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6000

Shanghai International Airport SHSE:600009 Stock Report

Last Price

CN¥57.49

Market Cap

CN¥110.8b

7D

2.9%

1Y

43.3%

Updated

17 Aug, 2022

Data

Company Financials +
600009 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health3/6
Dividends0/6

600009 Stock Overview

Shanghai International Airport Co., Ltd. provides airport services in China.

Rewards

Trading at 38.1% below our estimate of its fair value

Earnings are forecast to grow 112.42% per year

Risk Analysis

No risks detected for 600009 from our risk checks.

Shanghai International Airport Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shanghai International Airport
Historical stock prices
Current Share PriceCN¥57.49
52 Week HighCN¥59.08
52 Week LowCN¥38.50
Beta0.71
1 Month Change12.22%
3 Month Change22.97%
1 Year Change43.26%
3 Year Change-32.37%
5 Year Change54.05%
Change since IPO1,173.93%

Recent News & Updates

Shareholder Returns

600009CN InfrastructureCN Market
7D2.9%1.1%1.3%
1Y43.3%12.6%-7.2%

Return vs Industry: 600009 exceeded the CN Infrastructure industry which returned 12.6% over the past year.

Return vs Market: 600009 exceeded the CN Market which returned -7.2% over the past year.

Price Volatility

Is 600009's price volatile compared to industry and market?
600009 volatility
600009 Average Weekly Movement4.9%
Infrastructure Industry Average Movement4.4%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 600009 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 600009's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a8,122Zhi Hong Huhttps://www.shairport.com

Shanghai International Airport Co., Ltd. provides airport services in China. It offers customs inspection, security inspection, inspection and quarantine, flight delay, visa, and smoking control instruction services, as well as entry and exit frontier inspection services. The company also provides air cargo, VIP, advertising, aircraft fueling, ground agent, and business aviation services.

Shanghai International Airport Fundamentals Summary

How do Shanghai International Airport's earnings and revenue compare to its market cap?
600009 fundamental statistics
Market CapCN¥110.78b
Earnings (TTM)-CN¥1.78b
Revenue (TTM)CN¥3.70b

29.9x

P/S Ratio

-62.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600009 income statement (TTM)
RevenueCN¥3.70b
Cost of RevenueCN¥5.97b
Gross Profit-CN¥2.26b
Other Expenses-CN¥479.94m
Earnings-CN¥1.78b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.93
Gross Margin-61.12%
Net Profit Margin-48.16%
Debt/Equity Ratio7.4%

How did 600009 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 600009 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600009?

Other financial metrics that can be useful for relative valuation.

600009 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/Revenue33x
Enterprise Value/EBITDA-94.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 600009's PS Ratio compare to its peers?

600009 PS Ratio vs Peers
The above table shows the PS ratio for 600009 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.7x
600004 Guangzhou Baiyun International Airport
6.1x23.1%CN¥31.9b
000089 Shenzhen Airport
4.5x18.8%CN¥14.1b
600897 Xiamen International AirportLtd
3.8x15.4%CN¥4.5b
002023 Sichuan Haite High-tech
8.5xn/aCN¥7.7b
600009 Shanghai International Airport
29.9x33.9%CN¥110.8b

Price-To-Sales vs Peers: 600009 is expensive based on its Price-To-Sales Ratio (29.9x) compared to the peer average (5.7x).


Price to Earnings Ratio vs Industry

How does 600009's PE Ratio compare vs other companies in the CN Infrastructure Industry?

Price-To-Sales vs Industry: 600009 is expensive based on its Price-To-Sales Ratio (29.9x) compared to the CN Infrastructure industry average (2.5x)


Price to Sales Ratio vs Fair Ratio

What is 600009's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600009 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio29.9x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: 600009 is expensive based on its Price-To-Sales Ratio (29.9x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).


Share Price vs Fair Value

What is the Fair Price of 600009 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600009 (CN¥57.49) is trading below our estimate of fair value (CN¥92.87)

Significantly Below Fair Value: 600009 is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is lower than the current share price.


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Future Growth

How is Shanghai International Airport forecast to perform in the next 1 to 3 years based on estimates from 16 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


112.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600009 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.2%).

Earnings vs Market: 600009 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 600009 is expected to become profitable in the next 3 years.

Revenue vs Market: 600009's revenue (33.9% per year) is forecast to grow faster than the CN market (17.8% per year).

High Growth Revenue: 600009's revenue (33.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600009's Return on Equity is forecast to be low in 3 years time (7.4%).


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Past Performance

How has Shanghai International Airport performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-42.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600009 is currently unprofitable.

Growing Profit Margin: 600009 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 600009 is unprofitable, and losses have increased over the past 5 years at a rate of 42.6% per year.

Accelerating Growth: Unable to compare 600009's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 600009 is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (6.3%).


Return on Equity

High ROE: 600009 has a negative Return on Equity (-6.22%), as it is currently unprofitable.


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Financial Health

How is Shanghai International Airport's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600009's short term assets (CN¥9.3B) exceed its short term liabilities (CN¥6.0B).

Long Term Liabilities: 600009's short term assets (CN¥9.3B) do not cover its long term liabilities (CN¥15.7B).


Debt to Equity History and Analysis

Debt Level: 600009 has more cash than its total debt.

Reducing Debt: 600009's debt to equity ratio has reduced from 10.7% to 7.4% over the past 5 years.

Debt Coverage: 600009's debt is not well covered by operating cash flow (4.6%).

Interest Coverage: Insufficient data to determine if 600009's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Shanghai International Airport current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.46%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 600009's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 600009's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 600009's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 600009's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 600009 is not paying a notable dividend for the CN market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 600009 has not reported any payouts.


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Management

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

6.8yrs

Average management tenure


CEO

Zhi Hong Hu (55 yo)

4.67yrs

Tenure

CN¥888,400

Compensation

Mr. Zhi Hong Hu served as Deputy General Manager and Party Secretary of Shanghai International Airport Co., Ltd. and serves as its Director since June 28, 2018 and General Manager since December 15, 2017....


Leadership Team

Experienced Management: 600009's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: 600009's board of directors are considered experienced (4.2 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

Shanghai International Airport Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Shanghai International Airport Co., Ltd.
  • Ticker: 600009
  • Exchange: SHSE
  • Founded: NaN
  • Industry: Airport Services
  • Sector: Transportation
  • Implied Market Cap: CN¥110.781b
  • Shares outstanding: 1.93b
  • Website: https://www.shairport.com

Number of Employees


Location

  • Shanghai International Airport Co., Ltd.
  • 900 Qihang Road
  • Pudong New Area
  • Shanghai
  • 201207
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 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.