Beijing Capital International Airport
Market Cap
HK$21.5b
Last Updated
2020/04/07 12:54 UTC
Data Sources
Company Financials +
Executive Summary
Beijing Capital International Airport Company Limited engages in the aeronautical and non-aeronautical businesses at the Beijing Capital Airport in the People’s Republic of China.
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with excellent balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Beijing Capital International Airport's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 694's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-2.4%
694
-0.2%
HK Infrastructure
2.7%
HK Market
1 Year Return
-34.2%
694
-32.6%
HK Infrastructure
-19.8%
HK Market
Return vs Industry: 694 underperformed the Hong Kong Infrastructure industry which returned -34.5% over the past year.
Return vs Market: 694 underperformed the Hong Kong Market which returned -22% over the past year.
Shareholder returns
| 694 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.4% | -0.2% | 2.7% |
| 30 Day | -24.1% | -14.5% | -7.2% |
| 90 Day | -33.4% | -25.8% | -12.1% |
| 1 Year | -31.2%-34.2% | -28.6%-32.6% | -16.9%-19.8% |
| 3 Year | -43.3%-48.7% | -27.7%-37.1% | 0.9%-9.3% |
| 5 Year | -36.5%-44.9% | -37.2%-49.7% | -12.6%-26.7% |
Price Volatility Vs. Market
How volatile is Beijing Capital International Airport's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Things Look Grim For Beijing Capital International Airport Company Limited (HKG:694) After Today's Downgrade1 week ago | Simply Wall St
Beijing Capital International Airport Company Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year1 month ago | Simply Wall St
Is Beijing Capital International Airport Company Limited (HKG:694) An Attractive Dividend Stock?Valuation
Is Beijing Capital International Airport undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 694 (HK$4.7) is trading below our estimate of fair value (HK$20.54)
Significantly Below Fair Value: 694 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 694 is poor value based on its PE Ratio (7.8x) compared to the Infrastructure industry average (6.4x).
PE vs Market: 694 is good value based on its PE Ratio (7.8x) compared to the Hong Kong market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: 694 is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: 694 is overvalued based on its PB Ratio (0.8x) compared to the HK Infrastructure industry average (0.6x).
Next Steps
Future Growth
How is Beijing Capital International Airport forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
24.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 694's forecast earnings growth (24.1% per year) is above the savings rate (1.6%).
Earnings vs Market: 694's earnings (24.1% per year) are forecast to grow faster than the Hong Kong market (11.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 694's revenue (21% per year) is forecast to grow faster than the Hong Kong market (9.7% per year).
High Growth Revenue: 694's revenue (21% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 694's Return on Equity is forecast to be low in 3 years time (4.4%).
Next Steps
Past Performance
How has Beijing Capital International Airport performed over the past 5 years?
14.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 694 has high quality earnings.
Growing Profit Margin: 694's current net profit margins (22.4%) are lower than last year (25.5%).
Past Earnings Growth Analysis
Earnings Trend: 694's earnings have grown by 14.4% per year over the past 5 years.
Accelerating Growth: 694's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 694 had negative earnings growth (-15.8%) over the past year, making it difficult to compare to the Infrastructure industry average (6.6%).
Return on Equity
High ROE: 694's Return on Equity (9.7%) is considered low.
Next Steps
Financial Health
How is Beijing Capital International Airport's financial position?
Financial Position Analysis
Short Term Liabilities: 694's short term assets (CN¥3.4B) do not cover its short term liabilities (CN¥7.1B).
Long Term Liabilities: 694's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 694's debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: 694's debt to equity ratio has reduced from 71% to 9.2% over the past 5 years.
Debt Coverage: 694's debt is well covered by operating cash flow (209.3%).
Interest Coverage: 694's interest payments on its debt are well covered by EBIT (27.2x coverage).
Balance Sheet
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Dividend
What is Beijing Capital International Airport's current dividend yield, its reliability and sustainability?
5.50%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 694's dividend (5.65%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.7%).
High Dividend: 694's dividend (5.65%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.25%).
Stability and Growth of Payments
Stable Dividend: 694's dividend payments have been volatile in the past 10 years.
Growing Dividend: 694's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.8%), 694's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 694's dividends in 3 years are forecast to be well covered by earnings (46.2% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Zhiliang Han (54yo)
4.08s
Tenure
CN¥905,000
Compensation
Mr. Zhiliang Han has been General Manager of Beijing Capital International Airport Company Limited since March 22, 2016 and has been its Executive Director since August 25, 2016. Mr. Han has been the vice ...
CEO Compensation Analysis
Compensation vs Market: Zhiliang's total compensation ($USD0.00) is below average for companies of similar size in the Hong Kong market ($USD501.86K).
Compensation vs Earnings: Zhiliang's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 5.83yrs | no data | no data | |
| GM & Executive Director | 4.08yrs | CN¥905.00k | no data | |
| Deputy GM & Executive Director | 5.83yrs | CN¥1.27m | no data | |
| Deputy General Manger | 1.42yrs | CN¥588.00k | no data | |
| Joint Company Secretary | 3.42yrs | no data | no data | |
| Secretary to the Board | 2.08yrs | no data | no data |
2.8yrs
Average Tenure
54yo
Average Age
Experienced Management: 694's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 5.83yrs | no data | no data | |
| GM & Executive Director | 4.08yrs | CN¥905.00k | no data | |
| Deputy GM & Executive Director | 5.83yrs | CN¥1.27m | no data | |
| Independent Non-Executive Director | 11.83yrs | CN¥150.00k | no data | |
| Non-Executive Director | 14.83yrs | no data | no data | |
| Non-Executive Director | 5.83yrs | no data | no data | |
| Independent Non-Executive Director | 8.83yrs | CN¥150.00k | no data | |
| Independent Non-Executive Director | 8.83yrs | CN¥150.00k | no data | |
| Non-Executive Director | 5.33yrs | no data | no data | |
| Chairman of Supervisory Committee | 3.83yrs | CN¥143.00k | no data |
5.8yrs
Average Tenure
55.5yo
Average Age
Experienced Board: 694's board of directors are considered experienced (5.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Beijing Capital International Airport Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Beijing Capital International Airport Company Limited
- Ticker: 694
- Exchange: SEHK
- Founded: 1999
- Industry: Airport Services
- Sector: Transportation
- Market Cap: HK$21.522b
- Shares outstanding: 4.58b
- Website: https://www.bcia.com.cn
Number of Employees
Location
- Beijing Capital International Airport Company Limited
- Capital Airport
- Beijing
- 100621
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 694 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Feb 2000 |
| BJ1 | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Feb 2000 |
| BJCH.F | OTCPK (Pink Sheets LLC) | Yes | Foreign Shares-Foreign Listed | US | USD | Feb 2000 |
| 694 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Feb 2000 |
| 694 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Feb 2000 |
| BJCH.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Oct 2008 |
Biography
Beijing Capital International Airport Company Limited engages in the aeronautical and non-aeronautical businesses at the Beijing Capital Airport in the People’s Republic of China. The company’s aeronautical business is involved in the provision of aircraft landings and take-offs; passenger service facilities; ground support services; and fire-fighting services for domestic and foreign air transportation enterprises. Its non-aeronautical business includes the franchise-based operation of ground handling agent services for domestic and foreign airliners; in-flight catering services; duty free and other retail shops in the terminals, as well as restaurants and other catering businesses in terminals; leasing advertising spaces inside and outside the terminals; and other businesses. The company’s non-aeronautical business also comprises the leasing of properties in the terminals; provision of car parking services; and provision of ground handling facilities for ground handling agent companies. As of December 31, 2018, the company had 105 airliners operating fixed commercial flights at the Beijing Capital Airport, including 29 domestic airliners and 69 airliners from foreign countries, as well as 7 airliners from Hong Kong, Macau, and Taiwan; and operated 296 flight points linking with the Beijing Capital Airport, including 160 domestic flight points and 136 international flight points. The company was incorporated in 1999 and is based in Beijing, the People’s Republic of China. Beijing Capital International Airport Company Limited is a subsidiary of Capital Airports Holding Company.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 12:54 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/12/31 |
| 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.