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China Eastern Airlines Corp Ltd Class A 600115

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Stock XSHG Rating as of
CNY 4.04 +0.03 (0.75%)
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As of Delayed Price Closed
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Company Report

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China Eastern Airlines Remained Lossmaking in 2023

Cheng Wang

Based in Shanghai, China Eastern Airlines has more than 40% market share in the most important air hub in eastern China. It owns the largest time slot shares in both Shanghai Hongqiao International Airport and Shanghai Pudong International Airport. China Eastern follows a hub network strategy. Besides Shanghai, it has also established a strong presence in Beijing, Kunming, and Xi’an, covering the northern, southwest, and northwest China markets, respectively.

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Price vs Fair Value

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600115 is trading at a 459% premium.
Price
CNY 4.01
Fair Value
CNY 1.63
Uncertainty
High
1-Star Price
CNY 6.38
5-Star Price
CNY 8.19
Economic Moat
Nrcwx
Capital Allocation
Nxlwcsz

Bulls Say, Bears Say

Bulls

China Eastern should see a strong earnings rebound as air travel recovers.

Bears

Chinese Yuan depreciation will weigh on China Eastern's earnings.

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News

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Trading Information

Previous Close Price
CNY 4.01
Day Range
CNY 4.00–4.05
52-Week Range
CNY 3.38–5.13
Bid/Ask
CNY 4.04 / CNY 4.05
Market Cap
CNY 90.06 Bil
Volume/Avg
29.3 Mil / 50.8 Mil

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
0.69
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group’s route network extends to over 220 destinations and 40 countries and regions.
Sector
Industrials
Industry
Airlines
Stock Style Box
Large Growth
Total Number of Employees
81,781
Website
https://www.ceair.com

Competitors

Valuation

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Metric
600115
C6L
00293
Price/Earnings (Normalized)
 —11.588.21
Price/Book Value
 2.251.320.86
Price/Sales
 0.691.110.63
Price/Cash Flow
 3.493.953.08
Price/Earnings
600115
C6L
00293

Financial Strength

Metric
600115
C6L
00293
Quick Ratio
 0.111.080.47
Current Ratio
 0.191.230.50
Interest Coverage
 −11.317.093.60
Quick Ratio
600115
C6L
00293

Profitability

Metric
600115
C6L
00293
Return on Assets (Normalized)
 −1.95%5.83%3.95%
Return on Equity (Normalized)
 −20.51%17.74%12.62%
Return on Invested Capital (Normalized)
 −2.59%12.55%7.54%
Return on Assets
600115
C6L
00293
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