Stock 002928 CHINA EXPRESS AIRLINES CO.,LTD
Add to a list
To use this feature you must be a member
Log inSign up

Financials China Express Airlines Co.,LTD

Equities

002928

CNE1000033L8

Airlines

End-of-day quote Shenzhen S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
6.67 CNY +4.06% Intraday chart for China Express Airlines Co.,LTD +23.52% -6.58%
Feb. 21 Huaxia Yunyi International Education Technology Co., Ltd. agreed to acquire China Express Education & Technology Industry Ltd. from China Express Airlines Co.,LTD for CNY600 million. CI
Feb. 20 China Express Airlines to Sell Huaxia Aviation Education Technology Unit for CNY 604.4 Million to Affiliate CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 7,493 7,317 12,822 12,746 17,614 8,495 8,495 -
Enterprise Value (EV) 1 7,493 9,133 13,464 16,767 21,100 13,601 10,602 10,230
P/E ratio 29.8 x 14.9 x 20.9 x -129 x -7.22 x -9.42 x 25.1 x 10 x
Yield 0.69% 0.62% 0.48% - - - 0.35% 0.91%
Capitalization / Revenue 1.76 x 1.35 x 2.71 x 3.21 x 6.66 x 1.77 x 1.15 x 0.89 x
EV / Revenue 1.76 x 1.69 x 2.85 x 4.23 x 7.98 x 2.64 x 1.44 x 1.08 x
EV / EBITDA 13.8 x 9.4 x 11.6 x 134 x -38 x -17.2 x 6.69 x 4.51 x
EV / FCF - - - - -604,046,132 x - - -
FCF Yield - - - - -0% - - -
Price to Book - 2.63 x 3.26 x 3.52 x 4.36 x 2.96 x 2.5 x 1.99 x
Nbr of stocks (in thousands) 901,125 901,125 1,013,568 1,011,615 1,273,611 1,273,611 1,273,611 -
Reference price 2 8.316 8.120 12.65 12.60 13.83 6.670 6.670 6.670
Announcement Date 2/27/19 2/27/20 4/14/21 3/30/22 4/28/23 4/23/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 4,260 5,407 4,728 3,967 2,643 5,151 7,362 9,510
EBITDA 1 541.9 972 1,162 124.7 -555 -791.1 1,586 2,267
EBIT 1 - 543.1 699 -114.8 -2,341 -1,078 424.1 1,054
Operating Margin - 10.04% 14.78% -2.89% -88.57% -20.92% 5.76% 11.08%
Earnings before Tax (EBT) 1 - 583.8 721.8 -111.6 -2,345 -1,100 376.6 978
Net income 1 - 502.2 612.9 -98.71 -1,974 -965 322.4 832.7
Net margin - 9.29% 12.96% -2.49% -74.69% -18.73% 4.38% 8.76%
EPS 2 0.2793 0.5460 0.6047 -0.0975 -1.915 -0.7577 0.2660 0.6664
Free Cash Flow - - - - -34.93 - - -
FCF margin - - - - -1.32% - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0578 0.0507 0.0610 - - - 0.0231 0.0608
Announcement Date 2/27/19 2/27/20 4/14/21 3/30/22 4/28/23 4/23/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 S1 2022 Q1 2023 Q1 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - - - 1,045 1,300 1,930 2,096 2,497 1,982
EBITDA - - - - - - - - -
EBIT - - - - - - - - -
Operating Margin - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - -
Net income 59.68 11.66 -453.8 -275.9 - - - - -
Net margin - - - -26.41% - - - - -
EPS - - - - - - - - -
Dividend per Share - - - - - - - - -
Announcement Date 8/26/21 8/26/21 4/28/22 4/28/23 4/23/24 - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - 1,815 642 4,021 3,486 4,508 2,107 1,735
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 1.868 x 0.5528 x 32.24 x -6.281 x -5.698 x 1.328 x 0.7654 x
Free Cash Flow - - - - -34.9 - - -
ROE (net income / shareholders' equity) - 21.2% 18.3% -2.61% -69.7% -27% 9.6% 18.9%
ROA (Net income/ Total Assets) - - 5.75% -0.71% -11.7% -4.68% 1.63% 3.03%
Assets 1 - - 10,652 13,864 16,851 18,046 19,741 27,526
Book Value Per Share 2 - 3.090 3.880 3.580 3.170 2.420 2.670 3.350
Cash Flow per Share 2 - 1.170 0.9900 0.9000 0.2500 1.030 1.180 1.310
Capex 1 1,394 1,079 756 1,808 352 541 1,039 1,109
Capex / Sales 32.72% 19.95% 15.99% 45.57% 13.3% 10.5% 14.11% 11.66%
Announcement Date 2/27/19 2/27/20 4/14/21 3/30/22 4/28/23 4/23/24 - -
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

Ratings for China Express Airlines Co.,LTD

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
6.67 CNY
Average target price
8.124 CNY
Spread / Average Target
+21.80%
Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Regional Airlines

1st Jan change Capi.
CHINA EXPRESS AIRLINES CO.,LTD Stock China Express Airlines Co.,LTD
-6.58% 1.17B
SOUTHWEST AIRLINES CO. Stock Southwest Airlines Co.
-6.41% 16.17B
JUNEYAO AIRLINES CO., LTD Stock Juneyao Airlines Co., Ltd
+4.42% 3.81B
EXCHANGE INCOME CORPORATION Stock Exchange Income Corporation
+4.04% 1.62B
VIETNAM AIRLINES Stock Vietnam Airlines
+40.82% 1.51B
FRONTIER GROUP HOLDINGS, INC. Stock Frontier Group Holdings, Inc.
+12.09% 1.37B
AEGEAN AIRLINES S.A. Stock AEGEAN Airlines S.A.
+7.05% 1.17B
ALLEGIANT TRAVEL COMPANY Stock Allegiant Travel Company
-30.95% 1.01B
CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. Stock Controladora Vuela Compañía de Aviación, S.A.B. de C.V.
-8.25% 984M
SPICEJET LIMITED Stock SpiceJet Limited
+3.18% 582M
Regional Airlines
  1. Stock Market
  2. Equities
  3. 002928 Stock
  4. Financials China Express Airlines Co.,LTD