Shenzhen Airport Valuation

Q: What is the Fair Price of 000089 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

000089 (CN¥6.86) is trading below our estimate of [[fair value]] (CN¥6.98)

Is 000089 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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¥6.86) is trading below our estimate of fair value (CN¥6.98)

Significantly Below Fair Value: 000089 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 000089?

Key metric: As 000089 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000089. This is calculated by dividing 000089's market cap by their current earnings.
What is 000089's PE Ratio?
PE Ratio	25.1x
Earnings	CN¥559.62m
Market Cap	CN¥14.46b

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/Revenue	4.6x
Enterprise Value/EBITDA	14.8x
PEG Ratio	1.3x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	65.9x
600004 Guangzhou Baiyun International Airport	27.2x	13.9%	CN¥23.3b
002023 Sichuan Haite High-techLtd	106.2x	27.4%	CN¥8.4b
600897 Xiamen International AirportLtd	13.4x	13.7%	CN¥6.4b
300424 Guangzhou Hangxin Aviation Technology	116.8x	n/a	CN¥4.4b
000089 Shenzhen Airport	25.1x	19.4%	CN¥14.5b

Price-To-Earnings vs Peers: 000089 is good value based on its Price-To-Earnings Ratio (25.1x) compared to the peer average (65.9x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 000089 is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the CN Infrastructure industry average (15.7x).

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 Ratio	25.1x
Fair PE Ratio	18.4x

Price-To-Earnings vs Fair Ratio: 000089 is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.4x).

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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥6.86	CN¥7.70 +12.2%	13.1%	CN¥9.50	CN¥6.50	n/a	6
Nov ’25	CN¥6.98	CN¥7.81 +12.0%	12.1%	CN¥9.20	CN¥6.50	n/a	7
Oct ’25	CN¥7.09	CN¥7.67 +8.1%	12.7%	CN¥9.20	CN¥6.50	n/a	7
Sep ’25	CN¥6.14	CN¥7.67 +24.9%	12.7%	CN¥9.20	CN¥6.50	n/a	7
Aug ’25	CN¥6.65	CN¥7.88 +18.5%	10.7%	CN¥9.20	CN¥7.00	n/a	7
Jul ’25	CN¥6.52	CN¥7.91 +21.4%	10.3%	CN¥9.20	CN¥7.00	n/a	7
Jun ’25	CN¥6.87	CN¥8.03 +16.8%	10.1%	CN¥9.00	CN¥7.00	n/a	8
May ’25	CN¥6.99	CN¥8.03 +14.8%	10.1%	CN¥9.00	CN¥7.00	n/a	8
Apr ’25	CN¥6.83	CN¥7.89 +15.5%	12.7%	CN¥9.00	CN¥6.29	n/a	8
Mar ’25	CN¥6.50	CN¥7.89 +21.3%	12.7%	CN¥9.00	CN¥6.29	n/a	8
Feb ’25	CN¥6.10	CN¥7.75 +27.1%	12.9%	CN¥9.00	CN¥6.29	n/a	7
Jan ’25	CN¥6.43	CN¥7.75 +20.6%	12.9%	CN¥9.00	CN¥6.29	n/a	7
Dec ’24	CN¥6.80	CN¥7.68 +13.0%	15.8%	CN¥9.00	CN¥5.30	n/a	7
Nov ’24	CN¥6.76	CN¥7.72 +14.3%	16.4%	CN¥9.30	CN¥5.30	CN¥6.98	7
Oct ’24	CN¥6.80	CN¥7.91 +16.3%	18.3%	CN¥9.80	CN¥5.30	CN¥7.09	7
Sep ’24	CN¥6.80	CN¥7.90 +16.1%	17.2%	CN¥9.80	CN¥5.30	CN¥6.14	8
Aug ’24	CN¥7.35	CN¥7.82 +6.4%	16.9%	CN¥9.50	CN¥5.30	CN¥6.65	8
Jul ’24	CN¥6.95	CN¥7.81 +12.3%	15.9%	CN¥9.50	CN¥5.30	CN¥6.52	9
Jun ’24	CN¥6.88	CN¥7.70 +11.9%	15.2%	CN¥9.50	CN¥5.30	CN¥6.87	9
May ’24	CN¥7.31	CN¥7.53 +3.1%	15.2%	CN¥9.50	CN¥5.30	CN¥6.99	8
Apr ’24	CN¥7.29	CN¥7.41 +1.7%	15.2%	CN¥9.50	CN¥5.30	CN¥6.83	9
Mar ’24	CN¥7.43	CN¥7.39 -0.6%	13.0%	CN¥8.80	CN¥5.30	CN¥6.50	8
Feb ’24	CN¥7.43	CN¥7.34 -1.2%	13.3%	CN¥8.80	CN¥5.30	CN¥6.10	8
Jan ’24	CN¥7.86	CN¥7.24 -7.9%	13.9%	CN¥8.80	CN¥5.30	CN¥6.43	8
Dec ’23	CN¥7.36	CN¥7.24 -1.7%	13.9%	CN¥8.80	CN¥5.30	CN¥6.80	8
Nov ’23	CN¥6.64	CN¥7.28 +9.6%	12.7%	CN¥8.80	CN¥5.70	CN¥6.76	8

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