Shanghai International Airport Co Ltd (600009:CH)

Price Target: Rmb34.00 Rating: Sell

Quick Scorecard

  • Earnings Outlook

    0%
  • Digitalization Progress

    0%
  • Pricing Power

    0%
  • Balance Sheet Strength

    0%
  • Defensiveness against Competitors

    0%
  • Defensiveness against Higher Infrastructure Costs

    0%
  • Defensiveness against Forex Risks

    0%
  • Management Quality

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  • Information Disclosure

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  • Stock Trading Liquidity

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Shanghai International Airport Financial Summary & Valuations

Year to December2019 (Forecast)*2018 (Forecast)*201720162015
Net profit (Rmb millions)45554229368328062531
Net profit margin42.1%43.0%45.7%40.4%40.3%
EPS (Rmb)2.342.171.891.481.30
EPS growth/decline8%15%28%14%23%
DPS (Rmb)0.720.670.580.440.43
Dividend yield1.3%1.2%1.6%1.6%1.6%
ROE14.4%15.5%15.5%13.2%12.9%
P/E (x)23.525.319.218.621.1
Price/Book (x)3.163.652.812.342.63
*Forecast by Crucial Perspective

Shanghai International Airport Operating Metrics (Jan-May 2018)

  • Hub Base: Shanghai
  • Number of Aircraft Movements: 209040
  • Aircraft Movements Growth (Decline): 2.8%
  • Passenger Throughput (Millions): 30.5
  • Passenger Throughput Growth (Decline): 6.9%
  • Cargo Throughput (Million Tons): 1.5
  • Cargo Throughput Growth (Decline): 2.7%
  • Share of Non-Aeronautical Revenue: 54% (2017)

Latest Analysis (Shanghai Int'l Airport))