AVIC SHENYANG AIRCRAFT COMPANY LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 38.7 CNY | +0.91% |
|
+1.12% | -8.25% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 44,252 | 109,482 | 133,395 | 114,946 | 116,235 | 106,646 | - | - |
| Enterprise Value (EV) 1 | 44,252 | 96,852 | 111,777 | 92,563 | 116,235 | 106,646 | 106,646 | 106,646 |
| P/E ratio | 50.2 x | 73.8 x | 78.2 x | 49.7 x | 38.7 x | 28.8 x | 23.4 x | 19.6 x |
| Yield | - | 0.31% | 0.51% | 0.68% | 0.95% | 1.13% | 1.39% | 1.65% |
| Capitalization / Revenue | 1.86 x | 4.01 x | 3.91 x | 2.76 x | 2.51 x | 1.94 x | 1.65 x | 1.41 x |
| EV / Revenue | 1.86 x | 4.01 x | 3.91 x | 2.76 x | 2.51 x | 1.94 x | 1.65 x | 1.41 x |
| EV / EBITDA | 27.9 x | 45.2 x | 50.8 x | 34 x | 27.5 x | 22.4 x | 18.5 x | 15.4 x |
| EV / FCF | - | - | 14,564,791 x | - | - | - | - | - |
| FCF Yield | - | - | 0% | - | - | - | - | - |
| Price to Book | 5.09 x | 10.8 x | 11.7 x | 8.95 x | 7.7 x | 5.86 x | 4.89 x | 4.05 x |
| Nbr of stocks (in thousands) | 2,744,763 | 2,744,763 | 2,744,763 | 2,744,737 | 2,755,700 | 2,755,700 | - | - |
| Reference price 2 | 16.12 | 39.89 | 48.60 | 41.88 | 42.18 | 38.70 | 38.70 | 38.70 |
| Announcement Date | 4/25/20 | 3/8/21 | 3/8/22 | 4/9/23 | 1/17/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 23,761 | 27,316 | 34,088 | 41,598 | 46,248 | 54,889 | 64,739 | 75,865 |
| EBITDA 1 | 1,584 | 2,422 | 2,625 | 3,381 | 4,233 | 4,769 | 5,763 | 6,934 |
| EBIT 1 | 1,015 | 1,742 | 1,874 | 2,599 | 3,398 | 4,167 | 5,158 | 6,153 |
| Operating Margin | 4.27% | 6.38% | 5.5% | 6.25% | 7.35% | 7.59% | 7.97% | 8.11% |
| Earnings before Tax (EBT) 1 | 1,014 | 1,738 | 1,864 | 2,611 | 3,395 | 4,166 | 5,159 | 6,153 |
| Net income 1 | 877.8 | 1,480 | 1,696 | 2,305 | 3,008 | 3,694 | 4,563 | 5,454 |
| Net margin | 3.69% | 5.42% | 4.97% | 5.54% | 6.5% | 6.73% | 7.05% | 7.19% |
| EPS 2 | 0.3214 | 0.5408 | 0.6214 | 0.8429 | 1.090 | 1.342 | 1.657 | 1.978 |
| Free Cash Flow | - | - | 9,159 | - | - | - | - | - |
| FCF margin | - | - | 26.87% | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | 348.86% | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | 540.11% | - | - | - | - | - |
| Dividend per Share 2 | - | 0.1224 | 0.2500 | 0.2857 | 0.4000 | 0.4375 | 0.5367 | 0.6400 |
| Announcement Date | 4/25/20 | 3/8/21 | 3/8/22 | 4/9/23 | 1/17/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,172 | - | 12,009 | 10,467 | 11,319 | - | 13,975 |
| EBITDA | 539.2 | - | 651.8 | 901.8 | - | - | - |
| EBIT 1 | 208.9 | - | 651 | 716.9 | 632.4 | - | 963.6 |
| Operating Margin | 2.28% | - | 5.42% | 6.85% | 5.59% | - | 6.9% |
| Earnings before Tax (EBT) 1 | 205.1 | - | 663.7 | 715.6 | 631.8 | - | 964.2 |
| Net income 1 | 241.6 | - | 607.4 | 621.6 | 564.6 | 641.8 | 851.3 |
| Net margin | 2.63% | - | 5.06% | 5.94% | 4.99% | - | 6.09% |
| EPS 2 | 0.0929 | - | 0.2214 | 0.2286 | 0.2071 | 0.2357 | 0.3043 |
| Dividend per Share | 0.2071 | - | - | - | 0.2857 | - | - |
| Announcement Date | 3/8/22 | 5/29/22 | 8/29/22 | 10/29/22 | 4/9/23 | 4/24/23 | 8/30/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | 12,630 | 21,619 | 22,383 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | 9,159 | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 10.6% | 15.4% | 15.4% | 18.4% | 21% | 20.1% | 21.1% | 20.6% |
| ROA (Net income/ Total Assets) | 3.05% | 4.77% | 3.55% | 3.75% | - | 5.78% | 6.07% | 6.2% |
| Assets 1 | 28,827 | 31,038 | 47,817 | 61,417 | - | 63,972 | 75,169 | 88,032 |
| Book Value Per Share 2 | 3.170 | 3.700 | 4.160 | 4.680 | 5.480 | 6.600 | 7.910 | 9.550 |
| Cash Flow per Share 2 | -0.4200 | 2.300 | 3.700 | 0.9800 | -1.590 | 2.230 | 2.370 | 1.830 |
| Capex 1 | 559 | 741 | 936 | 1,058 | 2,529 | 893 | 949 | 966 |
| Capex / Sales | 2.35% | 2.71% | 2.75% | 2.54% | 5.47% | 1.63% | 1.47% | 1.27% |
| Announcement Date | 4/25/20 | 3/8/21 | 3/8/22 | 4/9/23 | 1/17/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
38.7
CNY
Average target price
62.16
CNY
Spread / Average Target
+60.62%
EPS Revisions
- Stock Market
- Equities
- 600760 Stock
- Financials AVIC Shenyang Aircraft Company Limited
