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6007

AVIC Shenyang Aircraft XSSC:600760 Stock Report

Last Price

CN¥63.41

Market Cap

CN¥124.3b

7D

4.4%

1Y

20.5%

Updated

05 Jul, 2022

Data

Company Financials +
600760 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance5/6
Financial Health6/6
Dividends3/6

600760 Stock Overview

AVIC Shenyang Aircraft Company Limited manufactures aviation products in China.

AVIC Shenyang Aircraft Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AVIC Shenyang Aircraft
Historical stock prices
Current Share PriceCN¥63.41
52 Week HighCN¥85.76
52 Week LowCN¥42.66
Beta1.09
1 Month Change10.80%
3 Month Change18.86%
1 Year Change20.48%
3 Year Change204.02%
5 Year Changen/a
Change since IPO145.84%

Recent News & Updates

Shareholder Returns

600760CN Aerospace & DefenseCN Market
7D4.4%2.8%1.2%
1Y20.5%8.4%-6.5%

Return vs Industry: 600760 exceeded the CN Aerospace & Defense industry which returned 8.4% over the past year.

Return vs Market: 600760 exceeded the CN Market which returned -6.5% over the past year.

Price Volatility

Is 600760's price volatile compared to industry and market?
600760 volatility
600760 Average Weekly Movement6.4%
Aerospace & Defense Industry Average Movement7.4%
Market Average Movement7.2%
10% most volatile stocks in CN Market10.2%
10% least volatile stocks in CN Market5.0%

Stable Share Price: 600760 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 600760's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a14,320Yixin Xinghttps://www.avic-sac.com

AVIC Shenyang Aircraft Company Limited manufactures aviation products in China. It offers military and civil aviation products. The company was formerly known as Zhonghangheibao Co.,Ltd.

AVIC Shenyang Aircraft Fundamentals Summary

How do AVIC Shenyang Aircraft's earnings and revenue compare to its market cap?
600760 fundamental statistics
Market CapCN¥124.32b
Earnings (TTM)CN¥1.86b
Revenue (TTM)CN¥36.10b

66.8x

P/E Ratio

3.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600760 income statement (TTM)
RevenueCN¥36.10b
Cost of RevenueCN¥32.61b
Gross ProfitCN¥3.49b
Other ExpensesCN¥1.63b
EarningsCN¥1.86b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.95
Gross Margin9.67%
Net Profit Margin5.16%
Debt/Equity Ratio0%

How did 600760 perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

37%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 600760 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600760?

Other financial metrics that can be useful for relative valuation.

600760 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.9x
Enterprise Value/EBITDA45.5x
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

How does 600760's PE Ratio compare to its peers?

600760 PE Ratio vs Peers
The above table shows the PE ratio for 600760 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average84x
600893 AECC Aviation PowerLtd
105.1x29.0%CN¥128.2b
000768 AVIC Xi'an Aircraft Industry Group
127.8x24.6%CN¥85.9b
002013 AVIC Electromechanical SystemsLtd
36.3x20.9%CN¥48.2b
000738 Aecc Aero-Engine ControlLtd
66.9x28.6%CN¥38.0b
600760 AVIC Shenyang Aircraft
66.8x26.8%CN¥124.3b

Price-To-Earnings vs Peers: 600760 is good value based on its Price-To-Earnings Ratio (66.8x) compared to the peer average (84x).


Price to Earnings Ratio vs Industry

How does 600760's PE Ratio compare vs other companies in the CN Aerospace & Defense Industry?

Price-To-Earnings vs Industry: 600760 is expensive based on its Price-To-Earnings Ratio (66.8x) compared to the CN Aerospace & Defense industry average (63.4x)


Price to Earnings Ratio vs Fair Ratio

What is 600760'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.

600760 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio66.8x
Fair PE Ratio35.4x

Price-To-Earnings vs Fair Ratio: 600760 is expensive based on its Price-To-Earnings Ratio (66.8x) compared to the estimated Fair Price-To-Earnings Ratio (35.4x).


Share Price vs Fair Value

What is the Fair Price of 600760 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600760 (CN¥63.41) is trading below our estimate of fair value (CN¥306.88)

Significantly Below Fair Value: 600760 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 600760 is poor value based on its PEG Ratio (2.5x)


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Future Growth

How is AVIC Shenyang Aircraft forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600760's forecast earnings growth (26.8% per year) is above the savings rate (3.2%).

Earnings vs Market: 600760's earnings (26.8% per year) are forecast to grow faster than the CN market (23.9% per year).

High Growth Earnings: 600760's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 600760's revenue (22.3% per year) is forecast to grow faster than the CN market (17.5% per year).

High Growth Revenue: 600760's revenue (22.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600760's Return on Equity is forecast to be low in 3 years time (18.9%).


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Past Performance

How has AVIC Shenyang Aircraft performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600760 has high quality earnings.

Growing Profit Margin: 600760's current net profit margins (5.2%) are higher than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: 600760's earnings have grown significantly by 24.6% per year over the past 5 years.

Accelerating Growth: 600760's earnings growth over the past year (51.7%) exceeds its 5-year average (24.6% per year).

Earnings vs Industry: 600760 earnings growth over the past year (51.7%) exceeded the Aerospace & Defense industry 8.6%.


Return on Equity

High ROE: 600760's Return on Equity (14.5%) is considered low.


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Financial Health

How is AVIC Shenyang Aircraft's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600760's short term assets (CN¥53.1B) exceed its short term liabilities (CN¥45.6B).

Long Term Liabilities: 600760's short term assets (CN¥53.1B) exceed its long term liabilities (CN¥1.1B).


Debt to Equity History and Analysis

Debt Level: 600760 has more cash than its total debt.

Reducing Debt: 600760's debt to equity ratio has reduced from 97.6% to 0% over the past 5 years.

Debt Coverage: 600760's debt is well covered by operating cash flow (94188499680%).

Interest Coverage: 600760 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is AVIC Shenyang Aircraft current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.55%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 600760's dividend (0.55%) is higher than the bottom 25% of dividend payers in the CN market (0.48%).

High Dividend: 600760's dividend (0.55%) is low compared to the top 25% of dividend payers in the CN market (1.9%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 600760 has been paying a dividend for less than 10 years.

Growing Dividend: 600760's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.9%), 600760's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (8.1%), 600760's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Yixin Xing (50 yo)

2.5yrs

Tenure

CN¥945,000

Compensation

Mr. Yixin Xing serves as General Manager at AVIC Shenyang Aircraft Company Limited since January 14, 2020 and Director since November 2, 2018.


Leadership Team

Experienced Management: 600760's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: 600760's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AVIC Shenyang Aircraft Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: AVIC Shenyang Aircraft Company Limited
  • Ticker: 600760
  • Exchange: XSSC
  • Founded: NaN
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: CN¥124.317b
  • Shares outstanding: 1.96b
  • Website: https://www.avic-sac.com

Number of Employees


Location

  • AVIC Shenyang Aircraft Company Limited
  • No. 1, Lingbei Street
  • Huanggu District
  • Shenyang
  • Liaoning Province
  • 110850
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/05 00:00
End of Day Share Price2022/07/04 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.