End-of-day quote
Shenzhen S.E.
06:00:00 2024-04-25 pm EDT
|
5-day change
|
1st Jan Change
|
7.11
CNY
|
-0.84%
|
|
+4.25%
|
+10.58%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
20,036
|
16,755
|
15,012
|
16,119
|
13,186
|
14,581
|
-
|
-
|
Enterprise Value (EV)
1 |
17,453
|
16,660
|
16,430
|
20,454
|
16,971
|
15,754
|
14,464
|
14,581
|
P/E ratio
|
33.7
x
|
596
x
|
-436
x
|
-14.1
x
|
33.2
x
|
33.7
x
|
21.5
x
|
19.5
x
|
Yield
|
0.82%
|
-
|
0.41%
|
-
|
1.56%
|
1.12%
|
1.46%
|
1.89%
|
Capitalization / Revenue
|
5.26
x
|
5.59
x
|
4.54
x
|
6.03
x
|
3.17
x
|
3.06
x
|
2.75
x
|
2.52
x
|
EV / Revenue
|
4.59
x
|
5.56
x
|
4.97
x
|
7.66
x
|
4.07
x
|
3.31
x
|
2.73
x
|
2.52
x
|
EV / EBITDA
|
13.4
x
|
34.6
x
|
33.3
x
|
-43.7
x
|
12.3
x
|
8.75
x
|
6.98
x
|
6.64
x
|
EV / FCF
|
-20.2
x
|
-7.03
x
|
-28.9
x
|
-42.2
x
|
20
x
|
15.8
x
|
10.8
x
|
-
|
FCF Yield
|
-4.94%
|
-14.2%
|
-3.46%
|
-2.37%
|
4.99%
|
6.31%
|
9.27%
|
-
|
Price to Book
|
1.66
x
|
1.41
x
|
1.26
x
|
1.51
x
|
1.19
x
|
1.29
x
|
1.22
x
|
1.17
x
|
Nbr of stocks (in thousands)
|
2,050,770
|
2,050,770
|
2,050,770
|
2,050,770
|
2,050,770
|
2,050,770
|
-
|
-
|
Reference price
2 |
9.770
|
8.170
|
7.320
|
7.860
|
6.430
|
7.110
|
7.110
|
7.110
|
Announcement Date
|
3/27/20
|
4/1/21
|
4/8/22
|
3/30/23
|
4/7/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,807
|
2,997
|
3,306
|
2,671
|
4,165
|
4,765
|
5,307
|
5,783
|
EBITDA
1 |
1,307
|
481.3
|
493.9
|
-467.7
|
1,381
|
1,801
|
2,072
|
2,197
|
EBIT
1 |
855.3
|
58.82
|
-11.33
|
-1,416
|
502
|
632.6
|
897.9
|
1,003
|
Operating Margin
|
22.47%
|
1.96%
|
-0.34%
|
-53.01%
|
12.05%
|
13.28%
|
16.92%
|
17.35%
|
Earnings before Tax (EBT)
1 |
777.1
|
52.77
|
-26.59
|
-1,436
|
533.3
|
563
|
879.4
|
980.5
|
Net income
1 |
593.7
|
28.07
|
-34.44
|
-1,143
|
396.7
|
433.6
|
678.8
|
746.3
|
Net margin
|
15.6%
|
0.94%
|
-1.04%
|
-42.78%
|
9.53%
|
9.1%
|
12.79%
|
12.9%
|
EPS
2 |
0.2895
|
0.0137
|
-0.0168
|
-0.5572
|
0.1934
|
0.2110
|
0.3304
|
0.3644
|
Free Cash Flow
1 |
-862.3
|
-2,370
|
-568.9
|
-484.9
|
847.5
|
994
|
1,341
|
-
|
FCF margin
|
-22.65%
|
-79.09%
|
-17.21%
|
-18.15%
|
20.35%
|
20.86%
|
25.27%
|
-
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
61.38%
|
55.19%
|
64.72%
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
213.64%
|
229.25%
|
197.54%
|
-
|
Dividend per Share
2 |
0.0800
|
-
|
0.0300
|
-
|
0.1000
|
0.0794
|
0.1035
|
0.1344
|
Announcement Date
|
3/27/20
|
4/1/21
|
4/8/22
|
3/30/23
|
4/7/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
---|
Net sales
1 |
-
|
944.4
|
-
|
672.8
|
726.9
|
623.8
|
906.8
|
1,040
|
1,095
|
1,123
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
-13.03
|
-
|
-412.1
|
-346.6
|
-263.2
|
-135.1
|
56.45
|
281.3
|
299.3
|
Operating Margin
|
-
|
-1.38%
|
-
|
-61.25%
|
-47.69%
|
-42.2%
|
-14.9%
|
5.43%
|
25.7%
|
26.66%
|
Earnings before Tax (EBT)
1 |
-
|
-34.49
|
-
|
-413.2
|
-352.3
|
-277.2
|
-135
|
55.98
|
281.6
|
330.7
|
Net income
1 |
-151.3
|
-46.49
|
-298.8
|
-321.7
|
-269.3
|
-252.9
|
-107.9
|
52.77
|
219
|
232.7
|
Net margin
|
-
|
-4.92%
|
-
|
-47.82%
|
-37.04%
|
-40.55%
|
-11.9%
|
5.07%
|
20.01%
|
20.73%
|
EPS
2 |
-
|
-0.0300
|
-0.1457
|
-0.1500
|
-0.1300
|
-0.1300
|
-0.0526
|
0.0200
|
0.1100
|
0.1100
|
Dividend per Share
|
-
|
0.0300
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
8/20/20
|
4/8/22
|
4/28/22
|
8/25/22
|
10/27/22
|
3/30/23
|
4/27/23
|
8/24/23
|
10/26/23
|
4/7/24
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
1,419
|
4,335
|
3,784
|
1,173
|
-
|
-
|
Net Cash position
1 |
2,583
|
94.4
|
-
|
-
|
-
|
-
|
117
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
2.872
x
|
-9.27
x
|
2.741
x
|
0.6515
x
|
-
|
-
|
Free Cash Flow
1 |
-862
|
-2,370
|
-569
|
-485
|
847
|
994
|
1,341
|
-
|
ROE (net income / shareholders' equity)
|
5.02%
|
0.23%
|
-0.29%
|
-10.1%
|
3.63%
|
3.86%
|
5.79%
|
6.13%
|
ROA (Net income/ Total Assets)
|
4.32%
|
0.19%
|
-0.17%
|
-
|
-
|
1.95%
|
2.55%
|
1.1%
|
Assets
1 |
13,737
|
14,545
|
20,721
|
-
|
-
|
22,235
|
26,575
|
67,844
|
Book Value Per Share
2 |
5.880
|
5.810
|
5.800
|
5.210
|
5.420
|
5.510
|
5.830
|
6.060
|
Cash Flow per Share
2 |
0.4700
|
0.2400
|
0.4800
|
0.1500
|
0.5600
|
0.9900
|
0.9400
|
0.9300
|
Capex
1 |
1,826
|
2,871
|
1,559
|
788
|
303
|
452
|
856
|
1,755
|
Capex / Sales
|
47.97%
|
95.82%
|
47.17%
|
29.51%
|
7.29%
|
9.49%
|
16.13%
|
30.35%
|
Announcement Date
|
3/27/20
|
4/1/21
|
4/8/22
|
3/30/23
|
4/7/24
|
-
|
-
|
-
|
Last Close Price
7.11
CNY Average target price
8
CNY Spread / Average Target +12.52% Consensus |
1st Jan change
|
Capi.
|
---|
| +10.58% | 2.01B | | +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 |
Airport Operators
|