Stock 2610 CHINA AIRLINES, LTD.
Add to a list
To use this feature you must be a member
Log inSign up

Financials China Airlines, Ltd.

Equities

2610

TW0002610003

Airlines

End-of-day quote Taiwan S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
21.5 TWD +5.39% Intraday chart for China Airlines, Ltd. +10.54% -0.69%
Mar. 29 China Airlines, Ltd. Announces the Sale of Five 747-400F Aircraft CI
Mar. 08 China Airlines, Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 49,088 65,298 158,093 114,218 130,962 130,059 -
Enterprise Value (EV) 1 118,370 156,172 209,615 114,218 130,962 173,730 167,182
P/E ratio -41.2 x 402 x 17.9 x 39.6 x 19.2 x 26.5 x 39.8 x
Yield - - 3.01% - - 2.07% 1.16%
Capitalization / Revenue 0.29 x 0.57 x 1.14 x 0.76 x 0.71 x 0.7 x 0.7 x
EV / Revenue 0.7 x 1.36 x 1.51 x 0.76 x 0.71 x 0.94 x 0.9 x
EV / EBITDA 3.34 x 4.65 x 4.67 x 3.47 x 3.21 x 4.85 x 4.94 x
EV / FCF 6.38 x -53.5 x 5.96 x - - 6.55 x 6.81 x
FCF Yield 15.7% -1.87% 16.8% - - 15.3% 14.7%
Price to Book 0.89 x 1.13 x 2.21 x - - 1.59 x 1.62 x
Nbr of stocks (in thousands) 5,418,096 5,418,910 5,738,409 6,011,462 6,049,038 6,049,266 -
Reference price 2 9.060 12.05 27.55 19.00 21.65 21.50 21.50
Announcement Date 3/17/20 3/17/21 3/15/22 3/16/23 3/15/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 168,444 115,251 138,841 150,722 184,817 184,668 186,270
EBITDA 1 35,465 33,559 44,918 32,912 40,814 35,798 33,852
EBIT 1 2,666 2,184 14,968 2,585 10,157 7,376 5,256
Operating Margin 1.58% 1.9% 10.78% 1.71% 5.5% 3.99% 2.82%
Earnings before Tax (EBT) 1 -96.82 -653.8 11,127 2,661 9,305 8,078 3,823
Net income 1 -1,200 140 9,380 2,860 6,819 4,969 3,279
Net margin -0.71% 0.12% 6.76% 1.9% 3.69% 2.69% 1.76%
EPS 2 -0.2200 0.0300 1.540 0.4800 1.130 0.8112 0.5408
Free Cash Flow 1 18,552 -2,922 35,159 - - 26,506 24,549
FCF margin 11.01% -2.53% 25.32% - - 14.35% 13.18%
FCF Conversion (EBITDA) 52.31% - 78.27% - - 74.04% 72.52%
FCF Conversion (Net income) - - 374.83% - - 533.4% 748.63%
Dividend per Share 2 - - 0.8300 - - 0.4460 0.2501
Announcement Date 3/17/20 3/17/21 3/15/22 3/16/23 3/15/24 - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 34,474 47,167 37,233 36,852 37,698 38,939 42,692 47,193 47,682 47,250 47,274 47,202 48,243 48,458 47,248
EBITDA 1 11,127 17,501 11,033 8,441 - 6,110 9,654 12,637 10,145 8,378 9,944 9,156 9,638 11,400 -
EBIT 1 3,985 10,246 3,626 960.2 -337.2 -1,664 1,826 4,767 2,481 1,084 2,624 1,566 2,018 2,566 1,628
Operating Margin 11.56% 21.72% 9.74% 2.61% -0.89% -4.27% 4.28% 10.1% 5.2% 2.29% 5.55% 3.32% 4.18% 5.3% 3.45%
Earnings before Tax (EBT) 1 3,152 9,857 3,552 427.7 -138.2 -1,181 1,306 4,210 3,139 227.5 2,430 1,395 1,854 2,398 1,398
Net income 1 2,917 7,825 3,072 420.2 126 -758.9 1,306 3,294 2,297 -79.02 1,820 972.5 1,286 1,780 1,300
Net margin 8.46% 16.59% 8.25% 1.14% 0.33% -1.95% 3.06% 6.98% 4.82% -0.17% 3.85% 2.06% 2.67% 3.67% 2.75%
EPS 2 0.4800 1.280 0.5000 0.0700 0.0200 -0.1200 0.2100 0.5500 0.3800 -0.0200 0.3000 0.1650 0.2150 0.2950 0.2100
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/4/21 3/15/22 5/9/22 8/9/22 11/9/22 3/16/23 5/10/23 8/9/23 11/8/23 3/15/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 69,282 90,874 51,521 - - 43,671 37,123
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 1.954 x 2.708 x 1.147 x - - 1.22 x 1.097 x
Free Cash Flow 1 18,552 -2,922 35,159 - - 26,506 24,549
ROE (net income / shareholders' equity) -2.11% 0.25% 14.3% - - 6.7% 3.64%
ROA (Net income/ Total Assets) -0.46% 0.05% 3.24% - - 1.86% 0.9%
Assets 1 261,593 285,714 289,459 - - 267,163 366,390
Book Value Per Share 2 10.20 10.60 12.50 - - 13.50 13.30
Cash Flow per Share 2 6.880 2.080 8.120 - - 6.540 6.240
Capex 1 18,975 12,645 14,131 - - 21,500 19,500
Capex / Sales 11.26% 10.97% 10.18% - - 11.64% 10.47%
Announcement Date 3/17/20 3/17/21 3/15/22 3/16/23 3/15/24 - -
1TWD in Million2TWD
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 Airlines, Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
6
Last Close Price
21.5 TWD
Average target price
18.5 TWD
Spread / Average Target
-13.95%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Airlines

1st Jan change Capi.
CHINA AIRLINES, LTD. Stock China Airlines, Ltd.
-0.69% 3.99B
DELTA AIR LINES, INC. Stock Delta Air Lines, Inc.
+24.09% 32.21B
RYANAIR HOLDINGS PLC Stock Ryanair Holdings plc
+6.68% 24.77B
SINGAPORE AIRLINES LIMITED Stock Singapore Airlines Limited
-0.30% 19.86B
INTERGLOBE AVIATION LIMITED Stock InterGlobe Aviation Limited
+32.63% 18.21B
UNITED AIRLINES HOLDINGS, INC. Stock United Airlines Holdings, Inc.
+28.07% 17.37B
AIR CHINA LIMITED Stock Air China Limited
-16.19% 14.84B
TÜRK HAVA YOLLARI ANONIM ORTAKLIGI Stock Türk Hava Yollari Anonim Ortakligi
+38.67% 13.47B
CHINA SOUTHERN AIRLINES COMPANY LIMITED Stock China Southern Airlines Company Limited
-14.20% 12.32B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. Stock International Consolidated Airlines Group, S.A.
+13.74% 10.8B
Other Airlines
  1. Stock Market
  2. Equities
  3. 2610 Stock
  4. Financials China Airlines, Ltd.