BEIJING CAPITAL INTERNATIONAL AIRPORT COMPANY LIMITED Financials Beijing Capital International Airport Company Limited
Equities
694
CNE100000221
Airport Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.5 HKD | +3.31% |
|
+8.23% | +9.17% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 31,602 | 30,897 | 24,936 | 17,798 | 23,093 | 10,597 | 10,597 | - |
| Enterprise Value (EV) 1 | 34,702 | 32,646 | 29,287 | 23,524 | 31,278 | 9,531 | 19,183 | 16,161 |
| P/E ratio | 11.1 x | 12.3 x | -12.4 x | -8.45 x | -6.55 x | -5.63 x | -50.8 x | 12.3 x |
| Yield | 3.64% | 3.6% | - | - | - | - | - | 1.64% |
| Capitalization / Revenue | 2.81 x | 2.86 x | 6.95 x | 5.32 x | 10.4 x | 2.09 x | 1.73 x | 1.42 x |
| EV / Revenue | 3.08 x | 3.02 x | 8.16 x | 7.03 x | 14 x | 2.09 x | 3.13 x | 2.16 x |
| EV / EBITDA | 6.41 x | 6.8 x | -32.6 x | -20 x | -15.6 x | 48.9 x | 11.3 x | 5.74 x |
| EV / FCF | 13.5 x | 10.4 x | -14 x | -16.8 x | -15.8 x | -11.7 x | 17.6 x | 7.04 x |
| FCF Yield | 7.38% | 9.58% | -7.14% | -5.96% | -6.33% | -8.55% | 5.69% | 14.2% |
| Price to Book | 1.35 x | 1.24 x | 1.12 x | 0.88 x | 1.39 x | 0.7 x | 0.72 x | 0.67 x |
| Nbr of stocks (in thousands) | 4,330,890 | 4,579,179 | 4,579,179 | 4,579,179 | 4,579,179 | 4,579,179 | 4,579,179 | - |
| Reference price 2 | 7.297 | 6.747 | 5.445 | 3.887 | 5.043 | 2.314 | 2.314 | 2.314 |
| Announcement Date | 3/27/19 | 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,263 | 10,810 | 3,587 | 3,345 | 2,231 | 4,559 | 6,129 | 7,479 |
| EBITDA 1 | 5,412 | 4,804 | -898.7 | -1,174 | -2,004 | 195.1 | 1,696 | 2,815 |
| EBIT 1 | 4,043 | 3,400 | -2,382 | -2,747 | -3,658 | -1,413 | 407.2 | 1,436 |
| Operating Margin | 35.89% | 31.45% | -66.39% | -82.13% | -163.95% | -30.99% | 6.64% | 19.21% |
| Earnings before Tax (EBT) 1 | 3,829 | 3,229 | -2,710 | -2,820 | -4,002 | -1,719 | -116.3 | 995.8 |
| Net income 1 | 2,872 | 2,419 | -2,035 | -2,117 | -3,527 | -1,697 | -233.9 | 863.1 |
| Net margin | 25.5% | 22.38% | -56.72% | -63.28% | -158.08% | -37.22% | -3.82% | 11.54% |
| EPS 2 | 0.6600 | 0.5500 | -0.4400 | -0.4600 | -0.7700 | -0.3700 | -0.0455 | 0.1888 |
| Free Cash Flow 1 | 2,562 | 3,128 | -2,092 | -1,402 | -1,981 | -1,629 | 1,092 | 2,294 |
| FCF margin | 22.74% | 28.93% | -58.32% | -41.91% | -88.78% | -34.85% | 17.82% | 30.67% |
| FCF Conversion (EBITDA) | 47.33% | 65.11% | - | - | - | - | 64.4% | 81.48% |
| FCF Conversion (Net income) | 89.19% | 129.28% | - | - | - | - | - | 265.77% |
| Dividend per Share 2 | 0.2653 | 0.2427 | - | - | - | - | - | 0.0379 |
| Announcement Date | 3/27/19 | 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 S1 | 2019 S2 | 2020 S1 | 2020 S2 | 2021 Q2 | 2021 S1 | 2021 S2 | 2022 S1 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 5,380 | 5,430 | 1,983 | 1,604 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | 1,791 | 1,572 | - | - | - | - | - | - |
| Operating Margin | 33.3% | 28.94% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | 1,290 | 1,129 | -738 | - | -369.1 | -840.9 | -1,276 | -1,405 |
| Net margin | 23.98% | 20.8% | -37.22% | - | - | - | - | - |
| EPS | 0.2980 | 0.2520 | -0.1610 | -0.2790 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 8/29/19 | 3/26/20 | 8/26/20 | 3/24/21 | 8/25/21 | 8/25/21 | 3/24/22 | 8/30/22 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,100 | 1,749 | 4,352 | 5,726 | 8,185 | 8,461 | 8,586 | 5,564 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.5728 x | 0.3641 x | -4.842 x | -4.875 x | -4.084 x | 11.59 x | 5.064 x | 1.976 x |
| Free Cash Flow 1 | 2,562 | 3,128 | -2,092 | -1,402 | -1,981 | -1,629 | 1,092 | 2,294 |
| ROE (net income / shareholders' equity) | 12.8% | 10% | -8.62% | -9.98% | -19.2% | -8.4% | -1.42% | 5.47% |
| ROA (Net income/ Total Assets) | 8.79% | 6.97% | -5.8% | -6% | -10.3% | -3.71% | -0.23% | 2.73% |
| Assets 1 | 32,668 | 34,721 | 35,080 | 35,287 | 34,315 | 37,949 | 102,824 | 31,640 |
| Book Value Per Share 2 | 5.410 | 5.450 | 4.860 | 4.410 | 3.630 | 3.330 | 3.230 | 3.470 |
| Cash Flow per Share 2 | 1.080 | 0.9000 | -0.2200 | -0.1400 | -0.3300 | -0.1100 | 0.3400 | 0.5100 |
| Capex 1 | 2,129 | 784 | 903 | 571 | 479 | 573 | 517 | 583 |
| Capex / Sales | 18.9% | 7.25% | 25.16% | 17.06% | 21.48% | 12.25% | 8.43% | 7.8% |
| Announcement Date | 3/27/19 | 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
2.314
CNY
Average target price
2.847
CNY
Spread / Average Target
+23.04%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +9.17% | 1.46B | |
| +7.11% | 24.69B | |
| +3.02% | 5.37B | |
| -13.29% | 4.68B | |
| -1.77% | 4.48B | |
| +5.47% | 4.26B | |
| +8.18% | 3.46B | |
| -9.81% | 3.31B | |
| 0.00% | 2.67B | |
| +13.27% | 2.25B |
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