CHINA SOUTHERN AIRLINES COMPANY LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.870 HKD | +2.38% |
|
-2.27% | -5.15% |
| Jan. 24 | China Southern Airlines Company Limited Provides Earnings Guidance for the Year Ended 31 December 2024 | CI |
| Jan. 15 | China Southern Airlines' Passenger Capacity Rises 3% in December 2024 | MT |
Company Valuation: China Southern Airlines Company Limited
Data adjusted to current consolidation scope
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 78,928 | 82,514 | 104,399 | 123,293 | 91,580 | 101,217 | 101,217 | - |
| Change | - | 4.54% | 26.52% | 18.1% | -25.72% | 10.52% | 0% | - |
| Enterprise Value (EV) 1 | 262,333 | 220,394 | 256,962 | 232,338 | 252,772 | 293,977 | 290,089 | 281,019 |
| Change | - | -15.99% | 16.59% | -9.58% | 8.8% | 16.3% | -1.32% | -3.13% |
| P/E ratio | 21.3x | -5.05x | -5.07x | -2.37x | -13.1x | 185x | 13.2x | 8.28x |
| PBR | 0.9x | 0.86x | 0.91x | 1.87x | 1.48x | 1.67x | 1.47x | 1.23x |
| PEG | - | 0x | 1.95x | -0x | 0.1x | -2x | 0x | 0.1x |
| Capitalization / Revenue | 0.51x | 0.89x | 1.03x | 1.42x | 0.57x | 0.57x | 0.52x | 0.5x |
| EV / Revenue | 1.7x | 2.38x | 2.53x | 2.67x | 1.58x | 1.65x | 1.5x | 1.39x |
| EV / EBITDA | 7.49x | 24.7x | 21.2x | -10.2x | 29.1x | 8.67x | 7.62x | 6.15x |
| EV / EBIT | 81.9x | -13.3x | -17.5x | -7.22x | -118x | 50.6x | 38.2x | 17.7x |
| EV / FCF | 16.9x | -110x | -92.6x | -67.7x | 11.1x | 12.4x | 27.8x | 12.6x |
| FCF Yield | 5.93% | -0.91% | -1.08% | -1.48% | 9% | 8.05% | 3.6% | 7.93% |
| Dividend per Share 2 | - | - | - | - | - | - | 0.0108 | 0.0158 |
| Rate of return | - | - | - | - | - | - | 0.3% | 0.44% |
| EPS 2 | 0.22 | -0.77 | -0.75 | -1.9 | -0.23 | 0.0195 | 0.2731 | 0.4346 |
| Distribution rate | - | - | - | - | - | - | 3.97% | 3.64% |
| Net sales 1 | 154,322 | 92,561 | 101,644 | 87,059 | 159,929 | 178,645 | 192,804 | 201,757 |
| EBITDA 1 | 35,033 | 8,940 | 12,142 | -22,852 | 8,674 | 33,907 | 38,073 | 45,729 |
| EBIT 1 | 3,202 | -16,550 | -14,696 | -32,199 | -2,142 | 5,806 | 7,597 | 15,905 |
| Net income 1 | 2,651 | -10,847 | -12,106 | -32,682 | -4,209 | 278.4 | 5,325 | 8,625 |
| Net Debt 1 | 183,405 | 137,880 | 152,563 | 109,045 | 161,192 | 192,760 | 188,871 | 179,801 |
| Reference price 2 | 4.684 | 3.890 | 3.805 | 4.494 | 3.005 | 3.600 | 3.600 | 3.600 |
| Nbr of stocks (in thousands) | 12,267,172 | 15,329,302 | 16,948,417 | 18,120,890 | 18,120,906 | 18,120,912 | 18,120,912 | - |
| Announcement Date | 3/30/20 | 3/30/21 | 3/30/22 | 3/28/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
P/E ratio, Detailed evolution
| P/E ratio | EV / Sales | EV / EBITDA | Yield | Capi. ($) | ||
|---|---|---|---|---|---|---|
| 184.51x | 1.65x | 8.67x | -.--% | 13.97B | ||
| 11.17x | 1.02x | 6.98x | +0.69% | 43.07B | ||
| 11.01x | 0.92x | 6.42x | -.--% | 34.53B | ||
| 14.08x | 1.43x | 7x | +1.94% | 22.39B | ||
| 7.34x | 0.83x | 4.18x | +2.00% | 19.76B | ||
| 19.53x | 2.14x | 9.82x | +0.44% | 18.66B | ||
| 119.05x | 1.82x | 9.38x | +0.03% | 16.17B | ||
| 7.93x | 1.18x | 5.37x | +4.69% | 13.95B | ||
| 4.2x | 0.91x | 3.86x | +0.93% | 11.95B | ||
| -43.07x | 2x | 9.4x | -.--% | 10.89B | ||
| Average | 33.57x | 1.39x | 7.11x | +1.07% | 20.53B | |
| Weighted average by Cap. | 28.64x | 1.30x | 7.02x | +0.96% |
Year-on-year evolution of the PER
Historical PBR trend
Evolution Enterprise Value / Sales
Change in Enterprise Value/EBITDA
Year-on-year evolution of the Yield
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- Valuation China Southern Airlines Company Limited