Valuation China Southern Airlines Company Limited Hong Kong S.E.

Equities

Delayed Hong Kong S.E. Other stock markets 02:05:21 2026-01-16 am EST			5-day change	1st Jan Change
5.600 ^HKD	-0.53%		-4.27%	-3.78%

Jan. 15	China Southern Airlines Company Limited Reports Operating Results for the Month and Year to Date Ended December 2025	CI
Jan. 15	China Southern Airlines' Passenger Capacity Jumps 12% in December	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	82,514	104,399	123,293	91,580	105,270	124,974	124,974	-
Change	-	26.52%	18.1%	-25.72%	14.95%	18.72%	0%	-
Enterprise Value (EV) ¹	144,949	175,018	305,301	252,772	315,642	333,501	329,431	323,093
Change	-	20.74%	74.44%	-17.21%	24.87%	5.66%	-1.22%	-1.92%
P/E ratio	-7.74x	-9.08x	-4x	-25x	-72.1x	147x	22.1x	17.8x
PBR	1.32x	1.71x	3.35x	2.84x	3.39x	3.86x	3.22x	2.69x
PEG	-	3.5x	-0x	0.3x	1.2x	-1x	0x	0.7x
Capitalization / Revenue	0.89x	1.03x	1.42x	0.57x	0.6x	0.71x	0.67x	0.64x
EV / Revenue	1.57x	1.72x	3.51x	1.58x	1.81x	1.9x	1.76x	1.65x
EV / EBITDA	16.2x	14.5x	-87.5x	9.05x	8.61x	8.92x	7.89x	7.11x
EV / EBIT	-9.27x	-12.2x	-10.8x	288x	37.9x	69.3x	36.8x	28.4x
EV / FCF	173x	-63x	-37.1x	11.1x	33x	36.2x	17.6x	38.3x
FCF Yield	0.58%	-1.59%	-2.7%	9%	3.03%	2.76%	5.69%	2.61%
Dividend per Share ²	-	-	-	-	-	0.00137	0.0327	0.0346
Rate of return	-	-	-	-	-	0.02%	0.43%	0.46%
EPS ²	-0.77	-0.75	-1.9	-0.23	-0.09	0.0512	0.3405	0.4228
Distribution rate	-	-	-	-	-	2.68%	9.59%	8.19%
Net sales ¹	92,561	101,644	87,059	159,929	174,224	175,343	187,639	196,376
EBITDA ¹	8,940	12,051	-3,488	27,919	36,668	37,386	41,756	45,461
EBIT ¹	-15,641	-14,302	-28,203	877	8,327	4,811	8,960	11,396
Net income ¹	-10,842	-12,103	-32,699	-4,140	-1,769	1,187	6,132	7,498
Net Debt ¹	62,435	70,619	182,008	161,192	210,372	208,527	204,457	198,119
Reference price ²	5.960	6.810	7.600	5.760	6.490	7.540	7.540	7.540
Nbr of stocks (in thousands)	15,329,302	16,948,417	18,120,890	18,120,906	18,120,912	18,120,922	18,120,922	-
Announcement Date	3/30/21	3/30/22	3/28/23	3/27/24	3/26/25	-	-	-

¹CNY in Million²CNY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
DELTA AIR LINES, INC.	9.72x	1x	7.26x	0.97%	46.27B
UNITED AIRLINES HOLDINGS, INC.	11.61x	0.97x	7.04x	-.--%	37.56B
RYANAIR HOLDINGS PLC	13.79x	1.84x	7.56x	1.61%	35.3B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	7x	0.86x	3.79x	2.34%	25.11B
INTERGLOBE AVIATION LIMITED	33.45x	2.4x	10.99x	0.2%	20.25B
AIR CHINA LIMITED	154.1x	1.88x	9.78x	0.2%	19.71B
CHINA EASTERN AIRLINES CORPORATION LIMITED	153.34x	2.17x	9.78x	0.05%	17.62B
LATAM AIRLINES GROUP S.A.	12.17x	1.59x	5.64x	4.24%	17.38B
SINGAPORE AIRLINES LIMITED	22.52x	1.33x	6.42x	3.28%	15.54B
Average	46.41x	1.56x	7.59x	1.43%	26.08B
Weighted average by Cap.	36.32x	1.45x	7.45x	1.25%