SEHK:694

Stock Analysis Report

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Beijing Capital International Airport

Market Cap

HK$22.1b

Last Updated

2021/07/25 10:10 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. More Details

Rewards

Trading at 78.4% below our estimate of its fair value

Earnings are forecast to grow 96.62% per year

Risk Analysis

No risks detected for 694 from our risk checks.


Snowflake Analysis

High growth potential and slightly overvalued.


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 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 694's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-3.8%

694

-0.9%

HK Infrastructure

-2.7%

HK Market


1 Year Return

-9.4%

694

3.0%

HK Infrastructure

13.3%

HK Market

Return vs Industry: 694 underperformed the Hong Kong Infrastructure industry which returned 3% over the past year.

Return vs Market: 694 underperformed the Hong Kong Market which returned 13.3% over the past year.


Shareholder returns

694IndustryMarket
7 Day-3.8%-0.9%-2.7%
30 Day-9.7%-3.7%-6.0%
90 Day-18.2%-10.0%-7.7%
1 Year-9.4%-9.4%8.6%3.0%17.3%13.3%
3 Year-40.7%-45.9%-7.8%-22.0%8.7%-3.3%
5 Year-37.9%-46.1%-9.5%-29.0%44.6%19.0%

Long-Term 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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 694 (HK$4.82) is trading below our estimate of fair value (HK$22.29)

Significantly Below Fair Value: 694 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 694 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Infrastructure industry average.

PE vs Market: 694 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 694's PEG Ratio to determine if it is good value.


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).


Future Growth

How is Beijing Capital International Airport forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

96.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 694 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: 694 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 694's is expected to become profitable in the next 3 years.

Revenue vs Market: 694's revenue (24.3% per year) is forecast to grow faster than the Hong Kong market (12.6% per year).

High Growth Revenue: 694's revenue (24.3% 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 (4.2%).


Past Performance

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

-24.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 694 is currently unprofitable.

Growing Profit Margin: 694 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 694 is unprofitable, and losses have increased over the past 5 years at a rate of 24.8% per year.

Accelerating Growth: Unable to compare 694's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 694 is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (7%).


Return on Equity

High ROE: 694 has a negative Return on Equity (-11.4%), as it is currently unprofitable.


Financial Health

How is Beijing Capital International Airport's financial position?


Financial Position Analysis

Short Term Liabilities: 694's short term assets (CN¥3.8B) do not cover its short term liabilities (CN¥9.8B).

Long Term Liabilities: 694's short term assets (CN¥3.8B) do not cover its long term liabilities (CN¥3.8B).


Debt to Equity History and Analysis

Debt Level: 694's debt to equity ratio (21.9%) is considered satisfactory.

Reducing Debt: 694's debt to equity ratio has reduced from 56.9% to 21.9% over the past 5 years.

Debt Coverage: 694's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 694's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

2.05%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 694's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 694's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 694's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 694's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 694 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 694's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Zhiliang Han (56 yo)

5.33yrs

Tenure

CN¥539,000

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 ($USD83.16K) is below average for companies of similar size in the Hong Kong market ($USD705.63K).

Compensation vs Earnings: Zhiliang's compensation has increased whilst the company is unprofitable.


Leadership Team

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


Board Members

Experienced Board: 694's board of directors are considered experienced (5 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$22.072b
  • 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


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 Analysis2021/07/25 10:10
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.