Shanghai International Airport Co., Ltd.

SHSE:600009 Stock Report

Market Cap: CN¥85.8b

Shanghai International Airport Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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¥34.46) is trading below our estimate of fair value (CN¥41.64)

Significantly Below Fair Value: 600009 is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As 600009 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600009. This is calculated by dividing 600009's market cap by their current earnings.
What is 600009's PE Ratio?
PE Ratio52.3x
EarningsCN¥1.64b
Market CapCN¥85.75b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 600009 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.5x
600004 Guangzhou Baiyun International Airport
27.6x13.7%CN¥23.1b
000089 Shenzhen Airport
25.5x19.6%CN¥14.3b
002023 Sichuan Haite High-techLtd
103.1xn/aCN¥7.8b
600897 Xiamen International AirportLtd
13.7x13.9%CN¥6.3b
600009 Shanghai International Airport
52.3x38.1%CN¥85.8b

Price-To-Earnings vs Peers: 600009 is expensive based on its Price-To-Earnings Ratio (52.3x) compared to the peer average (42.5x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
600009 52.3xIndustry Avg. 16.6xNo. of Companies10PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600009 is expensive based on its Price-To-Earnings Ratio (52.3x) compared to the CN Infrastructure industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is 600009'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.

600009 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio52.3x
Fair PE Ratio34.1x

Price-To-Earnings vs Fair Ratio: 600009 is expensive based on its Price-To-Earnings Ratio (52.3x) compared to the estimated Fair Price-To-Earnings Ratio (34.1x).

Analyst Price Targets

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

The above table shows the analyst 600009 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥34.46
CN¥36.24
+5.2%
17.5%CN¥45.00CN¥24.20n/a13
Dec ’25CN¥34.91
CN¥36.24
+3.8%
17.5%CN¥45.00CN¥24.20n/a13
Nov ’25CN¥34.92
CN¥36.25
+3.8%
18.5%CN¥49.00CN¥25.10n/a13
Oct ’25CN¥38.42
CN¥36.56
-4.8%
17.4%CN¥49.00CN¥25.10n/a13
Sep ’25CN¥33.13
CN¥36.72
+10.8%
17.8%CN¥49.00CN¥25.10n/a13
Aug ’25CN¥34.41
CN¥37.29
+8.4%
17.5%CN¥51.00CN¥26.60n/a13
Jul ’25CN¥32.58
CN¥38.33
+17.7%
17.1%CN¥51.00CN¥26.60n/a13
Jun ’25CN¥34.75
CN¥40.03
+15.2%
19.2%CN¥55.75CN¥26.60n/a13
May ’25CN¥37.64
CN¥41.30
+9.7%
21.1%CN¥62.00CN¥26.60n/a13
Apr ’25CN¥36.65
CN¥40.68
+11.0%
22.5%CN¥62.00CN¥27.70n/a13
Mar ’25CN¥34.93
CN¥40.47
+15.9%
22.6%CN¥62.00CN¥27.70n/a13
Feb ’25CN¥33.34
CN¥40.64
+21.9%
22.1%CN¥62.00CN¥27.70n/a13
Jan ’25CN¥32.78
CN¥42.01
+28.2%
23.6%CN¥62.00CN¥28.40n/a13
Dec ’24CN¥35.96
CN¥49.86
+38.6%
25.0%CN¥76.70CN¥31.30CN¥34.9112
Nov ’24CN¥37.09
CN¥51.19
+38.0%
22.3%CN¥76.70CN¥37.10CN¥34.9212
Oct ’24CN¥37.89
CN¥53.34
+40.8%
23.0%CN¥76.70CN¥37.10CN¥38.4212
Sep ’24CN¥39.49
CN¥58.95
+49.3%
22.8%CN¥89.00CN¥38.00CN¥33.1312
Aug ’24CN¥46.85
CN¥65.12
+39.0%
18.3%CN¥89.00CN¥43.00CN¥34.4114
Jul ’24CN¥45.42
CN¥65.90
+45.1%
16.8%CN¥89.00CN¥48.00CN¥32.5814
Jun ’24CN¥45.12
CN¥66.12
+46.5%
16.8%CN¥89.00CN¥48.00CN¥34.7514
May ’24CN¥53.70
CN¥66.30
+23.5%
14.5%CN¥81.00CN¥44.00CN¥37.6415
Apr ’24CN¥55.73
CN¥66.27
+18.9%
14.6%CN¥81.00CN¥44.00CN¥36.6515
Mar ’24CN¥58.82
CN¥68.79
+16.9%
15.0%CN¥87.50CN¥44.00CN¥34.9315
Feb ’24CN¥60.49
CN¥66.67
+10.2%
15.0%CN¥87.50CN¥44.00CN¥33.3414
Jan ’24CN¥57.71
CN¥62.91
+9.0%
18.0%CN¥87.50CN¥39.50CN¥32.7812
Dec ’23CN¥54.25
CN¥63.20
+16.5%
19.6%CN¥87.50CN¥39.50CN¥35.9610

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 21:56
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Shanghai International Airport Co., Ltd. is covered by 45 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James TeoBNP Paribas Securities (Asia)
Jianping DUBOCI Research Ltd.
Nathan GeeBofA Global Research