China Airlines (2610:Taiwan)

Price Target: NT$10.70 Rating: Sell

Quick Scorecard

  • Earnings Outlook

    0%
  • Digitalization Progress

    0%
  • Pricing Power

    0%
  • Balance Sheet Strength

    0%
  • Defensiveness against Competitors

    0%
  • Defensiveness against Higher Fuel Prices

    0%
  • Defensiveness against Forex Risks

    0%
  • Management Quality

    0%
  • Information Disclosure

    0%
  • Stock Trading Liquidity

    0%

China Airlines Financial Summary & Valuations

Year to December2019 (Forecast)*2018 (Forecast)*201720162015
Net profit (NT$ millions)2185187222085715926
Net profit margin (%)1.2%1.1%1.4%0.4%4.0%
EPS (NT$)0.380.330.390.101.06
EPS growth/decline17%-16%290%-91%Turns profitable
DPS (NT$)0.150.130.220.000.46
Dividend yield1.5%1.3%2.1%0.0%3.4%
ROE3.6%3.2%3.9%1.0%10.8%
P/E (x)26.130.526.7101.412.8
Price/Book (x)0.940.971.041.001.36
*Forecast by Crucial Perspective

China Airlines Operating Metrics (Jan-May 2018)

  • Hub Base: Taipei
  • Alliance: SkyTeam
  • Group Aircraft Fleet Size: 87 (As at End May 2018)
  • Passenger Traffic Growth (Decline): 4.4%
  • Cargo Traffic Growth (Decline): 2.9%
  • Passenger Load Factor: 78.7%
  • Passenger Load Factor Change: -0.3ppt
  • Cargo Load Factor: 71.7%
  • Cargo Load Factor Change: -1.6ppt
  • Passenger Yield Growth (Decline): 0.0%
  • Cargo Yield Growth (Decline): 10.3%

Latest Analysis (China Airlines, 2610:Taiwan)