BEIJING CAPITAL INTERNATIONAL AIRPORT COMPANY LIMITED Financials Beijing Capital International Airport Company Limited
Equities
694
CNE100000221
Airport Services
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.75 HKD | +2.23% |
|
-3.17% | +20.09% |
| May. 03 | Beijing Capital International Renews Airport Terminal Usage Deal with Lounge Provider | MT |
| May. 02 | Beijing Capital Airport Forecasts Flights To Surge During May Day Holiday | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 30,897 | 24,936 | 17,798 | 23,093 | 9,531 | 11,397 | - | - |
| Enterprise Value (EV) 1 | 32,646 | 29,287 | 23,524 | 31,278 | 9,531 | 19,942 | 17,769 | 16,581 |
| P/E ratio | 12.3 x | -12.4 x | -8.45 x | -6.55 x | -5.63 x | -66.8 x | 15.3 x | 10.3 x |
| Yield | 3.6% | - | - | - | - | - | 1.52% | 3.93% |
| Capitalization / Revenue | 2.86 x | 6.95 x | 5.32 x | 10.4 x | 2.09 x | 1.84 x | 1.55 x | 1.4 x |
| EV / Revenue | 3.02 x | 8.16 x | 7.03 x | 14 x | 2.09 x | 3.23 x | 2.41 x | 2.04 x |
| EV / EBITDA | 6.8 x | -32.6 x | -20 x | -15.6 x | 48.9 x | 11.5 x | 6.63 x | 5.33 x |
| EV / FCF | 10.4 x | -14 x | -16.8 x | -15.8 x | - | 18.3 x | 7.88 x | 7.84 x |
| FCF Yield | 9.58% | -7.14% | -5.96% | -6.33% | - | 5.48% | 12.7% | 12.7% |
| Price to Book | 1.24 x | 1.12 x | 0.88 x | 1.39 x | - | 0.77 x | 0.73 x | 0.68 x |
| Nbr of stocks (in thousands) | 4,579,179 | 4,579,179 | 4,579,179 | 4,579,179 | 4,579,179 | 4,579,179 | - | - |
| Reference price 2 | 6.747 | 5.445 | 3.887 | 5.043 | 2.081 | 2.489 | 2.489 | 2.489 |
| Announcement Date | 3/26/20 | 3/24/21 | 3/24/22 | 3/30/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,810 | 3,587 | 3,345 | 2,231 | 4,559 | 6,178 | 7,365 | 8,125 |
| EBITDA 1 | 4,804 | -898.7 | -1,174 | -2,004 | 195.1 | 1,740 | 2,681 | 3,113 |
| EBIT 1 | 3,400 | -2,382 | -2,747 | -3,658 | -1,413 | 419.7 | 1,260 | 1,760 |
| Operating Margin | 31.45% | -66.39% | -82.13% | -163.95% | -30.99% | 6.79% | 17.11% | 21.67% |
| Earnings before Tax (EBT) 1 | 3,229 | -2,710 | -2,820 | -4,002 | -1,719 | -69.07 | 794.1 | 1,282 |
| Net income 1 | 2,419 | -2,035 | -2,117 | -3,527 | -1,697 | -181.4 | 724.9 | 1,005 |
| Net margin | 22.38% | -56.72% | -63.28% | -158.08% | -37.22% | -2.94% | 9.84% | 12.38% |
| EPS 2 | 0.5500 | -0.4400 | -0.4600 | -0.7700 | -0.3700 | -0.0372 | 0.1624 | 0.2411 |
| Free Cash Flow 1 | 3,128 | -2,092 | -1,402 | -1,981 | - | 1,092 | 2,255 | 2,114 |
| FCF margin | 28.93% | -58.32% | -41.91% | -88.78% | - | 17.68% | 30.62% | 26.02% |
| FCF Conversion (EBITDA) | 65.11% | - | - | - | - | 62.77% | 84.11% | 67.9% |
| FCF Conversion (Net income) | 129.28% | - | - | - | - | - | 311.1% | 210.25% |
| Dividend per Share 2 | 0.2427 | - | - | - | - | - | 0.0379 | 0.0977 |
| Announcement Date | 3/26/20 | 3/24/21 | 3/24/22 | 3/30/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 |
|---|---|---|---|---|---|---|
| Net sales | 5,430 | 1,983 | 1,604 | - | - | - |
| EBITDA | - | - | - | - | - | - |
| EBIT | 1,572 | - | - | - | - | - |
| Operating Margin | 28.94% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | 1,129 | -738 | - | -840.9 | -1,276 | -1,405 |
| Net margin | 20.8% | -37.22% | - | - | - | - |
| EPS | 0.2520 | -0.1610 | -0.2790 | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/26/20 | 8/26/20 | 3/24/21 | 8/25/21 | 3/24/22 | 8/30/22 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,749 | 4,352 | 5,726 | 8,185 | - | 8,544 | 6,372 | 5,183 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3641 x | -4.842 x | -4.875 x | -4.084 x | - | 4.912 x | 2.377 x | 1.665 x |
| Free Cash Flow 1 | 3,128 | -2,092 | -1,402 | -1,981 | - | 1,092 | 2,255 | 2,114 |
| ROE (net income / shareholders' equity) | 10% | -8.62% | -9.98% | -19.2% | - | -1.16% | 4.85% | 6.85% |
| ROA (Net income/ Total Assets) | 6.97% | -5.8% | -6% | -10.3% | - | -0.1% | 2.1% | 3.3% |
| Assets 1 | 34,721 | 35,080 | 35,287 | 34,315 | - | 183,635 | 34,448 | 30,452 |
| Book Value Per Share 2 | 5.450 | 4.860 | 4.410 | 3.630 | - | 3.240 | 3.400 | 3.640 |
| Cash Flow per Share 2 | 0.9000 | -0.2200 | -0.1400 | -0.3300 | - | 0.3400 | 0.5100 | 0.7100 |
| Capex 1 | 784 | 903 | 571 | 479 | - | 537 | 597 | 480 |
| Capex / Sales | 7.25% | 25.16% | 17.06% | 21.48% | - | 8.7% | 8.11% | 5.91% |
| Announcement Date | 3/26/20 | 3/24/21 | 3/24/22 | 3/30/23 | 3/27/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
2.489
CNY
Average target price
2.764
CNY
Spread / Average Target
+11.07%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +20.09% | 1.62B | |
| +10.46% | 26.31B | |
| +4.31% | 5.55B | |
| -3.73% | 4.47B | |
| +1.51% | 4.23B | |
| +3.99% | 3.35B | |
| -17.73% | 3.06B | |
| 0.00% | 2.72B | |
| +14.67% | 2.31B | |
| +9.33% | 2.01B |
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