Financials Hainan Airport Infrastructure Co., Ltd

Equities

600515

CNE000001C32

Real Estate Development & Operations

End-of-day quote Shanghai S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
3.57 CNY +0.28% Intraday chart for Hainan Airport Infrastructure Co., Ltd +5.31% -3.51%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,376 51,757 57,355 42,274 40,788 - -
Enterprise Value (EV) 1 26,376 51,757 57,355 42,274 40,788 40,788 40,788
P/E ratio -3.41 x 112 x 30.9 x 44.4 x 32.5 x 25.5 x 23.8 x
Yield - - - - 0.84% 1.12% 1.12%
Capitalization / Revenue - - 12.2 x 6.25 x 5.47 x 5.28 x 4.58 x
EV / Revenue - - 12.2 x 6.25 x 5.47 x 5.28 x 4.58 x
EV / EBITDA - - 137 x 20.9 x 13.6 x 13.9 x 11.3 x
EV / FCF - - -15.8 x -38 x 66.3 x 77.7 x 53.7 x
FCF Yield - - -6.33% -2.63% 1.51% 1.29% 1.86%
Price to Book - - 2.56 x 1.83 x 1.68 x 1.57 x 1.5 x
Nbr of stocks (in thousands) 5,861,389 11,425,310 11,425,310 11,425,310 11,425,310 - -
Reference price 2 4.500 4.530 5.020 3.700 3.570 3.570 3.570
Announcement Date 4/29/21 4/28/22 4/20/23 4/18/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - - 4,701 6,762 7,457 7,726 8,902
EBITDA 1 - - 417.3 2,019 3,007 2,934 3,601
EBIT 1 - - -17 1,521 1,832 2,316 2,394
Operating Margin - - -0.36% 22.49% 24.57% 29.97% 26.89%
Earnings before Tax (EBT) 1 - - 2,039 1,487 1,844 2,327 2,411
Net income 1 -7,737 463.3 1,856 952.8 1,293 1,629 1,718
Net margin - - 39.49% 14.09% 17.34% 21.09% 19.3%
EPS 2 -1.320 0.0405 0.1625 0.0834 0.1100 0.1400 0.1500
Free Cash Flow 1 - - -3,629 -1,112 615 525 760
FCF margin - - -77.2% -16.45% 8.25% 6.79% 8.54%
FCF Conversion (EBITDA) - - - - 20.45% 17.9% 21.11%
FCF Conversion (Net income) - - - - 47.56% 32.22% 44.24%
Dividend per Share 2 - - - - 0.0300 0.0400 0.0400
Announcement Date 4/29/21 4/28/22 4/20/23 4/18/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - -3,629 -1,112 615 525 760
ROE (net income / shareholders' equity) - - 8.71% 4.11% 5.34% 6.25% 6.3%
ROA (Net income/ Total Assets) - - - - 2.44% 2.85% 3.18%
Assets 1 - - - - 52,992 57,166 54,025
Book Value Per Share 2 - - 1.960 2.020 2.130 2.280 2.380
Cash Flow per Share 2 - - -0.2800 0.0500 0.3500 -0.0600 0.2700
Capex 1 - - 482 1,658 738 682 754
Capex / Sales - - 10.26% 24.53% 9.89% 8.82% 8.46%
Announcement Date 4/29/21 4/28/22 4/20/23 4/18/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
3.57
Average target price
-
Consensus

Annual profits - Rate of surprise

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