Financials China Aircraft Leasing Group Holdings Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:20 2024-04-26 am EDT			5-day change	1st Jan Change
3.18 ^HKD	+1.27%		+2.58%	-12.15%

Apr. 24	China Aircraft Leasing's 2023 Profit Falls Despite Revenue Growth	MT
Apr. 09	China Aircraft Leasing to Sell 2 Boeing Aircraft	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,615	4,824	4,253	3,223	2,695	2,367	-	-
Enterprise Value (EV) ¹	37,025	37,103	4,253	3,223	2,695	47,295	47,395	2,367
P/E ratio	6.27 x	13.9 x	7.92 x	43.7 x	95.3 x	7.27 x	4.14 x	3.04 x
Yield	8.56%	5.97%	7.17%	6.93%	-	9.43%	11.9%	-
Capitalization / Revenue	1.59 x	1.38 x	1.3 x	0.77 x	0.54 x	0.44 x	0.43 x	0.43 x
EV / Revenue	10.5 x	10.6 x	1.3 x	0.77 x	0.54 x	8.85 x	8.56 x	0.43 x
EV / EBITDA	11.8 x	11.8 x	1.49 x	0.82 x	-	9.54 x	9.42 x	0.47 x
EV / FCF	-7,434,080 x	-45,051,510 x	-	-	-	-	-	-
FCF Yield	-0%	-0%	-	-	-	-	-	-
Price to Book	1.41 x	1.19 x	0.91 x	0.69 x	0.62 x	0.51 x	0.47 x	0.42 x
Nbr of stocks (in thousands)	677,269	720,005	743,535	744,355	744,355	744,355	-	-
Reference price ²	8.290	6.700	5.720	4.330	3.620	3.180	3.180	3.180
Announcement Date	3/4/20	3/15/21	3/16/22	3/14/23	3/19/24	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,523	3,486	3,278	4,171	4,949	5,344	5,538	5,450
EBITDA ¹	3,145	3,137	2,852	3,930	-	4,958	5,030	5,039
EBIT ¹	649.8	2,278	2,031	2,386	2,938	3,224	3,261	3,207
Operating Margin	18.44%	65.34%	61.96%	57.2%	59.37%	60.32%	58.88%	58.85%
Earnings before Tax (EBT) ¹	1,041	433	832.2	523.5	513.7	621.3	877.4	1,062
Net income ¹	896	334.1	525.8	73.6	28.26	325.6	570.4	776.1
Net margin	25.43%	9.59%	16.04%	1.76%	0.57%	6.09%	10.3%	14.24%
EPS ²	1.323	0.4820	0.7220	0.0990	0.0380	0.4375	0.7675	1.045
Free Cash Flow	-4,980	-823.6	-	-	-	-	-	-
FCF margin	-141.36%	-23.63%	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.7100	0.4000	0.4100	0.3000	-	0.3000	0.3800	-
Announcement Date	3/4/20	3/15/21	3/16/22	3/14/23	3/19/24	-	-	-

¹HKD in Million²HKD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	31,411	32,279	-	-	-	44,928	45,028	-
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	9.986 x	10.29 x	-	-	-	9.063 x	8.952 x	-
Free Cash Flow	-4,980	-824	-	-	-	-	-	-
ROE (net income / shareholders' equity)	23.1%	8.5%	12.4%	11.1%	-	7.08%	11.7%	14.2%
ROA (Net income/ Total Assets)	2.11%	0.74%	1.09%	0.14%	-	0.6%	0.97%	1.1%
Assets ¹	42,539	45,021	48,192	52,683	-	54,272	59,008	70,554
Book Value Per Share ²	5.860	5.610	6.280	6.270	5.820	6.280	6.730	7.650
Cash Flow per Share ²	-	-	-	-	-	2.120	2.440	-
Capex ¹	6,991	1,788	5,992	-	-	4,271	4,933	9,019
Capex / Sales	198.41%	51.29%	182.79%	-	-	79.92%	89.07%	165.49%
Announcement Date	3/4/20	3/15/21	3/16/22	3/14/23	3/19/24	-	-	-

¹HKD in Million²HKD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.18 HKD

Average target price

3.933 HKD

Spread / Average Target

+23.69%

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