Shenzhen Airport Co., Ltd.

SZSE:000089 Stock Report

Market Cap: CN¥14.5b

Shenzhen Airport Valuation

Is 000089 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 000089 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000089 (CN¥7.09) is trading above our estimate of fair value (CN¥5.87)

Significantly Below Fair Value: 000089 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000089?

Other financial metrics that can be useful for relative valuation.

000089 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/Revenue4.8x
Enterprise Value/EBITDA16.2x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does 000089's PE Ratio compare to its peers?

The above table shows the PE ratio for 000089 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average64.5x
600004 Guangzhou Baiyun International Airport
34.3x13.0%CN¥24.8b
002023 Sichuan Haite High-techLtd
113.1x29.0%CN¥7.4b
600897 Xiamen International AirportLtd
14x13.9%CN¥6.1b
300424 Guangzhou Hangxin Aviation Technology
96.5xn/aCN¥3.6b
000089 Shenzhen Airport
23.2x12.1%CN¥14.5b

Price-To-Earnings vs Peers: 000089 is good value based on its Price-To-Earnings Ratio (23.2x) compared to the peer average (64.5x).


Price to Earnings Ratio vs Industry

How does 000089's PE Ratio compare vs other companies in the CN Infrastructure Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 000089 is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the CN Infrastructure industry average (16.1x).


Price to Earnings Ratio vs Fair Ratio

What is 000089'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.

000089 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.2x
Fair PE Ratio16x

Price-To-Earnings vs Fair Ratio: 000089 is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the estimated Fair Price-To-Earnings Ratio (16x).


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 000089 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥7.09
CN¥7.67
+8.1%
12.7%CN¥9.20CN¥6.50n/a7
Sep ’25CN¥6.14
CN¥7.67
+24.9%
12.7%CN¥9.20CN¥6.50n/a7
Aug ’25CN¥6.65
CN¥7.88
+18.5%
10.7%CN¥9.20CN¥7.00n/a7
Jul ’25CN¥6.52
CN¥7.91
+21.4%
10.3%CN¥9.20CN¥7.00n/a7
Jun ’25CN¥6.87
CN¥8.03
+16.8%
10.1%CN¥9.00CN¥7.00n/a8
May ’25CN¥6.99
CN¥8.03
+14.8%
10.1%CN¥9.00CN¥7.00n/a8
Apr ’25CN¥6.83
CN¥7.89
+15.5%
12.7%CN¥9.00CN¥6.29n/a8
Mar ’25CN¥6.50
CN¥7.89
+21.3%
12.7%CN¥9.00CN¥6.29n/a8
Feb ’25CN¥6.10
CN¥7.75
+27.1%
12.9%CN¥9.00CN¥6.29n/a7
Jan ’25CN¥6.43
CN¥7.75
+20.6%
12.9%CN¥9.00CN¥6.29n/a7
Dec ’24CN¥6.80
CN¥7.68
+13.0%
15.8%CN¥9.00CN¥5.30n/a7
Nov ’24CN¥6.76
CN¥7.72
+14.3%
16.4%CN¥9.30CN¥5.30n/a7
Oct ’24CN¥6.80
CN¥7.91
+16.3%
18.3%CN¥9.80CN¥5.30CN¥7.097
Sep ’24CN¥6.80
CN¥7.90
+16.1%
17.2%CN¥9.80CN¥5.30CN¥6.148
Aug ’24CN¥7.35
CN¥7.82
+6.4%
16.9%CN¥9.50CN¥5.30CN¥6.658
Jul ’24CN¥6.95
CN¥7.81
+12.3%
15.9%CN¥9.50CN¥5.30CN¥6.529
Jun ’24CN¥6.88
CN¥7.70
+11.9%
15.2%CN¥9.50CN¥5.30CN¥6.879
May ’24CN¥7.31
CN¥7.53
+3.1%
15.2%CN¥9.50CN¥5.30CN¥6.998
Apr ’24CN¥7.29
CN¥7.41
+1.7%
15.2%CN¥9.50CN¥5.30CN¥6.839
Mar ’24CN¥7.43
CN¥7.39
-0.6%
13.0%CN¥8.80CN¥5.30CN¥6.508
Feb ’24CN¥7.43
CN¥7.34
-1.2%
13.3%CN¥8.80CN¥5.30CN¥6.108
Jan ’24CN¥7.86
CN¥7.24
-7.9%
13.9%CN¥8.80CN¥5.30CN¥6.438
Dec ’23CN¥7.36
CN¥7.24
-1.7%
13.9%CN¥8.80CN¥5.30CN¥6.808
Nov ’23CN¥6.64
CN¥7.28
+9.6%
12.7%CN¥8.80CN¥5.70CN¥6.768
Oct ’23CN¥6.72
CN¥7.47
+11.1%
14.1%CN¥9.40CN¥5.70CN¥6.809

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


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