SEHK:694

Stock Analysis Report

Beijing Capital International Airport

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.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.7%

694

0.3%

HK Infrastructure

0.6%

HK Market


1 Year Return

-11.7%

694

-2.4%

HK Infrastructure

-0.06%

HK Market

Return vs Industry: 694 underperformed the Hong Kong Infrastructure industry which returned -3.5% over the past year.

Return vs Market: 694 underperformed the Hong Kong Market which returned -1.5% over the past year.


Shareholder returns

694IndustryMarket
7 Day-0.7%0.3%0.6%
30 Day-7.7%-2.9%-3.6%
90 Day7.0%1.0%-0.01%
1 Year-7.7%-11.7%3.2%-2.4%3.5%-0.06%
3 Year6.6%-3.6%5.7%-8.1%19.5%7.4%
5 Year44.0%24.9%5.4%-16.3%18.4%-1.4%

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

Valuation

Is Beijing Capital International Airport undervalued compared to its fair value and its price relative to the market?

10.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 694 (HK$7.33) is trading above our estimate of fair value (HK$5.2)

Significantly Below Fair Value: 694 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 694 is poor value based on its PE Ratio (10.7x) compared to the Infrastructure industry average (8x).

PE vs Market: 694 is poor value based on its PE Ratio (10.7x) compared to the Hong Kong market (10.1x).


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 (1.2x) compared to the HK Infrastructure industry average (0.7x).


Next Steps

Future Growth

How is Beijing Capital International Airport forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

31.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 694's forecast earnings growth (31.3% per year) is above the savings rate (1.6%).

Earnings vs Market: 694's earnings (31.3% per year) are forecast to grow faster than the Hong Kong market (11.9% per year).

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

Revenue vs Market: 694's revenue (26% per year) is forecast to grow faster than the Hong Kong market (9.7% per year).

High Growth Revenue: 694's revenue (26% 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 (5.7%).


Next Steps

Past Performance

How has Beijing Capital International Airport performed over the past 5 years?

17.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 694 has high quality earnings.

Growing Profit Margin: 694's current net profit margins (23.6%) are lower than last year (27.5%).


Past Earnings Growth Analysis

Earnings Trend: 694's earnings have grown by 17.2% 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 (-5.2%) over the past year, making it difficult to compare to the Infrastructure industry average (1.1%).


Return on Equity

High ROE: 694's Return on Equity (11.1%) is considered low.


Return on Assets


Return on Capital Employed


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¥4.0B) do not cover its short term liabilities (CN¥7.8B).

Long Term Liabilities: 694's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥2.9B).


Debt to Equity History and Analysis

Debt Level: 694's debt to equity ratio (13.8%) is considered satisfactory.

Reducing Debt: 694's debt to equity ratio has reduced from 77.2% to 13.8% over the past 5 years.

Debt Coverage: 694's debt is well covered by operating cash flow (144%).

Interest Coverage: 694's interest payments on its debt are well covered by EBIT (25.9x coverage).


Balance Sheet

Inventory Level: 694 has a high level of physical assets or inventory.

Debt Coverage by Assets: 694's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

What is Beijing Capital International Airport's current dividend yield, its reliability and sustainability?

4.03%

Current Dividend Yield


Dividend Yield vs Market

company4.0%marketbottom25%2.3%markettop25%6.3%industryaverage5.3%forecastin3Years2.5%

Current dividend yield vs market & industry

Notable Dividend: 694's dividend (4.03%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).

High Dividend: 694's dividend (4.03%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.31%).


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 (40.7%), 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 covered by earnings (60.3% payout ratio).


Next Steps

Management

What is the CEO of Beijing Capital International Airport's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Zhiliang Han (54yo)

3.8yrs

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 ($USD0.00) is below average for companies of similar size in the Hong Kong market ($USD504.74K).

Compensation vs Earnings: Zhiliang's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

3.1yrs

Average Tenure

54yo

Average Age

Experienced Management: 694's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

5.5yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 694's board of directors are considered experienced (5.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


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Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Stephen Mok (54yo)

    Joint Company Secretary

    • Tenure: 3.1yrs
  • Lijia Gao (54yo)

    Deputy GM & Executive Director

    • Tenure: 5.5yrs
    • Compensation: CN¥1.27m
  • Xianshan Deng (54yo)

    Deputy General Manger

    • Tenure: 1.1yrs
    • Compensation: CN¥588.00k
  • Xuesong Liu (54yo)

    Chairman

    • Tenure: 5.5yrs
  • Zhiliang Han (54yo)

    GM & Executive Director

    • Tenure: 3.8yrs
    • Compensation: CN¥905.00k
  • Lancheng Shen (48yo)

    Chief Financial Officer

    • Tenure: 3.4yrs
  • Xianwei Meng (43yo)

    Secretary to the Board

    • Tenure: 1.8yrs

Board Members

  • Japhet Sebastian Law (67yo)

    Independent Non-Executive Director

    • Tenure: 11.5yrs
    • Compensation: CN¥150.00k
  • Lijia Gao (54yo)

    Deputy GM & Executive Director

    • Tenure: 5.5yrs
    • Compensation: CN¥1.27m
  • Shiqing Gao (58yo)

    Non-Executive Director

    • Tenure: 14.5yrs
  • Yabo Yao (57yo)

    Non-Executive Director

    • Tenure: 5.5yrs
  • Guibin Liu (53yo)

    Independent Non-Executive Director

    • Tenure: 8.5yrs
    • Compensation: CN¥150.00k
  • Ruiming Jiang (53yo)

    Independent Non-Executive Director

    • Tenure: 8.5yrs
    • Compensation: CN¥150.00k
  • Xuesong Liu (54yo)

    Chairman

    • Tenure: 5.5yrs
  • Zheng Ma (61yo)

    Non-Executive Director

    • Tenure: 5yrs
  • Shengli Song (57yo)

    Chairman of Supervisory Committee

    • Tenure: 3.5yrs
    • Compensation: CN¥143.00k
  • Zhiliang Han (54yo)

    GM & Executive Director

    • Tenure: 3.8yrs
    • Compensation: CN¥905.00k

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$33.657b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
694SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDFeb 2000
BJ1DB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURFeb 2000
BJCH.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDFeb 2000
694SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDFeb 2000
694SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDFeb 2000
BJCH.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 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 aeronautica ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/09 12:39
End of Day Share Price2019/12/09 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.