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China Express AirlinesLTD

Market Cap

CN¥15.9b

Last Updated

2021/04/11 09:16 UTC

Data Sources

Company Financials +

Executive Summary

China Express Airlines Co.,LTD engages in the regional aviation business in China. More Details


Snowflake Analysis

High growth potential with questionable track record.

Share Price & News

How has China Express AirlinesLTD's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002928 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 002928's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.


Market Performance


7 Day Return

-3.3%

2928

0.3%

CN Airlines

-1.1%

CN Market


1 Year Return

90.9%

2928

30.5%

CN Airlines

28.4%

CN Market

Return vs Industry: 002928 exceeded the CN Airlines industry which returned 30.5% over the past year.

Return vs Market: 002928 exceeded the CN Market which returned 28.4% over the past year.


Shareholder returns

2928IndustryMarket
7 Day-3.3%0.3%-1.1%
30 Day-7.5%4.4%1.0%
90 Day28.6%16.4%-5.8%
1 Year91.7%90.9%31.4%30.5%30.4%28.4%
3 Year-11.1%-12.4%2.0%-0.06%25.9%19.9%
5 Yearn/a-29.1%-31.2%23.6%15.5%

Long-Term Price Volatility Vs. Market

How volatile is China Express AirlinesLTD's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is China Express AirlinesLTD undervalued compared to its fair value and its price relative to the market?

47.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002928 (CN¥15.65) is trading above our estimate of fair value (CN¥1.05)

Significantly Below Fair Value: 002928 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002928 is poor value based on its PE Ratio (47.3x) compared to the XX Airlines industry average (22x).

PE vs Market: 002928 is poor value based on its PE Ratio (47.3x) compared to the CN market (33.9x).


Price to Earnings Growth Ratio

PEG Ratio: 002928 is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: 002928 is overvalued based on its PB Ratio (4.5x) compared to the CN Airlines industry average (2.2x).


Future Growth

How is China Express AirlinesLTD forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

43.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002928's forecast earnings growth (43.1% per year) is above the savings rate (3.3%).

Earnings vs Market: 002928's earnings (43.1% per year) are forecast to grow faster than the CN market (23.4% per year).

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

Revenue vs Market: 002928's revenue (32.5% per year) is forecast to grow faster than the CN market (17.9% per year).

High Growth Revenue: 002928's revenue (32.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002928's Return on Equity is forecast to be low in 3 years time (19.1%).


Past Performance

How has China Express AirlinesLTD performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002928 has high quality earnings.

Growing Profit Margin: 002928's current net profit margins (6.5%) are lower than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: 002928's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: 002928's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 002928 had negative earnings growth (-26.2%) over the past year, making it difficult to compare to the Airlines industry average (-21.4%).


Return on Equity

High ROE: 002928's Return on Equity (8.8%) is considered low.


Financial Health

How is China Express AirlinesLTD's financial position?


Financial Position Analysis

Short Term Liabilities: 002928's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥3.6B).

Long Term Liabilities: 002928's short term assets (CN¥4.3B) do not cover its long term liabilities (CN¥4.6B).


Debt to Equity History and Analysis

Debt Level: 002928's debt to equity ratio (87.9%) is considered high.

Reducing Debt: Insufficient data to determine if 002928's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 002928's debt is well covered by operating cash flow (31.4%).

Interest Coverage: 002928's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Dividend

What is China Express AirlinesLTD current dividend yield, its reliability and sustainability?

0.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002928's dividend (0.32%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.43%).

High Dividend: 002928's dividend (0.32%) is low compared to the top 25% of dividend payers in the CN market (1.81%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 002928 has been paying a dividend for less than 10 years.

Growing Dividend: 002928's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.3%), 002928's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 002928's dividends in 3 years are forecast to be thoroughly covered by earnings (12.9% payout ratio).


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Longjiang Wu (47 yo)

7.92yrs

Tenure

CN¥1,119,600

Compensation

Mr. Longjiang Wu serves as President and Director of China Express Airlines Co., Ltd. since March 2013 and March 2010 respectively. From July 1996 to November 1999, he served as Secretary of the Youth Leag...


Leadership Team

Experienced Management: 002928's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: 002928's board of directors are considered experienced (4.7 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 been diluted in the past year, with total shares outstanding growing by 12.5%.


Top Shareholders

Company Information

China Express Airlines Co.,LTD's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Express Airlines Co.,LTD
  • Ticker: 2928
  • Exchange: SZSE
  • Founded: 2006
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: CN¥15.862b
  • Shares outstanding: 1.01b
  • Website: https://www.chinaexpressair.com

Number of Employees


Location

  • China Express Airlines Co.,LTD
  • Guiyang Longdongbao International Airport
  • Guiyang
  • Guizhou Province
  • China

Listings


Biography

China Express Airlines Co.,LTD engages in the regional aviation business in China. It operates through 5 operation bases located in Guiyang, Chongqing, Dalian, Inner Mongolia, and Xi’an, with approximately...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 09:16
End of Day Share Price2021/04/09 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.