China Eastern Airlines Corp Ltd (670:HK)

Price Target: HK$7.30 Rating: Buy

Quick Scorecard

  • Earnings Outlook

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  • Digitalization Progress

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  • Pricing Power

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  • Balance Sheet Strength

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  • Defensiveness against Competitors

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  • Defensiveness against Higher Fuel Prices

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  • Defensiveness against Forex Risks

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  • Management Quality

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  • Information Disclosure

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  • Stock Trading Liquidity

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China Eastern Airlines Financial Summary & Valuations

Year to December2019 (Forecast)*2018 (Forecast)*201720162015
Net profit (Rmb millions)58273832634244984537
Net profit margin4.6%3.3%6.2%4.5%4.8%
EPS (Rmb)0.400.260.440.330.35
EPS growth/decline52%-40%33%-6%30%
DPS (Rmb)0.100.040.050.100.00
Dividend yield1.9%0.8%1.4%2.9%0.0%
ROE9.1%6.3%12.7%11.0%13.5%
P/E (x)12.819.58.510.311.4
Price/Book (x)1.131.211.081.131.37
*Forecast by Crucial Perspective

China Eastern Airlines Operating Metrics (Jan-Jul 2018)

  • Hub Base: Shanghai
  • Alliance: SkyTeam
  • Group Aircraft Fleet Size: 646 (As at End July 2018)
  • Passenger Traffic Growth (Decline): 10.5%
  • Cargo Traffic Growth (Decline): 7.8%
  • Passenger Load Factor: 81.3%
  • Cargo Load Factor: 35.3%
  • Passenger Load Factor Change: 1.3ppts
  • Cargo Load Factor Change: -3.6ppts

Latest Analysis (China Eastern Airlines)