How does 600038's PE Ratio compare to its peers?

600038 is expensive based on its Price-To-Earnings Ratio (116.1x) compared to the peer average (47.8x).

How does 600038's PE Ratio compare vs other companies in the CN Aerospace & Defense Industry?

600038 is expensive based on its Price-To-Earnings Ratio (116.1x) compared to the CN Aerospace & Defense industry average (66.4x).

What is 600038's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600038 is expensive based on its Price-To-Earnings Ratio (116.1x) compared to the estimated Fair Price-To-Earnings Ratio (36x).

What is the Fair Price of 600038 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600038 (CN¥41.08) is trading below our estimate of [[fair value]] (CN¥209.5)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Avicopter (XSSC:600038) - Stock Price, News & Analysis

600038 Stock Overview

Manufactures and sells helicopters in China and internationally. More details

600038 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	0/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 80.4% below our estimate of its fair value

Earnings are forecast to grow 37.73% per year

Risk Analysis

Shareholders have been diluted in the past year

Profit margins (1.3%) are lower than last year (3.2%)

Large one-off items impacting financial results

Avicopter Plc Competitors

China Aerospace Times Electronics

SHSE:600879

CN¥31.3b

Aecc Aero-Engine ControlLtd

SZSE:000738

CN¥29.1b

Guizhou Space Appliance

SZSE:002025

CN¥26.0b

Baimtec MaterialLtd

SHSE:688563

CN¥26.8b

Price History & Performance

Summary of all time highs, changes and price drops for Avicopter
Historical stock prices
Current Share Price	CN¥41.08
52 Week High	CN¥46.10
52 Week Low	CN¥30.24
Beta	0.65
11 Month Change	-2.70%
3 Month Change	6.15%
1 Year Change	9.61%
33 Year Change	-46.86%
5 Year Change	-11.96%
Change since IPO	12.15%

Recent updates

Shareholder Returns

	600038	CN Aerospace & Defense	CN Market
7D	4.1%	-2.5%	-2.6%
1Y	9.6%	13.2%	4.2%

Return vs Industry: 600038 underperformed the CN Aerospace & Defense industry which returned 13.2% over the past year.

Return vs Market: 600038 exceeded the CN Market which returned 4.2% over the past year.

Price Volatility

Is 600038's price volatile compared to industry and market?
600038 volatility
600038 Average Weekly Movement	6.0%
Aerospace & Defense Industry Average Movement	10.2%
Market Average Movement	8.4%
10% most volatile stocks in CN Market	12.7%
10% least volatile stocks in CN Market	5.6%

Stable Share Price: 600038 has not had significant price volatility in the past 3 months compared to the CN market.

Volatility Over Time: 600038's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	10,596	Bin Xu	avicopter.avic.com

Avicopter Plc manufactures and sells helicopters in China and internationally. It also offers unmanned and civil helicopters; helicopters parts; new energy and general aircraft; and aviation parts and services, as well as aviation subcontracting production and customized services. The company was formerly known as Hafei Aviation Industry Co., Ltd.

Avicopter Plc Fundamentals Summary

How do Avicopter's earnings and revenue compare to its market cap?
600038 fundamental statistics
Market cap	CN¥33.68b
Earnings (TTM)	CN¥290.16m
Revenue (TTM)	CN¥22.77b

116.1x

P/E Ratio

1.5x

P/S Ratio

Is 600038 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
600038 income statement (TTM)
Revenue	CN¥22.77b
Cost of Revenue	CN¥20.96b
Gross Profit	CN¥1.81b
Other Expenses	CN¥1.52b
Earnings	CN¥290.16m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.35
Gross Margin	7.94%
Net Profit Margin	1.27%
Debt/Equity Ratio	46.2%

How did 600038 perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

42%

Payout Ratio

600038 Stock Overview

Rewards

Risk Analysis

Avicopter Plc Competitors

SHSE:600879

CN¥31.3b

SZSE:000738

CN¥29.1b

SZSE:002025

CN¥26.0b

SHSE:688563

CN¥26.8b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: CN¥0.076 (vs CN¥0.25 in 3Q 2023)

Less than half of directors are independent

Second quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.47 in 2Q 2023)

First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.024 in 1Q 2023)

Less than half of directors are independent

New minor risk - Shareholder dilution

Recent updates

Third quarter 2024 earnings released: EPS: CN¥0.076 (vs CN¥0.25 in 3Q 2023)

Less than half of directors are independent

Second quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.47 in 2Q 2023)

First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.024 in 1Q 2023)

Less than half of directors are independent

New minor risk - Shareholder dilution

Full year 2023 earnings released: EPS: CN¥0.75 (vs CN¥0.66 in FY 2022)

Avicopter Plc (SHSE:600038) completed the acquisition of Changhe Aircraft Industry (Group) Co., Ltd. and Harbin Aircraft Industry Group Co., Ltd. from AviChina Industry & Technology Company Limited (SEHK:2357) and Aviation Industry Corporation of China, Ltd.

Avicopter Plc (SHSE:600038) completed the acquisition of Changhe Aircraft Industry (Group) Co., Ltd. and Harbin Aircraft Industry Group Co., Ltd. from AviChina Industry & Technology Company Limited (SEHK:2357) and Aviation Industry Corporation of China, Ltd.

Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.052 in 3Q 2022)

Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.009 in 2Q 2022)

Avicopter plc Provides Earnings Guidance for the First Half of 2023

Full year 2022 earnings released: EPS: CN¥0.66 (vs CN¥1.55 in FY 2021)

Avicopter plc Provides Earnings Guidance for the Year of 2022

Less than half of directors are independent

Avicopter Plc announced that it expects to receive funding from AviChina Industry & Technology Company Limited, AVIC Aerospace System Co., Ltd. and other investors

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: CN¥0.052 (vs CN¥0.40 in 3Q 2021)

Second quarter 2022 earnings released: EPS: CN¥0.009 (vs CN¥0.37 in 2Q 2021)

AviChina Industry & Technology Company Limited (SEHK:2357) completed the additional 39.49% stakes in Avicopter Plc (SHSE:600038) from Harbin Aviation Industry (Group) Co., Ltd. and AVIC Helicopter Co., Ltd.

Investor sentiment improved over the past week

Avicopter plc Provides Earnings Guidance for the First Half of 2022

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Full year 2021 earnings released: EPS: CN¥1.55 (vs CN¥1.29 in FY 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.33 in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.37 (vs CN¥0.42 in 2Q 2020)

Investor sentiment improved over the past week

AVICOPTER PLC Provides Earnings Guidance for the First Half of 2021

Guoxin Investment Co., Ltd., completed the acquisition of 5% stake in Avicopter Plc (SHSE:600038) from Tianjin Binjiang Helicopter Co., Ltd.

First quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.088 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥1.29 (vs CN¥1.00 in FY 2019)

New 90-day low: CN¥47.50

Avicopter Plc to Report Fiscal Year 2020 Results on Mar 16, 2021

New 90-day high: CN¥58.80

New 90-day low: CN¥48.86

Third quarter earnings released

New 90-day low: CN¥49.52

Earnings released

New 90-day high - CN¥55.28

Avicopter Plc to Report First Half, 2020 Results on Aug 22, 2020

Shareholder Returns

Price Volatility

About the Company

Avicopter Plc Fundamentals Summary

116.1x

1.5x

Earnings & Revenue

Dividends

0.5%

42%