China Southern Airlines Co Ltd
SSE:600029

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China Southern Airlines Co Ltd Logo
China Southern Airlines Co Ltd
SSE:600029
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Price: 6.62 CNY -2.93% Market Closed
Market Cap: 120B CNY
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Relative Value

The Relative Value of one China Southern Airlines Co Ltd stock under the Base Case scenario is 7.76 CNY. Compared to the current market price of 6.62 CNY, China Southern Airlines Co Ltd is Undervalued by 15%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
7.76 CNY
Undervaluation 15%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.7
P/S
P/S
Price to Sales
0.7
vs History
63
vs Industry
40
Median 3Y
1
Median 5Y
0.9
Industry
0.5
Forward
0.7
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-8.7
Median 5Y
-9.9
Industry
9.2
Forward
3 658.8
More Details
4
P/OCF
P/OCF
Price to OCF
4
vs History
58
vs Industry
54
Median 3Y
6.2
Median 5Y
5.1
Industry
3.5
More Details
50.4
P/FCFE
P/FCFE
Price to FCFE
50.4
vs History
3
vs Industry
7
Median 3Y
-4.4
Median 5Y
12.8
Industry
10.5
More Details
3.4
P/B
P/B
Price to Book Value
3.4
vs History
4
vs Industry
31
Median 3Y
2.8
Median 5Y
1.8
Industry
2.1
More Details
1.6
EV/S
EV/S
Enterprise Value to Sales
1.6
vs History
73
vs Industry
24
Median 3Y
2.4
Median 5Y
2.2
Industry
0.9
Forward
1.5
More Details
21.8
EV/GP
EV/GP
Enterprise Value to Gross Profit
21.8
vs History
19
vs Industry
14
Median 3Y
-15.4
Median 5Y
12.8
Industry
3
More Details
63.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
63.3
vs History
4
vs Industry
9
Median 3Y
-15
Median 5Y
-16.4
Industry
6.6
Forward
7.9
More Details
63.3
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
63.3
vs History
4
vs Industry
11
Median 3Y
-15
Median 5Y
-16.4
Industry
10.2
Forward
49.9
More Details
9.1
EV/OCF
EV/OCF
Enterprise Value to OCF
9.1
vs History
61
vs Industry
39
Median 3Y
15.2
Median 5Y
12.4
Industry
6.4
More Details
16
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
16
vs History
33
vs Industry
37
Median 3Y
9.1
Median 5Y
11.9
Industry
10
More Details
1
EV/IC
EV/IC
Enterprise Value to IC
1
vs History
11
vs Industry
38
Median 3Y
0.9
Median 5Y
0.9
Industry
0.8
More Details

Multiples Across Competitors

Competitors Multiples
China Southern Airlines Co Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
China Southern Airlines Co Ltd
SSE:600029
120B CNY 0.7 -33.7 63.3 63.3
US
Delta Air Lines Inc
NYSE:DAL
40.4B USD 0.7 8.7 5.5 9.1
US
United Airlines Holdings Inc
NASDAQ:UAL
33.3B USD 0.6 12 8.8 8.8
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
19.5B CHF 0 -1 404.3 -1 404.9 -1 404.9
IE
Ryanair Holdings PLC
LSE:RYA
15.4B EUR 1.1 8 4.5 6.8
IN
Interglobe Aviation Ltd
NSE:INDIGO
1.8T INR 2.4 26.9 11.3 20.7
US
Southwest Airlines Co
NYSE:LUV
20.6B USD 0.8 -420 12.5 -45.1
UK
International Consolidated Airlines Group SA
LSE:IAG
14.8B GBP 0.5 6.8 57.5 92
CN
Air China Ltd
SSE:601111
134.4B CNY 0.8 -282.3 -430.8 -430.8
SG
Singapore Airlines Ltd
SGX:C6L
19B SGD 1 9.6 4.9 10.5
US
American Airlines Group Inc
NASDAQ:AAL
11.4B USD 0.2 41.5 10.3 10.3
P/E Multiple
Earnings Growth P/E to Growth
CN
China Southern Airlines Co Ltd
SSE:600029
Average P/E: 16.2
Negative Multiple: -33.7 		N/A N/A
US
Delta Air Lines Inc
NYSE:DAL
8.7
14%
0.6
US
United Airlines Holdings Inc
NASDAQ:UAL
12
82%
0.1
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.3 N/A N/A
IE
R
Ryanair Holdings PLC
LSE:RYA
8
48%
0.2
IN
Interglobe Aviation Ltd
NSE:INDIGO
26.9
18%
1.5
US
Southwest Airlines Co
NYSE:LUV
Negative Multiple: -420
209%
N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
6.8
7%
1
CN
Air China Ltd
SSE:601111
Negative Multiple: -282.3 N/A N/A
SG
Singapore Airlines Ltd
SGX:C6L
9.6
-50%
N/A
US
American Airlines Group Inc
NASDAQ:AAL
41.5
132%
0.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
China Southern Airlines Co Ltd
SSE:600029
Average EV/EBIT: 27.7
63.3
180%
0.4
US
Delta Air Lines Inc
NYSE:DAL
9.1
20%
0.5
US
United Airlines Holdings Inc
NASDAQ:UAL
8.8
27%
0.3
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.9 N/A N/A
IE
R
Ryanair Holdings PLC
LSE:RYA
6.8
37%
0.2
IN
Interglobe Aviation Ltd
NSE:INDIGO
20.7
33%
0.6
US
Southwest Airlines Co
NYSE:LUV
Negative Multiple: -45.1
360%
N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
92
25%
3.6
CN
Air China Ltd
SSE:601111
Negative Multiple: -430.8
7 484%
N/A
SG
Singapore Airlines Ltd
SGX:C6L
10.5
-46%
N/A
US
American Airlines Group Inc
NASDAQ:AAL
10.3
-9%
N/A

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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