Shanghai International Airport Co., Ltd.

SHSE-600009

Basic

Market Cap
CN¥93.32B
EV
CN¥100.77B
Shares Out
2,488.48M
Revenue
CN¥11.92B
Employees
12,999

Margins

Gross
21.36%
EBITDA
27.66%
Operating
14.62%
Pre-Tax
16.8%
Net
11.9%
FCF
20.79%

Returns (5Yr Avg)

ROA
1.23%
ROTA
0.41%
ROE
0.42%
ROCE
0.2%
ROIC
0.48%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
CN¥41.47
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
CN¥15.94B
Net Debt
CN¥4,221.93M
Debt/Equity
0.47
EBIT/Interest
2.31

Growth (CAGR)

Rev 3Yr
49.98%
Rev 5Yr
3.98%
Rev 10Yr
8.27%
Dil EPS 3Yr
-15.22%
Dil EPS 5Yr
-24.78%
Dil EPS 10Yr
-5.49%
Rev Fwd 2Yr
21.02%
EBITDA Fwd 2Yr
57.31%
EPS Fwd 2Yr
112.29%
EPS LT Growth Est
71%

Dividends

Yield
—
Payout
20.89%
DPS
CN¥0.12
DPS Growth 3Yr
—
DPS Growth 5Yr
-28.89%
DPS Growth 10Yr
-8.76%
DPS Growth Fwd 2Yr
104.43%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						10,944.7	4,303.5	8,154.8	5,480.4	11,047	11,922
Total Revenues						10,944.7	4,303.5	8,154.8	5,480.4	11,047	11,922
Total Revenues % Chg.						17.5%	-60.7%	89.5%	-32.8%	101.6%	104.8%
Cost of Goods Sold, Total						5,340.2	6,600.7	9,719.3	8,900.5	9,223	9,375.5
Gross Profit						5,604.4	-2,297.2	-1,564.5	-3,420	1,824	2,546.5
Selling General & Admin Expenses, Total						265.1	233.4	438.8	483.9	564.4	591.1
Provision for Bad Debts						16.9	-0	2.8	5.2	-3.2	-3.2
R&D Expenses	—	—	—	—	—	—	—	—	—	6.1	6.1
Other Operating Expenses						10.1	4.5	50.6	56.3	186.1	209.2
Other Operating Expenses, Total						292	237.9	492.2	545.4	753.4	803.2
Operating Income						5,312.4	-2,535.1	-2,056.8	-3,965.5	1,070.6	1,743.3
Interest Expense, Total					—	—	—	-866	-819.1	-755.5	-755.5
Interest And Investment Income						209	276.5	250.8	523.7	1,002.2	1,125.5
Net Interest Expenses						209	276.5	-615.3	-295.4	246.7	370
Income (Loss) On Equity Invest.	—		—	—	—	1,149.9	589.7	778.1	—	—	-120.6
Currency Exchange Gains (Loss)						0	-0.1	-1.6	6.9	-6.9	-6.9
Other Non Operating Income (Expenses)						-0.3	-0.3	-2	1.4	-0.8	-64.9
EBT, Excl. Unusual Items						6,671	-1,669.4	-1,897.5	-4,252.6	1,309.6	1,920.8
Gain (Loss) On Sale Of Investments	—	—	—	—	—	—	—	-17.3	-0.1	9	11.1
Gain (Loss) On Sale Of Assets						-2.9	—	-3.3	-0.8	-2.8	-1.5
Asset Writedown	—	—	—	—	—	—	-1.8	-1.3	-7.8	-4.5	-4.5
Legal Settlements	—	—	—	—	—	—	—	—	70.2	—	—
Other Unusual Items						-0.5	155.6	14.2	366	76.7	76.7
EBT, Incl. Unusual Items						6,667.6	-1,515.6	-1,905.2	-3,825	1,388	2,002.7
Income Tax Expense						1,406.7	-347	-563.8	-1,035	198.9	295.6
Earnings From Continuing Operations						5,260.9	-1,168.6	-1,341.4	-2,790	1,189.1	1,707.1
Minority Interest						-230.7	-98.1	-236.8	-205	-255.1	-287.9
Net Income						5,030.2	-1,266.7	-1,578.2	-2,994.9	934	1,419.2
Net Income to Common Incl Extra Items						5,030.2	-1,266.7	-1,578.2	-2,994.9	934	1,419.2
Net Income to Common Excl. Extra Items						5,030.2	-1,266.7	-1,578.2	-2,994.9	934	1,419.2
Total Shares Outstanding						1,927	1,927	1,927	2,488.5	2,488.5	2,411
Weighted Avg. Shares Outstanding						1,927	1,927	2,326.9	2,373	2,488.5	2,470.3
Weighted Avg. Shares Outstanding Dil						1,927	1,927	2,326.9	2,373	2,488.5	2,470.3
EPS						2.6	-0.7	-0.7	-1.3	0.4	0.6
EPS Diluted						2.6	-0.7	-0.7	-1.3	0.4	0.6
EBITDA						6,195.9	-1,215.1	-158	-2,405	2,626.6	3,298.2
Effective Tax Rate						21.1%	22.9%	29.6%	27.1%	14.3%	14.8%