680 1.920
Capex 1 224 69.4 77.9 85.7 51.9 144 244 -
Capex / Sales 12.56% 5.66% 6.25% 8.52% 3.06% 7.43% 11.45% -
Announcement Date 4/16/20 4/29/21 4/28/22 4/27/23 4/29/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
13.3 CNY
Average target price
13.25 CNY
Spread / Average Target
-0.38%
Consensus
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