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
Rewards
Risk Analysis
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
| 2928 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.3% | 0.3% | -1.1% |
| 30 Day | -7.5% | 4.4% | 1.0% |
| 90 Day | 28.6% | 16.4% | -5.8% |
| 1 Year | 91.7%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 Year | n/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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 09:16 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.