Delayed
Other stock markets
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5-day change | 1st Jan Change | ||
5.370 HKD | -1.10% |
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-6.45% | +4.27% |
Jun. 15 | Air China's Passenger Traffic Rises 8.4% in May; Shares Down 4% | MT |
Jun. 13 | Air China Limited Reports Group Operating Results for the Month and Year to Date Ended May 2025 | CI |
Projected Income Statement: Air China Limited
Annual
Quarterly
Halfyear
Annual
Quarterly
Halfyear
Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|---|
Net sales 1 | 69,504 | 74,532 | 52,898 | 141,100 | 166,699 | 174,755 | 186,049 | 202,682 |
Change | - | 7.23% | -29.03% | 166.74% | 18.14% | 4.83% | 6.46% | 8.94% |
EBITDA 1 | -9,094 | 4,072 | -37,124 | 8,502 | 31,321 | 36,768 | 41,273 | 46,761 |
Change | - | 144.78% | -1,011.61% | 122.9% | 268.39% | 17.39% | 12.25% | 13.3% |
EBIT 1 | -18,500 | -16,862 | -46,085 | -3,324 | 2,218 | 6,517 | 13,042 | 19,702 |
Change | - | 8.85% | -173.3% | 92.79% | 166.73% | 193.78% | 100.13% | 51.07% |
Interest Paid 1 | -1,309 | -5,383 | -10,335 | -7,453 | -6,767 | -6,055 | -5,314 | -5,179 |
Earnings before Tax (EBT) 1 | -18,475 | -21,826 | -45,877 | -1,660 | -1,599 | 4,573 | 10,576 | 15,739 |
Change | - | -18.14% | -110.2% | 96.38% | 3.71% | 386.03% | 131.25% | 48.82% |
Net income 1 | -14,409 | -16,635 | -38,617 | -1,046 | -232.6 | 3,852 | 7,235 | 11,331 |
Change | - | -15.45% | -132.14% | 97.29% | 77.78% | 1,756.45% | 87.82% | 56.62% |
Announcement Date | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | 3/27/25 | - | - | - |
1CNY in Million
Estimates
Forecast Balance Sheet: Air China Limited
Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|---|
Net Debt 1 | 76,446 | 168,284 | 123,837 | 135,933 | 148,952 | 191,734 | 168,942 | 163,353 |
Change | - | 120.13% | -26.41% | 9.77% | 9.58% | 28.72% | -11.89% | -3.31% |
Announcement Date | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | 3/27/25 | - | - | - |
1CNY in Million
Estimates
Cash Flow Forecast: Air China Limited
Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|---|
CAPEX 1 | 11,905 | 20,170 | 6,965 | 21,446 | 20,104 | 20,960 | 23,683 | 28,095 |
Change | - | 69.42% | -65.47% | 207.91% | -6.25% | 4.26% | 12.99% | 18.63% |
Free Cash Flow (FCF) 1 | -10,497 | -13,040 | -23,727 | 13,973 | 7,880 | 12,278 | 14,069 | 10,063 |
Change | - | -24.22% | -81.96% | 158.89% | -43.61% | 55.82% | 14.59% | -28.47% |
Announcement Date | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | 3/27/25 | - | - | - |
1CNY in Million
Estimates
Forecast Financial Ratios: Air China Limited
Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
EBITDA Margin (%) | -13.08% | 5.46% | -70.18% | 6.03% | 18.79% | 21.04% | 22.18% | 23.07% |
EBIT Margin (%) | -26.62% | -22.62% | -87.12% | -2.36% | 1.33% | 3.73% | 7.01% | 9.72% |
EBT Margin (%) | -26.58% | -29.28% | -86.73% | -1.18% | -0.96% | 2.62% | 5.68% | 7.77% |
Net margin (%) | -20.73% | -22.32% | -73% | -0.74% | -0.14% | 2.2% | 3.89% | 5.59% |
FCF margin (%) | -15.1% | -17.5% | -44.85% | 9.9% | 4.73% | 7.03% | 7.56% | 4.96% |
FCF / Net Income (%) | 72.85% | 78.39% | 61.44% | -1,335.36% | -3,388.29% | 318.73% | 194.45% | 88.81% |
Profitability | ||||||||
ROA | -4.98% | -5.67% | -13.02% | -0.33% | -0.07% | 1.11% | 1.94% | 2.85% |
ROE | -16.86% | -23.76% | -90.86% | -2.77% | -0.56% | 7.63% | 13.16% | 17.56% |
Financial Health | ||||||||
Leverage (Debt/EBITDA) | -8.41x | 41.32x | -3.34x | 15.99x | 4.76x | 5.21x | 4.09x | 3.49x |
Debt / Free cash flow | -7.28x | -12.91x | -5.22x | 9.73x | 18.9x | 15.62x | 12.01x | 16.23x |
Capital Intensity | ||||||||
CAPEX / Current Assets (%) | 17.13% | 27.06% | 13.17% | 15.2% | 12.06% | 11.99% | 12.73% | 13.86% |
CAPEX / EBITDA (%) | -130.91% | 495.29% | -18.76% | 252.24% | 64.19% | 57.01% | 57.38% | 60.08% |
CAPEX / FCF (%) | -113.42% | -154.68% | -29.35% | 153.48% | 255.14% | 170.71% | 168.33% | 279.19% |
Items per share | ||||||||
Cash flow per share 1 | 0.1025 | 0.5191 | - | 2.3 | 1.764 | 1.626 | 2.055 | 2.371 |
Change | - | 406.34% | - | - | -23.3% | -7.8% | 26.34% | 15.4% |
Dividend per Share 1 | - | - | - | - | - | 0.00056 | 0.0266 | - |
Change | - | - | - | - | - | - | 4,648.21% | - |
Book Value Per Share 1 | 5.338 | 4.23 | - | 2.298 | 2.846 | 2.892 | 3.242 | 3.965 |
Change | - | -20.76% | - | - | 23.84% | 1.62% | 12.11% | 22.31% |
EPS 1 | -1.049 | -1.211 | -2.812 | -0.0674 | -0.0147 | 0.1963 | 0.4168 | 0.7022 |
Change | - | -15.5% | -132.13% | 97.6% | 78.19% | 1,435.17% | 112.38% | 68.45% |
Nbr of stocks (in thousands) | 14,524,815 | 14,524,815 | 14,524,815 | 16,200,793 | 17,448,421 | 17,448,421 | 17,448,421 | 17,448,421 |
Announcement Date | 3/30/21 | 3/30/22 | 3/30/23 | 3/28/24 | 3/27/25 | - | - | - |
1CNY
Estimates
2025 * | 2026 * | |
---|---|---|
P/E ratio | 25.3x | 11.9x |
PBR | 1.72x | 1.53x |
EV / Sales | 1.79x | 1.55x |
Yield | 0.01% | 0.53% |
More valuation ratios
* Estimated data
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Sell
Buy

Mean consensus
HOLD
Number of Analysts
13
Last Close Price
4.972CNY
Average target price
4.864CNY
Spread / Average Target
-2.18%
Quarterly revenue - Rate of surprise
- Stock Market
- Equities
- 753 Stock
- Financials Air China Limited
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