HAINAN MEILAN INTERNATIONAL AIRPORT COMPANY LIMITED Financials Hainan Meilan International Airport Company Limited
Equities
357
CNE1000003B2
Airport Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.56 HKD | +2.02% |
|
+7.08% | +9.09% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,339 | 16,369 | 9,273 | 9,926 | 2,981 | 3,312 | - | - |
| Enterprise Value (EV) 1 | 2,339 | 16,544 | 9,126 | 12,703 | 2,981 | 7,684 | 7,924 | 8,190 |
| P/E ratio | 4.05 x | -12.2 x | 12.1 x | -63.6 x | -21.7 x | 21.5 x | 7.57 x | 6.09 x |
| Yield | - | - | - | - | - | - | 0.71% | 1.36% |
| Capitalization / Revenue | - | 12 x | 5.78 x | 8.7 x | 1.43 x | 1.3 x | 1.13 x | 1.04 x |
| EV / Revenue | - | 12.1 x | 5.68 x | 11.1 x | 1.43 x | 3.03 x | 2.71 x | 2.57 x |
| EV / EBITDA | - | -14.9 x | 11.3 x | 48.6 x | - | 6.87 x | 5.83 x | 5.29 x |
| EV / FCF | - | -18.9 x | 17.9 x | 195 x | - | 2.8 x | 2.48 x | 1.91 x |
| FCF Yield | - | -5.3% | 5.6% | 0.51% | - | 35.7% | 40.3% | 52.4% |
| Price to Book | - | 4.34 x | 2.05 x | 2.25 x | - | 0.75 x | 0.68 x | 0.63 x |
| Nbr of stocks (in thousands) | 473,213 | 473,213 | 473,213 | 473,213 | 473,213 | 473,213 | - | - |
| Reference price 2 | 4.942 | 34.59 | 19.60 | 20.98 | 6.299 | 6.998 | 6.998 | 6.998 |
| Announcement Date | 3/30/20 | 4/28/21 | 3/25/22 | 3/28/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,370 | 1,606 | 1,141 | 2,086 | 2,538 | 2,926 | 3,181 |
| EBITDA 1 | - | -1,110 | 806.7 | 261.6 | - | 1,119 | 1,360 | 1,548 |
| EBIT 1 | - | -1,302 | 585.6 | -137.5 | -145.3 | 186.7 | 402.3 | 626.6 |
| Operating Margin | - | -95.09% | 36.47% | -12.05% | -6.96% | 7.36% | 13.75% | 19.7% |
| Earnings before Tax (EBT) 1 | - | -1,302 | 717.9 | -236.5 | -208.7 | 195.7 | 564.4 | 679 |
| Net income 1 | 575.4 | -1,340 | 765.1 | -155.3 | -136 | 155 | 438.2 | 545.6 |
| Net margin | - | -97.87% | 47.65% | -13.61% | -6.52% | 6.11% | 14.98% | 17.15% |
| EPS 2 | 1.220 | -2.830 | 1.620 | -0.3300 | -0.2900 | 0.3250 | 0.9250 | 1.150 |
| Free Cash Flow 1 | - | -876 | 511.1 | 65.12 | - | 2,746 | 3,196 | 4,291 |
| FCF margin | - | -63.97% | 31.83% | 5.71% | - | 108.19% | 109.23% | 134.89% |
| FCF Conversion (EBITDA) | - | - | 63.37% | 24.89% | - | 245.36% | 235.02% | 277.19% |
| FCF Conversion (Net income) | - | - | 66.81% | - | - | 1,771.4% | 729.31% | 786.52% |
| Dividend per Share 2 | - | - | - | - | - | - | 0.0500 | 0.0950 |
| Announcement Date | 3/30/20 | 4/28/21 | 3/25/22 | 3/28/23 | 3/28/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 608.5 | 761 | 622.6 | 518.8 | 1,066 | 1,020 | 1,243 | 1,243 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | - | -1,416 | 58.1 | -168.1 | - | -163 | 116.4 | 116.4 |
| Operating Margin | - | -186.01% | 9.33% | -32.4% | - | -15.98% | 9.36% | 9.36% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | - | - | -11.79 | -143.5 | - | - | - | - |
| Net margin | - | - | -1.89% | -27.66% | - | - | - | - |
| EPS | - | -3.000 | -0.0200 | -0.3100 | -0.1100 | -0.1800 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 9/10/20 | 4/28/21 | 8/26/22 | 3/28/23 | 9/12/23 | 3/28/24 | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 174 | - | 2,777 | - | 4,373 | 4,612 | 4,879 |
| Net Cash position 1 | - | - | 147 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | -0.1569 x | - | 10.62 x | - | 3.907 x | 3.391 x | 3.151 x |
| Free Cash Flow 1 | - | -876 | 511 | 65.1 | - | 2,746 | 3,196 | 4,291 |
| ROE (net income / shareholders' equity) | - | -30.2% | 18.4% | -3.47% | - | 3.63% | 9.35% | 10.6% |
| ROA (Net income/ Total Assets) | - | -11.9% | 6.89% | -1.43% | - | 1.7% | 4.34% | 3.92% |
| Assets 1 | - | 11,267 | 11,106 | 10,887 | - | 9,137 | 10,105 | 13,917 |
| Book Value Per Share 2 | - | 7.960 | 9.580 | 9.320 | - | 9.380 | 10.30 | 11.20 |
| Cash Flow per Share | - | 0.9800 | 1.750 | 0.3700 | - | - | - | - |
| Capex 1 | - | 1,340 | 317 | 109 | - | 545 | 3,692 | 3,713 |
| Capex / Sales | - | 97.84% | 19.74% | 9.54% | - | 21.48% | 126.18% | 116.72% |
| Announcement Date | 3/30/20 | 4/28/21 | 3/25/22 | 3/28/23 | 3/28/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
6.998
CNY
Average target price
8.783
CNY
Spread / Average Target
+25.50%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.09% | 457M | |
| +7.11% | 24.69B | |
| +3.02% | 5.37B | |
| -1.77% | 4.48B | |
| +5.47% | 4.26B | |
| +8.18% | 3.46B | |
| -9.81% | 3.31B | |
| 0.00% | 2.67B | |
| +13.27% | 2.25B | |
| +10.58% | 2.01B |
- Stock Market
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- Financials Hainan Meilan International Airport Company Limited
