China Express Airlines Co Ltd
SZSE:002928

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China Express Airlines Co Ltd
SZSE:002928
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Price: 7.94 CNY 0.13%
Market Cap: 10.1B CNY
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Relative Value

The Relative Value of one China Express Airlines Co Ltd stock under the Base Case scenario is 8.03 CNY. Compared to the current market price of 7.94 CNY, China Express Airlines Co Ltd is Undervalued by 1%.

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
8.03 CNY
Undervaluation 1%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
68
vs Industry
9
Median 3Y
3
Median 5Y
2.5
Industry
0.5
Forward
1.4
vs History
0
vs Industry
Median 3Y
-8.3
Median 5Y
-6.1
Industry
9.2
Forward
26.8
vs History
82
vs Industry
19
Median 3Y
9.9
Median 5Y
10.5
Industry
3.5
vs History
50
vs Industry
11
Median 3Y
9.3
Median 5Y
9.3
Industry
10.5
vs History
33
vs Industry
26
Median 3Y
3.3
Median 5Y
3.3
Industry
2.1
vs History
53
vs Industry
7
Median 3Y
5.2
Median 5Y
3.6
Industry
0.9
Forward
2.9
vs History
4
vs Industry
Median 3Y
-20.1
Median 5Y
12.3
Industry
3
vs History
9
vs Industry
Median 3Y
-17
Median 5Y
11.7
Industry
6.6
Forward
11.3
vs History
9
vs Industry
Median 3Y
-17
Median 5Y
11.7
Industry
10.2
Forward
235
vs History
69
vs Industry
18
Median 3Y
18
Median 5Y
15.5
Industry
6.4
vs History
38
vs Industry
19
Median 3Y
-23.2
Median 5Y
-30.9
Industry
10
vs History
55
vs Industry
30
Median 3Y
1.4
Median 5Y
1.4
Industry
0.8

Multiples Across Competitors

Competitors Multiples
China Express Airlines Co Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
China Express Airlines Co Ltd
SZSE:002928
10.1B CNY 1.6 259.9 40.9 40.9
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
CN
China Southern Airlines Co Ltd
SSE:600029
120B CNY 0.7 -33.7 63.3 63.3
SG
Singapore Airlines Ltd
SGX:C6L
19B SGD 1 9.6 4.9 10.5
P/E Multiple
Earnings Growth P/E to Growth
CN
China Express Airlines Co Ltd
SZSE:002928
Average P/E: 47.4
259.9
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
CN
China Southern Airlines Co Ltd
SSE:600029
Negative Multiple: -33.7 N/A N/A
SG
Singapore Airlines Ltd
SGX:C6L
9.6
-50%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
China Express Airlines Co Ltd
SZSE:002928
Average EV/EBIT: 31.5
40.9
N/A N/A
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
CN
China Southern Airlines Co Ltd
SSE:600029
63.3
180%
0.4
SG
Singapore Airlines Ltd
SGX:C6L
10.5
-46%
N/A

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