2610 Stock Overview
China Airlines, Ltd., together with its subsidiaries, provides air transportation services for passengers, cargo, and others.
China Airlines Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$21.95|
|52 Week High||NT$31.95|
|52 Week Low||NT$15.40|
|1 Month Change||-1.35%|
|3 Month Change||-13.24%|
|1 Year Change||25.07%|
|3 Year Change||142.81%|
|5 Year Change||109.05%|
|Change since IPO||-55.47%|
Recent News & Updates
|2610||TW Airlines||TW Market|
Return vs Industry: 2610 exceeded the TW Airlines industry which returned 9.2% over the past year.
Return vs Market: 2610 exceeded the TW Market which returned -13.2% over the past year.
|2610 Average Weekly Movement||5.8%|
|Airlines Industry Average Movement||4.9%|
|Market Average Movement||5.1%|
|10% most volatile stocks in TW Market||8.4%|
|10% least volatile stocks in TW Market||2.5%|
Stable Share Price: 2610 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 2610's weekly volatility (6%) has been stable over the past year.
About the Company
China Airlines, Ltd., together with its subsidiaries, provides air transportation services for passengers, cargo, and others. The company offers airport, ground, aircraft and flight equipment maintenance, machine and equipment maintenance, and investment services, as well as communications and data processing services to other airlines. It is also involved in the sale of aircrafts, aircraft parts, and equipment; cleaning of aircrafts; forwarding and storage of air cargo; and sale and maintenance of hardware and software.
China Airlines Fundamentals Summary
|2610 fundamental statistics|
Is 2610 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2610 income statement (TTM)|
|Cost of Revenue||NT$128.68b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||2.38|
|Net Profit Margin||9.14%|
How did 2610 perform over the long term?See historical performance and comparison
3.8%Current Dividend Yield
Is 2610 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2610?
Other financial metrics that can be useful for relative valuation.
|What is 2610's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2610's PE Ratio compare to its peers?
|2610 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
2618 EVA Airways
2633 Taiwan High Speed Rail
2637 Wisdom Marine Lines Limited (Cayman)
2606 U-Ming Marine Transport
2610 China Airlines
Price-To-Earnings vs Peers: 2610 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (21.7x).
Price to Earnings Ratio vs Industry
How does 2610's PE Ratio compare vs other companies in the Global Airlines Industry?
Price-To-Earnings vs Industry: 2610 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the Asian Airlines industry average (11.5x)
Price to Earnings Ratio vs Fair Ratio
What is 2610's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||9.2x|
|Fair PE Ratio||13.5x|
Price-To-Earnings vs Fair Ratio: 2610 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).
Share Price vs Fair Value
What is the Fair Price of 2610 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2610 (NT$21.95) is trading below our estimate of fair value (NT$113.98)
Significantly Below Fair Value: 2610 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is China Airlines forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2610's forecast earnings growth (21.6% per year) is above the savings rate (0.7%).
Earnings vs Market: 2610's earnings (21.6% per year) are forecast to grow faster than the TW market (5.8% per year).
High Growth Earnings: 2610's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2610's revenue (12.4% per year) is forecast to grow faster than the TW market (7.2% per year).
High Growth Revenue: 2610's revenue (12.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 2610's Return on Equity is forecast to be high in 3 years time
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How has China Airlines performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2610 has high quality earnings.
Growing Profit Margin: 2610's current net profit margins (9.1%) are higher than last year (0.08%).
Past Earnings Growth Analysis
Earnings Trend: 2610 has become profitable over the past 5 years, growing earnings by 39.6% per year.
Accelerating Growth: 2610's earnings growth over the past year (15379.3%) exceeds its 5-year average (39.6% per year).
Earnings vs Industry: 2610 earnings growth over the past year (15379.3%) exceeded the Airlines industry 17.2%.
Return on Equity
High ROE: 2610's Return on Equity (18.6%) is considered low.
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How is China Airlines's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2610's short term assets (NT$67.3B) exceed its short term liabilities (NT$58.4B).
Long Term Liabilities: 2610's short term assets (NT$67.3B) do not cover its long term liabilities (NT$152.0B).
Debt to Equity History and Analysis
Debt Level: 2610's net debt to equity ratio (76.4%) is considered high.
Reducing Debt: 2610's debt to equity ratio has reduced from 209.9% to 132.5% over the past 5 years.
Debt Coverage: 2610's debt is well covered by operating cash flow (51.7%).
Interest Coverage: 2610's interest payments on its debt are well covered by EBIT (8.9x coverage).
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What is China Airlines's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2610's dividend (3.79%) is higher than the bottom 25% of dividend payers in the TW market (2.53%).
High Dividend: 2610's dividend (3.79%) is low compared to the top 25% of dividend payers in the TW market (6.58%).
Stability and Growth of Payments
Stable Dividend: 2610's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2610's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34.5%), 2610's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (14.5%), 2610's dividend payments are thoroughly covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Shing-Hwang Kao (61 yo)
Mr. Shing-Hwang Kao serves as President of China Airlines, Ltd since March 18, 2021 and served as its Senior Vice President until March 18, 2021. Mr. Kao joined China Airlines, Ltd. on June 1, 2011.He ser...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Shing-Hwang's total compensation is reasonable compared to companies of similar size in the TW market.
Compensation vs Earnings: Shing-Hwang's compensation has been consistent with company performance over the past year.
Experienced Management: 2610's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: 2610's board of directors are considered experienced (4.2 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.6%.
China Airlines, Ltd.'s employee growth, exchange listings and data sources
- Name: China Airlines, Ltd.
- Ticker: 2610
- Exchange: TWSE
- Founded: 1959
- Industry: Airlines
- Sector: Transportation
- Implied Market Cap: NT$131.513b
- Shares outstanding: 5.99b
- Website: https://www.china-airlines.com
Number of Employees
- China Airlines, Ltd.
- No.1, Hangzhan South Road
- Dayuan District
- Taoyuan City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/11 00:00|
|End of Day Share Price||2022/08/11 00:00|
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.